Ares Acquisition Corporation II $AACT Shares Purchased by Deltec Asset Management LLC

Key Points

• Deltec Asset Management LLC increased its stake in Ares Acquisition Corporation II by 50%, owning 150,000 shares worth approximately $1.7 million at the end of Q2.
• Other institutional investors such as Westchester Capital Management and Mizuho Securities have also significantly increased their holdings in Ares Acquisition Corporation II during the first quarter of the year.
• Ares Acquisition Corporation II's stock has shown volatility, trading up 12.8% recently, with a current price of $10.02, marking a one-year range of $8.47 to $11.62.

Deltec Asset Management LLC boosted its holdings in Ares Acquisition Corporation II (NYSE:AACT - Free Report) by 50.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,000 shares of the company's stock after acquiring an additional 50,000 shares during the quarter. Deltec Asset Management LLC owned 0.24% of Ares Acquisition Corporation II worth $1,700,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Westchester Capital Management LLC increased its position in Ares Acquisition Corporation II by 27.5% in the 1st quarter. Westchester Capital Management LLC now owns 3,951,420 shares of the company's stock valued at $44,058,000 after acquiring an additional 852,733 shares during the period. Virtu Financial LLC increased its position in shares of Ares Acquisition Corporation II by 129.3% during the 1st quarter. Virtu Financial LLC now owns 52,078 shares of the company's stock valued at $581,000 after purchasing an additional 29,368 shares during the period. Mizuho Securities USA LLC increased its position in shares of Ares Acquisition Corporation II by 867.2% during the 1st quarter. Mizuho Securities USA LLC now owns 3,133,249 shares of the company's stock valued at $34,842,000 after purchasing an additional 2,809,299 shares during the period. Finally, FNY Investment Advisers LLC increased its position in shares of Ares Acquisition Corporation II by 10.4% during the 1st quarter. FNY Investment Advisers LLC now owns 111,638 shares of the company's stock valued at $1,244,000 after purchasing an additional 10,538 shares during the period. 72.95% of the stock is currently owned by institutional investors and hedge funds.

Ares Acquisition Corporation II Trading Up 12.8%

Shares of AACT stock opened at $10.02 on Wednesday. The business's fifty day moving average is $11.20 and its 200-day moving average is $11.25. Ares Acquisition Corporation II has a 1 year low of $8.47 and a 1 year high of $11.62.

Ares Acquisition Corporation II Company Profile

Ares Acquisition Corp. II is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on March 15, 2021 and is headquartered in New York, NY.

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