Vault-13

ARES MANAGEMENT CORPORATION ARES 6.75 10.01.27 B

6.75 SE B PFD · PUBLIC · CUSIP 03990B309

74 institutional holders +16 vs Q4 2024
36,025,76536.0m shares reported held*
$1.3bnreported value*
22 new 19 added 21 reduced 7 sold out net bought ≈ $70.5m (+9.3m shares)

* 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 ($2.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.41.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q4 24: 58Q1 25: 7474Q4 24Q1 25
Numbers
QuarterHolders
Q4 202458
Q1 202574

Biggest buyers

Fosun International Ltd New +8,000,000+8.0m
VOYA INVESTMENT MANAGEMENT LLC Added +3,185,100+3.2m
Portman Square Capital LLP New +1,050,000+1.1m
TWO SIGMA INVESTMENTS, LP Added +557,124+557.1k
VICTORY CAPITAL MANAGEMENT INC Added +292,877+292.9k
FRANKLIN RESOURCES INC Added +274,075+274.1k
Magnetar Financial LLC New +260,000+260.0k
Thrivent Financial for Lutherans New +252,210+252.2k
PIER 88 INVESTMENT PARTNERS LLC New +138,350+138.3k
BARCLAYS PLC Added +137,725+137.7k

Biggest sellers

Shaolin Capital Management LLC Sold out -1,433,687-1.4m
WELLINGTON MANAGEMENT GROUP LLP Reduced -945,220-945.2k
JANE STREET GROUP, LLC Reduced -930,234-930.2k
FMR LLC Reduced -470,400-470.4k
BlueCrest Capital Management Ltd Sold out -304,460-304.5k
BANK OF AMERICA CORP /DE/ Reduced -265,868-265.9k
Thrivent Financial for Lutherans Sold out -254,200-254.2k
Context Capital Management, LLC Reduced -150,000-150.0k
Calamos Advisors LLC Reduced -142,060-142.1k
NORGES BANK Reduced -125,000-125.0k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Fosun International Ltd 1.09% of their portfolio HONG KONG, F4 8,000,0008.0m $3.9m $3.9m 1.09% New
2 VOYA INVESTMENT MANAGEMENT LLC 0.18% of their portfolio ATLANTA, GA 6,747,0006.7m $325.3m $325.3m 0.18% Added +3.2m +3,185,100
3 FRANKLIN RESOURCES INC 0.05% of their portfolio San Mateo, CA 3,692,7463.7m $178.0m $178.0m 0.05% Added +274.1k +274,075
4 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,522,5002.5m $2.4m $2.4m 0.00% Added +81.5k +81,550
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,506,6742.5m $120.8m $120.8m 0.00% Reduced -69.5k -69,476
6 Calamos Advisors LLC 0.42% of their portfolio NAPERVILLE, IL 1,828,8551.8m $88.2m $88.2m 0.42% Reduced -142.1k -142,060
7 VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio San Antonio, TX 1,225,0181.2m $59.1m $59.1m 0.06% Added +292.9k +292,877
8 Portman Square Capital LLP 6.88% of their portfolio London, X0 1,050,0001.1m $49.8m $49.8m 6.88% New
9 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 887,159887.2k $42.3m $42.3m 0.01% Added +30.1k +30,139
10 ADVENT CAPITAL MANAGEMENT /DE/ 0.97% of their portfolio NEW YORK, NY 881,034881.0k $42.2m $42.2m 0.97% Added +105.3k +105,251
11 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 793,846793.8k $38.3m $38.3m 0.00% Added +21.9k +21,908
12 CREDIT INDUSTRIEL ET COMMERCIAL 5.27% of their portfolio PARIS FRANCE, I0 625,000625.0k $29.1m $29.1m 5.27% Unchanged
13 TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio NEW YORK, NY 564,938564.9k $27.2m $27.2m 0.06% Added +557.1k +557,124
14 FMR LLC 0.00% of their portfolio BOSTON, MA 508,970509.0k $24.3m $24.3m 0.00% Reduced -470.4k -470,400
15 Clearbridge Investments, LLC 0.02% of their portfolio NEW YORK, NY 496,537496.5k $23.9m $23.9m 0.02% Reduced -67.8k -67,791
16 MacKay Shields LLC 0.74% of their portfolio New York, NY 481,629481.6k $23.1m $23.1m 0.74% Reduced -2.5k -2,518
17 NORGES BANK 0.00% of their portfolio OSLO, Q8 475,000475.0k $22.9m $22.9m 0.00% Reduced -125.0k -125,000
18 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 428,000428.0k $20.3m $20.3m 0.00% Reduced -60.0k -60,000
19 LORD, ABBETT & CO. LLC 0.06% of their portfolio JERSEY CITY, NJ 336,425336.4k $16.2m $16.2m 0.06% Reduced -65.9k -65,921
20 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 326,540326.5k $15.7m $15.7m 0.01% Added +13.5k +13,516
21 Context Capital Management, LLC 0.61% of their portfolio LAJOLLA, CA 325,000325.0k $15.7m $15.7m 0.61% Reduced -150.0k -150,000
22 SSI INVESTMENT MANAGEMENT LLC 1.04% of their portfolio Los Angeles, CA 280,874280.9k $13.4m $13.4m 1.04% Added +61.8k +61,814
23 Magnetar Financial LLC 0.16% of their portfolio EVANSTON, IL 260,000260.0k $12.4m $12.4m 0.16% New
24 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 252,210252.2k $12.2m $12.2m 0.03% New
25 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 250,000250.0k $12.1m $12.1m 0.00% First filing
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 243,385243.4k $11.7m $11.7m 0.00% Reduced -265.9k -265,868
27 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 239,315239.3k $11.3m $11.3m 0.00% Reduced -945.2k -945,220
28 ANGELO GORDON & CO., L.P. 1.82% of their portfolio NEW YORK, NY 220,000220.0k $10.5m $10.5m 1.82% Unchanged
29 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 215,244215.2k $10.4m $10.4m 0.02% Reduced -930.2k -930,234
30 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 162,343162.3k $7.8m $7.8m 0.00% Added +137.7k +137,725
31 INFRASTRUCTURE CAPITAL ADVISORS, LLC 0.96% of their portfolio New York, NY 157,437157.4k $7.6m $7.6m 0.96% Added +16.5k +16,526
32 PIER 88 INVESTMENT PARTNERS LLC 1.28% of their portfolio SAN FRANCISCO, CA 138,350138.3k $6.7m $6.7m 1.28% New
33 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 125,000125.0k $6.0m $6.0m 0.01% New
34 GABELLI FUNDS LLC 0.04% of their portfolio Rye, NY 119,000119.0k $5.6m $5.6m 0.04% Unchanged
35 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 100,000100.0k $4.7m $4.7m 0.01% Reduced -100.0k -100,000
36 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 85,00085.0k $4.1m $4.1m 0.00% Unchanged
37 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 75,00075.0k $3.6m $3.6m 0.00% New
38 RATIONAL ADVISORS, INC. 0.35% of their portfolio San Juan, PR 72,10072.1k $3.5m $3.5m 0.35% New
39 Penserra Capital Management LLC 0.06% of their portfolio ORINDA, CA 71,03871.0k $3.4m $3.4m 0.06% New
40 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 67,50067.5k $3.3m $3.3m 0.00% Added +2.7k +2,700
41 LAFFER TENGLER INVESTMENTS, INC. 0.68% of their portfolio Scottsdale, AZ 66,61566.6k $3.2m $3.2m 0.68% Added +10.0k +10,030
42 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 60,00060.0k $2.9m $2.9m 0.01% Unchanged
43 Alken Asset Management Ltd 4.62% of their portfolio LONDON, X0 60,00060.0k $2.9m $2.9m 4.62% New
44 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 48,61748.6k $2.3m $2.3m 0.00% Reduced -6.8k -6,832
45 WOLVERINE ASSET MANAGEMENT LLC 0.04% of their portfolio CHICAGO, IL 42,09742.1k $2.0m $2.0m 0.04% Reduced -6.5k -6,499
46 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 35,46435.5k $1.7m $1.7m 0.00% Reduced -14.5k -14,524
47 Uniplan Investment Counsel, Inc. 0.16% of their portfolio MILWAUKEE, WI 33,90833.9k $1.6m $1.6m 0.16% Reduced -1.6k -1,564
48 PALISADE CAPITAL MANAGEMENT, LP 0.04% of their portfolio FORT LEE, NJ 30,00030.0k $1.4m $1.4m 0.04% Added +15.0k +15,000
49 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 25,00025.0k $1.2m $1.2m 0.01% Added +5.0k +5,000
50 Ionic Capital Management LLC 1.10% of their portfolio NEW YORK, NY 20,00020.0k $964.2k $964.2k 1.10% Unchanged
51 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 16,52416.5k $796.6k $796.6k 0.00% Reduced -33.8k -33,822
52 Elequin Capital, LP 0.13% of their portfolio NEW YORK, NY 15,00015.0k $710.2k $710.2k 0.13% New
53 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 14,85014.8k $7.2k $7.2k 0.00% Added +6.8k +6,750
54 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 10,91210.9k $526.1k $526.1k 0.00% Added +7.8k +7,755
55 Central Pacific Bank - Trust Division 0.06% of their portfolio HONOLULU, HI 8,8308.8k $425.7k $425.7k 0.06% New
56 Stonegate Investment Group, LLC 0.01% of their portfolio BIRMINGHAM, AL 7,8107.8k $376.5k $376.5k 0.01% New
57 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 6,2046.2k $299.1k $299.1k 0.00% Reduced -129 -129
58 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 6,0006.0k $291.5k $291.5k 0.01% Unchanged
59 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 5,3175.3k $256.3k $256.3k 0.00% Added +1.1k +1,097
60 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 5,2505.2k $253.1k $253.1k 0.00% Unchanged
61 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 4,7334.7k $228.2k $228.2k 0.00% New
62 Sculptor Capital LP 0.01% of their portfolio New York, NY 4,6374.6k $223.6k $223.6k 0.01% New
63 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,3461.3k $64.0k $64.0k 0.00% New
64 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,3001.3k $62.7k $62.7k 0.00% New
65 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 867867 $41.8k $41.8k 0.00% Reduced -76 -76
66 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 514514 $25.0k $25.0k 0.00% Reduced -1.1k -1,144
67 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 385385 $18.0k $18.0k 0.00% New
68 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 216216 $10.4k $10.4k 0.00% New
69 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 200200 $9.7k $9.7k 0.00% New
70 COMERICA BANK 0.00% of their portfolio DALLAS, TX 5050 $2.4k $2.4k 0.00% Unchanged
71 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 3232 $1.5k $1.5k 0.00% New
72 TD PRIVATE CLIENT WEALTH LLC 0.00% of their portfolio NEW YORK, NY 2222 $1.1k $1.1k 0.00% Unchanged
73 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1010 $482 $482 0.00% New
74 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged