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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
-3.22%
1 Year Est. Return
+12.97%
3 Year Est. Return
-16%
5 Year Est. Return
-16.49%
10 Year Est. Return
+207.56%
AUM
$1.81B
AUM Growth
-$220M
(-11%)
Cap. Flow
-$151M
Cap. Flow
% of AUM
-8.36%
Top 10 Holdings %
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 |
Clear Channel Outdoor Holdings
CCO
|
+$9.11M |
| 4 |
Ares Capital
ARCC
|
+$5.56M |
| 5 |
Blackstone Secured Lending
BXSL
|
+$3.32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AZEK
The AZEK Co
AZEK
|
+$113M |
| 2 |
Stellus Capital Investment Corp
SCM
|
+$4.58M |
| 3 |
Barings BDC
BBDC
|
+$3.56M |
| 4 |
SLR Investment Corp
SLRC
|
+$2.58M |
| 5 |
Oaktree Specialty Lending
OCSL
|
+$2.48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 51.05% |
| 2 | Industrials | 18.65% |
| 3 | Financials | 13.28% |
| 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 |
|
3
California Resources
CRC
$4.49B
| $104M | 5.74% |
2,699,385
| – | – |
|
|
4
Clear Channel Outdoor Holdings
CCO
$1.22B
| $67M | 3.7% |
55,829,046
+6,179,420
| +12% | +$9.11M |
|
5
American Express Global Business Travel
GBTG
$4.92B
| $57.5M | 3.18% |
8,675,568
| – | – |
|
|
6
Ares Capital
ARCC
$13.4B
| $39.2M | 2.17% |
2,143,786
+294,319
| +16% | +$5.56M |
|
|
7
Barings BDC
BBDC
$868M
| $34.8M | 1.92% |
4,380,411
-424,441
| -9% | -$3.56M |
|
|
PNNT
8
Pennant Park Investment Corp
PNNT
$220M
| $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
| – | – |
|
10
Golub Capital BDC
GBDC
$3.33B
| $24.5M | 1.35% |
1,807,649
-80,173
| -4% | -$1.08M |
|
11
OPAL Fuels
OPAL
$62.5M
| $21.3M | 1.18% |
3,059,533
| – | – |
|
12
Blue Owl Capital
OBDC
$5.35B
| $21M | 1.16% |
1,668,693
+112,298
| +7% | +$1.45M |
|
|
13
SLR Investment Corp
SLRC
$704M
| $20.9M | 1.15% |
1,386,455
-171,949
| -11% | -$2.58M |
|
|
14
Oaktree Specialty Lending
OCSL
$1.05B
| $20.2M | 1.12% |
1,077,848
-124,270
| -10% | -$2.48M |
|
|
VNET
15
VNET Group
VNET
$1.79B
| $18.2M | 1% |
+5,604,821
| New | +$27.4M |
|
16
ARKO Corp
ARKO
$868M
| $17.9M | 0.99% |
2,110,000
| – | – |
|
|
17
Blackstone Secured Lending
BXSL
$5.36B
| $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
$398M
| $13.4M | 0.74% |
316,060
| – | – |
|
|
OPTU
20
Optimum Communications Inc
OPTU
$301M
| $12.1M | 0.67% |
3,547,478
| – | – |
|
21
FS KKR Capital
FSK
$3.01B
| $10.5M | 0.58% |
567,773
+59,300
| +12% | +$1.12M |
|
|
RENT
22
Rent the Runway
RENT
$125M
| $9.65M | 0.53% |
169,384
| – | – |
|
23
Sixth Street Specialty
TSLX
$1.67B
| $7.15M | 0.4% |
390,898
+4,001
| +1% | +$74.2K |
|
24
Crescent Capital BDC
CCAP
$405M
| $6.41M | 0.35% |
470,319
-52,384
| -10% | -$759K |
|
|
SMC
25
Summit Midstream
SMC
$420M
| $5.32M | 0.29% |
346,628
-10,000
| -3% | -$169K |
|
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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 $151M 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.