N-PORT filing recap · March 2020

What did Ariel International Fund buy in March 2020?

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

Stock value

$495.97M

Positions

Estimated turnover

15.7%

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

VIVVivendi SE$871.9Kreported value+41.2K shares CHKPCheck Point Software Technologies Ltd.$599.6Kreported value+6.0K shares 2229Calbee Inc$348.1Kreported value+12.9K shares BNRBrenntag SE$275.3Kreported value+7.6K shares KBCSYKbc Group NV$257.6Kreported value+5.7K shares EADSFAirbus SE$233.5Kreported value+3.6K shares NOVNNovartis AG$160.3Kreported value+1.9K shares

Increased positions

PMPhilip Morris International Inc.$32.66Mreported value+18.7K shares+4.4%941China Mobile Limited$30.37Mreported value+102.5K shares+2.6%MGDDYCompagnie Generale Des Etablissements Michelin Sca$23.71Mreported value+12.1K shares+4.7%NTTYYNippon Telegraph & Telephone Corp$22.90Mreported value

Reduced positions

DB1Deutsche Boerse AG$50.74Mreported value-3.0K shares-0.8%7974Nintendo Co Ltd$43.88Mreported value-900 shares-0.8%GSKGsk Plc$37.48Mreported value-16.0K shares-0.8%ADRNYKoninklijke Ahold Delhaize N.v.$29.86Mreported value-163.9K shares

Exited positions

PXDPioneer Natural Resources Co$6.06Mprior reported value-40.1K shares-100.0%MGAMagna International Inc.$2.02Mprior reported value-36.8K shares-100.0%LKFTLakefront Biotherapeutics NV$1.82Mprior reported value-8.7K shares-100.0%FLRFluor Corporation$1.67Mprior reported value-88.4K shares