ARES MANAGEMENT CORPORATION

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

Federation des caisses Desjardins du Quebec's Holding History (CIK: 0002022297)

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

Q4 2025

Shares 48,212 Value ($000) $7,792 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 37,681 Value ($000) $6,025 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 36,338 Value ($000) $6,301 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 29,327 Value ($000) $4,302 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 30,532 Value ($000) $5,399 Avg Close $165.33 Range $147.85 - $179.17

Q3 2024

Shares 34,631 Value ($000) $5,391 Avg Close $139.75 Range $123.15 - $154.86

Q2 2024

Shares 28,953 Value ($000) $3,859 Avg Close $130.61 Range $119.64 - $143.42

Q1 2024

Shares 1,884 Value ($000) $238 Avg Close $121.35 Range $107.05 - $132.34

Q4 2023

Shares 1,163 Value ($000) $138 Avg Close $102.46 Range $90.47 - $114.79

Q3 2023

Shares 5,051 Value ($000) $520 Avg Close $94.74 Range $86.95 - $101.18

Q2 2023

Shares 5,564 Value ($000) $536 Avg Close $80.33 Range $72.34 - $91.06

Q1 2023

Shares 550 Value ($000) $46 Avg Close $73.16 Range $61.80 - $80.36

Q4 2022

Shares 100 Value ($000) $7 Avg Close $65.79 Range $53.36 - $78.37

Q3 2022

Shares 100 Value ($000) $6 Avg Close $63.25 Range $50.98 - $71.82

Q2 2022

Shares 1,411 Value ($000) $80 Avg Close $61.93 Range $48.02 - $76.43

Q1 2022

Shares 1,468 Value ($000) $119 Avg Close $68.19 Range $58.16 - $74.64

Q4 2021

Shares 1,702 Value ($000) $138 Avg Close $71.78 Range $63.89 - $79.37

Q3 2021

Shares 494 Value ($000) $36 Avg Close $63.14 Range $53.28 - $71.08

Q2 2021

Shares 2,094 Value ($000) $133 Avg Close $48.65 Range $43.84 - $56.33

Q1 2021

Shares 100 Value ($000) $6 Avg Close $43.40 Range $38.27 - $49.81

Q4 2020

Shares 100 Value ($000) $5 Avg Close $38.71 Range $34.00 - $42.95

Q3 2020

Shares 100 Value ($000) $4 Avg Close $33.84 Range $32.04 - $35.87

Q2 2020

Shares 100 Value ($000) $4 Avg Close $29.64 Range $23.86 - $34.59

Q1 2020

Shares 100 Value ($000) $3 Avg Close $28.96 Range $16.91 - $34.62

Q4 2019

Shares 100 Value ($000) $4 Avg Close $25.48 Range $21.03 - $29.79

Q3 2019

Shares 100 Value ($000) $3 Avg Close $23.22 Range $21.31 - $25.41

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	48,212	$7,792	$154.95	$138.30 - $180.02
Q3 2025	37,681	$6,025	$178.28	$153.51 - $192.79
Q2 2025	36,338	$6,301	$155.27	$108.50 - $173.43
Q1 2025	29,327	$4,302	$168.35	$134.55 - $195.10
Q4 2024	30,532	$5,399	$165.33	$147.85 - $179.17
Q3 2024	34,631	$5,391	$139.75	$123.15 - $154.86
Q2 2024	28,953	$3,859	$130.61	$119.64 - $143.42
Q1 2024	1,884	$238	$121.35	$107.05 - $132.34
Q4 2023	1,163	$138	$102.46	$90.47 - $114.79
Q3 2023	5,051	$520	$94.74	$86.95 - $101.18
Q2 2023	5,564	$536	$80.33	$72.34 - $91.06
Q1 2023	550	$46	$73.16	$61.80 - $80.36
Q4 2022	100	$7	$65.79	$53.36 - $78.37
Q3 2022	100	$6	$63.25	$50.98 - $71.82
Q2 2022	1,411	$80	$61.93	$48.02 - $76.43
Q1 2022	1,468	$119	$68.19	$58.16 - $74.64
Q4 2021	1,702	$138	$71.78	$63.89 - $79.37
Q3 2021	494	$36	$63.14	$53.28 - $71.08
Q2 2021	2,094	$133	$48.65	$43.84 - $56.33
Q1 2021	100	$6	$43.40	$38.27 - $49.81
Q4 2020	100	$5	$38.71	$34.00 - $42.95
Q3 2020	100	$4	$33.84	$32.04 - $35.87
Q2 2020	100	$4	$29.64	$23.86 - $34.59
Q1 2020	100	$3	$28.96	$16.91 - $34.62
Q4 2019	100	$4	$25.48	$21.03 - $29.79
Q3 2019	100	$3	$23.22	$21.31 - $25.41