John W. Rogers Jr. - Ariel Appreciation Fund 13F Activity & Position Changes (Q4 2025)
As of Dec 31, 2025, the Ariel Appreciation Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 13, 2026. 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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