FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Ares Partners Holdco LLC (Last) (First) (Middle) C/O ARES MANAGEMENT LLC 1800 AVENUE OF THE STARS, SUITE 1400 (Street) LOS ANGELES CA 90067 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 06/29/2026	3. Issuer Name and Ticker or Trading Symbol Ares Acquisition Corp III [ AAC ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B ordinary shares	(1)	(1)	Class A ordinary shares	9,918,750 (2)	(1)	D (3) (4) (5)
Private placement warrants	(6)	(6)	Class A ordinary shares	6,800,000	11.5	D (3) (4) (5)

Explanation of Responses:

1. As described in the registration statement filed by Ares Acquisition Corporation III (the "issuer") on Form S-1 (File No. 333-296746) (as amended from time to time, the "Registration Statement") under the heading "Description of Securities--Founder Shares," the Class B ordinary shares, par value $0.0001 per share will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer upon the completion of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment as described in the Registration Statement. The Class B ordinary shares have no expiration date.

2. The Class B ordinary shares reported herein include up to 1,293,750 shares that are subject to forfeiture to the extent the underwriters of the initial public offering of the issuer's securities do not exercise in full their over-allotment option as described in the Registration Statement.

3. Ares Partners Holdco LLC ("Ares Partners") is the sole member of each of Ares Voting LLC ("Ares Voting") and Ares Management GP LLC ("Ares Management GP"), which are respectively the holders of the Class B and Class C common stock of Ares Management Corporation ("Ares Management"), which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco LLC ("Ares Holdco" and together with each of the foregoing entities, the "Ares Entities"), which is the general partner of Ares Holdings L.P. ("Ares Holdings").

4. Ares Holdings is the sole shareholder of Ares Acquisition Holdings III, which is the general partner of Ares Acquisition Holdings III LP (the "sponsor"). The sponsor directly holds the securities reported herein. Each of the Ares Entities and Ares Holdings may be deemed to share beneficial ownership of the securities directly held by the sponsor, but each of the foregoing disclaims beneficial ownership of such securities except to the extent of its respective pecuniary interest therein.

5. Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over the Board Members' decisions. Each of these individuals expressly disclaims beneficial ownership of the securities that may be deemed to be beneficially owned by Ares Partners, except to the extent of their respective pecuniary interest therein. The principal business office of the sponsor, the Ares Entities and Ares Holdings is c/o Ares Management LLC, 1800 Avenue of the Stars, Suite 1400, Los Angeles, CA 90067.

6. As described in the Registration Statement, the reported warrants become exercisable 30 days after the completion of the Issuer's initial business combination and expire five (5) years after the completion of the issuer's initial business combination.

	Ares Partners Holdco LLC By: /s/ Anton Feingold; Authorized Signatory	06/29/2026
	** Signature of Reporting Person	Date
	Ares Acquisition Holdings III LP By: /s/ Anton Feingold; Authorized Signatory	06/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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