John W. Rogers Jr. – Ariel Appreciation Fund Portfolio Activity & Recent Trades (Sep 30, 2025)
As of Sep 30, 2025, the Ariel Appreciation Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 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 Q3 2025, the filing reported:
New Buys – Arthur J. Gallagher & Co., FedEx Corporation, HDFC Bank Limited, Humana Inc., Infosys Limited, and 1 more
Increases – Algonquin Power & Utilities Cor, Axalta, Bank of America Corporation, Core Laboratories Inc., CenterPoint Energy, Inc (Holdin, and 24 more
Reductions – ADT Inc., AFLAC Incorporated, Allstate Corporation (The), Affiliated Managers Group, Inc., Aptiv, and 61 more
Complete Exits – Dun & Bradstreet Holdings, Inc., Leslie's, Inc., Owens Corning Inc, Paramount Global, ZimVie Inc.
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
| Date | Symbol | Name | Type | Change Qty | % Change | Value | Remaining |
|---|---|---|---|---|---|---|---|
Q3 2025 | ADT ADT Inc. | ADT Inc. | Sell | -1,175,656 | -5.1% | $192.22M | 22,068,942 |
Q3 2025 | AFL AFLAC Incorporated | AFLAC Incorporated | Sell | -1,267 | -0.6% | $24.05M | 215,348 |
Q3 2025 | AJG Arthur J. Gallagher & Co. | Arthur J. Gallagher & Co. | Buy - Position Entry | +13,645 | - | $4.23M | 13,645 |
Q3 2025 | ALL Allstate Corporation (The) | Allstate Corporation (The) | Sell | -49,003 | -41.3% | $14.97M | 69,734 |
Q3 2025 | AMG Affiliated Managers Group, Inc. | Affiliated Managers Group, Inc. | Sell | -91,251 | -6.7% | $301.33M | 1,263,824 |
Q3 2025 | APTV Aptiv | Aptiv | Sell | -236,248 | -17.0% | $99.18M | 1,150,265 |
Q3 2025 | AQN Algonquin Power & Utilities Cor | Algonquin Power & Utilities Cor | Buy | +3,232,775 | +24.7% | $87.78M | 16,345,606 |
Q3 2025 | ATGE Adtalem Global Education Inc. | Adtalem Global Education Inc. | Sell | -80,811 | -5.9% | $199.99M | 1,294,876 |
Q3 2025 | AXTA Axalta | Axalta | Buy | +206,987 | +5.2% | $119.89M | 4,188,961 |
Q3 2025 | BAC Bank of America Corporation | Bank of America Corporation | Buy | +61,756 | +12.9% | $27.84M | 539,659 |
Q3 2025 | BAP Credicorp | Credicorp | Sell | -141,966 | -96.4% | $1.40M | 5,242 |
Q3 2025 | BCO Brinks Company (The) | Brinks Company (The) | Sell | -157,667 | -11.4% | $143.25M | 1,225,787 |
Q3 2025 | BIO Bio-Rad Laboratories, Inc. | Bio-Rad Laboratories, Inc. | Sell | -9,144 | -1.1% | $226.97M | 809,480 |
Q3 2025 | BOKF BOK Financial Corporation | BOK Financial Corporation | Sell | -70,312 | -3.9% | $191.62M | 1,719,460 |
Q3 2025 | BRC Brady Corporation | Brady Corporation | Sell | -20 | -0.5% | $284.03K | 3,640 |
Q3 2025 | BYD Boyd Gaming Corporation | Boyd Gaming Corporation | Sell | -232,279 | -8.2% | $224.98M | 2,602,460 |
Q3 2025 | CBRE CBRE Group Inc | CBRE Group Inc | Sell | -4,430 | -1.9% | $36.07M | 228,906 |
Q3 2025 | CG The Carlyle Group Inc. | The Carlyle Group Inc. | Sell | -472,158 | -10.0% | $265.43M | 4,233,386 |
Q3 2025 | CHKP Check Point | Check Point | Sell | -7,279 | -1.5% | $100.61M | 486,268 |
Q3 2025 | CLB Core Laboratories Inc. | Core Laboratories Inc. | Buy | +797,105 | +6.1% | $170.24M | 13,773,568 |
Q3 2025 | CNP CenterPoint Energy, Inc (Holdin | CenterPoint Energy, Inc (Holdin | Buy | +143,217 | +16.2% | $39.86M | 1,027,312 |
Q3 2025 | COF Capital One Financial Corporati | Capital One Financial Corporati | Buy | +17,651 | +9.4% | $43.78M | 205,962 |
Q3 2025 | CRL Charles River Laboratories Inte | Charles River Laboratories Inte | Buy | +74,750 | +5.3% | $233.14M | 1,490,098 |
Q3 2025 | CVS CVS Health Corporation | CVS Health Corporation | Sell | -174,928 | -15.0% | $74.61M | 989,646 |
Q3 2025 | CVX Chevron Corporation | Chevron Corporation | Buy | +3,736 | +9.9% | $6.44M | 41,499 |
Q3 2025 | DHI D.R. Horton, Inc. | D.R. Horton, Inc. | Sell | -15,974 | -11.0% | $21.81M | 128,669 |
Q3 2025 | DIS Walt Disney Company (The) | Walt Disney Company (The) | Buy | +327,799 | +190.4% | $57.25M | 499,969 |
Q3 2025 | DNB Dun & Bradstreet Holdings, Inc. | Dun & Bradstreet Holdings, Inc. | Sell - Position Exit | -19,393 | -100.0% | $0.00 | - |
Q3 2025 | FAF First American Corporation (New | First American Corporation (New | Buy | +221,115 | +6.3% | $239.31M | 3,725,184 |
Q3 2025 | FDX FedEx Corporation | FedEx Corporation | Buy - Position Entry | +75,869 | - | $17.89M | 75,869 |