John W. Rogers Ariel Fund Portfolio Update: December 2025
John W. Rogers Jr.'s Ariel Appreciation Fund, valued at approximately $9.22 billion as of December 31, 2025, held a diverse portfolio with notable changes in holdings like Norwegian Cruise Line Holdings and SPHR.
John W. Rogers Jr.'s Ariel Appreciation Fund, valued at approximately $9.22 billion as of December 31, 2025, held a diverse portfolio with notable changes in holdings like Norwegian Cruise Line Holdings and SPHR.
The fund's top holdings show varied activity. Madison Square Garden Entertainment (MSGE) saw a reduction in shares (-11.07%), Affiliated Managers Group (AMG) also decreased (-6.46%), and Jones Lang LaSalle (JLL) experienced a modest decline (-6.06%).
Conversely, Norwegian Cruise Line Holdings (NCLH) significantly increased its position, adding 18.76% more shares. Sphere Entertainment (SPHR) saw a substantial decrease of 47.14% in shares. OnespaWorld Holdings (OSW) and Charles River Laboratories (CRL) showed moderate increases, while Envista Holdings (NVST) remained virtually unchanged (-0.28%).
Prestige Consumer Healthcare (PBH) and Lazard (LAZ) also increased their stakes, with PBH showing a particularly strong performance increase of 14.12%.
For detailed analysis of each holding, including performance metrics and company profiles, please visit the investor profile here and explore individual stock pages here.