ARES MANAGEMENT CORPORATION ARES
CL A COM STK · Common Stock · CUSIP 03990B101 · ISIN US03990B1017
Asset management company
- SectorFinancials
- IndustryInvestment Advice
- HeadquartersLos Angeles, CA
- Founded1997
- Websitearesmgmt.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($24.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $132.92. Options: 15 managers hold calls ($98.0m notional), 12 hold puts ($316.2m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 371 |
| Q4 2022 | 408 |
| Q1 2023 | 438 |
| Q2 2023 | 447 |
| Q3 2023 | 490 |
| Q4 2023 | 551 |
| Q1 2024 | 607 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 223 | 167 |
| Q1 2023 | 233 | 179 |
| Q2 2023 | 207 | 209 |
| Q3 2023 | 257 | 177 |
| Q4 2023 | 280 | 214 |
| Q1 2024 | 309 | 262 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $17.6m | $5.9m | 0.33 |
| Q3 2023 | $25.3m | $22.0m | 0.87 |
| Q4 2023 | $36.4m | $47.5m | 1.31 |
| Q1 2024 | $98.0m | $316.2m | 3.23 |
Biggest buyers
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | New | +3.2m |
| MORGAN STANLEY | Added | +2.0m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.7m |
| EAGLE ASSET MANAGEMENT INC | New | +1.0m |
| Qube Research & Technologies Ltd | Added | +468.9k |
| NORGES BANK | Added | +458.3k |
| BlackRock Inc. | Added | +411.9k |
| Legal & General Group Plc | Added | +283.5k |
| Amundi | Added | +249.4k |
| CITADEL ADVISORS LLC | Added | +237.6k |
Biggest sellers
| Curated Wealth Partners LLC | Sold out | -1.7m |
| Boston Partners | Reduced | -945.9k |
| LORD, ABBETT & CO. LLC | Reduced | -679.5k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -587.5k |
| KEYSTONE INVESTORS PTE LTD | Reduced | -513.0k |
| Fiera Capital Corp | Reduced | -481.6k |
| JPMORGAN CHASE & CO | Reduced | -401.8k |
| HMI Capital Management, L.P. | Reduced | -355.7k |
| GOLDMAN SACHS GROUP INC | Reduced | -272.4k |
| Bank of New York Mellon Corp | Reduced | -261.5k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $31.5m237.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $26.3m198.0k shares |
| BANK OF MONTREAL /CAN/ | New | $9.9m73.2k shares |
| BARCLAYS PLC | New | $8.6m64.3k shares |
| CITADEL ADVISORS LLC | Added | $8.5m64.1k shares |
| PEAK6 Investments LLC | Added | $4.9m36.8k shares |
| Caption Management, LLC | New | $2.8m21.0k shares |
| Parallax Volatility Advisers, L.P. | New | $2.3m17.5k shares |
| Interval Partners, LP | Reduced | $1.3m100 shares |
| SIMPLEX TRADING, LLC | Added | $1.1m7.9k shares |
Biggest puts
| Curated Wealth Partners LLC | New | $221.2m1.7m shares |
| GROUP ONE TRADING LLC | Unchanged | $26.1m196.0k shares |
| 1832 Asset Management L.P. | New | $18.6m140.0k shares |
| JANE STREET GROUP, LLC | Added | $18.3m137.5k shares |
| SIMPLEX TRADING, LLC | Added | $10.6m79.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $10.1m75.9k shares |
| CITADEL ADVISORS LLC | Added | $5.6m42.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $2.7m20.3k shares |
| Walleye Trading LLC | Added | $1.7m12.7k shares |
| Walleye Capital LLC | New | $824.5k6.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| RESSLER ANTONY P 13G · exempt (held before listing) -1.1 pts · filed 2026-08-13 | 33.1% |
| Ares Partners Holdco LLC 13G · exempt (held before listing) -1.0 pts · filed 2026-08-13 | 32.4% |
| BlackRock, Inc. 13G · institution +2.0 pts · filed 2026-01-21 | 7.2% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.0% |
Fell to 5% or below in the last year: WELLINGTON MANAGEMENT GROUP LLP (4.3%, 2026-08-13), Capital World Investors (4.8%, 2026-08-12), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2022 | 0 | — | 1 | $2.3m | — |
| Q3 2022 | 0 | — | 1 | $544.9k | — |
| Q4 2022 | 0 | — | 5 | $139.3m | — |
| Q1 2023 | 0 | — | 1 | $63.1m | — |
| Q2 2023 | 1 | $100.8k | 4 | $104.6m | — |
| Q3 2023 | 1 | $980.8k | 5 | $131.9m | $117.1m |
| Q4 2023 | 0 | — | 3 | $36.2m | $20.4m |
| Q1 2024 | 0 | — | 5 | $523.1m | $103.5m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-28 | RESSLER ANTONY P Co-Founder & Exec. Chairman, director · By TJ Capital Investors, LLC | Sold plan | $5.4m40.5k shares |
| 2024-03-27 | RESSLER ANTONY P Co-Founder & Exec. Chairman, director · By TJ Capital Investors, LLC | Sold plan | $6.4m48.6k shares |
| 2024-03-26 | RESSLER ANTONY P Co-Founder & Exec. Chairman, director · By TJ Capital Investors, LLC | Sold plan | $3.2m23.8k shares |
| 2024-03-25 | RESSLER ANTONY P Co-Founder & Exec. Chairman, director · By TJ Capital Investors, LLC | Sold plan | $2.5m18.9k shares |
| 2024-03-25 | Arougheti Michael J Co-Founder, CEO and President, director · By Atticus Enterprises LLC | Sold plan | $601.4k4.5k shares |
| 2024-03-22 | Arougheti Michael J Co-Founder, CEO and President, director · By Atticus Enterprises LLC | Sold plan | $2.1m15.3k shares |
| 2024-03-22 | RESSLER ANTONY P Co-Founder & Exec. Chairman, director · By TJ Capital Investors, LLC | Sold plan | $2.1m15.3k shares |
| 2024-03-21 | RESSLER ANTONY P Co-Founder & Exec. Chairman, director · By TJ Capital Investors, LLC | Sold plan | $7.9m57.8k shares |
| 2024-03-21 | Arougheti Michael J Co-Founder, CEO and President, director · By Atticus Enterprises LLC | Sold plan | $7.7m56.6k shares |
| 2024-03-21 | KAPLAN DAVID B Co-Founder, director · By Trently Holdings, LLC | Sold plan | $3.6m26.5k shares |
| 2024-03-21 | Rosenthal Bennett Co-Founder & Chairman of PEG, director · By BAR Holdings, LLC | Sold plan | $658.4k4.8k shares |
| 2024-03-20 | KAPLAN DAVID B Co-Founder, director · By Trently Holdings, LLC | Sold plan | $2.7m20.0k shares |
| 2024-03-20 | Arougheti Michael J Co-Founder, CEO and President, director · By Atticus Enterprises LLC | Sold plan | $2.6m19.7k shares |
| 2024-03-20 | RESSLER ANTONY P Co-Founder & Exec. Chairman, director · By TJ Capital Investors, LLC | Sold plan | $2.4m18.2k shares |
| 2024-03-20 | Rosenthal Bennett Co-Founder & Chairman of PEG, director · By BAR Holdings, LLC | Sold plan | $2.4m17.7k shares |
| 2024-03-19 | Arougheti Michael J Co-Founder, CEO and President, director · By Atticus Enterprises LLC | Sold plan | $2.3m17.5k shares |
| 2024-03-19 | KAPLAN DAVID B Co-Founder, director · By Trently Holdings, LLC | Sold plan | $2.3m17.3k shares |
| 2024-03-19 | RESSLER ANTONY P Co-Founder & Exec. Chairman, director · By TJ Capital Investors, LLC | Sold plan | $2.3m17.2k shares |
| 2024-03-19 | Rosenthal Bennett Co-Founder & Chairman of PEG, director · By BAR Holdings, LLC | Sold plan | $2.3m17.1k shares |
| 2024-03-18 | Arougheti Michael J Co-Founder, CEO and President, director · By Atticus Enterprises LLC | Sold plan | $2.9m22.2k shares |
| 2024-03-18 | Rosenthal Bennett Co-Founder & Chairman of PEG, director · By BAR Holdings, LLC | Sold plan | $2.9m22.2k shares |
| 2024-03-18 | KAPLAN DAVID B Co-Founder, director · By Trently Holdings, LLC | Sold plan | $2.9m22.1k shares |
| 2024-03-18 | RESSLER ANTONY P Co-Founder & Exec. Chairman, director · By TJ Capital Investors, LLC | Sold plan | $2.9m22.1k shares |
| 2024-03-15 | Arougheti Michael J Co-Founder, CEO and President, director | Sold plan | $5.2m39.2k shares |
| 2024-03-15 | KAPLAN DAVID B Co-Founder, director · By Trently Holdings, LLC | Sold plan | $5.2m39.1k shares |
| 2024-03-15 | RESSLER ANTONY P Co-Founder & Exec. Chairman, director · By TJ Capital Investors, LLC | Sold plan | $5.2m38.9k shares |
| 2024-03-15 | Rosenthal Bennett Co-Founder & Chairman of PEG, director · By BAR Holdings, LLC | Sold plan | $5.1m38.2k shares |
| 2024-03-14 | Arougheti Michael J Co-Founder, CEO and President, director | Sold plan | $9.9m74.6k shares |
| 2024-03-07 | RESSLER ANTONY P Co-Founder & Exec. Chairman, director · By TJ Capital Investors, LLC | Sold | $390.9m3.0m shares |
| 2024-02-16 | deVeer R. Kipp Head of Credit Group, director | Sold | $10.9m80.6k shares |
The latest 30 of 32 trades.
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| WELLINGTON MANAGEMENT GROUP LLP 0.41% of their portfolio | 17.5m $2.3bn | Added +1.7m |
| VANGUARD GROUP INC 0.04% of their portfolio | 16.6m $2.2bn | Added +207.0k |
| SUMITOMO MITSUI FINANCIAL GROUP, INC. 55.13% of their portfolio | 13.4m $1.8bn | Unchanged |
| BlackRock Inc. 0.04% of their portfolio | 12.2m $1.6bn | Added +411.9k |
| Capital World Investors 0.24% of their portfolio | 11.1m $1.5bn | Unchanged |
| FMR LLC 0.06% of their portfolio | 7.0m $933.1m | Added +53.0k |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 6.7m $895.2m | Reduced -401.8k |
| Capital International Investors 0.15% of their portfolio | 5.6m $740.7m | Unchanged |
| MORGAN STANLEY 0.02% of their portfolio | 5.4m $713.8m | Added +2.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 4.0m $526.8m | Reduced -152.0k |
| FRANKLIN RESOURCES INC 0.16% of their portfolio | 3.7m $497.9m | Reduced -128.5k |
| STATE STREET CORP 0.02% of their portfolio | 3.5m $464.7m | Added +155.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.13% of their portfolio | 3.2m $424.3m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 2.6m $344.2m | Added +120.2k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 2.5m $337.2m | Reduced -24.9k |
| NORGES BANK 0.05% of their portfolio | 2.2m $290.7m | Added +458.3k |
| Boston Partners 0.31% of their portfolio | 2.0m $260.6m | Reduced -945.9k |
| CIBC Private Wealth Group LLC 0.49% of their portfolio | 1.9m $249.6m | Reduced -13.0k |
| AMERICAN CENTURY COMPANIES INC 0.16% of their portfolio | 1.9m $247.7m | Reduced -35.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.25% of their portfolio | 1.8m $235.9m | Reduced -9.0k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 1.6m $216.4m | Reduced -261.5k |
| Invesco Ltd. 0.05% of their portfolio | 1.6m $214.1m | Reduced -29.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.12% of their portfolio | 1.6m $208.4m | Reduced -440 |
| HMI Capital Management, L.P. 7.09% of their portfolio | 1.4m $192.7m | Reduced -355.7k |
| Vulcan Value Partners, LLC 2.62% of their portfolio | 1.4m $180.4m | Reduced -194.9k |
| Corient Private Wealth LP 0.29% of their portfolio | 1.2m $164.5m | Reduced -16.3k |
| Hamlin Capital Management, LLC 4.60% of their portfolio | 1.2m $155.6m | Reduced -161.3k |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 1.1m $140.9m | Reduced -223.9k |
| EAGLE ASSET MANAGEMENT INC 0.69% of their portfolio | 1.0m $136.0m | New |
| NORTHERN TRUST CORP 0.02% of their portfolio | 923.3k $122.8m | Added +62.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 889.7k $118.3m | Reduced -136.1k |
| PEREGRINE CAPITAL MANAGEMENT LLC 3.20% of their portfolio | 839.0k $111.6m | Reduced -13.9k |
| JANUS HENDERSON GROUP PLC 0.06% of their portfolio | 834.6k $111.0m | Added +134.8k |
| Legal & General Group Plc 0.03% of their portfolio | 731.6k $97.3m | Added +283.5k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 700.8k $93.2m | Reduced -272.4k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.45% of their portfolio | 649.3k $86.3m | Reduced -9.7k |
| Quilter Plc 2.02% of their portfolio | 641.1k $85.3m | Reduced -17.6k |
| Perpetual Ltd 0.83% of their portfolio | 634.9k $84.4m | Reduced -44.2k |
| FEDERATED HERMES, INC. 0.19% of their portfolio | 625.0k $83.1m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 612.4k $81.4m | Added +4.2k |
| TRUIST FINANCIAL CORP 0.12% of their portfolio | 605.8k $80.6m | Reduced -39.6k |
| Qube Research & Technologies Ltd 0.14% of their portfolio | 573.2k $76.2m | Added +468.9k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 567.7k $75.5m | Added +58.4k |
| UBS Group AG 0.02% of their portfolio | 470.6k $62.6m | Added +86.0k |
| LORD, ABBETT & CO. LLC 0.10% of their portfolio | 460.4k $61.2m | Reduced -679.5k |
| Junto Capital Management LP 1.32% of their portfolio | 449.3k $59.8m | Reduced -84.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 446.1k $59.3m | Added +12.9k |
| BARCLAYS PLC 0.03% of their portfolio | 430.6k $57.3m | Reduced -14.5k |
| KEYSTONE INVESTORS PTE LTD 4.87% of their portfolio | 421.3k $56.0m | Reduced -513.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 397.3k $52.8m | Added +59.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 395.9k $52.6m | Added +10.6k |
| RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio | 366.1k $48.7m | Reduced -36.9k |
| 1832 Asset Management L.P. 0.09% of their portfolio | 358.7k $47.7m | Reduced -148.0k |
| FIL Ltd 0.05% of their portfolio | 344.6k $45.8m | Reduced -79.5k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 1.66% of their portfolio | 344.3k $45.8m | Reduced -13.3k |
| Amundi 0.02% of their portfolio | 330.7k $43.2m | Added +249.4k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 315.1k $41.9m | Reduced -23.7k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 305.1k $40.6m | Reduced -52.5k |
| California Public Employees Retirement System 0.03% of their portfolio | 302.3k $40.2m | Added +1.6k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 288.5k $38.4m | Reduced -587.5k |
| CAT ROCK CAPITAL MANAGEMENT LP 4.29% of their portfolio | 282.0k $37.5m | Reduced -37.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 271.9k $36.2m | Reduced -151.6k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 270.2k $35.9m | Reduced -11.1k |
| CREDIT SUISSE AG/ 0.03% of their portfolio | 262.7k $34.9m | Reduced -10.6k |
| National Pension Service 0.04% of their portfolio | 240.9k $32.0m | Reduced -5.1k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 238.2k $31.7m | Added +237.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 235.9k $31.4m | Added +360 |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 231.6k $30.8m | Reduced -36.5k |
| SAMLYN CAPITAL, LLC 0.53% of their portfolio | 231.1k $30.7m | New |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 223.0k $29.7m | Added +4.2k |
| TUDOR INVESTMENT CORP ET AL 0.36% of their portfolio | 222.3k $29.6m | Added +107.2k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 211.3k $28.1m | Added +77.7k |
| ROYCE & ASSOCIATES LP 0.25% of their portfolio | 207.4k $27.6m | Reduced -73.3k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.23% of their portfolio | 205.9k $27.4m | Reduced -45.6k |
| TWINBEECH CAPITAL LP 0.56% of their portfolio | 204.7k $27.2m | Added +167.9k |
| SEGALL BRYANT & HAMILL, LLC 0.50% of their portfolio | 201.8k $26.8m | Reduced -44.2k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 199.9k $26.6m | Reduced -79.3k |
| Sumitomo Mitsui DS Asset Management Company, Ltd 0.32% of their portfolio | 196.2k $26.1m | Reduced -274 |
| Partners Group Holding AG 2.82% of their portfolio | 193.6k $25.7m | Reduced -222.4k |
| NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio | 192.4k $27.4m | Reduced -638 |
| Oribel Capital Management, LP 2.90% of their portfolio | 190.3k $25.3m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 181.8k $24.2m | Reduced -17.1k |
| MAVERICK CAPITAL LTD 0.45% of their portfolio | 174.7k $23.2m | New |
| ANGELES WEALTH MANAGEMENT, LLC 2.31% of their portfolio | 173.3k $23.1m | Added +29.1k |
| Korea Investment CORP 0.05% of their portfolio | 161.0k $21.4m | Added +52.4k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.18% of their portfolio | 154.6k $20.6m | Reduced -3.2k |
| Northern Right Capital Management, L.P. 7.20% of their portfolio | 149.9k $19.9m | Reduced -25.0k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 145.5k $19.4m | Reduced -21.9k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 126.1k $16.8m | Added +32.5k |
| M&G PLC 0.10% of their portfolio | 125.1k $16.6m | First filing |
| Gradient Investments LLC 0.38% of their portfolio | 122.2k $16.2m | Reduced -15.4k |
| Candriam S.C.A. 0.10% of their portfolio | 121.9k $16.2m | Added +50.9k |
| DEARBORN PARTNERS LLC 0.69% of their portfolio | 120.2k $16.0m | Reduced -50.1k |
| Rockefeller Capital Management L.P. 0.05% of their portfolio | 117.1k $15.6m | Reduced -1.9k |
| DNB Asset Management AS 0.08% of their portfolio | 113.4k $15.1m | Added +1.7k |
| Incline Global Management LLC 4.73% of their portfolio | 112.0k $14.9m | Reduced -27.8k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.04% of their portfolio | 110.8k $14.7m | Added +61.9k |
| Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio | 110.7k $14.7m | Added +4.3k |
| Janney Montgomery Scott LLC 0.04% of their portfolio | 109.4k $14.6m | Reduced -5.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 109.3k $14.5m | Added +290 |