Berkley W R Corp Grows Stock Position in Ares Acquisition Co. II (NYSE:AACT)

Berkley W R Corp increased its holdings in shares of Ares Acquisition Co. II (NYSE:AACT) by 165.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 207,456 shares of the company’s stock after buying an additional 129,324 shares during the quarter. Berkley W R Corp’s holdings in Ares Acquisition Co. II were worth $2,193,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Firethorn Wealth Partners LLC lifted its stake in shares of Ares Acquisition Co. II by 51.5% in the 4th quarter. Firethorn Wealth Partners LLC now owns 19,728 shares of the company’s stock valued at $206,000 after purchasing an additional 6,708 shares in the last quarter. Condor Capital Management lifted its stake in shares of Ares Acquisition Co. II by 30.2% in the 1st 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 in the last quarter. Bulldog Investors LLP lifted its stake in shares of Ares Acquisition Co. II by 55.6% in the 4th quarter. Bulldog Investors LLP now owns 426,605 shares of the company’s stock valued at $4,454,000 after purchasing an additional 152,411 shares in the last quarter. Cohanzick Management LLC lifted its stake in shares of Ares Acquisition Co. II by 133.4% in the 4th quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock valued at $3,197,000 after purchasing an additional 175,000 shares in the last quarter. Finally, Mizuho Securities USA LLC acquired a new position in shares of Ares Acquisition Co. II in the 1st quarter valued at about $3,679,000. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

Ares Acquisition Co. II Stock Performance

Shares of NYSE AACT traded up $0.02 during midday trading on Monday, hitting $10.74. The stock had a trading volume of 525,258 shares, compared to its average volume of 223,547. Ares Acquisition Co. II has a 1-year low of $10.17 and a 1-year high of $10.76. The company has a fifty day moving average price of $10.67 and a 200 day moving average price of $10.59.

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.