Capital World Investors discloses 4.7% Ares (ARES) stake in updated filing

Rhea-AI Filing Summary

Capital World Investors, an investment management division of Capital Research and Management Company and affiliates, reported its ownership in Ares Management Corp. common stock as of 12/31/2025.

The filing shows beneficial ownership of 10,129,166 shares, representing 4.7% of Ares’ 216,852,343 shares believed to be outstanding. Capital World Investors has sole voting power over 10,127,992 shares and sole dispositive power over 10,129,166 shares, with no shared voting or dispositive power.

The shares are stated to be held in the ordinary course of business and not for the purpose of changing or influencing control of Ares Management Corp.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

Ares Management Corp.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

03990B101

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 03990B101

1

Names of Reporting Persons

Capital World Investors

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 10,127,992.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,129,166.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,129,166.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.7 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Ares Management Corp.
(b)	Address of issuer's principal executive offices: 1800 Ave Of The Stars, Suite 1400, Los Angeles, CA 90067
Item 2.
(a)	Name of person filing: Capital World Investors
(b)	Address or principal business office or, if none, residence: 333 SOUTH HOPE STREET, 55TH FLOOR, LOS ANGELES, CALIFORNIA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 03990B101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 10,129,166 ** **Capital World Investors ("CWI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CWI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital World Investors." CWI is deemed to be the beneficial owner of 10,129,166 shares or 4.7% of the 216,852,343 shares believed to be outstanding.
(b)	Percent of class: 4.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 10,127,992
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 10,129,166
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Capital World Investors

Signature:	Timothy J. Moon
Name/Title:	Vice President and Senior Counsel, Capital Research and Management Company
Date:	02/10/2026

FAQ

What percentage of Ares (ARES) does Capital World Investors currently own?

Capital World Investors beneficially owns 4.7% of Ares Management Corp. The filing reports ownership of 10,129,166 common shares, compared with 216,852,343 Ares shares believed to be outstanding as of the reported date, giving Capital World Investors a 4.7% stake.

How many Ares (ARES) shares are beneficially owned by Capital World Investors?

Capital World Investors reports beneficial ownership of 10,129,166 Ares shares. This total includes 10,127,992 shares over which it has sole voting power and 10,129,166 shares over which it has sole dispositive power, with no shared voting or dispositive authority reported.

Does Capital World Investors seek control of Ares (ARES) with this stake?

No, Capital World Investors states the shares are held in the ordinary course of business. The certification explains the securities were not acquired and are not held to change or influence control of Ares, but as part of routine investment activities.

Why is Ares (ARES) ownership reported on a Schedule 13G/A?

The filing updates Capital World Investors’ beneficial ownership in Ares common stock. Schedule 13G/A is used by certain institutional investors to report equity holdings when securities are acquired in the ordinary course and not to influence or change control of the issuer.

Who signed the Ares (ARES) ownership report for Capital World Investors?

The report was signed by Timothy J. Moon. He signed in his capacity as Vice President and Senior Counsel of Capital Research and Management Company, certifying that the information about Capital World Investors’ Ares share ownership is true, complete, and correct.

What is the event date for Capital World Investors’ Ares (ARES) ownership data?

The ownership information is reported as of 12/31/2025. That date is identified as the event requiring the filing, and the reported share and percentage ownership levels reflect Capital World Investors’ position in Ares common stock on that day.