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Livermore
Livermore
ZHEN

Ares Management LLC

SEC CIK
0001259313
Latest filing
Aug 14, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 14, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
34
0 vs. Q2 2025
Portfolio value
$2.18B
+$224.8M (+11.5%) vs. Q2 2025
Filed
Nov 14, 2025
SEC
Holdings of Ares Management LLC in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
SVVSavers Value Village, Inc.COM117,449,188$1.56B71.4%00.0%UnchangedHistory
GBTGGlobal Business Travel Group, Inc.COM CL A13,886,023$112.2M5.1%00.0%UnchangedHistory
CTEVClaritev CorpCL A NEW1,863,105$98.9M4.5%00.0%UnchangedHistory
CCOClear Channel Outdoor Holdings, Inc.COM41,197,491$65.1M3.0%−14,631,555−26.2%ReducedHistory
ARCCAres Capital CorpCEF2,054,376$41.9M1.9%+192,463+10.3%AddedHistory
GBDCGolub Capital BDC, Inc.COM2,571,210$35.2M1.6%00.0%UnchangedHistory
BBDCBarings BDC, Inc.COM3,797,112$33.3M1.5%00.0%UnchangedHistory
TSLXSixth Street Specialty Lending, Inc.COM1,394,779$31.9M1.5%−7,910−0.6%ReducedHistory
OBDCBlue Owl Capital CorpCOM2,487,964$31.8M1.5%00.0%UnchangedHistory
OCSLOaktree Specialty Lending CorpCOM1,945,305$25.4M1.2%00.0%UnchangedHistory
BXSLBlackstone Secured Lending FundCOMMON STOCK821,100$21.4M1.0%00.0%UnchangedHistory
FSKFS KKR Capital CorpCOM1,280,482$19.1M0.9%−5,010−0.4%ReducedHistory
TEMTempus AI, Inc.CL A164,383$13.3M0.6%00.0%UnchangedHistory
ARKOARKO Corp.COM2,110,000$9.64M0.4%00.0%UnchangedHistory
OPTUOptimum Communications, Inc.CL A3,547,478$8.55M0.4%00.0%UnchangedHistory
TRINTrinity Capital Inc.COM545,723$8.45M0.4%00.0%UnchangedHistory
GSBDGoldman Sachs BDC, Inc.SHS798,421$8.12M0.4%00.0%UnchangedHistory
OTFBlue Owl Technology Finance Corp.COMMON STOCK539,064$7.45M0.3%+539,064NewHistory
CCAPCrescent Capital BDC, Inc.COM516,409$7.36M0.3%00.0%UnchangedHistory
OPALOPAL Fuels Inc.CLASS A COM3,059,533$6.73M0.3%00.0%UnchangedHistory
MFICMidCap Financial Investment CorpCOM NEW545,532$6.54M0.3%00.0%UnchangedHistory
BRCBBlack Rock Coffee Bar, Inc.CL A250,676$5.98M0.3%+250,676NewHistory
NMFCNew Mountain Finance CorpCOM596,371$5.75M0.3%00.0%UnchangedHistory
MSIFMSC Income Fund, Inc.COM408,393$5.36M0.2%00.0%UnchangedHistory
RWAYRunway Growth Finance Corp.COM435,885$4.43M0.2%00.0%UnchangedHistory
HTGCHercules Capital, Inc.COM201,606$3.81M0.2%00.0%UnchangedHistory
SLRCSLR Investment Corp.COM138,502$2.12M0.1%−805,629−85.3%ReducedHistory
NCDLNuveen Churchill Direct Lending Corp.COM SHS125,156$1.73M0.1%00.0%UnchangedHistory
YJYunji Inc.SPONSORED ADS A215,800,000$1.06M<0.1%+280,300+0.1%AddedHistory
BCSFBain Capital Specialty Finance, Inc.COM STK68,595$977.5K<0.1%00.0%UnchangedHistory
RENTRent the Runway, Inc.CL A NEW169,383$835.1K<0.1%00.0%UnchangedHistory
UNITUniti Group Inc.COM SHS14,518$28.6K<0.1%+14,518NewHistory
ARKO Corp.041242116*W EXP 12/22/2021,100,000$10.2K<0.1%00.0%Unchanged–
XHGXChange TEC.INCSPONS ADS CL A419,729$217<0.1%−34,082,847,071−100.0%ReducedHistory

Options (1)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Ares Management LLC in Q3 2025
SecurityClassPutsCalls
State Street SPDR S&P Homebuilders ETF78464A888ETF$22.2M–

Sold out since Q2 2025 (3)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Ares Management LLC sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
FYBRFrontier Communications Parent, Inc.COM3,131,679$114.0M5.8%History
CRCCalifornia Resources CorpCOM STOCK708,676$32.4M1.7%History
FLYYSpirit Aviation Holdings, Inc.COM1,378,343$6.88M0.4%History