John W. Rogers Jr. – Ariel Appreciation Fund Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Ariel Appreciation Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2025, the filing reported:

New Buys – First Solar, Inc. (FSLR), Barrick Gold (B), Walt Disney Company (The) (DIS)

Increases – Algonquin Power & Utilities Cor (AQN), Norwegian Cruise Line (NCLH), Leslie's, Inc. (LESL), Core Laboratories Inc. (CLB), OneSpaWorld (OSW), and 32 more

Reductions – Fair Isaac Corporation (FICO), Motorola Solutions, Inc. (MSI), Progressive Corporation (The) (PGR), Taiwan Semiconductor Manufactur (TSM), PHINIA Inc. (PHIN), and 56 more

Complete Exits – Vanguard Total International St (VXUS), AbbVie Inc. (ABBV), Philip Morris International Inc (PM), Barrick Gold Corporation (GOLD), CNH Industrial (CNH)

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Ariel Appreciation Fund Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q1 2017Mar 31, 2017	GIFI Gulf Island Fabrication, Inc.	Gulf Island Fabrication, Inc.	Sell	-117,300-17.7%	$6.31K	546,471
Q1 2017Mar 31, 2017	IPG Interpublic Group of Companies,	Interpublic Group of Companies,	Sell	-122,117-1.6%	$184.70K	7,517,443
Q1 2017Mar 31, 2017	LFCR Lifecore Biomedical, Inc.	Lifecore Biomedical, Inc.	Sell	-123,356-15.5%	$8.06K	671,578
Q1 2017Mar 31, 2017	CNTY Century Casinos, Inc.	Century Casinos, Inc.	Sell	-137,295-3.9%	$25.25K	3,339,587
Q1 2017Mar 31, 2017	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Sell	-144,026-9.3%	$157.19K	1,410,396
Q1 2017Mar 31, 2017	SSD Simpson Manufacturing Company,	Simpson Manufacturing Company,	Sell	-148,778-7.8%	$75.60K	1,754,423
Q1 2017Mar 31, 2017	DGX Quest Diagnostics Incorporated	Quest Diagnostics Incorporated	Sell	-151,263-40.7%	$21.66K	220,617
Q1 2017Mar 31, 2017	SWK Stanley Black & Decker, Inc.	Stanley Black & Decker, Inc.	Sell	-151,407-15.7%	$108.20K	814,351
Q1 2017Mar 31, 2017	ASPN Aspen Aerogels, Inc.	Aspen Aerogels, Inc.	Sell	-171,454-10.4%	$6.16K	1,483,872
Q1 2017Mar 31, 2017	PGR Progressive Corporation (The)	Progressive Corporation (The)	Sell	-175,299-10.3%	$59.59K	1,520,958
Q1 2017Mar 31, 2017	BCO Brinks Company (The)	Brinks Company (The)	Sell	-185,974-20.1%	$39.63K	741,525
Q1 2017Mar 31, 2017	BRC Brady Corporation	Brady Corporation	Sell	-203,212-7.2%	$101.53K	2,626,836
Q1 2017Mar 31, 2017	BIO Bio-Rad Laboratories, Inc.	Bio-Rad Laboratories, Inc.	Sell	-212,467-24.0%	$134.43K	674,360
Q1 2017Mar 31, 2017	SUP Superior Industries Internation	Superior Industries Internation	Sell - Position Exit	-217,559-100.0%	$0.00	-
Q1 2017Mar 31, 2017	ZBRA Zebra Technologies Corporation	Zebra Technologies Corporation	Sell	-232,833-10.9%	$174.01K	1,907,004
Q1 2017Mar 31, 2017	GSIT GSI Technology, Inc.	GSI Technology, Inc.	Sell	-237,583-16.2%	$10.69K	1,228,843
Q1 2017Mar 31, 2017	ALOT AstroNova, Inc.	AstroNova, Inc.	Sell	-240,125-27.2%	$9.79K	641,849
Q1 2017Mar 31, 2017	CVU CPI Aerostructures, Inc.	CPI Aerostructures, Inc.	Sell	-298,571-20.9%	$7.62K	1,128,967
Q1 2017Mar 31, 2017	RELL Richardson Electronics, Ltd.	Richardson Electronics, Ltd.	Sell	-327,835-37.6%	$3.28K	544,864
Q1 2017Mar 31, 2017	AZTA Azenta, Inc.	Azenta, Inc.	Sell	-337,200-51.0%	$7.25K	323,510
Q1 2017Mar 31, 2017	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-358,307-9.4%	$120.49K	3,463,449
Q1 2017Mar 31, 2017	OESX Orion Energy Systems, Inc.	Orion Energy Systems, Inc.	Sell	-401,496-7.8%	$9.43K	4,761,584
Q1 2017Mar 31, 2017	CRWS Crown Crafts, Inc.	Crown Crafts, Inc.	Sell - Position Exit	-404,862-100.0%	$0.00	-
Q1 2017Mar 31, 2017	CPIX Cumberland Pharmaceuticals Inc.	Cumberland Pharmaceuticals Inc.	Sell	-431,455-23.6%	$9.67K	1,393,125
Q1 2017Mar 31, 2017	AXTI AXT Inc	AXT Inc	Sell	-511,675-38.1%	$4.83K	832,727
Q1 2017Mar 31, 2017	BEN Franklin Resources, Inc.	Franklin Resources, Inc.	Sell	-562,195-37.0%	$40.41K	958,925
Q1 2017Mar 31, 2017	GAIA Gaia, Inc.	Gaia, Inc.	Sell	-599,400-53.4%	$5.20K	522,433
Q1 2017Mar 31, 2017	WU Western Union Company (The)	Western Union Company (The)	Sell	-808,594-13.6%	$104.75K	5,147,459
Q1 2017Mar 31, 2017	TGNA TEGNA Inc	TEGNA Inc	Sell	-849,037-13.4%	$140.96K	5,501,965
Q1 2017Mar 31, 2017	KMT Kennametal Inc.	Kennametal Inc.	Sell	-1,504,834-20.7%	$226.71K	5,778,984

Page 126 of 176 • 5272 total trades

«‹

124 125 126 127 128

›»