Q1 2026 · 13F-HR
Ares Systematic Credit Ltdholdings as filed
Filed 2026-05-15 · accession 0001104659-26-062638
$126.6M
Reported value
150
Positions
2026-03-31
Period end
The Brief · Ares Systematic Credit Ltd · Q1 2026
AI · grounded in 13F
Ares Systematic Credit Ltd established a new position in Global Payments Inc. [[stock:GPN 1.5 03/01/31]] worth $4.12M. The fund also opened new positions in Peabody Energy Corp [[stock:BTU 3.25 03/01/28]] for $3.84M and M/A-COM Technology Solutions Holdings Inc. [[stock:MTSI 0 12/15/29]] for $2.80M. On the sell side, the fund closed its position in BIOMARIN PHARMACEUTICAL [[stock:BMRN 1.25 05/15/27]], reducing exposure by $3.27M. Other exits included HAEMONETICS CORP [[stock:HAE 2.5 06/01/29]] and BRIDGEBIO PHARMA INC [[stock:BBIO 2.25 02/01/29]].
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 011642AD7 | ALRM 2.25 06/01/29 | Alarm.com Holdings Inc | $4.2M | 3.35% | 4,600,000 | Common | SOLE |
| 92939UAP1 | WEC 4.375 06/01/27 | WEC ENERGY GROUP, INC. | $4.2M | 3.32% | 3,500,000 | Common | SOLE |
| 37940XAU6 | GPN 1.5 03/01/31 | Global Payments Inc. | $4.1M | 3.25% | 4,700,000 | Common | SOLE |
| 704551AD2 | BTU 3.25 03/01/28 | Peabody Energy Corp | $3.8M | 3.04% | 3,800,000 | Common | SOLE |
| 29415FAD6 | NVST 1.75 08/15/28 | Envista Holdings Corp | $3.7M | 2.89% | 3,700,000 | Common | SOLE |
| 477143AR2 | JBLU 2.5 09/01/29 | JetBlue Airways Corporation | $3.4M | 2.69% | 3,700,000 | Common | SOLE |
| 00971TAN1 | AKAM 1.125 02/15/29 | Akamai Technologies Inc | $3.4M | 2.65% | 3,000,000 | Common | SOLE |
| 55405YAD2 | MTSI 0 12/15/29 | M/A-COM Technology Solutions Holdings Inc. | $2.8M | 2.21% | 2,000,000 | Common | SOLE |
| 86800UAD6 | SMCI 2.25 07/15/28 | Super Micro Computer, Inc. | $2.7M | 2.17% | 3,200,000 | Common | SOLE |
| 98139AAD7 | WK 1.25 08/15/28 | Workiva Inc | $2.3M | 1.84% | 2,500,000 | Common | SOLE |
| 29786AAJ5 | ETSY 0.125 10/01/26 | Etsy Inc | $2.2M | 1.78% | 2,300,000 | Common | SOLE |
| 76954AAB9 | RIVN 4.625 03/15/29 | Rivian Automotive Inc | $2.2M | 1.74% | 2,100,000 | Common | SOLE |
| 76954AAD5 | RIVN 3.625 10/15/30 | Rivian Automotive Inc | $2.2M | 1.70% | 2,300,000 | Common | SOLE |
| 30034WAD8 | EVRG 4.5 12/15/27 | Evergy Inc | $2.2M | 1.70% | 1,600,000 | Common | SOLE |
| 842587DZ7 | SO 4.5 06/15/27 | SOUTHERN CO/THE | $2.1M | 1.67% | 1,900,000 | Common | SOLE |
| 19240QAA0 | COGT 1.625 11/15/31 | Cogent Biosciences Inc | $2.1M | 1.66% | 1,800,000 | Common | SOLE |
| 25402DAB8 | DOCN 0 12/01/26 | DigitalOcean Holdings Inc | $2.1M | 1.62% | 2,100,000 | Common | SOLE |
| 501812AD3 | LCII 3 03/01/30 | LCI INDUSTRIES | $2.0M | 1.59% | 1,700,000 | Common | SOLE |
| 338307AF8 | FIVN 1 03/15/29 | Five9 Inc | $2.0M | 1.58% | 2,300,000 | Common | SOLE |
| 974637AF7 | WGO 3.25 01/15/30 | Winnebago Industries Inc | $2.0M | 1.58% | 2,200,000 | Common | SOLE |
| 02081GAD4 | ATEC 0.75 03/15/30 | Alphatec Holdings, Inc. | $2.0M | 1.55% | 1,900,000 | Common | SOLE |
| 45258DAB1 | IMCR 2.5 02/01/30 | Immunocore Holdings PLC | $2.0M | 1.54% | 2,200,000 | Common | SOLE |
| 723484AK7 | PNW 4.75 06/15/27 | Pinnacle West Capital Corp | $1.9M | 1.54% | 1,700,000 | Common | SOLE |
| 65339KCY4 | NEE 3 03/01/27 | NextEra Energy Capital Holdings Inc | $1.9M | 1.53% | 1,400,000 | Common | SOLE |
| 42703MAF0 | HLF 4.25 06/15/28 | Herbalife Ltd | $1.9M | 1.50% | 1,600,000 | Common | SOLE |
| 83304AAK2 | SNAP 0.5 05/01/30 | Snap Inc | $1.9M | 1.49% | 2,400,000 | Common | SOLE |
| 84762LAZ8 | SPB 3.375 06/01/29 | Spectrum Brands, Inc. | $1.9M | 1.48% | 1,900,000 | Common | SOLE |
| 00971TAL5 | AKAM 0.375 09/01/27 | Akamai Technologies Inc | $1.8M | 1.43% | 1,600,000 | Common | SOLE |
| 833445AD1 | SNOW 0 10/01/29 | Snowflake Inc | $1.7M | 1.36% | 1,400,000 | Common | SOLE |
| 958102AT2 | WDC 3 11/15/28 | Western Digital Corp | $1.3M | 1.05% | 200,000 | Common | SOLE |
| 57164YAF4 | VAC 3.25 12/15/27 | Marriott Vacations Worldwide Corp | $1.3M | 0.99% | 1,300,000 | Common | SOLE |
| 35834FAB0 | TE 5.25 12/01/30 | T1 Energy Inc | $1.2M | 0.96% | 1,000,000 | Common | SOLE |
| 156727AD1 | CRNC 1.5 07/01/28 | Cerence Inc. | $1.1M | 0.85% | 1,200,000 | Common | SOLE |
| 04280AAC4 | ARWR 0 01/15/32 | Arrowhead Pharmaceuticals Inc | $990,935 | 0.78% | 1,000,000 | Common | SOLE |
| 08265TAD1 | BSY 0.375 07/01/27 | Bentley Systems, Incorporated | $950,680 | 0.75% | 1,000,000 | Common | SOLE |
| 55024UAH2 | LITE 1.5 12/15/29 | Lumentum Holdings Inc. | $943,612 | 0.75% | 100,000 | Common | SOLE |
| 10316TAD6 | BOX 1.5 09/15/29 | Box Inc | $917,430 | 0.72% | 1,000,000 | Common | SOLE |
| 91332U101 | U | Unity Software Inc | $868,657 | 0.69% | 42,291 | Common | SOLE |
| 98423FAB5 | XMTR 1 02/01/27 | Xometry Inc | $836,000 | 0.66% | 800,000 | Common | SOLE |
| 703343AG8 | PATK 1.75 12/01/28 | Patrick Industries Inc | $829,727 | 0.66% | 500,000 | Common | SOLE |
| 097023204 | BA 6 10/15/27 | Boeing Co/The | $813,884 | 0.64% | 13,142 | Common | SOLE |
| 140501AE7 | CSWC 5.125 11/15/29 | Capital Southwest Corp | $802,400 | 0.63% | 800,000 | Common | SOLE |
| 04280A100 | ARWR | Arrowhead Pharmaceuticals Inc | $759,193 | 0.60% | 13,169 | Common | SOLE |
| 462222AF7 | IONS 1.75 06/15/28 | Ionis Pharmaceuticals Inc | $735,672 | 0.58% | 500,000 | Common | SOLE |
| 40171V100 | GWRE | Guidewire Software Inc | $725,225 | 0.57% | 5,005 | Common | SOLE |
| 093712107 | BE | Bloom Energy Corp | $724,470 | 0.57% | 6,062 | Common | SOLE |
| 31188V100 | FSLY | Fastly Inc | $724,462 | 0.57% | 28,388 | Common | SOLE |
| 19260Q107 | COIN | Coinbase Global Inc | $724,359 | 0.57% | 4,505 | Common | SOLE |
| 670002401 | NVAX | NOVAVAX, INC. | $724,354 | 0.57% | 89,537 | Common | SOLE |
| 83419XAB4 | SEI 0.25 10/01/31 | Solaris Oilfield Infrastructure Inc | $716,270 | 0.57% | 600,000 | Common | SOLE |
| 74736L109 | QTWO | Q2 Holdings Inc | $712,488 | 0.56% | 15,296 | Common | SOLE |
| 833445109 | SNOW | Snowflake Inc | $710,416 | 0.56% | 4,623 | Common | SOLE |
| 393222AM6 | GPRE 5.25 11/01/30 UNRS | Green Plains Inc | $707,750 | 0.56% | 500,000 | Common | SOLE |
| 902681AB1 | UGI 5 06/01/28 | UGI Corp | $707,165 | 0.56% | 500,000 | Common | SOLE |
| 91688F104 | UPWK | Upwork Inc | $704,501 | 0.56% | 66,651 | Common | SOLE |
| 090043100 | BILL | BILL Holdings Inc | $700,782 | 0.55% | 18,818 | Common | SOLE |
| 399473AH0 | GRPN 6.25 03/15/27 * | Groupon Inc | $696,760 | 0.55% | 700,000 | Common | SOLE |
| 98139A105 | WK | Workiva Inc | $679,863 | 0.54% | 11,582 | Common | SOLE |
| 23834J201 | DAVE | Dave Inc | $678,179 | 0.54% | 4,002 | Common | SOLE |
| 26210C104 | DBX | Dropbox Inc | $668,769 | 0.53% | 29,644 | Common | SOLE |
| 852234103 | XYZ | Block Inc | $656,872 | 0.52% | 11,518 | Common | SOLE |
| 55306N104 | MKSI | MKS, Inc. | $655,614 | 0.52% | 3,115 | Common | SOLE |
| 816850101 | SMTC | Semtech Corp | $647,635 | 0.51% | 9,172 | Common | SOLE |
| G4412G101 | HLF | Herbalife Ltd | $647,312 | 0.51% | 44,921 | Common | SOLE |
| 25402D102 | DOCN | DigitalOcean Holdings Inc | $641,441 | 0.51% | 8,190 | Common | SOLE |
| 40131MAD1 | GH 1.25 02/15/31 | Guardant Health Inc | $640,236 | 0.51% | 400,000 | Common | SOLE |
| 387328AF4 | GVA 3.25 06/15/30 | Granite Construction Inc | $639,748 | 0.51% | 400,000 | Common | SOLE |
| 949746804 | WFC 7.5 PERP L | Wells Fargo & Co | $628,650 | 0.50% | 550 | Common | SOLE |
| 65339F663 | NEE 7.299 06/01/27 | NextEra Energy, Inc. | $617,960 | 0.49% | 11,035 | Common | SOLE |
| 98423F109 | XMTR | Xometry Inc | $603,386 | 0.48% | 16,129 | Common | SOLE |
| 87157D109 | SYNA | Synaptics Incorporated | $548,820 | 0.43% | 8,433 | Common | SOLE |
| 55405Y100 | MTSI | M/A-COM Technology Solutions Holdings Inc. | $542,370 | 0.43% | 2,589 | Common | SOLE |
| 733245104 | PRCH | Porch Group Inc | $539,766 | 0.43% | 78,227 | Common | SOLE |
| 594972AS0 | MSTR 0 12/01/29 | MicroStrategy Inc | $498,900 | 0.39% | 600,000 | Common | SOLE |
| 48123VAH5 | ZD 3.625 03/01/28 | Ziff Davis Inc | $490,125 | 0.39% | 500,000 | Common | SOLE |
| 10806XAJ1 | BBIO 1.75 03/01/31 | BridgeBio Pharma, Inc. | $485,793 | 0.38% | 300,000 | Common | SOLE |
| 060505682 | BAC 7.25 PERP L | Bank of America Corporation | $485,614 | 0.38% | 408 | Common | SOLE |
| 012653200 | ALB 7.25 03/01/27 | Albemarle Corp | $480,453 | 0.38% | 6,813 | Common | SOLE |
| 046433108 | ATRO | Astronics Corp | $463,225 | 0.37% | 7,433 | Common | SOLE |
| 156727109 | CRNC | Cerence Inc. | $462,889 | 0.37% | 77,666 | Common | SOLE |
| 338307101 | FIVN | Five9 Inc | $461,740 | 0.36% | 31,262 | Common | SOLE |
| 23804L103 | DDOG | Datadog Inc | $459,766 | 0.36% | 3,970 | Common | SOLE |
| 68389X204 | ORCL 6.5 01/15/29 D | Oracle Corp | $458,002 | 0.36% | 10,483 | Common | SOLE |
| 29786A106 | ETSY | Etsy Inc | $454,195 | 0.36% | 9,562 | Common | SOLE |
| 743312AD2 | PRGS 3.5 03/01/30 | Progress Software Corp | $450,965 | 0.36% | 500,000 | Common | SOLE |
| 81180WBL4 | STX 3.5 06/01/28 | Seagate HDD Cayman | $439,636 | 0.35% | 100,000 | Common | SOLE |
| 531229AP7 | SIRI 3.75 03/15/28 | Sirius XM Holdings Inc | $413,900 | 0.33% | 400,000 | Common | SOLE |
| 69366J200 | PTCT | PTC Therapeutics Inc | $406,705 | 0.32% | 6,196 | Common | SOLE |
| 40131MAB5 | GH 0 11/15/27 | Guardant Health Inc | $405,280 | 0.32% | 400,000 | Common | SOLE |
| 86800UAB0 | SMCI 3.5 03/01/29 | Super Micro Computer, Inc. | $394,293 | 0.31% | 500,000 | Common | SOLE |
| 75134PAB1 | METC 0 11/01/31 | Ramaco Resources Inc | $385,500 | 0.30% | 500,000 | Common | SOLE |
| 88080T104 | WULF | Terawulf Inc | $384,723 | 0.30% | 28,082 | Common | SOLE |
| 45867GAD3 | IDCC 3.5 06/01/27 | InterDigital Inc | $381,000 | 0.30% | 100,000 | Common | SOLE |
| 29786AAL0 | ETSY 0.125 09/01/27 | Etsy Inc | $372,800 | 0.29% | 400,000 | Common | SOLE |
| 283678209 | KMI 4.75 03/31/28 | El Paso Energy Capital Trust I | $365,328 | 0.29% | 7,200 | Common | SOLE |
| 19260QAF4 | COIN 0.25 04/01/30 | Coinbase Global Inc | $362,795 | 0.29% | 400,000 | Common | SOLE |
| 26142RAB0 | DKNG 0 03/15/28 | DraftKings Holdings Inc | $360,827 | 0.29% | 400,000 | Common | SOLE |
| 974637100 | WGO | Winnebago Industries Inc | $333,231 | 0.26% | 10,562 | Common | SOLE |
| 19459J104 | COLL | Collegium Pharmaceutical Inc | $324,954 | 0.26% | 10,158 | Common | SOLE |
| H8817H100 | RIG | Transocean Ltd | $324,327 | 0.26% | 48,771 | Common | SOLE |
| 595017302 | MCHP 7.5 03/15/28 | Microchip Technology Incorporated | $317,990 | 0.25% | 5,880 | Common | SOLE |
| 55306NAB0 | MKSI 1.25 06/01/30 | MKS, Inc. | $309,900 | 0.24% | 200,000 | Common | SOLE |
| 94419L101 | W | Wayfair Inc | $307,481 | 0.24% | 4,421 | Common | SOLE |
| 55826TAB8 | SPHR 3.5 12/01/28 | Sphere Entertainment Co | $306,750 | 0.24% | 100,000 | Common | SOLE |
| 69553P100 | PD | PagerDuty Inc | $297,992 | 0.24% | 48,454 | Common | SOLE |
| 91332UAB7 | U 0 11/15/26 | Unity Software Inc | $291,902 | 0.23% | 300,000 | Common | SOLE |
| 852234AK9 | XYZ 0.25 11/01/27 | Block Inc | $281,100 | 0.22% | 300,000 | Common | SOLE |
| 472145AH4 | JAZZ 3.125 09/15/30 | Jazz Investments I Ltd | $277,200 | 0.22% | 200,000 | Common | SOLE |
| 053807103 | AVT | Avnet Inc | $266,480 | 0.21% | 4,549 | Common | SOLE |
| 387328AD9 | GVA 3.75 05/15/28 | Granite Construction Inc | $255,550 | 0.20% | 100,000 | Common | SOLE |
| 55024UAF6 | LITE 0.5 06/15/28 | Lumentum Holdings Inc. | $249,931 | 0.20% | 50,000 | Common | SOLE |
| 42824C208 | HPE 7.625 09/01/27 | Hewlett Packard Enterprise Co | $247,112 | 0.20% | 4,022 | Common | SOLE |
| 70614W100 | PTON | Peloton Interactive, Inc. | $239,028 | 0.19% | 59,757 | Common | SOLE |
| 833445AB5 | SNOW 0 10/01/27 | Snowflake Inc | $238,769 | 0.19% | 200,000 | Common | SOLE |
| 038169AB4 | APLD 2.75 06/01/30 | Applied Digital Corporation | $234,550 | 0.19% | 100,000 | Common | SOLE |
| 15102KAA8 | CELC 2.75 08/01/31 | Celcuity Inc | $233,557 | 0.18% | 100,000 | Common | SOLE |
| 69352PAS2 | PPL 2.875 03/15/28 | PPL CAPITAL FUNDING, INC. | $233,550 | 0.18% | 200,000 | Common | SOLE |
| 48251W500 | KKR 6.25 03/01/28 D | KKR & Co Inc | $231,392 | 0.18% | 5,861 | Common | SOLE |
| 65341B106 | XIFR | NextEra Energy Partners LP | $228,489 | 0.18% | 22,578 | Common | SOLE |
| 007973AE0 | AEIS 2.5 09/15/28 | Advanced Energy Industries Inc | $223,450 | 0.18% | 100,000 | Common | SOLE |
| 00827B106 | AFRM | Affirm Holdings Inc | $204,479 | 0.16% | 4,752 | Common | SOLE |
| 594972AN1 | MSTR 2.25 06/15/32 | MicroStrategy Inc | $202,400 | 0.16% | 200,000 | Common | SOLE |
| 09257WAE0 | BXMT 5.5 03/15/27 | Blackstone Mortgage Trust, Inc. | $199,000 | 0.16% | 200,000 | Common | SOLE |
| 98980G102 | ZS | Zscaler Inc | $190,105 | 0.15% | 1,385 | Common | SOLE |
| 928298AR9 | VSH 2.25 09/15/30 | Vishay Intertechnology Inc | $187,800 | 0.15% | 200,000 | Common | SOLE |
| 69331C306 | PCG 6 12/01/27 A | PG&E Corporation | $179,322 | 0.14% | 4,180 | Common | SOLE |
| 594972AU5 | MSTR 0 03/01/30 | MicroStrategy Inc | $173,871 | 0.14% | 200,000 | Common | SOLE |
| 94419LAR2 | W 3.5 11/15/28 | Wayfair Inc | $163,750 | 0.13% | 100,000 | Common | SOLE |
| 83406F102 | SOFI | SoFi Technologies Inc | $153,863 | 0.12% | 10,156 | Common | SOLE |
| 10950A205 | BTSG 6.75 02/01/27 | BrightSpring Health Services Inc | $128,565 | 0.10% | 923 | Common | SOLE |
| 40637HAF6 | HALO 1 08/15/28 | Halozyme Therapeutics Inc | $125,287 | 0.10% | 100,000 | Common | SOLE |
| 525558AB8 | LMAT 2.5 02/01/30 | LeMaitre Vascular Inc | $112,000 | 0.09% | 100,000 | Common | SOLE |
| 532206109 | LIF | Life360 Inc | $107,079 | 0.08% | 2,809 | Common | SOLE |
| 70932AAH6 | PMT 8.5 06/01/29 | PennyMac Corp | $103,979 | 0.08% | 100,000 | Common | SOLE |
| 85571BBA2 | STWD 6.75 07/15/27 | Starwood Property Trust, Inc. | $102,175 | 0.08% | 100,000 | Common | SOLE |
| 91688FAB0 | UPWK 0.25 08/15/26 | Upwork Inc | $98,125 | 0.08% | 100,000 | Common | SOLE |
| 595017BG8 | MCHP 0.75 06/01/30 | Microchip Technology Incorporated | $97,950 | 0.08% | 100,000 | Common | SOLE |
| 695127AJ9 | PCRX | Pacira BioSciences Inc | $97,313 | 0.08% | 100,000 | Common | SOLE |
| 62886HBD2 | NCLH 1.125 02/15/27 | NCL Corporation Ltd | $97,200 | 0.08% | 100,000 | Common | SOLE |
| 68213NAF6 | OMCL 1 12/01/29 | Omnicell Inc | $96,625 | 0.08% | 100,000 | Common | SOLE |
| 682189AU9 | ON 0.5 03/01/29 | ON Semiconductor Corporation | $95,300 | 0.08% | 100,000 | Common | SOLE |
| 83304AAH9 | SNAP 0.125 03/01/28 | Snap Inc | $91,370 | 0.07% | 100,000 | Common | SOLE |
| 03209RAB9 | AMPH 2 03/15/29 | Amphastar Pharmaceuticals Inc | $90,520 | 0.07% | 100,000 | Common | SOLE |
| 05988JAD5 | BAND 0.5 04/01/28 | Bandwidth Inc | $89,500 | 0.07% | 100,000 | Common | SOLE |
| 918284209 | VSEC 5.75 02/01/29 | VSE Corp | $88,520 | 0.07% | 1,961 | Common | SOLE |
| 82452J307 | FOUR 6 05/01/28 | Shift4 Payments Inc | $86,694 | 0.07% | 1,591 | Common | SOLE |
| 679295105 | OKTA | Okta Inc | $81,734 | 0.06% | 1,083 | Common | SOLE |
| 82846H504 | QXO 5.5 05/15/28 | QXO Inc | $66,324 | 0.05% | 1,265 | Common | SOLE |
| 94419LAP6 | W 3.25 09/15/27 | Wayfair Inc | $64,220 | 0.05% | 52,000 | Common | SOLE |
| 65339F119 | NEE 7.234 11/01/27 | NextEra Energy, Inc. | $40,186 | 0.03% | 774 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.