ARES MANAGEMENT CORPORATION

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

Cape Investment Advisory, Inc.'s Holding History (CIK: 0001944437)

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

Q4 2025

Shares 13 Value ($000) $2 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 5 Value ($000) $1 Avg Close $178.28 Range $153.51 - $192.79

Q1 2025

Shares 1 Value ($000) $0 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 1 Value ($000) $0 Avg Close $165.33 Range $147.85 - $179.17

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	13	$2	$154.95	$138.30 - $180.02
Q3 2025	5	$1	$178.28	$153.51 - $192.79
Q1 2025	1	$0	$168.35	$134.55 - $195.10
Q4 2024	1	$0	$165.33	$147.85 - $179.17