N-PORT filing recap · September 2021

What did Ariel Global Fund buy in September 2021?

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

$179.15M

Positions

Estimated turnover

36.6%

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.

New positions

UMGUniversal Music Group N.v.$549.1Kreported value+20.5K shares

Increased positions

MSFTMicrosoft Corporation$19.93Mreported value+11.4K shares+19.3%PMPhilip Morris International Inc.$12.81Mreported value+42.4K shares+45.7%GILDGilead Sciences, Inc.$11.92Mreported value+46.3K shares+37.2%BIDUBaidu, Inc.$11.50Mreported value+24.5K shares

Reduced positions

NGNational Grid Plc$378.0Kreported value-93.5K shares-74.7%ITGGFItalgas Spa$115.3Kreported value-2.0K shares-10.0%

Exited positions

1878Daito Trust Construction Co., Ltd.$229.7Kprior reported value-2.1K shares-100.0%SCMNSwisscom AG$49.1Kprior reported value-86 shares-100.0%