ARES MANAGEMENT CORPORATION

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

Fulcrum Asset Management LLP's Holding History (CIK: 0001353395)

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

Q4 2025

Shares 15,561 Value ($000) $2,540 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 15,278 Value ($000) $2,443 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 15,282 Value ($000) $2,647 Avg Close $155.27 Range $108.50 - $173.43

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	15,561	$2,540	$154.95	$138.30 - $180.02
Q3 2025	15,278	$2,443	$178.28	$153.51 - $192.79
Q2 2025	15,282	$2,647	$155.27	$108.50 - $173.43