ARES MANAGEMENT CORPORATION

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

Horizon Investments, LLC's Holding History (CIK: 0001560717)

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

Q4 2025

Shares 4,422 Value ($000) $715 Avg Close $154.95 Range $138.30 - $180.02

Q3 2022

Shares 18,293 Value ($000) $1,133 Avg Close $63.25 Range $50.98 - $71.82

Q2 2022

Shares 23,761 Value ($000) $1,351 Avg Close $61.93 Range $48.02 - $76.43

Q1 2022

Shares 28,807 Value ($000) $2,340 Avg Close $68.19 Range $58.16 - $74.64

Q4 2021

Shares 30,957 Value ($000) $2,516 Avg Close $71.78 Range $63.89 - $79.37

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,422	$715	$154.95	$138.30 - $180.02
Q3 2022	18,293	$1,133	$63.25	$50.98 - $71.82
Q2 2022	23,761	$1,351	$61.93	$48.02 - $76.43
Q1 2022	28,807	$2,340	$68.19	$58.16 - $74.64
Q4 2021	30,957	$2,516	$71.78	$63.89 - $79.37