N-PORT filing recap · March 2021

What did Ariel International Fund buy in March 2021?

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

$734.68M

Positions

Estimated turnover

21.1%

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

SNYSanofi$10.77Mreported value+109.0K shares

Increased positions

DB1Deutsche Boerse AG$52.70Mreported value+16.9K shares+5.6%PMPhilip Morris International Inc.$46.26Mreported value+36.4K shares+7.5%BIDUBaidu, Inc.$43.87Mreported value+7.8K shares+4.0%MGDDYCompagnie Generale Des Etablissements Michelin Sca$41.99Mreported value+19.5K shares

Reduced positions

7974Nintendo Co Ltd$48.34Mreported value-11.7K shares-11.9%NTPXXNorthern Institutional Funds$43.18Mreported value-6.11M shares-12.4%NTTYYNippon Telegraph & Telephone Corp$1.92Mreported value-137.2K shares-64.7%

Exited positions

941China Mobile Limited$13.68Mprior reported value-2.40M shares-100.0%VEAVanguard Ftse Developed Markets ETF$8.62Mprior reported value-182.5K shares-100.0%CBGPYClose Brothers Group Plc$461.9Kprior reported value-24.4K shares-100.0%