ARES MANAGEMENT CORPORATION

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

CAPSTONE INVESTMENT ADVISORS, LLC's Holding History (CIK: 0001426196)

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

Q3 2025

Shares 31,210 Value ($000) $4,990 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 12,600 Value ($000) $2,182 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 32,500 Value ($000) $4,765 Avg Close $168.35 Range $134.55 - $195.10

Q2 2024

Shares 4,348 Value ($000) $580 Avg Close $130.61 Range $119.64 - $143.42

Q1 2024

Shares 76,189 Value ($000) $10,132 Avg Close $121.35 Range $107.05 - $132.34

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	31,210	$4,990	$178.28	$153.51 - $192.79
Q2 2025	12,600	$2,182	$155.27	$108.50 - $173.43
Q1 2025	32,500	$4,765	$168.35	$134.55 - $195.10
Q2 2024	4,348	$580	$130.61	$119.64 - $143.42
Q1 2024	76,189	$10,132	$121.35	$107.05 - $132.34