N-PORT filing recap · March 2026

What did Ariel Appreciation Fund buy in March 2026?

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

$867.32M

Positions

Estimated turnover

15.2%

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.

Period in review

Ariel Appreciation Fund opened a new position in Rli Corp and exited Kennametal entirely. It substantially added to Jones Lang Lasalle and Kkr & Co., while dramatically increasing its stake in Factset Research Systems. The fund trimmed Madison Square Garden Entertainment, Charles River Laboratories, Generac Holdings, Envista Holdings, Keysight Technologies, Sphere Entertainment, and Adt, among others.

New positions

RLIRli Corp$6.77Mreported value+118.7K shares

Increased positions

JLLJones Lang Lasalle Incorporated$28.69Mreported value+27.5K shares+41.2%OSWOnespaworld Holdings Limited$27.79Mreported value+130.3K shares+12.1%OMCOmnicom Group Inc.$25.95Mreported value+4.6K shares+1.4%FAFFirst American Financial Corporation$25.25Mreported value+586 shares

Reduced positions

MSGEMadison Square Garden Entertainment Corp.$30.87Mreported value-124.8K shares-19.2%CRLCharles River Laboratories International, Inc.$29.53Mreported value-21.6K shares-11.2%MSGSMadison Square Garden Sports Corp.$29.47Mreported value-5.5K shares-5.6%SLBSlb Limited/nv$29.22Mreported value

Exited positions

KMTKennametal Inc$4.34Mprior reported value-152.8K shares-100.0%