John W. Rogers Jr. – Ariel Appreciation Fund Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Ariel Appreciation Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 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 Q2 2025, the filing reported:

New Buys – First Solar, Inc. (FSLR), Barrick Gold (B), Walt Disney Company (The) (DIS)

Increases – Algonquin Power & Utilities Cor (AQN), Norwegian Cruise Line (NCLH), Leslie's, Inc. (LESL), Core Laboratories Inc. (CLB), OneSpaWorld (OSW), and 32 more

Reductions – Fair Isaac Corporation (FICO), Motorola Solutions, Inc. (MSI), Progressive Corporation (The) (PGR), Taiwan Semiconductor Manufactur (TSM), PHINIA Inc. (PHIN), and 56 more

Complete Exits – Vanguard Total International St (VXUS), AbbVie Inc. (ABBV), Philip Morris International Inc (PM), Barrick Gold Corporation (GOLD), CNH Industrial (CNH)

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Ariel Appreciation Fund Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q2 2017Jun 30, 2017	USB U.S. Bancorp	U.S. Bancorp	Buy	+21,775+6.4%	$18.77K	361,586
Q2 2017Jun 30, 2017	TSCO Tractor Supply Company	Tractor Supply Company	Buy	+21,728+32.8%	$4.77K	87,938
Q2 2017Jun 30, 2017	OXY Occidental Petroleum Corporatio	Occidental Petroleum Corporatio	Buy	+19,145+5.0%	$24.21K	404,431
Q2 2017Jun 30, 2017	CRAI CRA International,Inc.	CRA International,Inc.	Buy	+16,400+10.1%	$6.51K	179,298
Q2 2017Jun 30, 2017	MOV Movado Group Inc.	Movado Group Inc.	Buy	+16,200+8.1%	$5.46K	216,400
Q2 2017Jun 30, 2017	SRE DBA Sempra	DBA Sempra	Buy	+14,355+6.2%	$27.70K	245,709
Q2 2017Jun 30, 2017	ITUB Itau Unibanco Banco Holding SA	Itau Unibanco Banco Holding SA	Buy	+10,846+37.4%	$441.00	39,869
Q2 2017Jun 30, 2017	FDS FactSet Research Systems Inc.	FactSet Research Systems Inc.	Buy	+9,423+40.2%	$5.46K	32,840
Q2 2017Jun 30, 2017	AYI Acuity Brands, Inc.	Acuity Brands, Inc.	Buy - Position Entry	+8,486	$1.73K	8,486
Q2 2017Jun 30, 2017	MA Mastercard Incorporated	Mastercard Incorporated	Buy - Position Entry	+7,461	$906.00	7,461
Q2 2017Jun 30, 2017	SSD Simpson Manufacturing Company,	Simpson Manufacturing Company,	Buy	+6,744+0.4%	$76.98K	1,761,167
Q2 2017Jun 30, 2017	TRIP TripAdvisor, Inc.	TripAdvisor, Inc.	Buy	+4,475+6.3%	$2.88K	75,405
Q2 2017Jun 30, 2017	CME CME Group Inc.	CME Group Inc.	Buy	+4,254+6.0%	$9.45K	75,485
Q2 2017Jun 30, 2017	FFIV F5, Inc.	F5, Inc.	Buy - Position Entry	+3,152	$400.00	3,152
Q2 2017Jun 30, 2017	ACN Accenture plc	Accenture plc	Buy	+1,912+6.3%	$4.00K	32,379
Q2 2017Jun 30, 2017	CHD Church & Dwight Company, Inc.	Church & Dwight Company, Inc.	Buy	+1,017+3.7%	$1.49K	28,683
Q2 2017Jun 30, 2017	NVS Novartis AG	Novartis AG	Buy	+928+1.9%	$4.15K	49,665
Q2 2017Jun 30, 2017	EXPD Expeditors International of Was	Expeditors International of Was	Buy	+847+3.8%	$1.30K	23,059
Q2 2017Jun 30, 2017	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Buy	+788+3.8%	$1.41K	21,440
Q2 2017Jun 30, 2017	ACTG Acacia Research Corporation	Acacia Research Corporation	Buy	+584+0.0%	$14.00K	3,413,758
Q2 2017Jun 30, 2017	NTTYY Nippon Telegraph & Telephone Co	Nippon Telegraph & Telephone Co	Buy	+230+0.4%	$2.65K	56,112
Q2 2017Jun 30, 2017	GHC Graham Holdings Company	Graham Holdings Company	Buy	+4+0.0%	$13.92K	23,211
Q2 2017Jun 30, 2017	SNY Sanofi	Sanofi	Sell	-4-0.0%	$852.00	17,790
Q2 2017Jun 30, 2017	GS Goldman Sachs Group, Inc. (The)	Goldman Sachs Group, Inc. (The)	Sell	-6-0.0%	$5.50K	24,799
Q2 2017Jun 30, 2017	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell	-15-0.0%	$7.58K	82,890
Q2 2017Jun 30, 2017	CVS CVS Health Corporation	CVS Health Corporation	Sell	-20-0.0%	$9.31K	115,661
Q2 2017Jun 30, 2017	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-27-0.0%	$5.76K	112,837
Q2 2017Jun 30, 2017	LMT Lockheed Martin Corporation	Lockheed Martin Corporation	Sell	-615-1.8%	$9.11K	32,804
Q2 2017Jun 30, 2017	CSWC Capital Southwest Corporation	Capital Southwest Corporation	Sell	-1,045-0.1%	$15.30K	951,668
Q2 2017Jun 30, 2017	ORCL Oracle Corporation	Oracle Corporation	Sell	-2,422-1.2%	$10.11K	201,713

Page 120 of 176 • 5272 total trades

«‹

118 119 120 121 122

›»