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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
+11.57%
1 Year Est. Return
+12.97%
3 Year Est. Return
-16%
5 Year Est. Return
-16.49%
10 Year Est. Return
+207.56%
AUM
$4.12B
AUM Growth
+$256M
Cap. Flow
+$269B
Cap. Flow %
6,526.37%
Top 10 Hldgs %
92.8%
Holding
45
New
5
Increased
12
Reduced
3
Closed
5

Top Buys

Rank Stock Value
1
XHG
XChange TEC
XHG
+$269B
2
YJ
Yunji
YJ
+$169M
3
FYBR
Frontier Communications
FYBR
+$6.06M
4
RWAY icon
Runway Growth Finance
RWAY
+$3.69M
5
FSK icon
FS KKR Capital
FSK
+$2.28M

Top Sells

Rank Stock Value
1
AZEK
The AZEK Co
AZEK
+$41.3M
2
DBD icon
Diebold Nixdorf
DBD
+$4.47M
3
PNNT
Pennant Park Investment Corp
PNNT
+$2.94M
4
AR icon
Antero Resources
AR
+$2.11M
5
EXE
Expand Energy Corp
EXE
+$1.47M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 58.66%
2 Communication Services 26.65%
3 Financials 6.69%
4 Energy 4.02%
5 Healthcare 0.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SVV icon
1
Savers
SVV
$1.89B
$2.34B 56.75%
134,659,188
– –
FYBR
2
DELISTED
Frontier Communications
FYBR
$986M 23.91%
38,912,895
+300,000
+0.8% +$6.06M
CRC icon
3
California Resources
CRC
$4.85B
$148M 3.58%
2,699,385
– –
CCO icon
4
Clear Channel Outdoor Holdings
CCO
$1.23B
$102M 2.46%
55,829,046
– –
SPY icon
5
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$61.8M 1.5%
+130,000
New +$57.9M
GBTG icon
6
American Express Global Business Travel
GBTG
$4.94B
$58.2M 1.41%
9,016,773
+231,457
+3% +$1.32M
ARCC icon
7
Ares Capital
ARCC
$14.3B
$38.5M 0.93%
1,922,685
+93,146
+5% +$1.82M
BBDC icon
8
Barings BDC
BBDC
$978M
$37.3M 0.9%
4,347,514
+25,103
+0.6% +$223K
CTEV
9
Claritev Corp
CTEV
$587M
$28.1M 0.68%
487,527
– –
GBDC icon
10
Golub Capital BDC
GBDC
$3.4B
$27.6M 0.67%
1,826,028
+18,379
+1% +$270K
BXSL icon
11
Blackstone Secured Lending
BXSL
$5.62B
$25.7M 0.62%
928,508
+15,796
+2% +$436K
OBDC icon
12
Blue Owl Capital
OBDC
$5.66B
$25.3M 0.61%
1,717,119
+54,981
+3% +$781K
OCSL icon
13
Oaktree Specialty Lending
OCSL
$1.12B
$23.4M 0.57%
1,144,348
+66,500
+6% +$1.31M
PNNT
14
Pennant Park Investment Corp
PNNT
$242M
$22M 0.53%
3,186,525
-455,099
-12% -$2.94M
SLRC icon
15
SLR Investment Corp
SLRC
$706M
$20.6M 0.5%
1,371,455
– –
ARKO icon
16
ARKO Corp
ARKO
$532M
$17.4M 0.42%
2,110,000
– –
USO icon
17
CALL
United States Oil Fund
USO
$1.77B
$17.3M 0.42%
+260,000
New +$18.9M
FSK icon
18
FS KKR Capital
FSK
$3.35B
$17.3M 0.42%
867,613
+116,000
+15% +$2.28M
OPAL icon
19
OPAL Fuels
OPAL
$78.9M
$16.9M 0.41%
3,059,533
– –
TSLX icon
20
Sixth Street Specialty
TSLX
$1.79B
$16.6M 0.4%
768,148
-7,750
-1% -$159K
BKCC
21
DELISTED
BlackRock Capital Investment Corporation
BKCC
$16.4M 0.4%
4,231,172
– –
VNET
22
VNET Group
VNET
$2.13B
$16.1M 0.39%
5,604,821
– –
OPTU
23
Optimum Communications Inc
OPTU
$305M
$11.5M 0.28%
3,547,478
– –
SBOW
24
DELISTED
SilverBow Resources, Inc.
SBOW
$11.5M 0.28%
395,897
– –
CCAP icon
25
Crescent Capital BDC
CCAP
$430M
$8.17M 0.2%
470,319
– –
1
2

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Ares Management's Q4 2023 Portfolio in Review

As of Q4 2023, Ares Management held 45 positions worth $4.12B, up 6.6% from $3.87B the previous quarter. Its ten largest holdings account for 93% of the portfolio.

Ares Management deployed $269B of net new capital in Q4 2023, opening 5 new positions and adding to 12 existing holdings. Its largest new stake was XChange TEC: 104,932,213 shares worth $140K.

By sector, the portfolio is most concentrated in Consumer Discretionary at 59% of assets, down from 67% a quarter earlier, followed by Communication Services and Financials.

On the sell side, the largest reduction was Diebold Nixdorf, an estimated $4.47M trimmed.

  • Ares Management's largest Q4 2023 buy was XChange TEC: 104,932,213 shares worth $140K.
  • Ares Management added most to Frontier Communications in Q4 2023, an estimated $6.06M increase.
  • Ares Management's biggest Q4 2023 reduction was Diebold Nixdorf, cutting an estimated $4.47M.
  • Ares Management fully exited The AZEK Co in Q4 2023, selling an estimated $41.3M.
  • Ares Management's ten largest holdings make up 93% of its $4.12B portfolio in Q4 2023.
  • Ares Management opened 5 new positions and closed 5 in Q4 2023.
  • Ares Management's portfolio value rose 6.6% quarter-over-quarter to $4.12B.

Based on Ares Management's 13F filing for Q4 2023, filed 14 Feb 2024.