ARES MANAGEMENT LLC Q4 2025 Filing

Filed February 13, 2026

Portfolio Value

$1.8B

Holdings

35

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (35 positions)

#StockSharesValue% PortfolioType
1
SVVSavers Value Village Inc
117,449,188$1.1B62.67%
2
GBTGGlobal Business Travel Group I
13,886,023$106.2M6.07%
3
CCOClear Channel Outdoor Holdings, Inc.
41,197,491$91.0M5.20%
4
CTEVMultiplan Corp
1,863,105$79.6M4.55%
5
ARCCAres Capital Corp
2,245,810$45.4M2.60%
6
GBDCGolub Capital BDC Inc
2,736,210$37.1M2.12%
7
OBDCBlue Owl Capital Corp
2,847,757$35.4M2.02%
8
TRYBarings BDC Inc
3,590,176$33.0M1.88%
9
TSLXSixth Street Specialty Lending Inc
1,354,779$29.4M1.68%
10
FFC0Oaktree Specialty Lending Corp
1,933,305$24.6M1.41%
11
BXSLBlackstone Secured Lending Fund
801,100$21.1M1.20%
12
FSKFS KKR Capital Corp
1,277,482$18.9M1.08%
13
OTFBlue Owl Technology Finance Corp
1,140,168$16.6M0.95%
14
GSBDGoldman Sachs BDC Inc
1,413,058$13.1M0.75%
15
TEMTempus AI, Inc.
164,383$9.7M0.55%
16
ARKOArko Corp
2,110,000$9.6M0.55%
17
TRINTrinity Capital Inc
545,723$8.0M0.46%
18
MSIFMSC Income Fund Inc
588,251$7.7M0.44%
19
CCAPCrescent Capital BDC Inc
516,409$7.3M0.41%
20
OPALOPAL Fuels Inc
3,059,533$7.2M0.41%
21
MFICMidCap Financial Investment Corp
545,532$6.2M0.36%
22
OPTUAltice USA Inc
3,547,478$5.9M0.33%
23
BRCBBlack Rock Coffee Bar, Inc.
250,676$5.6M0.32%
24
NMFCNew Mountain Finance Corp
602,575$5.5M0.32%
25
FIPFTAI Infrastructure Inc.
1,197,554$5.5M0.32%
26
RWAYRunway Growth Finance Corp
553,123$4.9M0.28%
27
NCDLNuveen Churchill Direct Lending Corp
360,830$4.8M0.27%
28
HTGCHercules Capital Inc
201,606$3.8M0.22%
29
OXLCOxford Lane Capital Corp.
247,500$3.6M0.21%
30
ECCEagle Point Credit Co Inc
311,659$1.8M0.10%
31
MSDLMorgan Stanley Direct Lending Fund
100,000$1.6M0.09%
32
RENTRent the Runway, Inc.
169,383$1.3M0.08%
33
BCSFBain Capital Specialty Finance Inc
68,595$954K0.05%
34
YJYunji Inc
215,800,000$636K0.04%
35
UNITUniti Group Inc
14,518$101K0.01%