N-PORT filing recap · June 2023

What did Ariel International Fund buy in June 2023?

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

$626.69M

Positions

Estimated turnover

8.2%

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

EDUNew Oriental Education & Technology Group Inc.$741.1Kreported value+18.8K shares 6186China Feihe Ltd.$257.6Kreported value+463.0K shares

Increased positions

DB1Deutsche Boerse AG$63.99Mreported value+9.1K shares+2.7%ELEEndesa SA$40.57Mreported value+19.1K shares+1.0%MLCompagnie Generale Des Etablissements Michelin Sca$40.27Mreported value+5.5K shares+0.4%PMPhilip Morris International Inc.$38.90Mreported value+26.2K shares

Reduced positions

9735Secom Co Ltd$9.17Mreported value-77.5K shares-36.3%NOVNNovartis AG$4.89Mreported value-32.9K shares-40.4%7974Nintendo Co Ltd$4.86Mreported value-82.9K shares-43.6%HLUYYH. Lundbeck A/s$1.66Mreported value-977.0K shares

Exited positions

6417Sankyo Co., Ltd.$4.21Mprior reported value-101.0K shares-100.0%FMSFresenius Medical Care AG$1.51Mprior reported value-35.6K shares-100.0%AHEXYAdecco Group AG$346.5Kprior reported value-9.6K shares-100.0%