John W. Rogers Jr. – Ariel Appreciation Fund Portfolio Activity & Recent Trades (Dec 31, 2025)
As of Dec 31, 2025, the Ariel Appreciation Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 13, 2026. 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 Q4 2025, the filing reported:
New Buys – Bristol-Myers Squibb Company, FactSet Research Systems Inc., Hewlett Packard Enterprise Comp, iShares Russell 1000 Value ETF, Omnicom Group Inc., and 5 more
Increases – Arthur J. Gallagher & Co., Adtalem Global Education Inc., Axalta, Credicorp, Walt Disney Company (The), and 20 more
Reductions – ADT Inc., AFLAC Incorporated, Affiliated Managers Group, Inc., APA Corporation, Algonquin Power & Utilities Cor, and 63 more
Complete Exits – Allstate Corporation (The), Aptiv, D.R. Horton, Inc., Infosys Limited, Interpublic Group of Companies,, and 4 more
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 |
|---|---|---|---|---|---|---|---|
Q4 2025 | ADT ADT Inc. | ADT Inc. | Sell | -510,642 | -2.3% | $173.98M | 21,558,300 |
Q4 2025 | AFL AFLAC Incorporated | AFLAC Incorporated | Sell | -3,276 | -1.5% | $23.39M | 212,072 |
Q4 2025 | AJG Arthur J. Gallagher & Co. | Arthur J. Gallagher & Co. | Buy | +1,712 | +12.5% | $3.97M | 15,357 |
Q4 2025 | ALL Allstate Corporation (The) | Allstate Corporation (The) | Sell - Position Exit | -69,734 | -100.0% | $0.00 | - |
Q4 2025 | AMG Affiliated Managers Group, Inc. | Affiliated Managers Group, Inc. | Sell | -81,601 | -6.5% | $340.81M | 1,182,223 |
Q4 2025 | APA APA Corporation | APA Corporation | Sell | -2,153 | -0.7% | $7.27M | 297,339 |
Q4 2025 | APTV Aptiv | Aptiv | Sell - Position Exit | -1,150,265 | -100.0% | $0.00 | - |
Q4 2025 | AQN Algonquin Power & Utilities Cor | Algonquin Power & Utilities Cor | Sell | -424,952 | -2.6% | $97.91M | 15,920,654 |
Q4 2025 | ATGE Adtalem Global Education Inc. | Adtalem Global Education Inc. | Buy | +602,752 | +46.5% | $196.35M | 1,897,628 |
Q4 2025 | AXTA Axalta | Axalta | Buy | +675,585 | +16.1% | $157.17M | 4,864,546 |
Q4 2025 | B Barrick Gold | Barrick Gold | Sell | -28,471 | -11.6% | $9.41M | 216,126 |
Q4 2025 | BAC Bank of America Corporation | Bank of America Corporation | Sell | -22,217 | -4.1% | $28.46M | 517,442 |
Q4 2025 | BAP Credicorp | Credicorp | Buy | +495 | +9.4% | $1.65M | 5,737 |
Q4 2025 | BCO Brinks Company (The) | Brinks Company (The) | Sell | -198,343 | -16.2% | $119.93M | 1,027,444 |
Q4 2025 | BIO Bio-Rad Laboratories, Inc. | Bio-Rad Laboratories, Inc. | Sell | -44,808 | -5.5% | $231.69M | 764,672 |
Q4 2025 | BMY Bristol-Myers Squibb Company | Bristol-Myers Squibb Company | Buy - Position Entry | +732,677 | - | $39.52M | 732,677 |
Q4 2025 | BOKF BOK Financial Corporation | BOK Financial Corporation | Sell | -30,153 | -1.8% | $200.12M | 1,689,307 |
Q4 2025 | BRC Brady Corporation | Brady Corporation | Sell | -644 | -17.7% | $234.80K | 2,996 |
Q4 2025 | BYD Boyd Gaming Corporation | Boyd Gaming Corporation | Sell | -262,288 | -10.1% | $199.48M | 2,340,172 |
Q4 2025 | CBRE CBRE Group Inc | CBRE Group Inc | Sell | -17,825 | -7.8% | $33.94M | 211,081 |
Q4 2025 | CG The Carlyle Group Inc. | The Carlyle Group Inc. | Sell | -283,053 | -6.7% | $233.50M | 3,950,333 |
Q4 2025 | CHKP Check Point | Check Point | Sell | -22,083 | -4.5% | $86.13M | 464,185 |
Q4 2025 | CLB Core Laboratories Inc. | Core Laboratories Inc. | Sell | -112,568 | -0.8% | $218.99M | 13,661,000 |
Q4 2025 | CNP CenterPoint Energy, Inc (Holdin | CenterPoint Energy, Inc (Holdin | Sell | -30,534 | -3.0% | $38.22M | 996,778 |
Q4 2025 | COF Capital One Financial Corporati | Capital One Financial Corporati | Sell | -43,732 | -21.2% | $39.32M | 162,230 |
Q4 2025 | CRL Charles River Laboratories Inte | Charles River Laboratories Inte | Sell | -62,327 | -4.2% | $284.81M | 1,427,771 |
Q4 2025 | CVS CVS Health Corporation | CVS Health Corporation | Sell | -164,554 | -16.6% | $65.48M | 825,092 |
Q4 2025 | DHI D.R. Horton, Inc. | D.R. Horton, Inc. | Sell - Position Exit | -128,669 | -100.0% | $0.00 | - |
Q4 2025 | DIS Walt Disney Company (The) | Walt Disney Company (The) | Buy | +57,678 | +11.5% | $63.44M | 557,647 |
Q4 2025 | FAF First American Corporation (New | First American Corporation (New | Buy | +191,966 | +5.2% | $240.67M | 3,917,150 |