ARES MANAGEMENT CORPORATION

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

STEPHENS INC /AR/'s Holding History (CIK: 0000757657)

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

Q4 2025

Shares 55,213 Value ($000) $8,924 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 60,758 Value ($000) $9,715 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 59,413 Value ($000) $10,290 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 57,157 Value ($000) $8,380 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 55,307 Value ($000) $9,791 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 55,686 Value ($000) $8,678 Avg Close $139.75 Range $123.15 - $154.86

Q2 2024

Shares 53,793 Value ($000) $7,169 Avg Close $130.61 Range $119.64 - $143.42

Q1 2024

Shares 70,005 Value ($000) $9,309 Avg Close $121.35 Range $107.05 - $132.34

Q4 2023

Shares 69,128 Value ($000) $8,221 Avg Close $102.46 Range $90.47 - $114.79

Q3 2023

Shares 65,177 Value ($000) $6,705 Avg Close $94.74 Range $86.95 - $101.18

Q2 2023

Shares 46,207 Value ($000) $4,452 Avg Close $80.33 Range $72.34 - $91.06

Q1 2023

Shares 44,317 Value ($000) $3,698 Avg Close $73.16 Range $61.80 - $80.36

Q4 2022

Shares 47,376 Value ($000) $3,242 Avg Close $65.79 Range $53.36 - $78.37

Q3 2022

Shares 52,159 Value ($000) $3,231 Avg Close $63.25 Range $50.98 - $71.82

Q2 2022

Shares 51,243 Value ($000) $2,914 Avg Close $61.93 Range $48.02 - $76.43

Q1 2022

Shares 55,265 Value ($000) $4,489 Avg Close $68.19 Range $58.16 - $74.64

Q4 2021

Shares 48,957 Value ($000) $3,979 Avg Close $71.78 Range $63.89 - $79.37

Q3 2021

Shares 28,000 Value ($000) $2,067 Avg Close $63.14 Range $53.28 - $71.08

Q2 2021

Shares 28,275 Value ($000) $1,798 Avg Close $48.65 Range $43.84 - $56.33

Q1 2021

Shares 27,575 Value ($000) $1,545 Avg Close $43.40 Range $38.27 - $49.81

Q4 2020

Shares 27,725 Value ($000) $1,304 Avg Close $38.71 Range $34.00 - $42.95

Q3 2020

Shares 26,225 Value ($000) $1,060 Avg Close $33.84 Range $32.04 - $35.87

Q2 2020

Shares 19,415 Value ($000) $771 Avg Close $29.64 Range $23.86 - $34.59

Q1 2020

Shares 27,915 Value ($000) $863 Avg Close $28.96 Range $16.91 - $34.62

Q4 2019

Shares 27,415 Value ($000) $978 Avg Close $25.48 Range $21.03 - $29.79

Q3 2019

Shares 25,500 Value ($000) $684 Avg Close $23.22 Range $21.31 - $25.41

Q2 2019

Shares 25,125 Value ($000) $658 Avg Close $20.37 Range $18.53 - $23.16

Q1 2019

Shares 23,625 Value ($000) $548 Avg Close $17.30 Range $13.35 - $19.34

Q4 2018

Shares 23,625 Value ($000) $420 Avg Close $16.38 Range $12.78 - $18.30

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	55,213	$8,924	$154.95	$138.30 - $180.02
Q3 2025	60,758	$9,715	$178.28	$153.51 - $192.79
Q2 2025	59,413	$10,290	$155.27	$108.50 - $173.43
Q1 2025	57,157	$8,380	$168.35	$134.55 - $195.10
Q4 2024	55,307	$9,791	$165.33	$147.85 - $179.17
Q3 2024	55,686	$8,678	$139.75	$123.15 - $154.86
Q2 2024	53,793	$7,169	$130.61	$119.64 - $143.42
Q1 2024	70,005	$9,309	$121.35	$107.05 - $132.34
Q4 2023	69,128	$8,221	$102.46	$90.47 - $114.79
Q3 2023	65,177	$6,705	$94.74	$86.95 - $101.18
Q2 2023	46,207	$4,452	$80.33	$72.34 - $91.06
Q1 2023	44,317	$3,698	$73.16	$61.80 - $80.36
Q4 2022	47,376	$3,242	$65.79	$53.36 - $78.37
Q3 2022	52,159	$3,231	$63.25	$50.98 - $71.82
Q2 2022	51,243	$2,914	$61.93	$48.02 - $76.43
Q1 2022	55,265	$4,489	$68.19	$58.16 - $74.64
Q4 2021	48,957	$3,979	$71.78	$63.89 - $79.37
Q3 2021	28,000	$2,067	$63.14	$53.28 - $71.08
Q2 2021	28,275	$1,798	$48.65	$43.84 - $56.33
Q1 2021	27,575	$1,545	$43.40	$38.27 - $49.81
Q4 2020	27,725	$1,304	$38.71	$34.00 - $42.95
Q3 2020	26,225	$1,060	$33.84	$32.04 - $35.87
Q2 2020	19,415	$771	$29.64	$23.86 - $34.59
Q1 2020	27,915	$863	$28.96	$16.91 - $34.62
Q4 2019	27,415	$978	$25.48	$21.03 - $29.79
Q3 2019	25,500	$684	$23.22	$21.31 - $25.41
Q2 2019	25,125	$658	$20.37	$18.53 - $23.16
Q1 2019	23,625	$548	$17.30	$13.35 - $19.34
Q4 2018	23,625	$420	$16.38	$12.78 - $18.30