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ARES MANAGEMENT LLC

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LOS ANGELES CA Investment Advisor Hedge Fund Activist Investor
13F Summary
Ares Management is based out of Los Angeles. Ares Management is a hedge fund with 529 clients and discretionary assets under management (AUM) of $299,125,514,907 (Form ADV from 2024-12-09). Their last reported 13F filing for Q4 2024 included $2,843,557,880 in managed 13F securities and a top 10 holdings concentration of 92.11%. Ares Management's largest holding is Savers Value Village Inc with shares held of 134,659,188. Whalewisdom has at least 91 13F filings, 90 13D filings, 48 13G filings, and 77 Form 4 filings
Business Description
The firm manages $314,926,162,887 of regulatory assets under management (RAUM), with $15,800,647,981 managed on a non-discretionary basis. All underlying investors and prospective investors should review the Governing Documents of each Client for complete information on fees and compensation. The firm's general practice is to repay advisory fees paid in advance in excess of the pro rata portion earned upon termination of an advisory or investment management relationship. Some clients may have fees that are not refunded upon termination and may even be accelerated in accordance with their Governing Documents. Certain private clients pay an administrative fee ranging from 0.025% to 0.25% per annum on invested capital, as outlined in each Client's Governing Documents.
Investment Strategy
The investment strategies involve a disciplined approach to financial leverage and diversification. This includes detailed modeling and sensitivity analyses, a comprehensive analysis of business quality and growth opportunities, evaluation of management, analysis of business strategy and competitive position, identification of repeatable and systemic operations, and an in-depth examination of valuation, capital structure, financial results, projections, and growth prospects. The allocation of investment opportunities is based on factors such as current and total return requirements, exposure to specific investments, diversification, rating agency ratings, risk profile, transaction costs, potential conflicts of interest, and the nature of the security or transaction.
Owners
  • RESSLER, ANTONY, PETER - CO-FOUNDER AND EXECUTIVE CHAIRMAN
  • KAPLAN, DAVID, BENJAMIN - CO-FOUNDER
  • ARES MANAGEMENT HOLDINGS L.P. - MEMBER
  • AROUGHETI, MICHAEL, J (MI ONLY) - CO-FOUNDER, CHIEF EXECUTIVE OFFICER AND PRESIDENT
  • ROSENTHAL, BENNETT - CO-FOUNDER AND CHAIRMAN OF PRIVATE EQUITY GROUP
  • ROLL, PENELOPE, FACEMIRE - CHIEF COMPLIANCE OFFICER
  • DEVEER, ROBERT, KIPP - HEAD OF CREDIT GROUP
  • PHILLIPS, Jarrod, M - CHIEF FINANCIAL OFFICER
  • BERRY, RYAN, JAMES-BARCLAY - CHIEF MARKETING AND STRATEGY OFFICER
  • Sagati Aghili, Naseem, Sera - GENERAL COUNSEL AND CORPORATE SECRETARY
  • Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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2024-12-31

Top Buys (13F)

2024-12-31

Top Sells (13F)

2024-12-31

13F Holdings Summary

Name $ Change
SVV Savers Value Village 48.54%
FYBR Frontier Communicati 29.22%
GBTG Global Business Trav 3.72%
CCO Clear Channel Outdoo 2.69%
GBDC Golub Capital BDC In 1.52%
In accordance with Special Instruction 9 to Form 13F, fair market value represents the value at the close of trading on the last trading day of the calendar year or quarter, as applicable. *The Reporting Manager does not have formal investment discretion with respect to the securities in the indicated rows, but may be deemed to be part of a group exercising such investment discretion. Such group, if any, would include each manager identified in the column captioned "Other Managers" relating to a given issuer. The filing of this report shall not be deemed an admission, for purposes of Section 13(f), 13(d), 13(g), or 16(a) under the Securities Exchange Act of 1934, as amended, and the rules thereunder, or for any other purpose, that the Reporting Manager or any Other Included Manager exercises investment discretion or is a member of such a group with respect to such securities. Reference is made to reports filed under Sections 13(d), 13(g), and 16(a) for additional information with respect to such beneficial ownership and/or pecuniary interest of the Reporting Manager, any Other Included Manager and related entities. The filing of this report shall not be deemed an admission, for purposes of Section 13(f), 13(d), 13(g), or 16(a) under the Securities Exchange Act of 1934, as amended, and the rules thereunder, or for any other purpose, that the Reporting Manager or any other person (including Other Included Managers named herein) is the beneficial owner of any securities.

2024-12-31

13F Activity

Market Value $2.84b, Prior: $3.61b
Inflows (Outflows) as % of Total MV (-24.284)%
New Purchases 0 stocks
Added To 8 stocks
Sold out of 3 stocks
Reduced holdings in 6 stocks
Top 10 Holdings % 92.11%
Turnover %[1] 8.11%
Turnover Alt %[2] 0.4%
Time Held Top 20 10.85 quarters
Time Held Top 10 10 quarters
Time Held All 12.53 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-12-31

13F Sector Allocation Over Time

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2024-12-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31

Portfolio Performance