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 2024Dec 31, 2024
MTN
Vail Resorts, Inc.
Buy
+21,020+8.6%
Q4 2024Dec 31, 2024
SLB
Schlumberger N.V.
Buy - Position Entry
+19,135
Q4 2024Dec 31, 2024
MAT
Mattel, Inc.
Buy
+12,583+0.1%
Q4 2024Dec 31, 2024
IFS
Intercorp Financial
Buy - Position Entry
+9,095
Q4 2024Dec 31, 2024
JNJ
Johnson & Johnson
Buy
+6,093+24.3%
Q4 2024Dec 31, 2024
APA
APA Corporation
Buy
+5,590+2.3%
Q4 2024Dec 31, 2024
KSPI
Joint Stock Company Kaspi.kz -
Buy
+1,263+57.1%
Q4 2024Dec 31, 2024
BYD
Boyd Gaming Corporation
Buy
+1,263+0.0%
Q4 2024Dec 31, 2024
ZBH
Zimmer Biomet Holdings, Inc.
Buy
+847+0.3%
Q4 2024Dec 31, 2024
REYN
Reynolds Consumer Products Inc.
Buy
+426+6.1%
Q4 2024Dec 31, 2024
BRC
Brady Corporation
Buy
+220+6.1%
Q4 2024Dec 31, 2024
FI
Fiserv, Inc.
Buy
+140+3.1%
Q4 2024Dec 31, 2024
MTB
M&T Bank Corporation
Buy
+126+6.1%
Q4 2024Dec 31, 2024
MSI
Motorola Solutions, Inc.
Buy
+47+6.2%
Q4 2024Dec 31, 2024
FICO
Fair Isaac Corporation
Sell
-21-8.2%
Q4 2024Dec 31, 2024
LMT
Lockheed Martin Corporation
Sell
-231-1.8%
Q4 2024Dec 31, 2024
ST
Sensata Technologies
Sell
-243-3.0%
Q4 2024Dec 31, 2024
PGR
Progressive Corporation (The)
Sell - Position Exit
-869-100.0%
Q4 2024Dec 31, 2024
SNA
Snap-On Incorporated
Sell
-1,101-2.7%
Q4 2024Dec 31, 2024
SSD
Simpson Manufacturing Company,
Sell
-2,463-2.2%
Q4 2024Dec 31, 2024
PHIN
PHINIA Inc.
Sell
-2,665-1.9%
Q4 2024Dec 31, 2024
MAS
Masco Corporation
Sell
-3,784-0.4%
Q4 2024Dec 31, 2024
BAC
Bank of America Corporation
Sell
-4,539-2.7%
Q4 2024Dec 31, 2024
LEN
Lennar Corporation
Sell
-5,118-4.0%
Q4 2024Dec 31, 2024
DHI
D.R. Horton, Inc.
Sell
-5,579-4.0%
Q4 2024Dec 31, 2024
PM
Philip Morris International Inc
Sell
-6,559-3.7%
Q4 2024Dec 31, 2024
JHG
Janus Henderson
Sell
-7,434-0.3%
Q4 2024Dec 31, 2024
DVA
DaVita Inc.
Sell
-9,770-4.0%
Q4 2024Dec 31, 2024
KEYS
Keysight Technologies Inc.
Sell
-10,686-3.6%
Q4 2024Dec 31, 2024
ORCL
Oracle Corporation
Sell
-13,481-24.4%
Page 9 of 1765272 total trades