ARES
Ares Management CorpEvidence as of 2026-10-07The desk's Snapshot
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Overview · Ares Management Corp
Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets. Its D…
Management team
- Mr. Carl G. Drake C.F.A. · Partner, Head of Public Markets Investor Relations & Corporate CommunicationsFind on LinkedIn
- Mr. Mark Charles Infanger CPA · MD and Chief Accounting Officer for Finance, Accounting & OperationsFind on LinkedIn
- Mr. Sandesh Hegde · Partner, Global Chief Information Officer, COO of Ares India & President of AOISSCFind on LinkedIn
- Mr. Robert Kipp DeVeer III · Director, Partner, Head of Ares Credit Group & Director and CEO of Ares Capital CorporationFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.5 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is cautious ( -0.5 of a possible +2; confidence high). Reported revenues for fiscal Q2 2026 (fiscal quarter ended 2026-06-30) were $ 1,293,657,000, following $ 1,298,861,000 in fiscal Q1 2026 (fiscal quarter ended 2026-03-31) and earlier quarter figures as low as $ 1,004,508,000 in fiscal Q1 2025 (fiscal quarter ended 2025-03-31). Quarterly net income in fiscal Q2 2026 was $ 150,635,000, after $ 142,589,000 in fiscal Q1 2026 and a peak of $ 288,882,000 in fiscal Q3 2025 (fiscal quarter ended 2025-09-30).
Balance-sheet snapshots show total assets rising from $ 24,884,308,000 as of FY 2024 (fiscal quarter ended 2024-12-31) to $ 29,631,399,000 as of 2026-06-30, while total liabilities rose from $ 17,485,922,000 to $ 21,003,486,000 over the same span and stockholders' equity peaked near $ 4,474,028,000 as of Q3 2025 then declined to $ 3,968,073,000 as of 2026-06-30. Market and valuation signals include a closing price of 117.74 on 6 October 2026, market cap $ 12,166,358,895, a beta vs SPY of 1.72, dividend yield TTM of 5.11%, elevated short-term volatility (30‑day annualized ~ 27.0%), and significant drawdown history (max_drawdown_3y = - 49.7%).
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Reported revenues (us-gaap 'Revenues') for the most recent fiscal quarter, fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo), were $1,293,657,000.
XBRL companyfacts · 0001628280-26-054538Sequential quarterly revenues were $1,298,861,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo), $1,152,538,000 in fiscal Q3 2025 (2025-07-01 to 2025-09-30, 3mo), $1,040,823,000 in fiscal Q2 2025 (2025-04-01 to 2025-06-30, 3mo), and $1,004,508,000 in fiscal Q1 2025 (2025-01-01 to 2025-03-31, 3mo).
XBRL companyfacts · 0001628280-26-032990Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
In the 10-K filed 25 February 2026, the company added or materially reworded numerous risk factors that explicitly flag potential negative impacts to AUM, revenue and earnings from providing (or failing to provide) financial support to investment products.
10-K filed 2026-02-25The 10-K filed 25 February 2026 added multiple operational and market-risk items, including explicit new or expanded language on security incidents or cyber-attacks; technological developments in artificial intelligence creating competitive, legal and regulatory risks; and increased counterparty, prime-broker and vendor concentration risks.
10-K filed 2026-02-25Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
As of 2026-10-06, ARES has a beta vs SPY of 1.72 and a correlation vs SPY of 0.51.
Moneyta signal set · 2026-10-06Momentum is mixed as of 2026-10-06: momentum_3m = -0.2%, momentum_6m = +16.3% (rank_momentum_6m 67th percentile of 815), and momentum_12_1 = -19.0% (rank_momentum_12_1 15th percentile of 815).
Moneyta signal set · 2026-10-06weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional holders reported $24.36B in aggregate ARES positions as of 2026-06-30, with reported quarter-over-quarter value growth of 5.7% and 820 reporting holders (holder_count_delta_qoq +10).
13F holdings · 820 filers · as of 2026-06-30Top reported institutional holders in that 2026-06-30 filing included BlackRock, Inc. at $1.88B, VANGUARD CAPITAL MANAGEMENT LLC at $1.53B, and SUMITOMO MITSUI FINANCIAL GROUP, INC. at $1.49B.
13F holdings · 820 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
On 6 October 2026, outlets reported that Middle River Power closed on the acquisition of the 427-megawatt Panoche Energy Center from an Ares Infrastructure Equity fund.
News · finance.yahoo.com · 2026-10-06The same Panoche sale was carried as a syndicated announcement on 6 October 2026 by a second outlet publishing the issuer release.
News · prnewswire.com · 2026-10-06Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
A Form 4 filed 20 August 2026 reports Jacobson Blair (Co‑President) with an entry showing 8,000 shares and action code "G"; the filing lists "value" as "$0".
Form 4 · Jacobson Blair (Co-President) · $0 code G · 2026-08-20The parsed activity summary for the 180‑day window shows total bought "$0", total sold "$0", and net shares "0".
Form 4 · Jacobson Blair (Co-President) · $0 code G · 2026-08-20Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The 6 October 2026 closing price in the evidence is 117.74.
Valuation inputs · SEC XBRL + stored EOD closeMarket capitalization reported in the evidence is 12,166,358,895.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
The company-level filings and reported results show multiple concrete strengths: sequential quarterly revenues around $1.25–1.30B with the most recent quarter at $1.294B (SEC-reported), total assets rising from ~$24.9B at end-2024 to ~$29.6B as of 2026-06-30 (SEC snapshots), and positive net income each reported quarter. Trailing operating cash flow of $3.818B produces an operating-cash-flow-per-share implied ratio that makes the current price (evidence-close $117.74) appear cash-flow supportive (price-to-OCF-per-share ≈ 3.2) under the provided fields. Institutional ownership increased in the latest quarter to $24.36B across 820 holders and the stock appears in multiple ETFs, which together provide independent demand channels; recent press releases also show active portfolio transactions (asset sale and data-center commitment). In rebuttal to the bear case: while the 10-K expanded risk language and highlights regulatory, cyber, and concentration risks, those are qualitative disclosures (strong evidence of management disclosure practice) that do not negate the hard cash-flow, asset growth, and institutional-holding data; similarly, elevated volatility and past drawdowns are market-level signals present in the evidence but coexist with high dividend yield and strong operating cash generation.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.35
41 surviving claims rest on 18 distinct sources; the heaviest analyst carries 22% of them, and 99% of what the desk raised survived the debate.
The evidence set is moderately robust: 41 surviving claims are supported by 18 distinct sources, which signals a reasonable breadth of documentary support, but the fact that the single heaviest analyst contributes 22% of claims and 99% of raised points survived debate suggests limited internal challenge and some analyst concentration. Under a fragility lens, treat these reads as informational and usable for surface-level analysis, but downweight any single-claim inference because analyst concentration and high survival rate imply lower independent stress‑testing of assertions.
Peer context · computed, not argued
12-1 momentum ranks 9th of 11 in Asset Management (as of 2026-10-06).
90-day volatility ranks 1st of 11 in Asset Management (as of 2026-10-06).
dividend yield ranks 1st of 11 in Asset Management (as of 2026-10-06).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
18 filings· 3 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.7 to the score
8 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−1.2 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.5 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.3 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 filing
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot+0.0 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on ARES Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.