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ARES MANAGEMENT LLC

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13F filer, CIK 1259313, LOS ANGELES, CA

ARES MANAGEMENT LLC reported $1,955,780,098 across 34 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 88.52% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001104659-25-078660

Period
2025-06-30
Reported value
$1.96B
Holdings
34
Top 10 weight
88.52%
New
3
Sold out
2

Part of the filer group ARES MANAGEMENT LLC

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
GBTGadded+2,489,506$15.7M
FLYYnew+1,378,343$6.88M
GSBDadded+336,437$3.78M
OBDCadded+151,142$2.17M
BBDCadded+190,016$1.74M

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
SVVreduced-17,210,000-$176M
SLRCreduced-486,074-$7.85M
MSIFreduced-111,607-$1.83M
YUNJI INC ADRexited-215,800,000-$917K
ARCCreduced-26,718-$587K

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, Q2 2025

Share positions as resolved from 13F-HR 0001104659-25-078660, largest first. % of portfolio is the value over $1,955,780,098, 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; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 134,659,188 shares; 2024Q4: 134,659,188 shares; 2025Q1: 134,659,188 shares; 2025Q2: 117,449,188 shares 117,449,188$1.2B61.25%-17,210,000Timeline
FYBRFRONTIER COMMUNICATIONS PAREQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38,912,895 shares; 2024Q4: 23,945,156 shares; 2025Q1: 3,131,679 shares; 2025Q2: 3,131,679 shares 3,131,679$114M5.83%0Timeline
GBTGGLOBAL BUSINESS TRAVEL GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,396,517 shares; 2024Q4: 11,396,517 shares; 2025Q1: 11,396,517 shares; 2025Q2: 13,886,023 shares 13,886,023$87.5M4.47%+2,489,506Timeline
CTEVCLARITEV CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 749,738 shares; 2024Q4: 893,738 shares; 2025Q1: 1,863,105 shares; 2025Q2: 1,863,105 shares 1,863,105$84.1M4.3%0Timeline
CCOCLEAR CHANNEL OUTDOOR HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 55,829,046 shares; 2024Q4: 55,829,046 shares; 2025Q1: 55,829,046 shares; 2025Q2: 55,829,046 shares 55,829,046$65.3M3.34%0Timeline
ARCCARES CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,153,544 shares; 2024Q4: 1,897,505 shares; 2025Q1: 1,888,631 shares; 2025Q2: 1,861,913 shares 1,861,913$40.9M2.09%-26,718Timeline
GBDCGOLUB CAP BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,844,260 shares; 2024Q4: 2,844,260 shares; 2025Q1: 2,498,802 shares; 2025Q2: 2,571,210 shares 2,571,210$37.7M1.93%+72,408Timeline
OBDCBLUE OWL CAPITAL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,446,252 shares; 2024Q4: 2,266,804 shares; 2025Q1: 2,336,822 shares; 2025Q2: 2,487,964 shares 2,487,964$35.7M1.82%+151,142Timeline
BBDCBARINGS BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,607,096 shares; 2024Q4: 3,607,096 shares; 2025Q1: 3,607,096 shares; 2025Q2: 3,797,112 shares 3,797,112$34.7M1.77%+190,016Timeline
TSLXSIXTH STREET SPECIALTY LENDIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,555,751 shares; 2024Q4: 1,555,751 shares; 2025Q1: 1,372,689 shares; 2025Q2: 1,402,689 shares 1,402,689$33.4M1.71%+30,000Timeline
CRCCALIFORNIA RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,699,385 shares; 2024Q4: 708,676 shares; 2025Q1: 708,676 shares; 2025Q2: 708,676 shares 708,676$32.4M1.65%0Timeline
FSKFS KKR CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,603,682 shares; 2024Q4: 1,603,682 shares; 2025Q1: 1,312,833 shares; 2025Q2: 1,285,492 shares 1,285,492$26.7M1.36%-27,341Timeline
OCSLOAKTREE SPECIALTY LENDINGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,977,378 shares; 2024Q4: 1,977,378 shares; 2025Q1: 1,977,378 shares; 2025Q2: 1,945,305 shares 1,945,305$26.6M1.36%-32,073Timeline
BXSLBLACKSTONE SECD LENDING FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,083,945 shares; 2024Q4: 1,083,945 shares; 2025Q1: 791,100 shares; 2025Q2: 821,100 shares 821,100$25.2M1.29%+30,000Timeline
SLRCSLR INVESTMENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,430,205 shares; 2024Q4: 1,430,205 shares; 2025Q1: 1,430,205 shares; 2025Q2: 944,131 shares 944,131$15.2M0.78%-486,074Timeline
TEMTEMPUS AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 164,383 shares; 2024Q4: 164,383 shares; 2025Q1: 164,383 shares; 2025Q2: 164,383 shares 164,383$10.4M0.53%0Timeline
GSBDGOLDMAN SACHS BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 461,984 shares; 2025Q2: 798,421 shares 798,421$8.98M0.46%+336,437Timeline
ARKOARKO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,110,000 shares; 2024Q4: 2,110,000 shares; 2025Q1: 2,110,000 shares; 2025Q2: 2,110,000 shares 2,110,000$8.93M0.46%0Timeline
TRINTRINITY CAP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 440,000 shares; 2024Q4: 549,839 shares; 2025Q1: 545,723 shares; 2025Q2: 545,723 shares 545,723$7.68M0.39%0Timeline
OPTUOPTIMUM COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,547,478 shares; 2024Q4: 3,547,478 shares; 2025Q1: 3,547,478 shares; 2025Q2: 3,547,478 shares 3,547,478$7.59M0.39%0Timeline
OPALOPAL FUELS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,059,533 shares; 2024Q4: 3,059,533 shares; 2025Q1: 3,059,533 shares; 2025Q2: 3,059,533 shares 3,059,533$7.4M0.38%0Timeline
CCAPCRESCENT CAP BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 469,573 shares; 2024Q4: 469,573 shares; 2025Q1: 469,573 shares; 2025Q2: 516,409 shares 516,409$7.28M0.37%+46,836Timeline
MFICMIDCAP FINANCIAL INVSTMNT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 310,000 shares; 2024Q4: 482,032 shares; 2025Q1: 482,032 shares; 2025Q2: 545,532 shares 545,532$6.88M0.35%+63,500Timeline
FLYYSPIRIT AVIATION HLDGS INC COM(Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,378,343 shares 1,378,343$6.88M0.35%newTimeline
MSIFMSC INCOME FUND INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 520,000 shares; 2025Q2: 408,393 shares 408,393$6.71M0.34%-111,607Timeline
NMFCNEW MTN FIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 491,694 shares; 2024Q4: 566,186 shares; 2025Q1: 566,186 shares; 2025Q2: 596,371 shares 596,371$6.29M0.32%+30,185Timeline
RWAYRUNWAY GROWTH FINANCE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 304,698 shares; 2024Q4: 439,943 shares; 2025Q1: 459,943 shares; 2025Q2: 435,885 shares 435,885$4.68M0.24%-24,058Timeline
HTGCHERCULES CAPITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 198,306 shares; 2024Q4: 226,606 shares; 2025Q1: 201,606 shares; 2025Q2: 201,606 shares 201,606$3.69M0.19%0Timeline
NCDLNUVEEN CHURCHILL DIRECT LENDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 133,070 shares; 2024Q4: 133,070 shares; 2025Q1: 109,156 shares; 2025Q2: 125,156 shares 125,156$2.03M0.1%+16,000Timeline
YJYUNJI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 215,519,700 shares 215,519,700$1.11M0.06%newTimeline
BCSFBAIN CAP SPECIALTY FIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 68,595 shares; 2024Q4: 68,595 shares; 2025Q1: 68,595 shares; 2025Q2: 68,595 shares 68,595$1.03M0.05%0Timeline
RENTRENT THE RUNWAY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 169,383 shares; 2024Q4: 169,383 shares; 2025Q1: 169,383 shares; 2025Q2: 169,383 shares 169,383$866K0.04%0Timeline
ARKO CORPARKO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,100,000 shares; 2024Q4: 1,100,000 shares; 2025Q1: 1,100,000 shares; 2025Q2: 1,100,000 shares 1,100,000$14K<0.01%0
XHGXCHANGE TEC.INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 34,083,266,800 shares 34,083,266,800$3.64K<0.01%newTimeline

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
YUNJI INC ADRYUNJI INC ADR215,800,000$917Kshares
Xchange Tec. IncXchange Tec. Inc41,972,885,300$2.72Kshares

How Q2 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 0001104659-25-078660 base2025-08-14acceptance time not in the bulk data set