Ares Management LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Ares Management LLC disclosed 35 US equity positions worth $1.8bn in its Q4 2025 13F filing. The largest position was SVV at 62.7% of the reported book, followed by GBTG and CCO. Against the Q3 2025 filing, it opened 4 new positions, added to 9 and reduced 4 among the top 35 holdings.
What did Ares Management LLC own in Q4 2025? Top 35 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SVV Savers Value Village Inc | 62.7% | $1.1bn | 117,449,188 | 0% | held | |
| 2 | GBTG Global Business Travel Group I | 6.1% | $106.2m | 13,886,023 | 0% | held | |
| 3 | CCO Clear Channel Outdoor Holdings, Inc. | Communication Services | 5.2% | $91.0m | 41,197,491 | 0% | held |
| 4 | CTEV Multiplan Corp | 4.6% | $79.6m | 1,863,105 | 0% | held | |
| 5 | ARCC Ares Capital Corp | 2.6% | $45.4m | 2,245,810 | 9% | added | |
| 6 | GBDC Golub Capital BDC Inc | 2.1% | $37.1m | 2,736,210 | 6% | added | |
| 7 | OBDC Blue Owl Capital Corp | Financial Services | 2.0% | $35.4m | 2,847,757 | 14% | added |
| 8 | Barings BDC Inc | 1.9% | $33.0m | 3,590,176 | -5% | reduced | |
| 9 | Sixth Street Specialty Lending Inc | 1.7% | $29.4m | 1,354,779 | -3% | reduced | |
| 10 | OCSL Oaktree Specialty Lending Corp | 1.4% | $24.6m | 1,933,305 | -1% | reduced | |
| 11 | BXSL Blackstone Secured Lending Fund | 1.2% | $21.1m | 801,100 | -2% | reduced | |
| 12 | FSK FS KKR Capital Corp | 1.1% | $18.9m | 1,277,482 | -0% | held | |
| 13 | OTF Blue Owl Technology Finance Corp | 0.9% | $16.6m | 1,140,168 | 112% | added | |
| 14 | Goldman Sachs BDC Inc | 0.7% | $13.1m | 1,413,058 | 77% | added | |
| 15 | TEM Tempus AI, Inc. | Healthcare | 0.6% | $9.7m | 164,383 | 0% | held |
| 16 | ARKO Arko Corp | 0.5% | $9.6m | 2,110,000 | 0% | held | |
| 17 | TRIN Trinity Capital Inc | 0.5% | $8.0m | 545,723 | 0% | held | |
| 18 | MSC Income Fund Inc | 0.4% | $7.7m | 588,251 | 44% | added | |
| 19 | CCAP Crescent Capital BDC Inc | 0.4% | $7.3m | 516,409 | 0% | held | |
| 20 | OPAL OPAL Fuels Inc | 0.4% | $7.2m | 3,059,533 | 0% | held | |
| 21 | MFIC MidCap Financial Investment Corp | 0.4% | $6.2m | 545,532 | 0% | held | |
| 22 | OPTU Altice USA Inc | Communication Services | 0.3% | $5.9m | 3,547,478 | 0% | held |
| 23 | BRCB Black Rock Coffee Bar, Inc. | Consumer Cyclical | 0.3% | $5.6m | 250,676 | 0% | held |
| 24 | NMFC New Mountain Finance Corp | 0.3% | $5.5m | 602,575 | 1% | added | |
| 25 | FIP FTAI Infrastructure Inc. | 0.3% | $5.5m | 1,197,554 | – | new | |
| 26 | RWAY Runway Growth Finance Corp | 0.3% | $4.9m | 553,123 | 27% | added | |
| 27 | NCDL Nuveen Churchill Direct Lending Corp | 0.3% | $4.8m | 360,830 | 188% | added | |
| 28 | HTGC Hercules Capital Inc | 0.2% | $3.8m | 201,606 | 0% | held | |
| 29 | Oxford Lane Capital Corp. | 0.2% | $3.6m | 247,500 | – | new | |
| 30 | Eagle Point Credit Co Inc | 0.1% | $1.8m | 311,659 | – | new | |
| 31 | MSDL Morgan Stanley Direct Lending Fund | 0.1% | $1.6m | 100,000 | – | new | |
| 32 | RENT Rent the Runway, Inc. | 0.1% | $1.3m | 169,383 | 0% | held | |
| 33 | Bain Capital Specialty Finance Inc | 0.1% | $954.2k | 68,595 | 0% | held | |
| 34 | Yunji Inc | 0.0% | $636.6k | 215,800,000 | 0% | held | |
| 35 | UNIT Uniti Group Inc | 0.0% | $101.8k | 14,518 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.