John W. Rogers Jr. - Ariel Appreciation Fund 13F Activity & Position Changes (Q3 2024)

According to the SEC 13F filed on Nov 13, 2024, the Ariel Appreciation Fund portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2024. 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 2024, the filing reported:

New Buys - Comerica Incorporated, JD.com, Inc., Western Alliance Bancorporation, WEX Inc.

Increases - Allstate Corporation (The), Affiliated Managers Group, Inc., APA Corporation, Bio-Rad Laboratories, Inc., BorgWarner Inc., and 20 more

Reductions - ADT Inc., AFLAC Incorporated, Adtalem Global Education Inc., Axalta, Bank of America Corporation, and 73 more

Complete Exits - Evercore Inc., Patterson Companies, Inc., Stericycle, Inc., Truist Financial Corporation, U.S. Bancorp, and 4 more

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 2024	ADT ADT Inc.	ADT Inc.	Sell	-1,244,311	-4.1%	$210.51M	29,116,248
Q3 2024	AFL AFLAC Incorporated	AFLAC Incorporated	Sell	-155,572	-30.1%	$40.40M	361,402
Q3 2024	ALL Allstate Corporation (The)	Allstate Corporation (The)	Buy	+20,623	+8.6%	$49.44M	260,665
Q3 2024	AMG Affiliated Managers Group, Inc.	Affiliated Managers Group, Inc.	Buy	+9,344	+0.6%	$258.19M	1,452,161
Q3 2024	APA APA Corporation	APA Corporation	Buy	+30,784	+14.7%	$5.89M	240,632
Q3 2024	ATGE Adtalem Global Education Inc.	Adtalem Global Education Inc.	Sell	-689,374	-23.4%	$170.01M	2,252,359
Q3 2024	AXTA Axalta	Axalta	Sell	-72,876	-1.7%	$156.85M	4,334,088
Q3 2024	BAC Bank of America Corporation	Bank of America Corporation	Sell	-2,325	-1.4%	$6.72M	169,359
Q3 2024	BAP Credicorp	Credicorp	Sell	-104,512	-25.5%	$55.22M	305,124
Q3 2024	BCO Brinks Company (The)	Brinks Company (The)	Sell	-129,368	-10.2%	$131.97M	1,141,209
Q3 2024	BIDU Baidu, Inc.	Baidu, Inc.	Sell	-718,141	-65.7%	$39.50M	375,111
Q3 2024	BIO Bio-Rad Laboratories, Inc.	Bio-Rad Laboratories, Inc.	Buy	+274,508	+263.5%	$126.70M	378,695
Q3 2024	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-276,697	-44.7%	$17.72M	342,514
Q3 2024	BOKF BOK Financial Corporation	BOK Financial Corporation	Sell	-55,435	-2.9%	$194.57M	1,859,790
Q3 2024	BRC Brady Corporation	Brady Corporation	Sell	-275,390	-98.7%	$277.40K	3,620
Q3 2024	BWA BorgWarner Inc.	BorgWarner Inc.	Buy	+138,024	+14.9%	$38.62M	1,064,195
Q3 2024	BYD Boyd Gaming Corporation	Boyd Gaming Corporation	Buy	+153,446	+5.1%	$205.92M	3,185,137
Q3 2024	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-69,487	-14.3%	$51.72M	415,508
Q3 2024	CG The Carlyle Group Inc.	The Carlyle Group Inc.	Buy	+150,672	+3.1%	$219.11M	5,088,397
Q3 2024	CHKP Check Point	Check Point	Sell	-136,577	-10.2%	$231.31M	1,199,701
Q3 2024	CLB Core Laboratories Inc.	Core Laboratories Inc.	Sell	-247,040	-2.4%	$186.14M	10,045,256
Q3 2024	CMA Comerica Incorporated	Comerica Incorporated	Buy - Position Entry	+304,481	-	$18.24M	304,481
Q3 2024	CNH CNH Industrial	CNH Industrial	Sell	-582,665	-19.9%	$26.09M	2,350,751
Q3 2024	COF Capital One Financial Corporati	Capital One Financial Corporati	Sell	-123,233	-28.2%	$46.88M	313,102
Q3 2024	CRL Charles River Laboratories Inte	Charles River Laboratories Inte	Sell	-8,450	-0.9%	$176.82M	897,687
Q3 2024	CVS CVS Health Corporation	CVS Health Corporation	Sell	-52,277	-7.8%	$38.78M	616,807
Q3 2024	CVX Chevron Corporation	Chevron Corporation	Buy	+6,226	+19.1%	$5.72M	38,827
Q3 2024	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Sell	-24,998	-15.1%	$26.83M	140,628
Q3 2024	DNB Dun & Bradstreet Holdings, Inc.	Dun & Bradstreet Holdings, Inc.	Sell	-246,027	-5.9%	$45.42M	3,946,422
Q3 2024	DVA DaVita Inc.	DaVita Inc.	Sell	-114,776	-31.9%	$40.13M	244,828

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