John W. Rogers Jr. - Ariel Appreciation Fund 13F Activity & Position Changes (Q3 2014)

As of Sep 30, 2014, 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 Q3 2014, the filing reported:

New Buys - American Express Company, Schlumberger N.V.

Increases - Accenture plc, Acacia Research Corporation, AFLAC Incorporated, AstroNova, Inc., ANSYS, Inc., and 54 more

Reductions - Autoliv, Inc., ARC Document Solutions, Inc., Brinks Company (The), British American Tobacco Indus, CBRE Group Inc, and 25 more

Complete Exits - Aware, Inc., C.H. Robinson Worldwide, Inc., FormFactor, 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 2014	ACN Accenture plc	Accenture plc	Buy	+284	+2.5%	$954.00	11,731
Q3 2014	ACTG Acacia Research Corporation	Acacia Research Corporation	Buy	+31,689	+2.5%	$19.88K	1,284,415
Q3 2014	AFL AFLAC Incorporated	AFLAC Incorporated	Buy	+91,400	+6.5%	$87.63K	1,504,452
Q3 2014	ALOT AstroNova, Inc.	AstroNova, Inc.	Buy	+78,095	+7.2%	$15.35K	1,163,639
Q3 2014	ALV Autoliv, Inc.	Autoliv, Inc.	Sell	-3,181	-27.7%	$762.00	8,285
Q3 2014	ANSS ANSYS, Inc.	ANSYS, Inc.	Buy	+6,894	+28.4%	$2.36K	31,166
Q3 2014	ARC ARC Document Solutions, Inc.	ARC Document Solutions, Inc.	Sell	-530,973	-24.0%	$13.59K	1,677,376
Q3 2014	AWRE Aware, Inc.	Aware, Inc.	Sell - Position Exit	-1,557,371	-100.0%	$0.00	-
Q3 2014	AXP American Express Company	American Express Company	Buy - Position Entry	+5,492	-	$481.00	5,492
Q3 2014	AZTA Azenta, Inc.	Azenta, Inc.	Buy	+18,900	+7.5%	$2.86K	271,800
Q3 2014	BAX Baxter International Inc.	Baxter International Inc.	Buy	+1,800	+2.9%	$4.53K	63,051
Q3 2014	BCO Brinks Company (The)	Brinks Company (The)	Sell	-29,423	-2.6%	$26.06K	1,084,110
Q3 2014	BEN Franklin Resources, Inc.	Franklin Resources, Inc.	Buy	+115,628	+6.6%	$101.52K	1,858,974
Q3 2014	BIDU Baidu, Inc.	Baidu, Inc.	Buy	+1,758	+1.6%	$24.11K	110,456
Q3 2014	BIO Bio-Rad Laboratories, Inc.	Bio-Rad Laboratories, Inc.	Buy	+83,774	+8.5%	$121.02K	1,067,226
Q3 2014	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+3,900	+3.5%	$4.52K	116,715
Q3 2014	BRC Brady Corporation	Brady Corporation	Buy	+1,073,076	+33.0%	$97.13K	4,328,458
Q3 2014	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+1,184	+2.5%	$6.77K	49,016
Q3 2014	BSAC Banco Santander - Chile	Banco Santander - Chile	Buy	+46,261	+94.2%	$2.11K	95,358
Q3 2014	BTI British American Tobacco Indus	British American Tobacco Indus	Sell	-10,484	-30.7%	$2.68K	23,686
Q3 2014	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-345,995	-8.0%	$118.93K	3,998,936
Q3 2014	CHRW C.H. Robinson Worldwide, Inc.	C.H. Robinson Worldwide, Inc.	Sell - Position Exit	-42,448	-100.0%	$0.00	-
Q3 2014	CNTY Century Casinos, Inc.	Century Casinos, Inc.	Buy	+1,813,707	+252.5%	$12.99K	2,532,132
Q3 2014	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Buy	+164	+3.2%	$654.00	5,221
Q3 2014	CPIX Cumberland Pharmaceuticals Inc.	Cumberland Pharmaceuticals Inc.	Sell	-55,919	-2.1%	$12.88K	2,607,251
Q3 2014	CRL Charles River Laboratories Inte	Charles River Laboratories Inte	Buy	+45,613	+2.3%	$119.26K	1,996,270
Q3 2014	CRWS Crown Crafts, Inc.	Crown Crafts, Inc.	Sell	-1,325	-0.1%	$9.68K	1,298,832
Q3 2014	CSWC Capital Southwest Corporation	Capital Southwest Corporation	Buy	+4,800	+6.0%	$3.06K	85,400
Q3 2014	CVS CVS Health Corporation	CVS Health Corporation	Sell	-3,145	-3.2%	$7.58K	95,275
Q3 2014	CVU CPI Aerostructures, Inc.	CPI Aerostructures, Inc.	Buy	+118,660	+8.3%	$15.20K	1,543,268

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