N-PORT filing recap · June 2025

What did Ariel Fund buy in June 2025?

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

Stock value

$2.36B

Positions

Estimated turnover

23.2%

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 exited The Interpublic Group of Companies, Kennametal, and Masco Corporation during the period. It added to Sphere Entertainment, Mattel, Charles River Laboratories, Bio-Rad Laboratories, Core Laboratories, Norwegian Cruise Line Holdings, and OneSpaWorld Holdings, among others. The fund trimmed Northern Trust substantially, while also reducing Paramount Global, Adtalem Global Education, The J. M. Smucker Company, and Madison Square Garden Sports.

Increased positions

MSGEMadison Square Garden Entertainment Corp.$127.33Mreported value+41.4K shares+1.3%SPHRSphere Entertainment Co.$120.24Mreported value+543.8K shares+23.3%MATMattel Inc /de/$107.39Mreported value+749.7K shares+16.0%NVSTEnvista Holdings Corporation$99.35Mreported value+175.9K shares+3.6%

Reduced positions

CGCarlyle Group Inc.$106.54Mreported value-110.2K shares-5.0%BYDBoyd Gaming Corp$102.40Mreported value-151.2K shares-10.4%AMGAffiliated Managers Group, Inc.$91.89Mreported value-48.7K shares-9.4%CVSAAdtalem Global Education Inc$91.77Mreported value-367.9K shares

Exited positions

IPGThe Interpublic Group of Companies, Inc.$55.90Mprior reported value-2.06M shares-100.0%KMTKennametal Inc$45.28Mprior reported value-2.13M shares-100.0%MASMasco Corporation$37.66Mprior reported value-541.5K shares-100.0%