13F filing recap · Q3 2021

What did Ariel Investments buy in Q3 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

$10.94B

Positions

109

Estimated turnover

16.2%

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

MANUManchester United Plc$127.46Mreported value+6.58M shares GNTXGentex Corporation$107.38Mreported value+3.26M shares REZIResideo Technologies, Inc.$50.22Mreported value+2.03M shares BYDBoyd Gaming Corp$8.79Mreported value+139.0K shares VEUVanguard International Equity Index Funds$2.39Mreported value+39.2K shares VTVanguard International Equity Index Funds$1.94Mreported value+19.1K shares

Increased positions

SPHRSphere Entertainment Co.$409.89Mreported value+2.44M shares+76.0%BIDUBaidu, Inc.$399.82Mreported value+284.7K shares+12.3%PMPhilip Morris International Inc.$386.23Mreported value+76.2K shares+1.9%LAZLazard, Inc.$366.54Mreported value+346.0K shares

Reduced positions

FAFFirst American Financial Corporation$353.12Mreported value-144.0K shares-2.7%IPGThe Interpublic Group of Companies, Inc.$316.16Mreported value-1.15M shares-11.7%MSFTMicrosoft Corporation$306.14Mreported value-108.1K shares-9.1%NVSTEnvista Holdings Corporation$254.40Mreported value

Exited positions

MSGNMsg Networks Inc$154.78Mprior reported value-10.62M shares-100.0%MATWMatthews International Corp$11.47Mprior reported value-319.0K shares-100.0%BTNBallantyne Strong Inc$265.0Kprior reported value-55.4K shares-100.0%RBCNRubicon Technology, Inc.$205.0Kprior reported value-21.6K shares