ARES MANAGEMENT CORPORATION

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

FJ Capital Management LLC's Holding History (CIK: 0001599170)

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

Q4 2025

Shares 1,557 Value ($000) $252 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 8,293 Value ($000) $1,326 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 6,911 Value ($000) $1,197 Avg Close $155.27 Range $108.50 - $173.43

Q3 2024

Shares 9,805 Value ($000) $1,528 Avg Close $139.75 Range $123.15 - $154.86

Q2 2024

Shares 4,636 Value ($000) $618 Avg Close $130.61 Range $119.64 - $143.42

Q4 2022

Shares 5,817 Value ($000) $398 Avg Close $65.79 Range $53.36 - $78.37

Q2 2021

Shares 23,000 Value ($000) $1,441 Avg Close $48.65 Range $43.84 - $56.33

Q1 2019

Shares 85,127 Value ($000) $1,976 Avg Close $17.30 Range $13.35 - $19.34

Q4 2018

Shares 135,000 Value ($000) $2,397 Avg Close $16.38 Range $12.78 - $18.30

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,557	$252	$154.95	$138.30 - $180.02
Q3 2025	8,293	$1,326	$178.28	$153.51 - $192.79
Q2 2025	6,911	$1,197	$155.27	$108.50 - $173.43
Q3 2024	9,805	$1,528	$139.75	$123.15 - $154.86
Q2 2024	4,636	$618	$130.61	$119.64 - $143.42
Q4 2022	5,817	$398	$65.79	$53.36 - $78.37
Q2 2021	23,000	$1,441	$48.65	$43.84 - $56.33
Q1 2019	85,127	$1,976	$17.30	$13.35 - $19.34
Q4 2018	135,000	$2,397	$16.38	$12.78 - $18.30