ARES MANAGEMENT CORPORATION

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

Brevan Howard Capital Management LP's Holding History (CIK: 0001512857)

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

Q4 2025

Shares 10,520 Value ($000) $1,700 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 41,130 Value ($000) $6,576 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 3,973 Value ($000) $688 Avg Close $155.27 Range $108.50 - $173.43

Q4 2024

Shares 5,665 Value ($000) $1,003 Avg Close $165.33 Range $147.85 - $179.17

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	10,520	$1,700	$154.95	$138.30 - $180.02
Q3 2025	41,130	$6,576	$178.28	$153.51 - $192.79
Q2 2025	3,973	$688	$155.27	$108.50 - $173.43
Q4 2024	5,665	$1,003	$165.33	$147.85 - $179.17