ARES MANAGEMENT CORPORATION

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

NEW YORK STATE COMMON RETIREMENT FUND's Holding History (CIK: 0000810265)

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

Q4 2025

Shares 98,148 Value ($000) $15,864 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 98,348 Value ($000) $15,725 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 97,848 Value ($000) $16,947 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 96,348 Value ($000) $14,126 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 97,848 Value ($000) $17,322 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 102,348 Value ($000) $15,950 Avg Close $139.75 Range $123.15 - $154.86

Q2 2024

Shares 161,348 Value ($000) $21,504 Avg Close $130.61 Range $119.64 - $143.42

Q1 2024

Shares 271,886 Value ($000) $36,155 Avg Close $121.35 Range $107.05 - $132.34

Q4 2023

Shares 423,508 Value ($000) $50,364 Avg Close $102.46 Range $90.47 - $114.79

Q3 2023

Shares 324,175 Value ($000) $33,348 Avg Close $94.74 Range $86.95 - $101.18

Q2 2023

Shares 352,200 Value ($000) $33,934 Avg Close $80.33 Range $72.34 - $91.06

Q1 2023

Shares 358,454 Value ($000) $29,909 Avg Close $73.16 Range $61.80 - $80.36

Q4 2022

Shares 375,285 Value ($000) $25,685 Avg Close $65.79 Range $53.36 - $78.37

Q3 2022

Shares 380,748 Value ($000) $23,587 Avg Close $63.25 Range $50.98 - $71.82

Q2 2022

Shares 379,902 Value ($000) $21,601 Avg Close $61.93 Range $48.02 - $76.43

Q1 2022

Shares 333,991 Value ($000) $27,130 Avg Close $68.19 Range $58.16 - $74.64

Q4 2021

Shares 331,212 Value ($000) $26,918 Avg Close $71.78 Range $63.89 - $79.37

Q3 2021

Shares 326,386 Value ($000) $24,097 Avg Close $63.14 Range $53.28 - $71.08

Q2 2021

Shares 179,696 Value ($000) $11,427 Avg Close $48.65 Range $43.84 - $56.33

Q1 2021

Shares 114,300 Value ($000) $6,404 Avg Close $43.40 Range $38.27 - $49.81

Q4 2020

Shares 128,300 Value ($000) $6,037 Avg Close $38.71 Range $34.00 - $42.95

Q3 2020

Shares 142,400 Value ($000) $5,756 Avg Close $33.84 Range $32.04 - $35.87

Q2 2020

Shares 141,800 Value ($000) $5,629 Avg Close $29.64 Range $23.86 - $34.59

Q1 2020

Shares 64,300 Value ($000) $1,989 Avg Close $28.96 Range $16.91 - $34.62

Q4 2019

Shares 64,300 Value ($000) $2,295 Avg Close $25.48 Range $21.03 - $29.79

Q3 2019

Shares 69,500 Value ($000) $1,863 Avg Close $23.22 Range $21.31 - $25.41

Q2 2019

Shares 66,000 Value ($000) $1,727 Avg Close $20.37 Range $18.53 - $23.16

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	98,148	$15,864	$154.95	$138.30 - $180.02
Q3 2025	98,348	$15,725	$178.28	$153.51 - $192.79
Q2 2025	97,848	$16,947	$155.27	$108.50 - $173.43
Q1 2025	96,348	$14,126	$168.35	$134.55 - $195.10
Q4 2024	97,848	$17,322	$165.33	$147.85 - $179.17
Q3 2024	102,348	$15,950	$139.75	$123.15 - $154.86
Q2 2024	161,348	$21,504	$130.61	$119.64 - $143.42
Q1 2024	271,886	$36,155	$121.35	$107.05 - $132.34
Q4 2023	423,508	$50,364	$102.46	$90.47 - $114.79
Q3 2023	324,175	$33,348	$94.74	$86.95 - $101.18
Q2 2023	352,200	$33,934	$80.33	$72.34 - $91.06
Q1 2023	358,454	$29,909	$73.16	$61.80 - $80.36
Q4 2022	375,285	$25,685	$65.79	$53.36 - $78.37
Q3 2022	380,748	$23,587	$63.25	$50.98 - $71.82
Q2 2022	379,902	$21,601	$61.93	$48.02 - $76.43
Q1 2022	333,991	$27,130	$68.19	$58.16 - $74.64
Q4 2021	331,212	$26,918	$71.78	$63.89 - $79.37
Q3 2021	326,386	$24,097	$63.14	$53.28 - $71.08
Q2 2021	179,696	$11,427	$48.65	$43.84 - $56.33
Q1 2021	114,300	$6,404	$43.40	$38.27 - $49.81
Q4 2020	128,300	$6,037	$38.71	$34.00 - $42.95
Q3 2020	142,400	$5,756	$33.84	$32.04 - $35.87
Q2 2020	141,800	$5,629	$29.64	$23.86 - $34.59
Q1 2020	64,300	$1,989	$28.96	$16.91 - $34.62
Q4 2019	64,300	$2,295	$25.48	$21.03 - $29.79
Q3 2019	69,500	$1,863	$23.22	$21.31 - $25.41
Q2 2019	66,000	$1,727	$20.37	$18.53 - $23.16