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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
+8.34%
1 Year Est. Return
+12.97%
3 Year Est. Return
-16%
5 Year Est. Return
-16.49%
10 Year Est. Return
+207.56%
AUM
$1.12B
AUM Growth
-$386M
(-26%)
Cap. Flow
-$418M
Cap. Flow
% of AUM
-37.31%
Top 10 Holdings %
Top 10 Hldgs %
94.68%
Holding
66
New
8
Increased
10
Reduced
8
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Option Care Health
OPCH
|
+$7.28M |
| 2 |
MIC
Macquarie Infrastructure Holdings, LLC
MIC
|
+$2.97M |
| 3 |
New Mountain Finance
NMFC
|
+$541K |
| 4 |
RC
Ready Capital
RC
|
+$425K |
| 5 |
Clear Channel Outdoor Holdings
CCO
|
+$380K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Floor & Decor
FND
|
+$333M |
| 2 |
Acadia Healthcare
ACHC
|
+$68.7M |
| 3 |
PNNT
Pennant Park Investment Corp
PNNT
|
+$4.1M |
| 4 |
iHeartMedia
IHRT
|
+$3.27M |
| 5 |
Ares Capital
ARCC
|
+$3.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 57.34% |
| 2 | Energy | 23.44% |
| 3 | Communication Services | 7.9% |
| 4 | Healthcare | 4.1% |
| 5 | Financials | 2.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Floor & Decor
FND
$6.11B
| $625M | 55.85% |
12,308,406
-7,105,728
| -37% | -$333M |
|
|
NBL
2
DELISTED
Noble Energy, Inc.
NBL
| $247M | 22.09% |
9,956,919
| – | – |
|
|
CBB
3
DELISTED
Cincinnati Bell Inc.
CBB
| $49.8M | 4.45% |
4,754,641
| – | – |
|
|
4
Option Care Health
OPCH
$3.77B
| $43.3M | 3.87% |
2,904,616
+538,188
| +23% | +$7.28M |
|
|
5
Clear Channel Outdoor Holdings
CCO
$1.22B
| $33.8M | 3.02% |
11,820,808
+150,000
| +1% | +$380K |
|
6
Dynatrace
DT
$12.9B
| $20M | 1.79% |
790,416
-127,439
| -14% | -$2.8M |
|
|
CTRC
7
DELISTED
Centric Brands Inc. Common Stock
CTRC
| $16.2M | 1.45% |
3,125,000
| – | – |
|
8
FS KKR Capital
FSK
$3.02B
| $8.75M | 0.78% |
356,763
| – | – |
|
|
CRC
9
DELISTED
California Resources Corporation
CRC
| $8.13M | 0.73% |
899,984
| – | – |
|
10
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$780B
| $7.4M | 0.66% |
23,000
+6,500
| +39% | +$2M |
|
|
11
Ares Capital
ARCC
$13.5B
| $6.8M | 0.61% |
364,861
-167,176
| -31% | -$3.1M |
|
12
WhiteHorse Finance
WHF
$140M
| $6.2M | 0.55% |
452,753
-63,264
| -12% | -$884K |
|
13
MidCap Financial Investment
MFIC
$806M
| $5.2M | 0.46% |
297,814
-104,939
| -26% | -$1.73M |
|
|
14
iHeartMedia
IHRT
$543M
| $4.83M | 0.43% |
285,537
-215,600
| -43% | -$3.27M |
|
|
BKCC
15
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $4.37M | 0.39% |
880,298
| – | – |
|
|
MIC
16
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $3.09M | 0.28% |
+72,041
| New | +$2.97M |
|
17
PUT
Macy's
M
$6.56B
| $2.55M | 0.23% |
+150,000
| New | +$2.35M |
|
|
18
Acadia Healthcare
ACHC
$2.53B
| $2.33M | 0.21% |
70,000
-2,193,825
| -97% | -$68.7M |
|
19
American Airlines Group
AAL
$9.94B
| $2.22M | 0.2% |
91,120
| – | – |
|
|
ENLC
20
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $1.7M | 0.15% |
277,930
+35,960
| +15% | +$218K |
|
|
CMLS
21
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $1.25M | 0.11% |
71,358
| – | – |
|
22
Barings BDC
BBDC
$875M
| $940K | 0.08% |
91,400
| – | – |
|
23
AGNC Investment
AGNC
$12.8B
| $895K | 0.08% |
50,650
| – | – |
|
24
Rithm Capital
RITM
$5.6B
| $886K | 0.08% |
54,982
| – | – |
|
25
SLR Investment Corp
SLRC
$708M
| $877K | 0.08% |
42,513
+18,000
| +73% | +$370K |
|
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Ares Management's Q4 2019 Portfolio in Review
As of Q4 2019, Ares Management held 66 positions worth $1.12B, down 26% from $1.51B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Ares Management withdrew a net $418M in Q4 2019, closing 13 positions and reducing 8 holdings. Its most notable exit was Pennant Park Investment Corp, an estimated $4.1M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 57% of assets, down from 67% a quarter earlier, followed by Energy and Communication Services.
Against the trend, Ares Management opened a new position in Macquarie Infrastructure Holdings, LLC worth $3.09M.
- Ares Management's largest Q4 2019 buy was Macquarie Infrastructure Holdings, LLC: 72,041 shares worth $3.09M.
- Ares Management added most to Option Care Health in Q4 2019, an estimated $7.28M increase.
- Ares Management's biggest Q4 2019 reduction was Floor & Decor, cutting an estimated $333M.
- Ares Management fully exited Pennant Park Investment Corp in Q4 2019, selling an estimated $4.1M.
- Ares Management's ten largest holdings make up 95% of its $1.12B portfolio in Q4 2019.
- Ares Management opened 8 new positions and closed 13 in Q4 2019.
- Ares Management's portfolio value fell 26% quarter-over-quarter to $1.12B.
Based on Ares Management's 13F filing for Q4 2019, filed 14 Feb 2020.