ARES MANAGEMENT CORPORATION

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

USS Investment Management Ltd's Holding History (CIK: 0001587381)

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

Q4 2025

Shares 21,276 Value ($000) $3,439 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 21,035 Value ($000) $3,363 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 21,035 Value ($000) $3,639 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 32,560 Value ($000) $4,771 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 32,560 Value ($000) $5,761 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 36,517 Value ($000) $5,689 Avg Close $139.75 Range $123.15 - $154.86

Q2 2024

Shares 36,493 Value ($000) $4,865 Avg Close $130.61 Range $119.64 - $143.42

Q1 2024

Shares 35,466 Value ($000) $4,715 Avg Close $121.35 Range $107.05 - $132.34

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	21,276	$3,439	$154.95	$138.30 - $180.02
Q3 2025	21,035	$3,363	$178.28	$153.51 - $192.79
Q2 2025	21,035	$3,639	$155.27	$108.50 - $173.43
Q1 2025	32,560	$4,771	$168.35	$134.55 - $195.10
Q4 2024	32,560	$5,761	$165.33	$147.85 - $179.17
Q3 2024	36,517	$5,689	$139.75	$123.15 - $154.86
Q2 2024	36,493	$4,865	$130.61	$119.64 - $143.42
Q1 2024	35,466	$4,715	$121.35	$107.05 - $132.34