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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
Canada Pension Plan Investment Board
76
Canada Pension Plan Investment Board
Ontario, Canada
$7.79M +$8.27M +499,990 +4,999,900%
PAIM
77
Punch & Associates Investment Management
Minnesota
$7.62M +$1.19M +71,742 +17%
GGPE
78
Golden Gate Private Equity
California
$7.46M +$844K +51,000 +12%
Thrivent Financial for Lutherans
79
Thrivent Financial for Lutherans
Minnesota
$7.45M +$175K +10,552 +2%
AA
80
ALPS Advisors
Colorado
$7.39M +$1.86M +112,200 +31%
SGCA
81
Steel Grove Capital Advisors
Tennessee
$7.15M +$155K +9,386 +2%
CFG
82
CNO Financial Group
Indiana
$7.09M
GC
83
Guggenheim Capital
Illinois
$6.89M -$1.78M -107,626 -20%
SRC
84
Shufro Rose & Co
New York
$6.37M +$6.76M +408,710 New
JAM
85
Jacobs Asset Management
New York
$6.23M
RJA
86
Raymond James & Associates
Florida
$6.13M -$58.7K -3,551 -0.9%
MHI
87
Miller Howard Investments
New York
$6.07M
AG
88
Advisor Group
Arizona
$6.01M +$2.14M +129,227 +50%
Boston Partners
89
Boston Partners
Massachusetts
$5.69M -$3.56M -215,031 -37%
PCA
90
PL Capital Advisors
Florida
$5.41M
NWM
91
Nicola Wealth Management
British Columbia, Canada
$5.32M +$4.14M +250,000 New
MDCM
92
Morgan Dempsey Capital Management
Wisconsin
$5.21M -$54.2K -3,279 -1%
BTS
93
BB&T Securities
Virginia
$5.07M +$661K +39,984 +14%
DLCIG
94
D.L. Carlson Investment Group
New Hampshire
$4.46M -$97K -5,861 -2%
AR
95
Advisory Research
Illinois
$4.43M -$880K -53,200 -16%
LTFS
96
Ladenburg Thalmann Financial Services
Florida
$4.43M +$717K +43,366 +18%
TG
97
TCW Group
California
$4.42M +$87.9K +5,311 +2%
FA
98
Financial Advantage
Maryland
$4.41M -$62.4K -3,770 -1%
Fidelity Investments
99
Fidelity Investments
Massachusetts
$4.39M -$6.59M -398,572 -59%
AL
100
AJO LP
Pennsylvania
$4.28M +$653K +39,463 +17%

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.