ARES MANAGEMENT CORPORATION

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

VICTORY FINANCIAL GROUP, LLC's Holding History (CIK: 0002011333)

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

Q4 2025

Shares 1,879 Value ($000) $304 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 1,523 Value ($000) $244 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 1,504 Value ($000) $260 Avg Close $155.27 Range $108.50 - $173.43

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,879	$304	$154.95	$138.30 - $180.02
Q3 2025	1,523	$244	$178.28	$153.51 - $192.79
Q2 2025	1,504	$260	$155.27	$108.50 - $173.43