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Now that that’s out of the way, it’s important to analyze the newest info about Ares Capital Corporation (NASDAQ:ARCC).
What have hedge funds been doing with Ares Capital Corporation (NASDAQ:ARCC)?
Heading into Q3, a total of 17 of the hedge funds we track held long positions in this stock, a change of 6% from the first quarter. With the smart money’s capital changing hands, there exists a select group of key hedge fund managers who were increasing their stakes meaningfully.
According to our 13F database, John Overdeck and David Siegel’s Two Sigma Advisors had the most valuable position in Ares Capital Corporation (NASDAQ:ARCC), worth close to $29.7 million, comprising 0.4% of its total 13F portfolio. Sitting at the No. 2 spot is AQR Capital Management, managed by Cliff Asness, which held a $17.7 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining peers that hold long positions include D. E. Shaw’s D E Shaw, Amy Minella’s Cardinal Capital and Anand Parekh’s Alyeska Investment Group.
As one would understandably expect, specific money managers have jumped into Ares Capital Corporation (NASDAQ:ARCC) headfirst. Two Sigma Advisors, managed by John Overdeck and David Siegel, created the most outsized position in Ares Capital Corporation (NASDAQ:ARCC). Two Sigma Advisors had 29.7 million invested in the company at the end of the quarter. Cliff Asness’s AQR Capital Management also initiated a $17.7 million position during the quarter. The other funds with new positions in the stock are D. E. Shaw’s D E Shaw, Amy Minella’s Cardinal Capital, and Anand Parekh’s Alyeska Investment Group.
How are insiders trading Ares Capital Corporation (NASDAQ:ARCC)?
Insider buying is at its handiest when the company in question has experienced transactions within the past six months. Over the latest half-year time period, Ares Capital Corporation (NASDAQ:ARCC) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also take a look at the relationship between both of these indicators in other stocks similar to Ares Capital Corporation (NASDAQ:ARCC). These stocks are NYSE Euronext (NYSE:NYX), A.F.P Provida SA (ADR) (NYSE:PVD), Apollo Global Management LLC (NYSE:APO), CBOE Holdings, Inc (NASDAQ:CBOE), and NASDAQ OMX Group, Inc. (NASDAQ:NDAQ). This group of stocks are in the diversified investments industry and their market caps resemble ARCC’s market cap.