ARES MANAGEMENT CORPORATION

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

Banco BTG Pactual S.A.'s Holding History (CIK: 0001536080)

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

Q1 2025

Shares 16,000 Value ($000) $2,346 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 7,910 Value ($000) $1,415 Avg Close $165.33 Range $147.85 - $179.17

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2025	16,000	$2,346	$168.35	$134.55 - $195.10
Q4 2024	7,910	$1,415	$165.33	$147.85 - $179.17