ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

Allen Investment Management LLC's Holding History (CIK: 0001326234)

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

Q4 2025

Shares 3,086,449 Value ($000) $62,439 Avg Close $19.79 Range $18.36 - $20.64

Q3 2025

Shares 3,135,101 Value ($000) $63,987 Avg Close $21.33 Range $19.60 - $22.39

Q2 2025

Shares 3,031,636 Value ($000) $66,575 Avg Close $19.97 Range $17.08 - $21.13

Q1 2025

Shares 2,975,197 Value ($000) $65,930 Avg Close $20.85 Range $19.58 - $21.80

Q4 2024

Shares 2,744,273 Value ($000) $60,072 Avg Close $19.38 Range $18.52 - $20.24

Q3 2024

Shares 2,091,726 Value ($000) $43,801 Avg Close $18.23 Range $16.88 - $18.78

Q2 2024

Shares 1,778,492 Value ($000) $37,064 Avg Close $17.90 Range $17.19 - $18.65

Q1 2024

Shares 1,664,312 Value ($000) $34,651 Avg Close $16.97 Range $16.50 - $17.82

Q4 2023

Shares 1,246,775 Value ($000) $24,973 Avg Close $15.96 Range $15.11 - $16.83

Q3 2023

Shares 1,054,687 Value ($000) $20,535 Avg Close $15.48 Range $14.81 - $16.12

Q2 2023

Shares 521,729 Value ($000) $9,803 Avg Close $14.38 Range $13.58 - $15.16

Q1 2023

Shares 242,994 Value ($000) $4,441 Avg Close $14.33 Range $12.98 - $15.20

Q4 2022

Shares 242,994 Value ($000) $4,488 Avg Close $13.85 Range $12.13 - $14.57

Q3 2022

Shares 230,289 Value ($000) $3,887 Avg Close $13.92 Range $12.26 - $14.87

Q2 2022

Shares 230,289 Value ($000) $4,129 Avg Close $13.84 Range $12.20 - $15.83

Q1 2022

Shares 230,289 Value ($000) $4,825 Avg Close $14.63 Range $13.59 - $15.72

Q4 2021

Shares 230,289 Value ($000) $4,880 Avg Close $13.96 Range $13.29 - $14.62

Q3 2021

Shares 230,289 Value ($000) $4,682 Avg Close $13.21 Range $12.76 - $13.85

Q2 2021

Shares 230,289 Value ($000) $4,511 Avg Close $12.51 Range $11.72 - $13.01

Q1 2021

Shares 225,476 Value ($000) $4,219 Avg Close $11.38 Range $10.33 - $12.22

Q4 2020

Shares 225,476 Value ($000) $3,808 Avg Close $9.58 Range $8.32 - $10.75

Q3 2020

Shares 225,476 Value ($000) $3,145 Avg Close $8.55 Range $8.07 - $9.08

Q2 2020

Shares 225,476 Value ($000) $3,258 Avg Close $7.90 Range $5.17 - $9.48

Q1 2020

Shares 225,476 Value ($000) $2,431 Avg Close $9.57 Range $4.60 - $10.93

Q4 2019

Shares 218,336 Value ($000) $4,072 Avg Close $10.31 Range $9.90 - $10.59

Q3 2019

Shares 218,336 Value ($000) $4,069 Avg Close $10.07 Range $9.69 - $10.53

Q2 2019

Shares 218,336 Value ($000) $3,917 Avg Close $9.39 Range $9.08 - $9.82

Q1 2019

Shares 218,336 Value ($000) $3,742 Avg Close $8.68 Range $7.88 - $9.11

Q4 2018

Shares 214,581 Value ($000) $3,343 Avg Close $8.36 Range $7.47 - $8.87

Q3 2018

Shares 214,581 Value ($000) $3,689 Avg Close $8.47 Range $8.03 - $8.77

Q2 2018

Shares 320,060 Value ($000) $5,265 Avg Close $7.94 Range $7.42 - $8.28

Q1 2018

Shares 148,053 Value ($000) $2,350 Avg Close $7.48 Range $7.06 - $7.79

Q4 2017

Shares 148,053 Value ($000) $2,327 Avg Close $7.48 Range $7.21 - $7.65

Q3 2017

Shares 318,263 Value ($000) $5,216 Avg Close $7.28 Range $7.04 - $7.54

Q2 2017

Shares 348,019 Value ($000) $5,701 Avg Close $7.41 Range $7.10 - $7.75

Q1 2017

Shares 319,773 Value ($000) $5,558 Avg Close $7.44 Range $6.98 - $7.70

Q4 2016

Shares 193,163 Value ($000) $3,185 Avg Close $6.62 Range $6.28 - $7.14

Q3 2016

Shares 263,423 Value ($000) $4,083 Avg Close $6.30 Range $5.66 - $6.71

Q2 2016

Shares 398,533 Value ($000) $5,659 Avg Close $5.94 Range $5.67 - $6.15

Q1 2016

Shares 418,013 Value ($000) $6,203 Avg Close $5.37 Range $4.77 - $5.91

Q4 2015

Shares 418,013 Value ($000) $5,957 Avg Close $5.76 Range $5.23 - $6.03

Q3 2015

Shares 565,313 Value ($000) $8,186 Avg Close $5.81 Range $4.05 - $6.14

Q2 2015

Shares 562,051 Value ($000) $9,251 Avg Close $6.04 Range $5.73 - $6.25

Q1 2015

Shares 515,064 Value ($000) $8,844 Avg Close $5.89 Range $5.44 - $6.24

Q4 2014

Shares 154,581 Value ($000) $2,412 Avg Close $5.49 Range $5.03 - $5.64

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	3,086,449	$62,439	$19.79	$18.36 - $20.64
Q3 2025	3,135,101	$63,987	$21.33	$19.60 - $22.39
Q2 2025	3,031,636	$66,575	$19.97	$17.08 - $21.13
Q1 2025	2,975,197	$65,930	$20.85	$19.58 - $21.80
Q4 2024	2,744,273	$60,072	$19.38	$18.52 - $20.24
Q3 2024	2,091,726	$43,801	$18.23	$16.88 - $18.78
Q2 2024	1,778,492	$37,064	$17.90	$17.19 - $18.65
Q1 2024	1,664,312	$34,651	$16.97	$16.50 - $17.82
Q4 2023	1,246,775	$24,973	$15.96	$15.11 - $16.83
Q3 2023	1,054,687	$20,535	$15.48	$14.81 - $16.12
Q2 2023	521,729	$9,803	$14.38	$13.58 - $15.16
Q1 2023	242,994	$4,441	$14.33	$12.98 - $15.20
Q4 2022	242,994	$4,488	$13.85	$12.13 - $14.57
Q3 2022	230,289	$3,887	$13.92	$12.26 - $14.87
Q2 2022	230,289	$4,129	$13.84	$12.20 - $15.83
Q1 2022	230,289	$4,825	$14.63	$13.59 - $15.72
Q4 2021	230,289	$4,880	$13.96	$13.29 - $14.62
Q3 2021	230,289	$4,682	$13.21	$12.76 - $13.85
Q2 2021	230,289	$4,511	$12.51	$11.72 - $13.01
Q1 2021	225,476	$4,219	$11.38	$10.33 - $12.22
Q4 2020	225,476	$3,808	$9.58	$8.32 - $10.75
Q3 2020	225,476	$3,145	$8.55	$8.07 - $9.08
Q2 2020	225,476	$3,258	$7.90	$5.17 - $9.48
Q1 2020	225,476	$2,431	$9.57	$4.60 - $10.93
Q4 2019	218,336	$4,072	$10.31	$9.90 - $10.59
Q3 2019	218,336	$4,069	$10.07	$9.69 - $10.53
Q2 2019	218,336	$3,917	$9.39	$9.08 - $9.82
Q1 2019	218,336	$3,742	$8.68	$7.88 - $9.11
Q4 2018	214,581	$3,343	$8.36	$7.47 - $8.87
Q3 2018	214,581	$3,689	$8.47	$8.03 - $8.77
Q2 2018	320,060	$5,265	$7.94	$7.42 - $8.28
Q1 2018	148,053	$2,350	$7.48	$7.06 - $7.79
Q4 2017	148,053	$2,327	$7.48	$7.21 - $7.65
Q3 2017	318,263	$5,216	$7.28	$7.04 - $7.54
Q2 2017	348,019	$5,701	$7.41	$7.10 - $7.75
Q1 2017	319,773	$5,558	$7.44	$6.98 - $7.70
Q4 2016	193,163	$3,185	$6.62	$6.28 - $7.14
Q3 2016	263,423	$4,083	$6.30	$5.66 - $6.71
Q2 2016	398,533	$5,659	$5.94	$5.67 - $6.15
Q1 2016	418,013	$6,203	$5.37	$4.77 - $5.91
Q4 2015	418,013	$5,957	$5.76	$5.23 - $6.03
Q3 2015	565,313	$8,186	$5.81	$4.05 - $6.14
Q2 2015	562,051	$9,251	$6.04	$5.73 - $6.25
Q1 2015	515,064	$8,844	$5.89	$5.44 - $6.24
Q4 2014	154,581	$2,412	$5.49	$5.03 - $5.64