13F filing recap · Q4 2013

What did Ariel Investments buy in Q4 2013?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Ariel-managed account, including accounts that belong to no fund below.

Stock value

$8.14B

Positions

179

Estimated turnover

16.1%

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

GHCGraham Holdings Co$52.89Mreported value+79.7K shares ZBRAZebra Technologies Corporation$26.87Mreported value+496.8K shares OPLKOplink Communications Inc$6.46Mreported value+347.6K shares ORCLOracle Corporation$4.60Mreported value+120.3K shares AWREAware, Inc.$3.35Mreported value+548.6K shares BTIBritish American Tobacco P.l.c.$2.10Mreported value+19.6K shares FORMFormfactor, Inc.$1.87Mreported value+310.7K shares CSWCCapital Southwest Corporation$1.32Mreported value+37.8K shares MRMindray Medical International Ltd.$1.20Mreported value+33.1K shares ACNAccenture Plc$1.20Mreported value+14.6K shares EWLIshares, Inc.$806.0Kreported value+38.6K shares MTBM&T Bank Corporation$495.0Kreported value+4.3K shares

Increased positions

LAZLazard, Inc.$309.01Mreported value+55.8K shares+0.8%FAFFirst American Financial Corporation$281.01Mreported value+125.3K shares+1.3%JLLJones Lang Lasalle Incorporated$259.57Mreported value+123.6K shares+5.1%WUThe Western Union Company$209.93Mreported value+1.63M shares

Reduced positions

IPGThe Interpublic Group of Companies, Inc.$244.56Mreported value-662.2K shares-4.6%JNSJanus Capital Group Inc.$230.07Mreported value-861.6K shares-4.4%GCIGannett Co. Inc.$206.69Mreported value-583.4K shares-7.7%BRSWQBristow Group Inc.$168.52Mreported value-24.2K shares

Exited positions

GHCGraham Holdings Co$63.48Mprior reported value-103.8K shares-100.0%CCLCarnival Corporation Ltd.$25.49Mprior reported value-781.0K shares-100.0%WAGWalgreen Co.$5.63Mprior reported value-104.6K shares-100.0%CSPICsp Inc.$969.0Kprior reported value-137.0K shares