N-PORT filing recap · December 2020

What did Ariel Focus Fund buy in December 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

$53.23M

Positions

Estimated turnover

13.0%

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

NTPXXNorthern Institutional Funds$717.0Kreported value+717.0K shares NTRSNorthern Trust Corp$586.8Kreported value+6.3K shares WBAWalgreens Boots Alliance Inc$386.8Kreported value+9.7K shares

Increased positions

SPHRSphere Entertainment Co.$3.35Mreported value+1.6K shares+5.3%BOKFBok Financial Corp$1.87Mreported value+4.8K shares+21.3%BNYThe Bank of New York Mellon Corporation$1.57Mreported value+7.1K shares+23.8%APAApa Corporation$1.34Mreported value+11.6K shares

Reduced positions

PARAParamount Global$3.04Mreported value-7.0K shares-7.9%SNASnap-On Inc$2.72Mreported value-1.2K shares-7.0%ZBHZimmer Biomet Holdings, Inc.$2.23Mreported value-3.4K shares-18.8%PGRProgressive Corp/oh/$1.51Mreported value-2.9K shares

Exited positions

ZBRAZebra Technologies Corporation$1.07Mprior reported value-4.3K shares-100.0%