13F HOLDINGS REPORT
ARES MANAGEMENT LLC
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001104659-25-112525
Total Value
$2.20B
Positions
35
Other Managers
4
Confidential Omitted
No
Holdings (35)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Savers Value Village Inc | 80517M109 | 117,449,188 | $1.56B | 70.65% |
| 2 | Global Business Travel Group | GBTG | 13,886,023 | $112.2M | 5.09% |
| 3 | Multiplan Corp | CTEV | 1,863,105 | $98.9M | 4.49% |
| 4 | Clear Channel Outdoor Hldgs | CCO | 41,197,491 | $65.1M | 2.96% |
| 5 | Ares Capital Corp | ARCC | 2,054,376 | $41.9M | 1.90% |
| 6 | Golub Capital BDC Inc | 38173M102 | 2,571,210 | $35.2M | 1.60% |
| 7 | Barings BDC Inc | BBDC | 3,797,112 | $33.3M | 1.51% |
| 8 | Sixth Street Specialty Lending Inc | TSLX | 1,394,779 | $31.9M | 1.45% |
| 9 | Blue Owl Capital Corp. | OWL | 2,487,964 | $31.8M | 1.44% |
| 10 | Oaktree Specialty Lending Corp | OCSL | 1,945,305 | $25.4M | 1.15% |
| 11 | SPDR Series Trust | 78464A888 | 200,000 | $22.2M | 1.01% |
| 12 | Blackstone Secured Lending Fund | BX | 821,100 | $21.4M | 0.97% |
| 13 | FS KKR Cap Corp | FSK | 1,280,482 | $19.1M | 0.87% |
| 14 | Tempus AI Inc. | TEM | 164,383 | $13.3M | 0.60% |
| 15 | ARKO Corp | ARKO | 2,110,000 | $9.6M | 0.44% |
| 16 | Altice USA Inc | OPTU | 3,547,478 | $8.5M | 0.39% |
| 17 | Trinity Cap Inc | TRINZ | 545,723 | $8.4M | 0.38% |
| 18 | Goldman Sachs BDC Inc | GSBD | 798,421 | $8.1M | 0.37% |
| 19 | Blue Owl Technology Fin Corp | OTF | 539,064 | $7.4M | 0.34% |
| 20 | Crescent Capital BDC Inc | 225655109 | 516,409 | $7.4M | 0.33% |
| 21 | OPAL Fuels Inc | OPAL | 3,059,533 | $6.7M | 0.31% |
| 22 | Midcap Financial Invstmnt Co | 03761U502 | 545,532 | $6.5M | 0.30% |
| 23 | Black Rock Coffee Bar Inc | BRCB | 250,676 | $6.0M | 0.27% |
| 24 | New Mtn Fin Corp | 647551100 | 596,371 | $5.7M | 0.26% |
| 25 | MSC Income Fund Inc | MSIF | 408,393 | $5.4M | 0.24% |
| 26 | Runway Growth Finance Corp | RWAYL | 435,885 | $4.4M | 0.20% |
| 27 | Hercules Capital Inc | HCXY | 201,606 | $3.8M | 0.17% |
| 28 | SLR Investment Corp | SLRC | 138,502 | $2.1M | 0.10% |
| 29 | Nuveen Churchill Direct Lending | 67090S108 | 125,156 | $1.7M | 0.08% |
| 30 | Yunji Inc | YJ | 215,800,000 | $1.1M | 0.05% |
| 31 | Bain Capital Specialty Finance Inc | 05684B107 | 68,595 | $977,479 | 0.04% |
| 32 | Rent the Runway, Inc. | RENT | 169,383 | $835,058 | 0.04% |
| 33 | Uniti Group LLC | UNIT | 14,518 | $28,600 | 0.00% |
| 34 | ARKO Corp | ARKO | 1,100,000 | $10,230 | 0.00% |
| 35 | Xchange Tec. Inc | XHG | 419,729 | $217 | 0.00% |