N-PORT filing recap · September 2024

What did Ariel Fund buy in September 2024?

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

Stock value

$2.77B

Positions

Estimated turnover

14.3%

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.

Period in review

Ariel Fund opened new positions in Bio-Rad Laboratories and The Middleby Corporation, and exited Stericycle entirely. It substantially increased its stake in Leslie’s, Inc., while adding to The J. M. Smucker Company and Envista Holdings. The fund trimmed Adtalem Global Education, Royal Caribbean Cruises, Jones Lang Lasalle, Adt Inc., Zebra Technologies, and Resideo Technologies.

New positions

BIOBio-Rad Laboratories, Inc.$53.07Mreported value+158.6K shares MIDDThe Middleby Corporation$36.79Mreported value+264.5K shares

Increased positions

MSGEMadison Square Garden Entertainment Corp.$119.98Mreported value+144.1K shares+5.4%BYDBoyd Gaming Corp$100.09Mreported value+138.9K shares+9.9%SJMThe J. M. Smucker Company$98.45Mreported value+172.4K shares+26.9%NVSTEnvista Holdings Corporation$96.99Mreported value+489.5K shares

Reduced positions

MHKMohawk Industries, Inc.$128.69Mreported value-57.8K shares-6.7%CVSAAdtalem Global Education Inc$103.12Mreported value-609.5K shares-30.9%AMGAffiliated Managers Group, Inc.$102.05Mreported value-15.6K shares-2.6%LAZLazard, Inc.$101.46Mreported value-162.9K shares

Exited positions

SRCLStericycle, Inc.$43.05Mprior reported value-740.6K shares-100.0%