John W. Rogers Jr. - Ariel Appreciation Fund 13F Activity & Position Changes (Q3 2020)

As of Sep 30, 2020, the Ariel Appreciation Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 13, 2020. 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 2020, the filing reported:

New Buys - CRA International,Inc., One Stop Systems, Inc.

Increases - AFLAC Incorporated, AstroNova, Inc., Affiliated Managers Group, Inc., Adtalem Global Education Inc., Credicorp, and 47 more

Reductions - Acacia Research Corporation, Bio-Rad Laboratories, Inc., Bristol-Myers Squibb Company, Berkshire Hathaway Inc. New, BorgWarner Inc., and 43 more

Complete Exits - Discover Financial Services, EOG Resources, Inc., Interactive Brokers Group, Inc., QUALCOMM Incorporated, Exxon Mobil Corporation

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 2020	ACTG Acacia Research Corporation	Acacia Research Corporation	Sell	-152,734	-8.7%	$5.53K	1,592,800
Q3 2020	AFL AFLAC Incorporated	AFLAC Incorporated	Buy	+154,295	+11.0%	$56.68K	1,559,172
Q3 2020	ALOT AstroNova, Inc.	AstroNova, Inc.	Buy	+19,600	+6.9%	$2.43K	302,571
Q3 2020	AMG Affiliated Managers Group, Inc.	Affiliated Managers Group, Inc.	Buy	+132	+0.0%	$51.24K	749,421
Q3 2020	ATGE Adtalem Global Education Inc.	Adtalem Global Education Inc.	Buy	+241,986	+8.6%	$75.26K	3,066,741
Q3 2020	BAP Credicorp	Credicorp	Buy	+91,433	+108.9%	$21.74K	175,358
Q3 2020	BCO Brinks Company (The)	Brinks Company (The)	Buy	+591,255	+82.7%	$53.69K	1,306,519
Q3 2020	BIDU Baidu, Inc.	Baidu, Inc.	Buy	+111,153	+4.1%	$360.64K	2,848,886
Q3 2020	BIO Bio-Rad Laboratories, Inc.	Bio-Rad Laboratories, Inc.	Sell	-8,293	-11.4%	$33.19K	64,393
Q3 2020	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+20,039	+20.3%	$4.07K	118,575
Q3 2020	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-32,440	-9.1%	$19.53K	323,956
Q3 2020	BOKF BOK Financial Corporation	BOK Financial Corporation	Buy	+673,891	+44.4%	$112.86K	2,190,988
Q3 2020	BRC Brady Corporation	Brady Corporation	Buy	+18,200	+4.5%	$16.83K	420,513
Q3 2020	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-38,851	-5.2%	$151.34K	710,706
Q3 2020	BSAC Banco Santander - Chile	Banco Santander - Chile	Buy	+130,916	+18.2%	$11.76K	848,756
Q3 2020	BWA BorgWarner Inc.	BorgWarner Inc.	Sell	-223,773	-10.7%	$72.12K	1,861,761
Q3 2020	CAH Cardinal Health, Inc.	Cardinal Health, Inc.	Buy	+26,072	+3.8%	$33.06K	704,181
Q3 2020	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-141,536	-7.2%	$85.74K	1,825,402
Q3 2020	CCL Carnival Corporation	Carnival Corporation	Sell	-22,563	-4.0%	$8.17K	537,970
Q3 2020	CHKP Check Point	Check Point	Buy	+7,583	+3.1%	$30.75K	255,532
Q3 2020	CNTY Century Casinos, Inc.	Century Casinos, Inc.	Sell	-50,028	-5.8%	$4.48K	818,059
Q3 2020	CRAI CRA International,Inc.	CRA International,Inc.	Buy - Position Entry	+26,816	-	$1.00K	26,816
Q3 2020	CRL Charles River Laboratories Inte	Charles River Laboratories Inte	Sell	-134,264	-21.5%	$111.04K	490,342
Q3 2020	CRWS Crown Crafts, Inc.	Crown Crafts, Inc.	Buy	+920	+2.5%	$213.00	37,777
Q3 2020	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Sell	-3,413	-4.1%	$3.16K	80,277
Q3 2020	DFS Discover Financial Services	Discover Financial Services	Sell - Position Exit	-126,453	-100.0%	$0.00	-
Q3 2020	ENZ Enzo Biochem, Inc.	Enzo Biochem, Inc.	Buy	+171,776	+26.1%	$1.75K	831,092
Q3 2020	EOG EOG Resources, Inc.	EOG Resources, Inc.	Sell - Position Exit	-316,900	-100.0%	$0.00	-
Q3 2020	EQC Equity	Equity	Buy	+439,846	+102.0%	$23.20K	871,213
Q3 2020	FAF First American Corporation (New	First American Corporation (New	Buy	+365,666	+11.6%	$179.68K	3,529,260

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