ARES MANAGEMENT CORPORATION

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

MML INVESTORS SERVICES, LLC's Holding History (CIK: 0000701059)

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

Q4 2025

Shares 32,182 Value ($000) $5,202 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 30,210 Value ($000) $4,830 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 36,725 Value ($000) $6 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 40,810 Value ($000) $6 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 41,758 Value ($000) $7 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 46,999 Value ($000) $7 Avg Close $139.75 Range $123.15 - $154.86

Q2 2024

Shares 40,641 Value ($000) $5 Avg Close $130.61 Range $119.64 - $143.42

Q1 2024

Shares 42,323 Value ($000) $6 Avg Close $121.35 Range $107.05 - $132.34

Q4 2023

Shares 47,482 Value ($000) $6 Avg Close $102.46 Range $90.47 - $114.79

Q3 2023

Shares 47,815 Value ($000) $5 Avg Close $94.74 Range $86.95 - $101.18

Q2 2023

Shares 50,235 Value ($000) $5 Avg Close $80.33 Range $72.34 - $91.06

Q1 2023

Shares 50,945 Value ($000) $4 Avg Close $73.16 Range $61.80 - $80.36

Q4 2022

Shares 53,102 Value ($000) $4 Avg Close $65.79 Range $53.36 - $78.37

Q3 2022

Shares 55,403 Value ($000) $3,432 Avg Close $63.25 Range $50.98 - $71.82

Q2 2022

Shares 55,457 Value ($000) $3,153 Avg Close $61.93 Range $48.02 - $76.43

Q1 2022

Shares 57,101 Value ($000) $4,638 Avg Close $68.19 Range $58.16 - $74.64

Q4 2021

Shares 64,018 Value ($000) $5,203 Avg Close $71.78 Range $63.89 - $79.37

Q3 2021

Shares 61,328 Value ($000) $4,528 Avg Close $63.14 Range $53.28 - $71.08

Q2 2021

Shares 64,914 Value ($000) $4,128 Avg Close $48.65 Range $43.84 - $56.33

Q1 2021

Shares 59,615 Value ($000) $3,340 Avg Close $43.40 Range $38.27 - $49.81

Q4 2020

Shares 51,302 Value ($000) $2,414 Avg Close $38.71 Range $34.00 - $42.95

Q3 2020

Shares 40,419 Value ($000) $1,634 Avg Close $33.84 Range $32.04 - $35.87

Q2 2020

Shares 29,676 Value ($000) $1,178 Avg Close $29.64 Range $23.86 - $34.59

Q1 2020

Shares 15,863 Value ($000) $491 Avg Close $28.96 Range $16.91 - $34.62

Q4 2019

Shares 8,863 Value ($000) $316 Avg Close $25.48 Range $21.03 - $29.79

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	32,182	$5,202	$154.95	$138.30 - $180.02
Q3 2025	30,210	$4,830	$178.28	$153.51 - $192.79
Q2 2025	36,725	$6	$155.27	$108.50 - $173.43
Q1 2025	40,810	$6	$168.35	$134.55 - $195.10
Q4 2024	41,758	$7	$165.33	$147.85 - $179.17
Q3 2024	46,999	$7	$139.75	$123.15 - $154.86
Q2 2024	40,641	$5	$130.61	$119.64 - $143.42
Q1 2024	42,323	$6	$121.35	$107.05 - $132.34
Q4 2023	47,482	$6	$102.46	$90.47 - $114.79
Q3 2023	47,815	$5	$94.74	$86.95 - $101.18
Q2 2023	50,235	$5	$80.33	$72.34 - $91.06
Q1 2023	50,945	$4	$73.16	$61.80 - $80.36
Q4 2022	53,102	$4	$65.79	$53.36 - $78.37
Q3 2022	55,403	$3,432	$63.25	$50.98 - $71.82
Q2 2022	55,457	$3,153	$61.93	$48.02 - $76.43
Q1 2022	57,101	$4,638	$68.19	$58.16 - $74.64
Q4 2021	64,018	$5,203	$71.78	$63.89 - $79.37
Q3 2021	61,328	$4,528	$63.14	$53.28 - $71.08
Q2 2021	64,914	$4,128	$48.65	$43.84 - $56.33
Q1 2021	59,615	$3,340	$43.40	$38.27 - $49.81
Q4 2020	51,302	$2,414	$38.71	$34.00 - $42.95
Q3 2020	40,419	$1,634	$33.84	$32.04 - $35.87
Q2 2020	29,676	$1,178	$29.64	$23.86 - $34.59
Q1 2020	15,863	$491	$28.96	$16.91 - $34.62
Q4 2019	8,863	$316	$25.48	$21.03 - $29.79