ARES MANAGEMENT CORPORATION

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

TOKIO MARINE ASSET MANAGEMENT CO LTD's Holding History (CIK: 0001504169)

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

Q4 2025

Shares 8,915 Value ($000) $1,441 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 8,554 Value ($000) $1,368 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 7,253 Value ($000) $1,256 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 6,889 Value ($000) $1,010 Avg Close $168.35 Range $134.55 - $195.10

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	8,915	$1,441	$154.95	$138.30 - $180.02
Q3 2025	8,554	$1,368	$178.28	$153.51 - $192.79
Q2 2025	7,253	$1,256	$155.27	$108.50 - $173.43
Q1 2025	6,889	$1,010	$168.35	$134.55 - $195.10