John W. Rogers Jr. - Ariel Appreciation Fund 13F Activity & Position Changes (Q4 2024)

As of Dec 31, 2024, the Ariel Appreciation Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 14, 2025. 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 2024, the filing reported:

New Buys - AbbVie Inc., Aptiv, CenterPoint Energy, Inc (Holdin, Intercorp Financial, Schlumberger N.V., and 1 more

Increases - APA Corporation, Brinks Company (The), Bio-Rad Laboratories, Inc., Brady Corporation, Boyd Gaming Corporation, and 26 more

Reductions - ADT Inc., AFLAC Incorporated, Allstate Corporation (The), Affiliated Managers Group, Inc., Adtalem Global Education Inc., and 64 more

Complete Exits - Bristol-Myers Squibb Company, Comerica Incorporated, JD.com, Inc., Progressive Corporation (The), Telefonica Brasil S.A.

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 2024	ABBV AbbVie Inc.	AbbVie Inc.	Buy - Position Entry	+151,752	-	$26.97M	151,752
Q4 2024	ADT ADT Inc.	ADT Inc.	Sell	-536,112	-1.8%	$197.49M	28,580,136
Q4 2024	AFL AFLAC Incorporated	AFLAC Incorporated	Sell	-56,817	-15.7%	$31.51M	304,585
Q4 2024	ALL Allstate Corporation (The)	Allstate Corporation (The)	Sell	-77,549	-29.8%	$35.30M	183,116
Q4 2024	AMG Affiliated Managers Group, Inc.	Affiliated Managers Group, Inc.	Sell	-28,234	-1.9%	$263.31M	1,423,927
Q4 2024	APA APA Corporation	APA Corporation	Buy	+5,590	+2.3%	$5.69M	246,222
Q4 2024	APTV Aptiv	Aptiv	Buy - Position Entry	+879,186	-	$53.17M	879,186
Q4 2024	ATGE Adtalem Global Education Inc.	Adtalem Global Education Inc.	Sell	-159,155	-7.1%	$190.17M	2,093,204
Q4 2024	AXTA Axalta	Axalta	Sell	-120,876	-2.8%	$144.18M	4,213,212
Q4 2024	BAC Bank of America Corporation	Bank of America Corporation	Sell	-4,539	-2.7%	$7.24M	164,820
Q4 2024	BAP Credicorp	Credicorp	Sell	-60,989	-20.0%	$44.75M	244,135
Q4 2024	BCO Brinks Company (The)	Brinks Company (The)	Buy	+140,895	+12.3%	$118.94M	1,282,104
Q4 2024	BIDU Baidu, Inc.	Baidu, Inc.	Sell	-19,918	-5.3%	$29.95M	355,193
Q4 2024	BIO Bio-Rad Laboratories, Inc.	Bio-Rad Laboratories, Inc.	Buy	+181,829	+48.0%	$184.14M	560,524
Q4 2024	BMY Bristol-Myers Squibb Company	Bristol-Myers Squibb Company	Sell - Position Exit	-342,514	-100.0%	$0.00	-
Q4 2024	BOKF BOK Financial Corporation	BOK Financial Corporation	Sell	-57,109	-3.1%	$191.90M	1,802,681
Q4 2024	BRC Brady Corporation	Brady Corporation	Buy	+220	+6.1%	$283.58K	3,840
Q4 2024	BWA BorgWarner Inc.	BorgWarner Inc.	Sell	-62,552	-5.9%	$31.84M	1,001,643
Q4 2024	BYD Boyd Gaming Corporation	Boyd Gaming Corporation	Buy	+1,263	+0.0%	$231.14M	3,186,400
Q4 2024	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-54,685	-13.2%	$47.37M	360,823
Q4 2024	CG The Carlyle Group Inc.	The Carlyle Group Inc.	Sell	-177,661	-3.5%	$247.94M	4,910,736
Q4 2024	CHKP Check Point	Check Point	Sell	-63,360	-5.3%	$212.15M	1,136,341
Q4 2024	CLB Core Laboratories Inc.	Core Laboratories Inc.	Sell	-412,686	-4.1%	$166.74M	9,632,570
Q4 2024	CMA Comerica Incorporated	Comerica Incorporated	Sell - Position Exit	-304,481	-100.0%	$0.00	-
Q4 2024	CNH CNH Industrial	CNH Industrial	Sell	-93,142	-4.0%	$25.58M	2,257,609
Q4 2024	CNP CenterPoint Energy, Inc (Holdin	CenterPoint Energy, Inc (Holdin	Buy - Position Entry	+1,458,603	-	$46.28M	1,458,603
Q4 2024	COF Capital One Financial Corporati	Capital One Financial Corporati	Sell	-37,218	-11.9%	$49.20M	275,884
Q4 2024	CRL Charles River Laboratories Inte	Charles River Laboratories Inte	Buy	+169,640	+18.9%	$197.03M	1,067,327
Q4 2024	CVS CVS Health Corporation	CVS Health Corporation	Buy	+311,819	+50.6%	$41.69M	928,626
Q4 2024	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Sell	-5,579	-4.0%	$18.88M	135,049

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