ARES MANAGEMENT CORPORATION

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

STRS OHIO's Holding History (CIK: 0000820478)

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

Q4 2025

Shares 161,907 Value ($000) $26,169 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 161,899 Value ($000) $25,886 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 173,797 Value ($000) $30,102 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 179,728 Value ($000) $26,350 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 89,300 Value ($000) $15,809 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 34,300 Value ($000) $5,345 Avg Close $139.75 Range $123.15 - $154.86

Q2 2024

Shares 44,366 Value ($000) $5,913 Avg Close $130.61 Range $119.64 - $143.42

Q1 2024

Shares 43,802 Value ($000) $6 Avg Close $121.35 Range $107.05 - $132.34

Q4 2023

Shares 58,798 Value ($000) $7 Avg Close $102.46 Range $90.47 - $114.79

Q3 2023

Shares 59,818 Value ($000) $6 Avg Close $94.74 Range $86.95 - $101.18

Q2 2023

Shares 49,000 Value ($000) $5 Avg Close $80.33 Range $72.34 - $91.06

Q1 2023

Shares 62,547 Value ($000) $5 Avg Close $73.16 Range $61.80 - $80.36

Q4 2022

Shares 64,000 Value ($000) $4 Avg Close $65.79 Range $53.36 - $78.37

Q3 2022

Shares 64,000 Value ($000) $3,964 Avg Close $63.25 Range $50.98 - $71.82

Q2 2022

Shares 64,000 Value ($000) $3,639 Avg Close $61.93 Range $48.02 - $76.43

Q1 2022

Shares 124,118 Value ($000) $10,082 Avg Close $68.19 Range $58.16 - $74.64

Q4 2021

Shares 184,158 Value ($000) $14,966 Avg Close $71.78 Range $63.89 - $79.37

Q3 2021

Shares 192,143 Value ($000) $14,185 Avg Close $63.14 Range $53.28 - $71.08

Q2 2021

Shares 208,500 Value ($000) $13,258 Avg Close $48.65 Range $43.84 - $56.33

Q1 2021

Shares 214,100 Value ($000) $11,996 Avg Close $43.40 Range $38.27 - $49.81

Q4 2020

Shares 219,100 Value ($000) $10,308 Avg Close $38.71 Range $34.00 - $42.95

Q3 2020

Shares 253,570 Value ($000) $10,249 Avg Close $33.84 Range $32.04 - $35.87

Q2 2020

Shares 147,248 Value ($000) $5,845 Avg Close $29.64 Range $23.86 - $34.59

Q1 2020

Shares 122,500 Value ($000) $3,788 Avg Close $28.96 Range $16.91 - $34.62

Q4 2019

Shares 130,000 Value ($000) $4,639 Avg Close $25.48 Range $21.03 - $29.79

Q3 2019

Shares 98,100 Value ($000) $2,630 Avg Close $23.22 Range $21.31 - $25.41

Q2 2019

Shares 17,200 Value ($000) $450 Avg Close $20.37 Range $18.53 - $23.16

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	161,907	$26,169	$154.95	$138.30 - $180.02
Q3 2025	161,899	$25,886	$178.28	$153.51 - $192.79
Q2 2025	173,797	$30,102	$155.27	$108.50 - $173.43
Q1 2025	179,728	$26,350	$168.35	$134.55 - $195.10
Q4 2024	89,300	$15,809	$165.33	$147.85 - $179.17
Q3 2024	34,300	$5,345	$139.75	$123.15 - $154.86
Q2 2024	44,366	$5,913	$130.61	$119.64 - $143.42
Q1 2024	43,802	$6	$121.35	$107.05 - $132.34
Q4 2023	58,798	$7	$102.46	$90.47 - $114.79
Q3 2023	59,818	$6	$94.74	$86.95 - $101.18
Q2 2023	49,000	$5	$80.33	$72.34 - $91.06
Q1 2023	62,547	$5	$73.16	$61.80 - $80.36
Q4 2022	64,000	$4	$65.79	$53.36 - $78.37
Q3 2022	64,000	$3,964	$63.25	$50.98 - $71.82
Q2 2022	64,000	$3,639	$61.93	$48.02 - $76.43
Q1 2022	124,118	$10,082	$68.19	$58.16 - $74.64
Q4 2021	184,158	$14,966	$71.78	$63.89 - $79.37
Q3 2021	192,143	$14,185	$63.14	$53.28 - $71.08
Q2 2021	208,500	$13,258	$48.65	$43.84 - $56.33
Q1 2021	214,100	$11,996	$43.40	$38.27 - $49.81
Q4 2020	219,100	$10,308	$38.71	$34.00 - $42.95
Q3 2020	253,570	$10,249	$33.84	$32.04 - $35.87
Q2 2020	147,248	$5,845	$29.64	$23.86 - $34.59
Q1 2020	122,500	$3,788	$28.96	$16.91 - $34.62
Q4 2019	130,000	$4,639	$25.48	$21.03 - $29.79
Q3 2019	98,100	$2,630	$23.22	$21.31 - $25.41
Q2 2019	17,200	$450	$20.37	$18.53 - $23.16