Dark Forest Capital Management’s Ares Management ARES Stock Holding History

Dark Forest Capital Management’s Portfolio ARES Stock Details ARES Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-20,569	Closed	-$3.29M	–	967
2025 Q3	$3.29M	Sell	20,569 -21,101	-51%	-$3.81M	0.12%	260
2025 Q2	$7.22M	Buy	41,670 +17,420	+72%	+$2.75M	0.29%	41
2025 Q1	$3.56M	Buy	24,250 +13,843	+133%	+$2.39M	0.16%	155
2024 Q4	$1.84M	Buy	+10,407	New	+$1.78M	0.27%	54
2024 Q3	–	Sell	-2,565	Closed	-$342K	–	957
2024 Q2	$342K	Buy	+2,565	New	+$350K	0.06%	399
2023 Q4	–	Sell	-10,141	Closed	-$1.04M	–	492
2023 Q3	$1.04M	Buy	+10,141	New	+$1.03M	0.08%	389
2022 Q4	–	Sell	-37,102	Closed	-$2.3M	–	1137
2022 Q3	$2.3M	Buy	+37,102	New	+$2.59M	0.39%	54
2022 Q1	–	Sell	-64	Closed	-$5K	–	1264
2021 Q4	$5K	Buy	+64	New	+$5.21K	﹤0.01%	1137

Other funds holding ARES

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

SMFG

Sumitomo Mitsui Financial Group Tokyo, Japan $4.94B AUM 1.39% 1-Year Est. Return

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

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

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

Dark Forest Capital Management's ARES Position: Q4 2025 in Review

Dark Forest Capital Management sold out of Ares Management (ARES) in Q4 2025, closing a stake of 20,569 shares — an estimated $3.29M sold.

Dark Forest Capital Management first reported a position in ARES in Q4 2021 and held it in 8 quarters. The position peaked at $7.22M in Q2 2025. 827 funds tracked by Wall St. Rank hold ARES as of Q4 2025.

Dark Forest Capital Management reported no remaining Ares Management position as of Q4 2025 after selling out during the quarter.
Dark Forest Capital Management sold 20,569 Ares Management shares in Q4 2025, an estimated $3.29M.
Dark Forest Capital Management first reported a position in Ares Management in Q4 2021 and held it in 8 quarters.
Dark Forest Capital Management's Ares Management position peaked at $7.22M in Q2 2025.
827 funds tracked by Wall St. Rank held Ares Management as of Q4 2025.

Based on Dark Forest Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.