Mizuho Securities USA LLC Purchases 2,809,299 Shares of 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 increased its stake in shares of Ares Acquisition Corporation II (NYSE:AACT - Free Report) by 867.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,133,249 shares of the company's stock after purchasing an additional 2,809,299 shares during the quarter. Ares Acquisition Corporation II makes up about 0.7% of Mizuho Securities USA LLC's portfolio, making the stock its 18th largest holding. 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 (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in Ares Acquisition Corporation II during the 4th quarter worth approximately $883,000. FNY Investment Advisers LLC grew its holdings in 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 worth $1,244,000 after acquiring an additional 10,538 shares during the last quarter. Bulldog Investors LLP grew its holdings in Ares Acquisition Corporation II by 54.9% during the 4th quarter. Bulldog Investors LLP now owns 523,243 shares of the company's stock worth $5,745,000 after acquiring an additional 185,556 shares during the last quarter. Berkley W R Corp grew its holdings in Ares Acquisition Corporation II by 6.6% during the 4th quarter. Berkley W R Corp now owns 1,608,763 shares of the company's stock worth $17,664,000 after acquiring an additional 99,740 shares during the last quarter. Finally, Toronto Dominion Bank bought a new stake in Ares Acquisition Corporation II during the 4th quarter worth approximately $21,519,000. 72.95% of the stock is currently owned by institutional investors and hedge funds.

Ares Acquisition Corporation II Trading Down 0.1%

Shares of NYSE:AACT traded down $0.01 during trading on Monday, reaching $11.39. The stock had a trading volume of 88,698 shares, compared to its average volume of 310,510. The firm's fifty day moving average is $11.37 and its 200 day moving average is $11.24. Ares Acquisition Corporation II has a 52 week low of $10.74 and a 52 week 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.