ARES MANAGEMENT LLC

CIK

1259313

Location

LOS ANGELES, CA

Portfolio Value

Mid $1,463,070,618

Diversification

Highly concentrated

Filing Date

Global Rank

#1,420 / 8,623 ▼ 104 · as of Mar 2026

Top Industry

Specialty Retail 60.5%

3Y Alpha vs SPY

-35.1%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

-42.6%

SPY

+65.3%

Annualised alpha

-35.1%

Max drawdown

−61.5%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

59.7%

−3.0 pts

Top 5

77.6%

−3.6 pts

Top 10

87.2%

−3.1 pts

HHI

3,686

Highly concentrated−359

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	66.1%	$967,085,949	6
Financial Services	23.4%	$342,096,244	23
Communication Services	7.0%	$102,249,774	2
Healthcare	2.6%	$37,876,534	2
Utilities	0.5%	$7,710,023	1
Industrials	0.4%	$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 tracked positions · $1,463,070,618 total · filing declares 37 positions · $1,517,199,895 · 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%	59.73%
CCO	Clear Channel Outdoor Holdings, Inc. Communication Services	Held	41,197,491	0	$97,638,053	+7.2%	6.67%
GBTG	Global Business Travel Group, Inc. Consumer Cyclical	Held	13,886,023	0	$77,484,008	−27.1%	5.30%
ARCC	Ares Capital Corp Financial Services	Added	2,612,475	+366,665	$47,076,799	+3.6%	3.22%
GBDC	GOLUB CAPITAL BDC, Inc. Financial Services	Added	3,058,356	+322,146	$38,718,786	+4.3%	2.65%
OBDC	Blue Owl Capital Corp Financial Services	Held	2,847,757	0	$31,496,192	−11.0%	2.15%
CTEV	Claritev Corp Healthcare	Held	1,863,105	0	$30,443,135	−61.8%	2.08%
BBDC	Barings BDC, Inc. Financial Services	Added	3,630,176	+40,000	$29,876,348	−9.3%	2.04%
TSLX	Sixth Street Specialty Lending, Inc. Financial Services	Held	1,354,779	0	$24,900,838	−15.4%	1.70%
OCSL	Oaktree Specialty Lending Corp Financial Services	Added	2,099,305	+166,000	$23,722,146	−3.7%	1.62%
GSBD	Goldman Sachs BDC, Inc. Financial Services	Added	2,171,173	+758,115	$19,280,016	+47.0%	1.32%
BXSL	Blackstone Secured Lending Fund Financial Services	Added	805,687	+4,587	$19,086,725	−9.5%	1.30%
OTF	Blue Owl Technology Finance Corp. Financial Services	Added	1,345,755	+205,587	$16,673,904	+0.6%	1.14%
FSK	FS KKR Capital Corp Financial Services	Added	1,517,482	+240,000	$15,447,966	−18.3%	1.06%
ARKO	ARKO Corp. Consumer Cyclical	Held	2,110,000	0	$11,731,600	+22.5%	0.80%
HTGC	Hercules Capital, Inc. Financial Services	Added	776,606	+575,000	$11,470,470	+202.3%	0.78%
MSIF	Msc Income Fund, Inc. Financial Services	Added	826,646	+238,395	$10,068,548	+30.3%	0.69%
RWAY	Runway Growth Finance Corp. Financial Services	Added	1,177,823	+624,700	$8,091,644	+63.8%	0.55%
TRIN	Trinity Capital Inc. Financial Services	Held	545,723	0	$8,027,585	+0.4%	0.55%
OPAL	OPAL Fuels Inc. Utilities	Held	3,059,533	0	$7,710,023	+7.0%	0.53%
TEM	Tempus AI, Inc. Healthcare	Held	164,383	0	$7,433,399	−23.4%	0.51%
NCDL	Nuveen Churchill Direct Lending Corp. Financial Services	Added	574,838	+214,008	$7,311,939	+51.9%	0.50%
CCAP	Crescent Capital BDC, Inc. Financial Services	Added	546,409	+30,000	$6,638,869	−8.5%	0.45%
MFIC	MidCap Financial Investment Corp Financial Services	Held	545,532	0	$6,131,779	−1.7%	0.42%
FIP	FTAI Infrastructure Inc. Industrials	Held	1,197,554	0	$5,915,916	+7.2%	0.40%
MSDL	Morgan Stanley Direct Lending Fund Financial Services	Added	412,000	+312,000	$5,751,520	+249.0%	0.39%
OPTU	Optimum Communications, Inc. Communication Services	Held	3,547,478	0	$4,611,721	−21.2%	0.32%
ECC	Eagle Point Credit Co Financial Services	Added	1,071,148	+759,489	$4,027,516	+124.4%	0.28%
BRCB	Black Rock Coffee Bar, Inc. Consumer Cyclical	Held	250,676	0	$3,238,733	−41.9%	0.22%
CGBD	Carlyle Secured Lending, Inc. Financial Services	NEW	240,000	NEW	$2,625,600	NEW	0.18%
OXLC	Oxford Lane Capital Corp. Financial Services	Added	258,692	+11,192	$2,530,007	−30.2%	0.17%
TCPC	BlackRock TCP Capital Corp. Financial Services	NEW	544,969	NEW	$1,967,338	NEW	0.13%
BCSF	Bain Capital Specialty Finance, Inc. Financial Services	Added	94,654	+26,059	$1,173,709	+23.0%	0.08%
RENT	Rent the Runway, Inc. Consumer Cyclical	Held	169,383	0	$809,650	−39.6%	0.06%
UNIT	Uniti Group Inc. Real Estate	Held	14,518	0	$136,178	+33.8%	0.01%
YJ	Yunji Inc. Consumer Cyclical	Held	215,800,000	0	$0	—	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.