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Ares Capital

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.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 80 | Existing positions closed: 58

4% more funds holding

Funds holding: 451469 (+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: 1514 (-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

Holders
469
Holders Change
+18
Holders Change %
+3.99%
% of All Funds
10.45%
Holding in Top 10
14
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-6.67%
% of All Funds
0.31%
New
80
Increased
149
Reduced
161
Closed
58
Calls
$32.2M
Puts
$54M
Net Calls
-$21.9M
Net Calls Change
+$6.89M
Name Holding Trade Value Shares
Change
Change in
Stake
Natixis Advisors
26
Natixis Advisors
Massachusetts
$26.2M +$4.19M +253,411 +18%
ACM
27
Advisors Capital Management
New Jersey
$25.4M -$198K -11,980 -0.7%
Citigroup
28
Citigroup
New York
$24.7M -$1.96M -118,584 -7%
Two Sigma Investments
29
Two Sigma Investments
New York
$22.4M -$10.4M -628,673 -30%
JP Morgan Chase
30
JP Morgan Chase
New York
$21.4M +$1.74M +105,129 +8%
Millennium Management
31
Millennium Management
New York
$21.2M +$5.93M +358,323 +36%
Deutsche Bank
32
Deutsche Bank
Germany
$21.2M -$44.9M -2,712,385 -67%
PGH
33
Partners Group Holding
Switzerland
$21.1M -$3.21M -193,806 -13%
Ninety One (UK)
34
Ninety One (UK)
United Kingdom
$20.9M +$22.2M +1,342,807 New
VLKIM
35
Van Lanschot Kempen Investment Management
Netherlands
$18.5M -$650K -39,260 -3%
HighTower Advisors
36
HighTower Advisors
Illinois
$18.2M -$2.28M -138,099 -11%
ClearBridge Investments
37
ClearBridge Investments
New York
$17.2M -$8M -483,540 -30%
Stifel Financial
38
Stifel Financial
Missouri
$17.1M +$1.01M +61,174 +6%
MGAM
39
McGowan Group Asset Management
Texas
$17M +$14.6K +882 +0.1%
Nomura Holdings
40
Nomura Holdings
Japan
$16.9M +$1.23M +74,189 +7%
PFMOSF
41
Philadelphia Financial Management of San Francisco
California
$16.9M +$1.73M +104,866 +11%
NSCM
42
New South Capital Management
Tennessee
$16.2M +$5.09M +307,872 +42%
FIM
43
Frontier Investment Management
Texas
$15.3M +$426K +25,757 +3%
BlackRock
44
BlackRock
New York
$14.9M -$805K -48,630 -5%
Neuberger Berman Group
45
Neuberger Berman Group
New York
$14.7M -$5.82M -351,667 -27%
SIS
46
Sound Income Strategies
Florida
$14.3M +$568K +34,325 +4%
California Public Employees Retirement System
47
California Public Employees Retirement System
California
$14.2M -$1.74M -105,300 -10%
LPL Financial
48
LPL Financial
California
$13.9M -$475K -28,694 -3%
Nomura Asset Management
49
Nomura Asset Management
Japan
$12M +$512K +30,935 +4%
CIP
50
Chartwell Investment Partners
Pennsylvania
$11.8M +$76.2K +4,608 +0.6%

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.