N-PORT filing recap · December 2023

What did Ariel Appreciation Fund buy in December 2023?

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

$1.06B

Positions

Estimated turnover

8.1%

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.

Increased positions

IPGThe Interpublic Group of Companies, Inc.$31.85Mreported value+101.5K shares+11.6%GNRCGenerac Holdings Inc.$30.62Mreported value+17.3K shares+7.9%CGCarlyle Group Inc.$29.59Mreported value+93.0K shares+14.7%KNKnowles Corporation$26.87Mreported value+184.2K shares+14.0%JLLJones Lang Lasalle Incorporated$23.22Mreported value+15.0K shares+13.9%KEYSKeysight Technologies, Inc.$23.19Mreported value+32.4K shares+28.6%NVSTEnvista Holdings Corporation$23.08Mreported value+244.7K shares+34.2%WBAWalgreens Boots Alliance Inc$22.75Mreported value+84.9K shares+10.8%BOKFBok Financial Corp$22.11Mreported value+1.2K shares+0.5%

Reduced positions

NTRSNorthern Trust Corp$44.68Mreported value-1.8K shares-0.3%GSThe Goldman Sachs Group, Inc.$42.18Mreported value-12.2K shares-10.0%SCHWSchwab Charles Corp$38.87Mreported value-16.7K shares-2.9%CRLCharles River Laboratories International, Inc.$36.19Mreported value-15.5K shares