Ares Acquisition Corporation II $AACT is Westchester Capital Management LLC's 10th Largest Position

Key Points

• Westchester Capital Management LLC increased its stake in Ares Acquisition Corporation II by 27.5%, now owning 3,951,420 shares, representing approximately 2.3% of its investment portfolio.
• Other institutional investors also showed interest, with Virtu Financial LLC raising its position by 129.3% and acquiring 52,078 shares during the 1st quarter.
• The stock of Ares Acquisition Corporation II opened at $11.4150, with a twelve month range between $10.74 and $11.62.

Westchester Capital Management LLC grew its stake in Ares Acquisition Corporation II (NYSE:AACT - Free Report) by 27.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,951,420 shares of the company's stock after buying an additional 852,733 shares during the period. Ares Acquisition Corporation II accounts for 2.3% of Westchester Capital Management LLC's holdings, making the stock its 10th biggest position. Westchester Capital Management LLC owned 6.32% of Ares Acquisition Corporation II worth $44,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Virtu Financial LLC raised its holdings in shares of Ares Acquisition Corporation II by 129.3% in the first quarter. Virtu Financial LLC now owns 52,078 shares of the company's stock worth $581,000 after buying an additional 29,368 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Ares Acquisition Corporation II in the fourth quarter worth $883,000. FNY Investment Advisers LLC raised its holdings in shares of Ares Acquisition Corporation II by 10.4% in the first quarter. FNY Investment Advisers LLC now owns 111,638 shares of the company's stock worth $1,244,000 after buying an additional 10,538 shares during the last quarter. Bulldog Investors LLP raised its holdings in shares of Ares Acquisition Corporation II by 54.9% in the fourth quarter. Bulldog Investors LLP now owns 523,243 shares of the company's stock worth $5,745,000 after buying an additional 185,556 shares during the last quarter. Finally, Berkley W R Corp raised its holdings in shares of Ares Acquisition Corporation II by 6.6% in the fourth quarter. Berkley W R Corp now owns 1,608,763 shares of the company's stock worth $17,664,000 after buying an additional 99,740 shares during the last quarter. Hedge funds and other institutional investors own 72.95% of the company's stock.

Ares Acquisition Corporation II Trading Up 0.8%

Shares of NYSE AACT traded up $0.10 during midday trading on Thursday, reaching $11.40. The company had a trading volume of 80,589 shares, compared to its average volume of 167,302. The business's 50-day simple moving average is $11.38 and its 200 day simple moving average is $11.27. Ares Acquisition Corporation II has a 1 year low of $10.75 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.