Border to Coast Pensions Partnership’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	$39.8M	Buy	2,200,000 +225,000	+11%	+$4.36M	0.67%	50
2025 Q4	$40M	Sell	1,975,000 -25,000	-1%	-$504K	0.7%	49
2025 Q3	$40.8M	Buy	2,000,000 +100,000	+5%	+$2.22M	0.71%	45
2025 Q2	$41.7M	Buy	1,900,000 +50,000	+3%	+$1.06M	0.77%	47
2025 Q1	$41M	Hold	1,850,000	–	–	0.84%	45
2024 Q4	$40.5M	Hold	1,850,000	–	–	0.79%	47
2024 Q3	$38.6M	Sell	1,850,000 -150,000	-8%	-$3.12M	0.79%	48
2024 Q2	$41.7M	Sell	2,000,000 -45,648	-2%	-$954K	0.98%	35
2024 Q1	$42.6M	Hold	2,045,648	–	–	0.95%	40
2023 Q4	$41M	Sell	2,045,648 -100,000	-5%	-$1.95M	1%	34
2023 Q3	$42.1M	Sell	2,145,648 -150,000	-7%	-$2.91M	1.12%	29
2023 Q2	$43.1M	Sell	2,295,648 -250,000	-10%	-$4.62M	1.08%	28
2023 Q1	$46.5M	Hold	2,545,648	–	–	1.25%	22
2022 Q4	$47M	Hold	2,545,648	–	–	1.51%	15
2022 Q3	$43M	Hold	2,545,648	–	–	1.39%	15
2022 Q2	$45.8M	Buy	2,545,648 +250,000	+11%	+$4.93M	1.42%	16
2022 Q1	$48M	Buy	+2,295,648	New	+$48.9M	1.37%	18