Driehaus Capital Management LLC Purchases New Position in Ares Acquisition Co. II (NYSE:AACT)

Driehaus Capital Management LLC acquired a new position in shares of Ares Acquisition Co. II (NYSE:AACT) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 500,000 shares of the company’s stock, valued at approximately $5,335,000. Driehaus Capital Management LLC owned approximately 0.80% of Ares Acquisition Co. II at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Condor Capital Management lifted its position in Ares Acquisition Co. II by 30.2% during the 1st quarter. Condor Capital Management now owns 53,057 shares of the company’s stock worth $561,000 after acquiring an additional 12,307 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Ares Acquisition Co. II in the first quarter valued at $1,161,000. Wolverine Asset Management LLC grew its holdings in Ares Acquisition Co. II by 150,674.7% during the 2nd quarter. Wolverine Asset Management LLC now owns 125,143 shares of the company’s stock valued at $1,335,000 after purchasing an additional 125,060 shares in the last quarter. Berkley W R Corp increased its stake in Ares Acquisition Co. II by 165.5% during the 1st quarter. Berkley W R Corp now owns 207,456 shares of the company’s stock worth $2,193,000 after buying an additional 129,324 shares during the period. Finally, Mizuho Securities USA LLC purchased a new stake in Ares Acquisition Co. II during the 1st quarter worth $3,679,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.

Ares Acquisition Co. II Price Performance

NYSE:AACT opened at $10.83 on Monday. The firm has a 50-day moving average of $10.76 and a two-hundred day moving average of $10.68. Ares Acquisition Co. II has a 1-year low of $10.26 and a 1-year high of $10.84.

Ares Acquisition Co. II Profile

Ares Acquisition Corporation II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Ares Acquisition Corporation II was incorporated in 2021 and is based in New York, New York.