ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

STEPHENS INC /AR/'s Holding History (CIK: 0000757657)

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

Q4 2025

Shares 1,136,260 Value ($000) $22,987 Avg Close $19.79 Range $18.36 - $20.64

Q3 2025

Shares 1,174,822 Value ($000) $23,978 Avg Close $21.33 Range $19.60 - $22.39

Q2 2025

Shares 1,241,314 Value ($000) $27,259 Avg Close $19.97 Range $17.08 - $21.13

Q1 2025

Shares 1,250,087 Value ($000) $27,702 Avg Close $20.85 Range $19.58 - $21.80

Q4 2024

Shares 1,142,859 Value ($000) $25,017 Avg Close $19.38 Range $18.52 - $20.24

Q3 2024

Shares 1,111,423 Value ($000) $23,273 Avg Close $18.23 Range $16.88 - $18.78

Q2 2024

Shares 1,059,955 Value ($000) $22,089 Avg Close $17.90 Range $17.19 - $18.65

Q1 2024

Shares 1,050,398 Value ($000) $21,869 Avg Close $16.97 Range $16.50 - $17.82

Q4 2023

Shares 1,050,781 Value ($000) $21,047 Avg Close $15.96 Range $15.11 - $16.83

Q3 2023

Shares 1,094,843 Value ($000) $21,317 Avg Close $15.48 Range $14.81 - $16.12

Q2 2023

Shares 1,141,665 Value ($000) $21,452 Avg Close $14.38 Range $13.58 - $15.16

Q1 2023

Shares 1,178,499 Value ($000) $21,537 Avg Close $14.33 Range $12.98 - $15.20

Q4 2022

Shares 1,226,727 Value ($000) $22,658 Avg Close $13.85 Range $12.13 - $14.57

Q3 2022

Shares 1,445,955 Value ($000) $24,408 Avg Close $13.92 Range $12.26 - $14.87

Q2 2022

Shares 1,437,484 Value ($000) $25,774 Avg Close $13.84 Range $12.20 - $15.83

Q1 2022

Shares 1,536,498 Value ($000) $32,190 Avg Close $14.63 Range $13.59 - $15.72

Q4 2021

Shares 1,157,317 Value ($000) $24,524 Avg Close $13.96 Range $13.29 - $14.62

Q3 2021

Shares 1,010,847 Value ($000) $20,551 Avg Close $13.21 Range $12.76 - $13.85

Q2 2021

Shares 950,412 Value ($000) $18,619 Avg Close $12.51 Range $11.72 - $13.01

Q1 2021

Shares 913,317 Value ($000) $17,088 Avg Close $11.38 Range $10.33 - $12.22

Q4 2020

Shares 1,534,359 Value ($000) $25,915 Avg Close $9.58 Range $8.32 - $10.75

Q3 2020

Shares 1,588,241 Value ($000) $22,156 Avg Close $8.55 Range $8.07 - $9.08

Q2 2020

Shares 1,658,147 Value ($000) $23,960 Avg Close $7.90 Range $5.17 - $9.48

Q1 2020

Shares 137,524 Value ($000) $1,483 Avg Close $9.57 Range $4.60 - $10.93

Q4 2019

Shares 145,862 Value ($000) $2,720 Avg Close $10.31 Range $9.90 - $10.59

Q3 2019

Shares 150,367 Value ($000) $2,802 Avg Close $10.07 Range $9.69 - $10.53

Q2 2019

Shares 166,037 Value ($000) $2,979 Avg Close $9.39 Range $9.08 - $9.82

Q1 2019

Shares 161,135 Value ($000) $2,762 Avg Close $8.68 Range $7.88 - $9.11

Q4 2018

Shares 160,570 Value ($000) $2,502 Avg Close $8.36 Range $7.47 - $8.87

Q3 2018

Shares 133,068 Value ($000) $2,287 Avg Close $8.47 Range $8.03 - $8.77

Q2 2018

Shares 152,704 Value ($000) $2,512 Avg Close $7.94 Range $7.42 - $8.28

Q1 2018

Shares 147,441 Value ($000) $2,340 Avg Close $7.48 Range $7.06 - $7.79

Q4 2017

Shares 155,359 Value ($000) $2,442 Avg Close $7.48 Range $7.21 - $7.65

Q3 2017

Shares 155,214 Value ($000) $2,544 Avg Close $7.28 Range $7.04 - $7.54

Q2 2017

Shares 174,857 Value ($000) $2,864 Avg Close $7.41 Range $7.10 - $7.75

Q1 2017

Shares 176,901 Value ($000) $3,075 Avg Close $7.44 Range $6.98 - $7.70

Q4 2016

Shares 159,894 Value ($000) $2,637 Avg Close $6.62 Range $6.28 - $7.14

Q3 2016

Shares 175,244 Value ($000) $2,716 Avg Close $6.30 Range $5.66 - $6.71

Q2 2016

Shares 165,008 Value ($000) $2,343 Avg Close $5.94 Range $5.67 - $6.15

Q1 2016

Shares 163,431 Value ($000) $2,425 Avg Close $5.37 Range $4.77 - $5.91

Q4 2015

Shares 184,838 Value ($000) $2,634 Avg Close $5.76 Range $5.23 - $6.03

Q3 2015

Shares 287,202 Value ($000) $4,159 Avg Close $5.81 Range $4.05 - $6.14

Q2 2015

Shares 288,174 Value ($000) $4,743 Avg Close $6.04 Range $5.73 - $6.25

Q1 2015

Shares 299,365 Value ($000) $5,140 Avg Close $5.89 Range $5.44 - $6.24

Q4 2014

Shares 302,927 Value ($000) $4,727 Avg Close $5.49 Range $5.03 - $5.64

Q3 2014

Shares 361,452 Value ($000) $5,841 Avg Close $5.68 Range $5.43 - $6.00

Q2 2014

Shares 342,545 Value ($000) $6,118 Avg Close $5.65 Range $5.39 - $6.00

Q1 2014

Shares 298,801 Value ($000) $5,265 Avg Close $5.73 Range $5.59 - $5.95

Q4 2013

Shares 186,885 Value ($000) $3,321 Avg Close $5.52 Range $5.29 - $5.75

Q3 2013

Shares 172,354 Value ($000) $2,980 Avg Close $5.37 Range $5.17 - $5.58

Q2 2013

Shares 143,208 Value ($000) $2,463 Avg Close $5.23 Range $4.93 - $5.49

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,136,260	$22,987	$19.79	$18.36 - $20.64
Q3 2025	1,174,822	$23,978	$21.33	$19.60 - $22.39
Q2 2025	1,241,314	$27,259	$19.97	$17.08 - $21.13
Q1 2025	1,250,087	$27,702	$20.85	$19.58 - $21.80
Q4 2024	1,142,859	$25,017	$19.38	$18.52 - $20.24
Q3 2024	1,111,423	$23,273	$18.23	$16.88 - $18.78
Q2 2024	1,059,955	$22,089	$17.90	$17.19 - $18.65
Q1 2024	1,050,398	$21,869	$16.97	$16.50 - $17.82
Q4 2023	1,050,781	$21,047	$15.96	$15.11 - $16.83
Q3 2023	1,094,843	$21,317	$15.48	$14.81 - $16.12
Q2 2023	1,141,665	$21,452	$14.38	$13.58 - $15.16
Q1 2023	1,178,499	$21,537	$14.33	$12.98 - $15.20
Q4 2022	1,226,727	$22,658	$13.85	$12.13 - $14.57
Q3 2022	1,445,955	$24,408	$13.92	$12.26 - $14.87
Q2 2022	1,437,484	$25,774	$13.84	$12.20 - $15.83
Q1 2022	1,536,498	$32,190	$14.63	$13.59 - $15.72
Q4 2021	1,157,317	$24,524	$13.96	$13.29 - $14.62
Q3 2021	1,010,847	$20,551	$13.21	$12.76 - $13.85
Q2 2021	950,412	$18,619	$12.51	$11.72 - $13.01
Q1 2021	913,317	$17,088	$11.38	$10.33 - $12.22
Q4 2020	1,534,359	$25,915	$9.58	$8.32 - $10.75
Q3 2020	1,588,241	$22,156	$8.55	$8.07 - $9.08
Q2 2020	1,658,147	$23,960	$7.90	$5.17 - $9.48
Q1 2020	137,524	$1,483	$9.57	$4.60 - $10.93
Q4 2019	145,862	$2,720	$10.31	$9.90 - $10.59
Q3 2019	150,367	$2,802	$10.07	$9.69 - $10.53
Q2 2019	166,037	$2,979	$9.39	$9.08 - $9.82
Q1 2019	161,135	$2,762	$8.68	$7.88 - $9.11
Q4 2018	160,570	$2,502	$8.36	$7.47 - $8.87
Q3 2018	133,068	$2,287	$8.47	$8.03 - $8.77
Q2 2018	152,704	$2,512	$7.94	$7.42 - $8.28
Q1 2018	147,441	$2,340	$7.48	$7.06 - $7.79
Q4 2017	155,359	$2,442	$7.48	$7.21 - $7.65
Q3 2017	155,214	$2,544	$7.28	$7.04 - $7.54
Q2 2017	174,857	$2,864	$7.41	$7.10 - $7.75
Q1 2017	176,901	$3,075	$7.44	$6.98 - $7.70
Q4 2016	159,894	$2,637	$6.62	$6.28 - $7.14
Q3 2016	175,244	$2,716	$6.30	$5.66 - $6.71
Q2 2016	165,008	$2,343	$5.94	$5.67 - $6.15
Q1 2016	163,431	$2,425	$5.37	$4.77 - $5.91
Q4 2015	184,838	$2,634	$5.76	$5.23 - $6.03
Q3 2015	287,202	$4,159	$5.81	$4.05 - $6.14
Q2 2015	288,174	$4,743	$6.04	$5.73 - $6.25
Q1 2015	299,365	$5,140	$5.89	$5.44 - $6.24
Q4 2014	302,927	$4,727	$5.49	$5.03 - $5.64
Q3 2014	361,452	$5,841	$5.68	$5.43 - $6.00
Q2 2014	342,545	$6,118	$5.65	$5.39 - $6.00
Q1 2014	298,801	$5,265	$5.73	$5.59 - $5.95
Q4 2013	186,885	$3,321	$5.52	$5.29 - $5.75
Q3 2013	172,354	$2,980	$5.37	$5.17 - $5.58
Q2 2013	143,208	$2,463	$5.23	$4.93 - $5.49