Ares Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Ares Management LLC reported 37 stock positions worth $1.5 billion. Its top holding was Savers Value Village (SVV) at 57.6% of the portfolio, followed by Clear Channel Outdoor Holdin (CCO, 6.4%) and Global Business Travel (GBTG, 5.1%). Compared with Q4 2025, it opened 3 new positions, sold out of 1 and added to 17. The biggest buy was a new position in Integer Holdings Corp. (itgr 1.875 03/15/30) and the biggest sale an exit from New Mountain Finance (NMFC).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0001259313
- Portfolio Value
- $1.5B (Q1 2026)
- SEC Filing
- 0001104659-26-062439 ↗ filed May 15, 2026
Holdings Value
Holdings 37 stocks · $1.5B
| SVV Savers Value Village Inc. | 57.59% | 117,449,188 | $873.8M | No change |
| CCO Clear Channel Outdoor Holdin | 6.44% | 41,197,491 | $97.6M | No change |
| GBTG Global Business Travel Group | 5.11% | 13,886,023 | $77.5M | No change |
| INTEGER HOLDINGS CORP (ITGR 1.875 03/15/30) | 3.51% | 55,565,000 | $53.3M | New |
| ARCC Ares Capital Corp. | 3.10% | 2,612,475 | $47.1M | Add +16.3% |
| GBDC Golub Capital BDC Inc. | 2.55% | 3,058,356 | $38.7M | Add +11.8% |
| OBDC Blue Owl Capital Corp. | 2.08% | 2,847,757 | $31.5M | No change |
| CTEV Claritev Corp. | 2.01% | 1,863,105 | $30.4M | No change |
| BBDC Barings BDC Inc. | 1.97% | 3,630,176 | $29.9M | Add +1.1% |
| TSLX Sixth Street Specialty Lendi | 1.64% | 1,354,779 | $24.9M | No change |
| OCSL Oaktree Specialty Lending Co. | 1.56% | 2,099,305 | $23.7M | Add +8.6% |
| GSBD Goldman Sachs BDC Inc. | 1.27% | 2,171,173 | $19.3M | Add +53.6% |
| BXSL Blackstone Secured Lending F | 1.26% | 805,687 | $19.1M | Add +0.6% |
| OTF Blue Owl Technology Finance | 1.10% | 1,345,755 | $16.7M | Add +18.0% |
| FSK FS KKR Capital Corp. | 1.02% | 1,517,482 | $15.4M | Add +18.8% |
| ARKO Arko Corp. | 0.77% | 2,110,000 | $11.7M | No change |
| HTGC Hercules Capital Inc. | 0.76% | 776,606 | $11.5M | Add +285.2% |
| MSIF MSC Income Fund Inc. | 0.66% | 826,646 | $10.1M | Add +40.5% |
| RWAY Runway Growth Finance Corp. | 0.53% | 1,177,823 | $8.1M | Add +112.9% |
| TRIN Trinity Capital Inc. | 0.53% | 545,723 | $8.0M | No change |
| OPAL Opal Fuels Inc. Class A | 0.51% | 3,059,533 | $7.7M | No change |
| TEM Tempus AI Inc. Class A | 0.49% | 164,383 | $7.4M | No change |
| NCDL Nuveen Churchill Direct Lend | 0.48% | 574,838 | $7.3M | Add +59.3% |
| CCAP Crescent Capital BDC Inc. | 0.44% | 546,409 | $6.6M | Add +5.8% |
| MFIC Midcap Financial Investment | 0.40% | 545,532 | $6.1M | No change |
| FIP Ftai Infrastructure Inc. | 0.39% | 1,197,554 | $5.9M | No change |
| MSDL Morgan Stanley Direct Lendin | 0.38% | 412,000 | $5.8M | Add +312.0% |
| OPTU Optimum Communications Inc. Class A | 0.30% | 3,547,478 | $4.6M | No change |
| ECC Eagle Point Credit Co. | 0.27% | 1,071,148 | $4.0M | Add +243.7% |
| BRCB Black Rock Coffee Bar Inc. Class A | 0.21% | 250,676 | $3.2M | No change |
| CGBD Carlyle Secured Lending Inc. | 0.17% | 240,000 | $2.6M | New |
| OXLC Oxford Lane Capital Corp. | 0.17% | 258,692 | $2.5M | Add +4.5% |
| TCPC BlackRock TCP Capital Corp. | 0.13% | 544,969 | $2.0M | New |
| BCSF Bain Capital Specialty Finan | 0.08% | 94,654 | $1.2M | Add +38.0% |
| YJ Yunji Inc.-ADR | 0.05% | 215,800,000 | $815K | No change |
| RENT Rent the Runway Inc. Class A | 0.05% | 169,383 | $810K | No change |
| UNIT Uniti Group Inc. | 0.01% | 14,518 | $136K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| NMFC New Mountain Finance Corp. | Sold out | 0.00% | −0.32 |
Portfolio Buys Q4 2025 → Q1 2026
| INTEGER HOLDINGS CORP (ITGR 1.875 03/15/30) | New | 3.51% | +3.51 |
| HTGC Hercules Capital Inc. | Add +285.2% | 0.76% | +0.54 |
| GSBD Goldman Sachs BDC Inc. | Add +53.6% | 1.27% | +0.52 |
| ARCC Ares Capital Corp. | Add +16.3% | 3.10% | +0.51 |
| GBDC Golub Capital BDC Inc. | Add +11.8% | 2.55% | +0.43 |
| MSDL Morgan Stanley Direct Lendin | Add +312.0% | 0.38% | +0.28 |
| RWAY Runway Growth Finance Corp. | Add +112.9% | 0.53% | +0.25 |
| MSIF MSC Income Fund Inc. | Add +40.5% | 0.66% | +0.22 |
| NCDL Nuveen Churchill Direct Lend | Add +59.3% | 0.48% | +0.21 |
| CGBD Carlyle Secured Lending Inc. | New | 0.17% | +0.17 |
| ECC Eagle Point Credit Co. | Add +243.7% | 0.27% | +0.16 |
| OCSL Oaktree Specialty Lending Co. | Add +8.6% | 1.56% | +0.16 |
| OTF Blue Owl Technology Finance | Add +18.0% | 1.10% | +0.15 |
| TCPC BlackRock TCP Capital Corp. | New | 0.13% | +0.13 |
| BBDC Barings BDC Inc. | Add +1.1% | 1.97% | +0.09 |
| BXSL Blackstone Secured Lending F | Add +0.6% | 1.26% | +0.05 |
| CCAP Crescent Capital BDC Inc. | Add +5.8% | 0.44% | +0.02 |
| BCSF Bain Capital Specialty Finan | Add +38.0% | 0.08% | +0.02 |
| OXLC Oxford Lane Capital Corp. | Add +4.5% | 0.17% | −0.04 |
| FSK FS KKR Capital Corp. | Add +18.8% | 1.02% | −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 |