Kavar Capital Partners Group’s Ares Management ARES Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-2,000	Closed	-$34K	–	478
2015 Q3	$34K	Sell	2,000 -1,000	-33%	-$17K	0.02%	191
2015 Q2	$55K	Buy	+3,000	New	+$55K	0.04%	175