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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
DC
51
DPM Capital
Florida
$11.3M +$12M +723,300 New
PC
52
Polar Capital
United Kingdom
$11.2M -$165K -10,000 -1%
CS
53
Credit Suisse
Switzerland
$11M -$8.65M -522,878 -43%
Invesco
54
Invesco
Georgia
$11M -$402K -24,286 -3%
C
55
Cliffwater
California
$10.9M +$3.65M +220,742 +46%
JMPWA
56
JP Morgan Private Wealth Advisors
California
$10.8M -$366K -22,094 -3%
Susquehanna International Group
57
Susquehanna International Group
Pennsylvania
$10.7M -$6.36M -384,227 -36%
Arrowstreet Capital
58
Arrowstreet Capital
Massachusetts
$10.6M -$10.3M -622,612 -48%
LSV Asset Management
59
LSV Asset Management
Illinois
$10.6M +$821K +49,600 +8%
EIA
60
Edgemoor Investment Advisors
Maryland
$10.6M +$22K +1,327 +0.2%
Wellington Management Group
61
Wellington Management Group
Massachusetts
$10.2M -$4.87M -294,625 -31%
Citadel Advisors
62
Citadel Advisors
Florida
$10.2M -$4.04M -244,254 -27%
Skandinaviska Enskilda Banken (SEB)
63
Skandinaviska Enskilda Banken (SEB)
Sweden
$10.1M -$215K -13,000 -2%
SBH
64
Segall Bryant & Hamill
Illinois
$9.61M +$13.2K +797 +0.1%
MCM
65
McKinley Capital Management
Alaska
$9.57M -$6.02K -364 -0.1%
NIMC
66
NWQ Investment Management Company
California
$9.28M +$352K +21,300 +4%
RA
67
Resource America
New York
$9.12M +$2.97M +179,625 +44%
AIA
68
Avalon Investment & Advisory
Texas
$9.05M -$345K -20,849 -3%
BWFA
69
Baltimore-Washington Financial Advisors
Maryland
$8.98M +$205K +12,413 +2%
AAM
70
Advisors Asset Management
Colorado
$8.52M +$530K +32,007 +6%
Aberdeen Group
71
Aberdeen Group
United Kingdom
$8.46M -$8.62M -520,800 -49%
Loomis, Sayles & Company
72
Loomis, Sayles & Company
Massachusetts
$8.22M -$309K -18,692 -3%
Caisse de Depot et Placement du Quebec (CDPQ)
73
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$8.15M +$2.48M +150,000 +40%
GC
74
Gilbert & Cook
Iowa
$7.96M +$1.15M +69,720 +16%
TC
75
Telemus Capital
Michigan
$7.87M +$719K +43,485 +9%

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.