13F filing recap · Q4 2017

What did Ariel Investments buy in Q4 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

$8.86B

Positions

172

Estimated turnover

12.6%

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

MEIMethode Electronics Inc$14.58Mreported value+363.6K shares TPRTapestry, Inc.$9.60Mreported value+217.1K shares FLFoot Locker Inc$6.57Mreported value+140.2K shares IWNiShares Trust$6.01Mreported value+47.8K shares AUTOAutoweb, Inc.$3.67Mreported value+406.8K shares PCYOPure Cycle Corporation$509.0Kreported value+61.0K shares

Increased positions

BIDUBaidu, Inc.$277.75Mreported value+94.1K shares+8.6%MSFTMicrosoft Corporation$239.83Mreported value+69.2K shares+2.5%SJMThe J. M. Smucker Company$200.22Mreported value+254.9K shares+18.8%MSGNMsg Networks Inc$181.88Mreported value+1.34M shares

Reduced positions

FAFFirst American Financial Corporation$265.58Mreported value-474.5K shares-9.1%LAZLazard, Inc.$251.78Mreported value-677.9K shares-12.4%KMTKennametal Inc$251.23Mreported value-300.0K shares-5.5%LHLabcorp Holdings Inc.$195.02Mreported value-25.4K shares

Exited positions

BENFranklin Resources, Inc.$13.17Mprior reported value-295.9K shares-100.0%CVSCVS Health Corp$9.43Mprior reported value-115.9K shares-100.0%COHCoach Inc$8.49Mprior reported value-210.8K shares-100.0%PCOPendrell Corp$7.13Mprior reported value-1.04M shares