Ares Management: which funds bought and sold

Institutions that bought and sold Ares Management 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, 468 institutions that filed 13F reports for both quarters added to or opened positions in Ares Management, and 337 cut or closed them. Together they added a net 10.7M shares, +5.2% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 3.5M shares (−6.5%); index fund managers were net buyers of 2.6M shares (+4.0%). 113 opened a new position and 108 sold out entirely.

Bought, Q2 2026 468 institutions, 113 of them new holders Sold, Q2 2026 337 institutions, 108 of them sold out

Net change, all compared +10.7M shares (+5.2%)

Net change, active managers −3.5M shares (−6.5%), 33 bought, 45 sold

Buyers versus sellers

institutions compared, 895

468 bought 90 337 sold

Active managers and hedge funds 33 bought · 45 sold · −3.5M

Index fund managers 11 bought · 1 sold · +2.6M

Other institutions 424 bought · 291 sold · +11.6M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Bank Of America Corp	+7.7M +182.5%	11.9M	$1.3B
T. Rowe Price Investment Management, Inc. Active manager	+2.8M New position	2.8M	$314M
UBS Group AG	+1.2M +86.0%	2.6M	$293M
Bessemer Group Inc	+1.1M +26499.0%	1.1M	$123M
Morgan Stanley	+1.1M +37.5%	3.9M	$432M
FMR LLC Active manager	+989K +72.2%	2.4M	$262M
Jpmorgan Chase & Co	+870K +19.2%	5.4M	$580M
Charles Schwab Investment Management Inc Index funds	+785K +13.2%	6.7M	$751M
Blackrock, Inc. Index funds	+713K +4.4%	16.9M	$1.9B
Bcv Asset Management Inc.	+509K New position	509K	$54.9M
Rdst Capital LLC	+470K +146.5%	791K	$88.1M
First Trust Advisors LP	+387K +846.8%	432K	$48.1M
Third Point LLC Hedge fund	+375K New position	375K	$41.7M
State Street Corp Index funds	+374K +4.3%	9.0M	$999M
Junto Capital Management LP Hedge fund	+360K New position	360K	$40.1M
American Century Companies Inc Active manager	+360K +65.9%	906K	$101M
Goldman Sachs Group Inc	+360K +18.2%	2.3M	$260M
Boston Partners Active manager	+330K +32.1%	1.4M	$151M
Samlyn Capital, LLC Hedge fund	+318K New position	318K	$35.4M
Neuberger Berman Group LLC Active manager	+281K +220.3%	409K	$45.5M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
T. Rowe Price Investment Management, Inc. Active manager	+2.8M New position	2.8M	$314M
FMR LLC Active manager	+989K +72.2%	2.4M	$262M
Third Point LLC Hedge fund	+375K New position	375K	$41.7M
Junto Capital Management LP Hedge fund	+360K New position	360K	$40.1M
American Century Companies Inc Active manager	+360K +65.9%	906K	$101M
Boston Partners Active manager	+330K +32.1%	1.4M	$151M
Samlyn Capital, LLC Hedge fund	+318K New position	318K	$35.4M
Neuberger Berman Group LLC Active manager	+281K +220.3%	409K	$45.5M
Owl Creek Asset Management, L.P. Hedge fund	+220K New position	220K	$24.5M
Vulcan Value Partners, LLC Active manager	+211K +12.5%	1.9M	$212M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Citadel Advisors LLC Hedge fund	−2.0M −95.6%	91K	$10.1M
Nuveen, LLC	−1.9M −77.4%	548K	$61M
Massachusetts Financial Services Co Active manager	−1.7M −43.7%	2.2M	$241M
Wellington Management Group LLP Active manager	−1.6M −14.7%	9.5M	$1.1B
Capital World Investors Active manager	−1.1M −9.7%	10.6M	$1.2B
Point72 Asset Management, L.P. Hedge fund	−1.0M −78.5%	278K	$30.9M
Canada Pension Plan Investment Board	−965K −12.7%	6.6M	$740M
Millennium Management LLC Hedge fund	−806K −68.9%	363K	$40.4M
Westfield Capital Management Co LP Active manager	−621K −39.5%	952K	$106M
Franklin Resources Inc Active manager	−375K −7.3%	4.7M	$528M
Apollo Management Holdings, L.P.	−330K Sold out	0	—
Healthcare Of Ontario Pension Plan Trust Fund	−330K −96.2%	13K	$1.5M
Brown Advisory Inc Active manager	−326K −16.7%	1.6M	$181M
Invesco Ltd.	−255K −11.4%	2.0M	$221M
Capital International Investors Active manager	−195K −6.4%	2.9M	$318M
Adage Capital Partners Gp, L.L.C. Hedge fund	−193K −51.6%	181K	$20.2M
Ameriprise Financial Inc	−184K −57.6%	135K	$15M
Picton Mahoney Asset Management	−173K Sold out	0	—
1832 Asset Management L.P.	−166K −64.5%	91K	$10.2M
Barclays PLC	−158K −23.4%	519K	$57.7M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Citadel Advisors LLC Hedge fund	−2.0M −95.6%	91K	$10.1M
Massachusetts Financial Services Co Active manager	−1.7M −43.7%	2.2M	$241M
Wellington Management Group LLP Active manager	−1.6M −14.7%	9.5M	$1.1B
Capital World Investors Active manager	−1.1M −9.7%	10.6M	$1.2B
Point72 Asset Management, L.P. Hedge fund	−1.0M −78.5%	278K	$30.9M
Millennium Management LLC Hedge fund	−806K −68.9%	363K	$40.4M
Westfield Capital Management Co LP Active manager	−621K −39.5%	952K	$106M
Franklin Resources Inc Active manager	−375K −7.3%	4.7M	$528M
Brown Advisory Inc Active manager	−326K −16.7%	1.6M	$181M
Capital International Investors Active manager	−195K −6.4%	2.9M	$318M

New positions

largest by value

Institution	Shares	Value June 30, 2026
T. Rowe Price Investment Management, Inc.Active manager	2.8M	$314M
Bcv Asset Management Inc.	509K	$54.9M
Third Point LLCHedge fund	375K	$41.7M
Junto Capital Management LPHedge fund	360K	$40.1M
Samlyn Capital, LLCHedge fund	318K	$35.4M
Owl Creek Asset Management, L.P.Hedge fund	220K	$24.5M
Marsico Capital Management LLCActive manager	208K	$23.1M
Bruni J V & Co	188K	$21M
Holocene Advisors, LPHedge fund	169K	$18.8M
Generate Investment Management Ltd	125K	$13.9M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Apollo Management Holdings, L.P.	330K	$36M
Picton Mahoney Asset Management	173K	$18.9M
Lord, Abbett & Co. LLC	153K	$16.7M
Alpine Global Management, LLC	135K	$14.7M
Incline Global Management LLC	132K	$14.4M
Tudor Investment Corp Et AlHedge fund	97K	$10.6M
Oco Capital Partners, L.P.	88K	$9.5M
Renaissance Technologies LLCHedge fund	86K	$9.3M
Tredje Ap-Fonden	84K	$9.2M
Capital Fund Management S.A.Hedge fund	83K	$9M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 800
Ten largest holders: 49.8%
Index fund managers: 30.4%
Active managers and hedge funds: 23.1%

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	33	45	10	18	−3.5M	−6.5%
Index fund managers	11	1	0	0	+2.6M	+4.0%
Other institutions	424	291	103	90	+11.6M	+13.4%

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 Management.

Only managers that filed a holdings report for both quarters are compared (895 here). 25 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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