Bank of America 13F: Cuts Ares Management (ARES) Stake by $33M
Bank of America has trimmed its position in Ares Management, reflecting a 6.8% decrease in shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Bank of America sold 305,595 shares from its stake in Ares Management Corporation ($ARES), a 6.79% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 4,196,847 shares worth $451.58 million at the end of the quarter.
Since the filing, $ARES is up 1.3% after 1 week, up 4.8% after 1 month and down 7.4% to date (from the $121.19 close on May 18, 2026).
ARES
Ares Management Corporation
Key Points
- Bank of America has reduced its stake in Ares Management Corporation by 305,595 shares, bringing its total to 4,196,847 shares valued at approximately $451.6 million as of May 18, 2026.
- The stock closed at $107.60 on the day of the filing, well below its 52-week high of $186.85, suggesting a significant drop from its previous levels.
- Analysts maintain a consensus buy rating for Ares Management, with a mean price target of $147.78, reflecting positive sentiment despite the recent share reduction.
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Bank of America Cuts Its Ares Management Position
Bank of America has trimmed its stake in Ares Management Corporation (NYSE: ARES) by 305,595 shares, reducing its holdings to 4,196,847 shares valued at approximately $451.6 million as of May 18, 2026. This move represents a 6.8% decrease in its position.
What Changed in Bank of America's Position
The reduction in shares comes as Bank of America adjusts its investment strategy. The fund's previous holding was 4,502,442 shares, and this latest filing reflects a continued interest in Ares Management, despite the cut in shares.
Institutional Activity Around Ares Management
No other funds reported changes in their positions in Ares Management during the same quarter, making Bank of America's move stand out. This could indicate a strategic shift unique to Bank of America, as it balances its portfolio amid changing market conditions.
Ares Management Stock Performance
As of the last closing on May 18, 2026, Ares Management's stock was trading at $107.60, well below its 52-week high of $186.85. The stock has faced challenges recently, trading significantly lower than its moving averages, which may influence investor sentiment.
Analysts Set New Price Targets
Several analysts have provided updates on Ares Management recently. On October 13, 2026, UBS maintained a Neutral rating with a price target of $134. TD Cowen also maintained a Buy rating but slightly lowered its target to $159 on October 12, 2026. Wells Fargo initiated coverage with an Overweight rating and a target of $136 on October 2, 2026. The overall consensus among analysts remains positive, with a mean price target of $147.78, reflecting confidence in the company's growth potential.
What Ares Management Corporation Does
Ares Management Corporation operates as an alternative asset manager, focusing on various investment strategies, including direct lending and real estate. The firm seeks to invest in under-capitalized companies across multiple sectors, including healthcare and energy. This recent stake adjustment by Bank of America highlights the fluid nature of investment strategies in the asset management space.
What's Next for Ares Management
Investors will be looking ahead to Ares Management's next earnings report scheduled for November 2, 2026. The recent 13F filing reflects holdings as of the reporting period and may not represent current positions. As the market evolves, further insights into Ares Management's performance will be revealed in upcoming reports.
Related Filing Alerts
Source: Bank of America's 13F filing on $ARES (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Bank of America 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts