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Ares Management Portfolio holdings
AUM
$1.52B
1-Year Est. Return
12.97%
This Fund
S&P 500
This Quarter
Est. Return
+2.94%
1 Year Est. Return
+12.97%
3 Year Est. Return
-16%
5 Year Est. Return
-16.49%
10 Year Est. Return
+207.56%
AUM
$2.83B
AUM Growth
-$312M
(-9.9%)
Cap. Flow
-$293M
Cap. Flow
% of AUM
-10.36%
Top 10 Holdings %
Top 10 Hldgs %
91.21%
Holding
60
New
1
Increased
15
Reduced
9
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CBB
Cincinnati Bell Inc.
CBB
|
+$29.6M |
| 2 |
MidCap Financial Investment
MFIC
|
+$5.44M |
| 3 |
Carlyle Secured Lending
CGBD
|
+$3.78M |
| 4 |
PNNT
Pennant Park Investment Corp
PNNT
|
+$3.29M |
| 5 |
CCT
Corporate Capital Trust, Inc.
CCT
|
+$2.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Floor & Decor
FND
|
+$346M |
| 2 |
SLR Investment Corp
SLRC
|
+$4M |
| 3 |
Stellus Capital Investment Corp
SCM
|
+$1.34M |
| 4 |
ECC
Eagle Point Credit Company
ECC
|
+$1.03M |
| 5 |
ARDC
Are Dynamic Credit Allocation Fund
ARDC
|
+$465K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 58.93% |
| 2 | Energy | 18.5% |
| 3 | Financials | 8.52% |
| 4 | Communication Services | 1.37% |
| 5 | Healthcare | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Floor & Decor
FND
$6.06B
| $1.67B | 58.93% |
33,831,643
-6,734,007
| -17% | -$346M |
|
|
NBL
2
DELISTED
Noble Energy, Inc.
NBL
| $351M | 12.4% |
9,956,919
-8
| -0% | -$272 |
|
|
SFS
3
DELISTED
Smart & Final Stores, Inc.
SFS
| $245M | 8.67% |
44,218,762
| – | – |
|
|
HK
4
DELISTED
Halcon Resources Corporation
HK
| $96.2M | 3.4% |
21,908,398
| – | – |
|
|
CRC
5
DELISTED
California Resources Corporation
CRC
| $71.1M | 2.51% |
1,564,990
| – | – |
|
6
Ares Capital
ARCC
$13.7B
| $39.3M | 1.39% |
2,388,420
+70,149
| +3% | +$1.15M |
|
|
CBB
7
DELISTED
Cincinnati Bell Inc.
CBB
| $32.9M | 1.16% |
2,093,902
+2,019,978
| +2,733% | +$29.6M |
|
|
GST
8
DELISTED
Gastar Exploration Inc.
GST
| $31.8M | 1.12% |
56,712,088
| – | – |
|
|
9
MidCap Financial Investment
MFIC
$815M
| $24.9M | 0.88% |
1,493,082
+327,095
| +28% | +$5.44M |
|
10
Option Care Health
OPCH
$3.73B
| $21.1M | 0.74% |
1,797,154
| – | – |
|
11
Hercules Capital
HTGC
$3.03B
| $19.8M | 0.7% |
1,565,069
+155,641
| +11% | +$1.92M |
|
12
New Mountain Finance
NMFC
$665M
| $17.3M | 0.61% |
1,270,113
+107,414
| +9% | +$1.46M |
|
13
BlackRock TCP Capital
TCPC
$276M
| $17.1M | 0.6% |
1,181,423
+141,389
| +14% | +$2.05M |
|
14
Sixth Street Specialty
TSLX
$1.7B
| $15.8M | 0.56% |
878,493
+54,439
| +7% | +$997K |
|
|
PNNT
15
Pennant Park Investment Corp
PNNT
$223M
| $14.7M | 0.52% |
2,092,923
+468,125
| +29% | +$3.29M |
|
16
FS KKR Capital
FSK
$3.06B
| $13.1M | 0.46% |
446,503
| – | – |
|
17
Golub Capital BDC
GBDC
$3.38B
| $11.9M | 0.42% |
664,037
| – | – |
|
|
BKCC
18
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $11.7M | 0.41% |
2,009,536
+256,056
| +15% | +$1.59M |
|
|
19
Carlyle Secured Lending
CGBD
$719M
| $11.7M | 0.41% |
685,534
+212,065
| +45% | +$3.78M |
|
20
American Airlines Group
AAL
$10B
| $11.4M | 0.4% |
352,821
| – | – |
|
21
Barings BDC
BBDC
$883M
| $10.8M | 0.38% |
942,770
| – | – |
|
|
CCT
22
DELISTED
Corporate Capital Trust, Inc.
CCT
| $10.5M | 0.37% |
669,516
+154,857
| +30% | +$2.57M |
|
|
OCSI
23
DELISTED
Oaktree Strategic Income Corporation
OCSI
| $7.97M | 0.28% |
937,162
| – | – |
|
24
PennantPark Floating Rate Capital
PFLT
$705M
| $7.93M | 0.28% |
580,236
| – | – |
|
|
25
SLR Investment Corp
SLRC
$711M
| $7.48M | 0.26% |
366,148
-191,000
| -34% | -$4M |
|
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Ares Management's Q2 2018 Portfolio in Review
As of Q2 2018, Ares Management held 60 positions worth $2.83B, down 9.9% from $3.14B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Ares Management withdrew a net $293M in Q2 2018, closing 5 positions and reducing 9 holdings. Its most notable exit was Are Dynamic Credit Allocation Fund, an estimated $465K position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 59% of assets, down from 67% a quarter earlier, followed by Energy and Financials.
Against the trend, Ares Management opened a new position in Goldman Sachs BDC worth $1.33M.
- Ares Management's largest Q2 2018 buy was Goldman Sachs BDC: 65,100 shares worth $1.33M.
- Ares Management added most to Cincinnati Bell Inc. in Q2 2018, an estimated $29.6M increase.
- Ares Management's biggest Q2 2018 reduction was Floor & Decor, cutting an estimated $346M.
- Ares Management fully exited Are Dynamic Credit Allocation Fund in Q2 2018, selling an estimated $465K.
- Ares Management's ten largest holdings make up 91% of its $2.83B portfolio in Q2 2018.
- Ares Management opened 1 new position and closed 5 in Q2 2018.
- Ares Management's portfolio value fell 9.9% quarter-over-quarter to $2.83B.
Based on Ares Management's 13F filing for Q2 2018, filed 14 Aug 2018.