13F filing recap · Q1 2023

What did Ariel Investments buy in Q1 2023?

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

$10.41B

Positions

114

Estimated turnover

8.9%

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

ABEVAmbev S.a.$4.04Mreported value+1.43M shares

Increased positions

MATMattel Inc /de/$299.69Mreported value+375.2K shares+2.4%REZIResideo Technologies, Inc.$257.61Mreported value+733.2K shares+5.5%GNTXGentex Corporation$250.36Mreported value+79.7K shares+0.9%NVSTEnvista Holdings Corporation$211.31Mreported value+124.6K shares

Reduced positions

BIDUBaidu, Inc.$427.83Mreported value-18.1K shares-0.6%SPHRSphere Entertainment Co.$393.41Mreported value-32.4K shares-0.5%PMPhilip Morris International Inc.$284.82Mreported value-636.6K shares-17.9%KMTKennametal Inc$280.98Mreported value-174.4K shares

Exited positions

HLNHaleon Plc$1.69Mprior reported value-211.3K shares-100.0%AZNAstrazeneca Plc$1.52Mprior reported value-22.4K shares-100.0%IWSiShares Trust$890.2Kprior reported value-8.5K shares-100.0%