Mizuho Securities USA LLC Has $34.84 Million Stock Position in Ares Acquisition Corporation II (NYSE:AACT)

Key Points

• Mizuho Securities USA LLC significantly increased its stake in Ares Acquisition Corporation II by 867.2% during the first quarter, owning over 3.1 million shares valued at approximately $34.8 million.
• Other institutional investors, including Jane Street Group and FNY Investment Advisers, have also adjusted their positions in Ares Acquisition Corporation II, contributing to institutional ownership reaching 72.95%.
• Ares Acquisition Corporation II's stock is currently priced at $11.40, with a 12-month low of $10.74 and a high of $11.62.

Mizuho Securities USA LLC raised its stake in shares of Ares Acquisition Corporation II (NYSE:AACT - Free Report) by 867.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,133,249 shares of the company's stock after buying an additional 2,809,299 shares during the period. Ares Acquisition Corporation II makes up 0.7% of Mizuho Securities USA LLC's portfolio, making the stock its 18th biggest position. Mizuho Securities USA LLC owned about 5.07% of Ares Acquisition Corporation II worth $34,842,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of AACT. FNY Investment Advisers LLC grew its stake in shares of Ares Acquisition Corporation II by 10.4% in the 1st quarter. FNY Investment Advisers LLC now owns 111,638 shares of the company's stock worth $1,244,000 after purchasing an additional 10,538 shares during the last quarter. Toronto Dominion Bank acquired a new stake in shares of Ares Acquisition Corporation II during the fourth quarter worth approximately $21,519,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of Ares Acquisition Corporation II by 2.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company's stock worth $27,176,000 after purchasing an additional 61,500 shares during the period. Bulldog Investors LLP boosted its holdings in shares of Ares Acquisition Corporation II by 54.9% during the fourth quarter. Bulldog Investors LLP now owns 523,243 shares of the company's stock worth $5,745,000 after purchasing an additional 185,556 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Ares Acquisition Corporation II in the fourth quarter valued at approximately $883,000. Institutional investors and hedge funds own 72.95% of the company's stock.

Ares Acquisition Corporation II Price Performance

NYSE AACT traded up $0.03 during trading on Wednesday, reaching $11.41. The company's stock had a trading volume of 43,519 shares, compared to its average volume of 574,325. The business has a 50-day moving average price of $11.36 and a 200-day moving average price of $11.24. Ares Acquisition Corporation II has a 1-year low of $10.74 and a 1-year high of $11.62.

About Ares Acquisition Corporation II

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.