Baldwin Investment Management’s Ares Capital ARCC Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$1.08M	Sell	60,192 -1,383	-2%	-$26.8K	0.13%	94
2025 Q4	$1.25M	Buy	61,575 +805	+1%	+$16.2K	0.14%	88
2025 Q3	$1.24M	Buy	60,770 +6,103	+11%	+$136K	0.14%	91
2025 Q2	$1.2M	Sell	54,667 -297	-0.5%	-$6.32K	0.14%	93
2025 Q1	$1.22M	Buy	54,964 +5,343	+11%	+$121K	0.15%	88
2024 Q4	$1.09M	Sell	49,621 -1,053	-2%	-$22.7K	0.14%	93
2024 Q3	$1.06M	Sell	50,674 -3,613	-7%	-$75K	0.13%	106
2024 Q2	$1.13M	Sell	54,287 -44	-0.1%	-$919	0.15%	96
2024 Q1	$1.13M	Buy	54,331 +6,465	+14%	+$131K	0.15%	102
2023 Q4	$959K	Buy	47,866 +2,205	+5%	+$43K	0.15%	96
2023 Q3	$889K	Buy	45,661 +328	+0.7%	+$6.36K	0.15%	99
2023 Q2	$852K	Buy	45,333 +1,753	+4%	+$32.4K	0.14%	102
2023 Q1	$796K	Buy	43,580 +2,550	+6%	+$48.2K	0.14%	105
2022 Q4	$758K	Buy	41,030 +1,005	+3%	+$18.9K	0.14%	104
2022 Q3	$676	Sell	40,025 -1,000	-2%	-$19.3K	0.14%	107
2022 Q2	$736	Buy	41,025 +14,525	+55%	+$286K	0.14%	111
2022 Q1	$555	Buy	+26,500	New	+$565K	0.08%	145