N-PORT filing recap · September 2021

What did Ariel Focus Fund buy in September 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

$60.62M

Positions

Estimated turnover

8.0%

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

MSGSMadison Square Garden Sports Corp.$706.6Kreported value+3.8K shares

Increased positions

APAApa Corporation$3.29Mreported value+25.3K shares+19.7%BOKFBok Financial Corp$3.04Mreported value+1.5K shares+4.6%SNASnap-On Inc$2.67Mreported value+470 shares+3.8%NLSNNielsen Holdings Plc$2.60Mreported value+4.3K shares

Reduced positions

MOSMosaic Co$3.71Mreported value-2.1K shares-2.0%GSThe Goldman Sachs Group, Inc.$3.09Mreported value-984 shares-10.8%BWABorgwarner Inc$2.73Mreported value-1.5K shares-2.3%SJMThe J. M. Smucker Company$2.71Mreported value-533 shares