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 ($3.9m this quarter). Holder counts are more reliable. Shares outstanding: 718.0m as of 2026-07-23, 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 ≈ $18.56. Options: 17 managers hold calls ($109.2m notional), 16 hold puts ($137.4m).
Trends to Q2 2026
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 |
| Q4 2024 | 827 |
| Q1 2025 | 834 |
| Q2 2025 | 841 |
| Q3 2025 | 791 |
| Q4 2025 | 833 |
| Q1 2026 | 812 |
| Q2 2026 | 785 |
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 | 392 | 246 |
| Q4 2024 | 424 | 248 |
| Q1 2025 | 459 | 271 |
| Q2 2025 | 398 | 330 |
| Q3 2025 | 406 | 298 |
| Q4 2025 | 387 | 330 |
| Q1 2026 | 397 | 355 |
| Q2 2026 | 372 | 349 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $82.8m | $126.9m | 1.53 |
| Q4 2025 | $73.1m | $171.1m | 2.34 |
| Q1 2026 | $96.5m | $171.2m | 1.77 |
| Q2 2026 | $109.2m | $137.4m | 1.26 |
Biggest buyers
| VAN ECK ASSOCIATES CORP | Added | +2.4m |
| Cambridge Investment Research Advisors, Inc. | Added | +1.2m |
| MORGAN STANLEY | Added | +668.6k |
| Mariner, LLC | Added | +646.4k |
| Ensign Peak Advisors, Inc | Added | +600.9k |
| FRANKLIN RESOURCES INC | Added | +578.7k |
| Legal & General Group Plc | Added | +535.3k |
| GRITSTONE ASSET MANAGEMENT LLC | New | +447.1k |
| Rockefeller Capital Management L.P. | Added | +401.8k |
| AMERIPRISE FINANCIAL INC | Added | +346.2k |
Biggest sellers
| CITADEL ADVISORS LLC | Sold out | -2.9m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.4m |
| D. E. Shaw & Co., Inc. | Reduced | -1.3m |
| Trexquant Investment LP | Reduced | -990.7k |
| Qube Research & Technologies Ltd | Sold out | -806.5k |
| BARCLAYS PLC | Reduced | -607.3k |
| UBS Group AG | Reduced | -537.7k |
| JUPITER ASSET MANAGEMENT LTD | Reduced | -528.2k |
| Advisors Capital Management, LLC | Reduced | -526.9k |
| MGO ONE SEVEN LLC | Reduced | -398.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $49.4m2.7m shares |
| Walleye Trading LLC | Added | $11.0m592.9k shares |
| PEAK6 LLC | Added | $9.6m516.2k shares |
| IMC-Chicago, LLC | Added | $8.0m434.0k shares |
| CITADEL ADVISORS LLC | Reduced | $6.5m352.4k shares |
| HBK INVESTMENTS L P | Added | $5.2m279.7k shares |
| JANE STREET GROUP, LLC | Added | $5.0m269.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.6m247.2k shares |
| Jefferies Financial Group Inc. | Reduced | $3.7m200.0k shares |
| GROUP ONE TRADING LLC | Reduced | $3.3m175.5k shares |
Biggest puts
| Parallax Volatility Advisers, L.P. | Added | $33.6m1.8m shares |
| CITADEL ADVISORS LLC | Added | $27.3m1.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $24.4m1.3m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $23.1m1.2m shares |
| SIMPLEX TRADING, LLC | Reduced | $5.6m304.2k shares |
| HBK INVESTMENTS L P | Unchanged | $5.6m300.0k shares |
| Caption Management, LLC | New | $4.9m264.3k shares |
| GROUP ONE TRADING LLC | Reduced | $3.9m209.4k shares |
| JANE STREET GROUP, LLC | Added | $2.9m157.2k shares |
| IMC-Chicago, LLC | Reduced | $2.7m147.6k 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 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 | — | 0 | — | — |
| Q1 2025 | 2 | $1.1m | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 1 | $265.1k | 0 | — | — |
| Q1 2026 | 4 | $703.7k | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.02% of their portfolio | 17.0m $315.4m | Added +668.6k |
| UBS Group AG 0.04% of their portfolio | 13.8m $255.3m | Reduced -537.7k |
| VAN ECK ASSOCIATES CORP 0.15% of their portfolio | 13.3m $246.6m | Added +2.4m |
| STRS OHIO 0.74% of their portfolio | 10.7m $197.5m | Added +157.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 8.9m $165.6m | Reduced -200.3k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 7.9m $145.3m | Added +156.1k |
| Generali Asset Management SPA SGR 2.53% of their portfolio | 7.5m $139.9m | Unchanged |
| Legal & General Group Plc 0.03% of their portfolio | 6.5m $120.5m | Added +535.3k |
| TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio | 5.9m $109.1m | Reduced -1.4m |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 4.4m $82.2m | Reduced -49.5k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 4.1m $76.4m | Added +346.2k |
| LPL Financial LLC 0.02% of their portfolio | 4.0m $74.7m | Reduced -9.0k |
| HighTower Advisors, LLC 0.07% of their portfolio | 3.9m $71.7m | Added +335.2k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 3.5m $65.7m | Added +99.6k |
| Advisors Capital Management, LLC 0.67% of their portfolio | 3.4m $63.1m | Reduced -526.9k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 0.97% of their portfolio | 3.4m $62.4m | Reduced -67.7k |
| Evercore Wealth Management, LLC 0.79% of their portfolio | 3.0m $55.7m | Reduced -113.7k |
| OMERS ADMINISTRATION Corp 0.32% of their portfolio | 2.9m $53.9m | Added +72.5k |
| ARES MANAGEMENT LLC 2.25% of their portfolio | 2.8m $51.6m | Added +170.7k |
| Sound Income Strategies, LLC 2.30% of their portfolio | 2.8m $51.3m | Added +102.8k |
| Rockefeller Capital Management L.P. 0.08% of their portfolio | 2.7m $49.9m | Added +401.8k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 2.7m $49.6m | Added +8.1k |
| STIFEL FINANCIAL CORP 0.04% of their portfolio | 2.6m $48.9m | Added +2.1k |
| BlackRock, Inc. 0.00% of their portfolio | 2.4m $45.3m | Added +50.2k |
| Allen Investment Management, LLC 0.54% of their portfolio | 2.4m $45.2m | Reduced -156.9k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 2.3m $42.4m | Added +578.7k |
| Muzinich & Co., Inc. 14.24% of their portfolio | 2.3m $41.7m | Added +29.9k |
| Progeny 3, Inc. 2.13% of their portfolio | 2.2m $41.2m | Unchanged |
| Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio | 2.2m $40.1m | Added +1.2m |
| OSAIC HOLDINGS, INC. 0.05% of their portfolio | 2.1m $39.6m | Added +320.1k |
| NOMURA ASSET MANAGEMENT CO LTD 0.08% of their portfolio | 2.1m $39.4m | Added +344.9k |
| Ensign Peak Advisors, Inc 0.06% of their portfolio | 2.0m $37.8m | Added +600.9k |
| Border to Coast Pensions Partnership Ltd 0.55% of their portfolio | 2.0m $37.0m | Reduced -200.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 1.7m $31.8m | Added +9.8k |
| Altshuler Shaham Ltd 0.38% of their portfolio | 1.6m $30.6m | Unchanged |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 1.6m $29.9m | Added +172.4k |
| CAPITAL ADVISORS INC/OK 0.43% of their portfolio | 1.6m $29.2m | Reduced -39 |
| Cetera Investment Advisers 0.02% of their portfolio | 1.4m $26.0m | Reduced -20.5k |
| Michael & Susan Dell Foundation 0.66% of their portfolio | 1.4m $25.2m | Added +33.9k |
| SPINNAKER TRUST 1.19% of their portfolio | 1.3m $24.5m | Added +46.0k |
| BRUNI J V & CO /CO 2.14% of their portfolio | 1.3m $23.5m | Reduced -12.8k |
| JUPITER ASSET MANAGEMENT LTD 0.11% of their portfolio | 1.2m $21.9m | Reduced -528.2k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 1.2m $22.3m | Added +335.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 1.2m $22.1m | Added +151.1k |
| STEPHENS INC /AR/ 0.25% of their portfolio | 1.2m $22.0m | Added +2.9k |
| Baird Financial Group, Inc. 0.03% of their portfolio | 1.2m $21.8m | Added +87.4k |
| Apollon Wealth Management, LLC 0.25% of their portfolio | 1.1m $20.7m | Added +61.8k |
| Janney Montgomery Scott LLC 0.04% of their portfolio | 1.1m $20.3m | Reduced -106.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.1m $19.6m | Added +28.5k |
| Cerity Partners LLC 0.02% of their portfolio | 1.0m $18.9m | Added +19.7k |
| Mariner, LLC 0.02% of their portfolio | 862.8k $16.0m | Added +646.4k |
| TECTONIC ADVISORS LLC 0.75% of their portfolio | 845.0k $15.7m | Added +97.3k |
| Corient Private Wealth LP 0.02% of their portfolio | 828.7k $15.4m | Reduced -132.6k |
| Focus Partners Wealth 0.02% of their portfolio | 813.8k $15.1m | Reduced -349.7k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 783.8k $14.5m | Reduced -9.9k |
| SIGMA INVESTMENT COUNSELORS INC 0.71% of their portfolio | 781.1k $14.5m | Reduced -26.2k |
| Lido Advisors, LLC 0.05% of their portfolio | 776.7k $14.4m | Added +144.1k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 732.2k $13.6m | Reduced -1.3m |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 725.9k $13.5m | Reduced -39.2k |
| Estate Planners Group, LLC 6.08% of their portfolio | 725.1k $13.4m | Added +45.7k |
| Edgemoor Investment Advisors, Inc. 0.91% of their portfolio | 720.3k $13.3m | Added +4.3k |
| Naviter Wealth, LLC 1.20% of their portfolio | 712.7k $13.2m | Added +3.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 697.9k $12.9m | Added +50.4k |
| LGT Group Foundation 0.14% of their portfolio | 669.0k $12.4m | Added +59.3k |
| Baltimore-Washington Financial Advisors, Inc. 0.46% of their portfolio | 665.0k $12.3m | Added +10.4k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio | 650.8k $12.1m | Reduced -71.8k |
| D.A. DAVIDSON & CO. 0.07% of their portfolio | 635.5k $11.8m | Reduced -10.4k |
| Beacon Pointe Advisors, LLC 0.05% of their portfolio | 580.4k $10.8m | Added +145.3k |
| Chicago Partners Investment Group LLC 0.21% of their portfolio | 571.4k $10.6m | Reduced -4.2k |
| STATE STREET CORP 0.00% of their portfolio | 555.6k $10.3m | Added +72.5k |
| Columbus Macro, LLC 0.98% of their portfolio | 543.4k $10.1m | Reduced -36.3k |
| CITIGROUP INC 0.00% of their portfolio | 539.6k $10.0m | Added +14.2k |
| LSV ASSET MANAGEMENT 0.02% of their portfolio | 536.6k $9.9m | Reduced -7.5k |
| Kestra Advisory Services, LLC 0.03% of their portfolio | 520.2k $9.6m | Added +133.4k |
| Bell Bank 0.36% of their portfolio | 515.8k $9.6m | Reduced -1.5k |
| OPPENHEIMER & CO INC 0.09% of their portfolio | 472.8k $8.8m | Added +3.5k |
| Melia Wealth LLC 4.91% of their portfolio | 460.4k $8.5m | Reduced -355.5k |
| INDEPENDENT FINANCIAL GROUP, LLC 0.16% of their portfolio | 460.3k $8.5m | Added +187.0k |
| &PARTNERS 0.03% of their portfolio | 453.6k $8.4m | Added +46.2k |
| Pathstone Holdings, LLC 0.02% of their portfolio | 453.2k $8.4m | Reduced -6.6k |
| GRITSTONE ASSET MANAGEMENT LLC 7.97% of their portfolio | 447.1k $8.3m | New |
| BLAIR WILLIAM & CO/IL 0.02% of their portfolio | 440.2k $8.2m | Added +3.5k |
| BALDWIN WEALTH PARTNERS LLC/MA 0.53% of their portfolio | 439.0k $8.1m | Added +241.6k |
| Invesco Ltd. 0.00% of their portfolio | 435.1k $8.1m | Reduced -163.3k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.39% of their portfolio | 425.9k $7.9m | Added +34.5k |
| LGT Fund Management Co Ltd. 0.32% of their portfolio | 416.3k $7.7m | Added +3.8k |
| Advisors Asset Management, Inc. 0.12% of their portfolio | 412.6k $7.6m | Reduced -27.6k |
| Merit Financial Group, LLC 0.05% of their portfolio | 406.9k $7.5m | Added +8.5k |
| Steward Partners Investment Advisory, LLC 0.04% of their portfolio | 406.5k $7.5m | Reduced -23.6k |
| Clearstead Advisors, LLC 0.07% of their portfolio | 402.3k $7.5m | Added +51.5k |
| CIBC Bancorp USA Inc. 0.01% of their portfolio | 398.2k $7.4m | Reduced -44.7k |
| one8zero8, LLC 1.46% of their portfolio | 397.4k $7.4m | Added +10.4k |
| Crestwood Advisors Group, LLC 0.11% of their portfolio | 396.9k $7.4m | Added +16.4k |
| Gilbert & Cook, Inc. 0.84% of their portfolio | 394.8k $7.3m | Reduced -47.4k |
| Prairiewood Capital, LLC 1.85% of their portfolio | 384.4k $7.1m | Added +42.7k |
| Trinity Financial Advisors LLC 1.78% of their portfolio | 374.0k $6.9m | Added +35.6k |
| Enstar Group LTD 3.20% of their portfolio | 373.1k $6.9m | Added +9.8k |
| PALISADE CAPITAL MANAGEMENT, LP 0.29% of their portfolio | 363.1k $6.7m | Reduced -2.0k |
| ROMANO BROTHERS AND COMPANY 0.67% of their portfolio | 358.8k $6.6m | Reduced -5.0k |
| Mutual Advisors, LLC 0.12% of their portfolio | 354.7k $6.6m | Added +8.2k |