ARES ranks #636 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
ARES is a top-conviction position for Sumitomo Mitsui Financial Group, Inc. — at 28.2% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in ARES belongs to BlackRock, Inc., but the position matters far more to Sumitomo Mitsui Financial Group, Inc., who has 28.2% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Charles Schwab Investment Management Inc has added to its ARES position for two straight quarters, increasing it by $538.6M to reach $751.2M today.
Price T Rowe Associates Inc /md/ has trimmed its ARES position for two straight quarters, cutting it by $750.7M while still holding $217.1M.
ARES is down 0.7% today, but institutions show net buying of $5.3B this quarter — a divergence between today's price move and the underlying institutional flow.