13F filing recap · Q1 2017

What did Ariel Investments buy in Q1 2017?

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

$8.51B

Positions

188

Estimated turnover

15.8%

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

NLSNNielsen Holdings Plc$51.17Mreported value+1.24M shares SFESSafeguard Scientifics Inc$8.05Mreported value+634.3K shares TURN180 Degree Capital Corp.$6.75Mreported value+4.65M shares MANHManhattan Associates, Inc.$3.83Mreported value+73.5K shares GLAEGlassbridge Enterprises, Inc.$3.64Mreported value+755.6K shares TRIPTripadvisor, Inc.$3.06Mreported value+70.9K shares EXPDExpeditors International of Washington, Inc.$1.25Mreported value+22.2K shares ICEIntercontinental Exchange, Inc.$1.24Mreported value+20.7K shares UNPUnion Pacific Corp$1.21Mreported value+11.4K shares SNYSanofi$805.0Kreported value+17.8K shares LPLLg Display Co., Ltd.$237.0Kreported value+17.4K shares

Increased positions

BIDUBaidu, Inc.$191.67Mreported value+64.8K shares+6.2%CRLCharles River Laboratories International, Inc.$185.34Mreported value+483.6K shares+30.7%NOKNokia Corp$175.46Mreported value+5.65M shares+21.1%BRSWQBristow Group Inc.$154.54Mreported value+371.0K shares

Reduced positions

LAZLazard, Inc.$276.90Mreported value-462.4K shares-7.1%KMTKennametal Inc$226.71Mreported value-1.50M shares-20.7%FAFFirst American Financial Corporation$216.16Mreported value-8.8K shares-0.2%LHLabcorp Holdings Inc.$200.34Mreported value-74.0K shares

Exited positions

HARHarman International Industries Inc.$115.17Mprior reported value-1.04M shares-100.0%IWNiShares Trust$8.50Mprior reported value-71.5K shares-100.0%TINYMount Logan Capital Inc.$7.29Mprior reported value-5.28M shares-100.0%IMNImation Corp.$6.60Mprior reported value-8.05M shares