ARES MANAGEMENT LLC

Registered adviser

CIK

1259313

Location

LOS ANGELES, CA

Portfolio Value

Mid $2,200,863,309

Diversification

Highly concentrated

Reports for

ACOF Investment Management LLC ASSF Operating Manager IV, L.P. ASOF Investment Management LLC Ares Capital Management III LLC

Filing Date

Global Rank

#1,503 / 8,818 ▲ 281

Top Industry

Specialty Retail 54.6%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 130074

Roster of Oct 1, 2026

Regulatory AUM

$458,821,489,418

Main clients

Pooled investment vehicles (88% of AUM)

Private funds

682 funds · Hedge funds

Focus by gross assets, Schedule D of Dec 9, 2024

$417,636,424,273 gross assets

LEI

3M096E5S0PEUTB0I8L53

Private funds on Schedule D 7.B.(1)

As filed Dec 9, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$284,072,718,190 gross assets in 499 funds Hedge funds $215,357,410,855 (218) Securitized asset funds $32,940,745,732 (80) Private equity funds $15,784,859,433 (111) Other private funds $14,819,042,787 (41) Real estate funds $5,170,659,383 (49)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Sep 2026 to Oct 2026	$458,821,489,418	Pooled investment vehicles (88%)
Jun 2026 to Aug 2026	$458,821,489,418	Pooled investment vehicles (88%)
Apr 2026 to May 2026	$458,821,489,418	Pooled investment vehicles (88%)
Mar 2026	$359,147,435,843	Pooled investment vehicles (89%)
Dec 2025 to Feb 2026	$359,147,435,843	Pooled investment vehicles (89%)
Jun 2025 to Sep 2025	$359,147,435,843	Pooled investment vehicles (89%)

17 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 86.1% of the book (60%+)

Turnover

Low turnover

6.9% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 12.5 quarters (12+), a floor since 11.6% of the book was already held when coverage starts

Closest benchmark: the Russell 2000 as of 2026-06-30, active share 99.8%; sector active share 60.2% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

42 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

53.8%

−5.9 pts

Top 5

75.7%

−1.8 pts

Top 10

86.1%

−1.0 pts

HHI

3,104

Highly concentrated−582

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	56.6%	$1,245,353,564	6
Financial Services	17.7%	$388,573,030	23
Industrials	14.7%	$324,359,000	4
Communication Services	4.8%	$104,841,771	2
Healthcare	3.3%	$73,073,218	2
Technology	2.9%	$64,491,725	3
Real Estate	0.0%	$166,521	1
Consumer Defensive	0.0%	$4,480	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

19 positions

Ticker	Company	Δ Shares	Shares	Value
GSBD	Goldman Sachs BDC, Inc.	+976,078	3,147,251	$29,835,939
OTF	Blue Owl Technology Finance Corp.	+620,590	1,966,345	$20,351,670
CCAP	Crescent Capital BDC, Inc.	+541,774	1,088,183	$11,882,958
BBDC	Barings BDC, Inc.	+534,151	4,164,327	$35,480,066
TCPC	BlackRock TCP Capital Corp.	+509,802	1,054,771	$3,544,030
BCSF	Bain Capital Specialty Finance, Inc.	+493,817	588,471	$7,367,656
MSIF	Msc Income Fund, Inc.	+441,264	1,267,910	$14,669,718
NCDL	Nuveen Churchill Direct Lending Corp.	+383,988	958,826	$11,908,618
MSDL	Morgan Stanley Direct Lending Fund	+363,128	775,128	$11,719,935
RWAY	Runway Growth Finance Corp.	+339,356	1,517,179	$8,511,374
GBDC	GOLUB CAPITAL BDC, Inc.	+298,759	3,357,115	$43,239,641
CGBD	Carlyle Secured Lending, Inc.	+232,187	472,187	$4,972,129
ARCC	Ares Capital Corp	+170,690	2,783,165	$51,572,047
ECC	Eagle Point Credit Co	+127,271	1,198,419	$4,458,118
OCSL	Oaktree Specialty Lending Corp	+105,000	2,204,305	$26,319,401
BXSL	Blackstone Secured Lending Fund	+90,000	895,687	$21,236,738
TSLX	Sixth Street Specialty Lending, Inc.	+50,000	1,404,779	$24,120,055
OBDC	Blue Owl Capital Corp	+25,000	2,872,757	$31,226,868
OXLC	Oxford Lane Capital Corp.	+9,872	268,564	$2,352,620
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
—		−9,547,759	4,338,264	$40,736,298
FSK	FS KKR Capital Corp	−1,346,754	170,728	$1,792,644
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
XE	X-Energy, Inc.	13,844,585	$254,186,580
ARXS	Arxis, Inc.	1,254,547	$57,884,798
KDK	Kodiak AI, Inc.	10,610,857	$53,903,153
KDKRW	Kodiak AI, Inc.	14,300,000	$10,582,000
LIDR	AEye, Inc.	4,564	$6,572
SKIL	Skillsoft Corp.	865	$4,480
ARDC	Ares Dynamic Credit Allocation Fund, Inc.	59	$745
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
MFIC	MidCap Financial Investment Corp	545,532	$6,131,779
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

42 tracked positions · $2,200,863,309 total · filing declares 44 positions · $2,294,299,657 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SVV	Savers Value Village, Inc. Consumer Cyclical	Held	117,449,188	0	$1,185,062,306	+35.6%	13	unpriced	53.85%
XE	X-Energy, Inc. Industrials	NEW	13,844,585	NEW	$254,186,580	NEW	1	$25.89	11.55%
CCO	Clear Channel Outdoor Holdings, Inc. Communication Services	Held	41,197,491	0	$99,697,928	+2.1%	26+	before history	4.53%
CTEV	Claritev Corp Healthcare	Held	1,863,105	0	$63,550,511	+108.8%	8	unpriced	2.89%
ARXS	Arxis, Inc. Industrials	NEW	1,254,547	NEW	$57,884,798	NEW	1	$39.04	2.63%
KDK	Kodiak AI, Inc. Technology	NEW	10,610,857	NEW	$53,903,153	NEW	1	$7.48	2.45%
ARCC	Ares Capital Corp Financial Services	Added	2,783,165	+170,690	$51,572,047	+9.5%	26+	before history	2.34%
GBDC	GOLUB CAPITAL BDC, Inc. Financial Services	Added	3,357,115	+298,759	$43,239,641	+11.7%	26+	before history	1.96%
		Reduced	4,338,264	-9,547,759	$40,736,298	−47.4%	17	unpriced	1.85%
BBDC	Barings BDC, Inc. Financial Services	Added	4,164,327	+534,151	$35,480,066	+18.8%	26+	before history	1.61%
OBDC	Blue Owl Capital Corp Financial Services	Added	2,872,757	+25,000	$31,226,868	−0.9%	25	$13.81	1.42%
GSBD	Goldman Sachs BDC, Inc. Financial Services	Added	3,147,251	+976,078	$29,835,939	+54.8%	6	$10.03	1.36%
OCSL	Oaktree Specialty Lending Corp Financial Services	Added	2,204,305	+105,000	$26,319,401	+10.9%	26+	before history	1.20%
TSLX	Sixth Street Specialty Lending, Inc. Financial Services	Added	1,404,779	+50,000	$24,120,055	−3.1%	24	$20.40	1.10%
BXSL	Blackstone Secured Lending Fund Financial Services	Added	895,687	+90,000	$21,236,738	+11.3%	16	$26.02	0.96%
OTF	Blue Owl Technology Finance Corp. Financial Services	Added	1,966,345	+620,590	$20,351,670	+22.1%	4	$13.25	0.92%
ARKO	ARKO Corp. Consumer Cyclical	Held	2,110,000	0	$16,943,300	+44.4%	23	$9.83	0.77%
MSIF	Msc Income Fund, Inc. Financial Services	Added	1,267,910	+441,264	$14,669,718	+45.7%	6	$14.01	0.67%
HTGC	Hercules Capital, Inc. Financial Services	Held	776,606	0	$12,247,076	+6.8%	12	$16.64	0.56%
NCDL	Nuveen Churchill Direct Lending Corp. Financial Services	Added	958,826	+383,988	$11,908,618	+62.9%	10	$14.08	0.54%
CCAP	Crescent Capital BDC, Inc. Financial Services	Added	1,088,183	+541,774	$11,882,958	+79.0%	19	$15.05	0.54%
MSDL	Morgan Stanley Direct Lending Fund Financial Services	Added	775,128	+363,128	$11,719,935	+103.8%	3	$15.51	0.53%
KDKRW	Kodiak AI, Inc. Technology	NEW	14,300,000	NEW	$10,582,000	NEW	1	$1.25	0.48%
TRIN	Trinity Capital Inc. Financial Services	Held	545,723	0	$9,762,984	+21.6%	8	$14.12	0.44%
TEM	Tempus AI, Inc. Healthcare	Held	164,383	0	$9,522,707	+28.1%	9	unpriced	0.43%
RWAY	Runway Growth Finance Corp. Financial Services	Added	1,517,179	+339,356	$8,511,374	+5.2%	19	$9.00	0.39%
BCSF	Bain Capital Specialty Finance, Inc. Financial Services	Added	588,471	+493,817	$7,367,656	+527.7%	21	$13.22	0.33%
OPAL	OPAL Fuels Inc. Industrials	Held	3,059,533	0	$6,730,972	−12.7%	16	$9.70	0.31%
FIP	FTAI Infrastructure Inc. Industrials	Held	1,197,554	0	$5,556,650	−6.1%	3	$4.93	0.25%
OPTU	Optimum Communications, Inc. Communication Services	Held	3,547,478	0	$5,143,843	+11.5%	18	$9.43	0.23%
CGBD	Carlyle Secured Lending, Inc. Financial Services	Added	472,187	+232,187	$4,972,129	+89.4%	2	$11.48	0.23%
ECC	Eagle Point Credit Co Financial Services	Added	1,198,419	+127,271	$4,458,118	+10.7%	3	$4.95	0.20%
TCPC	BlackRock TCP Capital Corp. Financial Services	Added	1,054,771	+509,802	$3,544,030	+80.1%	2	$4.27	0.16%
OXLC	Oxford Lane Capital Corp. Financial Services	Added	268,564	+9,872	$2,352,620	−7.0%	3	$14.60	0.11%
BRCB	Black Rock Coffee Bar, Inc. Consumer Cyclical	Held	250,676	0	$2,078,104	−35.8%	4	unpriced	0.09%
FSK	FS KKR Capital Corp Financial Services	Reduced	170,728	-1,346,754	$1,792,644	−88.4%	21	$18.92	0.08%
RENT	Rent the Runway, Inc. Consumer Cyclical	Held	169,383	0	$533,556	−34.1%	19	$266.53	0.02%
UNIT	Uniti Group Inc. Real Estate	Held	14,518	0	$166,521	+22.3%	4	unpriced	0.01%
LIDR	AEye, Inc. Technology	NEW	4,564	NEW	$6,572	NEW	1	$1.80	0.00%
SKIL	Skillsoft Corp. Consumer Defensive	NEW	865	NEW	$4,480	NEW	1	$6.65	0.00%
ARDC	Ares Dynamic Credit Allocation Fund, Inc. Financial Services	NEW	59	NEW	$745	NEW	1	$12.56	0.00%
YJ	Yunji Inc. Consumer Cyclical	Held	215,800,000	0	$0	—	11	unpriced	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.