Which funds own ARES
Ares Management Corporation in the Q2 2026 filings. At least 4 of the 91 current managers on file reported a position, worth $2.3bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went the other way: 6 managers trimmed or sold out against 1 buying.
- Managers holding
- 4
- at least, of 91 current
- Combined value
- $2.3bn
- as reported
- Opened
- 1
- new this quarter
- Added to
- 0
- already held
- Trimmed or sold out
- 6
- 3 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Capital World Investors Long-only · $846bn book | $1.2bn | 0.1% | 10,644,025 | -$101m-1,140,095 | Trimmed |
| Wellington Management Group LLP Long-only · $580bn book | $1.1bn | 0.2% | 9,526,077 | -$158m-1,636,725 | Trimmed |
| Third Point LLC Activist · $4.7bn book | $42m | 0.9% | 375,000 | opened375,000 | New |
| Soros Fund Management LLC Macro · $8.1bn book | $6.0m | 0.1% | 54,026 | -$15m-142,028 | Trimmed |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Man Group PLC · Quantitative$7.6m held before
- Bridgewater Associates LP · Macro$1.9m held before
- Caxton Associates LLP · Macro$1.8m held before
Ownership through time
At least 9 of the 95 managers whose filings are on file listed ARES in Q2 2026, against 2 in Q4 2018. 4 managers fewer than in Q1 2026: 2 started positions; 1 listed it again; 7 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q4 2018: 2
- Q1 2019: 3
- Q2 2019: 3
- Q3 2019: 4
- Q4 2019: 4
- Q1 2020: 5
- Q2 2020: 7
- Q3 2020: 4
- Q4 2020: 5
- Q1 2021: 6
- Q2 2021: 9
- Q3 2021: 7
- Q4 2021: 11
- Q1 2022: 8
- Q2 2022: 9
- Q3 2022: 12
- Q4 2022: 11
- Q1 2023: 11
- Q2 2023: 10
- Q3 2023: 11
- Q4 2023: 10
- Q1 2024: 15
- Q2 2024: 14
- Q3 2024: 13
- Q4 2024: 15
- Q1 2025: 15
- Q2 2025: 11
- Q3 2025: 19
- Q4 2025: 12
- Q1 2026: 13
- Q2 2026: 9
- Q4 2018: $158m
- Q1 2019: $203m
- Q2 2019: $301m
- Q3 2019: $361m
- Q4 2019: $462m
- Q1 2020: $690m
- Q2 2020: $1.1bn
- Q3 2020: $961m
- Q4 2020: $1.2bn
- Q1 2021: $1.4bn
- Q2 2021: $1.8bn
- Q3 2021: $2.2bn
- Q4 2021: $2.4bn
- Q1 2022: $2.3bn
- Q2 2022: $1.8bn
- Q3 2022: $2.2bn
- Q4 2022: $2.3bn
- Q1 2023: $2.7bn
- Q2 2023: $3.5bn
- Q3 2023: $4.1bn
- Q4 2023: $4.8bn
- Q1 2024: $6.0bn
- Q2 2024: $6.7bn
- Q3 2024: $7.5bn
- Q4 2024: $8.4bn
- Q1 2025: $6.9bn
- Q2 2025: $7.9bn
- Q3 2025: $7.5bn
- Q4 2025: $6.3bn
- Q1 2026: $3.9bn
- Q2 2026: $2.9bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- Third Point LLCnew: 375,000 shares+$42m
- Holocene Advisors LPnew: 169,164 shares+$19m
Largest decreases, by shares
- MFS Investment Management3,846,219 to 2,166,904 shares-$187m
- Wellington Management Group LLP11,162,802 to 9,526,077 shares-$182m
- Capital World Investors11,784,120 to 10,644,025 shares-$127m
- Janus Henderson Group Ltd1,653,078 to 1,473,100 shares-$20m
- Soros Fund Management LLC196,054 to 54,026 shares-$16m
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Capital World Investors | Q4 2018 | $2.0bn | $1.2bn | |
| Wellington Management Group LLP | Q1 2020 | $2.7bn | $1.1bn | |
| MFS Investment Management | Q1 2024 | $922m | $241m | |
| T. Rowe Price Associates Inc | Q1 2023 | $1.2bn | $217m | |
| Janus Henderson Group Ltd | Q4 2023 | $186m | $164m | |
| Third Point LLC | Q2 2026 | $42m | $42m | |
| Holocene Advisors LP | Q2 2020 | $39m | $19m | |
| Schonfeld Strategic Advisors LLC | Q3 2022 | $45m | $15m | |
| Soros Fund Management LLC | Q1 2022 | $21m | $6.0m | |
| Fidelity (FMR LLC) | Q2 2023 | $1.4bn | last listed Q4 2025 | |
| Invesco Ltd | Q1 2020 | $473m | last listed Q1 2025 | |
| Lone Pine Capital LLC | Q2 2024 | $320m | last listed Q1 2025 | |
| Millennium Management LLC | Q1 2021 | $270m | last listed Q1 2026 | |
| Citadel Advisors LLC | Q1 2026 | $227m | last listed Q1 2026 | |
| AllianceBernstein LP | Q2 2019 | $173m | last listed Q4 2023 | |
| Marshall Wace LLP | Q1 2025 | $146m | last listed Q3 2025 | |
| Point72 Asset Management LP | Q4 2018 | $141m | last listed Q1 2026 | |
| Artisan Partners LP | Q3 2024 | $135m | last listed Q4 2025 | |
| Balyasny Asset Management LLC | Q2 2021 | $100m | last listed Q4 2025 |
What ARES is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around ARES →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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