Zebra Capital Management’s Ares Capital ARCC Stock Holding History

Zebra Capital 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
2015 Q4	–	Sell	-18,144	Closed	-$263K	–	228
2015 Q3	$263K	Sell	18,144 -44,778	-71%	-$703K	0.16%	222
2015 Q2	$1.04M	Sell	62,922 -9,132	-13%	-$152K	0.6%	41
2015 Q1	$1.24M	Sell	72,054 -15,978	-18%	-$267K	0.64%	36
2014 Q4	$1.37M	Sell	88,032 -873	-1%	-$13.9K	0.53%	70
2014 Q3	$1.44M	Sell	88,905 -2,582	-3%	-$43.6K	0.57%	43
2014 Q2	$1.63M	Buy	91,487 +30,050	+49%	+$516K	0.63%	28
2014 Q1	$1.08M	Buy	61,437 +2,472	+4%	+$44.1K	0.45%	74
2013 Q4	$1.05M	Buy	58,965 +17,573	+42%	+$310K	0.54%	56
2013 Q3	$716K	Buy	41,392 +9,076	+28%	+$159K	0.56%	60
2013 Q2	$556K	Buy	+32,316	New	+$564K	0.46%	73

Other funds holding ARCC

TIM

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

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

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

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

VNIM

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

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

BAM

Burgundy Asset Management Toronto, Ontario, Canada $10.6B AUM 13.39% 1-Year Est. Return

CIM

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

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Janus Henderson Group London $209B AUM 37.72% 1-Year Est. Return

Zebra Capital Management's ARCC Position: Q4 2015 in Review

Zebra Capital Management sold out of Ares Capital (ARCC) in Q4 2015, closing a stake of 18,144 shares — an estimated $263K sold.

Zebra Capital Management first reported a position in ARCC in Q2 2013 and held it in 10 quarters. The position peaked at $1.63M in Q2 2014. 357 funds tracked by Wall St. Rank hold ARCC as of Q4 2015.

Zebra Capital Management reported no remaining Ares Capital position as of Q4 2015 after selling out during the quarter.
Zebra Capital Management sold 18,144 Ares Capital shares in Q4 2015, an estimated $263K.
Zebra Capital Management first reported a position in Ares Capital in Q2 2013 and held it in 10 quarters.
Zebra Capital Management's Ares Capital position peaked at $1.63M in Q2 2014.
357 funds tracked by Wall St. Rank held Ares Capital as of Q4 2015.

Based on Zebra Capital Management's 13F filing for Q4 2015, filed 12 Feb 2016.