John W. Rogers Jr. - Ariel Appreciation Fund Portfolio

Name: Investment Portfolio Data
License: https://creativecommons.org/licenses/by/4.0/

Period Date		Mar 31, 2025
Filing Date		May 15, 2025
Total Stocks		106
Portfolio Value		$8.51B

Ariel Appreciation Fund Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q4 2022Dec 31, 2022	SJM The J.M. Smucker Company	The J.M. Smucker Company	Sell	-92,177-12.5%	$102.18M	644,853
Q4 2022Dec 31, 2022	APA APA Corporation	APA Corporation	Sell	-96,124-34.1%	$8.68M	185,862
Q4 2022Dec 31, 2022	BYD Boyd Gaming Corporation	Boyd Gaming Corporation	Sell	-106,447-3.0%	$188.51M	3,456,919
Q4 2022Dec 31, 2022	FAF First American Corporation (New	First American Corporation (New	Sell	-114,202-2.8%	$210.29M	4,017,718
Q4 2022Dec 31, 2022	BCO Brinks Company (The)	Brinks Company (The)	Sell	-131,767-6.1%	$108.36M	2,017,582
Q4 2022Dec 31, 2022	HLI Houlihan Lokey, Inc.	Houlihan Lokey, Inc.	Sell - Position Exit	-144,158-100.0%	$0.00	-
Q4 2022Dec 31, 2022	BWA BorgWarner Inc.	BorgWarner Inc.	Sell	-144,943-7.9%	$67.79M	1,684,105
Q4 2022Dec 31, 2022	JNJ Johnson & Johnson	Johnson & Johnson	Sell	-159,643-21.0%	$105.87M	599,323
Q4 2022Dec 31, 2022	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-181,044-12.2%	$100.15M	1,301,336
Q4 2022Dec 31, 2022	OMC Omnicom Group Inc.	Omnicom Group Inc.	Sell - Position Exit	-192,428-100.0%	$0.00	-
Q4 2022Dec 31, 2022	SNA Snap-On Incorporated	Snap-On Incorporated	Sell	-210,108-28.9%	$118.22M	517,378
Q4 2022Dec 31, 2022	BRC Brady Corporation	Brady Corporation	Sell	-217,642-43.7%	$13.21M	280,395
Q4 2022Dec 31, 2022	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-226,576-20.4%	$73.64M	884,406
Q4 2022Dec 31, 2022	NVST Envista Holdings Corporation	Envista Holdings Corporation	Sell	-255,115-4.8%	$169.85M	5,044,455
Q4 2022Dec 31, 2022	KMT Kennametal Inc.	Kennametal Inc.	Sell	-259,532-2.4%	$249.32M	10,362,253
Q4 2022Dec 31, 2022	SRCL Stericycle, Inc.	Stericycle, Inc.	Sell	-260,401-5.8%	$210.71M	4,223,508
Q4 2022Dec 31, 2022	CAH Cardinal Health, Inc.	Cardinal Health, Inc.	Sell	-286,691-44.8%	$27.10M	352,539
Q4 2022Dec 31, 2022	WBA Walgreens Boots Alliance, Inc.	Walgreens Boots Alliance, Inc.	Sell	-371,579-29.7%	$32.81M	878,213
Q4 2022Dec 31, 2022	GNTX Gentex Corporation	Gentex Corporation	Sell	-374,780-4.1%	$241.39M	8,851,996
Q4 2022Dec 31, 2022	IPG Interpublic Group of Companies,	Interpublic Group of Companies,	Sell	-387,286-4.5%	$272.42M	8,178,383
Q4 2022Dec 31, 2022	BOKF BOK Financial Corporation	BOK Financial Corporation	Sell	-388,693-12.8%	$274.73M	2,646,949
Q4 2022Dec 31, 2022	ATGE Adtalem Global Education Inc.	Adtalem Global Education Inc.	Sell	-476,072-11.1%	$135.25M	3,809,879
Q4 2022Dec 31, 2022	MEI Methode Electronics, Inc.	Methode Electronics, Inc.	Sell	-523,728-61.8%	$14.39M	324,291
Q4 2022Dec 31, 2022	ADT ADT Inc.	ADT Inc.	Sell	-1,365,168-7.5%	$152.60M	16,824,950
Q4 2022Dec 31, 2022	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Sell	-1,495,360-55.9%	$101.20M	1,178,750
Q4 2022Dec 31, 2022	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell	-2,431,601-71.2%	$45.58M	981,829
Q3 2022Sep 30, 2022	GCMG GCM Grosvenor Inc.	GCM Grosvenor Inc.	Buy - Position Entry	+2,753,204	$21.72K	2,753,204
Q3 2022Sep 30, 2022	EQC Equity	Equity	Buy	+1,717,081+50.4%	$124.85K	5,125,117
Q3 2022Sep 30, 2022	LIND Lindblad Expeditions Holdings I	Lindblad Expeditions Holdings I	Buy	+1,454,945+32.2%	$40.37K	5,971,652
Q3 2022Sep 30, 2022	PARA Paramount Global	Paramount Global	Buy	+1,013,442+16.5%	$136.12K	7,149,210

Page 37 of 166 • 4968 total trades

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