N-PORT filing recap · September 2020

What did Ariel Focus Fund buy in September 2020?

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

$44.01M

Positions

Estimated turnover

16.7%

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

PSTHPershing Square Tontine Holdings, Ltd.$506.0Kreported value+22.3K shares FLIRFlir Systems, Inc.$229.4Kreported value+6.4K shares

Increased positions

SPHRSphere Entertainment Co.$2.08Mreported value+10.1K shares+50.0%NLSNNielsen Holdings Plc$1.76Mreported value+7.4K shares+6.4%MHKMohawk Industries, Inc.$1.23Mreported value+1.9K shares+17.8%BNYThe Bank of New York Mellon Corporation$1.02Mreported value+1.7K shares

Reduced positions

ORCLOracle Corporation$2.52Mreported value-2.5K shares-5.6%SNASnap-On Inc$2.52Mreported value-1.0K shares-5.5%PARAParamount Global$2.48Mreported value-5.2K shares-5.5%ZBHZimmer Biomet Holdings, Inc.$2.42Mreported value-1.1K shares

Exited positions

CVSAAdtalem Global Education Inc$1.05Mprior reported value-33.8K shares-100.0%XOMExxon Mobil Corp.$898.9Kprior reported value-20.1K shares-100.0%NTRSNorthern Trust Corp$238.0Kprior reported value-3.0K shares-100.0%