Ares Capital
ARCC
338 hedge funds and large institutions have $2.41B invested in Ares Capital in 2014 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 143 increasing their positions, 104 reducing their positions, and 36 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 143 | Existing positions reduced: 104
1% less funds holding
Funds holding: 340 → 338 (-2)
3% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 36
11% less capital invested
Capital invested by funds: $2.71B → $2.41B (-$301M)
16% less call options, than puts
Call options by funds: $7.15M | Put options by funds: $8.52M
18% less funds holding in top 10
Funds holding in top 10: 17 → 14 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
+$24.9M |
| 2 |
Morgan Stanley
New York
|
+$20.7M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$20.5M |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$17.8M |
| 5 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$15.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$27.6M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$27.3M |
| 3 |
PAM
PartnerRe Asset Management
Greenwich,
Connecticut
|
-$21M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$19.2M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$16.5M |
ARCC Hedge Fund Activity: Q3 2014 in Review
338 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Ares Capital (ARCC) for Q3 2014, worth a combined $2.41B — down 11% from $2.71B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of ARCC and 35 opened new positions — a net loss of 1 holder — while 104 trimmed existing stakes and 143 added.
The largest buyer was Thornburg Investment Management, adding an estimated $24.9M. The largest seller was Lord, Abbett & Co, cutting an estimated $27.6M.
- 338 institutional investors held Ares Capital (ARCC) as of Q3 2014, down from 340 in Q2 2014.
- Funds reported $2.41B of Ares Capital stock for Q3 2014, down 11% quarter-over-quarter.
- 35 funds opened new Ares Capital positions in Q3 2014 and 36 closed out, a net change of -1 holder.
- The largest Ares Capital buyer in Q3 2014 was Thornburg Investment Management, an estimated $24.9M added.
- The largest Ares Capital seller in Q3 2014 was Lord, Abbett & Co, an estimated $27.6M sold.
Based on aggregated 13F filings for Q3 2014.