ARES MANAGEMENT CORPORATION

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

MASSACHUSETTS FINANCIAL SERVICES CO /MA/'s Holding History (CIK: 0000912938)

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

Q4 2025

Shares 5,705,599 Value ($000) $922,196 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 4,518,425 Value ($000) $722,451 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 4,585,254 Value ($000) $794,166 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 5,023,985 Value ($000) $736,566 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 5,126,442 Value ($000) $907,534 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 5,059,771 Value ($000) $788,515 Avg Close $139.75 Range $123.15 - $154.86

Q2 2024

Shares 5,058,394 Value ($000) $674,183 Avg Close $130.61 Range $119.64 - $143.42

Q1 2024

Shares 3,190,461 Value ($000) $424,268 Avg Close $121.35 Range $107.05 - $132.34

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	5,705,599	$922,196	$154.95	$138.30 - $180.02
Q3 2025	4,518,425	$722,451	$178.28	$153.51 - $192.79
Q2 2025	4,585,254	$794,166	$155.27	$108.50 - $173.43
Q1 2025	5,023,985	$736,566	$168.35	$134.55 - $195.10
Q4 2024	5,126,442	$907,534	$165.33	$147.85 - $179.17
Q3 2024	5,059,771	$788,515	$139.75	$123.15 - $154.86
Q2 2024	5,058,394	$674,183	$130.61	$119.64 - $143.42
Q1 2024	3,190,461	$424,268	$121.35	$107.05 - $132.34