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Ares Management Portfolio holdings

AUM $2.29B
1-Year Est. Return 0.27%
This Fund
S&P 500
This Quarter Est. Return
+37.7%
1 Year Est. Return
+0.27%
3 Year Est. Return
-2.02%
5 Year Est. Return
-7.92%
10 Year Est. Return
+243.51%
AUM
$1.62B
AUM Growth
+$55.7M
Cap. Flow
-$409M
Cap. Flow %
-25.29%
Top 10 Hldgs %
92.74%
Holding
84
New
8
Increased
7
Reduced
28
Closed
20

Top Buys

Rank Stock Value
1
ACHC icon
Acadia Healthcare
ACHC
+$36.9M
2
TWO
Two Harbors Investment
TWO
+$1.98M
3
CMLS
Cumulus Media Inc. Class A Common Stock
CMLS
+$1.28M
4
EARN
Ellington Residential Mortgage REIT
EARN
+$913K
5
CCO icon
Clear Channel Outdoor Holdings
CCO
+$803K

Top Sells

Rank Stock Value
1
FND icon
Floor & Decor
FND
+$234M
2
ARCC icon
Ares Capital
ARCC
+$32.1M
3
HTGC icon
Hercules Capital
HTGC
+$14.6M
4
FSK icon
FS KKR Capital
FSK
+$13.3M
5
MFIC icon
MidCap Financial Investment
MFIC
+$11.7M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 51.02%
2 Energy 18.74%
3 Consumer Staples 13.5%
4 Financials 6.29%
5 Healthcare 5.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FND icon
1
Floor & Decor
FND
$4.91B
$800M 49.45%
19,414,134
-6,673,401
-26% -$234M
NBL
2
DELISTED
Noble Energy, Inc.
NBL
$246M 15.21%
9,956,919
– –
SFS
3
DELISTED
Smart & Final Stores, Inc.
SFS
$218M 13.5%
44,218,762
– –
ACHC icon
4
Acadia Healthcare
ACHC
$2.55B
$76.3M 4.71%
2,601,923
+1,301,554
+100% +$36.9M
CBB
5
DELISTED
Cincinnati Bell Inc.
CBB
$45.4M 2.8%
4,754,641
– –
HK
6
DELISTED
Halcon Resources Corporation
HK
$28.3M 1.75%
20,955,865
– –
CTRC
7
DELISTED
Centric Brands Inc. Common Stock
CTRC
$25M 1.54%
3,125,000
– –
FSK icon
8
FS KKR Capital
FSK
$3.32B
$23.5M 1.45%
971,965
-535,681
-36% -$13.3M
CRC
9
DELISTED
California Resources Corporation
CRC
$23.1M 1.43%
899,984
– –
MFIC icon
10
MidCap Financial Investment
MFIC
$745M
$14.4M 0.89%
951,039
-780,597
-45% -$11.7M
OPCH icon
11
Option Care Health
OPCH
$3.52B
$14.4M 0.89%
1,797,154
– –
CCO icon
12
Clear Channel Outdoor Holdings
CCO
$1.21B
$12.1M 0.74%
2,253,130
+149,576
+7% +$803K
ARCC icon
13
Ares Capital
ARCC
$13.9B
$9.4M 0.58%
548,472
-1,913,596
-78% -$32.1M
PNNT
14
Pennant Park Investment Corp
PNNT
$228M
$8.49M 0.52%
1,229,437
-947,128
-44% -$6.67M
SPY icon
15
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$799B
$7.49M 0.46%
26,500
+4,500
+20% +$1.22M
HTGC icon
16
Hercules Capital
HTGC
$3.3B
$7.33M 0.45%
579,082
-1,149,755
-67% -$14.6M
BKCC
17
DELISTED
BlackRock Capital Investment Corporation
BKCC
$6.98M 0.43%
1,165,725
-854,565
-42% -$5.22M
WHF icon
18
WhiteHorse Finance
WHF
$157M
$6.59M 0.41%
464,208
-508,414
-52% -$7.09M
GBDC icon
19
Golub Capital BDC
GBDC
$3.23B
$5.01M 0.31%
285,848
-376,892
-57% -$6.64M
SLRC icon
20
SLR Investment Corp
SLRC
$658M
$4.98M 0.31%
238,928
-200,287
-46% -$4.16M
PFLT icon
21
PennantPark Floating Rate Capital
PFLT
$697M
$3.37M 0.21%
263,382
-572,361
-68% -$7.35M
TCPC icon
22
BlackRock TCP Capital
TCPC
$336M
$2.71M 0.17%
191,187
-493,955
-72% -$7.04M
TWO
23
DELISTED
Two Harbors Investment
TWO
$2.54M 0.16%
46,875
+35,350
+307% +$1.98M
AAL icon
24
American Airlines Group
AAL
$8.45B
$2.46M 0.15%
91,120
-261,701
-74% -$8.79M
TRGP icon
25
Targa Resources
TRGP
$61.3B
$2.16M 0.13%
51,887
-112,136
-68% -$4.7M
1
2 3 4

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Ares Management's Q1 2019 Portfolio in Review

As of Q1 2019, Ares Management held 84 positions worth $1.62B, up 3.6% from $1.56B the previous quarter. Its ten largest holdings account for 93% of the portfolio.

Ares Management withdrew a net $409M in Q1 2019, closing 20 positions and reducing 28 holdings. Its most notable exit was PG&E, an estimated $9.5M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 51% of assets, up from 45% a quarter earlier, followed by Energy and Consumer Staples.

Against the trend, Ares Management opened a new position in Cumulus Media Inc. Class A Common Stock worth $1.5M.

  • Ares Management's largest Q1 2019 buy was Cumulus Media Inc. Class A Common Stock: 83,033 shares worth $1.5M.
  • Ares Management added most to Acadia Healthcare in Q1 2019, an estimated $36.9M increase.
  • Ares Management's biggest Q1 2019 reduction was Floor & Decor, cutting an estimated $234M.
  • Ares Management fully exited PG&E in Q1 2019, selling an estimated $9.5M.
  • Ares Management's ten largest holdings make up 93% of its $1.62B portfolio in Q1 2019.
  • Ares Management opened 8 new positions and closed 20 in Q1 2019.
  • Ares Management's portfolio value rose 3.6% quarter-over-quarter to $1.62B.

Based on Ares Management's 13F filing for Q1 2019, filed 15 May 2019.