ARES MANAGEMENT CORPORATION

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

KENNEDY CAPITAL MANAGEMENT LLC's Holding History (CIK: 0000884589)

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

Q4 2025

Shares 27,254 Value ($000) $4,405 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 28,016 Value ($000) $4,479 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 61,018 Value ($000) $10,568 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 63,775 Value ($000) $9,350 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 65,070 Value ($000) $11,519 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 67,176 Value ($000) $10,469 Avg Close $139.75 Range $123.15 - $154.86

Q2 2024

Shares 78,406 Value ($000) $10,450 Avg Close $130.61 Range $119.64 - $143.42

Q1 2024

Shares 97,695 Value ($000) $12,991 Avg Close $121.35 Range $107.05 - $132.34

Q4 2023

Shares 96,252 Value ($000) $11,446 Avg Close $102.46 Range $90.47 - $114.79

Q3 2023

Shares 98,160 Value ($000) $10,098 Avg Close $94.74 Range $86.95 - $101.18

Q2 2023

Shares 157,150 Value ($000) $15,141 Avg Close $80.33 Range $72.34 - $91.06

Q1 2023

Shares 95,379 Value ($000) $7,958 Avg Close $73.16 Range $61.80 - $80.36

Q4 2022

Shares 95,050 Value ($000) $6,505 Avg Close $65.79 Range $53.36 - $78.37

Q3 2022

Shares 97,815 Value ($000) $6,060 Avg Close $63.25 Range $50.98 - $71.82

Q2 2022

Shares 96,429 Value ($000) $5,483 Avg Close $61.93 Range $48.02 - $76.43

Q1 2022

Shares 98,400 Value ($000) $7,993 Avg Close $68.19 Range $58.16 - $74.64

Q4 2021

Shares 97,883 Value ($000) $7,955 Avg Close $71.78 Range $63.89 - $79.37

Q3 2021

Shares 120,825 Value ($000) $8,921 Avg Close $63.14 Range $53.28 - $71.08

Q2 2021

Shares 142,441 Value ($000) $9,058 Avg Close $48.65 Range $43.84 - $56.33

Q1 2021

Shares 146,496 Value ($000) $8,208 Avg Close $43.40 Range $38.27 - $49.81

Q4 2020

Shares 150,885 Value ($000) $7,099 Avg Close $38.71 Range $34.00 - $42.95

Q3 2020

Shares 156,179 Value ($000) $6,313 Avg Close $33.84 Range $32.04 - $35.87

Q2 2020

Shares 211,508 Value ($000) $8,397 Avg Close $29.64 Range $23.86 - $34.59

Q1 2020

Shares 220,664 Value ($000) $6,825 Avg Close $28.96 Range $16.91 - $34.62

Q4 2019

Shares 146,011 Value ($000) $5,211 Avg Close $25.48 Range $21.03 - $29.79

Q3 2019

Shares 148,592 Value ($000) $3,984 Avg Close $23.22 Range $21.31 - $25.41

Q2 2019

Shares 150,078 Value ($000) $3,928 Avg Close $20.37 Range $18.53 - $23.16

Q1 2019

Shares 31,011 Value ($000) $720 Avg Close $17.30 Range $13.35 - $19.34

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	27,254	$4,405	$154.95	$138.30 - $180.02
Q3 2025	28,016	$4,479	$178.28	$153.51 - $192.79
Q2 2025	61,018	$10,568	$155.27	$108.50 - $173.43
Q1 2025	63,775	$9,350	$168.35	$134.55 - $195.10
Q4 2024	65,070	$11,519	$165.33	$147.85 - $179.17
Q3 2024	67,176	$10,469	$139.75	$123.15 - $154.86
Q2 2024	78,406	$10,450	$130.61	$119.64 - $143.42
Q1 2024	97,695	$12,991	$121.35	$107.05 - $132.34
Q4 2023	96,252	$11,446	$102.46	$90.47 - $114.79
Q3 2023	98,160	$10,098	$94.74	$86.95 - $101.18
Q2 2023	157,150	$15,141	$80.33	$72.34 - $91.06
Q1 2023	95,379	$7,958	$73.16	$61.80 - $80.36
Q4 2022	95,050	$6,505	$65.79	$53.36 - $78.37
Q3 2022	97,815	$6,060	$63.25	$50.98 - $71.82
Q2 2022	96,429	$5,483	$61.93	$48.02 - $76.43
Q1 2022	98,400	$7,993	$68.19	$58.16 - $74.64
Q4 2021	97,883	$7,955	$71.78	$63.89 - $79.37
Q3 2021	120,825	$8,921	$63.14	$53.28 - $71.08
Q2 2021	142,441	$9,058	$48.65	$43.84 - $56.33
Q1 2021	146,496	$8,208	$43.40	$38.27 - $49.81
Q4 2020	150,885	$7,099	$38.71	$34.00 - $42.95
Q3 2020	156,179	$6,313	$33.84	$32.04 - $35.87
Q2 2020	211,508	$8,397	$29.64	$23.86 - $34.59
Q1 2020	220,664	$6,825	$28.96	$16.91 - $34.62
Q4 2019	146,011	$5,211	$25.48	$21.03 - $29.79
Q3 2019	148,592	$3,984	$23.22	$21.31 - $25.41
Q2 2019	150,078	$3,928	$20.37	$18.53 - $23.16
Q1 2019	31,011	$720	$17.30	$13.35 - $19.34