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 BuysFirst Solar, Inc. (FSLR), Barrick Gold (B), Walt Disney Company (The) (DIS)
IncreasesAlgonquin Power & Utilities Cor (AQN), Norwegian Cruise Line (NCLH), Leslie's, Inc. (LESL), Core Laboratories Inc. (CLB), OneSpaWorld (OSW), and 32 more
ReductionsFair Isaac Corporation (FICO), Motorola Solutions, Inc. (MSI), Progressive Corporation (The) (PGR), Taiwan Semiconductor Manufactur (TSM), PHINIA Inc. (PHIN), and 56 more
Complete ExitsVanguard 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

DateSymbolTypeQuantity
Q4 2014Dec 31, 2014
HMN
Horace Mann Educators Corporati
Sell
-2,453-0.6%
Q4 2014Dec 31, 2014
ORCL
Oracle Corporation
Sell
-2,500-1.1%
Q4 2014Dec 31, 2014
NTRS
Northern Trust Corporation
Sell
-3,605-0.2%
Q4 2014Dec 31, 2014
OMC
Omnicom Group Inc.
Sell
-4,457-0.4%
Q4 2014Dec 31, 2014
CRWS
Crown Crafts, Inc.
Sell
-5,175-0.4%
Q4 2014Dec 31, 2014
ZBH
Zimmer Biomet Holdings, Inc.
Sell
-6,393-0.6%
Q4 2014Dec 31, 2014
BIO
Bio-Rad Laboratories, Inc.
Sell
-6,659-0.6%
Q4 2014Dec 31, 2014
LMT
Lockheed Martin Corporation
Sell
-6,750-12.5%
Q4 2014Dec 31, 2014
NWL
Newell Brands Inc.
Sell
-6,860-0.2%
Q4 2014Dec 31, 2014
ITW
Illinois Tool Works Inc.
Sell
-7,857-0.9%
Q4 2014Dec 31, 2014
ALV
Autoliv, Inc.
Sell - Position Exit
-8,285-100.0%
Q4 2014Dec 31, 2014
BEN
Franklin Resources, Inc.
Sell
-8,799-0.5%
Q4 2014Dec 31, 2014
GHC
Graham Holdings Company
Sell
-13,417-26.1%
Q4 2014Dec 31, 2014
TM
Toyota Motor Corporation
Sell - Position Exit
-14,818-100.0%
Q4 2014Dec 31, 2014
VPL
Vanguard FTSE Pacific ETF
Sell
-26,148-42.7%
Q4 2014Dec 31, 2014
LFCR
Lifecore Biomedical, Inc.
Sell
-28,128-1.6%
Q4 2014Dec 31, 2014
EXPD
Expeditors International of Was
Sell
-29,031-28.2%
Q4 2014Dec 31, 2014
WMT
Walmart Inc.
Sell
-30,239-17.9%
Q4 2014Dec 31, 2014
HSBC
HSBC Holdings, plc.
Sell
-30,270-59.0%
Q4 2014Dec 31, 2014
GIFI
Gulf Island Fabrication, Inc.
Sell
-36,150-17.8%
Q4 2014Dec 31, 2014
TGT
Target Corporation
Sell
-39,200-38.9%
Q4 2014Dec 31, 2014
OESX
Orion Energy Systems, Inc.
Sell
-48,381-1.2%
Q4 2014Dec 31, 2014
BCO
Brinks Company (The)
Sell
-64,630-6.0%
Q4 2014Dec 31, 2014
SNA
Snap-On Incorporated
Sell
-81,750-7.9%
Q4 2014Dec 31, 2014
IEX
IDEX Corporation
Sell
-125,080-22.6%
Q4 2014Dec 31, 2014
JLL
Jones Lang LaSalle Incorporated
Sell
-143,451-8.3%
Q4 2014Dec 31, 2014
CBRE
CBRE Group Inc
Sell
-163,040-4.1%
Q4 2014Dec 31, 2014
RCL
Royal Caribbean
Sell
-237,190-17.4%
Q4 2014Dec 31, 2014
JWN
Nordstrom, Inc.
Sell
-285,287-20.3%
Q4 2014Dec 31, 2014
FICO
Fair Isaac Corporation
Sell
-306,845-17.5%
Page 158 of 1765272 total trades