13F filing recap · Q4 2023

What did Ariel Investments buy in Q4 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

$10.04B

Positions

114

Estimated turnover

15.3%

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

DVADaVita Inc.$69.02Mreported value+658.8K shares INTCIntel Corp$66.55Mreported value+1.32M shares TFCTruist Financial Corp$39.42Mreported value+1.07M shares CNHCnh Industrial N.v.$20.95Mreported value+1.72M shares TSMTaiwan Semiconductor Manufacturing$18.54Mreported value+178.3K shares KBKb Financial Group Inc.$14.79Mreported value+357.6K shares VTVanguard International Equity Index Funds$10.90Mreported value+105.9K shares IWSiShares Trust$738.7Kreported value+6.4K shares

Increased positions

JLLJones Lang Lasalle Incorporated$297.65Mreported value+1.7K shares+0.1%GNRCGenerac Holdings Inc.$279.54Mreported value+152.6K shares+7.6%CGCarlyle Group Inc.$259.90Mreported value+22.8K shares+0.4%FAFFirst American Financial Corporation$235.62Mreported value+5.8K shares

Reduced positions

MATMattel Inc /de/$292.08Mreported value-184.7K shares-1.2%CRLCharles River Laboratories International, Inc.$248.39Mreported value-15.9K shares-1.5%KMTKennametal Inc$242.78Mreported value-323.1K shares-3.3%REZIResideo Technologies, Inc.$238.49Mreported value-1.09M shares

Exited positions

ITUBItau Unibanco Holding S.a.$54.57Mprior reported value-10.16M shares-100.0%NOKNokia Corp$8.57Mprior reported value-2.29M shares-100.0%BSACBanco Santander-Chile$5.27Mprior reported value-287.5K shares-100.0%IQIqiyi, Inc.$3.34Mprior reported value-704.6K shares