ARES MANAGEMENT CORPORATION

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

LPL Financial LLC's Holding History (CIK: 0001403438)

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

Q4 2025

Shares 164,109 Value ($000) $26,525 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 166,034 Value ($000) $26,547 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 151,347 Value ($000) $26,213 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 136,497 Value ($000) $20,012 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 115,176 Value ($000) $20,390 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 99,175 Value ($000) $15,455 Avg Close $139.75 Range $123.15 - $154.86

Q2 2024

Shares 63,492 Value ($000) $8,462 Avg Close $130.61 Range $119.64 - $143.42

Q1 2024

Shares 54,684 Value ($000) $7,272 Avg Close $121.35 Range $107.05 - $132.34

Q4 2023

Shares 53,358 Value ($000) $6,345 Avg Close $102.46 Range $90.47 - $114.79

Q3 2023

Shares 48,714 Value ($000) $5,011 Avg Close $94.74 Range $86.95 - $101.18

Q2 2023

Shares 43,451 Value ($000) $4,187 Avg Close $80.33 Range $72.34 - $91.06

Q1 2023

Shares 40,567 Value ($000) $3,385 Avg Close $73.16 Range $61.80 - $80.36

Q4 2022

Shares 38,164 Value ($000) $2,612 Avg Close $65.79 Range $53.36 - $78.37

Q3 2022

Shares 35,704 Value ($000) $2,212 Avg Close $63.25 Range $50.98 - $71.82

Q2 2022

Shares 36,539 Value ($000) $2,078 Avg Close $61.93 Range $48.02 - $76.43

Q1 2022

Shares 36,519 Value ($000) $2,966 Avg Close $68.19 Range $58.16 - $74.64

Q4 2021

Shares 33,376 Value ($000) $2,712 Avg Close $71.78 Range $63.89 - $79.37

Q3 2021

Shares 21,273 Value ($000) $1,571 Avg Close $63.14 Range $53.28 - $71.08

Q2 2021

Shares 16,336 Value ($000) $1,039 Avg Close $48.65 Range $43.84 - $56.33

Q1 2021

Shares 14,082 Value ($000) $789 Avg Close $43.40 Range $38.27 - $49.81

Q4 2020

Shares 19,036 Value ($000) $896 Avg Close $38.71 Range $34.00 - $42.95

Q3 2020

Shares 16,538 Value ($000) $668 Avg Close $33.84 Range $32.04 - $35.87

Q2 2020

Shares 5,593 Value ($000) $222 Avg Close $29.64 Range $23.86 - $34.59

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	164,109	$26,525	$154.95	$138.30 - $180.02
Q3 2025	166,034	$26,547	$178.28	$153.51 - $192.79
Q2 2025	151,347	$26,213	$155.27	$108.50 - $173.43
Q1 2025	136,497	$20,012	$168.35	$134.55 - $195.10
Q4 2024	115,176	$20,390	$165.33	$147.85 - $179.17
Q3 2024	99,175	$15,455	$139.75	$123.15 - $154.86
Q2 2024	63,492	$8,462	$130.61	$119.64 - $143.42
Q1 2024	54,684	$7,272	$121.35	$107.05 - $132.34
Q4 2023	53,358	$6,345	$102.46	$90.47 - $114.79
Q3 2023	48,714	$5,011	$94.74	$86.95 - $101.18
Q2 2023	43,451	$4,187	$80.33	$72.34 - $91.06
Q1 2023	40,567	$3,385	$73.16	$61.80 - $80.36
Q4 2022	38,164	$2,612	$65.79	$53.36 - $78.37
Q3 2022	35,704	$2,212	$63.25	$50.98 - $71.82
Q2 2022	36,539	$2,078	$61.93	$48.02 - $76.43
Q1 2022	36,519	$2,966	$68.19	$58.16 - $74.64
Q4 2021	33,376	$2,712	$71.78	$63.89 - $79.37
Q3 2021	21,273	$1,571	$63.14	$53.28 - $71.08
Q2 2021	16,336	$1,039	$48.65	$43.84 - $56.33
Q1 2021	14,082	$789	$43.40	$38.27 - $49.81
Q4 2020	19,036	$896	$38.71	$34.00 - $42.95
Q3 2020	16,538	$668	$33.84	$32.04 - $35.87
Q2 2020	5,593	$222	$29.64	$23.86 - $34.59