John W. Rogers Jr. - Ariel Appreciation Fund 13F Activity & Position Changes (Q4 2025)
According to the SEC 13F filed on Feb 13, 2026, the Ariel Appreciation Fund portfolio showed several notable changes in holdings as of quarter-end Dec 31, 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 2025, the filing reported:
New Buys - Bristol-Myers Squibb Company, FactSet Research Systems Inc., Hewlett Packard Enterprise Comp, iShares Russell 1000 Value ETF, Omnicom Group Inc., and 5 more
Increases - Arthur J. Gallagher & Co., Adtalem Global Education Inc., Axalta, Credicorp, Walt Disney Company (The), and 20 more
Reductions - ADT Inc., AFLAC Incorporated, Affiliated Managers Group, Inc., APA Corporation, Algonquin Power & Utilities Cor, and 63 more
Complete Exits - Allstate Corporation (The), Aptiv, D.R. Horton, Inc., Infosys Limited, Interpublic Group of Companies,, 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 | Type | Change Qty |
|---|---|---|---|
|
Q4 2025
|
ADT
ADT Inc.
|
Sell |
-510,642
|
|
Q4 2025
|
AFL
AFLAC Incorporated
|
Sell |
-3,276
|
|
Q4 2025
|
AJG
Arthur J. Gallagher & Co.
|
Buy |
+1,712
|
|
Q4 2025
|
ALL
Allstate Corporation (The)
|
Sell - Position Exit |
-69,734
|
|
Q4 2025
|
AMG
Affiliated Managers Group, Inc.
|
Sell |
-81,601
|
|
Q4 2025
|
APA
APA Corporation
|
Sell |
-2,153
|
|
Q4 2025
|
APTV
Aptiv
|
Sell - Position Exit |
-1,150,265
|
|
Q4 2025
|
AQN
Algonquin Power & Utilities Cor
|
Sell |
-424,952
|
|
Q4 2025
|
ATGE
Adtalem Global Education Inc.
|
Buy |
+602,752
|
|
Q4 2025
|
AXTA
Axalta
|
Buy |
+675,585
|
|
Q4 2025
|
B
Barrick Gold
|
Sell |
-28,471
|
|
Q4 2025
|
BAC
Bank of America Corporation
|
Sell |
-22,217
|
|
Q4 2025
|
BAP
Credicorp
|
Buy |
+495
|
|
Q4 2025
|
BCO
Brinks Company (The)
|
Sell |
-198,343
|
|
Q4 2025
|
BIO
Bio-Rad Laboratories, Inc.
|
Sell |
-44,808
|
|
Q4 2025
|
BMY
Bristol-Myers Squibb Company
|
Buy - Position Entry |
+732,677
|
|
Q4 2025
|
BOKF
BOK Financial Corporation
|
Sell |
-30,153
|
|
Q4 2025
|
BRC
Brady Corporation
|
Sell |
-644
|
|
Q4 2025
|
BYD
Boyd Gaming Corporation
|
Sell |
-262,288
|
|
Q4 2025
|
CBRE
CBRE Group Inc
|
Sell |
-17,825
|
|
Q4 2025
|
CG
The Carlyle Group Inc.
|
Sell |
-283,053
|
|
Q4 2025
|
CHKP
Check Point
|
Sell |
-22,083
|
|
Q4 2025
|
CLB
Core Laboratories Inc.
|
Sell |
-112,568
|
|
Q4 2025
|
CNP
CenterPoint Energy, Inc (Holdin
|
Sell |
-30,534
|
|
Q4 2025
|
COF
Capital One Financial Corporati
|
Sell |
-43,732
|
|
Q4 2025
|
CRL
Charles River Laboratories Inte
|
Sell |
-62,327
|
|
Q4 2025
|
CVS
CVS Health Corporation
|
Sell |
-164,554
|
|
Q4 2025
|
DHI
D.R. Horton, Inc.
|
Sell - Position Exit |
-128,669
|
|
Q4 2025
|
DIS
Walt Disney Company (The)
|
Buy |
+57,678
|
|
Q4 2025
|
FAF
First American Corporation (New
|
Buy |
+191,966
|
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