ARES MANAGEMENT LLC

CIK 1259313 · View on SEC EDGAR ↗

Portfolio value QoQ: +51.2% 13F does not disclose cash

Top 10 holdings weight83.31%

Top 25 holdings weight96.81%

Positions above 1%16

Effective number of positions3.5

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 5.77% Est. buys $481,514,232 · sells $109,926,154

Median holding: 4.0 quarters Tracked Q1 2025–Q2 2026 · 80.0% still held

New positions8

Increased20

Decreased2

Closed1

Portfolio value $2.3B #1,461 of 9,337 by 13F value · top 15.6%

Positions 44

As of June 30, 2026 Data as of Q2 2026

Performance vs S&P 500

Tracked Q1 2025–Q2 2026 +29.7%

S&P 500 total return (same window) +37.0%

Excess return -7.3%

Annualized: +23.1% · S&P 500: +28.7%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 99.3% · Options excluded: 0.2%

Sector breakdown

Retail 52.4%

Financials 16.6%

Communication Services 4.6%

Consumer Discretionary 4.2%

Health Care 3.2%

Energy 0.3%

Industrials 0.2%

Other/Unmapped 18.4%

Full portfolio 44 positions

					Streak
SVV Savers Value Village, Inc. Common Stock	$1,185,062,307	51.65%	117,449,188	$311,240,348
Unknown issuer (CUSIP: 98386P102)	$254,186,581	11.08%	13,844,585		Up ×1
CCO Clear Channel Outdoor Holdings, Inc. Common Stock	$99,697,928	4.35%	41,197,491	$2,059,874
CTEV Claritev Corporation Class A Common Stock	$63,550,512	2.77%	1,863,105	$33,107,376
Unknown issuer (CUSIP: 45826HAD1)	$61,533,397	2.68%	63,830,000	$8,218,779	Up ×1
Unknown issuer (CUSIP: 04339D105)	$57,884,799	2.52%	1,254,547		Up ×1
KDK Kodiak AI, Inc. - Common Stock	$53,903,154	2.35%	10,610,857		Up ×1
ARCC Ares Capital Corporation - Closed End Fund	$51,572,047	2.25%	2,783,165	$4,495,247	Up ×4
GBDC Golub Capital BDC, Inc. - Closed End Fund	$43,239,641	1.88%	3,357,115	$4,520,854	Up ×3
GBTG Global Business Travel Group, Inc. Class A Common Stock	$40,736,299	1.78%	4,338,264	$-36,747,709	Down ×1
BBDC Barings BDC, Inc. Common Stock	$35,480,066	1.55%	4,164,327	$5,603,718	Up ×2
OBDC Blue Owl Capital Corporation Common Stock	$31,226,869	1.36%	2,872,757	$-269,323	Up ×1
Unknown issuer (CUSIP: 405024AD2)	$31,135,411	1.36%	30,765,000		Up ×1
GSBD Goldman Sachs BDC, Inc. Common Stock	$29,835,939	1.30%	3,147,251	$10,555,923	Up ×3
OCSL Oaktree Specialty Lending Corporation - Closed End Fund	$26,319,402	1.15%	2,204,305	$2,597,256	Up ×2
TSLX Sixth Street Specialty Lending, Inc. Common Stock	$24,120,055	1.05%	1,404,779	$-780,783	Up ×1
BXSL Blackstone Secured Lending Fund Common Shares of Beneficial Interest	$21,236,739	0.93%	895,687	$2,150,014	Up ×2
OTF Blue Owl Technology Finance Corp. Common Stock	$20,351,671	0.89%	1,966,345	$3,677,767	Up ×3
ARKO ARKO Corp. - Common Stock	$16,943,300	0.74%	2,110,000	$5,211,700
MSIF MSC Income Fund, Inc. Common Stock	$14,669,719	0.64%	1,267,910	$4,601,171	Up ×3
HTGC Hercules Capital, Inc. Common Stock	$12,247,077	0.53%	776,606	$776,606
NCDL Nuveen Churchill Direct Lending Corp. Common Stock	$11,908,619	0.52%	958,826	$4,596,680	Up ×3
CCAP Crescent Capital BDC, Inc. - Common Stock	$11,882,958	0.52%	1,088,183	$5,244,089	Up ×2
MSDL Morgan Stanley Direct Lending Fund Common Stock	$11,719,935	0.51%	775,128	$5,968,415	Up ×2
KDKRW Kodiak AI, Inc. - Warrant	$10,583,430	0.46%	14,300,000		Up ×1
TRIN Trinity Capital Inc. - Common Stock	$9,762,984	0.43%	545,723	$1,735,399
TEM Tempus AI, Inc. - Class A Common Stock	$9,522,707	0.42%	164,383	$2,089,308
RWAY Runway Growth Finance Corp. - Common Stock	$8,511,374	0.37%	1,517,179	$419,730	Up ×3
BCSF Bain Capital Specialty Finance, Inc. Common Stock	$7,367,657	0.32%	588,471	$6,193,947	Up ×2
OPAL OPAL Fuels Inc. - Class A Common Stock	$6,730,973	0.29%	3,059,533	$-979,050
FIP FTAI Infrastructure Inc. - Common Stock	$5,556,651	0.24%	1,197,554	$-359,266
OPTU Optimum Communications, Inc. Class A common stock	$5,143,843	0.22%	3,547,478	$532,122
CGBD Carlyle Secured Lending, Inc. - Closed End Fund	$4,972,129	0.22%	472,187	$2,346,529	Up ×1
ECC Eagle Point Credit Company Inc. Common Stock	$4,458,119	0.19%	1,198,419	$430,603	Up ×2
TCPC BlackRock TCP Capital Corp. - Closed End Fund	$3,544,031	0.15%	1,054,771	$1,576,693	Up ×1
OXLC Oxford Lane Capital Corp. - Closed End Fund	$2,352,621	0.10%	268,564	$-177,387	Up ×2
BRCB Black Rock Coffee Bar, Inc. - Class A Common Stock	$2,078,104	0.09%	250,676	$-1,160,630
FSK FS KKR Capital Corp. Common Stock	$1,792,644	0.08%	170,728	$-13,655,323	Down ×1
YJ Yunji Inc. - American Depository Shares	$766,090	0.03%	215,800,000	$-48,555
RENT Rent the Runway, Inc. - Class A Common Stock	$533,556	0.02%	169,383	$-276,095
UNIT Uniti Group Inc. - Common Stock	$166,521	0.01%	14,518	$30,342
LIDR AEye, Inc. - Class A Common Stock	$6,572	0.00%	4,564		Up ×1
SKIL Skillsoft Corp. Class A Common Stock	$4,481	0.00%	865		Up ×1
ARDC Ares Dynamic Credit Allocation Fund, Inc. Common Shares	$745	0.00%	59		Up ×1
No matches

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security	Value	% of portfolio	Streak
ARCC	$51,572,047	2.25%	up ×4
GBDC	$43,239,641	1.88%	up ×3
GSBD	$29,835,939	1.30%	up ×3
OTF	$20,351,671	0.89%	up ×3
MSIF	$14,669,719	0.64%	up ×3
NCDL	$11,908,619	0.52%	up ×3
RWAY	$8,511,374	0.37%	up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
Unknown issuer (CUSIP: 98386P102)	$254,186,581	13,844,585	11.08%
Unknown issuer (CUSIP: 04339D105)	$57,884,799	1,254,547	2.52%
KDK	$53,903,154	10,610,857	2.35%
Unknown issuer (CUSIP: 405024AD2)	$31,135,411	30,765,000	1.36%
KDKRW	$10,583,430	14,300,000	0.46%
LIDR	$6,572	4,564	0.00%
SKIL	$4,481	865	0.00%
ARDC	$745	59	0.00%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
SVV	Price move only	+0	+$311.2M
GBTG	Trimmed	-9.5M	-$36.7M
CTEV	Price move only	+0	+$33.1M
GSBD	Bought more	+976K	+$10.6M
·	Bought more	+8.3M	+$8.2M
MSDL	Bought more	+363K	+$6.0M
BBDC	Bought more	+534K	+$5.6M
CCAP	Bought more	+542K	+$5.2M
ARKO	Price move only	+0	+$5.2M
MSIF	Bought more	+441K	+$4.6M

2 positions hidden — reported move looks larger than the position itself (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
FYBR	Sept. 30, 2025	3,131,679	$113,993,116	No longer tracked
CRC	Sept. 30, 2025	708,676	$32,365,233	-1.4%
XHB	Dec. 31, 2025	200,000	$22,160,000	-6.1%
FLYYQ	Sept. 30, 2025	1,378,343	$6,877,932	No longer tracked
MFIC	June 30, 2026	545,532	$6,131,780	-14.5%
NMFC	March 31, 2026	602,575	$5,549,716	-10.6%
SLRC	Dec. 31, 2025	138,502	$2,117,696	-25.3%
ARKOW	Dec. 31, 2025	1,100,000	$10,230	No longer tracked
XHG	Dec. 31, 2025	419,729	$217	118.3%

Person profile: Ares Management LLC