Vanguard Portfolio Management LLC filed a Schedule 13G with the SEC on October 30, 2026, disclosing beneficial ownership of 11,267,564 shares of Ares Management Corp common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Vanguard Portfolio Management reported holding 11,267,564 shares of Ares Management Corp common stock, representing 5.03% of the class.
  • Sole dispositive power: Vanguard Portfolio Management holds sole power to dispose of all 11,267,564 shares reported.
  • Sole voting power: Sole voting power covers only 50,404 shares, with shared voting power reported as 0.
  • Affiliated entities included: The filing covers securities held through Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, as well as Vanguard funds and managed accounts.
  • No single outside interest above 5%: According to the filing, no one other person's interest in the reported securities exceeds 5%.
  • Filing date: The statement was signed by My Trieu-Gatt, Authorized Signatory and Head of Global Fund Administration, and dated October 30, 2026.

Vanguard Portfolio Management's 13G Position in Ares Management Corp

Vanguard Portfolio Management LLC, organized in Pennsylvania and classified as an investment adviser, filed a Schedule 13G reporting a 5.03% beneficial ownership stake in Ares Management Corp (NYSE:ARES) common stock (CUSIP 03990B101). The event triggering the filing occurred on September 30, 2026, according to the document. The issuer's principal executive offices are listed at 2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067.

According to the filing, the 11,267,564 shares reported as beneficially owned include securities held by Vanguard funds or sleeves thereof over which Vanguard Portfolio Management LLC exercises dispositive power, as well as securities held by clients of Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC over which those affiliates exercise dispositive and/or voting power. The filing notes that it does not include securities beneficially owned by other Vanguard subsidiaries or affiliates whose ownership is disaggregated from the reporting business unit under SEC Release No. 34-39538.

Vanguard Portfolio Management certified, per the filing, that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer." The statement was submitted by My Trieu-Gatt in the capacity of Authorized Signatory and Head of Global Fund Administration.

What Was Disclosed

Vanguard Portfolio Management LLC disclosed a 5.03% beneficial ownership position in Ares Management Corp common stock as of September 30, 2026, covering 11,267,564 shares with full sole dispositive power and limited sole voting power of 50,404 shares.