ARIEL INVESTMENTS, LLC

CIK

936753

Location

CHICAGO, IL

Portfolio Value

Mid $9,240,927,372

Diversification

Diversified

Filing Date

Global Rank

#448 / 7,976 ▲ 3

Top Industry

Entertainment 12.3%

3Y Alpha vs SPY

-2.9%

Period ended 9 months ago

Filed Nov 14, 2025 · 7mo

23 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+63.8%

SPY

+76.3%

Annualised alpha

-2.9%

Max drawdown

−24.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

102 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

4.0%

+0.3 pts

Top 5

17.4%

+0.6 pts

Top 10

32.0%

+0.3 pts

HHI

212

Diversified+3

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Financial Services	20.0%	$1,844,147,469	23
Consumer Cyclical	18.6%	$1,717,772,693	14
Industrials	14.4%	$1,332,874,386	14
Healthcare	13.0%	$1,203,407,157	10
Communication Services	12.9%	$1,187,925,254	7
Technology	7.5%	$693,623,796	17
Consumer Defensive	4.4%	$403,991,801	4
Real Estate	3.5%	$319,684,474	2
Energy	2.5%	$228,658,519	4
Basic Materials	1.6%	$148,596,595	4
Utilities	1.4%	$127,635,609	2
Unclassified	0.4%	$32,609,619	1

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
AQN	Algonquin Power & Utilities Corp.	+3,232,775	16,345,606	$87,775,904
PBH	Prestige Consumer Healthcare Inc.	+1,392,632	3,594,959	$224,325,440
CLB	Core Laboratories Inc. /DE/	+797,105	13,773,568	$170,241,300
MIDD	MIDDLEBY Corp	+338,511	1,273,118	$169,235,575
DIS	Walt Disney Co	+327,799	499,969	$57,246,450
SLB	Slb Limited/Nv	+241,324	1,300,587	$44,701,175
FAF	First American Financial Corp	+221,115	3,725,184	$239,305,818
AXTA	Axalta Coating Systems Ltd.	+206,987	4,188,961	$119,888,062
MTB	M&T Bank Corp	+187,140	191,434	$37,831,186
CNP	Centerpoint Energy Inc	+143,217	1,027,312	$39,859,705
ZBH	Zimmer Biomet Holdings, Inc.	+141,525	394,715	$38,879,427
CRL	Charles River Laboratories International, Inc.	+74,750	1,490,098	$233,140,732
FISV	Fiserv Inc	+70,139	252,925	$32,609,619
BAC	Bank Of America Corp /De/	+61,756	539,659	$27,841,007
GCMG	GCM Grosvenor Inc.	+32,026	4,484,588	$54,128,977
JNJ	Johnson & Johnson	+20,691	51,854	$9,614,768
KMX	Carmax Inc	+18,628	571,605	$25,647,916
FSLR	First Solar, Inc.	+18,224	325,516	$71,786,043
COF	Capital One Financial Corp	+17,651	205,962	$43,783,401
SJM	J M SMUCKER Co	+14,585	1,543,523	$167,626,597
JHG	Janus Henderson Group PLC	+7,813	2,044,802	$91,014,137
CVX	Chevron Corp	+3,736	41,499	$6,444,379
IFS	Intercorp Financial Services Inc.	+3,444	32,178	$1,298,060
SWK	Stanley Black & Decker, Inc.	+2,843	427,416	$31,769,831
KSPI	Joint Stock Co Kaspi.kz	+1,254	12,263	$1,001,641
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
REZI	Resideo Technologies, Inc.	−2,258,345	6,697,864	$289,213,766
LIND	Lindblad Expeditions Holdings, Inc.	−1,367,393	5,524,660	$70,715,647
KMT	Kennametal Inc	−1,193,385	3,777,813	$79,069,624
ADT	ADT Inc.	−1,175,656	22,068,942	$192,220,484
SPHR	Sphere Entertainment Co.	−1,105,998	5,994,239	$372,362,124
KN	Knowles Corp	−535,404	4,108,160	$95,761,209
LAZ	Lazard, Inc.	−508,108	5,245,889	$276,878,020
CG	Carlyle Group Inc.	−472,158	4,233,386	$265,433,302
MAT	Mattel Inc /De/	−460,316	13,760,470	$231,588,709
INTC	Intel Corp	−445,254	965,745	$32,400,744
NVST	Envista Holdings Corp	−351,461	12,004,205	$244,525,654
GNRC	Generac Holdings Inc.	−337,364	1,467,231	$245,614,468
NCLH	Norwegian Cruise Line Holdings Ltd.	−285,085	12,084,292	$297,636,110
APTV	Aptiv PLC	−236,248	1,150,265	$99,175,848
BYD	Boyd Gaming Corp	−232,279	2,602,460	$224,982,666
CVS	CVS HEALTH Corp	−174,928	989,646	$74,609,411
MSGE	Madison Square Garden Entertainment Corp.	−158,438	7,737,570	$350,047,666
BCO	Brinks Co	−157,667	1,225,787	$143,245,467
GILD	Gilead Sciences, Inc.	−150,083	218,778	$24,284,358
BAP	Credicorp Ltd	−141,966	5,242	$1,395,839
GNTX	Gentex Corp	−141,192	7,218,080	$204,271,663
KFY	Korn Ferry	−96,323	475,253	$33,258,204
MANU	Manchester United plc	−95,352	8,929,082	$135,186,300
NTRS	Northern Trust Corp	−91,777	1,284,587	$172,905,408
AMG	Affiliated Managers Group, Inc.	−91,251	1,263,824	$301,333,556
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
PSKY	Paramount Skydance Corp	3,000,464	$56,768,777
HUM	Humana Inc	87,989	$22,892,098
FDX	Fedex Corp	75,869	$17,890,668
LESL	Leslie's, Inc.	2,943,963	$16,191,796
AJG	Arthur J. Gallagher & Co.	13,645	$4,226,402
HDB	Hdfc Bank Ltd	9,240	$315,638
INFY	Infosys Ltd	11,637	$189,333
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
OC	Owens Corning	140,449	$19,314,546
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

102 positions · $9,240,927,372 total · as of Sep 30, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 102 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPHR	Sphere Entertainment Co. Communication Services	Reduced	5,994,239	-8,206,235	$372,362,124	−37.3%	4.03%
MSGE	Madison Square Garden Entertainment Corp. Communication Services	Reduced	7,737,570	-158,438	$350,047,666	+10.9%	3.79%
AMG	Affiliated Managers Group, Inc. Financial Services	Reduced	1,263,824	-91,251	$301,333,556	+13.0%	3.26%
NCLH	Norwegian Cruise Line Holdings Ltd. Consumer Cyclical	Reduced	12,084,292	-285,085	$297,636,110	+18.7%	3.22%
REZI	Resideo Technologies, Inc. Industrials	Reduced	6,697,864	-2,258,345	$289,213,766	+46.4%	3.13%
JLL	Jones Lang Lasalle Inc Real Estate	Reduced	950,845	-53,245	$283,618,046	+10.4%	3.07%
OSW	ONESPAWORLD HOLDINGS Ltd Consumer Cyclical	Reduced	13,189,600	-23,556	$278,828,143	+3.5%	3.02%
LAZ	Lazard, Inc. Financial Services	Reduced	5,245,889	-508,108	$276,878,020	+0.3%	3.00%
CG	Carlyle Group Inc. Financial Services	Reduced	4,233,386	-472,158	$265,433,302	+9.7%	2.87%
GNRC	Generac Holdings Inc. Industrials	Reduced	1,467,231	-337,364	$245,614,468	−5.0%	2.66%
NVST	Envista Holdings Corp Healthcare	Reduced	12,004,205	-351,461	$244,525,654	+1.3%	2.65%
FAF	First American Financial Corp Financial Services	Added	3,725,184	+221,115	$239,305,818	+11.2%	2.59%
CRL	Charles River Laboratories International, Inc. Healthcare	Added	1,490,098	+74,750	$233,140,732	+8.6%	2.52%
MAT	Mattel Inc /De/ Consumer Cyclical	Reduced	13,760,470	-460,316	$231,588,709	−17.4%	2.51%
BIO	Bio-Rad Laboratories, Inc. Healthcare	Reduced	809,480	-9,144	$226,970,096	+14.9%	2.46%
BYD	Boyd Gaming Corp Consumer Cyclical	Reduced	2,602,460	-232,279	$224,982,666	+1.5%	2.43%
PBH	Prestige Consumer Healthcare Inc. Healthcare	Added	3,594,959	+1,392,632	$224,325,440	+27.6%	2.43%
MHK	Mohawk Industries Inc Consumer Cyclical	Reduced	1,697,103	-19,466	$218,790,518	+21.6%	2.37%
GNTX	Gentex Corp Consumer Cyclical	Reduced	7,218,080	-141,192	$204,271,663	+26.2%	2.21%
CVSA	Covista Inc. Consumer Defensive	Reduced	1,294,876	-80,811	$199,993,596	+14.3%	2.16%
ADT	ADT Inc. Industrials	Reduced	22,068,942	-1,175,656	$192,220,484	−2.4%	2.08%
BOKF	Bok Financial Corp Financial Services	Reduced	1,719,460	-70,312	$191,616,622	+9.7%	2.07%
NTRS	Northern Trust Corp Financial Services	Reduced	1,284,587	-91,777	$172,905,408	−0.9%	1.87%
CLB	Core Laboratories Inc. /DE/ Energy	Added	13,773,568	+797,105	$170,241,300	+13.9%	1.84%
MIDD	MIDDLEBY Corp Industrials	Added	1,273,118	+338,511	$169,235,575	+25.7%	1.83%
SJM	J M SMUCKER Co Consumer Defensive	Added	1,543,523	+14,585	$167,626,597	+11.6%	1.81%
MSGS	Madison Square Garden Sports Corp. Communication Services	Reduced	727,035	-30,802	$165,036,945	+4.2%	1.79%
BCO	Brinks Co Industrials	Reduced	1,225,787	-157,667	$143,245,467	+16.0%	1.55%
MANU	Manchester United plc Communication Services	Reduced	8,929,082	-95,352	$135,186,300	−15.9%	1.46%
AXTA	Axalta Coating Systems Ltd. Basic Materials	Added	4,188,961	+206,987	$119,888,062	+1.4%	1.30%
LH	Labcorp Holdings Inc. Healthcare	Reduced	362,869	-2,529	$104,165,173	+8.6%	1.13%
CHKP	Check Point Software Technologies Ltd Technology	Reduced	486,268	-7,279	$100,613,711	−7.9%	1.09%
MSFT	Microsoft Corp Technology	Reduced	194,134	-19,004	$100,551,705	−5.2%	1.09%
APTV	Aptiv PLC Consumer Cyclical	Reduced	1,150,265	-236,248	$99,175,848	+4.9%	1.07%
KN	Knowles Corp Technology	Reduced	4,108,160	-535,404	$95,761,209	+17.0%	1.04%
JHG	Janus Henderson Group PLC Financial Services	Added	2,044,802	+7,813	$91,014,137	+15.0%	0.98%
AQN	Algonquin Power & Utilities Corp. Utilities	Added	16,345,606	+3,232,775	$87,775,904	+16.8%	0.95%
NVT	nVent Electric plc Industrials	Reduced	860,078	-73,963	$84,838,092	+24.0%	0.92%
KMT	Kennametal Inc Industrials	Reduced	3,777,813	-1,193,385	$79,069,624	−30.7%	0.86%
ZBRA	Zebra Technologies Corp Technology	Reduced	255,619	-83,450	$75,959,740	−27.3%	0.82%
CVS	CVS HEALTH Corp Healthcare	Reduced	989,646	-174,928	$74,609,411	−7.1%	0.81%
FSLR	First Solar, Inc. Technology	Added	325,516	+18,224	$71,786,043	+41.1%	0.78%
LIND	Lindblad Expeditions Holdings, Inc. Consumer Cyclical	Reduced	5,524,660	-1,367,393	$70,715,647	−12.1%	0.77%
LFUS	Littelfuse Inc /De Technology	Reduced	225,373	-68,628	$58,373,860	−12.4%	0.63%
DIS	Walt Disney Co Communication Services	Added	499,969	+327,799	$57,246,450	+168.1%	0.62%
PSKY	Paramount Skydance Corp Communication Services	NEW	3,000,464	NEW	$56,768,777	NEW	0.61%
GCMG	GCM Grosvenor Inc. Financial Services	Added	4,484,588	+32,026	$54,128,977	+5.2%	0.59%
WEX	WEX Inc. Technology	Reduced	340,936	-60,150	$53,707,647	−8.8%	0.58%
VZ	Verizon Communications Inc Communication Services	Reduced	1,166,712	-4,449	$51,276,992	+1.2%	0.55%
KEYS	Keysight Technologies, Inc. Technology	Reduced	262,266	-495	$45,875,568	+6.5%	0.50%