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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
+37.7%
1 Year Est. Return
+12.97%
3 Year Est. Return
-16%
5 Year Est. Return
-16.49%
10 Year Est. Return
+207.56%
AUM
$1.62B
AUM Growth
+$55.7M
(+3.6%)
Cap. Flow
-$411M
Cap. Flow
% of AUM
-25.39%
Top 10 Holdings %
Top 10 Hldgs %
92.74%
Holding
84
New
8
Increased
7
Reduced
28
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
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 |
Clear Channel Outdoor Holdings
CCO
|
+$803K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Floor & Decor
FND
|
+$234M |
| 2 |
Ares Capital
ARCC
|
+$32.1M |
| 3 |
Hercules Capital
HTGC
|
+$14.6M |
| 4 |
FS KKR Capital
FSK
|
+$13.3M |
| 5 |
MidCap Financial Investment
MFIC
|
+$11.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 51.02% |
| 2 | Energy | 18.74% |
| 3 | Financials | 5.77% |
| 4 | Healthcare | 5.62% |
| 5 | Communication Services | 3.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Floor & Decor
FND
$6.03B
| $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
| – | – |
|
|
4
Acadia Healthcare
ACHC
$2.52B
| $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
| – | – |
|
|
8
FS KKR Capital
FSK
$3.01B
| $23.5M | 1.45% |
971,965
-535,681
| -36% | -$13.3M |
|
|
CRC
9
DELISTED
California Resources Corporation
CRC
| $23.1M | 1.43% |
899,984
| – | – |
|
|
10
MidCap Financial Investment
MFIC
$801M
| $14.4M | 0.89% |
951,039
-780,597
| -45% | -$11.7M |
|
11
Option Care Health
OPCH
$3.76B
| $14.4M | 0.89% |
1,797,154
| – | – |
|
|
12
Clear Channel Outdoor Holdings
CCO
$1.22B
| $12.1M | 0.74% |
2,253,130
+149,576
| +7% | +$803K |
|
|
13
Ares Capital
ARCC
$13.4B
| $9.4M | 0.58% |
548,472
-1,913,596
| -78% | -$32.1M |
|
|
PNNT
14
Pennant Park Investment Corp
PNNT
$220M
| $8.49M | 0.52% |
1,229,437
-947,128
| -44% | -$6.67M |
|
15
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $7.49M | 0.46% |
26,500
+4,500
| +20% | +$1.22M |
|
|
16
Hercules Capital
HTGC
$2.99B
| $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 |
|
18
WhiteHorse Finance
WHF
$138M
| $6.59M | 0.41% |
464,208
-508,414
| -52% | -$7.09M |
|
19
Golub Capital BDC
GBDC
$3.33B
| $5.01M | 0.31% |
285,848
-376,892
| -57% | -$6.64M |
|
20
SLR Investment Corp
SLRC
$704M
| $4.98M | 0.31% |
238,928
-200,287
| -46% | -$4.16M |
|
21
PennantPark Floating Rate Capital
PFLT
$698M
| $3.37M | 0.21% |
263,382
-572,361
| -68% | -$7.35M |
|
22
BlackRock TCP Capital
TCPC
$278M
| $2.71M | 0.17% |
191,187
-493,955
| -72% | -$7.04M |
|
|
TWO
23
Two Harbors Investment
TWO
$1.27B
| $2.54M | 0.16% |
46,875
+35,350
| +307% | +$1.98M |
|
24
American Airlines Group
AAL
$9.82B
| $2.46M | 0.15% |
91,120
-261,701
| -74% | -$8.79M |
|
25
Targa Resources
TRGP
$56.8B
| $2.16M | 0.13% |
51,887
-112,136
| -68% | -$4.7M |
|
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FCM
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KP
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 $411M 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 Financials.
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.