John W. Rogers Jr. – Ariel Appreciation Fund Portfolio Balances & Equity Value (Jun 30, 2025)

As of Jun 30, 2025, the Ariel Appreciation Fund portfolio balances reported a total equity value of $8.82B across 104 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Aug 14, 2025, providing an updated snapshot of assets under management.

The portfolio balances highlight MADISON SQUARE GARDEN ENTMT (MSGE) as the single largest position, accounting for 3.6% of total equity value, followed by SPHERE ENTERTAINMENT CO (SPHR), MATTEL INC (MAT), LAZARD INC (LAZ), and others. Collectively, the top five holdings represent 16.3% of the portfolio, showing how capital is distributed among core positions and long-term investments.