Ares Management Corporation
US ˙ NYSE ˙ US03990B1017

SecurityARES / Ares Management Corporation
InstitutionVanguard Group Inc
Latest Disclosed Ownership26,049,790 shares
Ownership 12.01%
Vanguard Group Inc ownership in ARES / Ares Management Corporation

2026-01-30 - Vanguard Group Inc has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 26,049,790 shares of Ares Management Corporation (US:ARES). This represents 12.01 percent ownership of the company. In their previous filing dated 2025-10-06 , Vanguard Group Inc had reported owning 21,675,835 shares, indicating an increase of 20.18 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2026-01-30 2026-01-30 13G/A 21,675,835 26,049,790 20.18 12.01 19.74
2025-10-06 2025-10-06 13G/A 16,388,890 21,675,835 32.26 10.03 13.59
2024-02-13 2024-02-13 13G/A 14,790,463 16,388,890 10.81 8.83 3.52
2023-02-09 2023-02-09 13G/A 13,579,629 14,790,463 8.92 8.53 5.31
2022-02-09 2022-02-09 13G/A 9,488,411 13,579,629 43.12 8.10 22.73
2021-02-10 2021-02-10 13G/A 6,892,687 9,488,411 37.66 6.60 10.00
2020-02-12 2020-02-12 13G/A 5,710,502 6,892,687 20.70 6.00 6.76
2019-02-11 2019-02-11 13G 5,710,502 5.62
2019-02-11 2019-02-11 13G 5,710,502 5.62

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-01-29 2025-12-31 13F ARES MANAGEMENT CL A COM STK 03990B101 26,050,425 4,373,955 20.18 4,210,530 21.49 0.0610
2025-11-07 2025-09-30 13F ARES MANAGEMENT CL A COM STK 03990B101 21,676,470 740,103 3.54 3,465,851 -4.42 0.0519
2025-08-11 2025-06-30 13F ARES MANAGEMENT CL A COM STK 03990B101 20,936,367 1,746,376 9.10 3,626,179 28.89 0.0587
2025-05-09 2025-03-31 13F ARES MANAGEMENT CL A COM STK 03990B101 19,189,991 382,273 2.03 2,813,445 -15.50 0.0509
2025-02-11 2024-12-31 13F ARES MANAGEMENT CL A COM STK 03990B101 18,807,718 907,757 5.07 3,329,530 19.36 0.0580
2024-11-13 2024-09-30 13F ARES MANAGEMENT CL A COM STK 03990B101 17,899,961 -120,455 -0.67 2,789,530 16.15 0.0500
2024-08-13 2024-06-30 13F ARES MANAGEMENT CL A COM STK 03990B101 18,020,416 1,421,071 8.56 2,401,761 8.81 0.0461
2024-05-10 2024-03-31 13F ARES MANAGEMENT CL A COM STK 03990B101 16,599,345 206,996 1.26 2,207,381 13.24 0.0437
2024-03-11 2023-12-31 13F/A-1 ARES MANAGEMENT CL A COM STK 03990B101 16,392,349 631,334 4.01 1,949,378 20.23 0.0426
2024-02-14 2023-12-31 13F ARES MANAGEMENT CL A COM STK 03990B101 16,392,349 631,334 1,949,378 0.0370
2023-12-18 2023-09-30 13F/A-1 ARES MANAGEMENT CL A COM STK 03990B101 15,761,015 273,645 1.77 1,621,336 8.65 0.0398
2023-11-14 2023-09-30 13F ARES MANAGEMENT CL A COM STK 03990B101 15,761,015 273,645 1,621,336 0.0072
2023-08-14 2023-06-30 13F ARES MANAGEMENT CL A COM STK 03990B101 15,487,370 506,339 3.38 1,492,208 19.38 0.0354
2023-07-14 2023-03-31 13F/A-1 ARES MANAGEMENT CL A COM STK 03990B101 14,981,031 190,568 1.29 1,250,017 23.49 0.0318
2023-05-15 2023-03-31 13F ARES MANAGEMENT CL A COM STK 03990B101 14,977,336 186,873 1,249,709 0.0318
2023-02-10 2022-12-31 13F ARES MANAGEMENT CL A COM STK 03990B101 14,790,463 974,280 7.05 1,012,259 18.27 0.0276
2022-11-14 2022-09-30 13F ARES MANAGEMENT CL A COM STK 03990B101 13,816,183 -747,671 -5.13 855,913 3.36 0.0252
2022-08-12 2022-06-30 13F ARES MANAGEMENT CL A COM STK 03990B101 14,563,854 525,579 3.74 828,101 -27.38 0.0233
2022-05-13 2022-03-31 13F ARES MANAGEMENT CL A COM STK 03990B101 14,038,275 458,646 3.38 1,140,328 3.33 0.0270
2022-02-14 2021-12-31 13F ARES MANAGEMENT CL A COM STK 03990B101 13,579,629 -694,242 -4.86 1,103,616 4.72 0.0251
2021-11-12 2021-09-30 13F ARES MANAGEMENT CL A COM STK 03990B101 14,273,871 777,129 5.76 1,053,839 22.79 0.0262
2021-08-13 2021-06-30 13F ARES MANAGEMENT CL A COM STK 03990B101 13,496,742 1,391,706 11.50 858,257 26.54 0.0214
2021-05-14 2021-03-31 13F ARES MANAGEMENT CL A COM STK 03990B101 12,105,036 2,616,625 27.58 678,245 51.93 0.0183
2021-02-12 2020-12-31 13F ARES MANAGEMENT CL A COM STK 03990B101 9,488,411 269,112 2.92 446,429 19.80 0.0129
2020-11-16 2020-09-30 13F ARES MANAGEMENT CL A COM STK 03990B101 9,219,299 826,434 9.85 372,643 11.84 0.0123
2020-08-14 2020-06-30 13F ARES MANAGEMENT CL A COM STK 03990B101 8,392,865 1,289,571 18.15 333,197 51.66 0.0118
2020-05-15 2020-03-31 13F ARES MANAGEMENT CL A COM STK 03990B101 7,103,294 210,607 3.06 219,704 -10.69 0.0094
2020-02-14 2019-12-31 13F ARES MANAGEMENT CL A COM STK 03990B101 6,892,687 32,888 0.48 246,000 33.76 0.0084
2019-11-14 2019-09-30 13F ARES MANAGEMENT CL A COM STK 03990B101 6,859,799 1,094,155 18.98 183,911 21.89 0.0068
2019-08-14 2019-06-30 13F ARES MANAGEMENT CL A COM STK 03990B101 5,765,644 1,213,194 26.65 150,887 42.80 0.0057
2019-05-15 2019-03-31 13F ARES MANAGEMENT CL A COM STK 03990B101 4,552,450 -1,158,052 -20.28 105,664 4.07 0.0041
2019-02-14 2018-12-31 13F ARES MANAGEMENT CL A COM STK 03990B101 5,710,502 5,710,502 101,532 0.0046
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.