Ares Capital
ARCC
426 hedge funds and large institutions have $3.45B invested in Ares Capital in 2017 Q1 according to their latest regulatory filings, with 85 funds opening new positions, 181 increasing their positions, 94 reducing their positions, and 27 closing their positions.
215% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 27
93% more repeat investments, than reductions
Existing positions increased: 181 | Existing positions reduced: 94
21% more capital invested
Capital invested by funds: $2.84B → $3.45B (+$608M)
14% more funds holding
Funds holding: 373 → 426 (+53)
9% more funds holding in top 10
Funds holding in top 10: 23 → 25 (+2)
8.3% less ownership
Funds ownership: 54.94% → 46.64% (-8.3%)
22% less call options, than puts
Call options by funds: $29.9M | Put options by funds: $38.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Muzinich & Co
New York
|
+$93.9M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
+$39.3M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
+$38.8M |
| 4 |
BlackRock
New York
|
+$34.9M |
| 5 |
D.E. Shaw & Co
New York
|
+$31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$30.9M |
| 2 |
LMGAM
Liberty Mutual Group Asset Management
Boston,
Massachusetts
|
-$18.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$13.8M |
| 4 |
EM
Elliott Management
New York
|
-$11.5M |
| 5 |
LCP
Lombardia Capital Partners
Pasadena,
California
|
-$9.71M |
ARCC Hedge Fund Activity: Q1 2017 in Review
426 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Ares Capital (ARCC) for Q1 2017, worth a combined $3.45B — up 21% from $2.84B a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new ARCC positions and 27 closed out — a net gain of 58 holders — while 181 added to existing stakes and 94 trimmed.
The largest buyer was Muzinich & Co, adding an estimated $93.9M. The largest seller was Amundi Asset Management US, cutting an estimated $30.9M.
- 426 institutional investors held Ares Capital (ARCC) as of Q1 2017, up from 373 in Q4 2016.
- Funds reported $3.45B of Ares Capital stock for Q1 2017, up 21% quarter-over-quarter.
- 85 funds opened new Ares Capital positions in Q1 2017 and 27 closed out, a net change of +58 holders.
- The largest Ares Capital buyer in Q1 2017 was Muzinich & Co, an estimated $93.9M added.
- The largest Ares Capital seller in Q1 2017 was Amundi Asset Management US, an estimated $30.9M sold.
Based on aggregated 13F filings for Q1 2017.