ARES MANAGEMENT CORPORATION

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

PRICE T ROWE ASSOCIATES INC /MD/'s Holding History (CIK: 0000080255)

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

Q4 2025

Shares 5,987,733 Value ($000) $968 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 7,570,069 Value ($000) $1,210 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 6,253,020 Value ($000) $1,083 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 1,414,055 Value ($000) $207 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 1,588,173 Value ($000) $281 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 1,719,428 Value ($000) $268 Avg Close $139.75 Range $123.15 - $154.86

Q2 2024

Shares 1,734,896 Value ($000) $231 Avg Close $130.61 Range $119.64 - $143.42

Q1 2024

Shares 3,961,843 Value ($000) $527 Avg Close $121.35 Range $107.05 - $132.34

Q4 2023

Shares 4,113,862 Value ($000) $489 Avg Close $102.46 Range $90.47 - $114.79

Q3 2023

Shares 1,114,998 Value ($000) $115 Avg Close $94.74 Range $86.95 - $101.18

Q2 2023

Shares 1,179,759 Value ($000) $114 Avg Close $80.33 Range $72.34 - $91.06

Q1 2023

Shares 1,502,659 Value ($000) $125 Avg Close $73.16 Range $61.80 - $80.36

Q4 2022

Shares 579,984 Value ($000) $40 Avg Close $65.79 Range $53.36 - $78.37

Q3 2022

Shares 560,170 Value ($000) $34,704 Avg Close $63.25 Range $50.98 - $71.82

Q2 2022

Shares 544,164 Value ($000) $30,941 Avg Close $61.93 Range $48.02 - $76.43

Q1 2022

Shares 59,889 Value ($000) $4,865 Avg Close $68.19 Range $58.16 - $74.64

Q4 2021

Shares 44,406 Value ($000) $3,609 Avg Close $71.78 Range $63.89 - $79.37

Q3 2021

Shares 39,466 Value ($000) $2,914 Avg Close $63.14 Range $53.28 - $71.08

Q2 2021

Shares 37,699 Value ($000) $2,397 Avg Close $48.65 Range $43.84 - $56.33

Q1 2021

Shares 34,879 Value ($000) $1,954 Avg Close $43.40 Range $38.27 - $49.81

Q4 2020

Shares 22,230 Value ($000) $1,046 Avg Close $38.71 Range $34.00 - $42.95

Q3 2020

Shares 21,510 Value ($000) $869 Avg Close $33.84 Range $32.04 - $35.87

Q2 2020

Shares 23,220 Value ($000) $922 Avg Close $29.64 Range $23.86 - $34.59

Q1 2020

Shares 28,818 Value ($000) $891 Avg Close $28.96 Range $16.91 - $34.62

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	5,987,733	$968	$154.95	$138.30 - $180.02
Q3 2025	7,570,069	$1,210	$178.28	$153.51 - $192.79
Q2 2025	6,253,020	$1,083	$155.27	$108.50 - $173.43
Q1 2025	1,414,055	$207	$168.35	$134.55 - $195.10
Q4 2024	1,588,173	$281	$165.33	$147.85 - $179.17
Q3 2024	1,719,428	$268	$139.75	$123.15 - $154.86
Q2 2024	1,734,896	$231	$130.61	$119.64 - $143.42
Q1 2024	3,961,843	$527	$121.35	$107.05 - $132.34
Q4 2023	4,113,862	$489	$102.46	$90.47 - $114.79
Q3 2023	1,114,998	$115	$94.74	$86.95 - $101.18
Q2 2023	1,179,759	$114	$80.33	$72.34 - $91.06
Q1 2023	1,502,659	$125	$73.16	$61.80 - $80.36
Q4 2022	579,984	$40	$65.79	$53.36 - $78.37
Q3 2022	560,170	$34,704	$63.25	$50.98 - $71.82
Q2 2022	544,164	$30,941	$61.93	$48.02 - $76.43
Q1 2022	59,889	$4,865	$68.19	$58.16 - $74.64
Q4 2021	44,406	$3,609	$71.78	$63.89 - $79.37
Q3 2021	39,466	$2,914	$63.14	$53.28 - $71.08
Q2 2021	37,699	$2,397	$48.65	$43.84 - $56.33
Q1 2021	34,879	$1,954	$43.40	$38.27 - $49.81
Q4 2020	22,230	$1,046	$38.71	$34.00 - $42.95
Q3 2020	21,510	$869	$33.84	$32.04 - $35.87
Q2 2020	23,220	$922	$29.64	$23.86 - $34.59
Q1 2020	28,818	$891	$28.96	$16.91 - $34.62