ARES MANAGEMENT CORPORATION

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

STIFEL FINANCIAL CORP's Holding History (CIK: 0000720672)

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

Q4 2025

Shares 167,684 Value ($000) $27,104 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 151,293 Value ($000) $24,190 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 153,052 Value ($000) $26,509 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 147,229 Value ($000) $21,585 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 155,316 Value ($000) $27,496 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 152,000 Value ($000) $23,688 Avg Close $139.75 Range $123.15 - $154.86

Q2 2024

Shares 137,332 Value ($000) $18,304 Avg Close $130.61 Range $119.64 - $143.42

Q1 2024

Shares 126,074 Value ($000) $16,765 Avg Close $121.35 Range $107.05 - $132.34

Q4 2023

Shares 93,586 Value ($000) $11,129 Avg Close $102.46 Range $90.47 - $114.79

Q3 2023

Shares 60,303 Value ($000) $6,203 Avg Close $94.74 Range $86.95 - $101.18

Q2 2023

Shares 60,666 Value ($000) $5,845 Avg Close $80.33 Range $72.34 - $91.06

Q1 2023

Shares 47,370 Value ($000) $3,952 Avg Close $73.16 Range $61.80 - $80.36

Q4 2022

Shares 44,789 Value ($000) $3,065 Avg Close $65.79 Range $53.36 - $78.37

Q3 2022

Shares 60,437 Value ($000) $3,744 Avg Close $63.25 Range $50.98 - $71.82

Q2 2022

Shares 45,832 Value ($000) $2,606 Avg Close $61.93 Range $48.02 - $76.43

Q1 2022

Shares 43,031 Value ($000) $3,495 Avg Close $68.19 Range $58.16 - $74.64

Q4 2021

Shares 92,826 Value ($000) $7,544 Avg Close $71.78 Range $63.89 - $79.37

Q3 2021

Shares 98,240 Value ($000) $7,253 Avg Close $63.14 Range $53.28 - $71.08

Q2 2021

Shares 69,179 Value ($000) $4,399 Avg Close $48.65 Range $43.84 - $56.33

Q1 2021

Shares 87,843 Value ($000) $4,922 Avg Close $43.40 Range $38.27 - $49.81

Q4 2020

Shares 60,144 Value ($000) $2,830 Avg Close $38.71 Range $34.00 - $42.95

Q3 2020

Shares 68,233 Value ($000) $2,758 Avg Close $33.84 Range $32.04 - $35.87

Q2 2020

Shares 23,556 Value ($000) $935 Avg Close $29.64 Range $23.86 - $34.59

Q1 2020

Shares 25,651 Value ($000) $787 Avg Close $28.96 Range $16.91 - $34.62

Q4 2019

Shares 25,629 Value ($000) $912 Avg Close $25.48 Range $21.03 - $29.79

Q3 2019

Shares 25,119 Value ($000) $669 Avg Close $23.22 Range $21.31 - $25.41

Q2 2019

Shares 14,937 Value ($000) $389 Avg Close $20.37 Range $18.53 - $23.16

Q1 2019

Shares 25,885 Value ($000) $602 Avg Close $17.30 Range $13.35 - $19.34

Q4 2018

Shares 21,163 Value ($000) $376 Avg Close $16.38 Range $12.78 - $18.30

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	167,684	$27,104	$154.95	$138.30 - $180.02
Q3 2025	151,293	$24,190	$178.28	$153.51 - $192.79
Q2 2025	153,052	$26,509	$155.27	$108.50 - $173.43
Q1 2025	147,229	$21,585	$168.35	$134.55 - $195.10
Q4 2024	155,316	$27,496	$165.33	$147.85 - $179.17
Q3 2024	152,000	$23,688	$139.75	$123.15 - $154.86
Q2 2024	137,332	$18,304	$130.61	$119.64 - $143.42
Q1 2024	126,074	$16,765	$121.35	$107.05 - $132.34
Q4 2023	93,586	$11,129	$102.46	$90.47 - $114.79
Q3 2023	60,303	$6,203	$94.74	$86.95 - $101.18
Q2 2023	60,666	$5,845	$80.33	$72.34 - $91.06
Q1 2023	47,370	$3,952	$73.16	$61.80 - $80.36
Q4 2022	44,789	$3,065	$65.79	$53.36 - $78.37
Q3 2022	60,437	$3,744	$63.25	$50.98 - $71.82
Q2 2022	45,832	$2,606	$61.93	$48.02 - $76.43
Q1 2022	43,031	$3,495	$68.19	$58.16 - $74.64
Q4 2021	92,826	$7,544	$71.78	$63.89 - $79.37
Q3 2021	98,240	$7,253	$63.14	$53.28 - $71.08
Q2 2021	69,179	$4,399	$48.65	$43.84 - $56.33
Q1 2021	87,843	$4,922	$43.40	$38.27 - $49.81
Q4 2020	60,144	$2,830	$38.71	$34.00 - $42.95
Q3 2020	68,233	$2,758	$33.84	$32.04 - $35.87
Q2 2020	23,556	$935	$29.64	$23.86 - $34.59
Q1 2020	25,651	$787	$28.96	$16.91 - $34.62
Q4 2019	25,629	$912	$25.48	$21.03 - $29.79
Q3 2019	25,119	$669	$23.22	$21.31 - $25.41
Q2 2019	14,937	$389	$20.37	$18.53 - $23.16
Q1 2019	25,885	$602	$17.30	$13.35 - $19.34
Q4 2018	21,163	$376	$16.38	$12.78 - $18.30