N-PORT filing recap · December 2025

What did Ariel Global Fund buy in December 2025?

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

$54.18M

Positions

Estimated turnover

59.6%

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

6367Daikin Industries Ltd.$2.51Mreported value+19.6K shares BMYBristol-Myers Squibb Company$1.19Mreported value+22.0K shares BMPSBanca Monte Dei Paschi Di Siena S.p.a.$1.13Mreported value+106.5K shares WBSWebster Financial Corporation$1.10Mreported value+17.5K shares TAT&T Inc.$897.7Kreported value+36.1K shares HPEHewlett Packard Enterprise Company$882.0Kreported value+36.7K shares BKRIYBank of Ireland Group Plc$858.6Kreported value+44.6K shares TTDKYTdk Corporation$756.9Kreported value+53.5K shares WKCMFWacker Chemie AG$699.4Kreported value+8.7K shares SANBanco Santander, S.a.$656.6Kreported value+55.5K shares FOJCYFortum Oyj$623.8Kreported value+29.4K shares 4751Cyberagent, Inc.$584.5Kreported value+68.6K shares 1024Kuaishou Technology$525.1Kreported value+63.9K shares LRENYLojas Renner SA$505.8Kreported value+206.5K shares 6856Horiba Ltd$438.9Kreported value+4.3K shares

Increased positions

DISWalt Disney Co/$1.92Mreported value+2.6K shares+18.6%INTCIntel Corp$1.69Mreported value+16.7K shares+57.5%7832Bandai Namco Holdings Inc.$1.12Mreported value+8.6K shares+25.8%SUOPYSumco Corp.$1.05Mreported value+6.8K shares

Reduced positions

MSFTMicrosoft Corporation$2.48Mreported value-467 shares-8.3%FSLRFirst Solar, Inc.$1.94Mreported value-1.7K shares-19.0%CVSCVS Health Corp$1.84Mreported value-1.3K shares-5.3%PUBPublicis Groupe SA$1.63Mreported value-644 shares

Exited positions

VZVerizon Communications Inc$1.42Mprior reported value-32.4K shares-100.0%ISPIntesa Sanpaolo S.p.a.$1.24Mprior reported value-188.0K shares-100.0%SGAMYSega Sammy Holdings Inc.$1.15Mprior reported value-54.4K shares-100.0%009150Samsung Electro-Mechanics Co Ltd.$1.02Mprior reported value