N-PORT filing recap · June 2020

What did Ariel Appreciation Fund buy in June 2020?

Reported stock-position changes between this filing and the previous one. These are Ariel Appreciation Fund's own holdings, not the firm's.

Stock value

$944.38M

Positions

Estimated turnover

21.0%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

WBAWalgreens Boots Alliance Inc$16.74Mreported value+394.9K shares SPHRSphere Entertainment Co.$9.33Mreported value+124.4K shares

Increased positions

LAZLazard, Inc.$33.19Mreported value+117.7K shares+11.3%NVSTEnvista Holdings Corporation$23.30Mreported value+723.9K shares+189.9%KKRKkr & Co. Inc.$22.86Mreported value+23.7K shares+3.3%KNKnowles Corporation$19.40Mreported value+111.4K shares

Reduced positions

NTRSNorthern Trust Corp$43.83Mreported value-33.4K shares-5.7%BWABorgwarner Inc$38.37Mreported value-108.7K shares-9.1%KMTKennametal Inc$37.64Mreported value-157.3K shares-10.7%PGRProgressive Corp/oh/$37.20Mreported value-35.8K shares

Exited positions

ZBRAZebra Technologies Corporation$9.33Mprior reported value-50.8K shares-100.0%ITWIllinois Tool Works Inc$7.24Mprior reported value-51.0K shares-100.0%BXBlackstone Inc.$6.70Mprior reported value-146.9K shares-100.0%MSGSMadison Square Garden Sports Corp.$6.68Mprior reported value