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 ($89.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $111.05. Options: 26 managers hold calls ($385.4m notional), 39 hold puts ($478.3m).
Trends to Q2 2026
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 |
| Q2 2024 | 617 |
| Q3 2024 | 659 |
| Q4 2024 | 736 |
| Q1 2025 | 746 |
| Q2 2025 | 770 |
| Q3 2025 | 781 |
| Q4 2025 | 834 |
| Q1 2026 | 801 |
| Q2 2026 | 806 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 372 | 251 |
| Q4 2024 | 378 | 265 |
| Q1 2025 | 424 | 302 |
| Q2 2025 | 412 | 342 |
| Q3 2025 | 413 | 313 |
| Q4 2025 | 435 | 348 |
| Q1 2026 | 423 | 437 |
| Q2 2026 | 472 | 340 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $194.2m | $273.1m | 1.41 |
| Q4 2025 | $298.9m | $347.8m | 1.16 |
| Q1 2026 | $408.3m | $607.8m | 1.49 |
| Q2 2026 | $385.4m | $478.3m | 1.24 |
Biggest buyers
| BANK OF AMERICA CORP /DE/ | Added | +7.7m |
| T. Rowe Price Investment Management, Inc. | New | +2.8m |
| UBS Group AG | Added | +1.2m |
| BESSEMER GROUP INC | Added | +1.1m |
| MORGAN STANLEY | Added | +1.1m |
| FMR LLC | Added | +988.7k |
| JPMORGAN CHASE & CO | Added | +869.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +785.0k |
| BlackRock, Inc. | Added | +713.5k |
| BCV Asset Management Inc. | New | +509.3k |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -2.0m |
| Nuveen, LLC | Reduced | -1.9m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -1.7m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.6m |
| Capital World Investors | Reduced | -1.1m |
| Point72 Asset Management, L.P. | Reduced | -1.0m |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -964.9k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -805.9k |
| WESTFIELD CAPITAL MANAGEMENT CO LP | Reduced | -620.8k |
| FRANKLIN RESOURCES INC | Reduced | -374.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $66.6m598.7k shares |
| CITIGROUP INC | New | $62.5m561.3k shares |
| Walleye Trading LLC | Reduced | $51.4m462.2k shares |
| JANE STREET GROUP, LLC | Reduced | $39.6m356.1k shares |
| GROUP ONE TRADING LLC | Reduced | $31.9m286.6k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $30.1m2.7k shares |
| CITADEL ADVISORS LLC | Reduced | $28.1m252.0k shares |
| IMC-Chicago, LLC | Added | $26.3m236.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.2m74.1k shares |
| Jefferies Financial Group Inc. | Added | $8.2m73.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $134.2m1.2m shares |
| CITIGROUP INC | Reduced | $96.3m864.8k shares |
| Parallax Volatility Advisers, L.P. | Added | $42.0m377.3k shares |
| JANE STREET GROUP, LLC | Added | $38.5m346.3k shares |
| CITADEL ADVISORS LLC | Reduced | $36.7m329.6k shares |
| IMC-Chicago, LLC | Reduced | $28.9m259.5k shares |
| GROUP ONE TRADING LLC | Reduced | $15.5m139.2k shares |
| Portman Square Capital LLP | Reduced | $14.5m130.3k shares |
| D. E. Shaw & Co., Inc. | Added | $10.0m89.6k shares |
| Walleye Trading LLC | Reduced | $7.6m68.4k 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 since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 5 | $200.7m | $200.7m |
| Q1 2025 | 1 | $1.4m | 4 | $64.2m | $64.2m |
| Q2 2025 | 0 | — | 3 | $140.7m | $140.7m |
| Q3 2025 | 0 | — | 3 | $468.1m | $468.1m |
| Q4 2025 | 0 | — | 2 | $93.9m | $93.9m |
| Q1 2026 | 2 | $1.3m | 1 | $828.3k | $828.3k |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.03% of their portfolio | 16.9m $1.9bn | Added +713.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 13.8m $1.5bn | Added +260.8k |
| SUMITOMO MITSUI FINANCIAL GROUP, INC. 28.39% of their portfolio | 13.4m $1.5bn | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.09% of their portfolio | 11.9m $1.3bn | Added +7.7m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.05% of their portfolio | 10.9m $1.2bn | Added +127.6k |
| Capital World Investors 0.14% of their portfolio | 10.6m $1.2bn | Reduced -1.1m |
| WELLINGTON MANAGEMENT GROUP LLP 0.18% of their portfolio | 9.5m $1.1bn | Reduced -1.6m |
| STATE STREET CORP 0.03% of their portfolio | 9.0m $999.4m | Added +374.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.10% of their portfolio | 6.7m $751.2m | Added +785.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.41% of their portfolio | 6.6m $740.2m | Reduced -964.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 5.8m $647.9m | Added +219.4k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 5.4m $580.2m | Added +869.8k |
| FRANKLIN RESOURCES INC 0.11% of their portfolio | 4.7m $528.5m | Reduced -374.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.22% of their portfolio | 4.0m $449.7m | Added +31.2k |
| MORGAN STANLEY 0.02% of their portfolio | 3.9m $432.1m | Added +1.1m |
| Capital International Investors 0.07% of their portfolio | 2.9m $318.5m | Reduced -195.2k |
| T. Rowe Price Investment Management, Inc. 0.21% of their portfolio | 2.8m $314.1m | New |
| UBS Group AG 0.05% of their portfolio | 2.6m $293.4m | Added +1.2m |
| NORGES BANK 0.03% of their portfolio | 2.4m $272.1m | Not comparable |
| FMR LLC 0.01% of their portfolio | 2.4m $262.4m | Added +988.7k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 2.3m $260.3m | Added +359.7k |
| LRI Investments, LLC 18.57% of their portfolio | 2.3m $230.9m | Reduced -6.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.08% of their portfolio | 2.2m $241.5m | Reduced -1.7m |
| Invesco Ltd. 0.02% of their portfolio | 2.0m $220.6m | Reduced -254.8k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 2.0m $218.1m | Added +67.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 2.0m $217.1m | Reduced -125.7k |
| Vulcan Value Partners, LLC 6.45% of their portfolio | 1.9m $211.8m | Added +211.4k |
| M&G PLC 0.90% of their portfolio | 1.6m $181.4m | Added +85.3k |
| BROWN ADVISORY INC 0.28% of their portfolio | 1.6m $180.9m | Reduced -325.8k |
| Clearbridge Investments, LLC 0.14% of their portfolio | 1.5m $166.6m | Added +203.6k |
| Jupiter Topco LLC 0.07% of their portfolio | 1.5m $164.0m | First filing |
| Curated Wealth Partners LLC 18.96% of their portfolio | 1.5m $163.6m | Added +1.6k |
| Boston Partners 0.13% of their portfolio | 1.4m $151.1m | Added +329.5k |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 1.2m $137.2m | Reduced -113.9k |
| VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio | 1.2m $134.6m | Added +21.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 1.1m $127.8m | Added +138.1k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.1m $123.5m | Reduced -34.2k |
| BESSEMER GROUP INC 0.17% of their portfolio | 1.1m $123.1m | Added +1.1m |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.1m $118.0m | Added +144.6k |
| Legal & General Group Plc 0.02% of their portfolio | 1.1m $118.0m | Reduced -49.7k |
| CITIGROUP INC 0.05% of their portfolio | 988.9k $110.1m | Added +193.0k |
| Hamlin Capital Management, LLC 2.40% of their portfolio | 959.6k $106.8m | Added +14.3k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.35% of their portfolio | 952.0k $106.0m | Reduced -620.8k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 906.0k $100.9m | Added +360.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 856.5k $95.3m | Reduced -63.7k |
| Quilter Plc 1.40% of their portfolio | 833.1k $92.7m | Reduced -57.8k |
| RDST Capital LLC 7.29% of their portfolio | 791.3k $88.1m | Added +470.3k |
| TRUIST FINANCIAL CORP 0.10% of their portfolio | 737.8k $82.1m | Added +27.3k |
| CAT ROCK CAPITAL MANAGEMENT LP 17.15% of their portfolio | 664.0k $73.9m | Added +75.9k |
| PEREGRINE CAPITAL MANAGEMENT LLC 2.10% of their portfolio | 579.9k $64.6m | Reduced -4.8k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 572.0k $63.7m | Reduced -32.5k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 565.1k $62.9m | Added +18.5k |
| Nuveen, LLC 0.01% of their portfolio | 548.2k $61.0m | Reduced -1.9m |
| Partners Group Holding AG 4.07% of their portfolio | 536.8k $59.8m | Added +20.6k |
| BARCLAYS PLC 0.02% of their portfolio | 518.8k $57.7m | Reduced -158.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 514.9k $57.3m | Added +31.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 510.3k $56.8m | Added +51.7k |
| BCV Asset Management Inc. 1.66% of their portfolio | 509.3k $54.9m | New |
| Amundi 0.01% of their portfolio | 505.4k $56.3m | Added +7.0k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 500.5k $55.7m | Reduced -20.4k |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 454.0k $50.5m | Added +4.1k |
| Advent International, L.P. 0.28% of their portfolio | 445.6k $49.6m | Added +16.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 444.6k $49.5m | Reduced -16.7k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.03% of their portfolio | 437.9k $48.7m | Added +58.1k |
| Corient Private Wealth LP 0.07% of their portfolio | 435.1k $48.4m | Added +115.7k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 432.5k $48.1m | Added +386.8k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 408.9k $45.5m | Added +281.2k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 408.2k $45.2m | Added +39.2k |
| Munich Reinsurance Co Stock Corp in Munich 0.99% of their portfolio | 406.9k $45.3m | Reduced -3.4k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 393.8k $43.8m | Reduced -8.1k |
| Third Point LLC 0.90% of their portfolio | 375.0k $41.7m | New |
| CINCINNATI INSURANCE CO 0.59% of their portfolio | 370.7k $41.3m | Unchanged |
| National Pension Service 0.03% of their portfolio | 367.4k $40.9m | Added +57.6k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 363.0k $40.4m | Reduced -805.9k |
| NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio | 361.8k $40.3m | Added +94.5k |
| Junto Capital Management LP 0.74% of their portfolio | 360.1k $40.1m | New |
| CINCINNATI FINANCIAL CORP 0.75% of their portfolio | 353.2k $39.3m | Unchanged |
| Estuary Capital Management LP 6.56% of their portfolio | 347.1k $38.6m | Added +18.7k |
| SAMLYN CAPITAL, LLC 0.59% of their portfolio | 317.8k $35.4m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 301.5k $33.6m | Reduced -4.2k |
| California Public Employees Retirement System 0.02% of their portfolio | 282.7k $31.5m | Added +3.3k |
| Point72 Asset Management, L.P. 0.05% of their portfolio | 277.6k $30.9m | Reduced -1.0m |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 271.3k $29.6m | Added +36.2k |
| CIBC Bancorp USA Inc. 0.04% of their portfolio | 269.3k $30.0m | Reduced -26.6k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 258.1k $28.7m | Added +42.0k |
| Mirae Asset Global Investments Co., Ltd. 0.05% of their portfolio | 256.0k $28.5m | Added +37.4k |
| Jefferies Financial Group Inc. 0.26% of their portfolio | 251.7k $28.0m | Added +12.7k |
| Rockefeller Capital Management L.P. 0.04% of their portfolio | 250.1k $27.8m | Reduced -15.8k |
| Saba Capital Management, L.P. 0.85% of their portfolio | 249.7k $27.8m | Added +8.6k |
| FEDERATED HERMES, INC. 0.04% of their portfolio | 243.6k $27.1m | Added +31.9k |
| Owl Creek Asset Management, L.P. 2.17% of their portfolio | 220.1k $24.5m | New |
| SEI INVESTMENTS CO 0.02% of their portfolio | 217.3k $24.2m | Reduced -3.1k |
| GW&K Investment Management, LLC 0.19% of their portfolio | 217.1k $24.2m | Added +99.2k |
| Sumitomo Mitsui DS Asset Management Company, Ltd 0.17% of their portfolio | 215.9k $24.0m | Added +37.8k |
| MARSICO CAPITAL MANAGEMENT LLC 0.60% of their portfolio | 207.8k $23.1m | New |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.03% of their portfolio | 206.2k $23.0m | Reduced -7.8k |
| DEARBORN PARTNERS LLC 0.62% of their portfolio | 204.0k $22.5m | Added +102.3k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 199.4k $22.2m | Reduced -6.2k |
| Blue Whale Capital LLP 0.69% of their portfolio | 194.7k $21.7m | Added +8.4k |
| BRUNI J V & CO /CO 1.91% of their portfolio | 188.2k $21.0m | New |