ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

Cambridge Investment Research Advisors, Inc.'s Holding History (CIK: 0001419186)

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

Q4 2025

Shares 1,051,488 Value ($000) $21 Avg Close $19.79 Range $18.36 - $20.64

Q3 2025

Shares 1,070,899 Value ($000) $22 Avg Close $21.33 Range $19.60 - $22.39

Q2 2025

Shares 1,132,480 Value ($000) $25 Avg Close $19.97 Range $17.08 - $21.13

Q1 2025

Shares 1,076,008 Value ($000) $24 Avg Close $20.85 Range $19.58 - $21.80

Q4 2024

Shares 1,008,411 Value ($000) $22 Avg Close $19.38 Range $18.52 - $20.24

Q3 2024

Shares 965,971 Value ($000) $20 Avg Close $18.23 Range $16.88 - $18.78

Q2 2024

Shares 870,646 Value ($000) $18 Avg Close $17.90 Range $17.19 - $18.65

Q1 2024

Shares 854,650 Value ($000) $18 Avg Close $16.97 Range $16.50 - $17.82

Q4 2023

Shares 828,779 Value ($000) $17 Avg Close $15.96 Range $15.11 - $16.83

Q3 2023

Shares 792,143 Value ($000) $15 Avg Close $15.48 Range $14.81 - $16.12

Q2 2023

Shares 773,448 Value ($000) $15 Avg Close $14.38 Range $13.58 - $15.16

Q1 2023

Shares 756,412 Value ($000) $14 Avg Close $14.33 Range $12.98 - $15.20

Q4 2022

Shares 720,152 Value ($000) $13 Avg Close $13.85 Range $12.13 - $14.57

Q3 2022

Shares 630,413 Value ($000) $10,641 Avg Close $13.92 Range $12.26 - $14.87

Q2 2022

Shares 585,831 Value ($000) $10,504 Avg Close $13.84 Range $12.20 - $15.83

Q1 2022

Shares 548,176 Value ($000) $11,484 Avg Close $14.63 Range $13.59 - $15.72

Q4 2021

Shares 517,554 Value ($000) $10,967 Avg Close $13.96 Range $13.29 - $14.62

Q3 2021

Shares 493,250 Value ($000) $10,028 Avg Close $13.21 Range $12.76 - $13.85

Q2 2021

Shares 455,396 Value ($000) $8,921 Avg Close $12.51 Range $11.72 - $13.01

Q1 2021

Shares 424,997 Value ($000) $7,952 Avg Close $11.38 Range $10.33 - $12.22

Q4 2020

Shares 368,992 Value ($000) $6,232 Avg Close $9.58 Range $8.32 - $10.75

Q3 2020

Shares 356,745 Value ($000) $4,977 Avg Close $8.55 Range $8.07 - $9.08

Q2 2020

Shares 354,254 Value ($000) $5,119 Avg Close $7.90 Range $5.17 - $9.48

Q1 2020

Shares 358,034 Value ($000) $3,860 Avg Close $9.57 Range $4.60 - $10.93

Q4 2019

Shares 314,254 Value ($000) $5,861 Avg Close $10.31 Range $9.90 - $10.59

Q3 2019

Shares 272,000 Value ($000) $5,069 Avg Close $10.07 Range $9.69 - $10.53

Q2 2019

Shares 225,931 Value ($000) $4,053 Avg Close $9.39 Range $9.08 - $9.82

Q1 2019

Shares 240,553 Value ($000) $4,123 Avg Close $8.68 Range $7.88 - $9.11

Q4 2018

Shares 217,344 Value ($000) $3,386 Avg Close $8.36 Range $7.47 - $8.87

Q3 2018

Shares 181,200 Value ($000) $3,115 Avg Close $8.47 Range $8.03 - $8.77

Q2 2018

Shares 161,556 Value ($000) $2,658 Avg Close $7.94 Range $7.42 - $8.28

Q1 2018

Shares 133,862 Value ($000) $2,124 Avg Close $7.48 Range $7.06 - $7.79

Q4 2017

Shares 129,819 Value ($000) $2,041 Avg Close $7.48 Range $7.21 - $7.65

Q3 2017

Shares 132,120 Value ($000) $2,165 Avg Close $7.28 Range $7.04 - $7.54

Q2 2017

Shares 132,495 Value ($000) $2,170 Avg Close $7.41 Range $7.10 - $7.75

Q1 2017

Shares 138,922 Value ($000) $2,414 Avg Close $7.44 Range $6.98 - $7.70

Q4 2016

Shares 128,989 Value ($000) $2,127 Avg Close $6.62 Range $6.28 - $7.14

Q3 2016

Shares 125,049 Value ($000) $1,938 Avg Close $6.30 Range $5.66 - $6.71

Q2 2016

Shares 161,823 Value ($000) $2,298 Avg Close $5.94 Range $5.67 - $6.15

Q1 2016

Shares 120,119 Value ($000) $1,783 Avg Close $5.37 Range $4.77 - $5.91

Q4 2015

Shares 124,467 Value ($000) $1,774 Avg Close $5.76 Range $5.23 - $6.03

Q3 2015

Shares 129,173 Value ($000) $1,870 Avg Close $5.81 Range $4.05 - $6.14

Q2 2015

Shares 122,487 Value ($000) $2,016 Avg Close $6.04 Range $5.73 - $6.25

Q1 2015

Shares 118,290 Value ($000) $2,031 Avg Close $5.89 Range $5.44 - $6.24

Q4 2014

Shares 115,156 Value ($000) $1,797 Avg Close $5.49 Range $5.03 - $5.64

Q3 2014

Shares 109,641 Value ($000) $1,772 Avg Close $5.68 Range $5.43 - $6.00

Q2 2014

Shares 104,048 Value ($000) $1,858 Avg Close $5.65 Range $5.39 - $6.00

Q1 2014

Shares 96,780 Value ($000) $1,705 Avg Close $5.73 Range $5.59 - $5.95

Q4 2013

Shares 61,309 Value ($000) $1,089 Avg Close $5.52 Range $5.29 - $5.75

Q3 2013

Shares 44,526 Value ($000) $770 Avg Close $5.37 Range $5.17 - $5.58

Q2 2013

Shares 23,644 Value ($000) $407 Avg Close $5.23 Range $4.93 - $5.49

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,051,488	$21	$19.79	$18.36 - $20.64
Q3 2025	1,070,899	$22	$21.33	$19.60 - $22.39
Q2 2025	1,132,480	$25	$19.97	$17.08 - $21.13
Q1 2025	1,076,008	$24	$20.85	$19.58 - $21.80
Q4 2024	1,008,411	$22	$19.38	$18.52 - $20.24
Q3 2024	965,971	$20	$18.23	$16.88 - $18.78
Q2 2024	870,646	$18	$17.90	$17.19 - $18.65
Q1 2024	854,650	$18	$16.97	$16.50 - $17.82
Q4 2023	828,779	$17	$15.96	$15.11 - $16.83
Q3 2023	792,143	$15	$15.48	$14.81 - $16.12
Q2 2023	773,448	$15	$14.38	$13.58 - $15.16
Q1 2023	756,412	$14	$14.33	$12.98 - $15.20
Q4 2022	720,152	$13	$13.85	$12.13 - $14.57
Q3 2022	630,413	$10,641	$13.92	$12.26 - $14.87
Q2 2022	585,831	$10,504	$13.84	$12.20 - $15.83
Q1 2022	548,176	$11,484	$14.63	$13.59 - $15.72
Q4 2021	517,554	$10,967	$13.96	$13.29 - $14.62
Q3 2021	493,250	$10,028	$13.21	$12.76 - $13.85
Q2 2021	455,396	$8,921	$12.51	$11.72 - $13.01
Q1 2021	424,997	$7,952	$11.38	$10.33 - $12.22
Q4 2020	368,992	$6,232	$9.58	$8.32 - $10.75
Q3 2020	356,745	$4,977	$8.55	$8.07 - $9.08
Q2 2020	354,254	$5,119	$7.90	$5.17 - $9.48
Q1 2020	358,034	$3,860	$9.57	$4.60 - $10.93
Q4 2019	314,254	$5,861	$10.31	$9.90 - $10.59
Q3 2019	272,000	$5,069	$10.07	$9.69 - $10.53
Q2 2019	225,931	$4,053	$9.39	$9.08 - $9.82
Q1 2019	240,553	$4,123	$8.68	$7.88 - $9.11
Q4 2018	217,344	$3,386	$8.36	$7.47 - $8.87
Q3 2018	181,200	$3,115	$8.47	$8.03 - $8.77
Q2 2018	161,556	$2,658	$7.94	$7.42 - $8.28
Q1 2018	133,862	$2,124	$7.48	$7.06 - $7.79
Q4 2017	129,819	$2,041	$7.48	$7.21 - $7.65
Q3 2017	132,120	$2,165	$7.28	$7.04 - $7.54
Q2 2017	132,495	$2,170	$7.41	$7.10 - $7.75
Q1 2017	138,922	$2,414	$7.44	$6.98 - $7.70
Q4 2016	128,989	$2,127	$6.62	$6.28 - $7.14
Q3 2016	125,049	$1,938	$6.30	$5.66 - $6.71
Q2 2016	161,823	$2,298	$5.94	$5.67 - $6.15
Q1 2016	120,119	$1,783	$5.37	$4.77 - $5.91
Q4 2015	124,467	$1,774	$5.76	$5.23 - $6.03
Q3 2015	129,173	$1,870	$5.81	$4.05 - $6.14
Q2 2015	122,487	$2,016	$6.04	$5.73 - $6.25
Q1 2015	118,290	$2,031	$5.89	$5.44 - $6.24
Q4 2014	115,156	$1,797	$5.49	$5.03 - $5.64
Q3 2014	109,641	$1,772	$5.68	$5.43 - $6.00
Q2 2014	104,048	$1,858	$5.65	$5.39 - $6.00
Q1 2014	96,780	$1,705	$5.73	$5.59 - $5.95
Q4 2013	61,309	$1,089	$5.52	$5.29 - $5.75
Q3 2013	44,526	$770	$5.37	$5.17 - $5.58
Q2 2013	23,644	$407	$5.23	$4.93 - $5.49