ARES MANAGEMENT CORPORATION

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

TWO SIGMA SECURITIES, LLC's Holding History (CIK: 0001450144)

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

Q3 2025

Shares 6,110 Value ($000) $977 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 2,092 Value ($000) $362 Avg Close $155.27 Range $108.50 - $173.43

Q3 2024

Shares 1,359 Value ($000) $212 Avg Close $139.75 Range $123.15 - $154.86

Q1 2024

Shares 2,898 Value ($000) $385 Avg Close $121.35 Range $107.05 - $132.34

Q3 2022

Shares 5,356 Value ($000) $332 Avg Close $63.25 Range $50.98 - $71.82

Q4 2019

Shares 8,001 Value ($000) $286 Avg Close $25.48 Range $21.03 - $29.79

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	6,110	$977	$178.28	$153.51 - $192.79
Q2 2025	2,092	$362	$155.27	$108.50 - $173.43
Q3 2024	1,359	$212	$139.75	$123.15 - $154.86
Q1 2024	2,898	$385	$121.35	$107.05 - $132.34
Q3 2022	5,356	$332	$63.25	$50.98 - $71.82
Q4 2019	8,001	$286	$25.48	$21.03 - $29.79