Berkley W R Corp Buys 1,301,567 Shares of Ares Acquisition Co. II (NYSE:AACT)

Berkley W R Corp raised its stake in Ares Acquisition Co. II (NYSE:AACT) by 627.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,509,023 shares of the company’s stock after purchasing an additional 1,301,567 shares during the quarter. Ares Acquisition Co. II makes up about 0.7% of Berkley W R Corp’s portfolio, making the stock its 14th biggest holding. Berkley W R Corp owned 2.41% of Ares Acquisition Co. II worth $16,101,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of AACT. Karpus Management Inc. grew its stake in Ares Acquisition Co. II by 58.5% in the fourth quarter. Karpus Management Inc. now owns 2,712,010 shares of the company’s stock valued at $28,313,000 after purchasing an additional 1,001,110 shares in the last quarter. Mizuho Securities USA LLC bought a new position in shares of Ares Acquisition Co. II during the 1st quarter worth approximately $3,679,000. Cohanzick Management LLC boosted its stake in shares of Ares Acquisition Co. II by 133.4% during the 4th quarter. Cohanzick Management LLC now owns 306,200 shares of the company’s stock worth $3,197,000 after acquiring an additional 175,000 shares during the period. Bulldog Investors LLP boosted its stake in shares of Ares Acquisition Co. II by 55.6% during the 4th quarter. Bulldog Investors LLP now owns 426,605 shares of the company’s stock worth $4,454,000 after acquiring an additional 152,411 shares during the period. Finally, Wolverine Asset Management LLC boosted its stake in shares of 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 worth $1,335,000 after acquiring an additional 125,060 shares during the period. 72.95% of the stock is currently owned by institutional investors.

Ares Acquisition Co. II Trading Down 0.1 %

Shares of NYSE AACT opened at $10.80 on Tuesday. Ares Acquisition Co. II has a 12 month low of $10.26 and a 12 month high of $10.84. The stock has a 50 day moving average of $10.76 and a 200-day moving average of $10.67.

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.