ARES
Ares Management Corporation · Financial Services · Asset Management
Momentum inputs (comparable managers):
holder breadth -7.7% ·
share flow -2.0% ·
net new positions -8.3%
— formula
Broad distribution — falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 2024
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 154 | -6 | 160.09M | $17.80B | +6 | −11 |
| Q1 2026 | 162 | +8 | 155.64M | $16.98B | +13 | −6 |
| Q4 2025 | 153 | 0 | 169.38M | $27.38B | +3 | −2 |
| Q3 2025 | 17 | +1 | 102.10M | $16.32B | +3 | −3 |
| Q2 2025 | 14 | -1 | 82.75M | $14.33B | +1 | −2 |
| Q1 2025 | 12 | 0 | 38.93M | $5.71B | +2 | −2 |
| Q4 2024 | 12 | -1 | 40.21M | $7.12B | +1 | −2 |
| Q3 2024 | 12 | +2 | 37.08M | $5.78B | +3 | −1 |
| Q2 2024 | 10 | — | 39.66M | $5.29B | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Wellington Management ✦ | 15.38M | -10.3% | $2.72B | 0.5% | ▼ Trim | 3 | SEC ↗ |
| 2 | Wellington Management ✦ | 15.38M | -10.3% | $2.72B | 0.5% | ▼ Trim | 3 | SEC ↗ |
| 3 | Wellington Management ✦ | 15.38M | -10.3% | $2.72B | 0.5% | ▼ Trim | 3 | SEC ↗ |
| 4 | Wellington Management ✦ | 15.38M | -10.3% | $2.72B | 0.5% | ▼ Trim | 3 | SEC ↗ |
| 5 | Wellington Management ✦ | 15.38M | -10.3% | $2.72B | 0.5% | ▼ Trim | 3 | SEC ↗ |
| 6 | Wellington Management ✦ | 15.38M | -10.3% | $2.72B | 0.5% | ▼ Trim | 3 | SEC ↗ |
| 7 | Wellington Management ✦ | 15.38M | -10.3% | $2.72B | 0.5% | ▼ Trim | 3 | SEC ↗ |
| 8 | Wellington Management ✦ | 15.38M | -10.3% | $2.72B | 0.5% | ▼ Trim | 3 | SEC ↗ |
| 9 | Wellington Management ✦ | 15.38M | -10.3% | $2.72B | 0.5% | ▼ Trim | 3 | SEC ↗ |
| 10 | Capital World Investors ✦ | 10.75M | +2.1% | $1.90B | 0.3% | ▲ Add | 3 | SEC ↗ |
| 11 | State Street Global Advisors ✦ (passive) | 3.96M | — | $700.47M | 0.0% | n/c | 1 | SEC ↗ |
| 12 | Geode Capital Management ✦ (passive) | 3.01M | +1.9% | $531.20M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 13 | Geode Capital Management ✦ (passive) | 3.01M | +1.9% | $531.20M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 14 | Norges Bank ✦ (passive) | 2.15M | -8.2% | $381.37M | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 15 | Lone Pine Capital ✦ | 1.68M | -18.3% | $296.89M | 2.2% | ▼ Trim | 3 | SEC ↗ |
| 16 | T. Rowe Price ✦ | 1.59M | -7.6% | $281.15M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 17 | T. Rowe Price ✦ | 1.59M | -7.6% | $281.15M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 18 | Millennium Management ✦ | 766.27K | +394.8% | $135.65M | 0.1% | ▲ Add | 3 | SEC ↗ |
| 19 | Citadel Advisors ✦ | 639.42K | +455.5% | $113.20M | 0.1% | ▲ Add | 3 | SEC ↗ |
| 20 | Adage Capital Partners ✦ | 232.00K | +415.6% | $41.07M | 0.1% | ▲ Add | 2 | SEC ↗ |
| 21 | Renaissance Technologies ✦ | 47.60K | New | $8.43M | 0.0% | New | 1 | SEC ↗ |
| 22 | AQR Capital Management ✦ | 4.78K | +86.9% | $846,370 | 0.0% | ▲ Add | 2 | SEC ↗ |
| 23 | AQR Capital Management ✦ | 4.78K | +86.9% | $846,370 | 0.0% | ▲ Add | 2 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Renaissance Technologies | $8.43M | 0.0% |
Exited
| Point72 Asset Management | $1.80M | was 0.0% |
| Two Sigma Investments | $488,714 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 790 holders, 202.54M shares, $21.70B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.