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 2023Jun 30, 2023
CME
CME Group Inc.
Buy - Position Entry
+15,518
Q2 2023Jun 30, 2023
MHK
Mohawk Industries, Inc.
Buy
+12,258+0.6%
Q2 2023Jun 30, 2023
EVR
Evercore Inc.
Buy
+4,934+3.2%
Q2 2023Jun 30, 2023
IWS
iShares Russell Mid-cap Value E
Buy - Position Entry
+1,880
Q2 2023Jun 30, 2023
ST
Sensata Technologies
Buy
+1,154+21.7%
Q2 2023Jun 30, 2023
PDCO
Patterson Companies, Inc.
Buy
+537+8.3%
Q2 2023Jun 30, 2023
REYN
Reynolds Consumer Products Inc.
Buy
+427+8.3%
Q2 2023Jun 30, 2023
FI
Fiserv, Inc.
Buy
+424+13.3%
Q2 2023Jun 30, 2023
MTB
M&T Bank Corporation
Buy
+294+2.7%
Q2 2023Jun 30, 2023
MSI
Motorola Solutions, Inc.
Buy
+60+8.2%
Q2 2023Jun 30, 2023
FICO
Fair Isaac Corporation
Sell
-89-21.1%
Q2 2023Jun 30, 2023
PGR
Progressive Corporation (The)
Sell
-111-8.1%
Q2 2023Jun 30, 2023
BRC
Brady Corporation
Sell
-689-0.2%
Q2 2023Jun 30, 2023
MIDD
The Middleby Corporation
Sell
-693-0.2%
Q2 2023Jun 30, 2023
HMN
Horace Mann Educators Corporati
Sell
-1,367-0.4%
Q2 2023Jun 30, 2023
ZIMV
ZimVie Inc.
Sell
-1,669-0.5%
Q2 2023Jun 30, 2023
HCKT
The Hackett Group, Inc.
Sell
-2,411-0.2%
Q2 2023Jun 30, 2023
KFY
Korn Ferry
Sell
-2,422-0.3%
Q2 2023Jun 30, 2023
IWN
iShares Russell 2000 Value ETF
Sell
-5,478-20.0%
Q2 2023Jun 30, 2023
USB
U.S. Bancorp
Sell
-6,383-3.3%
Q2 2023Jun 30, 2023
ZBRA
Zebra Technologies Corporation
Sell
-6,465-1.4%
Q2 2023Jun 30, 2023
ORCL
Oracle Corporation
Sell
-8,343-11.9%
Q2 2023Jun 30, 2023
NVS
Novartis AG
Sell - Position Exit
-8,750-100.0%
Q2 2023Jun 30, 2023
BRK-B
Berkshire Hathaway Inc. New
Sell - Position Exit
-12,950-100.0%
Q2 2023Jun 30, 2023
MTN
Vail Resorts, Inc.
Sell
-13,149-6.0%
Q2 2023Jun 30, 2023
CHKP
Check Point
Sell
-13,244-2.6%
Q2 2023Jun 30, 2023
GSK
GSK plc
Sell
-13,691-7.4%
Q2 2023Jun 30, 2023
KEYS
Keysight Technologies Inc.
Sell
-14,071-6.1%
Q2 2023Jun 30, 2023
JNJ
Johnson & Johnson
Sell
-17,120-2.9%
Q2 2023Jun 30, 2023
VOD
Vodafone Group Plc
Sell
-17,269-3.9%
Page 32 of 1765272 total trades