John W. Rogers Jr. - Ariel Appreciation Fund Portfolio Holdings
As of Jun 30, 2025, the Ariel Appreciation Fund portfolio holdings is valued at approximately $8,822,290,087.00 featuring 104 publicly traded holdings. This in-depth profile highlights the top investments led by MADISON SQUARE GARDEN ENTMT (MSGE), SPHERE ENTERTAINMENT CO (SPHR), MATTEL INC (MAT), LAZARD INC (LAZ), and others based on the company's latest SEC filings reported on Aug 14, 2025. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Ariel Appreciation Fund's stock portfolio spans 104 holdings across 12 sectors, with a total market value of $8,822,290,087.00. The Financial Services sector represents the largest allocation, while the top holdings account for nearly 31% of the total portfolio value. MADISON SQUARE GARDEN ENTMT remains the single largest position at 3.6% of all equity investments.
Complete Holdings
Showing 100 of 104 holdings.
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| # | Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|
| 1 | MADISON SQUARE GARDEN ENTMT | MSGE | Consumer Cyclical | 3.58% | 7,896,008 | +120,635 | +1.55% | $315,603,439.00 |
| 2 | SPHERE ENTERTAINMENT CO | SPHR | Communication Services | 3.36% | 7,100,237 | +802,098 | +12.74% | $296,789,907.00 |
| 3 | MATTEL INC | MAT | Consumer Cyclical | 3.18% | 14,220,786 | +362,671 | +2.62% | $280,433,899.00 |
| 4 | LAZARD INC | LAZ | Financial Services | 3.13% | 5,753,997 | +134,717 | +2.40% | $276,076,776.00 |
| 5 | ONESPAWORLD HOLDINGS LIMITED | OSW | Other | 3.05% | 13,213,156 | +2,499,851 | +23.33% | $269,416,251.00 |
| 6 | AFFILIATED MANAGERS GROUP IN | AMG | Financial Services | 3.02% | 1,355,075 | -52,076 | -3.70% | $266,638,107.00 |
| 7 | GENERAC HLDGS INC | GNRC | Industrials | 2.93% | 1,804,595 | +188,717 | +11.68% | $258,436,050.00 |
| 8 | JONES LANG LASALLE INC | JLL | Real Estate | 2.91% | 1,004,090 | -32,290 | -3.12% | $256,826,140.00 |
| 9 | NORWEGIAN CRUISE LINE HLDG L | NCLH | Other | 2.84% | 12,369,377 | +3,288,207 | +36.21% | $250,850,965.00 |
| 10 | CARLYLE GROUP INC | CG | Financial Services | 2.74% | 4,705,544 | -133,669 | -2.76% | $241,864,962.00 |
| 11 | ENVISTA HOLDINGS CORPORATION | NVST | Healthcare | 2.74% | 12,355,666 | +210,921 | +1.74% | $241,429,713.00 |
| 12 | BOYD GAMING CORP | BYD | Consumer Cyclical | 2.51% | 2,834,739 | -263,072 | -8.49% | $221,761,632.00 |
| 13 | FIRST AMERN FINL CORP | FAF | Financial Services | 2.44% | 3,504,069 | -186,809 | -5.06% | $215,114,796.00 |
| 14 | CHARLES RIV LABS INTL INC | CRL | Healthcare | 2.43% | 1,415,348 | +314,572 | +28.58% | $214,750,752.00 |
| 15 | RESIDEO TECHNOLOGIES INC | REZI | Industrials | 2.24% | 8,956,209 | -708,462 | -7.33% | $197,573,971.00 |
| 16 | BIO RAD LABS INC | BIO | Healthcare | 2.24% | 818,624 | +93,964 | +12.97% | $197,550,343.00 |
| 17 | ADT INC DEL | ADT | Industrials | 2.23% | 23,244,598 | -3,812,697 | -14.09% | $196,881,745.00 |
| 18 | MOHAWK INDS INC | MHK | Consumer Cyclical | 2.04% | 1,716,569 | -27,005 | -1.55% | $179,965,093.00 |
| 19 | PRESTIGE CONSMR HEALTHCARE I | PBH | Healthcare | 1.99% | 2,202,327 | -316,614 | -12.57% | $175,855,811.00 |
| 20 | ADTALEM GLOBAL ED INC | ATGE | Consumer Defensive | 1.98% | 1,375,687 | -481,191 | -25.91% | $175,028,658.00 |
| 21 | BOK FINL CORP | BOKF | Financial Services | 1.98% | 1,789,772 | -18,523 | -1.02% | $174,735,441.00 |
| 22 | NORTHERN TR CORP | NTRS | Financial Services | 1.98% | 1,376,364 | -580,895 | -29.68% | $174,509,192.00 |
| 23 | GENTEX CORP | GNTX | Consumer Cyclical | 1.83% | 7,359,272 | +277,217 | +3.91% | $161,830,391.00 |
| 24 | MANCHESTER UTD PLC NEW | MANU | Other | 1.82% | 9,024,434 | +449,105 | +5.24% | $160,725,170.00 |
| 25 | PARAMOUNT GLOBAL | PARA | Communication Services | 1.81% | 12,363,100 | -1,852,154 | -13.03% | $159,483,990.00 |
| 26 | MADISON SQUARE GRDN SPRT COR | MSGS | Communication Services | 1.79% | 757,837 | -81,106 | -9.67% | $158,350,042.00 |
| 27 | SMUCKER J M CO | SJM | Consumer Defensive | 1.70% | 1,528,938 | -352,646 | -18.74% | $150,141,712.00 |
| 28 | CORE LABORATORIES INC | CLB | Energy | 1.69% | 12,976,463 | +2,634,438 | +25.47% | $149,488,854.00 |
| 29 | MIDDLEBY CORP | MIDD | Industrials | 1.53% | 934,607 | -55,916 | -5.65% | $134,583,408.00 |
| 30 | BRINKS CO | BCO | Industrials | 1.40% | 1,383,454 | -10,830 | -0.78% | $123,528,608.00 |
| 31 | AXALTA COATING SYS LTD | AXTA | Other | 1.34% | 3,981,974 | -143,587 | -3.48% | $118,224,808.00 |
| 32 | KENNAMETAL INC | KMT | Industrials | 1.29% | 4,971,198 | -2,764,046 | -35.73% | $114,138,706.00 |
| 33 | CHECK POINT SOFTWARE TECH LT | CHKP | Other | 1.24% | 493,547 | -183,674 | -27.12% | $109,197,274.00 |
| 34 | MICROSOFT CORP | MSFT | Technology | 1.20% | 213,138 | +89,244 | +72.03% | $106,016,973.00 |
| 35 | ZEBRA TECHNOLOGIES CORPORATI | ZBRA | Technology | 1.19% | 339,069 | +113,017 | +50.00% | $104,555,317.00 |
| 36 | LABCORP HOLDINGS INC | LH | Healthcare | 1.09% | 365,398 | -2,865 | -0.78% | $95,920,629.00 |
| 37 | APTIV PLC | APTV | Other | 1.07% | 1,386,513 | +617,115 | +80.21% | $94,587,917.00 |
| 38 | KNOWLES CORP | KN | Technology | 0.93% | 4,643,564 | -14,183 | -0.30% | $81,819,598.00 |
| 39 | LINDBLAD EXPEDITIONS HLDGS I | LIND | Consumer Cyclical | 0.91% | 6,892,053 | -885,715 | -11.39% | $80,430,258.00 |
| 40 | CVS HEALTH CORP | CVS | Healthcare | 0.91% | 1,164,574 | +144,541 | +14.17% | $80,332,315.00 |
| 41 | JANUS HENDERSON GROUP PLC | JHG | Other | 0.90% | 2,036,989 | -111,676 | -5.20% | $79,116,653.00 |
| 42 | INTERPUBLIC GROUP COS INC | IPG | Communication Services | 0.88% | 3,180,658 | -2,096,499 | -39.73% | $77,862,508.00 |
| 43 | ALGONQUIN PWR UTILS CORP | AQN | Utilities | 0.85% | 13,112,831 | +6,160,490 | +88.61% | $75,136,522.00 |
| 44 | NVENT ELECTRIC PLC | NVT | Other | 0.78% | 934,041 | +137,376 | +17.24% | $68,418,503.00 |
| 45 | LITTELFUSE INC | LFUS | Technology | 0.76% | 294,001 | -11,391 | -3.73% | $66,658,847.00 |
| 46 | WEX INC | WEX | Technology | 0.67% | 401,086 | -11,161 | -2.71% | $58,915,522.00 |
| 47 | GCM GROSVENOR INC | GCMG | Financial Services | 0.58% | 4,452,562 | +23,307 | +0.53% | $51,471,617.00 |
| 48 | FIRST SOLAR INC | FSLR | Technology | 0.58% | 307,292 | +307,292 | +100.00% | $50,869,118.00 |
| 49 | VERIZON COMMUNICATIONS INC | VZ | Communication Services | 0.57% | 1,171,161 | -254,046 | -17.83% | $50,676,136.00 |
| 50 | KEYSIGHT TECHNOLOGIES INC | KEYS | Technology | 0.49% | 262,761 | -18,593 | -6.61% | $43,056,018.00 |
| 51 | KORN FERRY | KFY | Industrials | 0.48% | 571,576 | -17,569 | -2.98% | $41,913,668.00 |
| 52 | GILEAD SCIENCES INC | GILD | Healthcare | 0.46% | 368,861 | -61,563 | -14.30% | $40,895,619.00 |
| 53 | KKR & CO INC | KKR | Financial Services | 0.46% | 302,109 | +27,084 | +9.85% | $40,189,560.00 |
| 54 | CAPITAL ONE FINL CORP | COF | Financial Services | 0.45% | 188,311 | -102,806 | -35.31% | $40,065,048.00 |
| 55 | CARMAX INC | KMX | Consumer Cyclical | 0.42% | 552,977 | -6,172 | -1.10% | $37,165,585.00 |
| 56 | SCHWAB CHARLES CORP | SCHW | Financial Services | 0.42% | 406,048 | -152,119 | -27.25% | $37,047,820.00 |
| 57 | NETAPP INC | NTAP | Technology | 0.42% | 344,734 | +60,326 | +21.21% | $36,731,408.00 |
| 58 | SCHLUMBERGER LTD | SLB | Energy | 0.41% | 1,059,263 | +64,905 | +6.53% | $35,803,089.00 |
| 59 | CREDICORP LTD | BAP | Other | 0.37% | 147,208 | -33,403 | -18.49% | $32,903,932.00 |
| 60 | CBRE GROUP INC | CBRE | Real Estate | 0.37% | 233,336 | -55,013 | -19.08% | $32,695,040.00 |
| 61 | CENTERPOINT ENERGY INC | CNP | Utilities | 0.37% | 884,095 | -770,495 | -46.57% | $32,481,650.00 |
| 62 | INTEL CORP | INTC | Technology | 0.36% | 1,410,999 | +453,321 | +47.34% | $31,606,378.00 |
| 63 | FISERV INC | FI | Technology | 0.36% | 182,786 | +178,080 | +3784.11% | $31,514,134.00 |
| 64 | STANLEY BLACK & DECKER INC | SWK | Industrials | 0.33% | 424,573 | -4,051 | -0.95% | $28,764,821.00 |
| 65 | MASCO CORP | MAS | Industrials | 0.29% | 401,924 | -540,062 | -57.33% | $25,867,829.00 |
| 66 | GOLDMAN SACHS GROUP INC | GS | Financial Services | 0.29% | 36,538 | +27,533 | +305.75% | $25,859,770.00 |
| 67 | LESLIES INC | LESL | Consumer Cyclical | 0.29% | 60,903,406 | +2,725,991 | +4.69% | $25,573,340.00 |
| 68 | ALLSTATE CORP | ALL | Financial Services | 0.27% | 118,737 | -58,607 | -33.05% | $23,902,945.00 |
| 69 | ZIMMER BIOMET HOLDINGS INC | ZBH | Healthcare | 0.26% | 253,190 | -46,733 | -15.58% | $23,093,460.00 |
| 70 | AFLAC INC | AFL | Financial Services | 0.26% | 216,615 | -2,808 | -1.28% | $22,844,218.00 |
| 71 | BANK AMERICA CORP | BAC | Financial Services | 0.26% | 477,903 | -362,026 | -43.10% | $22,614,370.00 |
| 72 | MOLSON COORS BEVERAGE CO | TAP | Consumer Defensive | 0.25% | 467,331 | -30,393 | -6.11% | $22,473,948.00 |
| 73 | MGP INGREDIENTS INC NEW | MGPI | Consumer Defensive | 0.24% | 719,144 | +93,086 | +14.87% | $21,552,746.00 |
| 74 | DISNEY WALT CO | DIS | Communication Services | 0.24% | 172,170 | +172,170 | +100.00% | $21,350,802.00 |
| 75 | WESTERN ALLIANCE BANCORP | WAL | Financial Services | 0.23% | 259,369 | -244,238 | -48.50% | $20,225,595.00 |
| 76 | OWENS CORNING NEW | OC | Industrials | 0.22% | 140,449 | +27,871 | +24.76% | $19,314,546.00 |
| 77 | VAIL RESORTS INC | MTN | Consumer Cyclical | 0.21% | 119,332 | -4,717 | -3.80% | $18,750,637.00 |
| 78 | D R HORTON INC | DHI | Consumer Cyclical | 0.21% | 144,643 | +7,022 | +5.10% | $18,647,376.00 |
| 79 | SIMPSON MFG INC | SSD | Basic Materials | 0.19% | 108,613 | -2,883 | -2.59% | $16,868,685.00 |
| 80 | VANGUARD TAX-MANAGED FDS | VEA | Other | 0.16% | 245,539 | +112,626 | +84.74% | $13,998,178.00 |
| 81 | HACKETT GROUP INC | HCKT | Technology | 0.15% | 523,231 | -105,441 | -16.77% | $13,300,532.00 |
| 82 | SNAP ON INC | SNA | Industrials | 0.12% | 33,005 | -1,981 | -5.66% | $10,270,496.00 |
| 83 | ORACLE CORP | ORCL | Technology | 0.08% | 31,885 | -6,123 | -16.11% | $6,971,018.00 |
| 84 | TAIWAN SEMICONDUCTOR MFG LTD | TSM | Technology | 0.08% | 30,031 | -77 | -0.26% | $6,801,721.00 |
| 85 | PHINIA INC | PHIN | Consumer Cyclical | 0.07% | 140,160 | -80 | -0.06% | $6,235,718.00 |
| 86 | LOCKHEED MARTIN CORP | LMT | Industrials | 0.07% | 12,710 | - | - | $5,886,509.00 |
| 87 | APA CORPORATION | APA | Energy | 0.06% | 299,492 | +53,270 | +21.63% | $5,477,709.00 |
| 88 | MOSAIC CO NEW | MOS | Basic Materials | 0.06% | 148,340 | +7,300 | +5.18% | $5,411,443.00 |
| 89 | CHEVRON CORP NEW | CVX | Energy | 0.06% | 37,763 | - | - | $5,407,284.00 |
| 90 | BARRICK MNG CORP | B | Other | 0.06% | 244,597 | +244,597 | +100.00% | $5,092,510.00 |
| 91 | JOHNSON & JOHNSON | JNJ | Healthcare | 0.05% | 31,163 | - | - | $4,760,148.00 |
| 92 | KB FINL GROUP INC | KB | Financial Services | 0.05% | 52,122 | -52,252 | -50.06% | $4,304,756.00 |
| 93 | VANGUARD INTL EQUITY INDEX F | VT | Other | 0.05% | 33,476 | -41,348 | -55.26% | $4,302,336.00 |
| 94 | ISHARES TR | IWN | Other | 0.04% | 21,467 | -19,150 | -47.15% | $3,386,634.00 |
| 95 | BORGWARNER INC | BWA | Consumer Cyclical | 0.02% | 64,987 | -621,015 | -90.53% | $2,175,765.00 |
| 96 | ZIMVIE INC | ZIMV | Healthcare | 0.02% | 206,401 | +38,685 | +23.07% | $1,929,849.00 |
| 97 | INTERCORP FINL SVCS INC | IFS | Other | 0.01% | 28,734 | +10,213 | +55.14% | $1,095,627.00 |
| 98 | KASPI KZ JSC | KSPI | Technology | 0.01% | 11,009 | +3,879 | +54.40% | $934,554.00 |
| 99 | M & T BK CORP | MTB | Financial Services | 0.01% | 4,294 | +2,088 | +94.65% | $832,993.00 |
| 100 | FAIR ISAAC CORP | FICO | Technology | 0.00% | 224 | -13 | -5.49% | $409,463.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Financial Services | 18.57% | $1,638,683,733.00 |
| Consumer Cyclical | 15.29% | $1,348,573,133.00 |
| Other | 13.73% | $1,211,316,758.00 |
| Industrials | 13.12% | $1,157,409,127.00 |
| Healthcare | 12.20% | $1,076,518,639.00 |
| Communication Services | 8.67% | $764,513,385.00 |
| Technology | 7.26% | $640,481,832.00 |
| Consumer Defensive | 4.18% | $369,197,064.00 |
| Real Estate | 3.28% | $289,521,180.00 |
| Energy | 2.22% | $196,176,936.00 |
| Utilities | 1.22% | $107,618,172.00 |
| Basic Materials | 0.25% | $22,280,128.00 |
Portfolio insights
As of Jun 30, 2025, the Ariel Appreciation Fund portfolio holds 104 securities valued at $8,822,290,087.00. The Financial Services sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.