ARES MANAGEMENT CORPORATION

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

Rafferty Asset Management, LLC's Holding History (CIK: 0001389426)

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

Q4 2025

Shares 62,853 Value ($000) $10,159 Avg Close $154.95 Range $138.30 - $180.02

Q2 2022

Shares 48,176 Value ($000) $2,739 Avg Close $61.93 Range $48.02 - $76.43

Q1 2022

Shares 71,472 Value ($000) $5,806 Avg Close $68.19 Range $58.16 - $74.64

Q4 2021

Shares 74,927 Value ($000) $6,089 Avg Close $71.78 Range $63.89 - $79.37

Q3 2021

Shares 66,030 Value ($000) $4,875 Avg Close $63.14 Range $53.28 - $71.08

Q2 2021

Shares 77,868 Value ($000) $4,952 Avg Close $48.65 Range $43.84 - $56.33

Q1 2021

Shares 49,429 Value ($000) $2,770 Avg Close $43.40 Range $38.27 - $49.81

Q4 2020

Shares 40,674 Value ($000) $1,914 Avg Close $38.71 Range $34.00 - $42.95

Q3 2020

Shares 33,869 Value ($000) $1,369 Avg Close $33.84 Range $32.04 - $35.87

Q2 2020

Shares 20,188 Value ($000) $801 Avg Close $29.64 Range $23.86 - $34.59

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	62,853	$10,159	$154.95	$138.30 - $180.02
Q2 2022	48,176	$2,739	$61.93	$48.02 - $76.43
Q1 2022	71,472	$5,806	$68.19	$58.16 - $74.64
Q4 2021	74,927	$6,089	$71.78	$63.89 - $79.37
Q3 2021	66,030	$4,875	$63.14	$53.28 - $71.08
Q2 2021	77,868	$4,952	$48.65	$43.84 - $56.33
Q1 2021	49,429	$2,770	$43.40	$38.27 - $49.81
Q4 2020	40,674	$1,914	$38.71	$34.00 - $42.95
Q3 2020	33,869	$1,369	$33.84	$32.04 - $35.87
Q2 2020	20,188	$801	$29.64	$23.86 - $34.59