N-PORT filing recap · March 2021

What did Ariel Focus Fund buy in March 2021?

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

$61.59M

Positions

Estimated turnover

19.9%

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

APAApa CorporationMIXED CORP ACTION$1.99Mreported value+110.9K shares

Increased positions

MOSMosaic Co$3.34Mreported value+3.8K shares+3.7%WBAWalgreens Boots Alliance Inc$2.88Mreported value+42.7K shares+440.2%BWABorgwarner Inc$2.86Mreported value+6.7K shares+12.2%SJMThe J. M. Smucker Company$2.80Mreported value+11.4K shares

Reduced positions

GSThe Goldman Sachs Group, Inc.$2.93Mreported value-1.9K shares-17.9%LAZLazard, Inc.$2.87Mreported value-1.1K shares-1.6%PARAParamount Global$521.9Kreported value-70.0K shares-85.8%

Exited positions

APAApa CorporationMIXED CORP ACTION$1.34Mprior reported value-94.4K shares-100.0%FLIRFlir Systems, Inc.$692.5Kprior reported value-15.8K shares-100.0%PSTHPershing Square Tontine Holdings, Ltd.$413.0Kprior reported value-14.9K shares-100.0%NOVNov Inc.$385.8K