N-PORT filing recap · June 2024

What did Ariel Appreciation Fund buy in June 2024?

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

$951.97M

Positions

Estimated turnover

17.5%

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

LHLabcorp Holdings Inc.$30.06Mreported value+147.7K shares MIDDThe Middleby Corporation$9.62Mreported value+78.4K shares

Increased positions

NTRSNorthern Trust Corp$45.77Mreported value+37.2K shares+7.3%IPGThe Interpublic Group of Companies, Inc.$28.67Mreported value+22.1K shares+2.3%KMXCarmax, Inc.$28.34Mreported value+25.0K shares+6.9%MSGSMadison Square Garden Sports Corp.$26.58Mreported value+13.9K shares

Reduced positions

GSThe Goldman Sachs Group, Inc.$41.02Mreported value-10.1K shares-10.1%GNRCGenerac Holdings Inc.$29.99Mreported value-20.5K shares-8.3%AFLAflac Inc$25.69Mreported value-26.5K shares-8.4%KMTKennametal Inc$24.83Mreported value-76.2K shares

Exited positions

LHLabcorp Holdings Inc.$33.36Mprior reported value-152.7K shares-100.0%