ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

Edgemoor Investment Advisors, Inc.'s Holding History (CIK: 0001313792)

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

Q4 2025

Shares 704,973 Value ($000) $14,262 Avg Close $19.79 Range $18.36 - $20.64

Q3 2025

Shares 704,039 Value ($000) $14,369 Avg Close $21.33 Range $19.60 - $22.39

Q2 2025

Shares 684,870 Value ($000) $15,040 Avg Close $19.97 Range $17.08 - $21.13

Q1 2025

Shares 722,739 Value ($000) $16,016 Avg Close $20.85 Range $19.58 - $21.80

Q4 2024

Shares 727,922 Value ($000) $15,934 Avg Close $19.38 Range $18.52 - $20.24

Q3 2024

Shares 730,511 Value ($000) $15,297 Avg Close $18.23 Range $16.88 - $18.78

Q2 2024

Shares 720,252 Value ($000) $15,010 Avg Close $17.90 Range $17.19 - $18.65

Q1 2024

Shares 709,072 Value ($000) $14,763 Avg Close $16.97 Range $16.50 - $17.82

Q4 2023

Shares 679,340 Value ($000) $13,607 Avg Close $15.96 Range $15.11 - $16.83

Q3 2023

Shares 685,332 Value ($000) $13,343 Avg Close $15.48 Range $14.81 - $16.12

Q2 2023

Shares 680,435 Value ($000) $12,785 Avg Close $14.38 Range $13.58 - $15.16

Q1 2023

Shares 692,884 Value ($000) $12,662 Avg Close $14.33 Range $12.98 - $15.20

Q4 2022

Shares 703,809 Value ($000) $12,999 Avg Close $13.85 Range $12.13 - $14.57

Q3 2022

Shares 693,160 Value ($000) $11,701 Avg Close $13.92 Range $12.26 - $14.87

Q2 2022

Shares 685,054 Value ($000) $12,283 Avg Close $13.84 Range $12.20 - $15.83

Q1 2022

Shares 684,257 Value ($000) $14,335 Avg Close $14.63 Range $13.59 - $15.72

Q4 2021

Shares 667,629 Value ($000) $14,147 Avg Close $13.96 Range $13.29 - $14.62

Q3 2021

Shares 652,352 Value ($000) $13,262 Avg Close $13.21 Range $12.76 - $13.85

Q2 2021

Shares 750,599 Value ($000) $14,704 Avg Close $12.51 Range $11.72 - $13.01

Q1 2021

Shares 712,935 Value ($000) $13,339 Avg Close $11.38 Range $10.33 - $12.22

Q4 2020

Shares 696,022 Value ($000) $11,756 Avg Close $9.58 Range $8.32 - $10.75

Q3 2020

Shares 670,778 Value ($000) $9,357 Avg Close $8.55 Range $8.07 - $9.08

Q2 2020

Shares 702,884 Value ($000) $10,157 Avg Close $7.90 Range $5.17 - $9.48

Q1 2020

Shares 707,059 Value ($000) $7,622 Avg Close $9.57 Range $4.60 - $10.93

Q4 2019

Shares 720,351 Value ($000) $13,435 Avg Close $10.31 Range $9.90 - $10.59

Q3 2019

Shares 725,731 Value ($000) $13,524 Avg Close $10.07 Range $9.69 - $10.53

Q2 2019

Shares 725,487 Value ($000) $13,015 Avg Close $9.39 Range $9.08 - $9.82

Q1 2019

Shares 713,365 Value ($000) $12,227 Avg Close $8.68 Range $7.88 - $9.11

Q4 2018

Shares 680,217 Value ($000) $10,598 Avg Close $8.36 Range $7.47 - $8.87

Q3 2018

Shares 678,890 Value ($000) $11,670 Avg Close $8.47 Range $8.03 - $8.77

Q2 2018

Shares 665,309 Value ($000) $10,944 Avg Close $7.94 Range $7.42 - $8.28

Q1 2018

Shares 670,410 Value ($000) $10,639 Avg Close $7.48 Range $7.06 - $7.79

Q4 2017

Shares 673,255 Value ($000) $10,779 Avg Close $7.48 Range $7.21 - $7.65

Q3 2017

Shares 677,407 Value ($000) $11,103 Avg Close $7.28 Range $7.04 - $7.54

Q2 2017

Shares 674,639 Value ($000) $11,051 Avg Close $7.41 Range $7.10 - $7.75

Q1 2017

Shares 645,815 Value ($000) $11,224 Avg Close $7.44 Range $6.98 - $7.70

Q4 2016

Shares 640,976 Value ($000) $10,570 Avg Close $6.62 Range $6.28 - $7.14

Q3 2016

Shares 631,256 Value ($000) $9,784 Avg Close $6.30 Range $5.66 - $6.71

Q2 2016

Shares 624,180 Value ($000) $8,863 Avg Close $5.94 Range $5.67 - $6.15

Q1 2016

Shares 614,019 Value ($000) $9,110 Avg Close $5.37 Range $4.77 - $5.91

Q4 2015

Shares 650,132 Value ($000) $9,264 Avg Close $5.76 Range $5.23 - $6.03

Q3 2015

Shares 685,569 Value ($000) $9,927 Avg Close $5.81 Range $4.05 - $6.14

Q2 2015

Shares 681,308 Value ($000) $11,214 Avg Close $6.04 Range $5.73 - $6.25

Q1 2015

Shares 685,877 Value ($000) $11,777 Avg Close $5.89 Range $5.44 - $6.24

Q4 2014

Shares 582,664 Value ($000) $9,092 Avg Close $5.49 Range $5.03 - $5.64

Q3 2014

Shares 568,468 Value ($000) $9,186 Avg Close $5.68 Range $5.43 - $6.00

Q2 2014

Shares 571,519 Value ($000) $10,207 Avg Close $5.65 Range $5.39 - $6.00

Q1 2014

Shares 555,177 Value ($000) $9,782 Avg Close $5.73 Range $5.59 - $5.95

Q4 2013

Shares 534,064 Value ($000) $9,490 Avg Close $5.52 Range $5.29 - $5.75

Q3 2013

Shares 516,538 Value ($000) $8,931 Avg Close $5.37 Range $5.17 - $5.58

Q2 2013

Shares 478,973 Value ($000) $8,238 Avg Close $5.23 Range $4.93 - $5.49

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	704,973	$14,262	$19.79	$18.36 - $20.64
Q3 2025	704,039	$14,369	$21.33	$19.60 - $22.39
Q2 2025	684,870	$15,040	$19.97	$17.08 - $21.13
Q1 2025	722,739	$16,016	$20.85	$19.58 - $21.80
Q4 2024	727,922	$15,934	$19.38	$18.52 - $20.24
Q3 2024	730,511	$15,297	$18.23	$16.88 - $18.78
Q2 2024	720,252	$15,010	$17.90	$17.19 - $18.65
Q1 2024	709,072	$14,763	$16.97	$16.50 - $17.82
Q4 2023	679,340	$13,607	$15.96	$15.11 - $16.83
Q3 2023	685,332	$13,343	$15.48	$14.81 - $16.12
Q2 2023	680,435	$12,785	$14.38	$13.58 - $15.16
Q1 2023	692,884	$12,662	$14.33	$12.98 - $15.20
Q4 2022	703,809	$12,999	$13.85	$12.13 - $14.57
Q3 2022	693,160	$11,701	$13.92	$12.26 - $14.87
Q2 2022	685,054	$12,283	$13.84	$12.20 - $15.83
Q1 2022	684,257	$14,335	$14.63	$13.59 - $15.72
Q4 2021	667,629	$14,147	$13.96	$13.29 - $14.62
Q3 2021	652,352	$13,262	$13.21	$12.76 - $13.85
Q2 2021	750,599	$14,704	$12.51	$11.72 - $13.01
Q1 2021	712,935	$13,339	$11.38	$10.33 - $12.22
Q4 2020	696,022	$11,756	$9.58	$8.32 - $10.75
Q3 2020	670,778	$9,357	$8.55	$8.07 - $9.08
Q2 2020	702,884	$10,157	$7.90	$5.17 - $9.48
Q1 2020	707,059	$7,622	$9.57	$4.60 - $10.93
Q4 2019	720,351	$13,435	$10.31	$9.90 - $10.59
Q3 2019	725,731	$13,524	$10.07	$9.69 - $10.53
Q2 2019	725,487	$13,015	$9.39	$9.08 - $9.82
Q1 2019	713,365	$12,227	$8.68	$7.88 - $9.11
Q4 2018	680,217	$10,598	$8.36	$7.47 - $8.87
Q3 2018	678,890	$11,670	$8.47	$8.03 - $8.77
Q2 2018	665,309	$10,944	$7.94	$7.42 - $8.28
Q1 2018	670,410	$10,639	$7.48	$7.06 - $7.79
Q4 2017	673,255	$10,779	$7.48	$7.21 - $7.65
Q3 2017	677,407	$11,103	$7.28	$7.04 - $7.54
Q2 2017	674,639	$11,051	$7.41	$7.10 - $7.75
Q1 2017	645,815	$11,224	$7.44	$6.98 - $7.70
Q4 2016	640,976	$10,570	$6.62	$6.28 - $7.14
Q3 2016	631,256	$9,784	$6.30	$5.66 - $6.71
Q2 2016	624,180	$8,863	$5.94	$5.67 - $6.15
Q1 2016	614,019	$9,110	$5.37	$4.77 - $5.91
Q4 2015	650,132	$9,264	$5.76	$5.23 - $6.03
Q3 2015	685,569	$9,927	$5.81	$4.05 - $6.14
Q2 2015	681,308	$11,214	$6.04	$5.73 - $6.25
Q1 2015	685,877	$11,777	$5.89	$5.44 - $6.24
Q4 2014	582,664	$9,092	$5.49	$5.03 - $5.64
Q3 2014	568,468	$9,186	$5.68	$5.43 - $6.00
Q2 2014	571,519	$10,207	$5.65	$5.39 - $6.00
Q1 2014	555,177	$9,782	$5.73	$5.59 - $5.95
Q4 2013	534,064	$9,490	$5.52	$5.29 - $5.75
Q3 2013	516,538	$8,931	$5.37	$5.17 - $5.58
Q2 2013	478,973	$8,238	$5.23	$4.93 - $5.49