N-PORT filing recap · September 2023

What did Ariel International Fund buy in September 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

$522.19M

Positions

Estimated turnover

27.8%

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

VEMLYVenture Corporation Limited$1.71Mreported value+188.6K shares

Increased positions

BNPBnp Paribas SA$24.64Mreported value+160.7K shares+71.4%CHKPCheck Point Software Technologies Ltd.$21.40Mreported value+94.1K shares+141.6%NOKIANokia Corp$17.90Mreported value+375.4K shares+8.6%O2DTelefonica Deutschland Holding AG$17.26Mreported value+1.45M shares

Reduced positions

DB1Deutsche Boerse AG$45.36Mreported value-84.7K shares-24.4%MLCompagnie Generale Des Etablissements Michelin Sca$32.50Mreported value-306.1K shares-22.4%GSKGsk Plc$30.31Mreported value-420.1K shares-20.2%ELEEndesa SA$29.92Mreported value-423.8K shares

Exited positions

NOVNNovartis AG$4.89Mprior reported value-48.6K shares-100.0%NOKNokia Corp$2.90Mprior reported value-696.7K shares-100.0%CBGPYClose Brothers Group Plc$1.77Mprior reported value-157.8K shares-100.0%HLUYYH. Lundbeck A/s$1.66Mprior reported value-348.5K shares