John W. Rogers Jr. - Ariel Appreciation Fund 13F Activity & Position Changes (Q3 2022)

As of Sep 30, 2022, the Ariel Appreciation Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 14, 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 Q3 2022, the filing reported:

New Buys - Bank of America Corporation, GCM Grosvenor Inc., GSK plc, Haleon plc

Increases - Affiliated Managers Group, Inc., Bio-Rad Laboratories, Inc., Boyd Gaming Corporation, Charles River Laboratories Inte, Dun & Bradstreet Holdings, Inc., and 37 more

Reductions - ADT Inc., AFLAC Incorporated, APA Corporation, Adtalem Global Education Inc., Axalta, and 58 more

Complete Exits - None reported

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 2022	ADT ADT Inc.	ADT Inc.	Sell	-898,987	-4.7%	$136.24K	18,190,118
Q3 2022	AFL AFLAC Incorporated	AFLAC Incorporated	Sell	-4,375	-0.5%	$52.69K	937,545
Q3 2022	AMG Affiliated Managers Group, Inc.	Affiliated Managers Group, Inc.	Buy	+35,304	+3.2%	$128.10K	1,145,254
Q3 2022	APA APA Corporation	APA Corporation	Sell	-68,614	-19.6%	$9.64K	281,986
Q3 2022	ATGE Adtalem Global Education Inc.	Adtalem Global Education Inc.	Sell	-686,821	-13.8%	$156.22K	4,285,951
Q3 2022	AXTA Axalta	Axalta	Sell	-72,505	-1.0%	$151.52K	7,194,786
Q3 2022	AZN Astrazeneca PLC	Astrazeneca PLC	Sell	-636	-2.8%	$1.21K	22,048
Q3 2022	BAC Bank of America Corporation	Bank of America Corporation	Buy - Position Entry	+59,644	-	$1.80K	59,644
Q3 2022	BAP Credicorp	Credicorp	Sell	-52,507	-3.5%	$179.72K	1,463,493
Q3 2022	BCO Brinks Company (The)	Brinks Company (The)	Sell	-39,593	-1.8%	$104.11K	2,149,349
Q3 2022	BIDU Baidu, Inc.	Baidu, Inc.	Sell	-39,388	-1.5%	$305.64K	2,601,447
Q3 2022	BIO Bio-Rad Laboratories, Inc.	Bio-Rad Laboratories, Inc.	Buy	+2,762	+4.3%	$27.81K	66,665
Q3 2022	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-24,873	-19.5%	$3.96K	102,931
Q3 2022	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-14,227	-1.7%	$56.84K	799,534
Q3 2022	BOKF BOK Financial Corporation	BOK Financial Corporation	Sell	-265,841	-8.1%	$269.75K	3,035,642
Q3 2022	BRC Brady Corporation	Brady Corporation	Sell	-144,435	-22.5%	$20.78K	498,037
Q3 2022	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-475	-1.8%	$7.10K	26,588
Q3 2022	BSAC Banco Santander - Chile	Banco Santander - Chile	Sell	-8,382	-0.8%	$14.40K	1,027,700
Q3 2022	BWA BorgWarner Inc.	BorgWarner Inc.	Sell	-56,207	-3.0%	$57.43K	1,829,048
Q3 2022	BYD Boyd Gaming Corporation	Boyd Gaming Corporation	Buy	+206,895	+6.2%	$169.79K	3,563,366
Q3 2022	CAH Cardinal Health, Inc.	Cardinal Health, Inc.	Sell	-247,029	-27.9%	$42.62K	639,230
Q3 2022	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-142,689	-8.8%	$100.08K	1,482,380
Q3 2022	CHKP Check Point	Check Point	Sell	-7,546	-1.3%	$61.91K	552,677
Q3 2022	CRL Charles River Laboratories Inte	Charles River Laboratories Inte	Buy	+60,859	+10.3%	$128.02K	650,498
Q3 2022	DNB Dun & Bradstreet Holdings, Inc.	Dun & Bradstreet Holdings, Inc.	Buy	+1,440	+14.4%	$142.00	11,424
Q3 2022	EQC Equity	Equity	Buy	+1,717,081	+50.4%	$124.85K	5,125,117
Q3 2022	EVR Evercore Inc.	Evercore Inc.	Sell	-4,911	-2.6%	$15.14K	184,066
Q3 2022	FAF First American Corporation (New	First American Corporation (New	Sell	-93,177	-2.2%	$190.48K	4,131,920
Q3 2022	FI Fiserv, Inc.	Fiserv, Inc.	Buy	+360	+14.4%	$267.00	2,856
Q3 2022	FICO Fair Isaac Corporation	Fair Isaac Corporation	Buy	+17	+3.5%	$207.00	503

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