ARES MANAGEMENT CORPORATION

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

BLAIR WILLIAM & CO/IL's Holding History (CIK: 0000902367)

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

Q4 2025

Shares 122,935 Value ($000) $19,870 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 96,523 Value ($000) $15,433 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 95,794 Value ($000) $16,592 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 95,262 Value ($000) $13,966 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 94,093 Value ($000) $16,657 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 76,213 Value ($000) $11,877 Avg Close $139.75 Range $123.15 - $154.86

Q2 2024

Shares 67,377 Value ($000) $8,980 Avg Close $130.61 Range $119.64 - $143.42

Q1 2024

Shares 65,144 Value ($000) $8,663 Avg Close $121.35 Range $107.05 - $132.34

Q4 2023

Shares 59,455 Value ($000) $7,070 Avg Close $102.46 Range $90.47 - $114.79

Q3 2023

Shares 54,114 Value ($000) $5,567 Avg Close $94.74 Range $86.95 - $101.18

Q2 2023

Shares 55,410 Value ($000) $5,339 Avg Close $80.33 Range $72.34 - $91.06

Q1 2023

Shares 54,699 Value ($000) $4,564 Avg Close $73.16 Range $61.80 - $80.36

Q4 2022

Shares 19,400 Value ($000) $1,328 Avg Close $65.79 Range $53.36 - $78.37

Q3 2022

Shares 20,435 Value ($000) $1,266 Avg Close $63.25 Range $50.98 - $71.82

Q2 2022

Shares 20,487 Value ($000) $1,165 Avg Close $61.93 Range $48.02 - $76.43

Q1 2022

Shares 21,545 Value ($000) $1,750 Avg Close $68.19 Range $58.16 - $74.64

Q4 2021

Shares 14,401 Value ($000) $1,170 Avg Close $71.78 Range $63.89 - $79.37

Q3 2021

Shares 15,552 Value ($000) $1,148 Avg Close $63.14 Range $53.28 - $71.08

Q2 2021

Shares 15,282 Value ($000) $972 Avg Close $48.65 Range $43.84 - $56.33

Q1 2021

Shares 17,019 Value ($000) $954 Avg Close $43.40 Range $38.27 - $49.81

Q4 2020

Shares 18,036 Value ($000) $849 Avg Close $38.71 Range $34.00 - $42.95

Q3 2020

Shares 19,303 Value ($000) $780 Avg Close $33.84 Range $32.04 - $35.87

Q2 2020

Shares 17,092 Value ($000) $679 Avg Close $29.64 Range $23.86 - $34.59

Q1 2020

Shares 12,317 Value ($000) $381 Avg Close $28.96 Range $16.91 - $34.62

Q4 2019

Shares 12,333 Value ($000) $440 Avg Close $25.48 Range $21.03 - $29.79

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	122,935	$19,870	$154.95	$138.30 - $180.02
Q3 2025	96,523	$15,433	$178.28	$153.51 - $192.79
Q2 2025	95,794	$16,592	$155.27	$108.50 - $173.43
Q1 2025	95,262	$13,966	$168.35	$134.55 - $195.10
Q4 2024	94,093	$16,657	$165.33	$147.85 - $179.17
Q3 2024	76,213	$11,877	$139.75	$123.15 - $154.86
Q2 2024	67,377	$8,980	$130.61	$119.64 - $143.42
Q1 2024	65,144	$8,663	$121.35	$107.05 - $132.34
Q4 2023	59,455	$7,070	$102.46	$90.47 - $114.79
Q3 2023	54,114	$5,567	$94.74	$86.95 - $101.18
Q2 2023	55,410	$5,339	$80.33	$72.34 - $91.06
Q1 2023	54,699	$4,564	$73.16	$61.80 - $80.36
Q4 2022	19,400	$1,328	$65.79	$53.36 - $78.37
Q3 2022	20,435	$1,266	$63.25	$50.98 - $71.82
Q2 2022	20,487	$1,165	$61.93	$48.02 - $76.43
Q1 2022	21,545	$1,750	$68.19	$58.16 - $74.64
Q4 2021	14,401	$1,170	$71.78	$63.89 - $79.37
Q3 2021	15,552	$1,148	$63.14	$53.28 - $71.08
Q2 2021	15,282	$972	$48.65	$43.84 - $56.33
Q1 2021	17,019	$954	$43.40	$38.27 - $49.81
Q4 2020	18,036	$849	$38.71	$34.00 - $42.95
Q3 2020	19,303	$780	$33.84	$32.04 - $35.87
Q2 2020	17,092	$679	$29.64	$23.86 - $34.59
Q1 2020	12,317	$381	$28.96	$16.91 - $34.62
Q4 2019	12,333	$440	$25.48	$21.03 - $29.79