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
Q2 2024Jun 30, 2024
NCLH
Norwegian Cruise Line
Sell
-169,141-2.9%
Q2 2024Jun 30, 2024
NTAP
NetApp, Inc.
Sell
-181,805-27.4%
Q2 2024Jun 30, 2024
SSD
Simpson Manufacturing Company,
Sell
-181,863-53.6%
Q2 2024Jun 30, 2024
GNRC
Generac Holdlings Inc.
Sell
-214,602-10.0%
Q2 2024Jun 30, 2024
CBRE
CBRE Group Inc
Sell
-220,454-31.3%
Q2 2024Jun 30, 2024
BOKF
BOK Financial Corporation
Sell
-239,164-11.1%
Q2 2024Jun 30, 2024
SCHW
Charles Schwab Corporation (The
Sell
-248,055-29.8%
Q2 2024Jun 30, 2024
HMN
Horace Mann Educators Corporati
Sell - Position Exit
-251,127-100.0%
Q2 2024Jun 30, 2024
DVA
DaVita Inc.
Sell
-256,666-41.6%
Q2 2024Jun 30, 2024
LAZ
Lazard, Inc.
Sell
-277,002-4.4%
Q2 2024Jun 30, 2024
GNTX
Gentex Corporation
Sell
-302,779-4.7%
Q2 2024Jun 30, 2024
LIND
Lindblad Expeditions Holdings I
Sell
-312,144-3.5%
Q2 2024Jun 30, 2024
GILD
Gilead Sciences, Inc.
Sell
-374,489-50.4%
Q2 2024Jun 30, 2024
VOD
Vodafone Group Plc
Sell - Position Exit
-376,475-100.0%
Q2 2024Jun 30, 2024
NVT
nVent Electric
Sell
-407,906-29.1%
Q2 2024Jun 30, 2024
MSGE
Madison Square Garden Entertain
Sell
-440,916-6.3%
Q2 2024Jun 30, 2024
BCO
Brinks Company (The)
Sell
-442,124-25.8%
Q2 2024Jun 30, 2024
CLB
Core Laboratories Inc.
Sell
-533,361-4.9%
Q2 2024Jun 30, 2024
KMT
Kennametal Inc.
Sell
-535,468-5.8%
Q2 2024Jun 30, 2024
MAT
Mattel, Inc.
Sell
-765,283-4.9%
Q2 2024Jun 30, 2024
OSW
OneSpaWorld
Sell
-2,276,481-18.8%
Q2 2024Jun 30, 2024
REZI
Resideo Technologies, Inc.
Sell
-2,436,140-20.3%
Q2 2024Jun 30, 2024
SRCL
Stericycle, Inc.
Sell
-2,707,177-64.0%
Q1 2024Mar 31, 2024
ADT
ADT Inc.
Buy
+7,131,950+31.8%
Q1 2024Mar 31, 2024
LAZ
Lazard, Inc.
Buy - Position Entry
+6,318,658
Q1 2024Mar 31, 2024
CLB
Core Laboratories Inc.
Buy
+1,837,258+20.4%
Q1 2024Mar 31, 2024
NVST
Envista Holdings Corporation
Buy
+1,795,258+25.3%
Q1 2024Mar 31, 2024
PARA
Paramount Global
Buy
+1,028,314+9.3%
Q1 2024Mar 31, 2024
TDC
Teradata Corporation
Buy - Position Entry
+801,592
Q1 2024Mar 31, 2024
CNH
CNH Industrial
Buy
+795,998+46.3%
Page 19 of 1765272 total trades