Ares Capital
ARCC
643 hedge funds and large institutions have $3.04B invested in Ares Capital in 2023 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 273 increasing their positions, 170 reducing their positions, and 62 closing their positions.
61% more repeat investments, than reductions
Existing positions increased: 273 | Existing positions reduced: 170
5% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 62
1% less funds holding
Funds holding: 648 → 643 (-5)
2.08% less ownership
Funds ownership: 33.42% → 31.33% (-2.1%)
7% less funds holding in top 10
Funds holding in top 10: 15 → 14 (-1)
21% less capital inflows, than outflows
Capital inflows: $226M | Capital outflows: $285M
71% less call options, than puts
Call options by funds: $65.7M | Put options by funds: $224M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$20.7M |
| 2 |
BlackRock
New York
|
+$19.1M |
| 3 |
VanEck Associates
New York
|
+$10.8M |
| 4 |
HRT Financial
New York
|
+$8.41M |
| 5 |
Cinctive Capital Management
New York
|
+$7.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSA
Cottage Street Advisors
Marion,
Massachusetts
|
-$40.5M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$30.9M |
| 3 |
Enstar Group
Hamilton,
Bermuda
|
-$26.8M |
| 4 |
Goldman Sachs
New York
|
-$24.7M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$21.3M |
ARCC Hedge Fund Activity: Q1 2023 in Review
643 of the 6,290 institutional investors tracked by Wall St. Rank reported a position in Ares Capital (ARCC) for Q1 2023, worth a combined $3.04B — down 1.7% from $3.09B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new ARCC positions and 62 closed out — a net gain of 3 holders — while 273 added to existing stakes and 170 trimmed.
The largest buyer was Millennium Management, adding an estimated $20.7M. The largest seller was Cottage Street Advisors, cutting an estimated $40.5M.
- 643 institutional investors held Ares Capital (ARCC) as of Q1 2023, down from 648 in Q4 2022.
- Funds reported $3.04B of Ares Capital stock for Q1 2023, down 1.7% quarter-over-quarter.
- 65 funds opened new Ares Capital positions in Q1 2023 and 62 closed out, a net change of +3 holders.
- The largest Ares Capital buyer in Q1 2023 was Millennium Management, an estimated $20.7M added.
- The largest Ares Capital seller in Q1 2023 was Cottage Street Advisors, an estimated $40.5M sold.
Based on aggregated 13F filings for Q1 2023.