13F filing recap · Q4 2022

What did Ariel Investments buy in Q4 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

$9.85B

Positions

116

Estimated turnover

14.1%

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

CGCarlyle Group Inc.$87.32Mreported value+2.93M shares LESLLeslie’s, Inc.$22.02Mreported value+1.80M shares ITUBItau Unibanco Holding S.a.$3.72Mreported value+789.5K shares IWSiShares Trust$890.2Kreported value+8.5K shares

Increased positions

BIDUBaidu, Inc.$326.31Mreported value+251.5K shares+9.7%SPHRSphere Entertainment Co.$300.96Mreported value+418.7K shares+6.7%MATMattel Inc /de/$283.72Mreported value+141.3K shares+0.9%REZIResideo Technologies, Inc.$219.76Mreported value+500.4K shares

Reduced positions

PMPhilip Morris International Inc.$360.85Mreported value-14.2K shares-0.4%BOKFBok Financial Corp$274.73Mreported value-388.7K shares-12.8%IPGThe Interpublic Group of Companies, Inc.$272.42Mreported value-387.3K shares-4.5%LAZLazard, Inc.$267.17Mreported value-182.3K shares

Exited positions

OMCOmnicom Group Inc.$12.14Mprior reported value-192.4K shares-100.0%HLIHoulihan Lokey, Inc.$10.87Mprior reported value-144.2K shares-100.0%