Ares Management Corp. (ares 6.75 10/01/27 B)Preferred / convertible

13F holders, Q4 2025 (December 31)
65holders −1
9new positions
11sold out
2famous investors
$22.36avg. 13F price*

At the end of Q4 2025, 65 institutions reported holding Ares Management Corp. (ares 6.75 10/01/27 B) in their 13F filings, down 1 from Q3 2025. 9 opened new positions and 11 sold out. The largest holders were Franklin Resources Inc. ($259.9M), Voya Investment Management LLC ($134.5M) and BlackRock, Inc. ($115.5M). 2 famous investors held it, including David E. Shaw ( of D. E. Shaw & Co.'s portfolio) and Ken Griffin ( of Citadel Advisors's portfolio).

Company
Ares Management Corp. (ares 6.75 10/01/27 B)
CUSIP
03990B309
Latest filing quarter
Q2 2026

History

Number of 13F holders

020406080 Q4 2024: 52Q4 2024Q1 2025: 66Q1 2025Q2 2025: 65Q2 2025Q3 2025: 66Q3 2025Q4 2025: 65Q4 2025Q1 2026: 57Q1 2026Q2 2026: 52Q2 2026

Total Exit/New Position Q3 2025 → Q4 2025

InstitutionsTotal Value
New Positions9$24.1M
Exits11$46.4M

All 13F filers, Q3 2025 → Q4 2025: 32,258,523 shares bought and 4,156,861 shares sold, net +28,101,662 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 65 holders

Franklin Resources Inc. — Add +40.2% 5,156,929 $259.9M
Voya Investment Management LLC — Reduce -34.4% 2,669,190 $134.5M
BlackRock, Inc. — Reduce -4.5% 2,292,526 $115.5M
Calamos Advisors LLC — Reduce -0.2% 1,640,609 $82.7M
Victory Capital Management Inc. — Add +7.3% 1,270,979 $64.1M
Advent Capital Management — Add +9.9% 920,473 $46.5M
Magnetar Financial LLC — Add +19.8% 907,250 $45.8M
D. E. Shaw & Co. — Add +16.7% 872,250 $43.9M
Ameriprise Financial Inc. — Reduce -10.9% 736,520 $37.1M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. — Reduce -6.8% 680,021 $34.3M
Angelo Gordon & Co., L.P. — Add +204.6% 670,000 $33.7M
Credit Industriel Et Commercial — No change 625,000 $32.0M
Wellington Management Group LLP — Add +161.2% 622,475 $31.3M
Portman Square Capital LLP — Reduce -52.4% 500,000 $25.3M
MacKay Shields LLC — Reduce -1.6% 473,045 $23.9M
Two Sigma Investments, LP — Reduce -55.7% 473,690 $23.9M
FMR LLC — Reduce -4.4% 431,770 $21.7M
State Street Corp. — Add +3.1% 423,876 $21.3M
Infrastructure Capital Advisors, LLC — Add +61.8% 349,671 $17.6M
Sculptor Capital LP — Add +14.4% 329,854 $16.6M
Pier 88 Investment Partners LLC — Add +54.4% 328,870 $16.6M
Wells Fargo & Company — Reduce -9.3% 294,771 $14.9M
Fosun International Ltd — New 28,120,000 $14.2M
Citigroup Inc. — Add +5.1% 278,101 $14.0M
Bank of America Corp. — Reduce -8.5% 268,686 $13.5M
Ssi Investment Management LLC — Reduce -25.8% 267,375 $13.5M
Invesco Ltd. — Add +1.1% 159,918 $8.1M
Rational Advisors, Inc. — Add +275.3% 158,000 $8.0M
HBK Investments L P — New 150,000 $7.5M
Wolverine Asset Management LLC — Reduce -37.4% 86,241 $4.3M
Russell Investments Group, Ltd. — Add +24.8% 3,506,200 $3.5M
Laffer Tengler Investments, Inc. — Add +2.4% 66,555 $3.4M
Penserra Capital Management LLC — Add +3.7% 62,954 $3.2M
Neuberger Berman Group LLC — Reduce -12.2% 60,940 $3.1M
Nomura Asset Management International Inc. — — 53,150 $2.7M
BlueCrest Capital Management Ltd — Add +34.0% 50,965 $2.6M
Barclays PLC — Reduce -67.9% 34,674 $1.7M
Steward Partners Investment Advisory, LLC — Add +19.3% 34,061 $1.7M
Uniplan Investment Counsel, Inc. — Reduce -5.8% 30,295 $1.5M
Palisade Capital Management, LP — Reduce -3.1% 29,079 $1.5M
Citadel Advisors — New 22,919 $1.2M
AEGON USA Investment Management, LLC — No change 22,700 $1.1M
JPMorgan Chase & Co. — Reduce -73.4% 21,590 $1.1M
Goldman Sachs Group Inc. — Reduce -61.8% 15,920 $802K
Elequin Capital, LP — New 11,432 $574K
Morgan Stanley — Reduce -68.8% 10,901 $549K
Jane Street Group, LLC — Add +72.8% 10,503 $529K
NewEdge Advisors, LLC — New 8,084 $407K
Oddo BHF Asset Management Sas — Add +8.5% 6,510 $328K
Envestnet Asset Management Inc. — Add +0.2% 5,988 $302K
Central Pacific Bank - Trust Division — Reduce -45.8% 5,940 $299K
Raymond James Financial Inc. — Add +5.9% 5,367 $270K
Sei Investments Co. — No change 5,250 $265K
Angeles Wealth Management, LLC — New 3,200 $164K
Whittier Trust Co. — New 2,400 $130K
Fifth Third Bancorp — Reduce -10.2% 867 $44K
UBS Group AG — Add +60.6% 620 $31K
Lanark Financial, Inc. — No change 320 $16K
Comerica Bank — Add +37.9% 160 $8K
Prosperity Bancshares Inc — — 135 $7K
Northwestern Mutual Wealth Management Co. — Reduce -44.9% 59 $3K
Alken Asset Management Ltd — Add +73.3% 52,000 $3K
CoreCap Advisors, LLC — New 48 $2K
TD Private Client Wealth LLC — Reduce -13.6% 19 $958
MAI Capital Management — New 15 $756

"% of holder's portfolio" is ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B)'s weight in each manager's 13F, not the share of Ares Management Corp. (ares 6.75 10/01/27 B) the manager owns.