Wolverine Asset Management LLC Boosts Stake in Ares Acquisition Co. II (NYSE:AACT)

Wolverine Asset Management LLC grew its holdings in Ares Acquisition Co. II (NYSE:AACT - Free Report) by 448.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 686,939 shares of the company's stock after buying an additional 561,796 shares during the quarter. Wolverine Asset Management LLC owned 1.10% of Ares Acquisition Co. II worth $7,440,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AACT. Condor Capital Management increased its holdings in shares of Ares Acquisition Co. II by 30.2% in the first quarter. Condor Capital Management now owns 53,057 shares of the company's stock valued at $561,000 after purchasing an additional 12,307 shares during the last quarter. Mizuho Securities USA LLC purchased a new position in Ares Acquisition Co. II during the first quarter worth about $3,679,000. Berkley W R Corp boosted its holdings in Ares Acquisition Co. II by 165.5% in the 1st quarter. Berkley W R Corp now owns 207,456 shares of the company's stock valued at $2,193,000 after purchasing an additional 129,324 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Ares Acquisition Co. II in the 1st quarter valued at approximately $1,161,000. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Ares Acquisition Co. II during the 2nd quarter worth approximately $5,335,000. 72.95% of the stock is currently owned by institutional investors and hedge funds.

Ares Acquisition Co. II Trading Up 0.1 %

AACT stock traded up $0.01 during mid-day trading on Monday, hitting $10.87. 188 shares of the company were exchanged, compared to its average volume of 206,267. The business has a fifty day simple moving average of $10.83 and a 200-day simple moving average of $10.73. Ares Acquisition Co. II has a 12-month low of $10.32 and a 12-month high of $11.00.

Ares Acquisition Co. II Company 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.