13F filing recap · Q3 2022

What did Ariel Investments buy in Q3 2022?

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

$9.11B

Positions

114

Estimated turnover

8.5%

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

GCMGGcm Grosvenor Inc.$21.72Mreported value+2.75M shares GSKGsk Plc$4.99Mreported value+169.6K shares BACBank of America Corp$1.80Mreported value+59.6K shares HLNHaleon Plc$1.29Mreported value+211.3K shares

Increased positions

SPHRSphere Entertainment Co.$276.62Mreported value+74.0K shares+1.2%REZIResideo Technologies, Inc.$245.10Mreported value+136.4K shares+1.1%GNTXGentex Corporation$219.97Mreported value+45.2K shares+0.5%IPGThe Interpublic Group of Companies, Inc.$219.28Mreported value+410.8K shares

Reduced positions

BIDUBaidu, Inc.$305.64Mreported value-39.4K shares-1.5%MATMattel Inc /de/$298.54Mreported value-236.0K shares-1.5%PMPhilip Morris International Inc.$297.14Mreported value-65.5K shares-1.8%BOKFBok Financial Corp$269.75Mreported value-265.8K shares

Exited positions

GSKGsk Plc$11.45Mprior reported value-263.1K shares-100.0%HNGRHanger, Inc.$4.37Mprior reported value-304.8K shares-100.0%