ARES MANAGEMENT CORPORATION

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

Sowell Financial Services LLC's Holding History (CIK: 0001633697)

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

Q4 2025

Shares 1,439 Value ($000) $233 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 1,467 Value ($000) $235 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 1,519 Value ($000) $263 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 1,511 Value ($000) $222 Avg Close $168.35 Range $134.55 - $195.10

Q1 2021

Shares 164 Value ($000) $9 Avg Close $43.40 Range $38.27 - $49.81

Q4 2020

Shares 164 Value ($000) $8 Avg Close $38.71 Range $34.00 - $42.95

Q3 2020

Shares 97 Value ($000) $4 Avg Close $33.84 Range $32.04 - $35.87

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,439	$233	$154.95	$138.30 - $180.02
Q3 2025	1,467	$235	$178.28	$153.51 - $192.79
Q2 2025	1,519	$263	$155.27	$108.50 - $173.43
Q1 2025	1,511	$222	$168.35	$134.55 - $195.10
Q1 2021	164	$9	$43.40	$38.27 - $49.81
Q4 2020	164	$8	$38.71	$34.00 - $42.95
Q3 2020	97	$4	$33.84	$32.04 - $35.87