Ares Management LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Ares Management LLC reported 36 stock positions worth $3.6 billion. Its top holding was Savers Value Village (SVV) at 39.3% of the portfolio, followed by Frontier Communications Pare (FYBR, 38.3%) and California Resources (CRC, 3.9%). Compared with Q2 2024, it opened 5 new positions, sold out of 2, added to 11 and reduced 5. The biggest buy was a new position in Ishr Ibx Usd Hiyld CB ETF-Ui (HYG) and the biggest sale Pennantpark Investment (PNNT, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0001259313
- Portfolio Value
- $3.6B (Q3 2024)
- SEC Filing
- 0001104659-24-118844 ↗ filed Nov 14, 2024
Holdings Value
Holdings 36 stocks · $3.6B
| SVV Savers Value Village Inc. | 39.29% | 134,659,188 | $1.4B | No change |
| FYBR Frontier Communications Pare | 38.34% | 38,912,895 | $1.4B | No change |
| CRC California Resources Corp. | 3.93% | 2,699,385 | $141.6M | No change |
| CCO Clear Channel Outdoor Holdin | 2.48% | 55,829,046 | $89.3M | No change |
| GBTG Global Business Travel Group | 2.43% | 11,396,517 | $87.6M | Add +4.7% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 2.23% | 1,000,000 | $80.3M | New |
| ARCC Ares Capital Corp. | 1.25% | 2,153,544 | $45.1M | Add +4.4% |
| GBDC Golub Capital BDC Inc. | 1.19% | 2,844,260 | $43.0M | Add +24.6% |
| OBDC Blue Owl Capital Corp. | 0.99% | 2,446,252 | $35.6M | Add +14.5% |
| BBDC Barings BDC Inc. | 0.98% | 3,607,096 | $35.3M | Reduce -9.6% |
| OCSL Oaktree Specialty Lending Co. | 0.89% | 1,977,378 | $32.3M | Add +11.9% |
| TSLX Sixth Street Specialty Lendi | 0.89% | 1,555,751 | $31.9M | Add +31.8% |
| BXSL Blackstone Secured Lending F | 0.88% | 1,083,945 | $31.7M | Add +16.9% |
| FSK FS KKR Capital Corp. | 0.88% | 1,603,682 | $31.6M | Add +4.9% |
| SLRC SLR Investment Corp. | 0.60% | 1,430,205 | $21.5M | Add +0.1% |
| ARKO Arko Corp. | 0.41% | 2,110,000 | $14.8M | No change |
| OPAL Opal Fuels Inc. Class A | 0.31% | 3,059,533 | $11.2M | No change |
| TEM Tempus AI Inc. Class A | 0.26% | 164,383 | $9.3M | Add +166.7% |
| OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC | 0.24% | 3,547,478 | $8.7M | No change |
| CCAP Crescent Capital BDC Inc. | 0.24% | 469,573 | $8.7M | No change |
| SMC Summit Midstream Corp. | 0.19% | 198,570 | $7.0M | Reduce -26.1% |
| TRIN Trinity Capital Inc. | 0.17% | 440,000 | $6.0M | New |
| NMFC New Mountain Finance Corp. filed as NEW MTN FIN CORP | 0.16% | 491,694 | $5.9M | New |
| CTEV Claritev Corp. filed as MULTIPLAN CORPORATION | 0.16% | 749,738 | $5.7M | No change |
| MFIC Midcap Financial Investment | 0.12% | 310,000 | $4.2M | New |
| HTGC Hercules Capital Inc. | 0.11% | 198,306 | $3.9M | Add +38.6% |
| RWAY Runway Growth Finance Corp. | 0.09% | 304,698 | $3.1M | No change |
| PNNT Pennantpark Investment Corp. | 0.07% | 367,039 | $2.6M | Reduce -86.2% |
| NCDL Nuveen Churchill Direct Lend | 0.06% | 133,070 | $2.3M | No change |
| RENT Rent the Runway Inc. Class A | 0.05% | 169,383 | $1.6M | Reduce 0.0% |
| TCPC BlackRock TCP Capital Corp. | 0.04% | 169,789 | $1.4M | Reduce -62.2% |
| YJ Yunji Inc.-ADR | 0.03% | 215,800,000 | $1.3M | No change |
| BCSF Bain Capital Specialty Finan | 0.03% | 68,595 | $1.1M | No change |
| DISH NETWORK CORP (DISH 0 12/15/25) | 0.01% | 460,000 | $400K | No change |
| OBDE Blue Owl Capital Corp. III | 0.01% | 26,965 | $386K | New |
| XHG Xchange Tec.inc | 0.00% | 41,972,885,300 | $20K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $572K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ARKOW Arko Corp. -CW25 | *W EXP 12/22/202 | 1,100,000 | $572K | No change |
Total filed on the 13F, all lines: $3.6B.
Portfolio Sells Q2 2024 → Q3 2024
| PNNT Pennantpark Investment Corp. | Reduce -86.2% | 0.07% | −0.50 |
| VNET Vnet Group Inc.-ADR | Sold out | 0.00% | −0.33 |
| BBDC Barings BDC Inc. | Reduce -9.6% | 0.98% | −0.12 |
| TCPC BlackRock TCP Capital Corp. | Reduce -62.2% | 0.04% | −0.10 |
| SBOW Silverbow Resources Inc. | Sold out | 0.00% | −0.09 |
| SMC Summit Midstream Corp. | Reduce -26.1% | 0.19% | −0.08 |
| RENT Rent the Runway Inc. Class A | Reduce 0.0% | 0.05% | −0.04 |
Portfolio Buys Q2 2024 → Q3 2024
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 2.23% | +2.23 |
| GBTG Global Business Travel Group | Add +4.7% | 2.43% | +0.39 |
| TEM Tempus AI Inc. Class A | Add +166.7% | 0.26% | +0.20 |
| GBDC Golub Capital BDC Inc. | Add +24.6% | 1.19% | +0.17 |
| TSLX Sixth Street Specialty Lendi | Add +31.8% | 0.89% | +0.17 |
| TRIN Trinity Capital Inc. | New | 0.17% | +0.17 |
| NMFC New Mountain Finance Corp. | New | 0.16% | +0.16 |
| MFIC Midcap Financial Investment | New | 0.12% | +0.12 |
| BXSL Blackstone Secured Lending F | Add +16.9% | 0.88% | +0.07 |
| OBDC Blue Owl Capital Corp. | Add +14.5% | 0.99% | +0.06 |
| ARCC Ares Capital Corp. | Add +4.4% | 1.25% | +0.03 |
| HTGC Hercules Capital Inc. | Add +38.6% | 0.11% | +0.02 |
| FSK FS KKR Capital Corp. | Add +4.9% | 0.88% | +0.02 |
| OBDE Blue Owl Capital Corp. III | New | 0.01% | +0.01 |
| OCSL Oaktree Specialty Lending Co. | Add +11.9% | 0.89% | −0.05 |
| SLRC SLR Investment Corp. | Add +0.1% | 0.60% | −0.06 |
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 |