ARES MANAGEMENT CORPORATION

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

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

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

Q1 2025

Shares 4,002 Value ($000) $587 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 2,714 Value ($000) $480 Avg Close $165.33 Range $147.85 - $179.17

Q1 2024

Shares 3,787 Value ($000) $504 Avg Close $121.35 Range $107.05 - $132.34

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2025	4,002	$587	$168.35	$134.55 - $195.10
Q4 2024	2,714	$480	$165.33	$147.85 - $179.17
Q1 2024	3,787	$504	$121.35	$107.05 - $132.34