ARES MANAGEMENT CORPORATION

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

ROYAL LONDON ASSET MANAGEMENT LTD's Holding History (CIK: 0000863748)

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

Q4 2025

Shares 159,059 Value ($000) $25,709 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 160,634 Value ($000) $25,684 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 141,714 Value ($000) $24,545 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 145,812 Value ($000) $21,377 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 136,436 Value ($000) $24,153 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 123,592 Value ($000) $19,261 Avg Close $139.75 Range $123.15 - $154.86

Q2 2024

Shares 115,261 Value ($000) $15,362 Avg Close $130.61 Range $119.64 - $143.42

Q1 2024

Shares 110,760 Value ($000) $14,729 Avg Close $121.35 Range $107.05 - $132.34

Q4 2023

Shares 48,846 Value ($000) $5,809 Avg Close $102.46 Range $90.47 - $114.79

Q3 2023

Shares 54,874 Value ($000) $5,646 Avg Close $94.74 Range $86.95 - $101.18

Q2 2023

Shares 7,017 Value ($000) $676 Avg Close $80.33 Range $72.34 - $91.06

Q1 2023

Shares 7,017 Value ($000) $585 Avg Close $73.16 Range $61.80 - $80.36

Q4 2022

Shares 4,361 Value ($000) $298 Avg Close $65.79 Range $53.36 - $78.37

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	159,059	$25,709	$154.95	$138.30 - $180.02
Q3 2025	160,634	$25,684	$178.28	$153.51 - $192.79
Q2 2025	141,714	$24,545	$155.27	$108.50 - $173.43
Q1 2025	145,812	$21,377	$168.35	$134.55 - $195.10
Q4 2024	136,436	$24,153	$165.33	$147.85 - $179.17
Q3 2024	123,592	$19,261	$139.75	$123.15 - $154.86
Q2 2024	115,261	$15,362	$130.61	$119.64 - $143.42
Q1 2024	110,760	$14,729	$121.35	$107.05 - $132.34
Q4 2023	48,846	$5,809	$102.46	$90.47 - $114.79
Q3 2023	54,874	$5,646	$94.74	$86.95 - $101.18
Q2 2023	7,017	$676	$80.33	$72.34 - $91.06
Q1 2023	7,017	$585	$73.16	$61.80 - $80.36
Q4 2022	4,361	$298	$65.79	$53.36 - $78.37