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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
-3.22%
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
$1.81B
AUM Growth
-$220M
Cap. Flow
-$69.5M
Cap. Flow %
-3.84%
Top 10 Hldgs %
86.13%
Holding
41
New
1
Increased
9
Reduced
16
Closed
3

Top Buys

Rank Stock Value
1
FYBR
Frontier Communications
FYBR
+$50.7M
2
VNET
VNET Group
VNET
+$27.4M
3
CCO icon
Clear Channel Outdoor Holdings
CCO
+$9.11M
4
ARCC icon
Ares Capital
ARCC
+$5.56M
5
BXSL icon
Blackstone Secured Lending
BXSL
+$3.32M

Top Sells

Rank Stock Value
1
AZEK
The AZEK Co
AZEK
+$113M
2
SCM icon
Stellus Capital Investment Corp
SCM
+$4.58M
3
BBDC icon
Barings BDC
BBDC
+$3.56M
4
SLRC icon
SLR Investment Corp
SLRC
+$2.58M
5
OCSL icon
Oaktree Specialty Lending
OCSL
+$2.48M

Sector Composition

Rank Sector Weight
1 Communication Services 51.05%
2 Industrials 19.83%
3 Financials 14.09%
4 Energy 7.58%
5 Consumer Discretionary 4.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FYBR
1
DELISTED
Frontier Communications
FYBR
$845M 46.68%
37,094,654
+1,889,522
+5% +$50.7M
AZEK
2
DELISTED
The AZEK Co
AZEK
$337M 18.64%
14,326,090
-4,770,000
-25% -$113M
CRC icon
3
California Resources
CRC
$5.12B
$104M 5.74%
2,699,385
– –
CCO icon
4
Clear Channel Outdoor Holdings
CCO
$1.21B
$67M 3.7%
55,829,046
+6,179,420
+12% +$9.11M
GBTG icon
5
American Express Global Business Travel
GBTG
$4.95B
$57.5M 3.18%
8,675,568
– –
ARCC icon
6
Ares Capital
ARCC
$13.9B
$39.2M 2.17%
2,143,786
+294,319
+16% +$5.56M
BBDC icon
7
Barings BDC
BBDC
$914M
$34.8M 1.92%
4,380,411
-424,441
-9% -$3.56M
PNNT
8
Pennant Park Investment Corp
PNNT
$228M
$24.9M 1.37%
4,708,166
-134,944
-3% -$765K
SBOW
9
DELISTED
SilverBow Resources, Inc.
SBOW
$24.8M 1.37%
1,086,974
– –
GBDC icon
10
Golub Capital BDC
GBDC
$3.23B
$24.5M 1.35%
1,807,649
-80,173
-4% -$1.08M
OPAL icon
11
OPAL Fuels
OPAL
$56M
$21.3M 1.18%
3,059,533
– –
OBDC icon
12
Blue Owl Capital
OBDC
$5.46B
$21M 1.16%
1,668,693
+112,298
+7% +$1.45M
SLRC icon
13
SLR Investment Corp
SLRC
$658M
$20.9M 1.15%
1,386,455
-171,949
-11% -$2.58M
OCSL icon
14
Oaktree Specialty Lending
OCSL
$1.09B
$20.2M 1.12%
1,077,848
-124,270
-10% -$2.48M
VNET
15
VNET Group
VNET
$1.7B
$18.2M 1%
+5,604,821
New +$27.4M
ARKO icon
16
ARKO Corp
ARKO
$496M
$17.9M 0.99%
2,110,000
– –
BXSL icon
17
Blackstone Secured Lending
BXSL
$5.78B
$15.7M 0.87%
629,801
+135,375
+27% +$3.32M
BKCC
18
DELISTED
BlackRock Capital Investment Corporation
BKCC
$14.7M 0.81%
4,264,290
-124,970
-3% -$455K
CTEV
19
Claritev Corp
CTEV
$602M
$13.4M 0.74%
316,060
– –
OPTU
20
Optimum Communications Inc
OPTU
$377M
$12.1M 0.67%
3,547,478
– –
FSK icon
21
FS KKR Capital
FSK
$3.32B
$10.5M 0.58%
567,773
+59,300
+12% +$1.12M
RENT
22
Rent the Runway
RENT
$70.2M
$9.65M 0.53%
169,384
– –
TSLX icon
23
Sixth Street Specialty
TSLX
$1.7B
$7.15M 0.4%
390,898
+4,001
+1% +$74.2K
CCAP icon
24
Crescent Capital BDC
CCAP
$363M
$6.41M 0.35%
470,319
-52,384
-10% -$759K
SMC
25
Summit Midstream
SMC
$465M
$5.32M 0.29%
346,628
-10,000
-3% -$169K
1
2

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Ares Management's Q1 2023 Portfolio in Review

As of Q1 2023, Ares Management held 41 positions worth $1.81B, down 11% from $2.03B the previous quarter. Its ten largest holdings account for 86% of the portfolio.

Ares Management withdrew a net $69.5M in Q1 2023, closing 3 positions and reducing 16 holdings. Its most notable exit was Stellus Capital Investment Corp, an estimated $4.58M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 51% of assets, up from 48% a quarter earlier, followed by Industrials and Financials.

Against the trend, Ares Management opened a new position in VNET Group worth $18.2M.

  • Ares Management's largest Q1 2023 buy was VNET Group: 5,604,821 shares worth $18.2M.
  • Ares Management added most to Frontier Communications in Q1 2023, an estimated $50.7M increase.
  • Ares Management's biggest Q1 2023 reduction was The AZEK Co, cutting an estimated $113M.
  • Ares Management fully exited Stellus Capital Investment Corp in Q1 2023, selling an estimated $4.58M.
  • Ares Management's ten largest holdings make up 86% of its $1.81B portfolio in Q1 2023.
  • Ares Management opened 1 new position and closed 3 in Q1 2023.
  • Ares Management's portfolio value fell 11% quarter-over-quarter to $1.81B.

Based on Ares Management's 13F filing for Q1 2023, filed 15 May 2023.