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ARES MANAGEMENT LLC

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13F filer, CIK 1259313, LOS ANGELES, CA

ARES MANAGEMENT LLC reported $1,629,806,741 across 33 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 86.15% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001104659-25-049525

Period
2025-03-31
Reported value
$1.63B
Holdings
33
Top 10 weight
86.15%
New
2
Sold out
3

Part of the filer group ARES MANAGEMENT LLC

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CTEVadded+969,367$20M
MSIFnew+520,000$8.56M
GSBDnew+461,984$5.37M
OBDCadded+70,018$1.03M
RWAYadded+20,000$207K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
FYBRreduced-20,813,477-$746M
BXSLreduced-292,845-$9.48M
FSKreduced-290,849-$6.09M
GBDCreduced-345,458-$5.23M
TSLXreduced-183,062-$4.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001104659-25-049525, largest first. % of portfolio is the value over $1,629,806,741, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SVVSAVERS VALUE VLG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 134,659,188 shares; 2024Q4: 134,659,188 shares; 2025Q1: 134,659,188 shares 134,659,188$929M57.01%0Timeline
FYBRFRONTIER COMMUNICATIONS PAREQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38,912,895 shares; 2024Q4: 23,945,156 shares; 2025Q1: 3,131,679 shares 3,131,679$112M6.89%-20,813,477Timeline
GBTGGLOBAL BUSINESS TRAVEL GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,396,517 shares; 2024Q4: 11,396,517 shares; 2025Q1: 11,396,517 shares 11,396,517$82.7M5.08%0Timeline
CCOCLEAR CHANNEL OUTDOOR HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 55,829,046 shares; 2024Q4: 55,829,046 shares; 2025Q1: 55,829,046 shares 55,829,046$62M3.8%0Timeline
ARCCARES CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,153,544 shares; 2024Q4: 1,897,505 shares; 2025Q1: 1,888,631 shares 1,888,631$41.9M2.57%-8,874Timeline
CTEVCLARITEV CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 749,738 shares; 2024Q4: 893,738 shares; 2025Q1: 1,863,105 shares 1,863,105$38.4M2.36%+969,367Timeline
GBDCGOLUB CAP BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,844,260 shares; 2024Q4: 2,844,260 shares; 2025Q1: 2,498,802 shares 2,498,802$37.8M2.32%-345,458Timeline
BBDCBARINGS BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,607,096 shares; 2024Q4: 3,607,096 shares; 2025Q1: 3,607,096 shares 3,607,096$34.4M2.11%0Timeline
OBDCBLUE OWL CAPITAL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,446,252 shares; 2024Q4: 2,266,804 shares; 2025Q1: 2,336,822 shares 2,336,822$34.3M2.1%+70,018Timeline
CRCCALIFORNIA RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,699,385 shares; 2024Q4: 708,676 shares; 2025Q1: 708,676 shares 708,676$31.2M1.91%0Timeline
TSLXSIXTH STREET SPECIALTY LENDIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,555,751 shares; 2024Q4: 1,555,751 shares; 2025Q1: 1,372,689 shares 1,372,689$30.7M1.88%-183,062Timeline
OCSLOAKTREE SPECIALTY LENDINGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,977,378 shares; 2024Q4: 1,977,378 shares; 2025Q1: 1,977,378 shares 1,977,378$30.4M1.86%0Timeline
FSKFS KKR CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,603,682 shares; 2024Q4: 1,603,682 shares; 2025Q1: 1,312,833 shares 1,312,833$27.5M1.69%-290,849Timeline
BXSLBLACKSTONE SECD LENDING FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,083,945 shares; 2024Q4: 1,083,945 shares; 2025Q1: 791,100 shares 791,100$25.6M1.57%-292,845Timeline
SLRCSLR INVESTMENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,430,205 shares; 2024Q4: 1,430,205 shares; 2025Q1: 1,430,205 shares 1,430,205$24.1M1.48%0Timeline
OPTUOPTIMUM COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,547,478 shares; 2024Q4: 3,547,478 shares; 2025Q1: 3,547,478 shares 3,547,478$9.44M0.58%0Timeline
MSIFMSC INCOME FUND INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 520,000 shares 520,000$8.56M0.53%newTimeline
ARKOARKO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,110,000 shares; 2024Q4: 2,110,000 shares; 2025Q1: 2,110,000 shares 2,110,000$8.33M0.51%0Timeline
TRINTRINITY CAP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 440,000 shares; 2024Q4: 549,839 shares; 2025Q1: 545,723 shares 545,723$8.27M0.51%-4,116Timeline
CCAPCRESCENT CAP BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 469,573 shares; 2024Q4: 469,573 shares; 2025Q1: 469,573 shares 469,573$8.04M0.49%0Timeline
TEMTEMPUS AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 164,383 shares; 2024Q4: 164,383 shares; 2025Q1: 164,383 shares 164,383$7.93M0.49%0Timeline
NMFCNEW MTN FIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 491,694 shares; 2024Q4: 566,186 shares; 2025Q1: 566,186 shares 566,186$6.25M0.38%0Timeline
MFICMIDCAP FINANCIAL INVSTMNT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 310,000 shares; 2024Q4: 482,032 shares; 2025Q1: 482,032 shares 482,032$6.2M0.38%0Timeline
OPALOPAL FUELS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,059,533 shares; 2024Q4: 3,059,533 shares; 2025Q1: 3,059,533 shares 3,059,533$5.63M0.35%0Timeline
GSBDGOLDMAN SACHS BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 461,984 shares 461,984$5.37M0.33%newTimeline
RWAYRUNWAY GROWTH FINANCE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 304,698 shares; 2024Q4: 439,943 shares; 2025Q1: 459,943 shares 459,943$4.76M0.29%+20,000Timeline
HTGCHERCULES CAPITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 198,306 shares; 2024Q4: 226,606 shares; 2025Q1: 201,606 shares 201,606$3.87M0.24%-25,000Timeline
NCDLNUVEEN CHURCHILL DIRECT LENDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 133,070 shares; 2024Q4: 133,070 shares; 2025Q1: 109,156 shares 109,156$1.85M0.11%-23,914Timeline
BCSFBAIN CAP SPECIALTY FIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 68,595 shares; 2024Q4: 68,595 shares; 2025Q1: 68,595 shares 68,595$1.14M0.07%0Timeline
YUNJI INC ADRYUNJI INC ADRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 215,800,000 shares; 2024Q4: 215,800,000 shares; 2025Q1: 215,800,000 shares 215,800,000$917K0.06%0
RENTRENT THE RUNWAY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 169,383 shares; 2024Q4: 169,383 shares; 2025Q1: 169,383 shares 169,383$755K0.05%0Timeline
ARKO CORPARKO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,100,000 shares; 2024Q4: 1,100,000 shares; 2025Q1: 1,100,000 shares 1,100,000$63.1K<0.01%0
Xchange Tec. IncXchange Tec. IncQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,972,885,300 shares; 2024Q4: 41,972,885,300 shares; 2025Q1: 41,972,885,300 shares 41,972,885,300$2.72K<0.01%0

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SMCSUMMIT MIDSTREAM CORPORATION80,594$3.04Mshares
Blue Owl Capital Corp IIIBlue Owl Capital Corp III187,449$2.7Mshares
TCPCBLACKROCK TCP CAPITAL CORP93,053$810Kshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001104659-25-049525 base2025-05-15acceptance time not in the bulk data set