Key Takeaways
- • Dan Loeb's Third Point acquired a 375,000-share stake in Ares Management Corporation (NYSE: ARES) in the second quarter, valued at about $41.7 million as of June 30, according to TradingView.
- • Ares Management shares traded higher by 5.12% at $134.71 on Monday, according to Benzinga Pro data cited in the report.
- • Over the past year, Ares fell 13.22% versus a peer-group average gain of 36.26%, trailing all five peers in the comparison set (NTRS, TROW, PS, BEN, AMP).
- • Ares carries meaningful weight in several thematic ETFs, including PRVT (5.04%), GPZ (4.30%) and UDIV (3.34%), so fund flows could force automatic buying or selling of the stock.
Summary
Billionaire investor Dan Loeb's Third Point disclosed a 375,000-share position in Ares Management Corporation (ARES) acquired during the second quarter. As of June 30, the stake was valued at approximately $41.7 million, according to TradingView's report. The headline frames the position as a bet on Ares' expansion into AI data center and power financing, though the source article itself provides limited detail on those initiatives.
On the day of publication, Ares shares rose 5.12% to $134.71, according to Benzinga Pro data. The move coincided with strength in the Financials sector, which the article notes ranks third of 11 S&P sectors on Monday. Ares outperformed the Financial Select Sector SPDR Fund (XLF) by 2.99 percentage points, with a one-month trend of +6.89% but a 90-day trend of -0.49%.
Longer-term performance is weaker. Over the past year, Ares fell 13.22% while the average of its curated peer group (Northern Trust, T. Rowe Price, Pershing Square, Franklin Templeton and Ameriprise) gained 36.26%. Ares trailed all five peers; Pershing Square led at +90.29%, while T. Rowe Price was weakest among peers at +4.53%.
The article also highlights Ares' weighting in alternative-asset and dividend-oriented ETFs: the Tema Listed Private Managers ETF (PRVT, 5.04%), VanEck Alternative Asset Manager ETF (GPZ, 4.30%) and Franklin US Core Dividend Tilt Index ETF (UDIV, 3.34%). Significant inflows or outflows in these funds could translate into mechanical trading in ARES shares.
On the day of publication, Ares shares rose 5.12% to $134.71, according to Benzinga Pro data. The move coincided with strength in the Financials sector, which the article notes ranks third of 11 S&P sectors on Monday. Ares outperformed the Financial Select Sector SPDR Fund (XLF) by 2.99 percentage points, with a one-month trend of +6.89% but a 90-day trend of -0.49%.
Longer-term performance is weaker. Over the past year, Ares fell 13.22% while the average of its curated peer group (Northern Trust, T. Rowe Price, Pershing Square, Franklin Templeton and Ameriprise) gained 36.26%. Ares trailed all five peers; Pershing Square led at +90.29%, while T. Rowe Price was weakest among peers at +4.53%.
The article also highlights Ares' weighting in alternative-asset and dividend-oriented ETFs: the Tema Listed Private Managers ETF (PRVT, 5.04%), VanEck Alternative Asset Manager ETF (GPZ, 4.30%) and Franklin US Core Dividend Tilt Index ETF (UDIV, 3.34%). Significant inflows or outflows in these funds could translate into mechanical trading in ARES shares.
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