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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
TIM
1
Thornburg Investment Management
New Mexico
$247M +$10.5M +632,655 +4%
Morgan Stanley
2
Morgan Stanley
New York
$122M -$6.02M -363,857 -4%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$102M +$1.81M +109,314 +2%
VNIM
4
Vaughan Nelson Investment Management
Texas
$100M +$7.82M +472,555 +8%
CIM
5
Confluence Investment Management
Missouri
$80.9M +$614K +37,132 +0.7%
Wells Fargo
6
Wells Fargo
California
$67.9M +$7.78M +470,144 +12%
D.E. Shaw & Co
7
D.E. Shaw & Co
New York
$58.7M +$823K +49,731 +1%
MC
8
Muzinich & Co
New York
$58.3M +$522K +31,530 +0.9%
Ameriprise
9
Ameriprise
Minnesota
$49.8M -$2.03M -122,814 -4%
OAC
10
OMERS Administration Corp
Ontario, Canada
$48.2M +$4.69M +283,401 +10%
Bank of America
11
Bank of America
North Carolina
$41.7M +$5.92M +357,706 +15%
1832 Asset Management
12
1832 Asset Management
Ontario, Canada
$41M +$21.6M +1,303,034 +98%
Bank of Montreal
13
Bank of Montreal
Ontario, Canada
$39.5M -$10.3M -625,340 -20%
AM
14
Ares Management
California
$38.4M +$1.31M +79,242 +3%
JVBC
15
J.V. Bruni & Co
Colorado
$37.6M +$169K +10,238 +0.4%
VanEck Associates
16
VanEck Associates
New York
$36M -$2.25M -135,750 -6%
Goldman Sachs
17
Goldman Sachs
New York
$35.4M +$17.9M +1,079,064 +90%
UBS Group
18
UBS Group
Switzerland
$34.9M -$5M -302,264 -12%
Alyeska Investment Group
19
Alyeska Investment Group
Illinois
$34.5M +$8.53M +515,860 +30%
Two Sigma Advisers
20
Two Sigma Advisers
New York
$34.3M +$36.4K +2,200 +0.1%
Legal & General Group
21
Legal & General Group
United Kingdom
$30.2M +$4.32M +261,251 +16%
Brown Advisory
22
Brown Advisory
Maryland
$29.7M -$6.54M -395,202 -17%
CCP
23
Clough Capital Partners
Massachusetts
$27.7M -$5.5M -332,200 -16%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$27M -$740K -44,720 -3%
LCP
25
LGT Capital Partners
Switzerland
$26.6M +$3.14M +190,000 +13%

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.