ARES MANAGEMENT CORPORATION

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

Kepler Cheuvreux (Suisse) SA's Holding History (CIK: 0002096459)

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

Q4 2025

Shares 15,494 Value ($000) $2,504 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 26,299 Value ($000) $4,205 Avg Close $178.28 Range $153.51 - $192.79

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	15,494	$2,504	$154.95	$138.30 - $180.02
Q3 2025	26,299	$4,205	$178.28	$153.51 - $192.79