Ares Capital
ARCC
469 hedge funds and large institutions have $2.6B invested in Ares Capital in 2018 Q4 according to their latest regulatory filings, with 80 funds opening new positions, 149 increasing their positions, 161 reducing their positions, and 58 closing their positions.
38% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 58
4% more funds holding
Funds holding: 451 → 469 (+18)
0.46% less ownership
Funds ownership: 39.78% → 39.33% (-0.46%)
7% less repeat investments, than reductions
Existing positions increased: 149 | Existing positions reduced: 161
7% less funds holding in top 10
Funds holding in top 10: 15 → 14 (-1)
11% less capital invested
Capital invested by funds: $2.92B → $2.6B (-$318M)
40% less call options, than puts
Call options by funds: $32.2M | Put options by funds: $54M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninety One (UK)
London,
United Kingdom
|
+$22.2M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$21.6M |
| 3 |
Goldman Sachs
New York
|
+$17.9M |
| 4 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
+$10.5M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
+$8.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$44.9M |
| 2 |
Comerica Bank
Dallas,
Texas
|
-$13.4M |
| 3 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$10.8M |
| 4 |
Two Sigma Investments
New York
|
-$10.4M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$10.3M |
ARCC Hedge Fund Activity: Q4 2018 in Review
469 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Ares Capital (ARCC) for Q4 2018, worth a combined $2.6B — down 11% from $2.92B a quarter earlier.
Buyers outnumbered sellers: 80 funds opened new ARCC positions and 58 closed out — a net gain of 22 holders — while 149 added to existing stakes and 161 trimmed.
The largest buyer was Ninety One (UK), opening a new position worth an estimated $22.2M. The largest seller was Deutsche Bank, cutting an estimated $44.9M.
- 469 institutional investors held Ares Capital (ARCC) as of Q4 2018, up from 451 in Q3 2018.
- Funds reported $2.6B of Ares Capital stock for Q4 2018, down 11% quarter-over-quarter.
- 80 funds opened new Ares Capital positions in Q4 2018 and 58 closed out, a net change of +22 holders.
- The largest Ares Capital buyer in Q4 2018 was Ninety One (UK), an estimated $22.2M added.
- The largest Ares Capital seller in Q4 2018 was Deutsche Bank, an estimated $44.9M sold.
Based on aggregated 13F filings for Q4 2018.