N-PORT filing recap · September 2020

What did Ariel Appreciation Fund buy in September 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

$962.62M

Positions

Estimated turnover

14.2%

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

FLIRFlir Systems, Inc.$7.43Mreported value+207.3K shares

Increased positions

AFLAflac Inc$33.21Mreported value+115.8K shares+14.5%FAFFirst American Financial Corporation$30.82Mreported value+9.0K shares+1.5%NVSTEnvista Holdings Corporation$30.51Mreported value+131.1K shares+11.9%GSThe Goldman Sachs Group, Inc.$28.84Mreported value+65.3K shares

Reduced positions

MATMattel Inc /de/$39.05Mreported value-491.9K shares-12.8%PGRProgressive Corp/oh/$38.90Mreported value-53.4K shares-11.5%BWABorgwarner Inc$37.74Mreported value-112.7K shares-10.4%SWKStanley Black & Decker, Inc.$36.01Mreported value-92.3K shares