13F filing recap · Q4 2014

What did Ariel Investments buy in Q4 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

$8.66B

Positions

190

Estimated turnover

11.2%

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

LLLl Flooring Holdings Inc (fka Lumber Liquidators Holdings Inc)$23.69Mreported value+357.2K shares VZVerizon Communications Inc$16.32Mreported value+349.0K shares MNUSDManning & Napier, Inc.$15.93Mreported value+1.15M shares IWNiShares Trust$15.73Mreported value+154.7K shares VOOVanguard Index Funds$10.60Mreported value+56.2K shares TINYMount Logan Capital Inc.$4.67Mreported value+1.58M shares CMECme Group Inc.$1.92Mreported value+21.7K shares AXTIAxt Inc.$1.26Mreported value+448.4K shares KINKindred Biosciences Inc$1.00Mreported value+134.4K shares EWUiShares Trust$925.0Kreported value+51.3K shares

Increased positions

BRSWQBristow Group Inc.$277.83Mreported value+148.8K shares+3.7%WUThe Western Union Company$249.63Mreported value+288.2K shares+2.1%LAZLazard, Inc.$246.58Mreported value+76.7K shares+1.6%ISCAInternational Speedway Corporation$203.06Mreported value+97.0K shares

Reduced positions

FAFFirst American Financial Corporation$329.38Mreported value-679.0K shares-6.5%JLLJones Lang Lasalle Incorporated$237.33Mreported value-143.5K shares-8.3%GCIGannett Co. Inc.$190.05Mreported value-116.7K shares-1.9%CYNCity National Corp.$162.15Mreported value-4.4K shares

Exited positions

BYIBally Technologies Inc$22.90Mprior reported value-283.8K shares-100.0%OPLKOplink Communications Inc$17.83Mprior reported value-1.06M shares-100.0%ARCArc Document Solutions, Inc.$13.59Mprior reported value-1.68M shares-100.0%MRMindray Medical International Ltd.$2.36Mprior reported value