John W. Rogers Ariel Investment: Q1 2026 Portfolio Shifts
Ariel Appreciation Fund's holdings saw significant share changes in Q1 2026, with notable increases in companies like Onespa Holdings and Norwegian Cruise Line, while reducing stakes in Madison Square Garden and others.
As of March 31, 2026, the Ariel Appreciation Fund managed by John W. Rogers Jr. showed active share movements across its portfolio, reflecting strategic adjustments in its investment positions. The fund's total portfolio value stood at approximately $8.91 billion.
Several holdings saw an increase in the number of shares held during the quarter. Notably, the fund added shares in ONESPAWORLD HOLDINGS LIMITED (OSW), increasing its stake by 1,421,104 shares, representing a 10.14% growth. Similarly, the fund boosted its position in NORWEGIAN CRUISE LINE HLDGS (NCLH) by 310,212 shares (2.16%) and PRESTIGE CONSMR HEALTHCARE I (PBH) by 171,829 shares (4.19%). ENVISTA HOLDINGS CORPORATION (NVST) also saw an increase of 1,106,952 shares (9.25%) and CHARLES RIV LABS INTL INC (CRL) by 16,412 shares (1.15%).
Conversely, the fund reduced its holdings in several companies. Shares of MADISON SQUARE GARDEN ENTMT (MSGE) decreased by 775,732 shares (-11.27%), AFFILIATED MANAGERS GROUP (AMG) by 118,193 shares (-10.00%), SPHERE ENTERTAINMENT CO (SPHR) by 706,225 shares (-22.29%), GENERAC HLDGS INC (GNRC) by 129,161 shares (-9.07%), and CHARLES RIV LABS INTL INC (CRL) by 16,412 shares (1.15%).
No new positions were disclosed in this filing, and there is no indication of any fully exited positions among the top holdings tracked. The changes reflect the fund's dynamic approach to portfolio management, with adjustments ranging from significant reductions to modest increases in specific sectors including Consumer Cyclical, Real Estate, Financial Services, Communication Services, Healthcare, and Industrials.
For more detailed information on John W. Rogers Jr.'s Ariel Appreciation Fund, please visit Ariel Appreciation Fund. You can explore the specific companies involved in these transactions by visiting their profiles: ONESPAWORLD HOLDINGS LIMITED, NORWEGIAN CRUISE LINE HLDGS, PRESTIGE CONSMR HEALTHCARE I, ENVISTA HOLDINGS CORPORATION, SPHERE ENTERTAINMENT CO, GENERAC HLDGS INC, and MADISON SQUARE GARDEN ENTMT.