ARES MANAGEMENT CORPORATION

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

DARK FOREST CAPITAL MANAGEMENT LP's Holding History (CIK: 0001853322)

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

Q3 2025

Shares 20,569 Value ($000) $3,289 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 41,670 Value ($000) $7,217 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 24,250 Value ($000) $3,555 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 10,407 Value ($000) $1,842 Avg Close $165.33 Range $147.85 - $179.17

Q2 2024

Shares 2,565 Value ($000) $342 Avg Close $130.61 Range $119.64 - $143.42

Q3 2023

Shares 10,141 Value ($000) $1,043 Avg Close $94.74 Range $86.95 - $101.18

Q3 2022

Shares 37,102 Value ($000) $2,298 Avg Close $63.25 Range $50.98 - $71.82

Q4 2021

Shares 64 Value ($000) $5 Avg Close $71.78 Range $63.89 - $79.37

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	20,569	$3,289	$178.28	$153.51 - $192.79
Q2 2025	41,670	$7,217	$155.27	$108.50 - $173.43
Q1 2025	24,250	$3,555	$168.35	$134.55 - $195.10
Q4 2024	10,407	$1,842	$165.33	$147.85 - $179.17
Q2 2024	2,565	$342	$130.61	$119.64 - $143.42
Q3 2023	10,141	$1,043	$94.74	$86.95 - $101.18
Q3 2022	37,102	$2,298	$63.25	$50.98 - $71.82
Q4 2021	64	$5	$71.78	$63.89 - $79.37