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
Q1 2025Mar 31, 2025
RCL
Royal Caribbean
Sell - Position Exit
-457,908-100.0%
Q1 2025Mar 31, 2025
CHKP
Check Point
Sell
-459,120-40.4%
Q1 2025Mar 31, 2025
TDC
Teradata Corporation
Sell - Position Exit
-635,363-100.0%
Q1 2025Mar 31, 2025
WBA
Walgreens Boots Alliance, Inc.
Sell - Position Exit
-907,748-100.0%
Q1 2025Mar 31, 2025
MAT
Mattel, Inc.
Sell
-962,630-6.5%
Q1 2025Mar 31, 2025
ADT
ADT Inc.
Sell
-1,522,841-5.3%
Q1 2025Mar 31, 2025
NOV
NOV Inc.
Sell - Position Exit
-2,294,639-100.0%
Q4 2024Dec 31, 2024
LESL
Leslie's, Inc.
Buy
+3,975,268+8.5%
Q4 2024Dec 31, 2024
CNP
CenterPoint Energy, Inc (Holdin
Buy - Position Entry
+1,458,603
Q4 2024Dec 31, 2024
MSGE
Madison Square Garden Entertain
Buy
+964,657+14.5%
Q4 2024Dec 31, 2024
APTV
Aptiv
Buy - Position Entry
+879,186
Q4 2024Dec 31, 2024
NVST
Envista Holdings Corporation
Buy
+699,625+6.2%
Q4 2024Dec 31, 2024
PARA
Paramount Global
Buy
+460,539+3.2%
Q4 2024Dec 31, 2024
SPHR
Sphere Entertainment Co.
Buy
+394,050+7.4%
Q4 2024Dec 31, 2024
FAF
First American Corporation (New
Buy
+359,777+9.9%
Q4 2024Dec 31, 2024
CVS
CVS Health Corporation
Buy
+311,819+50.6%
Q4 2024Dec 31, 2024
VEA
Vanguard FTSE Developed Markets
Buy - Position Entry
+249,089
Q4 2024Dec 31, 2024
SJM
The J.M. Smucker Company
Buy
+201,576+12.4%
Q4 2024Dec 31, 2024
BIO
Bio-Rad Laboratories, Inc.
Buy
+181,829+48.0%
Q4 2024Dec 31, 2024
CRL
Charles River Laboratories Inte
Buy
+169,640+18.9%
Q4 2024Dec 31, 2024
WEX
WEX Inc.
Buy
+168,832+113.0%
Q4 2024Dec 31, 2024
GILD
Gilead Sciences, Inc.
Buy
+162,746+68.7%
Q4 2024Dec 31, 2024
WAL
Western Alliance Bancorporation
Buy
+156,715+43.1%
Q4 2024Dec 31, 2024
ABBV
AbbVie Inc.
Buy - Position Entry
+151,752
Q4 2024Dec 31, 2024
BCO
Brinks Company (The)
Buy
+140,895+12.3%
Q4 2024Dec 31, 2024
MGPI
MGP Ingredients, Inc.
Buy
+89,461+17.6%
Q4 2024Dec 31, 2024
MIDD
The Middleby Corporation
Buy
+72,031+6.4%
Q4 2024Dec 31, 2024
MANU
Manchester United
Buy
+64,997+0.8%
Q4 2024Dec 31, 2024
IWN
iShares Russell 2000 Value ETF
Buy
+31,131+203.8%
Q4 2024Dec 31, 2024
WBA
Walgreens Boots Alliance, Inc.
Buy
+25,047+2.8%
Page 8 of 1765272 total trades