ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

SFMG, LLC's Holding History (CIK: 0001512026)

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

Q4 2025

Shares 364,892 Value ($000) $7,382 Avg Close $19.79 Range $18.36 - $20.64

Q3 2025

Shares 365,144 Value ($000) $7,453 Avg Close $21.33 Range $19.60 - $22.39

Q2 2025

Shares 477,010 Value ($000) $10,475 Avg Close $19.97 Range $17.08 - $21.13

Q1 2025

Shares 462,399 Value ($000) $10,247 Avg Close $20.85 Range $19.58 - $21.80

Q4 2024

Shares 444,118 Value ($000) $9,722 Avg Close $19.38 Range $18.52 - $20.24

Q3 2024

Shares 439,503 Value ($000) $9,203 Avg Close $18.23 Range $16.88 - $18.78

Q2 2024

Shares 421,447 Value ($000) $8,783 Avg Close $17.90 Range $17.19 - $18.65

Q1 2024

Shares 416,703 Value ($000) $8,676 Avg Close $16.97 Range $16.50 - $17.82

Q4 2023

Shares 398,112 Value ($000) $7,974 Avg Close $15.96 Range $15.11 - $16.83

Q3 2023

Shares 388,032 Value ($000) $7,555 Avg Close $15.48 Range $14.81 - $16.12

Q2 2023

Shares 375,266 Value ($000) $7,051 Avg Close $14.38 Range $13.58 - $15.16

Q1 2023

Shares 372,523 Value ($000) $6,808 Avg Close $14.33 Range $12.98 - $15.20

Q4 2022

Shares 365,695 Value ($000) $6,754 Avg Close $13.85 Range $12.13 - $14.57

Q3 2022

Shares 373,952 Value ($000) $6,492 Avg Close $13.92 Range $12.26 - $14.87

Q2 2022

Shares 347,770 Value ($000) $6,236 Avg Close $13.84 Range $12.20 - $15.83

Q1 2022

Shares 299,468 Value ($000) $6,274 Avg Close $14.63 Range $13.59 - $15.72

Q4 2021

Shares 283,684 Value ($000) $6,011 Avg Close $13.96 Range $13.29 - $14.62

Q3 2021

Shares 285,884 Value ($000) $5,812 Avg Close $13.21 Range $12.76 - $13.85

Q2 2021

Shares 285,884 Value ($000) $5,600 Avg Close $12.51 Range $11.72 - $13.01

Q1 2021

Shares 288,984 Value ($000) $5,407 Avg Close $11.38 Range $10.33 - $12.22

Q4 2020

Shares 303,184 Value ($000) $5,121 Avg Close $9.58 Range $8.32 - $10.75

Q3 2020

Shares 264,334 Value ($000) $3,687 Avg Close $8.55 Range $8.07 - $9.08

Q2 2020

Shares 257,039 Value ($000) $3,714 Avg Close $7.90 Range $5.17 - $9.48

Q1 2020

Shares 256,450 Value ($000) $2,765 Avg Close $9.57 Range $4.60 - $10.93

Q4 2019

Shares 248,396 Value ($000) $4,633 Avg Close $10.31 Range $9.90 - $10.59

Q3 2019

Shares 215,880 Value ($000) $4,023 Avg Close $10.07 Range $9.69 - $10.53

Q2 2019

Shares 220,480 Value ($000) $4,015 Avg Close $9.39 Range $9.08 - $9.82

Q1 2019

Shares 207,810 Value ($000) $3,562 Avg Close $8.68 Range $7.88 - $9.11

Q4 2018

Shares 202,330 Value ($000) $3,152 Avg Close $8.36 Range $7.47 - $8.87

Q3 2018

Shares 187,480 Value ($000) $3,215 Avg Close $8.47 Range $8.03 - $8.77

Q2 2018

Shares 147,530 Value ($000) $2,427 Avg Close $7.94 Range $7.42 - $8.28

Q1 2018

Shares 129,950 Value ($000) $2,062 Avg Close $7.48 Range $7.06 - $7.79

Q4 2017

Shares 114,495 Value ($000) $1,800 Avg Close $7.48 Range $7.21 - $7.65

Q3 2017

Shares 118,995 Value ($000) $1,950 Avg Close $7.28 Range $7.04 - $7.54

Q2 2017

Shares 127,595 Value ($000) $2,090 Avg Close $7.41 Range $7.10 - $7.75

Q1 2017

Shares 99,150 Value ($000) $1,723 Avg Close $7.44 Range $6.98 - $7.70

Q4 2016

Shares 99,150 Value ($000) $1,635 Avg Close $6.62 Range $6.28 - $7.14

Q3 2016

Shares 97,300 Value ($000) $1,508 Avg Close $6.30 Range $5.66 - $6.71

Q2 2016

Shares 98,800 Value ($000) $1,403 Avg Close $5.94 Range $5.67 - $6.15

Q1 2016

Shares 91,800 Value ($000) $1,362 Avg Close $5.37 Range $4.77 - $5.91

Q4 2015

Shares 91,800 Value ($000) $1,308 Avg Close $5.76 Range $5.23 - $6.03

Q3 2015

Shares 92,300 Value ($000) $1,337 Avg Close $5.81 Range $4.05 - $6.14

Q2 2015

Shares 91,800 Value ($000) $1,511 Avg Close $6.04 Range $5.73 - $6.25

Q1 2015

Shares 196,784 Value ($000) $3,379 Avg Close $5.89 Range $5.44 - $6.24

Q4 2014

Shares 71,750 Value ($000) $1,120 Avg Close $5.49 Range $5.03 - $5.64

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	364,892	$7,382	$19.79	$18.36 - $20.64
Q3 2025	365,144	$7,453	$21.33	$19.60 - $22.39
Q2 2025	477,010	$10,475	$19.97	$17.08 - $21.13
Q1 2025	462,399	$10,247	$20.85	$19.58 - $21.80
Q4 2024	444,118	$9,722	$19.38	$18.52 - $20.24
Q3 2024	439,503	$9,203	$18.23	$16.88 - $18.78
Q2 2024	421,447	$8,783	$17.90	$17.19 - $18.65
Q1 2024	416,703	$8,676	$16.97	$16.50 - $17.82
Q4 2023	398,112	$7,974	$15.96	$15.11 - $16.83
Q3 2023	388,032	$7,555	$15.48	$14.81 - $16.12
Q2 2023	375,266	$7,051	$14.38	$13.58 - $15.16
Q1 2023	372,523	$6,808	$14.33	$12.98 - $15.20
Q4 2022	365,695	$6,754	$13.85	$12.13 - $14.57
Q3 2022	373,952	$6,492	$13.92	$12.26 - $14.87
Q2 2022	347,770	$6,236	$13.84	$12.20 - $15.83
Q1 2022	299,468	$6,274	$14.63	$13.59 - $15.72
Q4 2021	283,684	$6,011	$13.96	$13.29 - $14.62
Q3 2021	285,884	$5,812	$13.21	$12.76 - $13.85
Q2 2021	285,884	$5,600	$12.51	$11.72 - $13.01
Q1 2021	288,984	$5,407	$11.38	$10.33 - $12.22
Q4 2020	303,184	$5,121	$9.58	$8.32 - $10.75
Q3 2020	264,334	$3,687	$8.55	$8.07 - $9.08
Q2 2020	257,039	$3,714	$7.90	$5.17 - $9.48
Q1 2020	256,450	$2,765	$9.57	$4.60 - $10.93
Q4 2019	248,396	$4,633	$10.31	$9.90 - $10.59
Q3 2019	215,880	$4,023	$10.07	$9.69 - $10.53
Q2 2019	220,480	$4,015	$9.39	$9.08 - $9.82
Q1 2019	207,810	$3,562	$8.68	$7.88 - $9.11
Q4 2018	202,330	$3,152	$8.36	$7.47 - $8.87
Q3 2018	187,480	$3,215	$8.47	$8.03 - $8.77
Q2 2018	147,530	$2,427	$7.94	$7.42 - $8.28
Q1 2018	129,950	$2,062	$7.48	$7.06 - $7.79
Q4 2017	114,495	$1,800	$7.48	$7.21 - $7.65
Q3 2017	118,995	$1,950	$7.28	$7.04 - $7.54
Q2 2017	127,595	$2,090	$7.41	$7.10 - $7.75
Q1 2017	99,150	$1,723	$7.44	$6.98 - $7.70
Q4 2016	99,150	$1,635	$6.62	$6.28 - $7.14
Q3 2016	97,300	$1,508	$6.30	$5.66 - $6.71
Q2 2016	98,800	$1,403	$5.94	$5.67 - $6.15
Q1 2016	91,800	$1,362	$5.37	$4.77 - $5.91
Q4 2015	91,800	$1,308	$5.76	$5.23 - $6.03
Q3 2015	92,300	$1,337	$5.81	$4.05 - $6.14
Q2 2015	91,800	$1,511	$6.04	$5.73 - $6.25
Q1 2015	196,784	$3,379	$5.89	$5.44 - $6.24
Q4 2014	71,750	$1,120	$5.49	$5.03 - $5.64