Ares Capital
ARCC
340 hedge funds and large institutions have $2.75B invested in Ares Capital in 2014 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 152 increasing their positions, 99 reducing their positions, and 34 closing their positions.
54% more repeat investments, than reductions
Existing positions increased: 152 | Existing positions reduced: 99
42% more funds holding in top 10
Funds holding in top 10: 12 → 17 (+5)
28% more call options, than puts
Call options by funds: $10.2M | Put options by funds: $7.96M
3% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 34
1% more capital invested
Capital invested by funds: $2.71B → $2.75B (+$38.3M)
0% less funds holding
Funds holding: 341 → 340 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$130M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
+$21.7M |
| 3 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
+$20.3M |
| 4 |
Goldman Sachs
New York
|
+$19.6M |
| 5 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$17.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$124M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$45.4M |
| 3 |
Two Sigma Investments
New York
|
-$21.6M |
| 4 |
Millennium Management
New York
|
-$21.2M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$20.9M |
ARCC Hedge Fund Activity: Q1 2014 in Review
340 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Ares Capital (ARCC) for Q1 2014, worth a combined $2.75B — up 1.4% from $2.71B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new ARCC positions and 34 closed out — a net gain of 1 holder — while 152 added to existing stakes and 99 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $130M. The largest seller was Toronto Dominion Bank, cutting an estimated $124M.
- 340 institutional investors held Ares Capital (ARCC) as of Q1 2014, down from 341 in Q4 2013.
- Funds reported $2.75B of Ares Capital stock for Q1 2014, up 1.4% quarter-over-quarter.
- 35 funds opened new Ares Capital positions in Q1 2014 and 34 closed out, a net change of +1 holder.
- The largest Ares Capital buyer in Q1 2014 was Fidelity Investments, an estimated $130M added.
- The largest Ares Capital seller in Q1 2014 was Toronto Dominion Bank, an estimated $124M sold.
Based on aggregated 13F filings for Q1 2014.