ARES MANAGEMENT CORPORATION

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

Morse Asset Management, Inc's Holding History (CIK: 0001705711)

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

Q3 2025

Shares 5,770 Value ($000) $923 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 16,461 Value ($000) $2,851 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 16,755 Value ($000) $2,456 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 16,457 Value ($000) $2,913 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 14,035 Value ($000) $2,187 Avg Close $139.75 Range $123.15 - $154.86

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	5,770	$923	$178.28	$153.51 - $192.79
Q2 2025	16,461	$2,851	$155.27	$108.50 - $173.43
Q1 2025	16,755	$2,456	$168.35	$134.55 - $195.10
Q4 2024	16,457	$2,913	$165.33	$147.85 - $179.17
Q3 2024	14,035	$2,187	$139.75	$123.15 - $154.86