Wellington Mgmt. Holds 9.99% Stake in Ares Management Corp.

TL;DR

**Wellington Management still owns nearly 10% of Ares Management Corp, a strong vote of confidence.**

AI Summary

Wellington Management Group LLP filed an amended SC 13G/A on February 8, 2024, disclosing its ownership in Ares Management Corp (ARES) as of December 29, 2023. This amendment, number 5, indicates that Wellington Management Group LLP now beneficially owns 16,076,826 shares of Ares Management Corp's Common Stock, representing 9.99% of the class. This is a significant holding, showing a major institutional investor's continued confidence in ARES.

Why It Matters

This filing shows a major institutional investor, Wellington Management Group LLP, maintains a substantial stake in Ares Management Corp, signaling their continued belief in the company's value and future prospects.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a vote of confidence in the company.

Analyst Insight

Investors should view this as a positive signal, as a large, sophisticated institutional investor like Wellington Management Group LLP maintaining a nearly 10% stake suggests confidence in Ares Management Corp's long-term prospects. This could indicate stability and potential for continued growth.

Key Numbers

• 16,076,826 — Shares Owned (Total shares of Ares Management Corp's Common Stock beneficially owned by Wellington Management Group LLP.)
• 9.99% — Ownership Percentage (The percentage of Ares Management Corp's Common Stock owned by Wellington Management Group LLP, indicating a significant stake.)
• December 29, 2023 — Event Date (The specific date when the ownership level was established, triggering this filing.)

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person and institutional investor
• Ares Management Corp (company) — the subject company whose shares are being reported
• 16,076,826 (dollar_amount) — number of shares beneficially owned by Wellington Management Group LLP
• 9.99% (dollar_amount) — percentage of Ares Management Corp's Common Stock owned by Wellington Management Group LLP
• December 29, 2023 (date) — the date of the event requiring this filing

Forward-Looking Statements

• Wellington Management Group LLP will likely maintain its significant stake in Ares Management Corp for the foreseeable future. (Wellington Management Group LLP) — high confidence, target: 2025-02-08

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 36KB
• 0000902219-24-000045.txt ( ) — 38KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 5 ) * Ares Management Corp (Name of Issuer) Common Stock (Title of Class of Securities) 03990B101 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 03990B101 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 13,911,595 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 15,858,094 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,858,094 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.54% 12. TYPE OF REPORTING PERSON HC CUSIP No. 03990B101 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 13,911,595 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 15,858,094 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,858,094 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.54% 12. TYPE OF REPORTING PERSON HC CUSIP No. 03990B101 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 13,911,595 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 15,858,094 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,858,094 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.54% 12. TYPE OF REPORTING PERSON HC CUSIP No. 03990B101 1. NAMES OF REPORTING PERSONS Wellington Management Company LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 11,963,242 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 12,627,558 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,627,558 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.80% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Ares Management Corp (b) Address of Issuer's Principal Executive Offices 2000 Avenue Of The Stars 12th Floor Los Angeles, CA 90067 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP Wellington Management Company LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware Wellington Management Company LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 03990B101 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance C

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