ARES CAPITAL CORP ARCC
COM · Common Stock · CUSIP 04010L103 · ISIN US04010L1035
* 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 ($1.7m this quarter). Holder counts are more reliable. Shares outstanding: 646.1m as of 2024-10-25, 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 ≈ $20.58. Options: 10 managers hold calls ($56.1m notional), 15 hold puts ($97.0m).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 633 |
| Q4 2022 | 648 |
| Q1 2023 | 642 |
| Q2 2023 | 662 |
| Q3 2023 | 660 |
| Q4 2023 | 711 |
| Q1 2024 | 717 |
| Q2 2024 | 738 |
| Q3 2024 | 752 |
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 | 340 | 221 |
| Q1 2023 | 329 | 232 |
| Q2 2023 | 310 | 248 |
| Q3 2023 | 317 | 249 |
| Q4 2023 | 333 | 245 |
| Q1 2024 | 350 | 254 |
| Q2 2024 | 383 | 252 |
| Q3 2024 | 392 | 246 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $64.3m | $143.6m | 2.23 |
| Q1 2024 | $60.2m | $91.6m | 1.52 |
| Q2 2024 | $69.5m | $91.9m | 1.32 |
| Q3 2024 | $56.1m | $97.0m | 1.73 |
Biggest buyers
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Added | +3.4m |
| Invesco Ltd. | Added | +2.4m |
| NORTHERN TRUST CORP | Added | +989.8k |
| VAN ECK ASSOCIATES CORP | Added | +975.0k |
| Balyasny Asset Management L.P. | Added | +822.9k |
| DENALI ADVISORS LLC | New | +623.6k |
| Evercore Wealth Management, LLC | Added | +621.7k |
| Qube Research & Technologies Ltd | New | +564.9k |
| MARSHALL WACE, LLP | New | +520.6k |
| BANK OF AMERICA CORP /DE/ | Added | +425.9k |
Biggest sellers
| MORGAN STANLEY | Reduced | -2.2m |
| TWO SIGMA ADVISERS, LP | Reduced | -1.7m |
| FMR LLC | Reduced | -1.6m |
| ROYAL BANK OF CANADA | Reduced | -1.2m |
| BAILLIE GIFFORD & CO | Reduced | -571.2k |
| Hudson Bay Capital Management LP | Sold out | -536.2k |
| Cliffwater LLC | Sold out | -470.8k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -450.8k |
| Legal & General Group Plc | Reduced | -445.9k |
| 1832 Asset Management L.P. | Reduced | -400.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $20.7m989.6k shares |
| CITADEL ADVISORS LLC | Added | $12.8m610.1k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $5.8m278.6k shares |
| JANE STREET GROUP, LLC | Added | $5.5m261.5k shares |
| GROUP ONE TRADING LLC | Added | $4.6m220.5k shares |
| Walleye Trading LLC | Added | $3.3m157.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.9m136.9k shares |
| IMC-Chicago, LLC | New | $391.6k18.7k shares |
| Twin Tree Management, LP | Reduced | $140.3k6.7k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Parallax Volatility Advisers, L.P. | Added | $40.2m1.9m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $19.6m937.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $13.0m620.5k shares |
| HBK INVESTMENTS L P | Not comparable | $6.3m300.0k shares |
| CITADEL ADVISORS LLC | Reduced | $5.3m251.5k shares |
| GTS SECURITIES LLC | Reduced | $2.8m131.6k shares |
| IMC-Chicago, LLC | New | $2.0m96.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.8m83.8k shares |
| GROUP ONE TRADING LLC | Reduced | $1.7m79.6k shares |
| DigitalBridge Group, Inc. | Reduced | $1.4m67.6k 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 Q3 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 |
|---|---|---|---|---|---|
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 1 | $104.8k | 0 | — | — |
| Q2 2023 | 1 | $267.6k | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
None reported in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.02% of their portfolio | 13.8m $289.6m | Reduced -2.2m |
| VAN ECK ASSOCIATES CORP 0.34% of their portfolio | 12.7m $272.1m | Added +975.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 7.1m $148.3m | Added +425.9k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 6.8m $141.9m | Added +209.4k |
| Legal & General Group Plc 0.03% of their portfolio | 4.9m $102.5m | Reduced -445.9k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 4.4m $91.2m | Added +239.4k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 4.3m $90.9m | Reduced -1.2m |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 1.07% of their portfolio | 3.8m $80.3m | Added +64.0k |
| FMR LLC 0.00% of their portfolio | 3.7m $77.0m | Reduced -1.6m |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.58% of their portfolio | 3.6m $210.6k | Added +3.4m |
| LPL Financial LLC 0.03% of their portfolio | 3.6m $75.4m | Added +110.6k |
| Advisors Capital Management, LLC 1.16% of their portfolio | 3.4m $71.6m | Added +161.1k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 3.4m $70.2m | Added +39.5k |
| Invesco Ltd. 0.01% of their portfolio | 2.8m $59.2m | Added +2.4m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.3m $47.3m | Added +348.6k |
| Sound Income Strategies, LLC 2.99% of their portfolio | 2.2m $46.4m | Added +79.1k |
| STIFEL FINANCIAL CORP 0.05% of their portfolio | 2.2m $45.8m | Added +47.0k |
| UBS Group AG 0.01% of their portfolio | 2.2m $45.7m | Reduced -106.9k |
| ARES MANAGEMENT LLC 1.25% of their portfolio | 2.2m $45.1m | Added +90.3k |
| Allen Investment Management, LLC 0.52% of their portfolio | 2.1m $43.8m | Added +313.2k |
| Progeny 3, Inc. 3.66% of their portfolio | 2.1m $43.6m | Added +96.6k |
| OMERS ADMINISTRATION Corp 0.37% of their portfolio | 1.9m $40.1m | Added +42.9k |
| BlackRock, Inc. 0.00% of their portfolio | 1.9m $39.5m | First filing |
| Border to Coast Pensions Partnership Ltd 0.79% of their portfolio | 1.9m $38.6m | Reduced -150.0k |
| Partners Group Holding AG 2.41% of their portfolio | 1.8m $37.4m | Added +312.3k |
| CCLA Investment Management 0.54% of their portfolio | 1.7m $34.9m | Unchanged |
| LSV ASSET MANAGEMENT 0.07% of their portfolio | 1.6m $34.3m | Reduced -78.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 1.6m $34.1m | Added +136.5k |
| Rockefeller Capital Management L.P. 0.09% of their portfolio | 1.6m $33.8m | Reduced -80.2k |
| NOMURA ASSET MANAGEMENT CO LTD 0.10% of their portfolio | 1.5m $32.1m | Added +39.5k |
| Gilbert & Cook, Inc. 4.36% of their portfolio | 1.5m $31.7m | Added +95.0k |
| TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio | 1.5m $31.0m | Reduced -450.8k |
| CAPITAL ADVISORS INC/OK 0.60% of their portfolio | 1.4m $30.2m | Added +44.2k |
| BRUNI J V & CO /CO 3.22% of their portfolio | 1.4m $28.9m | Reduced -18.2k |
| OSAIC HOLDINGS, INC. 0.06% of their portfolio | 1.3m $26.6m | Added +57.1k |
| Clearbridge Investments, LLC 0.02% of their portfolio | 1.3m $26.5m | Added +122.2k |
| Balyasny Asset Management L.P. 0.07% of their portfolio | 1.2m $26.0m | Added +822.9k |
| STEPHENS INC /AR/ 0.33% of their portfolio | 1.1m $23.3m | Added +51.5k |
| McGowan Group Asset Management, Inc. 2.87% of their portfolio | 1.0m $21.7m | Added +3.8k |
| Evercore Wealth Management, LLC 0.32% of their portfolio | 1.0m $21.7m | Added +621.7k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio | 1.0m $21.4m | Reduced -30.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $21.4m | Added +989.8k |
| Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio | 966.0k $20.2m | Added +95.3k |
| 1832 Asset Management L.P. 0.03% of their portfolio | 965.5k $20.2m | Reduced -400.0k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 964.6k $20.2m | Added +103.0k |
| HighTower Advisors, LLC 0.03% of their portfolio | 942.2k $19.7m | Added +121.2k |
| SAGE ADVISORS, LLC 15.02% of their portfolio | 910.6k $19.1m | Added +39.0k |
| Muzinich & Co., Inc. 14.85% of their portfolio | 898.6k $18.8m | Added +38.6k |
| Cetera Investment Advisers 0.04% of their portfolio | 888.9k $18.6m | Added +24.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 885.4k $18.5m | Added +38.6k |
| HRT FINANCIAL LP 0.10% of their portfolio | 880.0k $18.4m | Added +232.8k |
| D.A. DAVIDSON & CO. 0.15% of their portfolio | 853.4k $17.9m | Added +139.8k |
| Naviter Wealth, LLC 2.34% of their portfolio | 801.5k $16.8m | Reduced -6.3k |
| State of Tennessee, Department of Treasury 0.06% of their portfolio | 798.7k $16.7m | Added +353.7k |
| Baird Financial Group, Inc. 0.03% of their portfolio | 793.3k $16.6m | Added +65.6k |
| Janney Montgomery Scott LLC 0.04% of their portfolio | 761.8k $16.0m | Reduced -102.8k |
| Edgemoor Investment Advisors, Inc. 1.33% of their portfolio | 730.5k $15.3m | Added +10.3k |
| Melia Wealth LLC 7.90% of their portfolio | 729.3k $15.3m | Added +19.3k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 725.2k $15.2m | Reduced -2.2k |
| TCW GROUP INC 0.13% of their portfolio | 715.0k $15.0m | Added +50.5k |
| Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio | 690.5k $14.5m | Added +65.3k |
| LGT CAPITAL PARTNERS LTD. 0.50% of their portfolio | 685.6k $14.4m | Reduced -20.0k |
| SIGMA INVESTMENT COUNSELORS INC 0.84% of their portfolio | 681.7k $14.3m | Added +29.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 680.2k $14.2m | Reduced -17.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 650.2k $13.9m | Added +127.2k |
| DENALI ADVISORS LLC 1.40% of their portfolio | 623.6k $13.1m | New |
| CHARTWELL INVESTMENT PARTNERS, LLC 0.44% of their portfolio | 615.5k $12.9m | Reduced -5.7k |
| Northeast Financial Consultants Inc 0.56% of their portfolio | 613.3k $12.8m | Added +20.7k |
| Corient Private Wealth LP 0.02% of their portfolio | 595.5k $12.5m | Added +324.0k |
| CREDIT AGRICOLE S A 0.06% of their portfolio | 567.7k $11.9m | Added +292.7k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 564.9k $11.8m | New |
| NEW SOUTH CAPITAL MANAGEMENT INC 0.47% of their portfolio | 547.4k $11.5m | Reduced -500 |
| PALISADE CAPITAL MANAGEMENT, LP 0.30% of their portfolio | 535.4k $11.2m | Added +19.2k |
| Clearstead Advisors, LLC 0.17% of their portfolio | 530.8k $11.1m | Added +38.4k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 520.6k $10.9m | New |
| Edge Capital Group, LLC 0.47% of their portfolio | 502.5k $10.5m | Unchanged |
| Chicago Partners Investment Group LLC 0.37% of their portfolio | 482.0k $10.4m | Added +22.0k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 449.7k $9.4m | Reduced -1.7m |
| Merit Financial Group, LLC 0.21% of their portfolio | 443.6k $9.3m | Reduced -2.1k |
| Graypoint LLC 0.59% of their portfolio | 440.3k $9.2m | Reduced -11.8k |
| CIBC Private Wealth Group LLC 0.02% of their portfolio | 440.0k $9.2m | Reduced -16.7k |
| SFMG, LLC 0.75% of their portfolio | 439.5k $9.2m | Added +18.1k |
| Baltimore-Washington Financial Advisors, Inc. 0.48% of their portfolio | 428.2k $9.0m | Added +22.8k |
| Bell Bank 1.06% of their portfolio | 427.7k $9.0m | Reduced -57.0k |
| Steward Partners Investment Advisory, LLC 0.08% of their portfolio | 416.6k $8.7m | Added +45.6k |
| MGO ONE SEVEN LLC 0.36% of their portfolio | 392.7k $8.2m | Added +27.6k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 390.0k $8.2m | Added +2.4k |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.27% of their portfolio | 389.6k $8.2m | Reduced -4.5k |
| TECTONIC ADVISORS LLC 0.53% of their portfolio | 383.0k $8.0m | Added +64.5k |
| Cerity Partners LLC 0.02% of their portfolio | 371.9k $7.8m | Reduced -33.0k |
| Boston Partners 0.01% of their portfolio | 365.8k $7.7m | Added +9.2k |
| Hilton Capital Management, LLC 0.58% of their portfolio | 357.2k $7.5m | Added +8.0k |
| Advisors Asset Management, Inc. 0.14% of their portfolio | 353.7k $7.4m | Added +31.5k |
| Jump Financial, LLC 0.15% of their portfolio | 352.5k $7.4m | Added +238.3k |
| BAILLIE GIFFORD & CO 0.01% of their portfolio | 342.4k $7.2m | Reduced -571.2k |
| Schonfeld Strategic Advisors LLC 0.06% of their portfolio | 337.3k $7.1m | New |
| Pathstone Holdings, LLC 0.03% of their portfolio | 336.9k $7.1m | Added +21.0k |
| OPPENHEIMER & CO INC 0.11% of their portfolio | 331.4k $6.9m | Added +12.1k |
| Quantbot Technologies LP 0.26% of their portfolio | 319.2k $6.7m | Added +129.9k |
| ROMANO BROTHERS AND COMPANY 0.83% of their portfolio | 318.6k $6.7m | Added +16.1k |