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Ares Capital

441 hedge funds and large institutions have $2.78B invested in Ares Capital in 2018 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 163 increasing their positions, 143 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

81% more call options, than puts

Call options by funds: $33.1M | Put options by funds: $18.3M

21% more funds holding in top 10

Funds holding in top 10: 1417 (+3)

14% more repeat investments, than reductions

Existing positions increased: 163 | Existing positions reduced: 143

0% less funds holding

Funds holding: 443441 (-2)

2% less first-time investments, than exits

New positions opened: 46 | Existing positions closed: 47

4% less capital invested

Capital invested by funds: $2.88B → $2.78B (-$101M)

1.63% less ownership

Funds ownership: 42.91%41.28% (-1.6%)

Holders
441
Holders Change
-2
Holders Change %
-0.45%
% of All Funds
10.11%
Holding in Top 10
17
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+21.43%
% of All Funds
0.39%
New
46
Increased
163
Reduced
143
Closed
47
Calls
$33.1M
Puts
$18.3M
Net Calls
+$14.8M
Net Calls Change
+$55.9M
Name Holding Trade Value Shares
Change
Change in
Stake
TIM
1
Thornburg Investment Management
New Mexico
$240M -$2.43M -153,555 -1%
Morgan Stanley
2
Morgan Stanley
New York
$120M +$10.7M +677,655 +10%
MC
3
Muzinich & Co
New York
$109M -$41.8M -2,638,244 -28%
VNIM
4
Vaughan Nelson Investment Management
Texas
$92.8M -$230K -14,500 -0.2%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$92.3M +$11.3M +712,970 +14%
Ameriprise
6
Ameriprise
Minnesota
$91.5M -$1.81M -113,973 -2%
CIM
7
Confluence Investment Management
Missouri
$83.9M +$2.23M +140,421 +3%
Wells Fargo
8
Wells Fargo
California
$80.6M +$4.59M +289,719 +6%
Deutsche Bank
9
Deutsche Bank
Germany
$54.5M +$16.5M +1,040,895 +44%
Bank of Montreal
10
Bank of Montreal
Ontario, Canada
$50.3M -$10.3M -650,231 -17%
UBS Group
11
UBS Group
Switzerland
$45.9M -$562K -35,465 -1%
OAC
12
OMERS Administration Corp
Ontario, Canada
$42.6M +$11.1M +697,640 +35%
Arrowstreet Capital
13
Arrowstreet Capital
Massachusetts
$41.1M -$31.8M -2,008,447 -44%
JVBC
14
J.V. Bruni & Co
Colorado
$38.5M +$2.35M +148,192 +6%
CCP
15
Clough Capital Partners
Massachusetts
$37.3M -$2.53M -159,400 -6%
AM
16
Ares Management
California
$36.8M +$4.78M +301,713 +15%
Brown Advisory
17
Brown Advisory
Maryland
$36.7M +$351K +22,145 +1%
Fidelity Investments
18
Fidelity Investments
Massachusetts
$36.5M -$3.54M -223,149 -9%
VanEck Associates
19
VanEck Associates
New York
$35.3M -$839K -52,951 -2%
Bank of America
20
Bank of America
North Carolina
$35.3M +$2.58M +162,497 +8%
Millennium Management
21
Millennium Management
New York
$32.7M +$29.6M +1,870,436 +980%
Citadel Advisors
22
Citadel Advisors
Florida
$31.5M +$28.4M +1,790,629 +920%
ClearBridge Investments
23
ClearBridge Investments
New York
$31.4M -$3.17M -200,160 -9%
State of New Jersey Common Pension Fund D
24
State of New Jersey Common Pension Fund D
New Jersey
$28.6M -$28.5M -1,800,000 -50%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$28.3M +$440K +27,787 +2%

ARCC Hedge Fund Activity: Q1 2018 in Review

441 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Ares Capital (ARCC) for Q1 2018, worth a combined $2.78B — down 3.5% from $2.88B a quarter earlier.

Sellers outnumbered buyers: 47 funds closed out of ARCC and 46 opened new positions — a net loss of 1 holder — while 143 trimmed existing stakes and 163 added.

The largest buyer was Millennium Management, adding an estimated $29.6M. The largest seller was Principal Financial Group, exiting entirely with an estimated $84.4M sold.

  • 441 institutional investors held Ares Capital (ARCC) as of Q1 2018, down from 443 in Q4 2017.
  • Funds reported $2.78B of Ares Capital stock for Q1 2018, down 3.5% quarter-over-quarter.
  • 46 funds opened new Ares Capital positions in Q1 2018 and 47 closed out, a net change of -1 holder.
  • The largest Ares Capital buyer in Q1 2018 was Millennium Management, an estimated $29.6M added.
  • The largest Ares Capital seller in Q1 2018 was Principal Financial Group, an estimated $84.4M sold.

Based on aggregated 13F filings for Q1 2018.