N-PORT filing recap · March 2020

What did Ariel Global Fund buy in March 2020?

Reported stock-position changes between this filing and the previous one. These are Ariel Global Fund's own holdings, not the firm's.

Stock value

$76.37M

Positions

Estimated turnover

17.9%

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

DFSDiscover Financial Services$314.1Kreported value+8.8K shares BMYBristol-Myers Squibb Company$242.9Kreported value+4.4K shares CLPHYClp Holdings Ltd.$174.0Kreported value+19.0K shares CSCOCisco Systems, Inc.$99.9Kreported value+2.5K shares SEICSei Investments Company$97.9Kreported value+2.1K shares VIVVivendi SE$48.9Kreported value+2.3K shares BKNGBooking Holdings Inc.$47.1Kreported value+35 shares EADSFAirbus SE$35.7Kreported value+554 shares CHKPCheck Point Software Technologies Ltd.$16.9Kreported value+168 shares

Increased positions

GILDGilead Sciences, Inc.$6.28Mreported value+4.9K shares+6.1%PMPhilip Morris International Inc.$5.09Mreported value+4.9K shares+7.6%BIDUBaidu, Inc.$3.37Mreported value+5.5K shares+19.7%MGDDYCompagnie Generale Des Etablissements Michelin Sca$2.58Mreported value+1.6K shares

Reduced positions

MSFTMicrosoft Corporation$8.89Mreported value-9.4K shares-14.3%JNJJohnson & Johnson$3.38Mreported value-2.1K shares-7.7%9437Ntt Docomo, Inc.$1.42Mreported value-58.2K shares-56.1%ADRNYKoninklijke Ahold Delhaize N.v.$621.1Kreported value-12.1K shares

Exited positions

PXDPioneer Natural Resources Co$1.25Mprior reported value-8.3K shares-100.0%FLRFluor Corporation$793.8Kprior reported value-42.0K shares-100.0%SUSuncor Energy Inc$691.6Kprior reported value-21.1K shares-100.0%RKTReckitt Benckiser Group Plc$259.6Kprior reported value-3.2K shares