Vault-13

ARES ACQUISITION CORP II KDK

SHS CLASS A · Common Stock · CUSIP G33033104

0 institutional holders -61 vs Q2 2025
—reported value*
0 new 0 added 0 reduced 59 sold out net sold ≈ $503.5m (-44.5m 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. Holder counts are more reliable.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q2 23: 40Q3 23: 59Q4 23: 57Q1 24: 54Q2 24: 59Q3 24: 49Q4 24: 58Q1 25: 58Q2 25: 61Q3 25: 00Q2 23Q4 23Q2 24Q4 24Q2 25Q3 25
Numbers
QuarterHolders
Q2 202340
Q3 202359
Q4 202357
Q1 202454
Q2 202459
Q3 202449
Q4 202458
Q1 202558
Q2 202561
Q3 20250

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 16 bought or addedQ4 23: 21 cut or sold outQ1 24: 14 bought or addedQ1 24: 22 cut or sold outQ1 24Q2 24: 19 bought or addedQ2 24: 19 cut or sold outQ3 24: 9 bought or addedQ3 24: 27 cut or sold outQ3 24Q4 24: 18 bought or addedQ4 24: 15 cut or sold outQ1 25: 14 bought or addedQ1 25: 28 cut or sold outQ1 25Q2 25: 38 bought or addedQ2 25: 35 cut or sold outQ3 25: 0 bought or addedQ3 25: 59 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20231621
Q1 20241422
Q2 20241919
Q3 2024927
Q4 20241815
Q1 20251428
Q2 20253835
Q3 2025059

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $2.8mQ2 25 puts: $459.8kQ2 25P/C 0.16Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$2.8m$459.8k0.16
Q3 2025$0$0—

Biggest buyers

None

Biggest sellers

Meteora Capital, LLC Sold out -4,845,228-4.8m
Fort Baker Capital Management LP Sold out -4,537,487-4.5m
Westchester Capital Management, LLC Sold out -3,827,254-3.8m
BERKLEY W R CORP Sold out -3,513,649-3.5m
First Trust Capital Management L.P. Sold out -2,604,010-2.6m
Linden Advisors LP Sold out -2,200,000-2.2m
WOLVERINE ASSET MANAGEMENT LLC Sold out -2,023,711-2.0m
Sculptor Capital LP Sold out -2,000,000-2.0m
AQR Arbitrage LLC Sold out -1,875,229-1.9m
ARISTEIA CAPITAL, L.L.C. Sold out -1,798,169-1.8m

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
METEORA CAPITAL, LLC 13G · institution new · filed 2025-08-14 7.8% new 4.8m 2025-08-14
Alyeska Investment Group, L.P. 13G · institution new · filed 2025-08-14 7.7% new 4.8m 2025-08-14
BARCLAYS PLC 13G · institution no change · filed 2025-03-21 7.1% no change 3.5m 2025-03-21
MIZUHO FINANCIAL GROUP INC 13G · institution new · filed 2025-05-13 6.3% new 3.1m 2025-05-13
Westchester Capital Management, LLC 13G · institution -1.7 pts · filed 2025-08-14 6.2% -1.7 pts 3.8m 2025-08-14

Fell to 5% or below in the last year: BERKLEY W R CORP (0.0%, 2026-08-05), Fort Baker Capital Management LP (0.0%, 2025-11-14)

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