John W. Rogers Jr. - Ariel Appreciation Fund 13F Activity & Position Changes (Q4 2021)

As of Dec 31, 2021, the Ariel Appreciation Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 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 Q4 2021, the filing reported:

New Buys - Lindblad Expeditions Holdings I, M&T Bank Corporation

Increases - ADT Inc., AFLAC Incorporated, Affiliated Managers Group, Inc., Adtalem Global Education Inc., Axalta, and 42 more

Reductions - APA Corporation, Astrazeneca PLC, Baidu, Inc., Bristol-Myers Squibb Company, Berkshire Hathaway Inc. New, and 42 more

Complete Exits - Novo Nordisk A/S, Vanguard FTSE All World Ex US E, Vanguard Total World Stock Inde, Weibo 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
Q4 2021	ADT ADT Inc.	ADT Inc.	Buy	+225,370	+0.9%	$206.15K	24,512,631
Q4 2021	AFL AFLAC Incorporated	AFLAC Incorporated	Buy	+1,542	+0.1%	$89.86K	1,538,886
Q4 2021	AMG Affiliated Managers Group, Inc.	Affiliated Managers Group, Inc.	Buy	+54,839	+6.5%	$147.67K	897,648
Q4 2021	APA APA Corporation	APA Corporation	Sell	-30,377	-5.7%	$13.60K	505,738
Q4 2021	ATGE Adtalem Global Education Inc.	Adtalem Global Education Inc.	Buy	+1,314,979	+35.4%	$148.68K	5,029,760
Q4 2021	AXTA Axalta	Axalta	Buy	+225,525	+3.9%	$197.99K	5,978,086
Q4 2021	AZN Astrazeneca PLC	Astrazeneca PLC	Sell	-1,608	-6.1%	$1.44K	24,739
Q4 2021	BAP Credicorp	Credicorp	Buy	+271,734	+21.6%	$187.06K	1,532,363
Q4 2021	BCO Brinks Company (The)	Brinks Company (The)	Buy	+84,014	+4.3%	$134.54K	2,051,905
Q4 2021	BIDU Baidu, Inc.	Baidu, Inc.	Sell	-182,373	-7.0%	$359.79K	2,418,101
Q4 2021	BIO Bio-Rad Laboratories, Inc.	Bio-Rad Laboratories, Inc.	Buy	+3,810	+7.3%	$42.12K	55,750
Q4 2021	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+1,842	+1.4%	$7.69K	132,376
Q4 2021	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell	-62,684	-7.3%	$49.30K	790,705
Q4 2021	BOKF BOK Financial Corporation	BOK Financial Corporation	Buy	+18,140	+0.6%	$348.82K	3,306,709
Q4 2021	BRC Brady Corporation	Brady Corporation	Buy	+11,578	+2.0%	$32.44K	601,800
Q4 2021	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-23,295	-7.7%	$83.86K	280,464
Q4 2021	BSAC Banco Santander - Chile	Banco Santander - Chile	Sell	-8,041	-0.8%	$17.29K	1,061,642
Q4 2021	BWA BorgWarner Inc.	BorgWarner Inc.	Buy	+5,497	+0.3%	$78.06K	1,731,851
Q4 2021	BYD Boyd Gaming Corporation	Boyd Gaming Corporation	Buy	+1,469,939	+1057.6%	$105.50K	1,608,923
Q4 2021	CAH Cardinal Health, Inc.	Cardinal Health, Inc.	Sell	-3,276	-0.3%	$55.35K	1,074,915
Q4 2021	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-15,648	-1.0%	$177.03K	1,631,494
Q4 2021	CHKP Check Point	Check Point	Buy	+13,643	+2.9%	$56.78K	487,105
Q4 2021	CRL Charles River Laboratories Inte	Charles River Laboratories Inte	Sell	-3,558	-1.9%	$67.69K	179,647
Q4 2021	EQC Equity	Equity	Buy	+523,577	+34.9%	$52.41K	2,023,638
Q4 2021	EVR Evercore Inc.	Evercore Inc.	Sell	-22,346	-9.3%	$29.49K	217,052
Q4 2021	FAF First American Corporation (New	First American Corporation (New	Sell	-404,101	-7.7%	$380.38K	4,862,370
Q4 2021	G02602103 Amdocs	Amdocs	Sell	-68,233	-7.4%	$63.46K	847,902
Q4 2021	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Sell	-206,320	-7.9%	$175.25K	2,413,576
Q4 2021	GNTX Gentex Corporation	Gentex Corporation	Buy	+992,611	+30.5%	$148.06K	4,248,656
Q4 2021	GOLD Barrick Gold Corporation	Barrick Gold Corporation	Buy	+90,899	+30.4%	$7.42K	390,394

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