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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
-20.83%
1 Year Est. Return
+12.97%
3 Year Est. Return
-16%
5 Year Est. Return
-16.49%
10 Year Est. Return
+207.56%
AUM
$1.56B
AUM Growth
-$396M
(-20%)
Cap. Flow
+$62M
Cap. Flow
% of AUM
3.96%
Top 10 Holdings %
Top 10 Hldgs %
83.08%
Holding
85
New
28
Increased
22
Reduced
11
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Acadia Healthcare
ACHC
|
+$45M |
| 2 |
FS KKR Capital
FSK
|
+$33.3M |
| 3 |
CBB
Cincinnati Bell Inc.
CBB
|
+$25.6M |
| 4 |
CTRC
Centric Brands Inc. Common Stock
CTRC
|
+$14.9M |
| 5 |
Bain Capital Specialty
BCSF
|
+$3.84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$54.7M |
| 2 |
CCT
Corporate Capital Trust, Inc.
CCT
|
+$26.8M |
| 3 |
Sixth Street Specialty
TSLX
|
+$10.1M |
| 4 |
PG&E
PCG
|
+$7.16M |
| 5 |
Barings BDC
BBDC
|
+$4.51M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 44.84% |
| 2 | Energy | 15.77% |
| 3 | Financials | 14.85% |
| 4 | Healthcare | 3.8% |
| 5 | Communication Services | 3.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Floor & Decor
FND
$6.01B
| $676M | 43.24% |
26,087,535
| – | – |
|
|
SFS
2
DELISTED
Smart & Final Stores, Inc.
SFS
| $210M | 13.41% |
44,218,762
| – | – |
|
|
NBL
3
DELISTED
Noble Energy, Inc.
NBL
| $187M | 11.95% |
9,956,919
| – | – |
|
4
Ares Capital
ARCC
$13.6B
| $38.4M | 2.45% |
2,462,068
+79,242
| +3% | +$1.31M |
|
|
CBB
5
DELISTED
Cincinnati Bell Inc.
CBB
| $37M | 2.37% |
4,754,641
+2,086,949
| +78% | +$25.6M |
|
|
HK
6
DELISTED
Halcon Resources Corporation
HK
| $35.6M | 2.28% |
20,955,865
+33,743
| +0.2% | +$106K |
|
|
7
Acadia Healthcare
ACHC
$2.56B
| $33.4M | 2.14% |
+1,300,369
| New | +$45M |
|
|
8
FS KKR Capital
FSK
$3.05B
| $31.2M | 2% |
1,507,646
+1,337,802
| +788% | +$33.3M |
|
9
Option Care Health
OPCH
$3.79B
| $25.7M | 1.64% |
1,797,154
| – | – |
|
|
CTRC
10
DELISTED
Centric Brands Inc. Common Stock
CTRC
| $25M | 1.6% |
+3,125,000
| New | +$14.9M |
|
11
MidCap Financial Investment
MFIC
$811M
| $21.5M | 1.37% |
1,731,636
+238,554
| +16% | +$3.63M |
|
12
Hercules Capital
HTGC
$3.03B
| $19.1M | 1.22% |
1,728,837
+193,150
| +13% | +$2.36M |
|
|
CRC
13
DELISTED
California Resources Corporation
CRC
| $15.3M | 0.98% |
899,984
| – | – |
|
|
PNNT
14
Pennant Park Investment Corp
PNNT
$222M
| $13.9M | 0.89% |
2,176,565
+105,342
| +5% | +$749K |
|
15
WhiteHorse Finance
WHF
$140M
| $12.4M | 0.79% |
972,622
| – | – |
|
16
Clear Channel Outdoor Holdings
CCO
$1.23B
| $10.9M | 0.7% |
2,103,554
+459,200
| +28% | +$2.59M |
|
17
Golub Capital BDC
GBDC
$3.38B
| $10.7M | 0.68% |
662,740
+11,983
| +2% | +$213K |
|
|
BKCC
18
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $10.7M | 0.68% |
2,020,290
+36,090
| +2% | +$208K |
|
19
Carlyle Secured Lending
CGBD
$717M
| $9.84M | 0.63% |
793,420
+121,597
| +18% | +$1.85M |
|
20
PennantPark Floating Rate Capital
PFLT
$703M
| $9.67M | 0.62% |
835,743
+267,112
| +47% | +$3.38M |
|
21
American Airlines Group
AAL
$9.97B
| $9.63M | 0.62% |
352,821
| – | – |
|
|
22
PG&E
PCG
$39B
| $9.5M | 0.61% |
400,000
-200,235
| -33% | -$7.16M |
|
23
BlackRock TCP Capital
TCPC
$276M
| $8.93M | 0.57% |
685,142
-217,558
| -24% | -$3.03M |
|
24
Oaktree Specialty Lending
OCSL
$1.06B
| $8.87M | 0.57% |
698,649
+72,533
| +12% | +$992K |
|
25
New Mountain Finance
NMFC
$665M
| $8.82M | 0.56% |
701,539
-129,780
| -16% | -$1.72M |
|
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Ares Management's Q4 2018 Portfolio in Review
As of Q4 2018, Ares Management held 85 positions worth $1.56B, down 20% from $1.96B the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Ares Management deployed $62M of net new capital in Q4 2018, opening 28 new positions and adding to 22 existing holdings. Its largest new stake was Acadia Healthcare: 1,300,369 shares worth $33.4M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 45% of assets, up from 40% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was PG&E, an estimated $7.16M trimmed.
- Ares Management's largest Q4 2018 buy was Acadia Healthcare: 1,300,369 shares worth $33.4M.
- Ares Management added most to FS KKR Capital in Q4 2018, an estimated $33.3M increase.
- Ares Management's biggest Q4 2018 reduction was PG&E, cutting an estimated $7.16M.
- Ares Management fully exited State Street SPDR Bloomberg High Yield Bond ETF in Q4 2018, selling an estimated $54.7M.
- Ares Management's ten largest holdings make up 83% of its $1.56B portfolio in Q4 2018.
- Ares Management opened 28 new positions and closed 9 in Q4 2018.
- Ares Management's portfolio value fell 20% quarter-over-quarter to $1.56B.
Based on Ares Management's 13F filing for Q4 2018, filed 14 Feb 2019.