John W. Rogers Jr. - Ariel Appreciation Fund 13F Activity & Position Changes (Q1 2022)

As of Mar 31, 2022, the Ariel Appreciation Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 13, 2022. 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 2022, the filing reported:

New Buys - Fiserv, Inc., Fair Isaac Corporation, iShares Russell Mid-cap Value E, ZimVie Inc.

Increases - Affiliated Managers Group, Inc., Adtalem Global Education Inc., Axalta, Brinks Company (The), Baidu, Inc., and 49 more

Reductions - iShares MSCI ACWI ex U.S. ETF, ADT Inc., AFLAC Incorporated, APA Corporation, Astrazeneca PLC, and 36 more

Complete Exits - TEGNA 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
Q1 2022	ACWX iShares MSCI ACWI ex U.S. ETF	iShares MSCI ACWI ex U.S. ETF	Sell	-6,651	-14.6%	$2.03K	38,851
Q1 2022	ADT ADT Inc.	ADT Inc.	Sell	-4,164,288	-17.0%	$154.44K	20,348,343
Q1 2022	AFL AFLAC Incorporated	AFLAC Incorporated	Sell	-271,571	-17.6%	$81.60K	1,267,315
Q1 2022	AMG Affiliated Managers Group, Inc.	Affiliated Managers Group, Inc.	Buy	+39,576	+4.4%	$132.10K	937,224
Q1 2022	APA APA Corporation	APA Corporation	Sell	-72,325	-14.3%	$17.91K	433,413
Q1 2022	ATGE Adtalem Global Education Inc.	Adtalem Global Education Inc.	Buy	+611,402	+12.2%	$167.60K	5,641,162
Q1 2022	AXTA Axalta	Axalta	Buy	+1,420,653	+23.8%	$181.86K	7,398,739
Q1 2022	AZN Astrazeneca PLC	Astrazeneca PLC	Sell	-796	-3.2%	$1.59K	23,943
Q1 2022	BAP Credicorp	Credicorp	Sell	-26,150	-1.7%	$258.87K	1,506,213
Q1 2022	BCO Brinks Company (The)	Brinks Company (The)	Buy	+19,661	+1.0%	$140.87K	2,071,566
Q1 2022	BIDU Baidu, Inc.	Baidu, Inc.	Buy	+221,092	+9.1%	$349.17K	2,639,193
Q1 2022	BIO Bio-Rad Laboratories, Inc.	Bio-Rad Laboratories, Inc.	Buy	+5,986	+10.7%	$34.77K	61,736
Q1 2022	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-2,315	-1.7%	$6.46K	130,061
Q1 2022	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Buy	+5,197	+0.7%	$58.12K	795,902
Q1 2022	BOKF BOK Financial Corporation	BOK Financial Corporation	Sell	-23,223	-0.7%	$308.48K	3,283,486
Q1 2022	BRC Brady Corporation	Brady Corporation	Sell	-14,606	-2.4%	$27.17K	587,194
Q1 2022	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-254,037	-90.6%	$9.33K	26,427
Q1 2022	BSAC Banco Santander - Chile	Banco Santander - Chile	Sell	-32,844	-3.1%	$23.24K	1,028,798
Q1 2022	BWA BorgWarner Inc.	BorgWarner Inc.	Buy	+41,849	+2.4%	$69.00K	1,773,700
Q1 2022	BYD Boyd Gaming Corporation	Boyd Gaming Corporation	Buy	+1,020,515	+63.4%	$172.97K	2,629,438
Q1 2022	CAH Cardinal Health, Inc.	Cardinal Health, Inc.	Sell	-118,166	-11.0%	$54.25K	956,749
Q1 2022	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-156,405	-9.6%	$135.00K	1,475,089
Q1 2022	CHKP Check Point	Check Point	Sell	-9,716	-2.0%	$66.00K	477,389
Q1 2022	CRL Charles River Laboratories Inte	Charles River Laboratories Inte	Buy	+30,148	+16.8%	$59.58K	209,795
Q1 2022	EQC Equity	Equity	Buy	+881,703	+43.6%	$81.96K	2,905,341
Q1 2022	EVR Evercore Inc.	Evercore Inc.	Sell	-4,045	-1.9%	$23.71K	213,007
Q1 2022	FAF First American Corporation (New	First American Corporation (New	Sell	-760,617	-15.6%	$265.88K	4,101,753
Q1 2022	FI Fiserv, Inc.	Fiserv, Inc.	Buy - Position Entry	+2,232	-	$226.00	2,232
Q1 2022	FICO Fair Isaac Corporation	Fair Isaac Corporation	Buy - Position Entry	+558	-	$260.00	558
Q1 2022	G02602103 Amdocs	Amdocs	Buy	+6,695	+0.8%	$70.26K	854,597

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