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Ares Capital

708 hedge funds and large institutions have $3.74B invested in Ares Capital in 2023 Q4 according to their latest regulatory filings, with 105 funds opening new positions, 270 increasing their positions, 203 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

156% more first-time investments, than exits

New positions opened: 105 | Existing positions closed: 41

33% more repeat investments, than reductions

Existing positions increased: 270 | Existing positions reduced: 203

15% more capital invested

Capital invested by funds: $3.25B → $3.74B (+$489M)

14% more funds holding in top 10

Funds holding in top 10: 1416 (+2)

8% more funds holding

Funds holding: 655708 (+53)

2.82% more ownership

Funds ownership: 29.98%32.79% (+2.8%)

58% less call options, than puts

Call options by funds: $64.3M | Put options by funds: $153M

Holders
708
Holders Change
+53
Holders Change %
+8.09%
% of All Funds
10.32%
Holding in Top 10
16
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+14.29%
% of All Funds
0.23%
New
105
Increased
270
Reduced
203
Closed
41
Calls
$64.3M
Puts
$153M
Net Calls
-$88.6M
Net Calls Change
-$12M
Name Holding Trade Value Shares
Change
Change in
Stake
LCP
51
LGT Capital Partners
Switzerland
$13.4M +$731K +37,500 +6%
DADC
52
D.A. Davidson & Co
Montana
$13.1M -$1.49M -76,580 -11%
Baird Financial Group
53
Baird Financial Group
Wisconsin
$12.7M -$468K -24,004 -4%
SA
54
Sage Advisors
Colorado
$12.5M +$12.2M +625,521 New
CIP
55
Chartwell Investment Partners
Pennsylvania
$12.2M -$82.3K -4,218 -0.7%
Neuberger Berman Group
56
Neuberger Berman Group
New York
$12.1M -$206K -10,562 -2%
MCM
57
McKinley Capital Management
Alaska
$11.9M +$330K +16,937 +3%
NSCM
58
New South Capital Management
Tennessee
$11.8M -$307K -15,715 -3%
TG
59
TCW Group
California
$11.8M -$1.91M -97,904 -14%
PGH
60
Partners Group Holding
Switzerland
$11.6M
RJFSA
61
Raymond James Financial Services Advisors
Florida
$11.1M +$2.38M +122,229 +28%
Qube Research & Technologies (QRT)
62
Qube Research & Technologies (QRT)
United Kingdom
$10.7M +$1.62M +83,267 +19%
ECG
63
Edge Capital Group
Georgia
$10.5M +$9.79M +501,868 +2,058%
Millennium Management
64
Millennium Management
New York
$10.4M -$5.87M -300,836 -37%
ECM
65
Evergreen Capital Management
Washington
$10.4M +$255K +13,099 +3%
CIBC Private Wealth Group
66
CIBC Private Wealth Group
Georgia
$10M +$161K +8,266 +2%
Skandinaviska Enskilda Banken (SEB)
67
Skandinaviska Enskilda Banken (SEB)
Sweden
$9.64M
BB
68
Bell Bank
North Dakota
$9.64M +$136K +6,989 +1%
GL
69
Graypoint LLC
New York
$9.06M
Connor, Clark & Lunn Investment Management (CC&L)
70
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$8.96M -$4.91M -251,734 -36%
EL
71
EMFO LLC
Florida
$8.94M -$303K -15,560 -3%
CS
72
Credit Suisse
Switzerland
$8.87M
PCM
73
Palisade Capital Management
New Jersey
$8.74M
GIM
74
Greenwich Investment Management
Connecticut
$8.28M -$122K -6,253 -1%
NFC
75
Northeast Financial Consultants
Connecticut
$8.18M +$1.45M +74,423 +22%

ARCC Hedge Fund Activity: Q4 2023 in Review

708 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Ares Capital (ARCC) for Q4 2023, worth a combined $3.74B — up 15% from $3.25B a quarter earlier.

Buyers outnumbered sellers: 105 funds opened new ARCC positions and 41 closed out — a net gain of 64 holders — while 270 added to existing stakes and 203 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $301M. The largest seller was Royal Bank of Canada, cutting an estimated $17.5M.

  • 708 institutional investors held Ares Capital (ARCC) as of Q4 2023, up from 655 in Q3 2023.
  • Funds reported $3.74B of Ares Capital stock for Q4 2023, up 15% quarter-over-quarter.
  • 105 funds opened new Ares Capital positions in Q4 2023 and 41 closed out, a net change of +64 holders.
  • The largest Ares Capital buyer in Q4 2023 was Morgan Stanley, an estimated $301M added.
  • The largest Ares Capital seller in Q4 2023 was Royal Bank of Canada, an estimated $17.5M sold.

Based on aggregated 13F filings for Q4 2023.