Vault-13

ARES CAPITAL CORP ARCC

COM · Common Stock · CUSIP 04010L103 · ISIN US04010L1035

648 institutional holders +15 vs Q3 2022
168,474,853168.5m shares reported held*
31.7% of all shares outstanding*
$3.1bnreported value*
58 new 282 added 162 reduced 59 sold out net bought ≈ $36.8m (+4.6m 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 ($3.5m this quarter). Holder counts are more reliable. Shares outstanding: 531.4m as of 2023-02-01, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $18.29. Options: 11 managers hold calls ($50.7m notional), 15 hold puts ($218.9m).

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 633Q4 22: 648648Q3 22Q4 22
Numbers
QuarterHolders
Q3 2022633
Q4 2022648

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100m$200m$300mQ3 22 calls: $39.7mQ3 22 puts: $211.0mQ3 22P/C 5.31Q4 22 calls: $50.7mQ4 22 puts: $218.9mQ4 22P/C 4.32
Numbers
QuarterCallsPutsP/C
Q3 2022$39.7m$211.0m5.31
Q4 2022$50.7m$218.9m4.32

Biggest buyers

MARSHALL WACE, LLP Added +2,883,828+2.9m
Cottage Street Advisors LLC Added +2,164,859+2.2m
GOLDMAN SACHS GROUP INC Added +875,899+875.9k
State of Tennessee, Department of Treasury Added +333,980+334.0k
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC Added +324,593+324.6k
ROYAL BANK OF CANADA Added +315,961+316.0k
Clearbridge Investments, LLC Added +312,960+313.0k
VAN ECK ASSOCIATES CORP Added +299,544+299.5k
CITADEL ADVISORS LLC Added +251,273+251.3k
LGT CAPITAL PARTNERS LTD. Added +231,000+231.0k

Biggest sellers

NICOLA WEALTH MANAGEMENT LTD. Sold out -1,060,331-1.1m
PAYDEN & RYGEL Reduced -873,580-873.6k
TWO SIGMA INVESTMENTS, LP Reduced -823,598-823.6k
Nuveen Asset Management, LLC Sold out -569,195-569.2k
BAILLIE GIFFORD & CO Reduced -564,528-564.5k
BANK OF AMERICA CORP /DE/ Reduced -540,585-540.6k
Philadelphia Financial Management of San Francisco, LLC Sold out -394,913-394.9k
ARES MANAGEMENT LLC Reduced -364,680-364.7k
UBS Group AG Reduced -311,507-311.5k
STEPHENS INC /AR/ Reduced -219,228-219.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $17.1m927.0k shares
CITADEL ADVISORS LLC Added $16.2m875.1k shares
GROUP ONE TRADING LLC Added $5.1m274.5k shares
JANE STREET GROUP, LLC Reduced $4.3m235.0k shares
UBS Group AG Reduced $3.7m200.0k shares
SIMPLEX TRADING, LLC Added $2.5m138.0k shares
Walleye Trading LLC Reduced $923.5k50.0k shares
D. E. Shaw & Co., Inc. New $692.6k37.5k shares
III Capital Management Added $135.0k155.0k shares
Cutler Group LLC / CA Added $5.0k11.1k shares

Biggest puts

Deer Park Road Corp Added $157.0m8.5m shares
CITADEL ADVISORS LLC Reduced $16.5m891.0k shares
MILLENNIUM MANAGEMENT LLC Added $13.0m703.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $12.7m688.3k shares
UBS Group AG Reduced $6.0m326.3k shares
Eisler Capital (US) LLC First filing $3.9m200.0k shares
Jefferies Financial Group Inc. New $3.7m200.0k shares
Quinn Opportunity Partners LLC New $2.7m146.0k shares
Point72 Asset Management, L.P. Added $1.7m94.5k shares
Verition Fund Management LLC New $655.7k35.5k 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.

Insider purchases and sales in Q4 2022

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)

BuyingSelling
404Q1 21: 0 buyingQ1 21: 0 sellingQ2 21: 0 buyingQ2 21: 0 sellingQ2 21Q3 21: 0 buyingQ3 21: 0 sellingQ4 21: 0 buyingQ4 21: 1 sellingQ4 21Q1 22: 1 buyingQ1 22: 0 sellingQ2 22: 4 buyingQ2 22: 0 sellingQ2 22Q3 22: 2 buyingQ3 22: 0 sellingQ4 22: 0 buyingQ4 22: 0 sellingQ4 22
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20210—0——
Q2 20210—0——
Q3 20210—0——
Q4 20210—1$515.1k—
Q1 20221$120.3k0——
Q2 20224$6.5m0——
Q3 20222$719.8k0——
Q4 20220—0——

None reported in Q4 2022.

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 11,316,07411.3m $209.0m $209.0m 0.06% Added +316.0k +315,961
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 11,258,25011.3m $207.9m $207.9m 0.02% Added +102.8k +102,796
3 VAN ECK ASSOCIATES CORP 0.27% of their portfolio NEW YORK, NY 5,731,4985.7m $105.9m $105.9m 0.27% Added +299.5k +299,544
4 OMERS ADMINISTRATION Corp 1.66% of their portfolio TORONTO, A6 5,599,6685.6m $103.4m $103.4m 1.66% Reduced -66.4k -66,434
5 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 5,272,9365.3m $97.4m $97.4m 0.01% Reduced -540.6k -540,585
6 MARSHALL WACE, LLP 0.22% of their portfolio LONDON, X0 4,535,8364.5m $83.8m $83.8m 0.22% Added +2.9m +2,883,828
7 CONFLUENCE INVESTMENT MANAGEMENT LLC 1.25% of their portfolio ST. LOUIS, MO 4,528,9224.5m $83.6m $83.6m 1.25% Added +63.6k +63,596
8 Enstar Group LTD 21.08% of their portfolio Hamilton, D0 4,087,7054.1m $75.5m $75.5m 21.08% Added +76.6k +76,610
9 Legal & General Group Plc 0.03% of their portfolio London, X0 3,806,1053.8m $70.3m $70.3m 0.03% Added +224.6k +224,553
10 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 3,801,7743.8m $70.2m $70.2m 0.02% Added +28.5k +28,463
11 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 3,608,5493.6m $66.7m $66.7m 0.02% Added +4.1k +4,102
12 TWO SIGMA ADVISERS, LP 0.16% of their portfolio NEW YORK, NY 3,101,8003.1m $57.3m $57.3m 0.16% Reduced -208.4k -208,400
13 Advisors Capital Management, LLC 1.48% of their portfolio RIDGEWOOD, NJ 2,955,4103.0m $54.6m $54.6m 1.48% Added +154.5k +154,537
14 Border to Coast Pensions Partnership Ltd 1.51% of their portfolio LEEDS, X0 2,545,6482.5m $47.0m $47.0m 1.51% Unchanged
15 HighTower Advisors, LLC 0.11% of their portfolio CHICAGO, IL 2,541,7952.5m $46.9m $46.9m 0.11% Reduced -150.0k -149,952
16 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 2,447,4282.4m $45.2m $45.2m 0.04% Added +130.5k +130,459
17 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,314,2962.3m $42.7m $42.7m 0.02% Reduced -311.5k -311,507
18 Cottage Street Advisors LLC 2.69% of their portfolio MARION, MA 2,308,5062.3m $520.9k $520.9k 2.69% Added +2.2m +2,164,859
19 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 2,049,5942.0m $37.9m $37.9m 0.06% Reduced -37.2k -37,153
20 CCLA Investment Management 0.82% of their portfolio LONDON, X0 1,961,3712.0m $36.2m $36.2m 0.82% Unchanged
21 BlackRock Inc. 0.00% of their portfolio New York, NY 1,904,3961.9m $35.2m $35.2m 0.00% Added +36.9k +36,856
22 Sound Income Strategies, LLC 4.45% of their portfolio FT LAUDERDALE, FL 1,890,5461.9m $34.9m $34.9m 4.45% Added +123.3k +123,264
23 ARES MANAGEMENT LLC 1.68% of their portfolio LOS ANGELES, CA 1,849,4671.8m $34.2m $34.2m 1.68% Reduced -364.7k -364,680
24 1832 Asset Management L.P. 0.07% of their portfolio TORONTO, A6 1,814,6811.8m $33.5m $33.5m 0.07% Reduced -210.3k -210,269
25 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,708,2331.7m $31.6m $31.6m 0.01% Added +875.9k +875,899
26 BAILLIE GIFFORD & CO 0.03% of their portfolio EDINBURGH, X0 1,548,5361.5m $28.6m $28.6m 0.03% Reduced -564.5k -564,528
27 LSV ASSET MANAGEMENT 0.06% of their portfolio CHICAGO, IL 1,544,8621.5m $28.5m $28.5m 0.06% Reduced -300 -300
28 BRUNI J V & CO /CO 3.55% of their portfolio COLORADO SPRINGS, CO 1,371,5421.4m $25.3m $25.3m 3.55% Added +29.2k +29,248
29 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 1,363,2511.4m $25.2m $25.2m 0.03% Added +251.3k +251,273
30 Progeny 3, Inc. 4.20% of their portfolio KIRKLAND, WA 1,308,8381.3m $24.2m $24.2m 4.20% Added +36.4k +36,410
31 NOMURA ASSET MANAGEMENT CO LTD 0.14% of their portfolio TOKYO, M0 1,270,7151.3m $23.5m $23.5m 0.14% Added +80.4k +80,433
32 STEPHENS INC /AR/ 0.46% of their portfolio LITTLE ROCK, AR 1,226,7271.2m $22.7m $22.7m 0.46% Reduced -219.2k -219,228
33 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,222,4361.2m $22.6m $22.6m 0.01% Added +87.5k +87,518
34 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 1,186,9401.2m $21.9m $21.9m 0.04% Added +113.1k +113,077
35 Gilbert & Cook, Inc. 3.94% of their portfolio WEST DES MOINES, IA 1,173,2001.2m $21.7m $21.7m 3.94% Added +152.6k +152,566
36 Partners Group Holding AG 1.62% of their portfolio BAAR-ZUG, V8 1,146,9871.1m $21.2m $21.2m 1.62% Reduced -873 -873
37 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,091,5041.1m $20.2m $20.2m 0.01% Added +129.4k +129,405
38 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,064,0891.1m $19.7m $19.7m 0.00% Added +12.5k +12,522
39 McGowan Group Asset Management, Inc. 3.07% of their portfolio DALLAS, TX 1,045,1191.0m $19.3m $19.3m 3.07% Reduced -3.2k -3,239
40 Cliffwater LLC 5.36% of their portfolio MARINA DEL REY, CA 1,029,4841.0m $19.0m $19.0m 5.36% Added +98.7k +98,687
41 TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio NEW YORK, NY 1,021,6671.0m $18.9m $18.9m 0.06% Reduced -823.6k -823,598
42 CAPITAL ADVISORS INC/OK 0.51% of their portfolio TULSA, OK 981,256981.3k $18.1m $18.1m 0.51% Reduced -16.9k -16,908
43 J.P. Morgan Private Wealth Advisors LLC 0.04% of their portfolio SAN FRANCISCO, CA 968,966969.0k $17.9m $17.9m 0.04% Added +116.5k +116,467
44 SHUFRO ROSE & CO LLC 1.46% of their portfolio NEW YORK, NY 936,267936.3k $17.3m $17.3m 1.46% Added +4.2k +4,225
45 Muzinich & Co., Inc. 14.14% of their portfolio NEW YORK, NY 868,173868.2k $16.0m $16.0m 14.14% Added +24.8k +24,754
46 TCW GROUP INC 0.23% of their portfolio LOS ANGELES, CA 857,874857.9k $15.8m $15.8m 0.23% Reduced -103.9k -103,918
47 Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio CHIYODA-KU, TOKYO, M0 854,276854.3k $15.8m $15.8m 0.01% Added +23.2k +23,166
48 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 820,972821.0k $15.2m $15.2m 0.04% Added +61.1k +61,070
49 NEW SOUTH CAPITAL MANAGEMENT INC 0.65% of their portfolio MEMPHIS, TN 760,669760.7k $14.0m $14.0m 0.65% Reduced -78.3k -78,284
50 Janney Montgomery Scott LLC 0.05% of their portfolio PHILADELPHIA, PA 746,564746.6k $13.8m $13.8m 0.05% Added +21.7k +21,691
51 Naviter Wealth, LLC 3.93% of their portfolio LITTLE ROCK, AR 735,050735.0k $14.3m $14.3m 3.93% Added +8.3k +8,349
52 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 720,152720.2k $13.3m $13.3m 0.07% Added +89.7k +89,739
53 Edgemoor Investment Advisors, Inc. 1.63% of their portfolio BETHESDA, MD 703,809703.8k $13.0m $13.0m 1.63% Added +10.6k +10,649
54 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 659,118659.1k $12.2m $12.2m 0.01% Added +218.6k +218,571
55 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 651,150651.1k $12.0m $12.0m 0.01% Added +127.7k +127,682
56 Skandinaviska Enskilda Banken AB (publ) 0.09% of their portfolio STOCKHOLM, V7 639,125639.1k $11.8m $11.8m 0.09% Added +187.6k +187,600
57 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 619,829619.8k $11.4m $11.4m 0.01% Added +32.8k +32,764
58 MCKINLEY CAPITAL MANAGEMENT LLC 1.51% of their portfolio ANCHORAGE, AK 611,473611.5k $11.3m $11.3m 1.51% Added +135 +135
59 Clearbridge Investments, LLC 0.01% of their portfolio NEW YORK, NY 584,751584.8k $10.8m $10.8m 0.01% Added +313.0k +312,960
60 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 579,082579.1k $10.7m $10.7m 0.01% Reduced -42.4k -42,355
61 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.72% of their portfolio ORLANDO, FL 574,667574.7k $6.9m $6.9m 0.72% Added +324.6k +324,593
62 Baird Financial Group, Inc. 0.03% of their portfolio MILWAUKEE, WI 541,643541.6k $10.0m $10.0m 0.03% Reduced -4.3k -4,317
63 D.A. DAVIDSON & CO. 0.11% of their portfolio GREAT FALLS, MT 525,630525.6k $9.7m $9.7m 0.11% Added +71.5k +71,484
64 CHARTWELL INVESTMENT PARTNERS, LLC 0.38% of their portfolio BERYWN, PA 521,886521.9k $9.6m $9.6m 0.38% Added +1.9k +1,874
65 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 520,084520.1k $9.6m $9.6m 0.00% Reduced -54.9k -54,889
66 Bell Bank 1.02% of their portfolio FARGO, ND 477,587477.6k $8.8m $8.8m 1.02% Added +821 +821
67 Greenwich Investment Management, Inc. 7.01% of their portfolio NORWALK, CT 475,860475.9k $8.8m $8.8m 7.01% Reduced -3.8k -3,849
68 EVERGREEN CAPITAL MANAGEMENT LLC 0.41% of their portfolio Bellevue, WA 471,409471.4k $8.7m $8.7m 0.41% Added +7.7k +7,701
69 EMFO, LLC 8.58% of their portfolio WESTON, FL 463,506463.5k $8.6m $8.6m 8.58% Reduced -13.0k -13,002
70 State of Tennessee, Department of Treasury 0.04% of their portfolio NASHVILLE, TN 461,900461.9k $8.5m $8.5m 0.04% Added +334.0k +333,980
71 Graypoint LLC 1.00% of their portfolio Albany, NY 455,011455.0k $8.4m $8.4m 1.00% Reduced -5.4k -5,375
72 HRT FINANCIAL LP 0.12% of their portfolio NEW YORK, NY 453,950453.9k $8.4m $8.4m 0.12% Added +47.8k +47,750
73 PALISADE CAPITAL MANAGEMENT, LP 0.22% of their portfolio FORT LEE, NJ 436,745436.7k $8.1m $8.1m 0.22% Added +200 +200
74 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 434,147434.1k $8.0m $8.0m 0.00% Added +127.2k +127,184
75 Focus Financial Network, Inc. 0.64% of their portfolio MINNEAPOLIS, MN 425,133425.1k $7.9m $7.9m 0.64% Added +18.7k +18,740
76 Clearstead Advisors, LLC 0.61% of their portfolio CLEVELAND, OH 419,128419.1k $7.7m $7.7m 0.61% Added +27.2k +27,161
77 Advisors Asset Management, Inc. 0.15% of their portfolio Monument, CO 393,646393.6k $7.3m $7.3m 0.15% Reduced -15.4k -15,386
78 LGT CAPITAL PARTNERS LTD. 0.20% of their portfolio PFAEFFIKON, V8 369,000369.0k $6.8m $6.8m 0.20% Added +231.0k +231,000
79 SFMG, LLC 0.75% of their portfolio PLANO, TX 365,695365.7k $6.8m $6.8m 0.75% Reduced -8.3k -8,257
80 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.43% of their portfolio EDINA, MN 359,175359.2k $6.6m $6.6m 0.43% Reduced -34.0k -34,002
81 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.05% of their portfolio Cincinnati, OH 356,952357.0k $6.6m $6.6m 0.05% Unchanged
82 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 354,746354.7k $6.6m $6.6m 0.01% Reduced -31.9k -31,910
83 Kestra Advisory Services, LLC 0.06% of their portfolio AUSTIN, TX 347,443347.4k $6.4m $6.4m 0.06% Added +24.8k +24,840
84 OPPENHEIMER & CO INC 0.15% of their portfolio NEW YORK, NY 346,874346.9k $6.4m $6.4m 0.15% Added +4.9k +4,871
85 Chicago Partners Investment Group LLC 0.40% of their portfolio CHICAGO, IL 322,754322.8k $6.5m $6.5m 0.40% Added +23.4k +23,411
86 DAVENPORT & Co LLC 0.05% of their portfolio RICHMOND, VA 314,780314.8k $5.8m $5.8m 0.05% Reduced -2.9k -2,935
87 ROMANO BROTHERS AND COMPANY 0.84% of their portfolio EVANSTON, IL 300,631300.6k $5.6m $5.6m 0.84% Reduced -241 -241
88 INDEPENDENT FINANCIAL GROUP, LLC 0.47% of their portfolio SAN DIEGO, CA 298,492298.5k $5.5m $5.5m 0.47% Added +53.3k +53,257
89 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 291,448291.4k $5.4m $5.4m 0.01% Added +5.4k +5,438
90 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 287,808287.8k $5.3m $5.3m 0.02% First filing
91 Hilton Capital Management, LLC 0.64% of their portfolio Garden City, NY 287,055287.1k $4.8m $4.8m 0.64% Unchanged
92 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 284,174284.2k $5.2m $5.2m 0.01% Added +18.9k +18,927
93 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 283,133283.1k $5.2m $5.2m 0.02% Added +882 +882
94 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 281,109281.1k $5.2m $5.2m 0.01% Reduced -30.6k -30,573
95 Sargent Investment Group, LLC 1.60% of their portfolio BETHESDA, MD 278,417278.4k $5.1m $5.1m 1.60% Reduced -3.0k -3,000
96 CAPTRUST FINANCIAL ADVISORS 0.03% of their portfolio RALEIGH, NC 278,100278.1k $5.1m $5.1m 0.03% Reduced -1.4k -1,399
97 AE Wealth Management LLC 0.04% of their portfolio TOPEKA, KS 273,678273.7k $5.1m $5.1m 0.04% Added +79.4k +79,394
98 Carnegie Investment Counsel 0.22% of their portfolio PEPPER PIKE, OH 272,918272.9k $5.0m $5.0m 0.22% Reduced -3.2k -3,250
99 Private Advisor Group, LLC 0.14% of their portfolio MORRISTOWN, NJ 255,568255.6k $4.7m $4.7m 0.14% Added +20.4k +20,443
100 Polar Capital Holdings Plc 0.04% of their portfolio London, X0 253,668253.7k $4.7m $4.7m 0.04% Unchanged