13F filing recap · Q2 2014

What did Ariel Investments buy in Q2 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

$8.18B

Positions

188

Estimated turnover

15.0%

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

KMTKennametal Inc$65.62Mreported value+1.42M shares ABXBarrick Mining Corp$5.90Mreported value+322.3K shares PNRAPanera Bread Co$4.37Mreported value+29.2K shares CLBCore Laboratories Inc.$3.32Mreported value+19.9K shares SOSouthern Co$3.20Mreported value+70.5K shares BBBYBed Bath & Beyond, Inc.$2.97Mreported value+51.8K shares PIRPier 1 Imports Inc$2.90Mreported value+187.8K shares WECWec Energy Group, Inc.$1.95Mreported value+41.6K shares ANSSAnsys Inc$1.84Mreported value+24.3K shares STTState Street Corporation$936.0Kreported value+13.9K shares ACNAccenture Plc$925.0Kreported value+11.4K shares COLRockwell Collins Inc.$891.0Kreported value+11.4K shares COSTCostco Wholesale Corp /new$582.0Kreported value+5.1K shares

Increased positions

WUThe Western Union Company$242.03Mreported value+211.6K shares+1.5%SWKStanley Black & Decker, Inc.$127.69Mreported value+66.4K shares+4.8%MSGNMsg Networks Inc.$125.08Mreported value+446.7K shares+28.7%FICOFair Isaac Corp$121.08Mreported value+42.1K shares

Reduced positions

FAFFirst American Financial Corporation$261.35Mreported value-198.6K shares-2.1%LAZLazard, Inc.$260.45Mreported value-1.22M shares-19.5%BRSWQBristow Group Inc.$246.43Mreported value-161.3K shares-5.0%JLLJones Lang Lasalle Incorporated$242.68Mreported value-160.6K shares

Exited positions

DTVDirectv$8.81Mprior reported value-115.3K shares-100.0%OXYOccidental Petroleum Corporation$3.80Mprior reported value-39.9K shares-100.0%TIBXTibco Software Inc$3.42Mprior reported value-168.4K shares-100.0%TDSTelephone and Data Systems, Inc.$2.95Mprior reported value-112.5K shares