N-PORT filing recap · December 2021

What did Ariel Appreciation Fund buy in December 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

$1.39B

Positions

Estimated turnover

11.3%

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

CLBCore Laboratories Inc.$19.06Mreported value+854.3K shares

Increased positions

MATMattel Inc /de/$54.63Mreported value+216.0K shares+9.3%LHLabcorp Holdings Inc.$49.10Mreported value+19.1K shares+13.9%SWKStanley Black & Decker, Inc.$36.82Mreported value+32.3K shares+19.8%NLSNNielsen Holdings Plc$35.74Mreported value+136.3K shares

Reduced positions

BOKFBok Financial Corp$57.80Mreported value-43.4K shares-7.3%NTRSNorthern Trust Corp$54.92Mreported value-29.7K shares-6.1%PGRProgressive Corp/oh/$50.32Mreported value-31.7K shares-6.1%LAZLazard, Inc.$47.73Mreported value-79.9K shares