13F filing recap · Q3 2023

What did Ariel Investments buy in Q3 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

$9.45B

Positions

115

Estimated turnover

11.7%

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

PHINPhinia Inc.$3.70Mreported value+138.0K shares CVXChevron Corp$1.65Mreported value+9.8K shares KVUEKenvue Inc.$1.10Mreported value+54.7K shares VXUSVanguard Star Funds$1.05Mreported value+19.7K shares FTREFortrea Holdings Inc.$550.5Kreported value+19.3K shares

Increased positions

MSGEMadison Square Garden Entertainment Corp.$236.84Mreported value+199.7K shares+2.9%JLLJones Lang Lasalle Incorporated$222.26Mreported value+53.9K shares+3.5%GNRCGenerac Holdings Inc.$219.05Mreported value+261.1K shares+14.9%CRLCharles River Laboratories International, Inc.$209.03Mreported value

Reduced positions

MATMattel Inc /de/$344.88Mreported value-810.8K shares-4.9%BIDUBaidu, Inc.$288.36Mreported value-609.9K shares-22.1%KMTKennametal Inc$242.26Mreported value-140.8K shares-1.4%PMPhilip Morris International Inc.$227.68Mreported value-520.2K shares

Exited positions

EDUNew Oriental Education & Technology Group Inc.$8.56Mprior reported value-216.7K shares-100.0%MEIMethode Electronics Inc$6.77Mprior reported value-202.1K shares-100.0%TCOMTrip.com Group Limited$5.06Mprior reported value-144.5K shares-100.0%BNYThe Bank of New York Mellon Corporation$3.50Mprior reported value