N-PORT filing recap · December 2019

What did Ariel Focus Fund buy in December 2019?

Reported stock-position changes between this filing and the previous one. These are Ariel Focus Fund's own holdings, not the firm's.

Stock value

$60.99M

Positions

Estimated turnover

23.5%

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

PARAParamount Global$3.29Mreported value+78.5K shares

Increased positions

WUThe Western Union Company$3.39Mreported value+7.8K shares+6.6%SNASnap-On Inc$3.27Mreported value+700 shares+3.8%ZBHZimmer Biomet Holdings, Inc.$3.07Mreported value+800 shares+4.1%LAZLazard, Inc.$3.06Mreported value+2.9K shares

Reduced positions

HNGRHanger, Inc.$2.45Mreported value-54.1K shares-37.9%

Exited positions

CBSCbs Corp$2.38Mprior reported value-59.0K shares-100.0%VIABViacom Inc.$1.33Mprior reported value-55.3K shares-100.0%MATMattel Inc /de/$928.3Kprior reported value-81.5K shares-100.0%