ARES MANAGEMENT CORPORATION

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

TWO SIGMA ADVISERS, LP's Holding History (CIK: 0001478735)

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

Q4 2021

Shares 2,600 Value ($000) $211 Avg Close $71.78 Range $63.89 - $79.37

Q4 2020

Shares 93,700 Value ($000) $4,409 Avg Close $38.71 Range $34.00 - $42.95

Q3 2020

Shares 192,600 Value ($000) $7,785 Avg Close $33.84 Range $32.04 - $35.87

Q2 2020

Shares 264,700 Value ($000) $10,509 Avg Close $29.64 Range $23.86 - $34.59

Q1 2020

Shares 252,700 Value ($000) $7,816 Avg Close $28.96 Range $16.91 - $34.62

Q4 2019

Shares 196,700 Value ($000) $7,020 Avg Close $25.48 Range $21.03 - $29.79

Q3 2019

Shares 161,300 Value ($000) $4,324 Avg Close $23.22 Range $21.31 - $25.41

Q2 2019

Shares 55,300 Value ($000) $1,447 Avg Close $20.37 Range $18.53 - $23.16

Q4 2018

Shares 11,700 Value ($000) $208 Avg Close $16.38 Range $12.78 - $18.30

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2021	2,600	$211	$71.78	$63.89 - $79.37
Q4 2020	93,700	$4,409	$38.71	$34.00 - $42.95
Q3 2020	192,600	$7,785	$33.84	$32.04 - $35.87
Q2 2020	264,700	$10,509	$29.64	$23.86 - $34.59
Q1 2020	252,700	$7,816	$28.96	$16.91 - $34.62
Q4 2019	196,700	$7,020	$25.48	$21.03 - $29.79
Q3 2019	161,300	$4,324	$23.22	$21.31 - $25.41
Q2 2019	55,300	$1,447	$20.37	$18.53 - $23.16
Q4 2018	11,700	$208	$16.38	$12.78 - $18.30