ARES MANAGEMENT CORPORATION

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

Tredje AP-fonden's Holding History (CIK: 0001650290)

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

Q4 2025

Shares 23,221 Value ($000) $3,753 Avg Close $154.95 Range $138.30 - $180.02

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	23,221	$3,753	$154.95	$138.30 - $180.02