ARES MANAGEMENT LLC Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$2.2T

Holdings

35

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (35 positions)

#StockSharesValue% PortfolioType
1
SVVSavers Value Village Inc
117,449,188$1.6T70.65%
2
GBTGGlobal Business Travel Group
13,886,023$112.2B5.09%
3
CTEVMultiplan Corp
1,863,105$98.9B4.49%
4
CCOClear Channel Outdoor Hldgs
41,197,491$65.1B2.96%
5
ARCCAres Capital Corp
2,054,376$41.9B1.90%
6
GBDCGolub Capital BDC Inc
2,571,210$35.2B1.60%
7
TRYBarings BDC Inc
3,797,112$33.3B1.51%
8
TSLXSixth Street Specialty Lending Inc
1,394,779$31.9B1.45%
9
OBDCBlue Owl Capital Corp.
2,487,964$31.8B1.44%
10
FFC0Oaktree Specialty Lending Corp
1,945,305$25.4B1.15%
11
XHBSPDR Series Trust
200,000$22.2B1.01%Put
12
BXSLBlackstone Secured Lending Fund
821,100$21.4B0.97%
13
FSKFS KKR Cap Corp
1,280,482$19.1B0.87%
14
TEMTempus AI Inc.
164,383$13.3B0.60%
15
ARKOARKO Corp
2,110,000$9.6B0.44%
16
OPTUAltice USA Inc
3,547,478$8.5B0.39%
17
TRINTrinity Cap Inc
545,723$8.4B0.38%
18
GSBDGoldman Sachs BDC Inc
798,421$8.1B0.37%
19
OTFBlue Owl Technology Fin Corp
539,064$7.4B0.34%
20
CCAPCrescent Capital BDC Inc
516,409$7.4B0.33%
21
OPALOPAL Fuels Inc
3,059,533$6.7B0.31%
22
MFICMidcap Financial Invstmnt Co
545,532$6.5B0.30%
23
BRCBBlack Rock Coffee Bar Inc
250,676$6.0B0.27%
24
NMFCNew Mtn Fin Corp
596,371$5.7B0.26%
25
MSIFMSC Income Fund Inc
408,393$5.4B0.24%
26
RWAYRunway Growth Finance Corp
435,885$4.4B0.20%
27
HTGCHercules Capital Inc
201,606$3.8B0.17%
28
SLRCSLR Investment Corp
138,502$2.1B0.10%
29
NCDLNuveen Churchill Direct Lending
125,156$1.7B0.08%
30
YJYunji Inc
215,800,000$1.1B0.05%
31
BCSFBain Capital Specialty Finance Inc
68,595$977.5M0.04%
32
RENTRent the Runway, Inc.
169,383$835.1M0.04%
33
UNITUniti Group LLC
14,518$28.6M0.00%
34
ARKOARKO Corp
1,100,000$10.2M0.00%
35
XHGXchange Tec. Inc
419,729$217K0.00%