ARES MANAGEMENT LLC

CIK

1259313

Location

LOS ANGELES, CA

Portfolio Value

Mid $1,788,928,618

Diversification

Highly concentrated

Filing Date

Global Rank

#1,058 / 8,232 ▲ 14

Top Industry

Specialty Retail 49.5%

3Y Alpha vs SPY

-37.3%

Period ended 2 months ago

Filed May 15, 2026 · 30d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

-41.7%

SPY

+76.3%

Annualised alpha

-37.3%

Max drawdown

−62.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

36 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

48.8%

−5.9 pts

Top 5

79.5%

−1.8 pts

Top 10

88.2%

−2.1 pts

HHI

2,797

Highly concentrated−447

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	72.3%	$1,292,943,949	6
Financial Services	19.1%	$342,096,244	23
Communication Services	5.7%	$102,249,774	2
Healthcare	2.1%	$37,876,534	2
Utilities	0.4%	$7,710,023	1
Industrials	0.3%	$5,915,916	1
Real Estate	0.0%	$136,178	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

17 positions

Ticker	Company	Δ Shares	Shares	Value
ECC	Eagle Point Credit Co	+759,489	1,071,148	$4,027,516
GSBD	Goldman Sachs BDC, Inc.	+758,115	2,171,173	$19,280,016
RWAY	Runway Growth Finance Corp.	+624,700	1,177,823	$8,091,644
HTGC	Hercules Capital, Inc.	+575,000	776,606	$11,470,470
ARCC	Ares Capital Corp	+366,665	2,612,475	$47,076,799
GBDC	GOLUB CAPITAL BDC, Inc.	+322,146	3,058,356	$38,718,786
MSDL	Morgan Stanley Direct Lending Fund	+312,000	412,000	$5,751,520
FSK	FS KKR Capital Corp	+240,000	1,517,482	$15,447,966
MSIF	Msc Income Fund, Inc.	+238,395	826,646	$10,068,548
NCDL	Nuveen Churchill Direct Lending Corp.	+214,008	574,838	$7,311,939
OTF	Blue Owl Technology Finance Corp.	+205,587	1,345,755	$16,673,904
OCSL	Oaktree Specialty Lending Corp	+166,000	2,099,305	$23,722,146
BBDC	Barings BDC, Inc.	+40,000	3,630,176	$29,876,348
CCAP	Crescent Capital BDC, Inc.	+30,000	546,409	$6,638,869
BCSF	Bain Capital Specialty Finance, Inc.	+26,059	94,654	$1,173,709
OXLC	Oxford Lane Capital Corp.	+11,192	258,692	$2,530,007
BXSL	Blackstone Secured Lending Fund	+4,587	805,687	$19,086,725
No positions match the current search.

Trimmed

Positions the filer reduced

No qualifying positions this quarter.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
CGBD	Carlyle Secured Lending, Inc.	240,000	$2,625,600
TCPC	BlackRock TCP Capital Corp.	544,969	$1,967,338
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
NMFC	New Mountain Finance Corp	602,575	$5,549,715
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

36 positions · $1,788,928,618 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Financial Services Healthcare Industrials Real Estate Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SVV	Savers Value Village, Inc. Consumer Cyclical	Held	117,449,188	0	$873,821,958	−20.3%	48.85%
YJ	Yunji Inc. Consumer Cyclical	Held	215,800,000	0	$325,858,000	+28.0%	18.22%
CCO	Clear Channel Outdoor Holdings, Inc. Communication Services	Held	41,197,491	0	$97,638,053	+7.2%	5.46%
GBTG	Global Business Travel Group, Inc. Consumer Cyclical	Held	13,886,023	0	$77,484,008	−27.1%	4.33%
ARCC	Ares Capital Corp Financial Services	Added	2,612,475	+366,665	$47,076,799	+3.6%	2.63%
GBDC	GOLUB CAPITAL BDC, Inc. Financial Services	Added	3,058,356	+322,146	$38,718,786	+4.3%	2.16%
OBDC	Blue Owl Capital Corp Financial Services	Held	2,847,757	0	$31,496,192	−11.0%	1.76%
CTEV	Claritev Corp Healthcare	Held	1,863,105	0	$30,443,135	−61.8%	1.70%
BBDC	Barings BDC, Inc. Financial Services	Added	3,630,176	+40,000	$29,876,348	−9.3%	1.67%
TSLX	Sixth Street Specialty Lending, Inc. Financial Services	Held	1,354,779	0	$24,900,838	−15.4%	1.39%
OCSL	Oaktree Specialty Lending Corp Financial Services	Added	2,099,305	+166,000	$23,722,146	−3.7%	1.33%
GSBD	Goldman Sachs BDC, Inc. Financial Services	Added	2,171,173	+758,115	$19,280,016	+47.0%	1.08%
BXSL	Blackstone Secured Lending Fund Financial Services	Added	805,687	+4,587	$19,086,725	−9.5%	1.07%
OTF	Blue Owl Technology Finance Corp. Financial Services	Added	1,345,755	+205,587	$16,673,904	+0.6%	0.93%
FSK	FS KKR Capital Corp Financial Services	Added	1,517,482	+240,000	$15,447,966	−18.3%	0.86%
ARKO	ARKO Corp. Consumer Cyclical	Held	2,110,000	0	$11,731,600	+22.5%	0.66%
HTGC	Hercules Capital, Inc. Financial Services	Added	776,606	+575,000	$11,470,470	+202.3%	0.64%
MSIF	Msc Income Fund, Inc. Financial Services	Added	826,646	+238,395	$10,068,548	+30.3%	0.56%
RWAY	Runway Growth Finance Corp. Financial Services	Added	1,177,823	+624,700	$8,091,644	+63.8%	0.45%
TRIN	Trinity Capital Inc. Financial Services	Held	545,723	0	$8,027,585	+0.4%	0.45%
OPAL	OPAL Fuels Inc. Utilities	Held	3,059,533	0	$7,710,023	+7.0%	0.43%
TEM	Tempus AI, Inc. Healthcare	Held	164,383	0	$7,433,399	−23.4%	0.42%
NCDL	Nuveen Churchill Direct Lending Corp. Financial Services	Added	574,838	+214,008	$7,311,939	+51.9%	0.41%
CCAP	Crescent Capital BDC, Inc. Financial Services	Added	546,409	+30,000	$6,638,869	−8.5%	0.37%
MFIC	MidCap Financial Investment Corp Financial Services	Held	545,532	0	$6,131,779	−1.7%	0.34%
FIP	FTAI Infrastructure Inc. Industrials	Held	1,197,554	0	$5,915,916	+7.2%	0.33%
MSDL	Morgan Stanley Direct Lending Fund Financial Services	Added	412,000	+312,000	$5,751,520	+249.0%	0.32%
OPTU	Optimum Communications, Inc. Communication Services	Held	3,547,478	0	$4,611,721	−21.2%	0.26%
ECC	Eagle Point Credit Co Financial Services	Added	1,071,148	+759,489	$4,027,516	+124.4%	0.23%
BRCB	Black Rock Coffee Bar, Inc. Consumer Cyclical	Held	250,676	0	$3,238,733	−41.9%	0.18%
CGBD	Carlyle Secured Lending, Inc. Financial Services	NEW	240,000	NEW	$2,625,600	NEW	0.15%
OXLC	Oxford Lane Capital Corp. Financial Services	Added	258,692	+11,192	$2,530,007	−30.2%	0.14%
TCPC	BlackRock TCP Capital Corp. Financial Services	NEW	544,969	NEW	$1,967,338	NEW	0.11%
BCSF	Bain Capital Specialty Finance, Inc. Financial Services	Added	94,654	+26,059	$1,173,709	+23.0%	0.07%
RENT	Rent the Runway, Inc. Consumer Cyclical	Held	169,383	0	$809,650	−39.6%	0.05%
UNIT	Uniti Group Inc. Real Estate	Held	14,518	0	$136,178	+33.8%	0.01%