Ironsides Partners’s Ares Capital ARCC Stock Holding History

Ironsides Partners’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
2018 Q3	–	Sell	-700,000	Closed	-$11.5M	–	5
2018 Q2	$11.5M	Sell	700,000 -612,224	-47%	-$10.1M	17%	2
2018 Q1	$20.8M	Sell	1,312,224 -1,188,276	-48%	-$18.8M	25.86%	1
2017 Q4	$39.3M	Sell	2,500,500 -249,500	-9%	-$4.05M	46.03%	1
2017 Q3	$45.1M	Hold	2,750,000	–	–	51.08%	1
2017 Q2	$45M	Buy	2,750,000 +997,382	+57%	+$16.8M	46.72%	1
2017 Q1	$30.5M	Buy	1,752,618 +1,502,568	+601%	+$26M	27.76%	1
2016 Q4	$4.12M	Buy	+250,050	New	+$3.94M	2.03%	13

Other funds holding ARCC

TIM

Thornburg Investment Management Santa Fe, New Mexico $10.5B AUM 30.38% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

VNIM

Vaughan Nelson Investment Management Houston, Texas $11.3B AUM 53% 1-Year Est. Return

CIM

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

Deutsche Bank Frankfurt Am Main Ge, Germany $344B AUM 42.99% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

D.E. Shaw & Co New York $210B AUM 57.28% 1-Year Est. Return

Muzinich & Co New York $293M AUM 18.57% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $495B AUM 43.24% 1-Year Est. Return

Ironsides Partners's ARCC Position: Q3 2018 in Review

Ironsides Partners sold out of Ares Capital (ARCC) in Q3 2018, closing a stake of 700,000 shares — an estimated $11.5M sold.

Ironsides Partners first reported a position in ARCC in Q4 2016 and held it in 7 quarters. The position peaked at $45.1M in Q3 2017. 451 funds tracked by Wall St. Rank hold ARCC as of Q3 2018.

Ironsides Partners reported no remaining Ares Capital position as of Q3 2018 after selling out during the quarter.
Ironsides Partners sold 700,000 Ares Capital shares in Q3 2018, an estimated $11.5M.
Ironsides Partners first reported a position in Ares Capital in Q4 2016 and held it in 7 quarters.
Ironsides Partners's Ares Capital position peaked at $45.1M in Q3 2017.
451 funds tracked by Wall St. Rank held Ares Capital as of Q3 2018.

Based on Ironsides Partners's 13F filing for Q3 2018, filed 14 Nov 2018.