N-PORT filing recap · June 2025

What did Ariel Focus Fund buy in June 2025?

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

$63.95M

Positions

Estimated turnover

17.6%

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.

Period in review

Ariel Focus Fund opened new positions in Generac Holdings and Barrick Mining, while also exiting Barrick Mining. The fund trimmed Oracle, J. M. Smucker, Labcorp, Goldman Sachs, Bio-Rad, and both Madison Square Garden entities, with the Sports Corp position reduced substantially. It added to Affiliated Managers Group, Mosaic, Apa Corporation, and Zimvie.

New positions

GNRCGenerac Holdings Inc.$2.39Mreported value+16.7K shares BBarrick Mining Corp$2.34Mreported value+112.2K shares

Increased positions

AMGAffiliated Managers Group, Inc.$3.23Mreported value+872 shares+5.6%MOSMosaic Co$2.56Mreported value+3.4K shares+5.0%APAApa Corporation$2.56Mreported value+22.0K shares+18.6%ZIMVZimvie Inc.$874.1Kreported value+17.9K shares

Reduced positions

REZIResideo Technologies, Inc.$3.40Mreported value-5.2K shares-3.3%SNASnap-On Inc$3.32Mreported value-877 shares-7.6%ORCLOracle Corporation$3.23Mreported value-3.0K shares-16.9%SJMThe J. M. Smucker Company$2.82Mreported value-4.0K shares

Exited positions

ABXBarrick Mining Corp$1.96Mprior reported value-100.8K shares-100.0%