N-PORT filing recap · March 2021

What did Ariel Appreciation Fund buy in March 2021?

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

$1.35B

Positions

Estimated turnover

18.8%

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

AXTAAxalta Coating Systems Ltd.$22.97Mreported value+776.6K shares NVTNvent Electric Plc$20.44Mreported value+732.5K shares NOVNov Inc.$18.86Mreported value+1.37M shares

Increased positions

AFLAflac Inc$49.70Mreported value+45.1K shares+4.9%LAZLazard, Inc.$48.75Mreported value+85.0K shares+8.2%PGRProgressive Corp/oh/$47.03Mreported value+113.7K shares+30.1%WBAWalgreens Boots Alliance Inc$46.71Mreported value+129.5K shares

Reduced positions

GSThe Goldman Sachs Group, Inc.$49.38Mreported value-3.7K shares-2.4%IPGThe Interpublic Group of Companies, Inc.$48.66Mreported value-137.9K shares-7.6%MATMattel Inc /de/$44.57Mreported value-245.6K shares-9.9%BWABorgwarner Inc$39.22Mreported value-128.2K shares

Exited positions

PARAParamount Global$17.79Mprior reported value-477.4K shares-100.0%NOVNov Inc.$11.52Mprior reported value-839.4K shares-100.0%JWNNordstrom Inc$5.88Mprior reported value-188.3K shares-100.0%