Ares Management LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Ares Management LLC reported 33 stock positions worth $3.5 billion. Its top holding was Savers Value Village (SVV) at 46.8% of the portfolio, followed by Frontier Communications Pare (FYBR, 28.9%) and Yunji Inc.-ADR (YJ, 4.2%). Compared with Q1 2024, it opened 2 new positions, sold out of 2, added to 7 and reduced 10. The biggest buy was Global Business Travel (GBTG, shares +21%) and the biggest sale Silverbow Resources (SBOW, shares −80%).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0001259313
- Portfolio Value
- $3.5B (Q2 2024)
- SEC Filing
- 0001104659-24-089646 ↗ filed Aug 14, 2024
Holdings Value
Holdings 33 stocks · $3.5B
| SVV Savers Value Village Inc. | 46.84% | 134,659,188 | $1.6B | No change |
| FYBR Frontier Communications Pare | 28.95% | 38,912,895 | $1.0B | No change |
| YJ Yunji Inc.-ADR | 4.24% | 215,800,000 | $149.3M | No change |
| CRC California Resources Corp. | 4.08% | 2,699,385 | $143.7M | No change |
| CCO Clear Channel Outdoor Holdin | 2.24% | 55,829,046 | $78.7M | No change |
| GBTG Global Business Travel Group | 2.04% | 10,884,039 | $71.8M | Add +20.7% |
| ARCC Ares Capital Corp. | 1.22% | 2,063,251 | $43.0M | Reduce -6.8% |
| BBDC Barings BDC Inc. | 1.10% | 3,989,409 | $38.8M | Reduce -2.8% |
| GBDC Golub Capital BDC Inc. | 1.02% | 2,282,865 | $35.9M | Add +5.8% |
| OCSL Oaktree Specialty Lending Co. | 0.94% | 1,766,353 | $33.2M | Add +17.1% |
| OBDC Blue Owl Capital Corp. | 0.93% | 2,136,939 | $32.8M | No change |
| FSK FS KKR Capital Corp. | 0.86% | 1,528,722 | $30.2M | Add +0.8% |
| BXSL Blackstone Secured Lending F | 0.81% | 927,055 | $28.4M | Reduce -9.5% |
| TSLX Sixth Street Specialty Lendi | 0.72% | 1,180,584 | $25.2M | Reduce -8.8% |
| SLRC SLR Investment Corp. | 0.65% | 1,429,348 | $23.0M | No change |
| PNNT Pennantpark Investment Corp. | 0.57% | 2,657,645 | $20.1M | Reduce -7.8% |
| ARKO Arko Corp. | 0.38% | 2,110,000 | $13.2M | No change |
| OPAL Opal Fuels Inc. Class A | 0.36% | 3,059,533 | $12.5M | No change |
| VNET Vnet Group Inc.-ADR | 0.33% | 5,604,821 | $11.7M | No change |
| MULTIPLAN CORP | 0.33% | 29,989,559 | $11.6M | Add +42.0% |
| SMLP Summit Midstream Partners LP | 0.27% | 268,647 | $9.6M | Reduce -21.3% |
| CCAP Crescent Capital BDC Inc. | 0.25% | 469,573 | $8.8M | Reduce -6.4% |
| OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC | 0.21% | 3,547,478 | $7.2M | No change |
| TCPC BlackRock TCP Capital Corp. | 0.14% | 449,150 | $4.9M | Reduce -53.2% |
| RWAY Runway Growth Finance Corp. | 0.10% | 304,698 | $3.6M | Add +6.5% |
| SBOW Silverbow Resources Inc. | 0.09% | 79,117 | $3.0M | Reduce -79.5% |
| RENT Rent the Runway Inc. Class A | 0.08% | 169,384 | $3.0M | New |
| HTGC Hercules Capital Inc. | 0.08% | 143,038 | $2.9M | No change |
| NCDL Nuveen Churchill Direct Lend | 0.07% | 133,070 | $2.3M | Add +127.7% |
| TEM Tempus AI Inc. Class A | 0.06% | 61,642 | $2.2M | New |
| BCSF Bain Capital Specialty Finan | 0.03% | 68,595 | $1.1M | Reduce -30.9% |
| DISH NETWORK CORP (DISH 0 12/15/25) | 0.01% | 460,000 | $333K | No change |
| XHG Xchange Tec.inc | 0.00% | 41,972,885,300 | $55K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $525K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | 1,100,000 | $525K | No change |
Total filed on the 13F, all lines: $3.5B.
Portfolio Sells Q1 2024 → Q2 2024
| SBOW Silverbow Resources Inc. | Reduce -79.5% | 0.09% | −0.21 |
| TCPC BlackRock TCP Capital Corp. | Reduce -53.2% | 0.14% | −0.09 |
| AMLP Alerian MLP ETF | Sold out | 0.00% | −0.03 |
| RENT Rent the Runway Inc. | Sold out | 0.00% | −0.03 |
| BCSF Bain Capital Specialty Finan | Reduce -30.9% | 0.03% | −0.00 |
| CCAP Crescent Capital BDC Inc. | Reduce -6.4% | 0.25% | +0.06 |
| SMLP Summit Midstream Partners LP | Reduce -21.3% | 0.27% | +0.06 |
| BXSL Blackstone Secured Lending F | Reduce -9.5% | 0.81% | +0.09 |
| TSLX Sixth Street Specialty Lendi | Reduce -8.8% | 0.72% | +0.09 |
| PNNT Pennantpark Investment Corp. | Reduce -7.8% | 0.57% | +0.13 |
| ARCC Ares Capital Corp. | Reduce -6.8% | 1.22% | +0.19 |
| BBDC Barings BDC Inc. | Reduce -2.8% | 1.10% | +0.25 |
Portfolio Buys Q1 2024 → Q2 2024
| GBTG Global Business Travel Group | Add +20.7% | 2.04% | +0.82 |
| OCSL Oaktree Specialty Lending Co. | Add +17.1% | 0.94% | +0.28 |
| GBDC Golub Capital BDC Inc. | Add +5.8% | 1.02% | +0.21 |
| FSK FS KKR Capital Corp. | Add +0.8% | 0.86% | +0.21 |
| RENT Rent the Runway Inc. Class A | New | 0.08% | +0.08 |
| TEM Tempus AI Inc. Class A | New | 0.06% | +0.06 |
| NCDL Nuveen Churchill Direct Lend | Add +127.7% | 0.07% | +0.04 |
| RWAY Runway Growth Finance Corp. | Add +6.5% | 0.10% | +0.02 |
| MULTIPLAN CORP | Add +42.0% | 0.33% | −0.05 |
Options Activity Q1 2024 → Q2 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 130,000 | $68.0Mbefore exit |
| USO United States Oil Fund LP | call | Sold out | 260,000 | $20.5Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 41 | $2.2B | SVV, XE, CCO, CTEV, ARXS |
| Q1 2026 | 37 | $1.5B | SVV, CCO, GBTG, INTEGER HOLDINGS CORP (ITGR 1.875 03/15/30), ARCC |
| Q4 2025 | 35 | $1.8B | SVV, GBTG, CCO, CTEV, ARCC |
| Q3 2025 | 33 | $2.2B | SVV, GBTG, CTEV, CCO, ARCC |
| Q2 2025 | 33 | $2.0B | SVV, FYBR, GBTG, CTEV, CCO |
| Q1 2025 | 32 | $1.6B | SVV, FYBR, GBTG, CCO, ARCC |
| Q4 2024 | 33 | $2.8B | SVV, FYBR, GBTG, CCO, GBDC |
| Q3 2024 | 36 | $3.6B | SVV, FYBR, CRC, CCO, GBTG |
| Q2 2024 | 33 | $3.5B | SVV, FYBR, YJ, CRC, CCO |
| Q1 2024 | 33 | $4.5B | SVV, FYBR, YJ, CRC, CCO |