ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

Clearbridge Investments, LLC's Holding History (CIK: 0001348883)

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

Q4 2025

Shares 1,644,729 Value ($000) $33,273 Avg Close $19.79 Range $18.36 - $20.64

Q3 2025

Shares 1,644,729 Value ($000) $33,569 Avg Close $21.33 Range $19.60 - $22.39

Q2 2025

Shares 1,607,212 Value ($000) $35,294 Avg Close $19.97 Range $17.08 - $21.13

Q1 2025

Shares 1,529,612 Value ($000) $33,896 Avg Close $20.85 Range $19.58 - $21.80

Q4 2024

Shares 1,399,012 Value ($000) $30,624 Avg Close $19.38 Range $18.52 - $20.24

Q3 2024

Shares 1,265,812 Value ($000) $26,506 Avg Close $18.23 Range $16.88 - $18.78

Q2 2024

Shares 1,143,576 Value ($000) $23,832 Avg Close $17.90 Range $17.19 - $18.65

Q1 2024

Shares 1,160,518 Value ($000) $24,162 Avg Close $16.97 Range $16.50 - $17.82

Q4 2023

Shares 1,162,008 Value ($000) $23,275 Avg Close $15.96 Range $15.11 - $16.83

Q3 2023

Shares 1,163,458 Value ($000) $22,653 Avg Close $15.48 Range $14.81 - $16.12

Q2 2023

Shares 1,165,178 Value ($000) $21,894 Avg Close $14.38 Range $13.58 - $15.16

Q1 2023

Shares 876,991 Value ($000) $16,027 Avg Close $14.33 Range $12.98 - $15.20

Q4 2022

Shares 584,751 Value ($000) $10,800 Avg Close $13.85 Range $12.13 - $14.57

Q3 2022

Shares 271,791 Value ($000) $4,588 Avg Close $13.92 Range $12.26 - $14.87

Q2 2022

Shares 272,899 Value ($000) $4,893 Avg Close $13.84 Range $12.20 - $15.83

Q1 2022

Shares 273,706 Value ($000) $5,734 Avg Close $14.63 Range $13.59 - $15.72

Q4 2021

Shares 293,118 Value ($000) $6,211 Avg Close $13.96 Range $13.29 - $14.62

Q3 2021

Shares 315,629 Value ($000) $6,417 Avg Close $13.21 Range $12.76 - $13.85

Q2 2021

Shares 341,045 Value ($000) $6,681 Avg Close $12.51 Range $11.72 - $13.01

Q1 2021

Shares 417,510 Value ($000) $7,812 Avg Close $11.38 Range $10.33 - $12.22

Q4 2020

Shares 525,030 Value ($000) $8,868 Avg Close $9.58 Range $8.32 - $10.75

Q3 2020

Shares 525,150 Value ($000) $7,326 Avg Close $8.55 Range $8.07 - $9.08

Q2 2020

Shares 525,150 Value ($000) $7,588 Avg Close $7.90 Range $5.17 - $9.48

Q1 2020

Shares 539,580 Value ($000) $5,817 Avg Close $9.57 Range $4.60 - $10.93

Q4 2019

Shares 1,283,150 Value ($000) $23,944 Avg Close $10.31 Range $9.90 - $10.59

Q3 2019

Shares 1,231,776 Value ($000) $22,954 Avg Close $10.07 Range $9.69 - $10.53

Q2 2019

Shares 1,159,419 Value ($000) $20,800 Avg Close $9.39 Range $9.08 - $9.82

Q1 2019

Shares 1,160,759 Value ($000) $19,895 Avg Close $8.68 Range $7.88 - $9.11

Q4 2018

Shares 1,103,509 Value ($000) $17,193 Avg Close $8.36 Range $7.47 - $8.87

Q3 2018

Shares 1,587,049 Value ($000) $27,281 Avg Close $8.47 Range $8.03 - $8.77

Q2 2018

Shares 1,834,869 Value ($000) $30,184 Avg Close $7.94 Range $7.42 - $8.28

Q1 2018

Shares 1,975,550 Value ($000) $31,352 Avg Close $7.48 Range $7.06 - $7.79

Q4 2017

Shares 2,175,710 Value ($000) $34,202 Avg Close $7.48 Range $7.21 - $7.65

Q3 2017

Shares 2,948,000 Value ($000) $48,318 Avg Close $7.28 Range $7.04 - $7.54

Q2 2017

Shares 2,955,000 Value ($000) $48,403 Avg Close $7.41 Range $7.10 - $7.75

Q1 2017

Shares 3,004,000 Value ($000) $52,210 Avg Close $7.44 Range $6.98 - $7.70

Q4 2016

Shares 2,278,020 Value ($000) $37,565 Avg Close $6.62 Range $6.28 - $7.14

Q3 2016

Shares 2,470,330 Value ($000) $38,290 Avg Close $6.30 Range $5.66 - $6.71

Q2 2016

Shares 2,444,330 Value ($000) $34,709 Avg Close $5.94 Range $5.67 - $6.15

Q1 2016

Shares 2,444,330 Value ($000) $36,274 Avg Close $5.37 Range $4.77 - $5.91

Q4 2015

Shares 2,575,988 Value ($000) $36,708 Avg Close $5.76 Range $5.23 - $6.03

Q3 2015

Shares 3,181,550 Value ($000) $46,069 Avg Close $5.81 Range $4.05 - $6.14

Q2 2015

Shares 3,946,700 Value ($000) $64,963 Avg Close $6.04 Range $5.73 - $6.25

Q1 2015

Shares 4,591,750 Value ($000) $78,840 Avg Close $5.89 Range $5.44 - $6.24

Q4 2014

Shares 4,598,469 Value ($000) $71,759 Avg Close $5.49 Range $5.03 - $5.64

Q3 2014

Shares 4,459,500 Value ($000) $72,066 Avg Close $5.68 Range $5.43 - $6.00

Q2 2014

Shares 3,995,830 Value ($000) $71,366 Avg Close $5.65 Range $5.39 - $6.00

Q1 2014

Shares 4,118,150 Value ($000) $72,562 Avg Close $5.73 Range $5.59 - $5.95

Q4 2013

Shares 4,027,700 Value ($000) $71,572 Avg Close $5.52 Range $5.29 - $5.75

Q3 2013

Shares 3,901,520 Value ($000) $67,457 Avg Close $5.37 Range $5.17 - $5.58

Q2 2013

Shares 3,068,760 Value ($000) $52,783 Avg Close $5.23 Range $4.93 - $5.49

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,644,729	$33,273	$19.79	$18.36 - $20.64
Q3 2025	1,644,729	$33,569	$21.33	$19.60 - $22.39
Q2 2025	1,607,212	$35,294	$19.97	$17.08 - $21.13
Q1 2025	1,529,612	$33,896	$20.85	$19.58 - $21.80
Q4 2024	1,399,012	$30,624	$19.38	$18.52 - $20.24
Q3 2024	1,265,812	$26,506	$18.23	$16.88 - $18.78
Q2 2024	1,143,576	$23,832	$17.90	$17.19 - $18.65
Q1 2024	1,160,518	$24,162	$16.97	$16.50 - $17.82
Q4 2023	1,162,008	$23,275	$15.96	$15.11 - $16.83
Q3 2023	1,163,458	$22,653	$15.48	$14.81 - $16.12
Q2 2023	1,165,178	$21,894	$14.38	$13.58 - $15.16
Q1 2023	876,991	$16,027	$14.33	$12.98 - $15.20
Q4 2022	584,751	$10,800	$13.85	$12.13 - $14.57
Q3 2022	271,791	$4,588	$13.92	$12.26 - $14.87
Q2 2022	272,899	$4,893	$13.84	$12.20 - $15.83
Q1 2022	273,706	$5,734	$14.63	$13.59 - $15.72
Q4 2021	293,118	$6,211	$13.96	$13.29 - $14.62
Q3 2021	315,629	$6,417	$13.21	$12.76 - $13.85
Q2 2021	341,045	$6,681	$12.51	$11.72 - $13.01
Q1 2021	417,510	$7,812	$11.38	$10.33 - $12.22
Q4 2020	525,030	$8,868	$9.58	$8.32 - $10.75
Q3 2020	525,150	$7,326	$8.55	$8.07 - $9.08
Q2 2020	525,150	$7,588	$7.90	$5.17 - $9.48
Q1 2020	539,580	$5,817	$9.57	$4.60 - $10.93
Q4 2019	1,283,150	$23,944	$10.31	$9.90 - $10.59
Q3 2019	1,231,776	$22,954	$10.07	$9.69 - $10.53
Q2 2019	1,159,419	$20,800	$9.39	$9.08 - $9.82
Q1 2019	1,160,759	$19,895	$8.68	$7.88 - $9.11
Q4 2018	1,103,509	$17,193	$8.36	$7.47 - $8.87
Q3 2018	1,587,049	$27,281	$8.47	$8.03 - $8.77
Q2 2018	1,834,869	$30,184	$7.94	$7.42 - $8.28
Q1 2018	1,975,550	$31,352	$7.48	$7.06 - $7.79
Q4 2017	2,175,710	$34,202	$7.48	$7.21 - $7.65
Q3 2017	2,948,000	$48,318	$7.28	$7.04 - $7.54
Q2 2017	2,955,000	$48,403	$7.41	$7.10 - $7.75
Q1 2017	3,004,000	$52,210	$7.44	$6.98 - $7.70
Q4 2016	2,278,020	$37,565	$6.62	$6.28 - $7.14
Q3 2016	2,470,330	$38,290	$6.30	$5.66 - $6.71
Q2 2016	2,444,330	$34,709	$5.94	$5.67 - $6.15
Q1 2016	2,444,330	$36,274	$5.37	$4.77 - $5.91
Q4 2015	2,575,988	$36,708	$5.76	$5.23 - $6.03
Q3 2015	3,181,550	$46,069	$5.81	$4.05 - $6.14
Q2 2015	3,946,700	$64,963	$6.04	$5.73 - $6.25
Q1 2015	4,591,750	$78,840	$5.89	$5.44 - $6.24
Q4 2014	4,598,469	$71,759	$5.49	$5.03 - $5.64
Q3 2014	4,459,500	$72,066	$5.68	$5.43 - $6.00
Q2 2014	3,995,830	$71,366	$5.65	$5.39 - $6.00
Q1 2014	4,118,150	$72,562	$5.73	$5.59 - $5.95
Q4 2013	4,027,700	$71,572	$5.52	$5.29 - $5.75
Q3 2013	3,901,520	$67,457	$5.37	$5.17 - $5.58
Q2 2013	3,068,760	$52,783	$5.23	$4.93 - $5.49