ARES MANAGEMENT CORPORATION

Ticker: ARES CUSIP: 03990B101 Class: CL A COM STK

M&T Bank Corp's Holding History (CIK: 0000036270)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 26,526 Value ($000) $4,287 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 9,849 Value ($000) $1,575 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 18,156 Value ($000) $3,145 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 15,869 Value ($000) $2,327 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 16,917 Value ($000) $2,995 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 18,113 Value ($000) $2,822 Avg Close $139.75 Range $123.15 - $154.86

Q2 2024

Shares 18,458 Value ($000) $2,460 Avg Close $130.61 Range $119.64 - $143.42

Q1 2024

Shares 20,517 Value ($000) $2,729 Avg Close $121.35 Range $107.05 - $132.34

Q4 2023

Shares 17,345 Value ($000) $2,062 Avg Close $102.46 Range $90.47 - $114.79

Q3 2023

Shares 18,780 Value ($000) $1,932 Avg Close $94.74 Range $86.95 - $101.18

Q2 2023

Shares 19,054 Value ($000) $1,836 Avg Close $80.33 Range $72.34 - $91.06

Q1 2023

Shares 18,820 Value ($000) $1,570 Avg Close $73.16 Range $61.80 - $80.36

Q4 2022

Shares 18,440 Value ($000) $1,262 Avg Close $65.79 Range $53.36 - $78.37

Q3 2022

Shares 19,512 Value ($000) $1,208 Avg Close $63.25 Range $50.98 - $71.82

Q2 2022

Shares 19,061 Value ($000) $1,039 Avg Close $61.93 Range $48.02 - $76.43

Q1 2022

Shares 10,402 Value ($000) $845 Avg Close $68.19 Range $58.16 - $74.64

Q4 2021

Shares 10,996 Value ($000) $894 Avg Close $71.78 Range $63.89 - $79.37

Q3 2021

Shares 10,996 Value ($000) $811 Avg Close $63.14 Range $53.28 - $71.08

Q2 2021

Shares 12,536 Value ($000) $797 Avg Close $48.65 Range $43.84 - $56.33

Q1 2021

Shares 12,086 Value ($000) $678 Avg Close $43.40 Range $38.27 - $49.81

Q4 2020

Shares 13,116 Value ($000) $617 Avg Close $38.71 Range $34.00 - $42.95

Q3 2020

Shares 15,744 Value ($000) $637 Avg Close $33.84 Range $32.04 - $35.87

Q2 2020

Shares 10,975 Value ($000) $436 Avg Close $29.64 Range $23.86 - $34.59

Q1 2020

Shares 10,847 Value ($000) $335 Avg Close $28.96 Range $16.91 - $34.62

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	26,526	$4,287	$154.95	$138.30 - $180.02
Q3 2025	9,849	$1,575	$178.28	$153.51 - $192.79
Q2 2025	18,156	$3,145	$155.27	$108.50 - $173.43
Q1 2025	15,869	$2,327	$168.35	$134.55 - $195.10
Q4 2024	16,917	$2,995	$165.33	$147.85 - $179.17
Q3 2024	18,113	$2,822	$139.75	$123.15 - $154.86
Q2 2024	18,458	$2,460	$130.61	$119.64 - $143.42
Q1 2024	20,517	$2,729	$121.35	$107.05 - $132.34
Q4 2023	17,345	$2,062	$102.46	$90.47 - $114.79
Q3 2023	18,780	$1,932	$94.74	$86.95 - $101.18
Q2 2023	19,054	$1,836	$80.33	$72.34 - $91.06
Q1 2023	18,820	$1,570	$73.16	$61.80 - $80.36
Q4 2022	18,440	$1,262	$65.79	$53.36 - $78.37
Q3 2022	19,512	$1,208	$63.25	$50.98 - $71.82
Q2 2022	19,061	$1,039	$61.93	$48.02 - $76.43
Q1 2022	10,402	$845	$68.19	$58.16 - $74.64
Q4 2021	10,996	$894	$71.78	$63.89 - $79.37
Q3 2021	10,996	$811	$63.14	$53.28 - $71.08
Q2 2021	12,536	$797	$48.65	$43.84 - $56.33
Q1 2021	12,086	$678	$43.40	$38.27 - $49.81
Q4 2020	13,116	$617	$38.71	$34.00 - $42.95
Q3 2020	15,744	$637	$33.84	$32.04 - $35.87
Q2 2020	10,975	$436	$29.64	$23.86 - $34.59
Q1 2020	10,847	$335	$28.96	$16.91 - $34.62