Chicago, Illinois – Ariel Investments, based in Chicago, Illinois, recently disclosed changes to its 13F stock portfolio in a regulatory filing on 08/14/2024. The founder, John Rogers, saw a decrease in the portfolio value from $10.17B to $9.24B this quarter. The portfolio consists of approximately 150 positions, with 61 securities making up a significant portion. Some of the largest holdings include Jones Lang LaSelle, Generac Holdings, Mattel, ADT, and Lazard, collectively representing around 14% of the portfolio.

Rogers’ flagship mutual fund, the Ariel Fund (ARGFX), has shown a lifetime annualized return of 10.53%, outperforming both the Russell 2500 Index and the S&P 500 Index. Other mutual funds in the group include Ariel Appreciation Fund (CAAPX), Ariel Focus Fund (ARFFX), Ariel International Fund (AINTX), Ariel Global Fund (AGLOX), and the Schwab Ariel ESG ETF (SAEF), which they co-manage.

Stake increases this quarter were observed in companies like ADT Inc., Affiliated Managers Group, Northern Trust, Carlyle Group, First American Financial, and Sphere Entertainment. Companies like Charles River Laboratories, Microsoft Corp., Baidu Inc., Aptiv PLC, and Philip Morris saw a reduction in the stake held by Ariel Investments.

A spreadsheet showing the changes to Ariel Investments’ 13F portfolio holdings as of Q2 2024 provides further insight into the investment moves made by John Rogers during the quarter. These adjustments reflect the firm’s strategy to manage its portfolio effectively and capitalize on market opportunities while reducing exposure to certain positions. As Ariel Investments continues to navigate the ever-changing market landscape, investors will be keen to see how these adjustments will impact the fund’s performance moving forward.