Ariel Investments

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), John W. Rogers Jr.'s Ariel Investments reported 115 stock positions worth $9.2 billion. Its top holding was Jones Lang Lasalle (JLL) at 2.9% of the portfolio, followed by Generac (GNRC, 2.8%) and Mattel (MAT, 2.6%). Compared with Q1 2024, it opened 5 new positions, sold out of 5, added to 40 and reduced 70. The biggest buy was Manchester United Class A (MANU, shares +51%) and the biggest sale Stericycle (SRCL, shares −64%).

Most Recent 13F: Q2 2026
Notable People: John W. Rogers Jr.
Location: CHICAGO, IL
CIK: 0000936753
Portfolio Value: $9.2B (Q2 2024)
SEC Filing: 0000936753-24-000049 ↗ filed Aug 14, 2024

Holdings Value

Holdings 115 stocks · $9.2B


JLL Jones Lang Lasalle Inc.	2.95%	1,326,074	$272.2M	Reduce -7.7%
GNRC Generac Holdings Inc.	2.76%	1,928,250	$255.0M	Reduce -10.0%
MAT Mattel Inc.	2.61%	14,818,010	$240.9M	Reduce -4.9%
ADT Adt Inc.	2.50%	30,360,559	$230.7M	Add +2.6%
LAZ Lazard Inc.	2.50%	6,041,656	$230.7M	Reduce -4.4%
AMG Affiliated Managers Group	2.44%	1,442,817	$225.4M	Add +8.7%
MSGE Madison Square Garden Entert	2.43%	6,550,028	$224.2M	Reduce -6.3%
NTRS Northern Trust Corp.	2.40%	2,644,205	$222.1M	Add +3.6%
CHKP Check Point Software Tech	2.39%	1,336,278	$220.5M	Reduce -3.4%
CLB Core Laboratories Inc.	2.26%	10,292,296	$208.8M	Reduce -4.9%
MHK Mohawk Industries Inc.	2.23%	1,816,676	$206.4M	Reduce -2.9%
GNTX Gentex Corp.	2.23%	6,103,580	$205.8M	Reduce -4.7%
KMT Kennametal Inc.	2.21%	8,660,974	$203.9M	Reduce -5.8%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC	2.17%	2,941,733	$200.7M	Reduce -4.5%
CG The Carlyle Group Inc.	2.15%	4,937,725	$198.2M	Add +1.1%
PBH Prestige Consumer Healthcare	2.11%	2,835,203	$195.2M	Add +10.7%
FAF First American Financial	2.11%	3,609,697	$194.7M	Add +2.8%
SPHR Sphere Entertainment Co.	2.10%	5,538,121	$194.2M	Add +8.2%
RCL Royal Caribbean Cruises Ltd.	2.04%	1,184,249	$188.8M	Reduce -3.9%
REZI Resideo Technologies Inc.	2.03%	9,590,360	$187.6M	Reduce -20.3%
CRL Charles River Laboratories	2.03%	906,137	$187.2M	Reduce -2.9%
MSGS Madison Square Garden Sports	1.98%	970,156	$182.5M	Add +3.5%
BOKF Bok Financial Corporation	1.90%	1,915,225	$175.5M	Reduce -11.1%
BYD Boyd Gaming Corp.	1.81%	3,031,691	$167.0M	Add +12.5%
IPG Interpublic Group of Cos Inc.	1.80%	5,710,448	$166.1M	Add +3.5%
NVST Envista Holdings Corp.	1.78%	9,871,152	$164.2M	Add +11.0%
LESLIES INC	1.66%	36,601,368	$153.4M	Add +46.5%
OSW Onespaworld Holdings Ltd.	1.63%	9,814,630	$150.9M	Reduce -18.8%
AXTA Axalta Coating Systems Ltd.	1.63%	4,406,964	$150.6M	Reduce -1.5%
SJM The JM Smucker Co. filed as SMUCKER J M CO	1.60%	1,354,999	$147.7M	Add +56.0%
PARAA Paramount Global Class B	1.58%	14,042,265	$145.9M	Add +16.5%
BCO The Brink's Co.	1.41%	1,270,577	$130.1M	Reduce -25.8%
MANU Manchester United PLC Class A	1.40%	8,007,070	$129.2M	Add +50.9%
MSFT Microsoft Corp.	1.28%	265,438	$118.6M	Reduce -27.4%
NCLH Norwegian Cruise Line Holdin	1.16%	5,681,276	$106.8M	Reduce -2.9%
ZBRA Zebra Technologies Corp. Class A	1.10%	330,386	$102.1M	Reduce -13.1%
BIDU Baidu Inc. - Spon ADR	1.02%	1,093,252	$94.5M	Reduce -4.1%
LH Labcorp Holdings Inc.	0.98%	444,431	$90.4M	Reduce -18.4%
SRCL Stericycle Inc.	0.96%	1,526,043	$88.7M	Reduce -64.0%
KN Knowles Corp.	0.95%	5,092,049	$87.9M	Reduce -1.8%
LFUS Littelfuse Inc.	0.91%	328,921	$84.1M	Reduce -5.3%
LIND Lindblad Expeditions Holding	0.89%	8,565,068	$82.7M	Reduce -3.5%
GS Goldman Sachs Group Inc.	0.89%	181,857	$82.3M	Reduce -10.0%
NVT Nvent Electric PLC	0.82%	992,935	$76.1M	Reduce -29.1%
JHG Janus Henderson Group PLC	0.82%	2,256,434	$76.1M	Add +0.7%
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC	0.80%	1,053,630	$74.2M	Reduce -2.3%
MAS Masco Corp.	0.79%	1,093,202	$72.9M	Add +4.5%
VZ Verizon Communications Inc.	0.77%	1,724,311	$71.1M	Reduce -2.3%
BAP Credicorp Ltd.	0.72%	409,636	$66.1M	Reduce -25.7%
MIDD Middleby Corp.	0.68%	510,127	$62.5M	Add +58.0%
NTAP Netapp Inc.	0.67%	480,865	$61.9M	Reduce -27.4%
COF Capital One Financial Corp.	0.65%	436,335	$60.4M	Add +65.5%
KMX Carmax Inc.	0.56%	710,003	$52.1M	Add +8.7%
DVA Davita Inc.	0.54%	359,604	$49.8M	Reduce -41.6%
KFY Korn Ferry	0.54%	740,505	$49.7M	Reduce -9.3%
AFL Aflac Inc.	0.50%	516,974	$46.2M	Reduce -3.9%
MTN Vail Resorts Inc.	0.48%	247,095	$44.5M	Add +10.6%
GCMG GCM Grosvenor Inc. Class A	0.48%	4,546,096	$44.4M	Add +1.5%
SWK Stanley Black & Decker Inc.	0.47%	547,494	$43.7M	Reduce -4.5%
CBRE CBRE Group Inc. Class A	0.47%	484,995	$43.2M	Reduce -31.3%
SCHW Schwab (charles) Corp.	0.47%	583,935	$43.0M	Reduce -29.8%
KEYS Keysight Technologies Inc.	0.44%	297,978	$40.7M	Add +12.3%
NOV Nov Inc.	0.44%	2,117,843	$40.3M	Reduce -0.2%
CVS CVS Health Corp.	0.43%	669,084	$39.5M	Add +10.3%
DNB Dun & Bradstreet Holdings Inc.	0.42%	4,192,449	$38.8M	Reduce -3.5%
TFC Truist Financial Corp.	0.42%	995,605	$38.7M	Reduce -2.9%
MGPI MGP Ingredients Inc.	0.42%	515,796	$38.4M	Add +92.7%
ALL Allstate Corp.	0.41%	240,042	$38.3M	New
INTC Intel Corp.	0.41%	1,230,983	$38.1M	Reduce -6.0%
KKR KKR & Co. Inc.	0.37%	321,348	$33.8M	Reduce -32.2%
PM Philip Morris International	0.35%	318,937	$32.3M	Reduce -24.6%
ZBH Zimmer Biomet Holdings Inc.	0.35%	297,401	$32.3M	Add +3.0%
BWA Borgwarner Inc.	0.32%	926,171	$29.9M	Reduce -7.6%
CNH CNH Industrial NV	0.32%	2,933,416	$29.7M	Add +16.6%
BIO Bio-Rad Laboratories-A	0.31%	104,187	$28.5M	Add +60.1%
TDC Teradata Corp.	0.30%	808,353	$27.9M	Add +0.8%
SSD Simpson Manufacturing Co. Inc.	0.29%	157,420	$26.5M	Reduce -53.6%
TSM Taiwan Semiconductor-SP ADR	0.28%	150,961	$26.2M	Reduce -5.7%
BMY Bristol-Myers Squibb Co.	0.28%	619,211	$25.7M	Reduce -2.4%
GILD Gilead Sciences Inc.	0.27%	368,411	$25.3M	Reduce -50.4%
EVR Evercore Inc. Class A	0.27%	121,221	$25.3M	Reduce -4.0%
WBA Walgreens Boots Alliance Inc.	0.27%	2,038,878	$24.7M	Add +10.8%
TAP Molson Coors Beverage Co. Class B	0.26%	463,517	$23.6M	Add +12.6%
LEN Lennar Corp. Class A	0.25%	156,924	$23.5M	New
DHI D.R. Horton Inc.	0.25%	165,626	$23.3M	New
BRC Brady Corporation Class A	0.20%	279,010	$18.4M	Reduce -3.5%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC	0.19%	302,049	$17.1M	Reduce -5.3%
HCKT The Hackett Group Inc.	0.16%	660,355	$14.3M	Reduce -3.5%
VT Vanguard Tot World STK ETF	0.13%	106,282	$12.0M	Reduce -42.7%
SNA Snap-on Inc.	0.12%	40,976	$10.7M	Reduce -43.8%
VEA Vanguard Ftse Developed ETF	0.10%	182,114	$9.0M	Add +16.9%
ORCL Oracle Corp.	0.09%	60,420	$8.5M	Reduce -1.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.07%	171,684	$6.8M	Reduce -2.9%
USB US Bancorp	0.07%	156,220	$6.2M	Reduce -2.5%
APA Apa Corp.	0.07%	209,848	$6.2M	Add +9.6%
LMT Lockheed Martin Corp.	0.07%	13,196	$6.2M	Reduce -2.9%
PHIN Phinia Inc.	0.06%	144,434	$5.7M	Reduce -2.8%
CVX Chevron Corp.	0.06%	32,601	$5.1M	Reduce -0.2%
VXUS Vanguard Total Intl Stock	0.05%	79,637	$4.8M	New
B Barrick Gold Corp.	0.05%	252,257	$4.2M	Add +0.0%
WU Western Union Co.	0.04%	340,128	$4.2M	Reduce -8.0%
MOS The Mosaic Co.	0.04%	132,678	$3.8M	Reduce -2.9%
JNJ Johnson & Johnson	0.04%	23,563	$3.4M	Reduce -2.9%
VIV Telefonica Brasil-ADR	0.03%	311,580	$2.6M	Reduce -3.2%
ZIMV Zimvie Inc.	0.02%	80,465	$1.5M	Reduce -24.5%
IWN iShares Russell 2000 Value E	0.01%	6,299	$959K	Reduce -84.7%
FISV Fiserv Inc.	0.01%	4,642	$692K	Add +0.5%
FICO Fair Isaac Corp.	0.01%	338	$503K	Reduce -10.1%
MTB M & T Bank Corp. filed as M & T BK CORP	0.00%	2,653	$402K	Add +0.5%
MSI Motorola Solutions Inc.	0.00%	933	$360K	Add +0.5%
ST Sensata Technologies Holdplc	0.00%	8,313	$311K	Add +0.5%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC	0.00%	2,210	$285K	New
PDCO Patterson Cos Inc.	0.00%	9,025	$218K	Add +0.6%
PGR Progressive Corp.	0.00%	1,046	$217K	Reduce -24.9%
REYN Reynolds Consumer Products I	0.00%	7,175	$201K	Add +0.6%

Portfolio Sells Q1 2024 → Q2 2024


SRCL Stericycle Inc.	Reduce -64.0%	0.96%	−1.24
REZI Resideo Technologies Inc.	Reduce -20.3%	2.03%	−0.62
CRL Charles River Laboratories	Reduce -2.9%	2.03%	−0.46
MAT Mattel Inc.	Reduce -4.9%	2.61%	−0.43
SSD Simpson Manufacturing Co. Inc.	Reduce -53.6%	0.29%	−0.40
DVA Davita Inc.	Reduce -41.6%	0.54%	−0.30
MSGE Madison Square Garden Entert	Reduce -6.3%	2.43%	−0.27
GILD Gilead Sciences Inc.	Reduce -50.4%	0.27%	−0.26
MSFT Microsoft Corp.	Reduce -27.4%	1.28%	−0.23
NVT Nvent Electric PLC	Reduce -29.1%	0.82%	−0.22
CBRE CBRE Group Inc. Class A	Reduce -31.3%	0.47%	−0.21
BAP Credicorp Ltd.	Reduce -25.7%	0.72%	−0.20
LH Labcorp Holdings Inc.	Reduce -18.4%	0.98%	−0.19
MHK Mohawk Industries Inc.	Reduce -2.9%	2.23%	−0.17
BIDU Baidu Inc. - Spon ADR	Reduce -4.1%	1.02%	−0.16
INTC Intel Corp.	Reduce -6.0%	0.41%	−0.16
BCO The Brink's Co.	Reduce -25.8%	1.41%	−0.15
SCHW Schwab (charles) Corp.	Reduce -29.8%	0.47%	−0.13
LAZ Lazard Inc.	Reduce -4.4%	2.50%	−0.11
KKR KKR & Co. Inc.	Reduce -32.2%	0.37%	−0.10
SNA Snap-on Inc.	Reduce -43.8%	0.12%	−0.10
HMN Horace Mann Educators	Sold out	0.00%	−0.09
SWK Stanley Black & Decker Inc.	Reduce -4.5%	0.47%	−0.08
VT Vanguard Tot World STK ETF	Reduce -42.7%	0.13%	−0.07
BMY Bristol-Myers Squibb Co.	Reduce -2.4%	0.28%	−0.06
IWN iShares Russell 2000 Value E	Reduce -84.7%	0.01%	−0.05
BOKF Bok Financial Corporation	Reduce -11.1%	1.90%	−0.05
KMT Kennametal Inc.	Reduce -5.8%	2.21%	−0.05
GNTX Gentex Corp.	Reduce -4.7%	2.23%	−0.05
NCLH Norwegian Cruise Line Holdin	Reduce -2.9%	1.16%	−0.05
APTV Aptiv Irish Holdings Ltd.	Reduce -2.3%	0.80%	−0.04
VOD Vodafone Group PLC-SP ADR	Sold out	0.00%	−0.03
PM Philip Morris International	Reduce -24.6%	0.35%	−0.03
ZBRA Zebra Technologies Corp. Class A	Reduce -13.1%	1.10%	−0.02
BWA Borgwarner Inc.	Reduce -7.6%	0.32%	−0.02
NTAP Netapp Inc.	Reduce -27.4%	0.67%	−0.01
DNB Dun & Bradstreet Holdings Inc.	Reduce -3.5%	0.42%	−0.01
HCKT The Hackett Group Inc.	Reduce -3.5%	0.16%	−0.01
WU Western Union Co.	Reduce -8.0%	0.04%	−0.01
VIV Telefonica Brasil-ADR	Reduce -3.2%	0.03%	−0.00
TIMB Tim SA-ADR	Sold out	0.00%	−0.00
VWO Vanguard Ftse Emerging Marke	Sold out	0.00%	−0.00
USB US Bancorp	Reduce -2.5%	0.07%	−0.00
IWS iShares Russell Mid-Cap Valu	Sold out	0.00%	−0.00
MOS The Mosaic Co.	Reduce -2.9%	0.04%	−0.00
ZIMV Zimvie Inc.	Reduce -24.5%	0.02%	−0.00
JNJ Johnson & Johnson	Reduce -2.9%	0.04%	−0.00
PGR Progressive Corp.	Reduce -24.9%	0.00%	−0.00
FICO Fair Isaac Corp.	Reduce -10.1%	0.01%	+0.00
CVX Chevron Corp.	Reduce -0.2%	0.06%	+0.00

Portfolio Buys Q1 2024 → Q2 2024


MANU Manchester United PLC Class A	Add +50.9%	1.40%	+0.67
ADT Adt Inc.	Add +2.6%	2.50%	+0.54
SJM The JM Smucker Co.	Add +56.0%	1.60%	+0.52
ALL Allstate Corp.	New	0.41%	+0.41
PBH Prestige Consumer Healthcare	Add +10.7%	2.11%	+0.29
MSGS Madison Square Garden Sports	Add +3.5%	1.98%	+0.27
COF Capital One Financial Corp.	Add +65.5%	0.65%	+0.27
LEN Lennar Corp. Class A	New	0.25%	+0.25
AMG Affiliated Managers Group	Add +8.7%	2.44%	+0.25
DHI D.R. Horton Inc.	New	0.25%	+0.25
MGPI MGP Ingredients Inc.	Add +92.7%	0.42%	+0.19
PARAA Paramount Global Class B	Add +16.5%	1.58%	+0.18
NTRS Northern Trust Corp.	Add +3.6%	2.40%	+0.17
MIDD Middleby Corp.	Add +58.0%	0.68%	+0.17
JHG Janus Henderson Group PLC	Add +0.7%	0.82%	+0.10
BIO Bio-Rad Laboratories-A	Add +60.1%	0.31%	+0.09
LESLIES INC	Add +46.5%	1.66%	+0.06
GCMG GCM Grosvenor Inc. Class A	Add +1.5%	0.48%	+0.05
VXUS Vanguard Total Intl Stock	New	0.05%	+0.05
KEYS Keysight Technologies Inc.	Add +12.3%	0.44%	+0.03
IPG Interpublic Group of Cos Inc.	Add +3.5%	1.80%	+0.03
BYD Boyd Gaming Corp.	Add +12.5%	1.81%	+0.02
VEA Vanguard Ftse Developed ETF	Add +16.9%	0.10%	+0.02
B Barrick Gold Corp.	Add +0.0%	0.05%	+0.00
KMX Carmax Inc.	Add +8.7%	0.56%	+0.00
KSPI JSC Kaspi.kz ADR	New	0.00%	+0.00
APA Apa Corp.	Add +9.6%	0.07%	+0.00
CNH CNH Industrial NV	Add +16.6%	0.32%	+0.00
MSI Motorola Solutions Inc.	Add +0.5%	0.00%	+0.00
MTB M & T Bank Corp.	Add +0.5%	0.00%	+0.00
ST Sensata Technologies Holdplc	Add +0.5%	0.00%	+0.00
FISV Fiserv Inc.	Add +0.5%	0.01%	+0.00
REYN Reynolds Consumer Products I	Add +0.6%	0.00%	+0.00
PDCO Patterson Cos Inc.	Add +0.6%	0.00%	−0.00
FAF First American Financial	Add +2.8%	2.11%	−0.00
TDC Teradata Corp.	Add +0.8%	0.30%	−0.00
MTN Vail Resorts Inc.	Add +10.6%	0.48%	−0.01
TAP Molson Coors Beverage Co. Class B	Add +12.6%	0.26%	−0.02
MAS Masco Corp.	Add +4.5%	0.79%	−0.02
ZBH Zimmer Biomet Holdings Inc.	Add +3.0%	0.35%	−0.03
CVS CVS Health Corp.	Add +10.3%	0.43%	−0.05
NVST Envista Holdings Corp.	Add +11.0%	1.78%	−0.09
CG The Carlyle Group Inc.	Add +1.1%	2.15%	−0.11
WBA Walgreens Boots Alliance Inc.	Add +10.8%	0.27%	−0.13
SPHR Sphere Entertainment Co.	Add +8.2%	2.10%	−0.37

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	106	$10.0B	MSGE, OSW, CRL, AMG, JLL
Q1 2026	106	$8.9B	MSGE, OSW, JLL, AMG, SPHR
Q4 2025	108	$9.3B	MSGE, AMG, NCLH, SPHR, JLL
Q3 2025	107	$9.4B	SPHR, MSGE, AMG, NCLH, REZI
Q2 2025	104	$8.8B	MSGE, SPHR, MAT, LAZ, OSW
Q1 2025	106	$8.5B	MAT, JLL, MSGE, LAZ, FAF
Q4 2024	110	$9.4B	LAZ, MSGE, JLL, AMG, MAT
Q3 2024	110	$9.8B	JLL, LAZ, GNRC, MSGE, MAT
Q2 2024	115	$9.2B	JLL, GNRC, MAT, ADT, LAZ
Q1 2024	115	$10.2B	MAT, JLL, MSGE, GNRC, REZI