ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

MARATHON CAPITAL MANAGEMENT's Holding History (CIK: 0001213206)

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

Q4 2025

Shares 164,845 Value ($000) $3,335 Avg Close $19.79 Range $18.36 - $20.64

Q3 2025

Shares 157,720 Value ($000) $3,219 Avg Close $21.33 Range $19.60 - $22.39

Q2 2025

Shares 161,265 Value ($000) $3,541 Avg Close $19.97 Range $17.08 - $21.13

Q1 2025

Shares 163,035 Value ($000) $3,613 Avg Close $20.85 Range $19.58 - $21.80

Q4 2024

Shares 162,740 Value ($000) $3,562 Avg Close $19.38 Range $18.52 - $20.24

Q3 2024

Shares 164,915 Value ($000) $3,453 Avg Close $18.23 Range $16.88 - $18.78

Q2 2024

Shares 164,715 Value ($000) $3,433 Avg Close $17.90 Range $17.19 - $18.65

Q1 2024

Shares 166,215 Value ($000) $3,461 Avg Close $16.97 Range $16.50 - $17.82

Q4 2023

Shares 167,790 Value ($000) $3,361 Avg Close $15.96 Range $15.11 - $16.83

Q3 2023

Shares 169,040 Value ($000) $3,291 Avg Close $15.48 Range $14.81 - $16.12

Q2 2023

Shares 168,365 Value ($000) $3,164 Avg Close $14.38 Range $13.58 - $15.16

Q1 2023

Shares 168,415 Value ($000) $3,078 Avg Close $14.33 Range $12.98 - $15.20

Q4 2022

Shares 167,940 Value ($000) $3,102 Avg Close $13.85 Range $12.13 - $14.57

Q3 2022

Shares 167,660 Value ($000) $2,830 Avg Close $13.92 Range $12.26 - $14.87

Q2 2022

Shares 159,385 Value ($000) $2,858 Avg Close $13.84 Range $12.20 - $15.83

Q1 2022

Shares 160,935 Value ($000) $3,372 Avg Close $14.63 Range $13.59 - $15.72

Q4 2021

Shares 166,885 Value ($000) $3,536 Avg Close $13.96 Range $13.29 - $14.62

Q3 2021

Shares 166,660 Value ($000) $3,389 Avg Close $13.21 Range $12.76 - $13.85

Q2 2021

Shares 169,417 Value ($000) $3,318 Avg Close $12.51 Range $11.72 - $13.01

Q1 2021

Shares 173,243 Value ($000) $3,241 Avg Close $11.38 Range $10.33 - $12.22

Q4 2020

Shares 170,119 Value ($000) $2,873 Avg Close $9.58 Range $8.32 - $10.75

Q3 2020

Shares 158,787 Value ($000) $2,215 Avg Close $8.55 Range $8.07 - $9.08

Q2 2020

Shares 163,585 Value ($000) $2,364 Avg Close $7.90 Range $5.17 - $9.48

Q1 2020

Shares 156,575 Value ($000) $1,687 Avg Close $9.57 Range $4.60 - $10.93

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	164,845	$3,335	$19.79	$18.36 - $20.64
Q3 2025	157,720	$3,219	$21.33	$19.60 - $22.39
Q2 2025	161,265	$3,541	$19.97	$17.08 - $21.13
Q1 2025	163,035	$3,613	$20.85	$19.58 - $21.80
Q4 2024	162,740	$3,562	$19.38	$18.52 - $20.24
Q3 2024	164,915	$3,453	$18.23	$16.88 - $18.78
Q2 2024	164,715	$3,433	$17.90	$17.19 - $18.65
Q1 2024	166,215	$3,461	$16.97	$16.50 - $17.82
Q4 2023	167,790	$3,361	$15.96	$15.11 - $16.83
Q3 2023	169,040	$3,291	$15.48	$14.81 - $16.12
Q2 2023	168,365	$3,164	$14.38	$13.58 - $15.16
Q1 2023	168,415	$3,078	$14.33	$12.98 - $15.20
Q4 2022	167,940	$3,102	$13.85	$12.13 - $14.57
Q3 2022	167,660	$2,830	$13.92	$12.26 - $14.87
Q2 2022	159,385	$2,858	$13.84	$12.20 - $15.83
Q1 2022	160,935	$3,372	$14.63	$13.59 - $15.72
Q4 2021	166,885	$3,536	$13.96	$13.29 - $14.62
Q3 2021	166,660	$3,389	$13.21	$12.76 - $13.85
Q2 2021	169,417	$3,318	$12.51	$11.72 - $13.01
Q1 2021	173,243	$3,241	$11.38	$10.33 - $12.22
Q4 2020	170,119	$2,873	$9.58	$8.32 - $10.75
Q3 2020	158,787	$2,215	$8.55	$8.07 - $9.08
Q2 2020	163,585	$2,364	$7.90	$5.17 - $9.48
Q1 2020	156,575	$1,687	$9.57	$4.60 - $10.93