Ares Management
LOS ANGELES, CAfiles as ARES MANAGEMENT LLC
$2.2bn in 42 US stocks at the end of 30 June 2026. The top 10 are 85.6% of the money. It changed about 18.7% of the portfolio this quarter.
Value
$2.2bn
Stocks
42
Top 10 share
85.6%
Turnover
18.7%
What changed this quarter
New
Bought for the first time this quarter.
- X-EnergyXE11.5% of the fund
- ArxisARXS2.6% of the fund
- Kodiak AIKDK2.4% of the fund
- Kodiak AIKDKRW0.5% of the fund
- AEyeLIDR<0.1% of the fund
- SkillsoftSKIL<0.1% of the fund
- Ares Dynamic Credit Allocation FundARDC<0.1% of the fund
Added
Bought more of a stock they already held.
- Ares CapitalARCC2.3% of the fund+7%
- Golub Capital BDCGBDC2.0% of the fund+10%
- Barings BDCBBDC1.6% of the fund+15%
- Goldman Sachs BDCGSBD1.4% of the fund+45%
- Oaktree Specialty LendingOCSL1.2% of the fund+5%
- Sixth Street Specialty LendingTSLX1.1% of the fund+4%
- Blackstone Secured Lending FundBXSL1.0% of the fund+11%
- Blue Owl Technology FinanceOTF0.9% of the fund+46%
- MSC Income FundMSIF0.7% of the fund+53%
- Nuveen Churchill Direct LendingNCDL0.5% of the fund+67%
- Crescent Capital BDCCCAP0.5% of the fund+99%
- Morgan Stanley Direct Lending FundMSDL0.5% of the fund+88%
- Runway Growth FinanceRWAY0.4% of the fund+29%
- Bain Capital Specialty FinanceBCSF0.3% of the fund+522%
- Carlyle Secured LendingCGBD0.2% of the fund+97%
- Eagle Point CreditECC0.2% of the fund+12%
- BlackRock TCP CapitalTCPC0.2% of the fund+94%
- Oxford Lane CapitalOXLC0.1% of the fund+4%
Cut
Sold some of their stake.
- Global Business Travel GroupGBTG1.9% of the fund-69%
- FS KKR CapitalFSK<0.1% of the fund-89%
Sold out
Sold their entire stake.
- Integer Hldgs-100%
- MidCap Financial InvestmentMFIC-100%
Holdings
- X-EnergyXE
- Share
- 11.5%
- Value
- $254m
- Shares
- 13,844,585
New
- ArxisARXS
- Share
- 2.6%
- Value
- $58m
- Shares
- 1,254,547
New
- Kodiak AIKDKRW
- Share
- 0.5%
- Value
- $11m
- Shares
- 14,300,000
New
- Eagle Point CreditECC
- Share
- 0.2%
- Value
- $4m
- Shares
- 1,198,419
+12%
- Oxford Lane CapitalOXLC
- Share
- 0.1%
- Value
- $2m
- Shares
- 268,564
+4%
- Ares Dynamic Credit Allocation FundARDC
- Share
- <0.1%
- Value
- $745
- Shares
- 59
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Savers Value VillageSVV | 53.8% | $1.2bn | 117,449,188 | Held |
| X-EnergyXE | 11.5% | $254m | 13,844,585 | New |
| Clear Channel Outdoor HoldingsCCO | 4.5% | $100m | 41,197,491 | Held |
| ClaritevCTEV | 2.9% | $64m | 1,863,105 | Held |
| ArxisARXS | 2.6% | $58m | 1,254,547 | New |
| Kodiak AIKDK | 2.4% | $54m | 10,610,857 | New |
| Ares CapitalARCC | 2.3% | $52m | 2,783,165 | +7% |
| Golub Capital BDCGBDC | 2.0% | $43m | 3,357,115 | +10% |
| Global Business Travel GroupGBTG | 1.9% | $41m | 4,338,264 | -69% |
| Barings BDCBBDC | 1.6% | $35m | 4,164,327 | +15% |
| Blue Owl CapitalOBDC | 1.4% | $31m | 2,872,757 | Held |
| Goldman Sachs BDCGSBD | 1.4% | $30m | 3,147,251 | +45% |
| Oaktree Specialty LendingOCSL | 1.2% | $26m | 2,204,305 | +5% |
| Sixth Street Specialty LendingTSLX | 1.1% | $24m | 1,404,779 | +4% |
| Blackstone Secured Lending FundBXSL | 1.0% | $21m | 895,687 | +11% |
| Blue Owl Technology FinanceOTF | 0.9% | $20m | 1,966,345 | +46% |
| ArkoARKO | 0.8% | $17m | 2,110,000 | Held |
| MSC Income FundMSIF | 0.7% | $15m | 1,267,910 | +53% |
| Hercules CapitalHTGC | 0.6% | $12m | 776,606 | Held |
| Nuveen Churchill Direct LendingNCDL | 0.5% | $12m | 958,826 | +67% |
| Crescent Capital BDCCCAP | 0.5% | $12m | 1,088,183 | +99% |
| Morgan Stanley Direct Lending FundMSDL | 0.5% | $12m | 775,128 | +88% |
| Kodiak AIKDKRW | 0.5% | $11m | 14,300,000 | New |
| Trinity CapitalTRIN | 0.4% | $10m | 545,723 | Held |
| Tempus AITEM | 0.4% | $10m | 164,383 | Held |
| Runway Growth FinanceRWAY | 0.4% | $9m | 1,517,179 | +29% |
| Bain Capital Specialty FinanceBCSF | 0.3% | $7m | 588,471 | +522% |
| OPAL FuelsOPAL | 0.3% | $7m | 3,059,533 | Held |
| FTAI InfrastructureFIP | 0.3% | $6m | 1,197,554 | Held |
| Optimum CommunicationsOPTU | 0.2% | $5m | 3,547,478 | Held |
| Carlyle Secured LendingCGBD | 0.2% | $5m | 472,187 | +97% |
| Eagle Point CreditECC | 0.2% | $4m | 1,198,419 | +12% |
| BlackRock TCP CapitalTCPC | 0.2% | $4m | 1,054,771 | +94% |
| Oxford Lane CapitalOXLC | 0.1% | $2m | 268,564 | +4% |
| Black Rock Coffee BarBRCB | <0.1% | $2m | 250,676 | Held |
| FS KKR CapitalFSK | <0.1% | $2m | 170,728 | -89% |
| YunjiYJ | <0.1% | $766,090 | 215,800,000 | Held |
| Rent the RunwayRENT | <0.1% | $533,556 | 169,383 | Held |
| Uniti GroupUNIT | <0.1% | $166,521 | 14,518 | Held |
| AEyeLIDR | <0.1% | $6,572 | 4,564 | New |
| SkillsoftSKIL | <0.1% | $4,481 | 865 | New |
| Ares Dynamic Credit Allocation FundARDC | <0.1% | $745 | 59 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 12.6% since 30 June 2025.
Where the money is
Retail & consumer54.0%
Industrials16.3%
Technology5.8%
Media & telecom4.8%
Everyday goods0.8%
Utilities0.3%
Other18.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.