Vault-13

ARIS MNG CORP ARIS

COM · Common Stock · CUSIP 04040Y109

144 institutional holders +44 vs Q2 2025
90,689,22590.7m shares reported held*
$890.2mreported value*
50 new 49 added 29 reduced 7 sold out net sold ≈ $50.2m (-5.9k 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 ($835.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.82. Options: 5 managers hold calls ($4.1m notional), 4 hold puts ($2.9m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 23: 42Q4 23: 48Q1 24: 53Q2 24: 70Q3 24: 76Q4 24: 71Q1 25: 86Q2 25: 100Q3 25: 144144Q3 23Q1 24Q3 24Q1 25Q3 25
Numbers
QuarterHolders
Q3 202342
Q4 202348
Q1 202453
Q2 202470
Q3 202476
Q4 202471
Q1 202586
Q2 2025100
Q3 2025144

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 20 bought or addedQ4 23: 21 cut or sold outQ1 24: 29 bought or addedQ1 24: 21 cut or sold outQ1 24Q2 24: 43 bought or addedQ2 24: 19 cut or sold outQ3 24: 41 bought or addedQ3 24: 25 cut or sold outQ3 24Q4 24: 30 bought or addedQ4 24: 30 cut or sold outQ1 25: 42 bought or addedQ1 25: 23 cut or sold outQ1 25Q2 25: 57 bought or addedQ2 25: 36 cut or sold outQ3 25: 99 bought or addedQ3 25: 36 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20232021
Q1 20242921
Q2 20244319
Q3 20244125
Q4 20243030
Q1 20254223
Q2 20255736
Q3 20259936

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $10.0kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $4.1mQ3 25 puts: $2.9mQ3 25P/C 0.70
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$10.0k$00.00
Q3 2025$4.1m$2.9m0.70

Biggest buyers

MMCAP International Inc. SPC Added +5,112,295+5.1m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +2,542,740+2.5m
Merewether Investment Management, LP New +1,913,400+1.9m
JPMORGAN CHASE & CO Added +1,643,816+1.6m
JANE STREET GROUP, LLC New +1,545,359+1.5m
Woodline Partners LP New +1,363,415+1.4m
AMERICAN CENTURY COMPANIES INC Added +1,193,444+1.2m
BANK OF MONTREAL /CAN/ Added +1,065,618+1.1m
Pictet Asset Management Holding SA Added +1,042,222+1.0m
TUDOR INVESTMENT CORP ET AL New +1,024,262+1.0m

Biggest sellers

Mubadala Investment Co PJSC Sold out -15,750,000-15.8m
VAN ECK ASSOCIATES CORP Reduced -5,251,518-5.3m
GOLDMAN SACHS GROUP INC Reduced -4,221,370-4.2m
Ruffer LLP Reduced -1,124,520-1.1m
Hillsdale Investment Management Inc. Reduced -710,585-710.6k
Invesco Ltd. Reduced -638,392-638.4k
683 Capital Management, LLC Reduced -600,000-600.0k
MILLENNIUM MANAGEMENT LLC Reduced -542,664-542.7k
Artisan Partners Limited Partnership Reduced -329,267-329.3k
Russell Investments Group, Ltd. Reduced -308,120-308.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $3.1m317.7k shares
CITADEL ADVISORS LLC New $546.8k55.8k shares
SIMPLEX TRADING, LLC Added $172.0k17.6k shares
WOLVERINE TRADING, LLC New $167.9k17.1k shares
GROUP ONE TRADING LLC New $120.5k12.3k shares

Biggest puts

BW Gestao de Investimentos Ltda. New $2.0m200.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $452.8k46.2k shares
CITADEL ADVISORS LLC New $276.4k28.2k shares
GROUP ONE TRADING LLC New $197.0k20.1k 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
VAN ECK ASSOCIATES CORP 13G · institution filed 2025-05-12 7.3% 12.5m≈ $185.8m 2025-05-12

Fell to 5% or below in the last year: MMCAP International Inc. SPC (3.8%, 2026-05-15), BANK OF MONTREAL /CAN/ (3.0%, 2026-02-13)

Insider purchases and sales in Q3 2025

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.

None reported in Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MMCAP International Inc. SPC 18.74% of their portfolio GRAND CAYMAN, E9 16,436,88216.4m $161.1m $161.1m 18.74% Added +5.1m +5,112,295
2 VAN ECK ASSOCIATES CORP 0.06% of their portfolio NEW YORK, NY 6,098,4226.1m $59.8m $59.8m 0.06% Reduced -5.3m -5,251,518
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,329,8674.3m $42.4m $42.4m 0.00% Added +821.4k +821,402
4 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio BOSTON, MA 4,207,2214.2m $41.2m $41.2m 0.03% Added +2.5m +2,542,740
5 Ruffer LLP 2.24% of their portfolio LONDON, X0 4,114,7284.1m $40.3m $40.3m 2.24% Reduced -1.1m -1,124,520
6 Hillsdale Investment Management Inc. 1.20% of their portfolio Toronto, A6 4,063,5784.1m $39.8m $39.8m 1.20% Reduced -710.6k -710,585
7 Connor, Clark & Lunn Investment Management Ltd. 0.12% of their portfolio VANCOUVER, A1 3,951,6914.0m $38.7m $38.7m 0.12% Added +602.9k +602,941
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,459,8143.5m $33.9m $33.9m 0.00% Added +1.6m +1,643,816
9 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 2,776,4482.8m $27.2m $27.2m 0.01% Added +1.2m +1,193,444
10 Apis Capital Advisors, LLC 5.44% of their portfolio New York, NY 2,514,0002.5m $24.6m $24.6m 5.44% Added +636.0k +636,000
11 Amundi 0.01% of their portfolio Paris, I0 2,176,6472.2m $22.7m $22.7m 0.01% Added +291.6k +291,616
12 Merewether Investment Management, LP 0.45% of their portfolio DALLAS, TX 1,913,4001.9m $18.7m $18.7m 0.45% New
13 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 1,759,6671.8m $17.2m $17.2m 0.03% Added +750.5k +750,548
14 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,605,5281.6m $15.7m $15.7m 0.00% Reduced -4.2m -4,221,370
15 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 1,545,3591.5m $15.1m $15.1m 0.02% New
16 Woodline Partners LP 0.06% of their portfolio San Francisco, CA 1,363,4151.4m $13.4m $13.4m 0.06% New
17 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 1,238,5001.2m $12.1m $12.1m 0.01% Added +334.8k +334,800
18 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,236,2131.2m $12.1m $12.1m 0.00% Reduced -638.4k -638,392
19 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 1,212,9821.2m $11.9m $11.9m 0.01% Added +1.1m +1,065,618
20 Quaker Capital Investments, LLC 2.96% of their portfolio MOUNT LEBANON, PA 1,121,4381.1m $11.0m $11.0m 2.96% Unchanged
21 Pictet Asset Management Holding SA 0.01% of their portfolio CAROUGE, V8 1,067,0441.1m $10.5m $10.5m 0.01% Added +1.0m +1,042,222
22 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,034,8371.0m $10.1m $10.1m 0.00% Added +70.1k +70,065
23 TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio STAMFORD, CT 1,024,2621.0m $10.0m $10.0m 0.07% New
24 Thomist Capital Management, LP 3.12% of their portfolio Houston, TX 1,018,1061.0m $10.0m $10.0m 3.12% New
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 998,311998.3k $9.8m $9.8m 0.00% Reduced -67.3k -67,331
26 Sagil Capital LLP 5.60% of their portfolio LONDON, X0 947,600947.6k $9.3m $9.3m 5.60% New
27 683 Capital Management, LLC 0.80% of their portfolio NEW YORK, NY 900,000900.0k $8.8m $8.8m 0.80% Reduced -600.0k -600,000
28 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 874,047874.0k $8.6m $8.6m 0.01% Added +530.7k +530,669
29 Walleye Capital LLC 0.06% of their portfolio NEW YORK, NY 801,443801.4k $7.9m $7.9m 0.06% Added +719.9k +719,928
30 Artisan Partners Limited Partnership 0.01% of their portfolio Milwaukee, WI 778,540778.5k $7.6m $7.6m 0.01% Reduced -329.3k -329,267
31 Legal & General Group Plc 0.00% of their portfolio London, X0 734,273734.3k $7.2m $7.2m 0.00% Added +175.9k +175,892
32 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 701,400701.4k $6.9m $6.9m 0.01% Reduced -542.7k -542,664
33 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 600,000600.0k $5.9m $5.9m 0.01% Unchanged
34 Cubist Systematic Strategies, LLC 0.08% of their portfolio STAMFORD, CT 598,226598.2k $5.9m $5.9m 0.08% Added +539.0k +538,975
35 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 586,108586.1k $5.7m $5.7m 0.00% Reduced -71.4k -71,400
36 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 562,363562.4k $5.5m $5.5m 0.00% Added +374.9k +374,906
37 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio CAUSEWAY BAY, K3 547,978548.0k $5.4m $5.4m 0.01% Reduced -18.7k -18,719
38 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 529,400529.4k $5.2m $5.2m 0.01% Added +246.5k +246,500
39 LM Asset Management Inc. 3.54% of their portfolio VANCOUVER, A1 455,000455.0k $4.5m $4.5m 3.54% Reduced -15.0k -15,000
40 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 436,533436.5k $4.3m $4.3m 0.00% Reduced -308.1k -308,120
41 UBS Group AG 0.00% of their portfolio ZURICH, V8 407,507407.5k $4.0m $4.0m 0.00% Added +223.6k +223,612
42 Claret Asset Management Corp 0.45% of their portfolio MONTREAL, A8 385,398385.4k $3.8m $3.8m 0.45% New
43 PICTON MAHONEY ASSET MANAGEMENT 0.05% of their portfolio Toronto, A6 380,027380.0k $3.7m $3.7m 0.05% New
44 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 371,238371.2k $3.6m $3.6m 0.00% Reduced -97.6k -97,642
45 Swiss National Bank 0.00% of their portfolio ZURICH, V8 313,400313.4k $3.1m $3.1m 0.00% Added +13.8k +13,800
46 U S GLOBAL INVESTORS INC 0.33% of their portfolio SAN ANTONIO, TX 300,000300.0k $2.9m $2.9m 0.33% Added +50.0k +50,000
47 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 281,814281.8k $2.8m $2.8m 0.00% Reduced -57.8k -57,798
48 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 259,721259.7k $2.5m $2.5m 0.00% New
49 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 238,373238.4k $2.3m $2.3m 0.00% Reduced -54.3k -54,265
50 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 234,531234.5k $2.3m $2.3m 0.00% Reduced -139.2k -139,192
51 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 226,256226.3k $2.2m $2.2m 0.01% New
52 Quantbot Technologies LP 0.06% of their portfolio NEW YORK, NY 216,549216.5k $2.1m $2.1m 0.06% Reduced -14.1k -14,139
53 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 215,282215.3k $2.1m $2.1m 0.00% New
54 Weiss Asset Management LP 0.03% of their portfolio BOSTON, MA 211,055211.1k $2.1m $2.1m 0.03% Not comparable
55 EDMOND DE ROTHSCHILD HOLDING S.A. 0.03% of their portfolio CHAMBESY, V8 202,980203.0k $2.0m $2.0m 0.03% Added +64.5k +64,461
56 PDT Partners, LLC 0.12% of their portfolio New York, NY 193,709193.7k $1.9m $1.9m 0.12% Unchanged
57 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 185,552185.6k $1.8m $1.8m 0.00% New
58 Y-Intercept (Hong Kong) Ltd 0.04% of their portfolio HONG KONG, K3 181,951182.0k $1.8m $1.8m 0.04% New
59 Triasima Portfolio Management inc. 0.26% of their portfolio MONTREAL, A8 177,659177.7k $1.7m $1.7m 0.26% Added +2.8k +2,752
60 CIBC Asset Management Inc 0.00% of their portfolio TORONTO, Z4 168,381168.4k $1.6m $1.6m 0.00% New
61 XTX Topco Ltd 0.08% of their portfolio LONDON, X0 157,376157.4k $1.5m $1.5m 0.08% Added +47.0k +46,991
62 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 142,090142.1k $1.4m $1.4m 0.00% Added +17.0k +17,031
63 Sheets Smith Investment Management 0.88% of their portfolio HOUSTON, TX 137,890137.9k $1.4m $1.4m 0.88% New
64 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 123,129123.1k $1.2m $1.2m 0.00% Added +31.9k +31,914
65 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 118,648118.6k $1.2m $1.2m 0.00% Added +6.7k +6,687
66 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio VICTORIA, A1 117,822117.8k $1.2m $1.2m 0.01% New
67 Northwest & Ethical Investments L.P. 0.03% of their portfolio TORONTO, A6 116,777116.8k $1.1m $1.1m 0.03% Reduced -13.6k -13,600
68 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 114,487114.5k $1.1m $1.1m 0.00% Unchanged
69 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 112,191112.2k $1.1m $1.1m 0.00% Added +22.8k +22,763
70 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 111,052111.1k $1.1m $1.1m 0.00% Added +74.6k +74,616
71 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 103,592103.6k $1.0m $1.0m 0.00% Added +21.9k +21,880
72 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 96,60296.6k $953.2k $953.2k 0.00% Added +7.5k +7,500
73 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 85,55885.6k $838.5k $838.5k 0.00% Added +25.1k +25,106
74 PRELUDE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio NEW YORK, NY 79,89879.9k $783.0k $783.0k 0.06% Reduced -12.5k -12,455
75 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 79,44079.4k $778.9k $778.9k 0.00% Reduced -8.8k -8,774
76 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 68,09068.1k $667.0k $667.0k 0.00% Added +3.4k +3,415
77 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 61,24761.2k $600.2k $600.2k 0.00% New
78 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 58,40958.4k $572.4k $572.4k 0.00% New
79 SHEETS SMITH WEALTH MANAGEMENT 0.06% of their portfolio WINSTON-SALEM, NC 57,67157.7k $565.2k $565.2k 0.06% New
80 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 55,64755.6k $545.6k $545.6k 0.00% Added +1.4k +1,441
81 Cardinal Point Capital Management ULC 0.04% of their portfolio TORONTO, A6 51,90051.9k $508.5k $508.5k 0.04% Reduced -15.0k -15,000
82 LGT Fund Management Co Ltd. 0.04% of their portfolio VADUZ, N2 50,00050.0k $507.5k $507.5k 0.04% New
83 Brevan Howard Capital Management LP 0.01% of their portfolio ST. HELIER, Y9 48,73648.7k $477.6k $477.6k 0.01% New
84 OMERS ADMINISTRATION Corp 0.00% of their portfolio TORONTO, A6 44,50044.5k $436.1k $436.1k 0.00% Added +12.6k +12,600
85 SPROTT INC. 0.02% of their portfolio TORONTO, A6 44,46444.5k $435.7k $435.7k 0.02% Added +20.9k +20,910
86 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 42,82942.8k $419.9k $419.9k 0.00% Unchanged
87 Metis Global Partners, LLC 0.01% of their portfolio San Diego, CA 41,86041.9k $410.3k $410.3k 0.01% Unchanged
88 Aigen Investment Management, LP 0.06% of their portfolio NEW YORK, NY 41,60341.6k $407.7k $407.7k 0.06% New
89 Point72 Asia (Singapore) Pte. Ltd. 0.06% of their portfolio SINGAPORE, U0 41,43141.4k $406.1k $406.1k 0.06% New
90 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 41,39541.4k $405.7k $405.7k 0.00% Added +5.0k +5,004
91 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 37,06937.1k $363.0k $363.0k 0.01% Added +35.5k +35,514
92 FourThought Financial Partners, LLC 0.03% of their portfolio VENICE, FL 36,30636.3k $355.8k $355.8k 0.03% New
93 Centiva Capital, LP 0.03% of their portfolio New York, NY 34,35234.4k $336.6k $336.6k 0.03% New
94 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 32,90232.9k $322.5k $322.5k 0.00% Added +2.4k +2,357
95 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 32,40032.4k $317.6k $317.6k 0.00% New
96 Diametric Capital, LP 0.12% of their portfolio BOSTON, MA 32,21932.2k $315.7k $315.7k 0.12% Reduced -22.4k -22,396
97 Synergy Asset Management, LLC 0.01% of their portfolio VANCOUVER, WA 29,67729.7k $290.8k $290.8k 0.01% New
98 Man Group plc 0.00% of their portfolio LONDON, X0 27,20027.2k $266.6k $266.6k 0.00% New
99 Aquatic Capital Management LLC 0.00% of their portfolio CHICAGO, IL 26,23226.2k $257.1k $257.1k 0.00% First filing
100 Jump Financial, LLC 0.00% of their portfolio Chicago, IL 25,07225.1k $245.7k $245.7k 0.00% New