John W. Rogers Jr. - Ariel Appreciation Fund 13F Activity & Position Changes (Q1 2021)

As of Mar 31, 2021, the Ariel Appreciation Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 14, 2021. 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 Q1 2021, the filing reported:

New Buys - APA Corporation, Axalta, nVent Electric, Sanofi, SuRo Capital Corp., and 3 more

Increases - AFLAC Incorporated, Affiliated Managers Group, Inc., Adtalem Global Education Inc., Astrazeneca PLC, Credicorp, and 45 more

Reductions - iShares MSCI ACWI ex U.S. ETF, Alico, Inc., AstroNova, Inc., Baidu, Inc., The Bank of New York Mellon Cor, and 51 more

Complete Exits - Acacia Research Corporation, Foot Locker, Inc., Intercontinental Exchange Inc., iShares Russell Mid-cap Value E, Nordstrom, Inc., and 1 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
Q1 2021	ACTG Acacia Research Corporation	Acacia Research Corporation	Sell - Position Exit	-122,189	-100.0%	$0.00	-
Q1 2021	ACWX iShares MSCI ACWI ex U.S. ETF	iShares MSCI ACWI ex U.S. ETF	Sell	-12,899	-22.1%	$2.51K	45,502
Q1 2021	AFL AFLAC Incorporated	AFLAC Incorporated	Buy	+75,100	+5.1%	$78.85K	1,540,639
Q1 2021	ALCO Alico, Inc.	Alico, Inc.	Sell	-30,364	-49.8%	$913.00	30,568
Q1 2021	ALOT AstroNova, Inc.	AstroNova, Inc.	Sell	-242,043	-75.3%	$1.06K	79,320
Q1 2021	AMG Affiliated Managers Group, Inc.	Affiliated Managers Group, Inc.	Buy	+34,149	+4.3%	$123.04K	825,603
Q1 2021	APA APA Corporation	APA Corporation	Buy - Position Entry	+428,684	-	$7.67K	428,684
Q1 2021	ATGE Adtalem Global Education Inc.	Adtalem Global Education Inc.	Buy	+551,721	+21.7%	$122.36K	3,094,596
Q1 2021	AXTA Axalta	Axalta	Buy - Position Entry	+4,796,899	-	$141.89K	4,796,899
Q1 2021	AZN Astrazeneca PLC	Astrazeneca PLC	Buy	+385	+1.5%	$1.33K	26,790
Q1 2021	BAP Credicorp	Credicorp	Buy	+122,431	+48.4%	$51.29K	375,583
Q1 2021	BCO Brinks Company (The)	Brinks Company (The)	Buy	+35,963	+2.2%	$134.65K	1,699,438
Q1 2021	BIDU Baidu, Inc.	Baidu, Inc.	Sell	-487,445	-16.6%	$531.50K	2,443,141
Q1 2021	BIO Bio-Rad Laboratories, Inc.	Bio-Rad Laboratories, Inc.	Buy	+1,990	+4.0%	$29.30K	51,301
Q1 2021	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-3,300	-2.3%	$6.75K	142,828
Q1 2021	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Buy	+445,836	+175.0%	$44.23K	700,634
Q1 2021	BOKF BOK Financial Corporation	BOK Financial Corporation	Buy	+527,187	+21.4%	$267.00K	2,989,264
Q1 2021	BRC Brady Corporation	Brady Corporation	Sell	-500	-0.1%	$30.71K	574,594
Q1 2021	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-182,252	-27.9%	$120.31K	470,917
Q1 2021	BSAC Banco Santander - Chile	Banco Santander - Chile	Buy	+448,937	+53.3%	$32.04K	1,290,504
Q1 2021	BWA BorgWarner Inc.	BorgWarner Inc.	Sell	-153,527	-8.8%	$73.64K	1,588,433
Q1 2021	CAH Cardinal Health, Inc.	Cardinal Health, Inc.	Buy	+189,899	+22.9%	$61.82K	1,017,546
Q1 2021	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-19,268	-1.2%	$128.23K	1,620,939
Q1 2021	CHKP Check Point	Check Point	Buy	+157,182	+47.4%	$54.76K	489,094
Q1 2021	CNTY Century Casinos, Inc.	Century Casinos, Inc.	Sell	-706,356	-83.1%	$1.47K	143,403
Q1 2021	CPIX Cumberland Pharmaceuticals Inc.	Cumberland Pharmaceuticals Inc.	Sell	-608,726	-74.1%	$643.00	212,370
Q1 2021	CRAI CRA International,Inc.	CRA International,Inc.	Sell	-32,341	-74.5%	$825.00	11,050
Q1 2021	CRL Charles River Laboratories Inte	Charles River Laboratories Inte	Sell	-1,793	-0.4%	$119.14K	411,073
Q1 2021	CRWS Crown Crafts, Inc.	Crown Crafts, Inc.	Sell	-1,000	-2.3%	$333.00	43,048
Q1 2021	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Sell	-1,810	-2.5%	$3.62K	70,108

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