Instuitional Investor - Ares Management Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Savers Value Village Inc		134,659,188	$2,340,376,691	56.75%
2.	Frontier Communications Parent Inc.	FYBR	38,912,895	$986,052,759	23.91%
3.	Chromcraft Revington Inc	CRC	2,699,385	$147,602,372	3.57%
4.	Clear Channel Outdoor Holdings Inc.	CCO	223,316,184	$101,608,864	2.46%
5.	Spdr S & P 500 Etf TrustPUT	SPY	130,000	$61,790,300	1.49%