N-PORT filing recap · December 2021

What did Ariel Focus Fund buy in December 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

$70.11M

Positions

Estimated turnover

18.0%

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

REZIResideo Technologies, Inc.$1.85Mreported value+71.1K shares

Increased positions

APAApa Corporation$4.17Mreported value+1.5K shares+1.0%MOSMosaic Co$4.15Mreported value+2.0K shares+1.9%BOKFBok Financial Corp$3.70Mreported value+1.1K shares+3.4%NLSNNielsen Holdings Plc$3.37Mreported value+28.4K shares

Reduced positions

WBAWalgreens Boots Alliance Inc$1.14Mreported value-35.0K shares-61.6%PGRProgressive Corp/oh/$969.5Kreported value-6.5K shares-40.6%

Exited positions

TISITeam Inc$298.9Kprior reported value-99.3K shares-100.0%