N-PORT filing recap · March 2023

What did Ariel Global Fund buy in March 2023?

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

$174.93M

Positions

Estimated turnover

11.4%

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.

New positions

ABEVAmbev S.a.$230.5Kreported value+81.5K shares

Increased positions

BIDUBaidu, Inc.$12.82Mreported value+321 shares+0.4%GSKGsk Plc$9.72Mreported value+37.7K shares+7.3%VZVerizon Communications Inc$8.81Mreported value+21.4K shares+10.5%EQCEquity Commonwealth$8.62Mreported value+48.1K shares

Reduced positions

MSFTMicrosoft Corporation$16.03Mreported value-6.5K shares-10.5%PMPhilip Morris International Inc.$9.17Mreported value-17.5K shares-15.6%BBSEYBb Seguridade Participacoes S.a.$3.71Mreported value-34.1K shares-5.6%HLNHaleon Plc$636.1Kreported value-362.0K shares

Exited positions

WMMVYWal-Mart De México, S.a.b. De C.v.$259.3Kprior reported value-73.7K shares-100.0%ELFTYElement Fleet Management Corp$169.9Kprior reported value-12.5K shares-100.0%7974Nintendo Co Ltd$168.6Kprior reported value-4.0K shares-100.0%SLMSanlam Ltd$131.5Kprior reported value-45.9K shares