N-PORT filing recap · December 2022

What did Ariel Focus Fund buy in December 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

$61.67M

Positions

Estimated turnover

4.4%

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.

Increased positions

BACBank of America Corp$1.63Mreported value+25.8K shares+110.6%ZIMVZimvie Inc.$1.22Mreported value+19.4K shares+17.4%GNRCGenerac Holdings Inc.$841.4Kreported value+827 shares+11.0%

Reduced positions

APAApa Corporation$4.43Mreported value-14.5K shares-13.2%REZIResideo Technologies, Inc.$2.03Mreported value-20.0K shares-14.0%ZBHZimmer Biomet Holdings, Inc.$998.5Kreported value-3.5K shares-30.9%