Abc Arbitrage 13F: Exits Ares Management (ARES) Stake
Key Points
- Abc Arbitrage closed out its position of 45,693 shares in Ares Management Corporation ARES in an SEC filing on October 23, 2026.
- Ares Management Corporation recently traded around $122.09, sitting below its 50-day moving average and well off its 52-week high.
- Four insider transactions took place earlier this year, featuring a mix of share sales by the general counsel and open-market purchases by directors.
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Abc Arbitrage completely exited its investment in Ares Management Corporation ARES by selling its remaining 45,693 shares, according to a Form 13F filing with the SEC on October 23, 2026. The fund held those shares prior to the report, closing out the position entirely during the period. Ares Management closed at $122.08 on the filing date.
ARES
Ares Management Corporation
What Changed in Abc Arbitrage's Ares Management Corporation Position
Abc Arbitrage parted with all 45,693 shares it previously owned of Ares Management Corporation ARES, resulting in a 100.0% reduction that leaves the fund with a zero balance. The complete exit shows the firm stepping away from the asset manager entirely after holding a modest block in earlier periods.
Other Institutional Activity in Ares Management Corporation
Other large institutional investors adjusted their positions in Ares Management by varying degrees ahead of the filing. Sumitomo Mitsui Financial Group, Inc. kept its massive stake steady at 13,364,740 shares worth about $1.63 billion. Meanwhile, Canada Pension Plan Investment Board trimmed its holdings by 964,755 shares, ending with 6,649,728 shares valued at roughly $811.8 million following a 12.7% reduction. LVW Advisors stepped in with a new position, picking up 8,073 shares worth about $937,841.
Ares Management Corporation Stock Up 4.3%
Shares of Ares Management recently traded around $122.09 as of October 24, 2026, sitting right around the $122.08 close recorded on the October 23 filing date. The stock has faced some downward pressure recently, trading roughly 4.8% below its 50-day moving average of $128.20 and about 3.3% below its 200-day moving average of $126.20. The recent price is down roughly 32.6% from its 52-week high of $181.19, though it remains about 27.4% above its 52-week low of $95.80.
Recent Earnings
Ares Management Corporation reported trailing-twelve-month revenue of $5.25 billion alongside earnings of $2.17 per share. The asset manager posted a net profit margin of 12.1% and a return on equity of 14.9%, with revenue growing 9.6% year over year. Investors are looking ahead to the next earnings report scheduled for October 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 target raises vs 2 cuts.
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EPS & revenue
EPS missed estimates by 9.0%. Revenue beat estimates by 27.0%.
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Profit surprise
EBITDA missed by 7 percent. Operating income beat by 21 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
2 target raises, 2 target cuts.
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Earnings quality
Gross margin up 56.5 points. Operating margin up 17.0 points. Positive free cash flow.
Earnings Call Summary
First quarter revenue of 1.5 billion dollars beat expectations and AUM grew 18 percent to 644 billion dollars. Management fees exceeded 1 billion dollars for the first time in company history as FPAUM grew 19 percent. The firm raised record 30 billion dollars in gross capital in Q1 and deployed over 32 billion dollars despite market headwinds from geopolitical issues and slowing U.S. M&A deal counts. Dividend increased over 20 percent reflecting confidence in earnings power, though EPS of 1.24 dollars missed consensus of 1.32 dollars due to lower-than-expected realized performance income timing into later quarters.
Guidance Ares expects full year fee-related earnings growth of 16 to 20 percent and realized income growth of 20 to 25 percent, with margin expansion toward the upper end of 0 to 150 basis points. Management expects another record fundraising year and strong deployment across credit, real assets and secondaries as market dislocation creates better investment terms.
Underwhelming report. Mixed results that may lead to slightly lower expectations.
Dividend
The firm pays an annual dividend rate of $5.40 per share, delivering a dividend yield of 4.37% based on recent trading levels. The payout ratio stands at 227.7%.
Insider Buying and Selling at Ares Management Corporation
Company insiders executed several trades earlier in the year before the filing. General Counsel Naseem Sagati Aghili sold 1,849 shares valued at $299,239 on January 22, 2026, and later sold 3,921 shares worth $529,032 on February 4, 2026. On the buying side, Director Ashish Bhutani purchased 10,000 shares at $126.61 apiece for a total value of $1,266,100 on February 6, 2026. Director Judy D. Olian also picked up 480 shares at $124.43 each, totaling $59,726 on February 20, 2026.
Analysts Set New Price Targets
Wall Street firms updated their views on the asset manager through the late summer and fall. Piper Sandler initiated coverage on September 24, 2026, with an Overweight rating and a $150.00 price target. Wells Fargo also initiated an Overweight rating with a $136.00 target on October 2, 2026. TD Cowen maintained its Buy rating on October 12, 2026, while lowering its target from $163.00 to $159.00. UBS maintained a Neutral rating on October 13, 2026, reducing its target from $142.00 to $134.00. Piper Sandler later adjusted its target down from $150.00 to $143.00 while maintaining an Overweight rating on October 19, 2026. Across 20 analyst opinions, the stock carries a consensus buy recommendation with a mean price target of $144.80.
About Ares Management Corporation
Ares Management Corporation operates as an alternative asset manager based in Los Angeles, California. The firm provides financing solutions to smaller companies through its direct lending segment, while also running private equity operations focused on growth capital, buyouts, and turnaround situations across industries like healthcare and energy. Institutional adjustments in the stock come as the firm manages billions in alternative assets.
Bottom Line
Abc Arbitrage's complete exit removes its exposure to the asset manager. Market participants will watch the upcoming earnings release on October 29, 2026, for fresh updates on portfolio performance and fee-related earnings.
Related Filing Alerts
Source: Abc Arbitrage's 13F filing on $ARES (Oct 23, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts