Ares Management Corp (ARES)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Vanguard Group Inc	19,189,991	$2,813,444,579	0.05%
2.	Blackrock, Inc.	12,783,274	$1,874,155,676	0.04%
3.	Massachusetts Financial Services Co	5,023,985	$736,566,440	0.24%
4.	Brown Advisory Inc	3,685,608	$540,346,928	0.77%
5.	Principal Financial Group Inc	3,354,032	$491,734,684	0.28%