John W. Rogers Jr. - Ariel Appreciation Fund 13F Activity & Position Changes (Q2 2015)

As of Jun 30, 2015, the Ariel Appreciation Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 14, 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 Q2 2015, the filing reported:

New Buys - Mattel, Inc., Occidental Petroleum Corporatio, TEGNA Inc

Increases - Accenture plc, Acacia Research Corporation, AFLAC Incorporated, ANSYS, Inc., American Express Company, and 41 more

Reductions - AstroNova, Inc., Baxter International Inc., Franklin Resources, Inc., Bio-Rad Laboratories, Inc., CBRE Group Inc, and 46 more

Complete Exits - NVIDIA Corporation, State Street Corporation, Vanguard FTSE Pacific ETF

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
Q2 2015	ACN Accenture plc	Accenture plc	Buy	+7,556	+21.2%	$4.18K	43,193
Q2 2015	ACTG Acacia Research Corporation	Acacia Research Corporation	Buy	+683,292	+32.9%	$24.20K	2,758,869
Q2 2015	AFL AFLAC Incorporated	AFLAC Incorporated	Buy	+163,355	+8.5%	$130.32K	2,095,259
Q2 2015	ALOT AstroNova, Inc.	AstroNova, Inc.	Sell	-10,627	-0.9%	$16.57K	1,158,146
Q2 2015	ANSS ANSYS, Inc.	ANSYS, Inc.	Buy	+13,139	+17.0%	$8.27K	90,624
Q2 2015	AXP American Express Company	American Express Company	Buy	+30,021	+147.2%	$3.92K	50,411
Q2 2015	AXTI AXT Inc	AXT Inc	Buy	+199,551	+7.4%	$7.32K	2,905,071
Q2 2015	AZTA Azenta, Inc.	Azenta, Inc.	Buy	+2,200	+0.9%	$2.81K	245,500
Q2 2015	BAP Credicorp	Credicorp	Buy	+4,563	+10.5%	$6.65K	47,881
Q2 2015	BAX Baxter International Inc.	Baxter International Inc.	Sell	-1,000	-1.6%	$4.33K	61,951
Q2 2015	BCO Brinks Company (The)	Brinks Company (The)	Buy	+59,155	+4.7%	$38.45K	1,306,388
Q2 2015	BEN Franklin Resources, Inc.	Franklin Resources, Inc.	Sell	-3,314	-0.2%	$94.78K	1,933,094
Q2 2015	BIDU Baidu, Inc.	Baidu, Inc.	Buy	+160,847	+60.4%	$85.00K	426,991
Q2 2015	BIO Bio-Rad Laboratories, Inc.	Bio-Rad Laboratories, Inc.	Sell	-18,159	-1.6%	$169.13K	1,122,983
Q2 2015	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+1,300	+1.1%	$4.95K	117,915
Q2 2015	BRC Brady Corporation	Brady Corporation	Buy	+193,630	+4.1%	$122.34K	4,945,092
Q2 2015	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+15,399	+20.7%	$12.20K	89,665
Q2 2015	BSAC Banco Santander - Chile	Banco Santander - Chile	Buy	+69,924	+7.1%	$21.47K	1,060,098
Q2 2015	BTI British American Tobacco Indus	British American Tobacco Indus	Buy	+3,914	+9.1%	$5.09K	47,034
Q2 2015	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-164,482	-4.4%	$132.76K	3,588,010
Q2 2015	CME CME Group Inc.	CME Group Inc.	Buy	+5,395	+22.6%	$2.73K	29,307
Q2 2015	CNTY Century Casinos, Inc.	Century Casinos, Inc.	Sell	-57,761	-1.6%	$21.88K	3,472,857
Q2 2015	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Buy	+206	+5.9%	$501.00	3,706
Q2 2015	CPIX Cumberland Pharmaceuticals Inc.	Cumberland Pharmaceuticals Inc.	Sell	-402,156	-21.1%	$10.76K	1,505,086
Q2 2015	CRL Charles River Laboratories Inte	Charles River Laboratories Inte	Sell	-78,795	-4.5%	$118.15K	1,679,650
Q2 2015	CRWS Crown Crafts, Inc.	Crown Crafts, Inc.	Sell	-12,446	-1.0%	$10.26K	1,282,582
Q2 2015	CSWC Capital Southwest Corporation	Capital Southwest Corporation	Sell	-7,252	-6.7%	$5.07K	101,500
Q2 2015	CVS CVS Health Corporation	CVS Health Corporation	Sell	-1,200	-1.4%	$8.69K	82,895
Q2 2015	CVU CPI Aerostructures, Inc.	CPI Aerostructures, Inc.	Sell	-13,100	-0.8%	$15.62K	1,560,357
Q2 2015	DGX Quest Diagnostics Incorporated	Quest Diagnostics Incorporated	Buy	+64,597	+12.5%	$42.10K	580,555

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