Philadelphia Financial Management of San Francisco’s Ares Management ARES Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2025 Q1	–	Sell	-46,183	Closed	-$8.18M	–	46
2024 Q4	$8.18M	Buy	+46,183	New	+$8.18M	1.16%	25
2024 Q1	–	Sell	-43,403	Closed	-$5.16M	–	41
2023 Q4	$5.16M	Buy	+43,403	New	+$5.16M	0.91%	30