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Portfolio (Quarterly) Guide ↗

ARES MANAGEMENT LLC

· CIK 0001259313
13F Portfolio $2.2B AUM Filed Nov 14, 2025 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 35 New
Page 2 of 2  ·  35 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 OPAL OPAL Fuels Inc Utilities 3,059,533.0 $6.7M 0.31% NEW $2.20 -1.8%
22 Midcap Financial Invstmnt Co 545,532.0 $6.5M 0.30% NEW $11.99
23 BRCB Black Rock Coffee Bar Inc Consumer Defensive 250,676.0 $6.0M 0.27% NEW $23.86 -71.5%
24 NMFC New Mtn Fin Corp Financial Services 596,371.0 $5.7M 0.26% NEW $9.64 -17.6%
25 MSC Income Fund Inc 408,393.0 $5.4M 0.24% NEW $13.13
26 RWAY Runway Growth Finance Corp Financial Services 435,885.0 $4.4M 0.20% NEW $10.16 -37.8%
27 HTGC Hercules Capital Inc Financial Services 201,606.0 $3.8M 0.17% NEW $18.91 -18.9%
28 SLRC SLR Investment Corp Financial Services 138,502.0 $2.1M 0.10% NEW $15.29 -15.2%
29 NCDL Nuveen Churchill Direct Lending Financial Services 125,156.0 $1.7M 0.08% NEW $13.80 -6.8%
30 Yunji Inc 215,800,000.0 $1.1M 0.05% NEW $0.00
31 BCSF Bain Capital Specialty Finance Inc Financial Services 68,595.0 $977K 0.04% NEW $14.25 -7.3%
32 Rent the Runway, Inc. 169,383.0 $835K 0.04% NEW $4.93
33 UNIT Uniti Group LLC Real Estate 14,518.0 $29K 0.00% NEW $1.97 +460.4%
34 ARKO Corp 1,100,000.0 $10K NEW $0.01
35 XHG Xchange Tec. Inc Real Estate 419,729.0 $217.0 NEW $0.00 +191389.3%
Page 2 of 2  ·  35 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Consumer Cyclical 74.5%
Financial Services 10.7%
Technology 5.3%
Healthcare 5.3%
Communication Services 3.5%
Consumer Defensive 0.3%
Utilities 0.3%
Real Estate 0.0%