# ARES MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1259313. Source: https://holderbook.com/funds/1259313-ares-management-llc/

- Reported value: $2.3B
- Positions: 44
- Weight of the ten largest: 83.3%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SAVERS VALUE VLG INC | [SVV](https://holderbook.com/stocks/SVV/) | $1.2B | 117,449,188 | 51.7% | 13 |
| X-ENERGY INC | [XE](https://holderbook.com/stocks/XE/) | $254.2M | 13,844,585 | 11.1% | 1 |
| CLEAR CHANNEL OUTDOOR HLDGS | [CCO](https://holderbook.com/stocks/CCO/) | $99.7M | 41,197,491 | 4.3% | 29 |
| CLARITEV CORPORATION | [CTEV](https://holderbook.com/stocks/CTEV/) | $63.6M | 1,863,105 | 2.8% | 8 |
| INTEGER HLDGS CORP | - | $61.5M | 63,830,000 | 2.7% | 2 |
| ARXIS INC | [ARXS](https://holderbook.com/stocks/ARXS/) | $57.9M | 1,254,547 | 2.5% | 1 |
| KODIAK AI INC. | [KDK](https://holderbook.com/stocks/KDK/) | $53.9M | 10,610,857 | 2.3% | 1 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $51.6M | 2,783,165 | 2.2% | 32 |
| GOLUB CAP BDC INC | [GBDC](https://holderbook.com/stocks/GBDC/) | $43.2M | 3,357,115 | 1.9% | 26 |
| GLOBAL BUSINESS TRAVEL GROUP | [GBTG](https://holderbook.com/stocks/GBTG/) | $40.7M | 4,338,264 | 1.8% | 17 |
| BARINGS BDC INC | [BBDC](https://holderbook.com/stocks/BBDC/) | $35.5M | 4,164,327 | 1.5% | 32 |
| BLUE OWL CAPITAL CORPORATION | [OBDC](https://holderbook.com/stocks/OBDC/) | $31.2M | 2,872,757 | 1.4% | 25 |
| HAEMONETICS CORP MASS | - | $31.1M | 30,765,000 | 1.4% | 1 |
| GOLDMAN SACHS BDC INC | [GSBD](https://holderbook.com/stocks/GSBD/) | $29.8M | 3,147,251 | 1.3% | 6 |
| OAKTREE SPECIALTY LENDING | [OCSL](https://holderbook.com/stocks/OCSL/) | $26.3M | 2,204,305 | 1.1% | 14 |
| SIXTH STREET SPECIALTY LENDI | [TSLX](https://holderbook.com/stocks/TSLX/) | $24.1M | 1,404,779 | 1.1% | 24 |
| BLACKSTONE SECD LENDING FD | [BXSL](https://holderbook.com/stocks/BXSL/) | $21.2M | 895,687 | 0.9% | 16 |
| BLUE OWL TECHNOLOGY FIN CORP | [OTF](https://holderbook.com/stocks/OTF/) | $20.4M | 1,966,345 | 0.9% | 4 |
| ARKO CORP | [ARKO](https://holderbook.com/stocks/ARKO/) | $16.9M | 2,110,000 | 0.7% | 23 |
| MSC INCOME FUND INC | [MSIF](https://holderbook.com/stocks/MSIF/) | $14.7M | 1,267,910 | 0.6% | 6 |
| HERCULES CAPITAL INC | [HTGC](https://holderbook.com/stocks/HTGC/) | $12.2M | 776,606 | 0.5% | 12 |
| NUVEEN CHURCHILL DIRECT LEND | [NCDL](https://holderbook.com/stocks/NCDL/) | $11.9M | 958,826 | 0.5% | 10 |
| CRESCENT CAP BDC INC | [CCAP](https://holderbook.com/stocks/CCAP/) | $11.9M | 1,088,183 | 0.5% | 19 |
| MORGAN STANLEY DIRECT LENDIN | [MSDL](https://holderbook.com/stocks/MSDL/) | $11.7M | 775,128 | 0.5% | 3 |
| KODIAK AI INC. | [KDKRW](https://holderbook.com/stocks/KDKRW/) | $10.6M | 14,300,000 | 0.5% | 1 |
| TRINITY CAP INC | [TRIN](https://holderbook.com/stocks/TRIN/) | $9.8M | 545,723 | 0.4% | 8 |
| TEMPUS AI INC | [TEM](https://holderbook.com/stocks/TEM/) | $9.5M | 164,383 | 0.4% | 9 |
| RUNWAY GROWTH FINANCE CORP | [RWAY](https://holderbook.com/stocks/RWAY/) | $8.5M | 1,517,179 | 0.4% | 19 |
| BAIN CAP SPECIALTY FIN INC | [BCSF](https://holderbook.com/stocks/BCSF/) | $7.4M | 588,471 | 0.3% | 21 |
| OPAL FUELS INC | [OPAL](https://holderbook.com/stocks/OPAL/) | $6.7M | 3,059,533 | 0.3% | 16 |
| FTAI INFRASTRUCTURE INC | [FIP](https://holderbook.com/stocks/FIP/) | $5.6M | 1,197,554 | 0.2% | 3 |
| OPTIMUM COMMUNICATIONS INC | [OPTU](https://holderbook.com/stocks/OPTU/) | $5.1M | 3,547,478 | 0.2% | 18 |
| CARLYLE SECURED LENDING INC | [CGBD](https://holderbook.com/stocks/CGBD/) | $5.0M | 472,187 | 0.2% | 2 |
| EAGLE POINT CR CO | [ECC](https://holderbook.com/stocks/ECC/) | $4.5M | 1,198,419 | 0.2% | 3 |
| BLACKROCK TCP CAPITAL CORP | [TCPC](https://holderbook.com/stocks/TCPC/) | $3.5M | 1,054,771 | 0.2% | 2 |
| OXFORD LANE CAP CORP | [OXLC](https://holderbook.com/stocks/OXLC/) | $2.4M | 268,564 | 0.1% | 3 |
| BLACK ROCK COFFEE BAR INC | [BRCB](https://holderbook.com/stocks/BRCB/) | $2.1M | 250,676 | 0.1% | 4 |
| FS KKR CAP CORP | [FSK](https://holderbook.com/stocks/FSK/) | $1.8M | 170,728 | 0.1% | 21 |
| YUNJI INC | [YJ](https://holderbook.com/stocks/YJ/) | $766.1K | 215,800,000 | 0.0% | 5 |
| RENT THE RUNWAY INC | [RENT](https://holderbook.com/stocks/RENT/) | $533.6K | 169,383 | 0.0% | 9 |
| UNITI GROUP LLC | [UNIT](https://holderbook.com/stocks/UNIT/) | $166.5K | 14,518 | 0.0% | 4 |
| AEYE INC | [LIDR](https://holderbook.com/stocks/LIDR/) | $6.6K | 4,564 | 0.0% | 1 |
| SKILLSOFT CORP | [SKIL](https://holderbook.com/stocks/SKIL/) | $4.5K | 865 | 0.0% | 1 |
| ARES DYNAMIC CR ALLOCATION F | [ARDC](https://holderbook.com/stocks/ARDC/) | $745 | 59 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +27.7% | +14.8% | +12.8% | 96% |
| Q1 2026 | -19.1% | -4.6% | -14.5% | 100% |
| Q4 2025 | -21.5% | +2.4% | -23.9% | 100% |
| Q3 2025 | +20.4% | +7.8% | +12.6% | 100% |
| Q2 2025 | +29.3% | +10.5% | +18.9% | 100% |
| Q1 2025 | -16.6% | -4.6% | -12.0% | 100% |
| Q4 2024 | -1.6% | +2.1% | -3.7% | 100% |
| Q3 2024 | +4.5% | +5.4% | -0.9% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.3B | 44 |
| Q1 2026 | $1.5B | 37 |
| Q4 2025 | $1.8B | 35 |
| Q3 2025 | $2.2B | 35 |
| Q2 2025 | $2.0B | 34 |
| Q1 2025 | $1.6B | 33 |
| Q4 2024 | $2.8B | 34 |
| Q3 2024 | $3.6B | 37 |
| Q2 2024 | $3.4B | 34 |
| Q1 2024 | $4.4B | 36 |
| Q4 2023 | $4.1B | 40 |
| Q3 2023 | $3.9B | 40 |