ARES CAPITAL CORP

Ticker: ARCC CUSIP: 04010L103 Class: COM

TECTONIC ADVISORS LLC's Holding History (CIK: 0001859918)

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

Q4 2025

Shares 662,533 Value ($000) $13,403 Avg Close $19.79 Range $18.36 - $20.64

Q3 2025

Shares 598,042 Value ($000) $12,206 Avg Close $21.33 Range $19.60 - $22.39

Q2 2025

Shares 535,155 Value ($000) $11,752 Avg Close $19.97 Range $17.08 - $21.13

Q1 2025

Shares 467,953 Value ($000) $10,370 Avg Close $20.85 Range $19.58 - $21.80

Q4 2024

Shares 435,220 Value ($000) $9,527 Avg Close $19.38 Range $18.52 - $20.24

Q3 2024

Shares 383,034 Value ($000) $8,021 Avg Close $18.23 Range $16.88 - $18.78

Q2 2024

Shares 318,510 Value ($000) $6,638 Avg Close $17.90 Range $17.19 - $18.65

Q1 2024

Shares 285,115 Value ($000) $5,936 Avg Close $16.97 Range $16.50 - $17.82

Q4 2023

Shares 260,330 Value ($000) $5,214 Avg Close $15.96 Range $15.11 - $16.83

Q3 2023

Shares 241,587 Value ($000) $4,704 Avg Close $15.48 Range $14.81 - $16.12

Q2 2023

Shares 215,290 Value ($000) $4,045 Avg Close $14.38 Range $13.58 - $15.16

Q1 2023

Shares 187,884 Value ($000) $3,434 Avg Close $14.33 Range $12.98 - $15.20

Q4 2022

Shares 147,709 Value ($000) $2,728 Avg Close $13.85 Range $12.13 - $14.57

Q3 2022

Shares 115,117 Value ($000) $1,943 Avg Close $13.92 Range $12.26 - $14.87

Q2 2022

Shares 90,975 Value ($000) $1,631 Avg Close $13.84 Range $12.20 - $15.83

Q1 2022

Shares 68,340 Value ($000) $1,432 Avg Close $14.63 Range $13.59 - $15.72

Q4 2021

Shares 59,313 Value ($000) $1,257 Avg Close $13.96 Range $13.29 - $14.62

Q3 2021

Shares 45,315 Value ($000) $921 Avg Close $13.21 Range $12.76 - $13.85

Q2 2021

Shares 31,545 Value ($000) $618 Avg Close $12.51 Range $11.72 - $13.01

Q1 2021

Shares 25,804 Value ($000) $483 Avg Close $11.38 Range $10.33 - $12.22

Q4 2020

Shares 16,741 Value ($000) $282 Avg Close $9.58 Range $8.32 - $10.75

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	662,533	$13,403	$19.79	$18.36 - $20.64
Q3 2025	598,042	$12,206	$21.33	$19.60 - $22.39
Q2 2025	535,155	$11,752	$19.97	$17.08 - $21.13
Q1 2025	467,953	$10,370	$20.85	$19.58 - $21.80
Q4 2024	435,220	$9,527	$19.38	$18.52 - $20.24
Q3 2024	383,034	$8,021	$18.23	$16.88 - $18.78
Q2 2024	318,510	$6,638	$17.90	$17.19 - $18.65
Q1 2024	285,115	$5,936	$16.97	$16.50 - $17.82
Q4 2023	260,330	$5,214	$15.96	$15.11 - $16.83
Q3 2023	241,587	$4,704	$15.48	$14.81 - $16.12
Q2 2023	215,290	$4,045	$14.38	$13.58 - $15.16
Q1 2023	187,884	$3,434	$14.33	$12.98 - $15.20
Q4 2022	147,709	$2,728	$13.85	$12.13 - $14.57
Q3 2022	115,117	$1,943	$13.92	$12.26 - $14.87
Q2 2022	90,975	$1,631	$13.84	$12.20 - $15.83
Q1 2022	68,340	$1,432	$14.63	$13.59 - $15.72
Q4 2021	59,313	$1,257	$13.96	$13.29 - $14.62
Q3 2021	45,315	$921	$13.21	$12.76 - $13.85
Q2 2021	31,545	$618	$12.51	$11.72 - $13.01
Q1 2021	25,804	$483	$11.38	$10.33 - $12.22
Q4 2020	16,741	$282	$9.58	$8.32 - $10.75