Burgundy Asset Management’s Ares Capital ARCC Stock Holding History

Burgundy Asset Management’s Portfolio ARCC Stock Details ARCC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-2,329,924	Closed	-$33.1M	–	108
2016 Q2	$33.1M	Sell	2,329,924 -1,384,682	-37%	-$20.5M	0.33%	66
2016 Q1	$55.1M	Buy	3,714,606 +118,486	+3%	+$1.63M	0.57%	52
2015 Q4	$51.2M	Sell	3,596,120 -67,433	-2%	-$1.02M	0.56%	55
2015 Q3	$53M	Sell	3,663,553 -126,192	-3%	-$1.98M	0.59%	53
2015 Q2	$62.4M	Sell	3,789,745 -44,791	-1%	-$748K	0.68%	48
2015 Q1	$65.8M	Sell	3,834,536 -14,034	-0.4%	-$234K	0.73%	46
2014 Q4	$60.1M	Buy	3,848,570 +67,084	+2%	+$1.07M	0.66%	51
2014 Q3	$61.1M	Sell	3,781,486 -79,698	-2%	-$1.35M	0.73%	49
2014 Q2	$69M	Sell	3,861,184 -57,675	-1%	-$991K	0.81%	46
2014 Q1	$69M	Sell	3,918,859 -36,124	-0.9%	-$644K	0.84%	46
2013 Q4	$70.3M	Sell	3,954,983 -66,040	-2%	-$1.16M	0.88%	48
2013 Q3	$69.5M	Buy	4,021,023 +20,289	+0.5%	+$355K	1.09%	43
2013 Q2	$68.8M	Buy	+4,000,734	New	+$69.8M	1.17%	39

Other funds holding ARCC

Thornburg Investment Management Santa Fe, New Mexico $9.63B AUM 35.65% 1-Year Est. Return

Fidelity Investments

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Vaughan Nelson Investment Management Houston, Texas $9.96B AUM 41% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $431B AUM 30.22% 1-Year Est. Return

State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D Trenton, New Jersey $25.9B AUM 26.38% 1-Year Est. Return

Confluence Investment Management St. Louis, Missouri $6.4B AUM 9.79% 1-Year Est. Return

Muzinich & Co New York $286M AUM 21.05% 1-Year Est. Return

Wells Fargo San Francisco, California $501B AUM 22.01% 1-Year Est. Return

Delphi Financial Group Wilmington, Delaware $222M AUM 11.28% 1-Year Est. Return