Ares Acquisition (AAC)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	39.83 k	39.83 k	39.83 k	39.83 k	39.83 k	39.83 k
Cash burn (monthly)	5.49 k	8.63 k	1.33 mm	1.51 mm	5.49 k	91.96 k
Cash used (since last report)	93.66 k	147.20 k	22.72 mm	25.71 mm	93.66 k	1.57 mm
Cash remaining	-53.83 k	-107.37 k	-22.68 mm	-25.67 mm	-53.83 k	-1.53 mm
Runway (months of cash)	-9.8	-12.4	-17.0	-17.0	-9.8	-16.6

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Financial data from company earnings reports.

Institutional ownership, Q1 2023

AAC institutional ownership history Ownership history

72.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	68	5	+1260.0%
Opened positions	65	2	+3150.0%
Closed positions	2	115	-98.3%
Increased positions	0	2	EXIT
Reduced positions	2	0	NEW

13F shares	Current	Prev Q	Change
Total value	16.52 bn	391.66 mm	+4117.8%
Total shares	50.92 mm	61.46 mm	-17.1%
Total puts	0.00	0.00
Total calls	460.21 k	0.00	NEW
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Ares Acquisition	40.18 mm	$391.39 mm	0.0%
Rivernorth Capital Management	1.16 mm	$1.02 bn	NEW
Aristeia Capital	978.55 k	$870.91 mm	-88.2%
Gritstone Asset Management	910.11 k	$800.90 mm	NEW
Shaolin Capital Management	689.15 k	$606.00 k	NEW
LMR Partners	571.07 k	$5.89 bn	NEW
Finepoint Capital	504.71 k	$444.14 mm	NEW
Owl Creek Asset Management	342.50 k	$301.40 mm	NEW
Exos TFP	316.65 k	$278.65 mm	NEW
Walleye Capital	279.86 k	$246.27 mm	NEW

Largest transactions	Shares	Bought/sold	Change
Glazer Capital	0.00	-12.97 mm	EXIT
Aristeia Capital	978.55 k	-7.30 mm	-88.2%
Rivernorth Capital Management	1.16 mm	+1.16 mm	NEW
Gritstone Asset Management	910.11 k	+910.11 k	NEW
Shaolin Capital Management	689.15 k	+689.15 k	NEW
LMR Partners	571.07 k	+571.07 k	NEW
Finepoint Capital	504.71 k	+504.71 k	NEW
Owl Creek Asset Management	342.50 k	+342.50 k	NEW
Exos TFP	316.65 k	+316.65 k	NEW
Walleye Capital	279.86 k	+279.86 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.