Vault-13

ARES CAPITAL CORP ARCC

COM · Common Stock · CUSIP 04010L103 · ISIN US04010L1035

717 institutional holders +6 vs Q4 2023
204,766,741204.8m shares reported held*
33.7% of all shares outstanding*
$4.3bnreported value*
67 new 283 added 192 reduced 62 sold out net bought ≈ $321.2m (+15.7m 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 ($1.3m this quarter). Holder counts are more reliable. Shares outstanding: 606.8m as of 2024-03-20, 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 ≈ $20.78. Options: 14 managers hold calls ($60.2m notional), 17 hold puts ($91.6m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 633Q4 22: 648Q1 23: 642Q2 23: 662Q3 23: 660Q4 23: 711Q1 24: 717717Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022633
Q4 2022648
Q1 2023642
Q2 2023662
Q3 2023660
Q4 2023711
Q1 2024717

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 22: 340 bought or addedQ4 22: 221 cut or sold outQ4 22Q1 23: 329 bought or addedQ1 23: 232 cut or sold outQ1 23Q2 23: 310 bought or addedQ2 23: 248 cut or sold outQ2 23Q3 23: 317 bought or addedQ3 23: 249 cut or sold outQ3 23Q4 23: 333 bought or addedQ4 23: 245 cut or sold outQ4 23Q1 24: 350 bought or addedQ1 24: 254 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022340221
Q1 2023329232
Q2 2023310248
Q3 2023317249
Q4 2023333245
Q1 2024350254

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ2 23 calls: $63.1mQ2 23 puts: $124.2mQ2 23P/C 1.97Q3 23 calls: $69.6mQ3 23 puts: $138.3mQ3 23P/C 1.99Q4 23 calls: $64.3mQ4 23 puts: $143.6mQ4 23P/C 2.23Q1 24 calls: $60.2mQ1 24 puts: $91.6mQ1 24P/C 1.52
Numbers
QuarterCallsPutsP/C
Q2 2023$63.1m$124.2m1.97
Q3 2023$69.6m$138.3m1.99
Q4 2023$64.3m$143.6m2.23
Q1 2024$60.2m$91.6m1.52

Biggest buyers

MORGAN STANLEY Added +17,046,766+17.0m
FMR LLC Added +4,469,236+4.5m
VAN ECK ASSOCIATES CORP Added +1,437,864+1.4m
MacKay Shields LLC New +610,224+610.2k
SIGMA INVESTMENT COUNSELORS INC Added +563,423+563.4k
Cetera Investment Advisers Added +494,088+494.1k
1832 Asset Management L.P. Added +467,535+467.5k
Merit Financial Group, LLC Added +433,178+433.2k
FRANKLIN RESOURCES INC New +431,317+431.3k
Allen Investment Management, LLC Added +417,537+417.5k

Biggest sellers

ROYAL BANK OF CANADA Reduced -4,611,282-4.6m
TWO SIGMA INVESTMENTS, LP Reduced -3,308,819-3.3m
TWO SIGMA ADVISERS, LP Reduced -2,134,900-2.1m
CITADEL ADVISORS LLC Reduced -1,143,572-1.1m
UBS Group AG Reduced -833,989-834.0k
Qube Research & Technologies Ltd Reduced -515,818-515.8k
MILLENNIUM MANAGEMENT LLC Reduced -477,175-477.2k
CCLA Investment Management Reduced -379,787-379.8k
Connor, Clark & Lunn Investment Management Ltd. Reduced -331,081-331.1k
Cliffwater LLC Reduced -327,889-327.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $30.3m1.5m shares
Twin Tree Management, LP Added $8.6m415.4k shares
CITADEL ADVISORS LLC Reduced $7.2m346.6k shares
SIMPLEX TRADING, LLC Reduced $4.4m210.9k shares
GROUP ONE TRADING LLC Reduced $4.3m207.1k shares
Walleye Trading LLC Reduced $1.2m55.6k shares
WOLVERINE TRADING, LLC Reduced $1.1m54.9k shares
Parallax Volatility Advisers, L.P. New $907.8k43.6k shares
JANE STREET GROUP, LLC Reduced $743.3k35.7k shares
PEAK6 Investments LLC Reduced $539.2k25.9k shares

Biggest puts

MILLENNIUM MANAGEMENT LLC Added $34.9m1.7m shares
Parallax Volatility Advisers, L.P. Reduced $24.5m1.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $9.4m450.4k shares
CITADEL ADVISORS LLC Reduced $4.2m200.1k shares
GROUP ONE TRADING LLC New $3.7m179.9k shares
Curated Wealth Partners LLC New $3.0m143.7k shares
GTS SECURITIES LLC Added $2.8m135.6k shares
DigitalBridge Group, Inc. Reduced $2.3m109.6k shares
WOLVERINE TRADING, LLC Reduced $2.2m103.5k shares
SIMPLEX TRADING, LLC New $1.2m55.4k 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.

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)

BuyingSelling
404Q2 22: 4 buyingQ2 22: 0 sellingQ3 22: 2 buyingQ3 22: 0 sellingQ3 22Q4 22: 0 buyingQ4 22: 0 sellingQ1 23: 1 buyingQ1 23: 0 sellingQ1 23Q2 23: 1 buyingQ2 23: 0 sellingQ3 23: 0 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20224$6.5m0——
Q3 20222$719.8k0——
Q4 20220—0——
Q1 20231$104.8k0——
Q2 20231$267.6k0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——

None reported in Q1 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 44,409,24644.4m $924.6m $924.6m 0.02% Added +17.0m +17,046,766
2 VAN ECK ASSOCIATES CORP 0.31% of their portfolio NEW YORK, NY 9,719,9439.7m $202.4m $202.4m 0.31% Added +1.4m +1,437,864
3 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 6,657,8436.7m $138.6m $138.6m 0.03% Reduced -4.6m -4,611,282
4 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 6,177,1256.2m $128.6m $128.6m 0.01% Added +247.4k +247,423
5 FMR LLC 0.01% of their portfolio BOSTON, MA 5,467,4565.5m $113.8m $113.8m 0.01% Added +4.5m +4,469,236
6 Legal & General Group Plc 0.03% of their portfolio London, X0 5,029,1335.0m $104.7m $104.7m 0.03% Added +257.2k +257,200
7 CONFLUENCE INVESTMENT MANAGEMENT LLC 1.16% of their portfolio ST. LOUIS, MO 4,141,5544.1m $86.2m $86.2m 1.16% Reduced -78.2k -78,190
8 OMERS ADMINISTRATION Corp 0.97% of their portfolio TORONTO, A6 4,064,3844.1m $84.6m $84.6m 0.97% Added +91.6k +91,591
9 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 3,957,6914.0m $82.4m $82.4m 0.02% Added +181.6k +181,619
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,677,7043.7m $76.6m $76.6m 0.00% Added +132.0k +131,992
11 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 3,219,2223.2m $67.0m $67.0m 0.04% Added +228.9k +228,859
12 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 3,133,3123.1m $65.2m $65.2m 0.02% Added +14.0k +14,034
13 Advisors Capital Management, LLC 1.18% of their portfolio RIDGEWOOD, NJ 3,099,1343.1m $64.5m $64.5m 1.18% Added +223.2k +223,245
14 TWO SIGMA ADVISERS, LP 0.12% of their portfolio NEW YORK, NY 2,539,6002.5m $52.9m $52.9m 0.12% Reduced -2.1m -2,134,900
15 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 2,222,8702.2m $46.3m $46.3m 0.05% Added +73.2k +73,153
16 ARES MANAGEMENT LLC 1.08% of their portfolio LOS ANGELES, CA 2,213,2962.2m $46.1m $46.1m 1.08% Added +290.6k +290,611
17 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,209,7842.2m $46.0m $46.0m 0.02% Reduced -834.0k -833,989
18 Sound Income Strategies, LLC 3.20% of their portfolio FT LAUDERDALE, FL 2,060,0632.1m $42.9m $42.9m 3.20% Added +105.3k +105,277
19 Border to Coast Pensions Partnership Ltd 0.95% of their portfolio LEEDS, X0 2,045,6482.0m $42.6m $42.6m 0.95% Unchanged
20 Progeny 3, Inc. 4.34% of their portfolio KIRKLAND, WA 1,895,2411.9m $39.5m $39.5m 4.34% Unchanged
21 BlackRock Inc. 0.00% of their portfolio New York, NY 1,777,0561.8m $37.0m $37.0m 0.00% Added +260.7k +260,697
22 LSV ASSET MANAGEMENT 0.08% of their portfolio CHICAGO, IL 1,744,2411.7m $36.3m $36.3m 0.08% Unchanged
23 CCLA Investment Management 0.53% of their portfolio LONDON, X0 1,668,0621.7m $34.3m $34.3m 0.53% Reduced -379.8k -379,787
24 Allen Investment Management, LLC 0.43% of their portfolio NEW YORK, NY 1,664,3121.7m $34.7m $34.7m 0.43% Added +417.5k +417,537
25 NOMURA ASSET MANAGEMENT CO LTD 0.12% of their portfolio TOKYO, M0 1,554,7731.6m $32.4m $32.4m 0.12% Added +18.6k +18,640
26 Rockefeller Capital Management L.P. 0.09% of their portfolio NEW YORK, NY 1,522,5641.5m $31.7m $31.7m 0.09% Added +222.2k +222,209
27 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,449,4271.4m $30.2m $30.2m 0.01% Added +222.0k +222,006
28 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,420,1021.4m $29.6m $29.6m 0.01% Reduced -46.3k -46,303
29 Gilbert & Cook, Inc. 3.99% of their portfolio WEST DES MOINES, IA 1,404,6941.4m $29.2m $29.2m 3.99% Added +19.9k +19,942
30 BRUNI J V & CO /CO 3.46% of their portfolio COLORADO SPRINGS, CO 1,398,3191.4m $29.1m $29.1m 3.46% Added +116 +116
31 1832 Asset Management L.P. 0.05% of their portfolio TORONTO, A6 1,354,0971.4m $28.2m $28.2m 0.05% Added +467.5k +467,535
32 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 1,290,0401.3m $26.9m $26.9m 0.06% Reduced -324.2k -324,216
33 CAPITAL ADVISORS INC/OK 0.56% of their portfolio TULSA, OK 1,258,8061.3m $26.2m $26.2m 0.56% Added +83.8k +83,822
34 BAILLIE GIFFORD & CO 0.02% of their portfolio EDINBURGH, X0 1,183,6491.2m $24.6m $24.6m 0.02% Added +179.8k +179,770
35 Clearbridge Investments, LLC 0.02% of their portfolio NEW YORK, NY 1,160,5181.2m $24.2m $24.2m 0.02% Reduced -1.5k -1,490
36 STEPHENS INC /AR/ 0.34% of their portfolio LITTLE ROCK, AR 1,050,3981.1m $21.9m $21.9m 0.34% Reduced -383 -383
37 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 1,019,9151.0m $21.2m $21.2m 0.05% Reduced -3.3m -3,308,819
38 McGowan Group Asset Management, Inc. 3.04% of their portfolio DALLAS, TX 1,013,4501.0m $21.1m $21.1m 3.04% Reduced -20.2k -20,203
39 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 954,353954.4k $19.9m $19.9m 0.03% Added +66.5k +66,461
40 Janney Montgomery Scott LLC 0.06% of their portfolio PHILADELPHIA, PA 919,639919.6k $19.1m $19.1m 0.06% Added +87.4k +87,445
41 Partners Group Holding AG 2.07% of their portfolio BAAR-ZUG, V8 906,486906.5k $18.9m $18.9m 2.07% Reduced -254.1k -254,118
42 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 854,650854.6k $17.8m $17.8m 0.07% Added +25.9k +25,871
43 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 852,115852.1k $17.8m $17.8m 0.03% Added +2.9k +2,942
44 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 820,390820.4k $17.1m $17.1m 0.04% Added +494.1k +494,088
45 Muzinich & Co., Inc. 14.10% of their portfolio NEW YORK, NY 810,989811.0k $16.2m $16.2m 14.10% Unchanged
46 Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio CHIYODA-KU, TOKYO, M0 793,507793.5k $16.5m $16.5m 0.01% Reduced -4.3k -4,271
47 Naviter Wealth, LLC 2.66% of their portfolio LITTLE ROCK, AR 779,520779.5k $16.2m $16.2m 2.66% Reduced -193.8k -193,752
48 D.A. DAVIDSON & CO. 0.15% of their portfolio GREAT FALLS, MT 775,636775.6k $16.1m $16.1m 0.15% Added +122.9k +122,945
49 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 766,929766.9k $16.0m $16.0m 0.01% Added +17.0k +17,049
50 SAGE ADVISORS, LLC 14.09% of their portfolio BOULDER, CO 760,601760.6k $15.8m $15.8m 14.09% Added +135.1k +135,080
51 Edgemoor Investment Advisors, Inc. 1.40% of their portfolio BETHESDA, MD 709,072709.1k $14.8m $14.8m 1.40% Added +29.7k +29,732
52 LGT CAPITAL PARTNERS LTD. 0.46% of their portfolio PFAEFFIKON, V8 705,575705.6k $14.7m $14.7m 0.46% Added +38.1k +38,075
53 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 703,350703.4k $14.6m $14.6m 0.01% Added +98.7k +98,706
54 Melia Wealth LLC 8.20% of their portfolio TULSA, OK 701,158701.2k $14.6m $14.6m 8.20% Added +2.6k +2,629
55 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 698,666698.7k $14.5m $14.5m 0.01% Added +255.9k +255,888
56 Baird Financial Group, Inc. 0.03% of their portfolio MILWAUKEE, WI 690,986691.0k $14.4m $14.4m 0.03% Added +56.6k +56,565
57 MacKay Shields LLC 0.35% of their portfolio New York, NY 610,224610.2k $12.7m $12.7m 0.35% New
58 CHARTWELL INVESTMENT PARTNERS, LLC 0.44% of their portfolio BERYWN, PA 609,558609.6k $12.7m $12.7m 0.44% Added +589 +589
59 TCW GROUP INC 0.12% of their portfolio LOS ANGELES, CA 586,983587.0k $12.2m $12.2m 0.12% Unchanged
60 MCKINLEY CAPITAL MANAGEMENT LLC 1.46% of their portfolio ANCHORAGE, AK 583,511583.5k $12.1m $12.1m 1.46% Reduced -12.6k -12,627
61 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 582,578582.6k $12.1m $12.1m 0.02% Added +29.7k +29,671
62 Northeast Financial Consultants Inc 0.59% of their portfolio WESTPORT, CT 578,763578.8k $12.0m $12.0m 0.59% Added +170.2k +170,214
63 SIGMA INVESTMENT COUNSELORS INC 0.77% of their portfolio NORTHVILLE, MI 574,978575.0k $12.0m $12.0m 0.77% Added +563.4k +563,423
64 NEW SOUTH CAPITAL MANAGEMENT INC 0.49% of their portfolio MEMPHIS, TN 562,488562.5k $11.7m $11.7m 0.49% Reduced -25.8k -25,794
65 Edge Capital Group, LLC 0.52% of their portfolio ATLANTA, GA 502,513502.5k $10.5m $10.5m 0.52% Reduced -23.7k -23,745
66 Bell Bank 0.88% of their portfolio FARGO, ND 489,632489.6k $10.2m $10.2m 0.88% Added +8.4k +8,394
67 CIBC Private Wealth Group LLC 0.02% of their portfolio ATLANTA, GA 480,907480.9k $9.8m $9.8m 0.02% Reduced -18.9k -18,930
68 Graypoint LLC 0.68% of their portfolio Albany, NY 452,140452.1k $9.4m $9.4m 0.68% Unchanged
69 Cliffwater LLC 2.54% of their portfolio MARINA DEL REY, CA 452,062452.1k $9.4m $9.4m 2.54% Reduced -327.9k -327,889
70 Merit Financial Group, LLC 0.22% of their portfolio ALPHARETTA, GA 446,499446.5k $9.2m $9.2m 0.22% Added +433.2k +433,178
71 State of Tennessee, Department of Treasury 0.03% of their portfolio NASHVILLE, TN 445,029445.0k $9.3m $9.3m 0.03% Added +212.6k +212,629
72 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 431,317431.3k $9.0m $9.0m 0.00% New
73 Chicago Partners Investment Group LLC 0.38% of their portfolio CHICAGO, IL 431,255431.3k $8.9m $8.9m 0.38% Added +42.0k +42,019
74 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 429,742429.7k $8.9m $8.9m 0.01% Reduced -1.1m -1,143,572
75 EMFO, LLC 8.12% of their portfolio WESTON, FL 426,057426.1k $8.9m $8.9m 8.12% Reduced -20.2k -20,250
76 Greenwich Investment Management, Inc. 6.86% of their portfolio NORWALK, CT 419,015419.0k $8.7m $8.7m 6.86% Added +5.6k +5,560
77 Jump Financial, LLC 0.24% of their portfolio Chicago, IL 418,500418.5k $8.7m $8.7m 0.24% Added +122.0k +122,000
78 SFMG, LLC 0.75% of their portfolio PLANO, TX 416,703416.7k $8.7m $8.7m 0.75% Added +18.6k +18,591
79 Steward Partners Investment Advisory, LLC 0.10% of their portfolio STAMFORD, CT 416,361416.4k $8.7m $8.7m 0.10% Added +48.0k +47,980
80 Evercore Wealth Management, LLC 0.13% of their portfolio New York, NY 412,827412.8k $8.6m $8.6m 0.13% Added +149.3k +149,282
81 Clearstead Advisors, LLC 0.43% of their portfolio CLEVELAND, OH 408,389408.4k $8.6m $8.6m 0.43% Added +31.0k +30,981
82 EVERGREEN CAPITAL MANAGEMENT LLC 0.32% of their portfolio Bellevue, WA 405,294405.3k $8.4m $8.4m 0.32% Reduced -112.0k -111,978
83 Callodine Capital Management, LP 2.02% of their portfolio BOSTON, MA 400,000400.0k $8.3m $8.3m 2.02% Added +150.0k +150,000
84 Baltimore-Washington Financial Advisors, Inc. 0.51% of their portfolio Columbia, MD 392,063392.1k $8.2m $8.2m 0.51% Added +24.2k +24,168
85 MGO ONE SEVEN LLC 0.42% of their portfolio Beachwood, OH 388,472388.5k $8.1m $8.1m 0.42% Added +102.1k +102,064
86 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 382,636382.6k $8.0m $8.0m 0.00% Added +6.2k +6,183
87 CANADA LIFE ASSURANCE Co 0.02% of their portfolio WINNIPEG, A2 376,079376.1k $7.8m $7.8m 0.02% Added +56.5k +56,514
88 Boston Partners 0.01% of their portfolio BOSTON, MA 374,241374.2k $7.8m $7.8m 0.01% New
89 Hilton Capital Management, LLC 0.63% of their portfolio Garden City, NY 336,693336.7k $7.0m $7.0m 0.63% Added +76.2k +76,209
90 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 334,602334.6k $7.0m $7.0m 0.01% Added +40.3k +40,290
91 PALISADE CAPITAL MANAGEMENT, LP 0.18% of their portfolio FORT LEE, NJ 333,070333.1k $6.9m $6.9m 0.18% Reduced -103.2k -103,150
92 Advisors Asset Management, Inc. 0.13% of their portfolio Monument, CO 326,351326.4k $6.8m $6.8m 0.13% Added +3.8k +3,757
93 OPPENHEIMER & CO INC 0.11% of their portfolio NEW YORK, NY 318,454318.5k $6.6m $6.6m 0.11% Reduced -6.7k -6,749
94 SALEM INVESTMENT COUNSELORS INC 0.21% of their portfolio WINSTON-SALEM, NC 308,645308.6k $6.4m $6.4m 0.21% Added +25.4k +25,440
95 ROMANO BROTHERS AND COMPANY 0.86% of their portfolio EVANSTON, IL 303,362303.4k $6.3m $6.3m 0.86% Added +6.2k +6,246
96 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.04% of their portfolio Cincinnati, OH 294,881294.9k $6.1m $6.1m 0.04% Unchanged
97 DAVENPORT & Co LLC 0.04% of their portfolio RICHMOND, VA 291,829291.8k $6.1m $6.1m 0.04% Added +19.3k +19,322
98 TECTONIC ADVISORS LLC 0.45% of their portfolio FRISCO, TX 285,115285.1k $5.9m $5.9m 0.45% Added +24.8k +24,785
99 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 281,822281.8k $5.9m $5.9m 0.02% Reduced -11.4k -11,363
100 Global Assets Advisory, LLC 0.53% of their portfolio ORLANDO, FL 278,079278.1k $13.6k $13.6k 0.53% Added +265.1k +265,141