Ares Management Corporation
US ˙ NYSE ˙ US03990B1017

SecurityARES / Ares Management Corporation
InstitutionCIBC Private Wealth Group, LLC
Latest Disclosed Ownership545,278 shares
Latest Disclosed Value $ 88,133,303
CIBC Private Wealth Group, LLC reports 45.90% decrease in ownership of ARES / Ares Management Corporation

On February 12, 2026 - CIBC Private Wealth Group, LLC filed a 13F-HR form disclosing ownership of 545,278 shares of Ares Management Corporation (US:ARES) valued at $88,133,283 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 24, 2025 disclosing 1,007,852 shares of Ares Management Corporation. This represents a change in shares of -45.90% during the quarter. The current value of the position is $68,514,181 USD.

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)
2026-02-12 2025-12-31 13F ARES MANAGEMENT CL A COM STK 03990B101 545,278 -462,574 -45.90 88,133 -45.31
2025-11-24 2025-09-30 13F ARES MANAGEMENT CL A COM STK 03990B101 1,007,852 76,073 8.16 161,145 -0.15 0.2759
2025-08-12 2025-06-30 13F ARES MANAGEMENT CL A COM STK 03990B101 931,779 -77,250 -7.66 161,384 29.81 0.2883
2025-05-14 2025-03-31 13F ARES MANAGEMENT CL A COM STK 03990B101 1,009,029 -837,214 -45.35 124,322 -63.06 0.2626
2025-02-12 2024-12-31 13F Ares Management CL A COM STK 03990B101 1,846,243 -18,362 -0.98 336,570 15.83 0.6102
2024-11-13 2024-09-30 13F Ares Management CL A COM STK 03990B101 1,864,605 -20,121 -1.07 290,580 13.56 0.5207
2024-08-09 2024-06-30 13F Ares Management CL A COM STK 03990B101 1,884,726 -709 -0.04 255,889 2.51 0.4799
2024-05-10 2024-03-31 13F Ares Management COM CL A 03990B101 1,885,435 -12,957 -0.68 249,613 10.57 0.4889
2024-02-13 2023-12-31 13F ARES MANAGEMENT CORPORATION CL A COM STK COM 03990B101 1,898,392 -4,424 -0.23 225,757 15.33 0.4782
2023-11-13 2023-09-30 13F ARES MANAGEMENT CORPORATION CL A COM STK COM 03990B101 1,902,816 18,129 0.96 195,743 7.79 0.4632
2023-11-21 2023-06-30 13F/A-1 ARES MANAGEMENT CORPORATION CL A COM STK COM 03990B101 1,884,687 12,001 0.64 181,590 16.21 0.3970
2023-08-10 2023-06-30 13F ARES MANAGEMENT CORPORATION CL A COM STK COM 03990B101 1,884,687 12,001 181,590 0.3971
2023-11-21 2023-03-31 13F/A-1 ARES MANAGEMENT CORPORATION CL A COM CL A 03990B101 1,872,686 1,579,332 538.37 156,257 691.13 0.3459
2023-05-12 2023-03-31 13F ARES MANAGEMENT CORPORATION CL A COM CL A 03990B101 1,872,686 1,579,332 156,257 0.3396
2023-06-01 2022-12-31 13F/A-2 ARES MANAGEMENT CORPORATION CL A COM COM 03990B101 293,354 233,490 390.03 19,751 432.66 0.0663
2023-02-14 2022-12-31 13F/A-1 ARES MANAGEMENT CORPORATION CL A COM STK CL A 03990B101 293,354 233,490 20,077 0.0420
2023-02-13 2022-12-31 13F ARES MANAGEMENT CORPORATION CL A COM STK CL A 03990B101 293,354 233,490 20,077 0.0000
2022-11-15 2022-09-30 13F ARES MANAGEMENT CORPORATION CL A COM STK COM CL A 03990B101 59,864 3,704 6.60 3,708 16.13 0.0100
2022-08-03 2022-06-30 13F ARES MANAGEMENT CL A COM STK 03990B101 56,160 -2,628 -4.47 3,193 -33.13 0.0083
2022-05-16 2022-03-31 13F ARES MANAGEMENT CL A COM STK 03990B101 58,788 8,593 17.12 4,775 17.03 0.0104
2022-04-04 2021-12-31 13F/A-1 ARES MANAGEMENT CL A COM STK 03990B101 50,195 7,209 16.77 4,080 28.58 0.0085
2022-02-08 2021-12-31 13F ARES MANAGEMENT CL A COM STK 03990B101 50,195 7,209 4,080 0.0066
2021-11-12 2021-09-30 13F ARES MANAGEMENT CL A COM STK 03990B101 42,986 3,749 9.55 3,173 27.17 0.0074
2021-08-16 2021-06-30 13F ARES MANAGEMENT CL A COM STK 03990B101 39,237 39,237 2,495 0.0057
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.