N-PORT filing recap · December 2025

What did Ariel International Fund buy in December 2025?

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

$250.51M

Positions

Estimated turnover

61.4%

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.$12.76Mreported value+99.8K shares SANBanco Santander, S.a.$8.13Mreported value+687.1K shares BKRIYBank of Ireland Group Plc$6.70Mreported value+348.2K shares TTDKYTdk Corporation$6.34Mreported value+448.0K shares BMPSBanca Monte Dei Paschi Di Siena S.p.a.$6.01Mreported value+564.5K shares 4751Cyberagent, Inc.$5.83Mreported value+683.9K shares 6856Horiba Ltd$4.44Mreported value+43.5K shares WKCMFWacker Chemie AG$3.86Mreported value+47.8K shares FOJCYFortum Oyj$3.44Mreported value+162.0K shares 1024Kuaishou Technology$2.44Mreported value+297.0K shares LRENYLojas Renner SA$2.32Mreported value+945.4K shares

Increased positions

7832Bandai Namco Holdings Inc.$8.35Mreported value+48.5K shares+18.3%LTMCLottomatica Group Spa$8.33Mreported value+74.2K shares+30.4%BRDCYBridgestone Corporation$7.88Mreported value+162.4K shares+86.5%SUOPYSumco Corp.$7.33Mreported value+11.2K shares

Reduced positions

MRAAYMurata Manufacturing Co., Ltd.$10.83Mreported value-33.7K shares-6.0%BGBawag Group AG$10.26Mreported value-4.8K shares-6.6%INFInforma Plc$9.08Mreported value-53.8K shares-6.6%TSCDYTesco Plc$8.95Mreported value-106.1K shares

Exited positions

APTVAptiv Plc$10.39Mprior reported value-120.5K shares-100.0%SGAMYSega Sammy Holdings Inc.$9.37Mprior reported value-444.7K shares-100.0%6361Ebara Corporation$7.83Mprior reported value-342.2K shares-100.0%BNPBnp Paribas SA$5.91Mprior reported value-65.1K shares