ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

BROWN ADVISORY INC's Holding History (CIK: 0001345929)

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

Q4 2025

Shares 126,166 Value ($000) $2,552 Avg Close $19.79 Range $18.36 - $20.64

Q3 2025

Shares 137,568 Value ($000) $2,808 Avg Close $21.33 Range $19.60 - $22.39

Q2 2025

Shares 137,452 Value ($000) $3,018 Avg Close $19.97 Range $17.08 - $21.13

Q1 2025

Shares 159,911 Value ($000) $3,544 Avg Close $20.85 Range $19.58 - $21.80

Q4 2024

Shares 163,006 Value ($000) $3,568 Avg Close $19.38 Range $18.52 - $20.24

Q3 2024

Shares 194,346 Value ($000) $4,070 Avg Close $18.23 Range $16.88 - $18.78

Q2 2024

Shares 182,608 Value ($000) $3,806 Avg Close $17.90 Range $17.19 - $18.65

Q1 2024

Shares 127,625 Value ($000) $2,657 Avg Close $16.97 Range $16.50 - $17.82

Q4 2023

Shares 124,396 Value ($000) $2,492 Avg Close $15.96 Range $15.11 - $16.83

Q3 2023

Shares 124,480 Value ($000) $2,424 Avg Close $15.48 Range $14.81 - $16.12

Q2 2023

Shares 125,061 Value ($000) $2,350 Avg Close $14.38 Range $13.58 - $15.16

Q1 2023

Shares 133,676 Value ($000) $2,443 Avg Close $14.33 Range $12.98 - $15.20

Q4 2022

Shares 97,512 Value ($000) $1,801 Avg Close $13.85 Range $12.13 - $14.57

Q3 2022

Shares 84,399 Value ($000) $1,423 Avg Close $13.92 Range $12.26 - $14.87

Q2 2022

Shares 82,481 Value ($000) $1,479 Avg Close $13.84 Range $12.20 - $15.83

Q1 2022

Shares 43,623 Value ($000) $913 Avg Close $14.63 Range $13.59 - $15.72

Q4 2021

Shares 51,464 Value ($000) $1,090 Avg Close $13.96 Range $13.29 - $14.62

Q3 2021

Shares 51,564 Value ($000) $1,048 Avg Close $13.21 Range $12.76 - $13.85

Q2 2021

Shares 53,431 Value ($000) $1,047 Avg Close $12.51 Range $11.72 - $13.01

Q1 2021

Shares 52,792 Value ($000) $988 Avg Close $11.38 Range $10.33 - $12.22

Q4 2020

Shares 43,480 Value ($000) $734 Avg Close $9.58 Range $8.32 - $10.75

Q3 2020

Shares 43,006 Value ($000) $601 Avg Close $8.55 Range $8.07 - $9.08

Q2 2020

Shares 56,446 Value ($000) $816 Avg Close $7.90 Range $5.17 - $9.48

Q1 2020

Shares 72,334 Value ($000) $780 Avg Close $9.57 Range $4.60 - $10.93

Q4 2019

Shares 1,557,736 Value ($000) $29,053 Avg Close $10.31 Range $9.90 - $10.59

Q3 2019

Shares 1,552,943 Value ($000) $28,940 Avg Close $10.07 Range $9.69 - $10.53

Q2 2019

Shares 1,627,723 Value ($000) $29,202 Avg Close $9.39 Range $9.08 - $9.82

Q1 2019

Shares 1,630,823 Value ($000) $27,953 Avg Close $8.68 Range $7.88 - $9.11

Q4 2018

Shares 1,906,981 Value ($000) $29,711 Avg Close $8.36 Range $7.47 - $8.87

Q3 2018

Shares 2,302,183 Value ($000) $39,574 Avg Close $8.47 Range $8.03 - $8.77

Q2 2018

Shares 2,352,165 Value ($000) $38,693 Avg Close $7.94 Range $7.42 - $8.28

Q1 2018

Shares 2,310,697 Value ($000) $36,672 Avg Close $7.48 Range $7.06 - $7.79

Q4 2017

Shares 2,288,552 Value ($000) $35,976 Avg Close $7.48 Range $7.21 - $7.65

Q3 2017

Shares 2,266,767 Value ($000) $37,153 Avg Close $7.28 Range $7.04 - $7.54

Q2 2017

Shares 2,312,291 Value ($000) $37,876 Avg Close $7.41 Range $7.10 - $7.75

Q1 2017

Shares 2,302,312 Value ($000) $40,014 Avg Close $7.44 Range $6.98 - $7.70

Q4 2016

Shares 28,669 Value ($000) $473 Avg Close $6.62 Range $6.28 - $7.14

Q3 2016

Shares 40,721 Value ($000) $631 Avg Close $6.30 Range $5.66 - $6.71

Q2 2016

Shares 45,165 Value ($000) $641 Avg Close $5.94 Range $5.67 - $6.15

Q1 2016

Shares 97,645 Value ($000) $1,449 Avg Close $5.37 Range $4.77 - $5.91

Q4 2015

Shares 380,572 Value ($000) $5,423 Avg Close $5.76 Range $5.23 - $6.03

Q3 2015

Shares 856,343 Value ($000) $12,400 Avg Close $5.81 Range $4.05 - $6.14

Q2 2015

Shares 144,058 Value ($000) $2,371 Avg Close $6.04 Range $5.73 - $6.25

Q1 2015

Shares 149,562 Value ($000) $2,568 Avg Close $5.89 Range $5.44 - $6.24

Q4 2014

Shares 150,879 Value ($000) $2,354 Avg Close $5.49 Range $5.03 - $5.64

Q3 2014

Shares 158,321 Value ($000) $2,558 Avg Close $5.68 Range $5.43 - $6.00

Q2 2014

Shares 163,921 Value ($000) $2,928 Avg Close $5.65 Range $5.39 - $6.00

Q1 2014

Shares 118,839 Value ($000) $2,094 Avg Close $5.73 Range $5.59 - $5.95

Q4 2013

Shares 114,705 Value ($000) $2,038 Avg Close $5.52 Range $5.29 - $5.75

Q3 2013

Shares 101,288 Value ($000) $1,752 Avg Close $5.37 Range $5.17 - $5.58

Q2 2013

Shares 73,389 Value ($000) $1,262 Avg Close $5.23 Range $4.93 - $5.49

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	126,166	$2,552	$19.79	$18.36 - $20.64
Q3 2025	137,568	$2,808	$21.33	$19.60 - $22.39
Q2 2025	137,452	$3,018	$19.97	$17.08 - $21.13
Q1 2025	159,911	$3,544	$20.85	$19.58 - $21.80
Q4 2024	163,006	$3,568	$19.38	$18.52 - $20.24
Q3 2024	194,346	$4,070	$18.23	$16.88 - $18.78
Q2 2024	182,608	$3,806	$17.90	$17.19 - $18.65
Q1 2024	127,625	$2,657	$16.97	$16.50 - $17.82
Q4 2023	124,396	$2,492	$15.96	$15.11 - $16.83
Q3 2023	124,480	$2,424	$15.48	$14.81 - $16.12
Q2 2023	125,061	$2,350	$14.38	$13.58 - $15.16
Q1 2023	133,676	$2,443	$14.33	$12.98 - $15.20
Q4 2022	97,512	$1,801	$13.85	$12.13 - $14.57
Q3 2022	84,399	$1,423	$13.92	$12.26 - $14.87
Q2 2022	82,481	$1,479	$13.84	$12.20 - $15.83
Q1 2022	43,623	$913	$14.63	$13.59 - $15.72
Q4 2021	51,464	$1,090	$13.96	$13.29 - $14.62
Q3 2021	51,564	$1,048	$13.21	$12.76 - $13.85
Q2 2021	53,431	$1,047	$12.51	$11.72 - $13.01
Q1 2021	52,792	$988	$11.38	$10.33 - $12.22
Q4 2020	43,480	$734	$9.58	$8.32 - $10.75
Q3 2020	43,006	$601	$8.55	$8.07 - $9.08
Q2 2020	56,446	$816	$7.90	$5.17 - $9.48
Q1 2020	72,334	$780	$9.57	$4.60 - $10.93
Q4 2019	1,557,736	$29,053	$10.31	$9.90 - $10.59
Q3 2019	1,552,943	$28,940	$10.07	$9.69 - $10.53
Q2 2019	1,627,723	$29,202	$9.39	$9.08 - $9.82
Q1 2019	1,630,823	$27,953	$8.68	$7.88 - $9.11
Q4 2018	1,906,981	$29,711	$8.36	$7.47 - $8.87
Q3 2018	2,302,183	$39,574	$8.47	$8.03 - $8.77
Q2 2018	2,352,165	$38,693	$7.94	$7.42 - $8.28
Q1 2018	2,310,697	$36,672	$7.48	$7.06 - $7.79
Q4 2017	2,288,552	$35,976	$7.48	$7.21 - $7.65
Q3 2017	2,266,767	$37,153	$7.28	$7.04 - $7.54
Q2 2017	2,312,291	$37,876	$7.41	$7.10 - $7.75
Q1 2017	2,302,312	$40,014	$7.44	$6.98 - $7.70
Q4 2016	28,669	$473	$6.62	$6.28 - $7.14
Q3 2016	40,721	$631	$6.30	$5.66 - $6.71
Q2 2016	45,165	$641	$5.94	$5.67 - $6.15
Q1 2016	97,645	$1,449	$5.37	$4.77 - $5.91
Q4 2015	380,572	$5,423	$5.76	$5.23 - $6.03
Q3 2015	856,343	$12,400	$5.81	$4.05 - $6.14
Q2 2015	144,058	$2,371	$6.04	$5.73 - $6.25
Q1 2015	149,562	$2,568	$5.89	$5.44 - $6.24
Q4 2014	150,879	$2,354	$5.49	$5.03 - $5.64
Q3 2014	158,321	$2,558	$5.68	$5.43 - $6.00
Q2 2014	163,921	$2,928	$5.65	$5.39 - $6.00
Q1 2014	118,839	$2,094	$5.73	$5.59 - $5.95
Q4 2013	114,705	$2,038	$5.52	$5.29 - $5.75
Q3 2013	101,288	$1,752	$5.37	$5.17 - $5.58
Q2 2013	73,389	$1,262	$5.23	$4.93 - $5.49