13F filing recap · Q4 2019

What did Ariel Investments buy in Q4 2019?

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

$7.97B

Positions

146

Estimated turnover

11.5%

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

PARAParamount Global$166.46Mreported value+3.97M shares CCLCarnival Corporation Ltd.$31.59Mreported value+621.4K shares IWMiShares Trust$3.96Mreported value+23.9K shares EVREvercore Inc.$3.64Mreported value+48.7K shares ZAGGZagg Inc$2.94Mreported value+362.3K shares IDCCInterdigital, Inc.$1.64Mreported value+30.1K shares GLAEGlassbridge Enterprises, Inc.$971.0Kreported value+3.9K shares

Increased positions

PMPhilip Morris International Inc.$323.61Mreported value+41.5K shares+1.1%KMTKennametal Inc$211.98Mreported value+169.0K shares+3.0%IPGThe Interpublic Group of Companies, Inc.$209.95Mreported value+14.0K shares+0.2%KKRKkr & Co. Inc.$172.12Mreported value+53.9K shares

Reduced positions

MSFTMicrosoft Corporation$329.90Mreported value-69.5K shares-3.2%BIDUBaidu, Inc.$227.89Mreported value-79.2K shares-4.2%LAZLazard, Inc.$217.94Mreported value-437.2K shares-7.4%FAFFirst American Financial Corporation$209.21Mreported value-169.8K shares

Exited positions

VIABViacom Inc.$94.32Mprior reported value-3.93M shares-100.0%CBSCbs Corp$57.39Mprior reported value-1.42M shares-100.0%TMOThermo Fisher Scientific Inc.$33.42Mprior reported value-114.8K shares-100.0%ASPNAspen Aerogels, Inc.$2.63Mprior reported value-444.3K shares