13F filing recap · Q1 2021

What did Ariel Investments buy in Q1 2021?

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

$10.15B

Positions

136

Estimated turnover

18.8%

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

AXTAAxalta Coating Systems Ltd.$141.89Mreported value+4.80M shares NVTNvent Electric Plc$84.16Mreported value+3.02M shares VIVTelefonica Brasil S.a.$23.08Mreported value+2.93M shares APAApa CorporationMIXED CORP ACTION$7.67Mreported value+428.7K shares WBWeibo Corporation$5.97Mreported value+118.4K shares TIMBTim S.a.$700.0Kreported value+61.7K shares VWTRVidler Water Resources, Inc.$612.0Kreported value+68.8K shares SSSSSuro Capital Corp.$453.0Kreported value+33.4K shares SNYSanofi$269.0Kreported value+5.4K shares

Increased positions

FAFFirst American Financial Corporation$304.33Mreported value+1.00M shares+23.0%LAZLazard, Inc.$302.35Mreported value+1.41M shares+25.4%IPGThe Interpublic Group of Companies, Inc.$290.62Mreported value+210.5K shares+2.2%NLSNNielsen Holdings Plc$282.58Mreported value+308.0K shares

Reduced positions

BIDUBaidu, Inc.$531.50Mreported value-487.4K shares-16.6%PMPhilip Morris International Inc.$377.96Mreported value-149.8K shares-3.4%MSFTMicrosoft Corporation$319.12Mreported value-69.7K shares-4.9%MATMattel Inc /de/$304.97Mreported value-616.9K shares

Exited positions

MTSCMts Systems Corporation$17.48Mprior reported value-300.6K shares-100.0%FLFoot Locker Inc$15.99Mprior reported value-395.3K shares-100.0%JWNNordstrom Inc$9.33Mprior reported value-298.9K shares-100.0%ICEIntercontinental Exchange, Inc.$6.91Mprior reported value-60.0K shares