13F filing recap · Q1 2014

What did Ariel Investments buy in Q1 2014?

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

$8.20B

Positions

182

Estimated turnover

15.3%

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

LHLabcorp Holdings Inc.$100.92Mreported value+1.03M shares BYIBally Technologies Inc$82.77Mreported value+1.25M shares VWOVanguard International Equity Index Funds$4.45Mreported value+109.6K shares TDSTelephone and Data Systems, Inc.$2.95Mreported value+112.5K shares CNTYCentury Casinos Inc$2.55Mreported value+356.1K shares CHRWC.h. Robinson Worldwide, Inc.$1.46Mreported value+27.8K shares BSACBanco Santander-Chile$1.15Mreported value+49.1K shares GGALGrupo Financiero Santander Mex$1.01Mreported value+82.2K shares ITUBItau Unibanco Holding S.a.$557.0Kreported value+37.5K shares HDBHdfc Bank Limited$263.0Kreported value+6.4K shares

Increased positions

BRSWQBristow Group Inc.$243.02Mreported value+972.8K shares+43.3%WUThe Western Union Company$224.89Mreported value+1.58M shares+13.0%ISCAInternational Speedway Corporation$206.71Mreported value+181.1K shares+3.1%IGTInternational Game Technology$181.22Mreported value+2.14M shares

Reduced positions

LAZLazard, Inc.$295.41Mreported value-545.1K shares-8.0%FAFFirst American Financial Corporation$254.96Mreported value-361.9K shares-3.6%JLLJones Lang Lasalle Incorporated$246.56Mreported value-454.4K shares-17.9%IPGThe Interpublic Group of Companies, Inc.$232.73Mreported value

Exited positions

EBSEmergent Biosolutions Inc.$2.82Mprior reported value-122.7K shares-100.0%TSRATessera Technologies Inc$2.18Mprior reported value-110.4K shares-100.0%SLBSlb Limited/nv$1.37Mprior reported value-15.2K shares-100.0%CALYTopgolf Callaway Brands Corp$1.31Mprior reported value-155.7K shares