ARES MANAGEMENT CORPORATION

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

NICOLET ADVISORY SERVICES, LLC's Holding History (CIK: 0001775863)

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

Q4 2025

Shares 1,766 Value ($000) $308 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 1,842 Value ($000) $274 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 1,976 Value ($000) $361 Avg Close $155.27 Range $108.50 - $173.43

Q4 2024

Shares 1,763 Value ($000) $309 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 1,554 Value ($000) $244 Avg Close $139.75 Range $123.15 - $154.86

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,766	$308	$154.95	$138.30 - $180.02
Q3 2025	1,842	$274	$178.28	$153.51 - $192.79
Q2 2025	1,976	$361	$155.27	$108.50 - $173.43
Q4 2024	1,763	$309	$165.33	$147.85 - $179.17
Q3 2024	1,554	$244	$139.75	$123.15 - $154.86