ARES MANAGEMENT LLC

CIK

1259313

Location

LOS ANGELES, CA

Portfolio Value

Small $102,249,774

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 3 months ago

Filed May 15, 2026 · 31d

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

-42.3%

SPY

+74.2%

Annualised alpha

-37.1%

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

2 positions · $102,249,774 total · Communication Services only · 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	History
CCO	Clear Channel Outdoor Holdings, Inc. Communication Services	Held	41,197,491	0	$97,638,053	+7.2%	95.49%
OPTU	Optimum Communications, Inc. Communication Services	Held	3,547,478	0	$4,611,721	−21.2%	4.51%