ARES MANAGEMENT CORPORATION

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

NORDEA INVESTMENT MANAGEMENT AB's Holding History (CIK: 0001218210)

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

Q4 2025

Shares 48,748 Value ($000) $7,948 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 53,957 Value ($000) $8,472 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 50,228 Value ($000) $8,706 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 15,183 Value ($000) $2,176 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 15,118 Value ($000) $2,686 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 13,182 Value ($000) $2,058 Avg Close $139.75 Range $123.15 - $154.86

Q2 2024

Shares 13,182 Value ($000) $1,790 Avg Close $130.61 Range $119.64 - $143.42

Q1 2024

Shares 12,492 Value ($000) $1,666 Avg Close $121.35 Range $107.05 - $132.34

Q4 2023

Shares 10,973 Value ($000) $1,310 Avg Close $102.46 Range $90.47 - $114.79

Q3 2023

Shares 10,512 Value ($000) $1,109 Avg Close $94.74 Range $86.95 - $101.18

Q2 2023

Shares 10,310 Value ($000) $1,000 Avg Close $80.33 Range $72.34 - $91.06

Q1 2023

Shares 8,946 Value ($000) $735 Avg Close $73.16 Range $61.80 - $80.36

Q4 2022

Shares 8,946 Value ($000) $610 Avg Close $65.79 Range $53.36 - $78.37

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	48,748	$7,948	$154.95	$138.30 - $180.02
Q3 2025	53,957	$8,472	$178.28	$153.51 - $192.79
Q2 2025	50,228	$8,706	$155.27	$108.50 - $173.43
Q1 2025	15,183	$2,176	$168.35	$134.55 - $195.10
Q4 2024	15,118	$2,686	$165.33	$147.85 - $179.17
Q3 2024	13,182	$2,058	$139.75	$123.15 - $154.86
Q2 2024	13,182	$1,790	$130.61	$119.64 - $143.42
Q1 2024	12,492	$1,666	$121.35	$107.05 - $132.34
Q4 2023	10,973	$1,310	$102.46	$90.47 - $114.79
Q3 2023	10,512	$1,109	$94.74	$86.95 - $101.18
Q2 2023	10,310	$1,000	$80.33	$72.34 - $91.06
Q1 2023	8,946	$735	$73.16	$61.80 - $80.36
Q4 2022	8,946	$610	$65.79	$53.36 - $78.37