Ares Management Corporation
US ˙ NYSE ˙ US03990B1017

SecurityARES / Ares Management Corporation
InstitutionRoyce Value Trust Inc
Latest Disclosed Ownership31,800 shares
Latest Disclosed Value $ 5,507,760
Royce Value Trust Inc reports 8.62% decrease in ownership of ARES / Ares Management Corporation

On August 15, 2025 - Royce Value Trust Inc filed a NPORT-P form disclosing ownership of 31,800 shares of Ares Management Corporation (US:ARES) valued at $5,507,760 USD as of June 30, 2025. The entity filed a previous NPORT-P on May 19, 2025 disclosing 34,800 shares of Ares Management Corporation. This represents a change in shares of -8.62% during the quarter. The current value of the position is $3,995,670 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-08-15 2025-06-30 NP Ares Management EC US03990B1017 31,800 -3,000 -8.62 5,508 7.94 0.2750
2025-05-19 2025-03-31 NP Ares Management EC US03990B1017 34,800 0 0.00 5,102 -17.18 0.2772
2025-02-21 2024-12-31 NP Ares Management EC US03990B1017 34,800 0 0.00 6,161 13.59 0.3083
2024-11-19 2024-09-30 NP Ares Management EC US03990B1017 34,800 0 0.00 5,423 16.93 0.2684
2024-08-12 2024-06-30 NP Ares Management EC US03990B1017 34,800 0 0.00 4,638 0.24 0.2431
2024-05-28 2024-03-31 NP Ares Management EC US03990B1017 34,800 -8,700 -20.00 4,628 -10.55 0.2365
2024-02-20 2023-12-31 NP Ares Management EC US03990B1017 43,500 0 0.00 5,173 15.62 0.2775
2023-11-22 2023-09-30 NP Ares Management EC US03990B1017 43,500 0 0.00 4,475 6.75 0.2690
2023-08-09 2023-06-30 NP Ares Management EC US03990B1017 43,500 -100,600 -69.81 4,191 -65.14 0.2390
2023-05-19 2023-03-31 NP Ares Management EC US03990B1017 144,100 -7,600 -5.01 12,024 15.81 0.7124
2023-02-21 2022-12-31 NP Ares Management EC US03990B1017 151,700 -16,800 -9.97 10,382 -0.54 0.6467
2022-11-17 2022-09-30 NP Ares Management EC US03990B1017 168,500 0 0.00 10,439 8.96 0.7072
2022-08-16 2022-06-30 NP Ares Management EC US03990B1017 168,500 -18,700 -9.99 9,581 -37.00 0.6057
2022-05-16 2022-03-31 NP Ares Management EC US03990B1017 187,200 0 0.00 15,206 -0.05 0.7930
2022-02-24 2021-12-31 NP Ares Management EC US03990B1017 187,200 0 0.00 15,214 10.08 0.7076
2021-11-22 2021-09-30 NP Ares Management EC US03990B1017 187,200 0 0.00 13,821 16.10 0.6641
2021-08-24 2021-06-30 NP Ares Management EC US03990B1017 187,200 0 0.00 11,904 13.50 0.5494
2021-05-17 2021-03-31 NP Ares Management EC US03990B1017 187,200 22,000 13.32 10,489 34.95 0.5021
2021-02-19 2020-12-31 NP Ares Management EC US03990B1017 165,200 -121,994 -42.48 7,773 -33.05 0.4116
2020-11-24 2020-09-30 NP Ares Management EC US03990B1017 287,194 -145,000 -33.55 11,608 -32.35 0.7684
2020-08-19 2020-06-30 NP Ares Management EC US03990B1017 432,194 71,500 19.82 17,158 53.80 1.1914
2020-05-27 2020-03-31 NP Ares Management EC US03990B1017 360,694 -44,400 -10.96 11,156 -22.83 0.9967
2020-02-19 2019-12-31 NP Ares Management EC 03990B101 405,094 -179,306 -30.68 14,458 -7.72 0.8879
2019-11-25 2019-09-30 NP Ares Management EC US03990B1017 584,400 584,400 15,668 1.0459
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.