N-PORT filing recap · March 2022

What did Ariel Focus Fund buy in March 2022?

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

$71.08M

Positions

Estimated turnover

24.0%

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

ZIMVZimvie Inc.$1.90Mreported value+83.2K shares BYDBoyd Gaming Corp$1.22Mreported value+18.6K shares

Increased positions

BWABorgwarner Inc$3.51Mreported value+21.3K shares+30.9%GSThe Goldman Sachs Group, Inc.$3.10Mreported value+626 shares+7.2%REZIResideo Technologies, Inc.$2.70Mreported value+42.1K shares+59.1%WUThe Western Union Company$2.63Mreported value+9.1K shares

Reduced positions

APAApa Corporation$5.58Mreported value-20.1K shares-13.0%MOSMosaic Co$5.06Mreported value-29.6K shares-28.0%BOKFBok Financial Corp$3.19Mreported value-1.0K shares-3.0%SJMThe J. M. Smucker Company$1.85Mreported value-10.9K shares

Exited positions

WBAWalgreens Boots Alliance Inc$1.14Mprior reported value-21.8K shares-100.0%PGRProgressive Corp/oh/$969.5Kprior reported value-9.4K shares-100.0%