N-PORT filing recap · June 2021

What did Ariel Appreciation Fund buy in June 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

$1.37B

Positions

Estimated turnover

12.4%

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

ADTAdt Inc.$16.36Mreported value+1.52M shares

Increased positions

LAZLazard, Inc.$56.70Mreported value+132.6K shares+11.8%PGRProgressive Corp/oh/$51.26Mreported value+30.0K shares+6.1%WBAWalgreens Boots Alliance Inc$47.39Mreported value+49.9K shares+5.9%NLSNNielsen Holdings Plc$35.96Mreported value+253.6K shares

Reduced positions

NTRSNorthern Trust Corp$56.53Mreported value-30.5K shares-5.9%GSThe Goldman Sachs Group, Inc.$53.86Mreported value-9.1K shares-6.0%AFLAflac Inc$48.72Mreported value-63.2K shares-6.5%LHLabcorp Holdings Inc.$48.27Mreported value-10.7K shares

Exited positions

NTPXXNorthern Institutional Funds$37.28Mprior reported value-37.28M shares-100.0%FLIRFlir Systems, Inc.$10.28Mprior reported value-182.1K shares-100.0%WTWWillis Towers Watson Plc$10.06Mprior reported value-44.0K shares-100.0%