Ares Systematic Credit Ltd
- SEC CIK
- 0002135379
- Latest filing
- Aug 14, 2026
The latest 13F from Ares Systematic Credit Ltd covers Q2 2026 (filed Aug 14, 2026): 242 long positions worth $164.7M. The top 10 holdings make up 23.9% of the portfolio, and the largest is Firstenergy Corp at 3.2%. Livermore has 3 filings on Form 13F from this institution, going back to Q4 2025.
What changed in Q2 2026
Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.
- New
- 142
- Est. +$66.2M
- Added
- 11
- Est. +$2.23M
- Reduced
- 20
- Est. −$7.15M
- Sold out
- 50
- Est. −$40.4M
Top 5 holdings
Share of this quarter's portfolio value
- Firstenergy Corp337932AV93.2%$5.34M
- Cracker Barrel Old Country Store, Inc22410JAC02.7%$4.51M
- JetBlue Airways Corp477143AR22.7%$4.45M
- Five9, Inc.338307AF82.7%$4.44M
- Rubrik, Inc.781154AD12.7%$4.39M
Biggest buys
New and added positions, by estimated amount bought
- Firstenergy Corp337932AV9+$5.34MNew
- Cracker Barrel Old Country Store, Inc22410JAC0+$4.51MNew
- Rubrik, Inc.781154AD1+$4.39MNew
- Southern Co842587ED5+$2.63MNew
- Envista Holdings Corp29415FAC8+$2.40MNew
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Firstenergy Corp337932AV9+3.24 pp0.0% → 3.2%
- Cracker Barrel Old Country Store, Inc22410JAC0+2.74 pp0.0% → 2.7%
- Rubrik, Inc.781154AD1+2.67 pp0.0% → 2.7%
- Southern Co842587ED5+1.60 pp0.0% → 1.6%
- Envista Holdings Corp29415FAC8+1.46 pp0.0% → 1.5%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Peabody Engr Corp704551AD2−$3.84MSold out
- Envista Holdings Corp29415FAD6−$3.66MSold out
- Etsy Inc29786AAJ5−$2.25MSold out
- Rivian Automotive, Inc.76954AAB9−$2.20MSold out
- Southern Co842587DZ7−$2.12MSold out
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Peabody Engr Corp704551AD2−3.04 pp3.0% → 0.0%
- Envista Holdings Corp29415FAD6−2.89 pp2.9% → 0.0%
- Etsy Inc29786AAJ5−1.78 pp1.8% → 0.0%
- Rivian Automotive, Inc.76954AAB9−1.74 pp1.7% → 0.0%
- Southern Co842587DZ7−1.67 pp1.7% → 0.0%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $164.7M
- +$38.1M (+30.1%) vs. prior quarter
- Positions
- 242
- +92 vs. prior quarter
- Top 10 concentration
- 23.9%
- Top 10 as share of value
- Turnover
- 32.7%
- Q2 2026, one quarter
- Average holding period
- 2.0 quarters
- Weighted by value
How these are calculated
- Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
- Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
- Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
- Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2025), so positions held before then are understated.
13F filings by quarter
3 quarters, going back to Q4 2025. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $164.7M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | 242 | $164.7M | Firstenergy CorpCracker Barrel Old Country Store, IncJetBlue Airways Corp | vs. Q1 2026 | SEC |
| Q1 2026 | May 15, 2026 | 150 | $126.6M | Alarm Com Hldgs IncWec Energy Group, Inc.Global PMTS Inc | vs. Q4 2025 | SEC |
| Q4 2025 | May 19, 2026 | 145 | $121.7M | Workiva IncImmunocore Hldgs PLCSolaris Energy Infras Inc | – | SEC |