ARES MANAGEMENT LLC
Q2 2022 Form 13-F

LOS ANGELES, CALIFORNIA
CIK 0001259313 · CRD 130074 · SEC-registered investment adviser
Consolidated report · includes 4 managers since Q3 2016
$1.9B Reported Value Total

ARES MANAGEMENT LLC reports 341 total accounts under management (AUM). There are 322 discretionary accounts valued at $193,679,342,490, and 19 non-discretionary accounts valued at $9,745,236,807.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary & Non-Discretionary
Firm Brochure (Part 2A)
Private funds (Form ADV)
837 funds · $427.5B gross asset value
Hedge Fund: $290.7B · Real Estate Fund: $47.4B · Private Equity Fund: $35.9B · Securitized Asset Fund: $35.6B · Other: $17.6B · Venture Capital Fund: $292.9M
Source: Form ADV filed 2026-08-26
Reported value
$1.9B
Quarter over quarter
-22.6%
Holdings
38
Top-10 concentration
86.9%

Filing Structure

Reports holdings for

  • Ares Enhanced Loan Investment Strategy Advisor IV L P · File #028-13594 · Q1 2021 – Q2 2024
  • ACOF Operating Manager IV LLC · File #028-17046 · Q3 2014 – Q2 2023 · declared by one filing
  • LANDMARK REALTY ADVISORS LLC · Q2 2023 – Q2 2023 · declared by one filing
  • ACOF Investment Management LLC (not a 13F filer in our records) · Q3 2022 – Q4 2022 · declared by one filing
  • ACOF Operating Manager IV, LLC (not a 13F filer in our records) · Q3 2022 – Q4 2022 · declared by one filing
  • Ares Capital Management III LLC (not a 13F filer in our records) · Q3 2022 – Q4 2022 · declared by one filing
  • Ares Enhanced Loan Investment Strategy Advisor IV, L.P. (not a 13F filer in our records) · Q3 2022 – Q4 2022 · declared by one filing
  • ASOF Investment Management LLC (not a 13F filer in our records) · Q3 2022 – Q4 2022 · declared by one filing
  • ASSF Operating Manager IV, L.P. (not a 13F filer in our records) · Q3 2022 – Q4 2022 · declared by one filing
  • Ares EIF Management, LLC (not a 13F filer in our records) · File #028-22166 · Q4 2021 – Q4 2021
  • ACOF Operating Manager III LLC (not a 13F filer in our records) · File #028-14343 · Q2 2013 – Q1 2021
  • Ares Cactus Operating Manager, L.P. (not a 13F filer in our records) · File #028-17507 · Q2 2016 – Q4 2018
  • ASSF Operating Manager, LLC (not a 13F filer in our records) · File #028-15013 · Q2 2013 – Q3 2017 · declared by one filing
  • ACOF OPERATING MANAGER LP (not a 13F filer in our records) · File #028-13372 · Q2 2013 – Q2 2017 · declared by one filing
  • ACOF Operating Manager II, L.P. (not a 13F filer in our records) · File #028-13373 · Q2 2013 – Q2 2017 · declared by one filing
  • Ares Capital Management LLC (not a 13F filer in our records) · File #028-17045 · Q3 2014 – Q2 2017 · declared by one filing
  • Ares Management Ltd (not a 13F filer in our records) · File #028-17778 · Q4 2016 – Q2 2017 · declared by one filing
  • ARES CAPITAL MANAGEMENT II LLC (not a 13F filer in our records) · File #028-16984 · Q3 2014 – Q2 2017 · declared by one filing

Key People

Form ADV owners & control persons
Antony Peter Ressler
LIMITED PARTNER
Michael J (mi Only) Arougheti
CO-FOUNDER AND CHIEF EXECUTIVE OFFICER
Ryan James-Barclay Berry
CHIEF MARKETING AND STRATEGY OFFICER
Q1 2022
Q3 2022
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Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

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Q2 2022 13F filing summary

Period of report June 30, 2022
Filed August 12, 2022
Form 13F-HR
Reported value $1.9B
Positions 38
Change in reported value -26.4%
New positions 4
Exited positions 6
Position turnover 22.7%
Top-10 concentration 86.9%

13F filings by quarter

Quarter Positions Value
Q2 2026 13F
Filed Aug 14, 2026
 42 $2.3B
Q1 2026 13F
Filed May 15, 2026
 37 $1.5B
Q4 2025 13F
Filed Feb 13, 2026
 35 $1.8B
Q3 2025 13F
Filed Nov 14, 2025
 34 $2.2B
Q2 2025 13F
Filed Aug 14, 2025
 34 $2.0B
Q1 2025 13F
Filed May 15, 2025
 33 $1.6B
Q4 2024 13F
Filed Feb 14, 2025
 34 $2.8B
Q3 2024 13F
Filed Nov 14, 2024
 37 $3.6B
Q2 2024 13F
Filed Aug 14, 2024
 34 $3.4B
Q1 2024 13F
Filed May 15, 2024
 34 $4.4B
Q4 2023 13F
Filed Feb 14, 2024
 38 $4.1B
Q3 2023 13F
Filed Nov 14, 2023
 38 $3.9B
Q2 2023 13F
Filed Aug 14, 2023
 41 $4.8B
Q1 2023 13F
Filed May 15, 2023
 38 $1.8B
Q4 2022 13F
Filed Feb 14, 2023
 40 $2.0B
Q3 2022 13F
Filed Nov 14, 2022
 41 $2.2B
Q2 2022 13F
Filed Aug 12, 2022
 38 $1.9B
Q1 2022 13F
Filed May 13, 2022
 40 $2.6B
Q4 2021 13F
Filed Feb 14, 2022
 45 $3.5B
Q3 2021 13F
Filed Nov 12, 2021
 43 $3.0B

33 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q2 2022

# Holding Reported value % of portfolio
1 FYBR Frontier Communications Parent Inc $828.7M 42.54%
2 AZEK AZEK Co Inc/The $319.7M 16.41%
3 CRC California Resources Corporation $157.2M 8.07%
4 IEA Infrastructure and Energy Alternatives Inc $122.4M 6.28%
5 GBTG Global Business Travel Group $54.7M 2.81%
6 SRLN SPDR Blackstone Senior Loan ETF $50.0M 2.56%
7 BBDC Barings BDC Inc $45.1M 2.31%
8 ARCC Ares Cap Corp $42.9M 2.2%
9 CCO Clear Channel Outdoor Hldgs $40.7M 2.09%
10 SBOW SilverBow Resources, Inc. $30.8M 1.58%
11 PNNT PennantPark Investment Corp $29.9M 1.54%
12 GBDC Golub Capital BDC Inc $29.5M 1.51%
13 OCSL Oaktree Specialty Lending Corp $24.2M 1.24%
14 SLRC SLR Investment Corp $24.1M 1.24%
15 OBDC Owl Rock Capital Corp $18.2M 0.93%
16 BKCC BlackRock Capital Investment $17.5M 0.9%
17 ARKO ARKO Corp $17.2M 0.88%
18 OPTU Altice USA Inc $11.3M 0.58%
19 RENT Rent the Runway, Inc. $10.4M 0.53%
20 SUNL Sunlight Financial Holdings Inc $8.7M 0.44%

Values as reported on the Q2 2022 Form 13F. Every position is in the holdings table below.

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