Ares Capital Corp: which funds bought and sold

Institutions that bought and sold Ares Capital shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 370 institutions that filed 13F reports for both quarters added to or opened positions in Ares Capital, and 345 cut or closed them. Together they sold a net 1.6M shares, −0.7% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 7.9M shares (−36.5%); index fund managers were net buyers of 111K shares (+3.7%). 66 opened a new position and 88 sold out entirely.

Bought, Q2 2026 370 institutions, 66 of them new holders Sold, Q2 2026 345 institutions, 88 of them sold out

Net change, all compared −1.6M shares (−0.7%)

Net change, active managers −7.9M shares (−36.5%), 9 bought, 26 sold

Buyers versus sellers

institutions compared, 857

370 bought 142 345 sold

Active managers and hedge funds 9 bought · 26 sold · −7.9M

Index fund managers 3 bought · 2 sold · +111K

Other institutions 358 bought · 317 sold · +6.2M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Van Eck Associates Corp	+2.4M +22.2%	13.3M	$247M
Cambridge Investment Research Advisors, Inc.	+1.2M +116.4%	2.2M	$40.1M
Morgan Stanley	+669K +4.1%	17.0M	$315M
Mariner, LLC	+646K +298.8%	863K	$16M
Ensign Peak Advisors, Inc	+601K +41.7%	2.0M	$37.8M
Franklin Resources Inc Active manager	+579K +33.8%	2.3M	$42.4M
Legal & General Group PLC	+535K +9.0%	6.5M	$121M
Gritstone Asset Management LLC	+447K New position	447K	$8.3M
Rockefeller Capital Management L.P.	+402K +17.5%	2.7M	$49.9M
Ameriprise Financial Inc	+346K +9.2%	4.1M	$76.4M
Nomura Asset Management Co Ltd	+345K +19.3%	2.1M	$39.4M
Russell Investments Group, Ltd.	+336K +38.8%	1.2M	$22.3M
Hightower Advisors, LLC	+335K +9.5%	3.9M	$71.7M
Osaic Holdings, Inc.	+320K +17.6%	2.1M	$39.6M
Sona Asset Management (US) LLC Active manager	+275K New position	275K	$5.1M
Payden & Rygel	+275K +23663.8%	276K	$5.1M
Baldwin Wealth Partners LLC	+242K +122.4%	439K	$8.1M
Old Second National Bank Of Aurora	+224K New position	224K	$4.2M
Independent Financial Group, LLC	+187K +68.4%	460K	$8.5M
Canada Life Assurance Co	+172K +11.9%	1.6M	$29.9M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Franklin Resources Inc Active manager	+579K +33.8%	2.3M	$42.4M
Sona Asset Management (US) LLC Active manager	+275K New position	275K	$5.1M
Marshall Wace, LLP Hedge fund	+96K New position	96K	$1.8M
Armistice Capital, LLC Hedge fund	+14K New position	14K	$262,959
Fisher Asset Management, LLC Active manager	+6,750 +52.1%	20K	$365,064
Riverbridge Partners LLC Active manager	+923 +0.8%	111K	$2.1M
Brown Advisory Inc Active manager	+833 +0.7%	116K	$2.2M
AQR Capital Management LLC Hedge fund	+383 +0.4%	97K	$1.8M
Capstone Investment Advisors, LLC Hedge fund	+109 +1.0%	11K	$195,380

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Citadel Advisors LLC Hedge fund	−2.9M Sold out	0	—
Two Sigma Investments, LP Hedge fund	−1.4M −19.4%	5.9M	$109M
D. E. Shaw & Co., Inc. Hedge fund	−1.3M −63.2%	732K	$13.6M
Trexquant Investment LP Hedge fund	−991K −95.6%	46K	$851,213
Qube Research & Technologies Ltd Hedge fund	−807K Sold out	0	—
Barclays PLC	−607K −99.3%	4,520	$83,756
UBS Group AG	−538K −3.8%	13.8M	$255M
Jupiter Asset Management Ltd Active manager	−528K −30.5%	1.2M	$21.9M
Advisors Capital Management, LLC	−527K −13.4%	3.4M	$63.1M
Mgo One Seven LLC	−398K −95.5%	19K	$349,220
Manufacturers Life Insurance Company, The	−379K Sold out	0	—
Melia Wealth LLC	−355K −43.6%	460K	$8.5M
Focus Partners Wealth	−350K −30.1%	814K	$15.1M
Millennium Management LLC Hedge fund	−321K −69.4%	142K	$2.6M
Rivernorth Capital Management, LLC	−319K Sold out	0	—
Kavar Capital Partners Group, LLC	−262K Sold out	0	—
Group One Trading LLC	−238K −90.0%	26K	$489,062
Bank Of America Corp	−200K −2.2%	8.9M	$166M
Border To Coast Pensions Partnership Ltd	−200K −9.1%	2.0M	$37M
Point72 Asset Management, L.P. Hedge fund	−194K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Citadel Advisors LLC Hedge fund	−2.9M Sold out	0	—
Two Sigma Investments, LP Hedge fund	−1.4M −19.4%	5.9M	$109M
D. E. Shaw & Co., Inc. Hedge fund	−1.3M −63.2%	732K	$13.6M
Trexquant Investment LP Hedge fund	−991K −95.6%	46K	$851,213
Qube Research & Technologies Ltd Hedge fund	−807K Sold out	0	—
Jupiter Asset Management Ltd Active manager	−528K −30.5%	1.2M	$21.9M
Millennium Management LLC Hedge fund	−321K −69.4%	142K	$2.6M
Point72 Asset Management, L.P. Hedge fund	−194K Sold out	0	—
Squarepoint Ops LLC Hedge fund	−115K Sold out	0	—
Winton Group Ltd Hedge fund	−113K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Gritstone Asset Management LLC	447K	$8.3M
Sona Asset Management (US) LLCActive manager	275K	$5.1M
Old Second National Bank Of Aurora	224K	$4.2M
Marshall Wace, LLPHedge fund	96K	$1.8M
Mayflower Financial Advisors, LLC	76K	$1.4M
Caption Management, LLC	75K	$1.4M
HRT Financial LP	69K	$1.3M
Elgethun Capital Management	63K	$1.2M
River Street Advisors LLC	59K	$1.1M
Callodine Capital Management, LP	50K	$926,500

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Citadel Advisors LLCHedge fund	2.9M	$52.6M
Qube Research & Technologies LtdHedge fund	807K	$14.5M
Manufacturers Life Insurance Company, The	379K	$6.8M
Rivernorth Capital Management, LLC	319K	$5.8M
Kavar Capital Partners Group, LLC	262K	$4.7M
Point72 Asset Management, L.P.Hedge fund	194K	$3.5M
First National Trust Co	191K	$3.4M
Bayview Asset Management, LLC	185K	$3.3M
Squarepoint Ops LLCHedge fund	115K	$2.1M
Winton Group LtdHedge fund	113K	$2M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 780
Ten largest holders: 39.4%
Index fund managers: 1.3%
Active managers and hedge funds: 5.6%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	9	26	3	10	−7.9M	−36.5%
Index fund managers	3	2	0	1	+111K	+3.7%
Other institutions	358	317	63	77	+6.2M	+2.8%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Ares Capital.

Only managers that filed a holdings report for both quarters are compared (857 here). 26 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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