Ares Management LLC

Hedge fund manager

Ares Management LLC is an SEC-registered investment adviser based in Los Angeles, CA that reports managing 255 hedge funds on Form ADV. It reports $458.8 billion in regulatory assets under management. Its private funds, of all types, hold $417.6 billion in gross assets. Its disclosed U.S. stock holdings returned an estimated +2.3% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated +8.4% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.

Regulatory assets under management: $458.8 billionForm ADV Item 5.F
Gross assets of private funds: $417.6 billionAll private fund types, Form ADV
Hedge funds managed: 255682 private funds in total
Employees: 3,990Form ADV Item 5.A
Registration: SEC-registered adviserCRD 130074
Latest Form ADV: 08/26/2026Disciplinary disclosures: yes, see SEC record

Estimated 13F portfolio performance

Est. 2026 YTD+2.3%Through Q2 2026 · S&P 500 +9.5%

Est. 2-year return+8.4%Q3 2024 – Q2 2026

S&P 500+37.2%Same quarters, price only

13F holdings$2.2 billion42 positions, 2026-06-30

Quarter	Est. 13F return	S&P 500
Q2 2026	+26.7%	+14.8%
Q1 2026	-19.3%	-4.6%
Q4 2025	-21.5%	+2.4%
Q3 2025	+20.4%	+7.8%
Q2 2025	+29.3%	+10.4%
Q1 2025	-16.6%	-4.5%
Q4 2024	-1.5%	+2.1%
Q3 2024	+5.5%	+5.4%

Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures

Largest disclosed holdings

Savers Value VLG Inc$1.2 billion
98386p102$254.2 million
Clear Channel Outdoor Holdings$99.7 million
Claritev Corporation$63.6 million
04339d105$57.9 million
Kodiak Ai Inc.$53.9 million
Ares Cap Corp Com$51.6 million
Golub Cap BDC Inc Com$43.2 million
Global Business Travel Group$40.7 million
Barings BDC, Inc.$35.5 million

As of 2026-06-30, from 13F filing by Ares Management LLC.

Private equity funds filing Form D (2)

Fund

First sale

Raised

Investors

Minimum

Offering

Ares Australis A LP

Ares Borealis A LP

Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.

Private funds reported on Form ADV (431)

Fund

Gross assets

Minimum

Owners

Adviser

Ares Senior Direct Lending Master Fund II Designated Activity Company

Ares Management LLC

Estimated 13F portfolio performance

Largest disclosed holdings

Private equity funds filing Form D (2)

Private funds reported on Form ADV (431)

Fund vehicles: feeder funds and single-deal vehicles (64)