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Ares Capital

443 hedge funds and large institutions have $2.88B invested in Ares Capital in 2017 Q4 according to their latest regulatory filings, with 71 funds opening new positions, 150 increasing their positions, 139 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

103% more first-time investments, than exits

New positions opened: 71 | Existing positions closed: 35

8% more funds holding

Funds holding: 411443 (+32)

8% more repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 139

0.74% less ownership

Funds ownership: 43.65%42.91% (-0.74%)

6% less capital invested

Capital invested by funds: $3.05B → $2.88B (-$171M)

7% less funds holding in top 10

Funds holding in top 10: 1514 (-1)

78% less call options, than puts

Call options by funds: $11.4M | Put options by funds: $52.5M

Holders
443
Holders Change
+32
Holders Change %
+7.79%
% of All Funds
10.05%
Holding in Top 10
14
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-6.67%
% of All Funds
0.32%
New
71
Increased
150
Reduced
139
Closed
35
Calls
$11.4M
Puts
$52.5M
Net Calls
-$41.1M
Net Calls Change
+$5.5M
Name Holding Trade Value Shares
Change
Change in
Stake
TIM
1
Thornburg Investment Management
New Mexico
$241M +$92.6K +5,705 +0%
MC
2
Muzinich & Co
New York
$150M -$43.6M -2,683,915 -22%
Morgan Stanley
3
Morgan Stanley
New York
$108M -$474K -29,188 -0.4%
Ameriprise
4
Ameriprise
Minnesota
$92.5M +$2.45M +151,100 +3%
VNIM
5
Vaughan Nelson Investment Management
Texas
$92.1M -$1.81M -111,750 -2%
Principal Financial Group
6
Principal Financial Group
Iowa
$84.4M -$7.28M -448,313 -8%
CIM
7
Confluence Investment Management
Missouri
$80.9M +$1.67M +102,683 +2%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$80.2M +$12.3M +759,580 +17%
Wells Fargo
9
Wells Fargo
California
$75.3M -$3.06M -188,706 -4%
Arrowstreet Capital
10
Arrowstreet Capital
Massachusetts
$72.3M +$40.5M +2,494,297 +118%
Bank of Montreal
11
Bank of Montreal
Ontario, Canada
$60.1M -$830K -51,138 -1%
State of New Jersey Common Pension Fund D
12
State of New Jersey Common Pension Fund D
New Jersey
$56.6M
UBS Group
13
UBS Group
Switzerland
$46.1M -$8.6M -529,839 -15%
CWAM
14
Columbia Wanger Asset Management
Illinois
$40.1M +$4.8M +295,478 +13%
Fidelity Investments
15
Fidelity Investments
Massachusetts
$39.6M -$26.1M -1,605,942 -39%
CCP
16
Clough Capital Partners
Massachusetts
$39.4M -$5.41M -333,400 -12%
IP
17
Ironsides Partners
Massachusetts
$39.3M -$4.05M -249,500 -9%
Deutsche Bank
18
Deutsche Bank
Germany
$37.6M +$13.8M +847,942 +55%
Brown Advisory
19
Brown Advisory
Maryland
$36M +$354K +21,785 +1%
JVBC
20
J.V. Bruni & Co
Colorado
$35.8M +$5.53M +340,278 +18%
VanEck Associates
21
VanEck Associates
New York
$35.8M -$228K -14,037 -0.6%
ClearBridge Investments
22
ClearBridge Investments
New York
$34.2M -$12.5M -772,290 -26%
Bank of America
23
Bank of America
North Carolina
$32.4M +$17.2M +1,057,423 +105%
D.E. Shaw & Co
24
D.E. Shaw & Co
New York
$31.8M -$8.18M -503,528 -20%
AM
25
Ares Management
California
$31.7M -$1.06M -65,183 -3%

ARCC Hedge Fund Activity: Q4 2017 in Review

443 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Ares Capital (ARCC) for Q4 2017, worth a combined $2.88B — down 5.6% from $3.05B a quarter earlier.

Buyers outnumbered sellers: 71 funds opened new ARCC positions and 35 closed out — a net gain of 36 holders — while 150 added to existing stakes and 139 trimmed.

The largest buyer was Arrowstreet Capital, adding an estimated $40.5M. The largest seller was Muzinich & Co, cutting an estimated $43.6M.

  • 443 institutional investors held Ares Capital (ARCC) as of Q4 2017, up from 411 in Q3 2017.
  • Funds reported $2.88B of Ares Capital stock for Q4 2017, down 5.6% quarter-over-quarter.
  • 71 funds opened new Ares Capital positions in Q4 2017 and 35 closed out, a net change of +36 holders.
  • The largest Ares Capital buyer in Q4 2017 was Arrowstreet Capital, an estimated $40.5M added.
  • The largest Ares Capital seller in Q4 2017 was Muzinich & Co, an estimated $43.6M sold.

Based on aggregated 13F filings for Q4 2017.