Penn Mutual Life Insurance’s Ares Capital ARCC Stock Holding History

Penn Mutual Life Insurance’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 Q2	$10.2M	Sell	623,000 -125,000	-17%	-$2.05M	8.19%	5
2018 Q1	$11.9M	Buy	748,000 +125,000	+20%	+$1.98M	8.53%	6
2017 Q4	$9.79M	Sell	623,000 -30,000	-5%	-$487K	9.93%	4
2017 Q3	$10.7M	Buy	653,000 +163,000	+33%	+$2.64M	7.3%	5
2017 Q2	$8.03M	Buy	+490,000	New	+$8.26M	7.05%	6
2017 Q1	–	Sell	-509,000	Closed	-$8.4M	–	22
2016 Q4	$8.4M	Hold	509,000	–	–	6.87%	5
2016 Q3	$7.9M	Hold	509,000	–	–	5.77%	6
2016 Q2	$7.23M	Buy	509,000 +140,000	+38%	+$2.08M	5.23%	6
2016 Q1	$5.48M	Hold	369,000	–	–	4.63%	9
2015 Q4	$5.26M	Hold	369,000	–	–	5.4%	8
2015 Q3	$5.35M	Hold	369,000	–	–	4.79%	9
2015 Q2	$6.08M	Hold	369,000	–	–	5.04%	10
2015 Q1	$6.34M	Buy	369,000 +30,000	+9%	+$501K	5.26%	9
2014 Q4	$5.3M	Buy	+339,000	New	+$5.41M	6.29%	7

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

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

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

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

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

Millennium Management New York $276B AUM 44.8% 1-Year Est. Return

Penn Mutual Life Insurance's ARCC Position: Q2 2018 in Review

Penn Mutual Life Insurance reduced its Ares Capital (ARCC) stake by 17% in Q2 2018, selling an estimated $2.05M and leaving 623,000 shares worth $10.2M. The position accounts for 8.19% of the portfolio, ranked #5.

Penn Mutual Life Insurance first reported a position in ARCC in Q4 2014 and has held it in 14 quarters since. The position peaked at $11.9M in Q1 2018. 446 funds tracked by Wall St. Rank hold ARCC as of Q2 2018.

Penn Mutual Life Insurance held 623,000 shares of Ares Capital worth $10.2M as of Q2 2018.
Penn Mutual Life Insurance sold 125,000 Ares Capital shares in Q2 2018, an estimated $2.05M.
Ares Capital made up 8.19% of Penn Mutual Life Insurance's portfolio in Q2 2018, its #5 holding.
Penn Mutual Life Insurance first reported a position in Ares Capital in Q4 2014 and has held it in 14 quarters since.
Penn Mutual Life Insurance's Ares Capital position peaked at $11.9M in Q1 2018.
446 funds tracked by Wall St. Rank held Ares Capital as of Q2 2018.

Based on Penn Mutual Life Insurance's 13F filing for Q2 2018, filed 9 Aug 2018.