N-PORT filing recap · September 2021

What did Ariel Fund buy in September 2021?

Reported stock-position changes between this filing and the previous one. These are Ariel Fund's own holdings, not the firm's.

Stock value

$2.98B

Positions

Estimated turnover

17.0%

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

MSGSMadison Square Garden Sports Corp.$70.45Mreported value+378.9K shares MANUManchester United Plc$56.13Mreported value+2.90M shares GNTXGentex Corporation$34.10Mreported value+1.03M shares

Increased positions

SPHRSphere Entertainment Co.$156.61Mreported value+924.9K shares+75.2%LAZLazard, Inc.$153.34Mreported value+50.5K shares+1.5%CVSAAdtalem Global Education Inc$98.32Mreported value+266.3K shares+11.4%KMTKennametal Inc$88.51Mreported value+133.5K shares

Reduced positions

KKRKkr & Co. Inc.$106.62Mreported value-43.6K shares-2.4%PARAParamount Global$86.43Mreported value-130.3K shares-5.6%TGNATegna Inc$83.27Mreported value-185.9K shares-4.2%JHGJanus Henderson Group Plc$81.96Mreported value-490.0K shares

Exited positions

MSGNMsg Networks Inc$87.07Mprior reported value-5.97M shares-100.0%KNKnowles Corporation$19.99Mprior reported value-1.01M shares-100.0%