Ariel Investments

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

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), John W. Rogers Jr.'s Ariel Investments reported 110 stock positions worth $9.8 billion. Its top holding was Jones Lang Lasalle (JLL) at 3.2% of the portfolio, followed by Lazard (LAZ, 3.2%) and Generac (GNRC, 2.9%). Compared with Q2 2024, it opened 4 new positions, sold out of 9, added to 25 and reduced 79. The biggest buy was Bio-Rad Laboratories-A (BIO, shares +263%) and the biggest sale an exit from Stericycle (SRCL).

Most Recent 13F: Q2 2026
Notable People: John W. Rogers Jr.
Location: CHICAGO, IL
CIK: 0000936753
Portfolio Value: $9.8B (Q3 2024)
SEC Filing: 0000936753-24-000085 ↗ filed Nov 13, 2024

Holdings Value

Holdings 110 stocks · $9.8B


JLL Jones Lang Lasalle Inc.	3.22%	1,168,681	$315.3M	Reduce -11.9%
LAZ Lazard Inc.	3.16%	6,150,868	$309.9M	Add +1.8%
GNRC Generac Holdings Inc.	2.93%	1,804,549	$286.7M	Reduce -6.4%
MSGE Madison Square Garden Entert	2.88%	6,639,886	$282.4M	Add +1.4%
MAT Mattel Inc.	2.88%	14,808,162	$282.1M	Reduce -0.1%
MHK Mohawk Industries Inc.	2.80%	1,704,501	$273.9M	Reduce -6.2%
AMG Affiliated Managers Group	2.64%	1,452,161	$258.2M	Add +0.7%
FAF First American Financial	2.45%	3,633,378	$239.8M	Add +0.7%
SPHR Sphere Entertainment Co.	2.41%	5,350,142	$236.4M	Reduce -3.4%
CHKP Check Point Software Tech	2.36%	1,199,701	$231.3M	Reduce -10.2%
NTRS Northern Trust Corp.	2.32%	2,527,467	$227.5M	Reduce -4.4%
NVST Envista Holdings Corp.	2.29%	11,359,999	$224.5M	Add +15.1%
CG The Carlyle Group Inc.	2.24%	5,088,397	$219.1M	Add +3.0%
KMT Kennametal Inc.	2.20%	8,313,682	$215.6M	Reduce -4.0%
ADT Adt Inc.	2.15%	29,116,248	$210.5M	Reduce -4.1%
BYD Boyd Gaming Corp.	2.10%	3,185,137	$205.9M	Add +5.1%
PBH Prestige Consumer Healthcare	2.05%	2,782,840	$200.6M	Reduce -1.9%
SJM The JM Smucker Co. filed as SMUCKER J M CO	2.02%	1,631,285	$197.5M	Add +20.4%
BOKF Bok Financial Corporation	1.99%	1,859,790	$194.6M	Reduce -2.9%
MSGS Madison Square Garden Sports	1.95%	918,054	$191.2M	Reduce -5.4%
GNTX Gentex Corp.	1.95%	6,422,736	$190.7M	Add +5.2%
REZI Resideo Technologies Inc.	1.92%	9,341,132	$188.1M	Reduce -2.6%
CLB Core Laboratories Inc.	1.90%	10,045,256	$186.1M	Reduce -2.4%
RCL Royal Caribbean Cruises Ltd.	1.89%	1,041,839	$184.8M	Reduce -12.0%
IPG Interpublic Group of Cos Inc.	1.84%	5,704,553	$180.4M	Reduce -0.1%
CRL Charles River Laboratories	1.81%	897,687	$176.8M	Reduce -0.9%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC	1.74%	2,252,359	$170.0M	Reduce -23.4%
AXTA Axalta Coating Systems Ltd.	1.60%	4,334,088	$156.9M	Reduce -1.6%
MIDD Middleby Corp.	1.60%	1,126,148	$156.7M	Add +120.8%
OSW Onespaworld Holdings Ltd.	1.60%	9,466,369	$156.3M	Reduce -3.5%
PARAA Paramount Global Class B	1.54%	14,203,368	$150.8M	Add +1.1%
LESLIES INC	1.50%	46,552,521	$147.1M	Add +27.2%
MANU Manchester United PLC Class A	1.37%	8,304,525	$134.4M	Add +3.7%
BCO The Brink's Co.	1.35%	1,141,209	$132.0M	Reduce -10.2%
BIO Bio-Rad Laboratories-A	1.29%	378,695	$126.7M	Add +263.5%
ZBRA Zebra Technologies Corp. Class A	1.12%	295,961	$109.6M	Reduce -10.4%
NCLH Norwegian Cruise Line Holdin	1.11%	5,319,408	$109.1M	Reduce -6.4%
MSFT Microsoft Corp.	0.96%	217,988	$93.8M	Reduce -17.9%
LH Labcorp Holdings Inc.	0.94%	410,720	$91.8M	Reduce -7.6%
MAS Masco Corp.	0.88%	1,031,723	$86.6M	Reduce -5.6%
LFUS Littelfuse Inc.	0.86%	317,271	$84.2M	Reduce -3.5%
KN Knowles Corp.	0.85%	4,633,707	$83.5M	Reduce -9.0%
JHG Janus Henderson Group PLC	0.85%	2,183,054	$83.1M	Reduce -3.3%
GS Goldman Sachs Group Inc.	0.77%	152,491	$75.5M	Reduce -16.1%
LIND Lindblad Expeditions Holding	0.76%	8,053,790	$74.5M	Reduce -6.0%
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC	0.71%	959,944	$69.1M	Reduce -8.9%
NVT Nvent Electric PLC	0.67%	938,936	$66.0M	Reduce -5.4%
VZ Verizon Communications Inc.	0.65%	1,408,480	$63.3M	Reduce -18.3%
SWK Stanley Black & Decker Inc.	0.59%	527,143	$58.1M	Reduce -3.7%
BAP Credicorp Ltd.	0.56%	305,124	$55.2M	Reduce -25.5%
KMX Carmax Inc.	0.56%	709,722	$54.9M	Reduce -0.0%
CBRE CBRE Group Inc. Class A	0.53%	415,508	$51.7M	Reduce -14.3%
GCMG GCM Grosvenor Inc. Class A	0.52%	4,540,686	$51.4M	Reduce -0.1%
NTAP Netapp Inc.	0.51%	407,907	$50.4M	Reduce -15.2%
ALL Allstate Corp.	0.50%	260,665	$49.4M	Add +8.6%
KEYS Keysight Technologies Inc.	0.48%	297,922	$47.3M	Reduce -0.0%
COF Capital One Financial Corp.	0.48%	313,102	$46.9M	Reduce -28.2%
KFY Korn Ferry	0.47%	617,727	$46.5M	Reduce -16.6%
DNB Dun & Bradstreet Holdings Inc.	0.46%	3,946,422	$45.4M	Reduce -5.9%
SCHW Schwab (charles) Corp.	0.44%	669,991	$43.4M	Add +14.7%
MTN Vail Resorts Inc.	0.43%	244,318	$42.6M	Reduce -1.1%
MGPI MGP Ingredients Inc.	0.43%	509,442	$42.4M	Reduce -1.2%
AFL Aflac Inc.	0.41%	361,402	$40.4M	Reduce -30.1%
DVA Davita Inc.	0.41%	244,828	$40.1M	Reduce -31.9%
BIDU Baidu Inc. - Spon ADR	0.40%	375,111	$39.5M	Reduce -65.7%
NOV Nov Inc.	0.40%	2,454,416	$39.2M	Add +15.9%
CVS CVS Health Corp.	0.40%	616,807	$38.8M	Reduce -7.8%
BWA Borgwarner Inc.	0.39%	1,064,195	$38.6M	Add +14.9%
KKR KKR & Co. Inc.	0.37%	277,788	$36.3M	Reduce -13.6%
ZBH Zimmer Biomet Holdings Inc.	0.33%	297,254	$32.1M	Reduce -0.1%
WAL Western Alliance Bancorp	0.32%	363,305	$31.4M	New
WEX Wex Inc.	0.32%	149,440	$31.3M	New
TAP Molson Coors Beverage Co. Class B	0.31%	526,727	$30.3M	Add +13.6%
DHI D.R. Horton Inc.	0.27%	140,628	$26.8M	Reduce -15.1%
CNH CNH Industrial NV	0.27%	2,350,751	$26.1M	Reduce -19.9%
TSM Taiwan Semiconductor-SP ADR	0.25%	141,832	$24.6M	Reduce -6.0%
LEN Lennar Corp. Class A	0.25%	129,056	$24.2M	Reduce -17.8%
INTC Intel Corp.	0.25%	1,028,810	$24.1M	Reduce -16.4%
PM Philip Morris International	0.22%	179,593	$21.8M	Reduce -43.7%
SSD Simpson Manufacturing Co. Inc.	0.22%	110,291	$21.1M	Reduce -29.9%
TDC Teradata Corp.	0.20%	661,535	$20.1M	Reduce -18.2%
GILD Gilead Sciences Inc.	0.20%	237,048	$19.9M	Reduce -35.7%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC	0.19%	300,466	$18.6M	Reduce -0.5%
CMA Comerica Inc.	0.19%	304,481	$18.2M	New
BMY Bristol-Myers Squibb Co.	0.18%	342,514	$17.7M	Reduce -44.7%
JD Jd.com Inc.-ADR	0.18%	441,693	$17.7M	New
HCKT The Hackett Group Inc.	0.17%	620,088	$16.3M	Reduce -6.1%
SNA Snap-on Inc.	0.12%	41,393	$12.0M	Add +1.0%
ORCL Oracle Corp.	0.10%	55,244	$9.4M	Reduce -8.6%
WBA Walgreens Boots Alliance Inc.	0.08%	882,701	$7.9M	Reduce -56.7%
LMT Lockheed Martin Corp.	0.08%	12,941	$7.6M	Reduce -1.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.07%	169,359	$6.7M	Reduce -1.4%
PHIN Phinia Inc.	0.07%	142,897	$6.6M	Reduce -1.1%
APA Apa Corp.	0.06%	240,632	$5.9M	Add +14.7%
CVX Chevron Corp.	0.06%	38,827	$5.7M	Add +19.1%
B Barrick Gold Corp.	0.05%	252,257	$5.0M	No change
JNJ Johnson & Johnson	0.04%	25,070	$4.1M	Add +6.4%
MOS The Mosaic Co.	0.04%	141,040	$3.8M	Add +6.3%
IWN iShares Russell 2000 Value E	0.03%	15,273	$2.5M	Add +142.5%
ZIMV Zimvie Inc.	0.01%	61,127	$970K	Reduce -24.0%

Show all 110 holdings

Portfolio Sells Q2 2024 → Q3 2024


SRCL Stericycle Inc.	Sold out	0.00%	−0.96
BIDU Baidu Inc. - Spon ADR	Reduce -65.7%	0.40%	−0.62
CVSA Covista Inc.	Reduce -23.4%	1.74%	−0.44
TFC Truist Financial Corp.	Sold out	0.00%	−0.42
CLB Core Laboratories Inc.	Reduce -2.4%	1.90%	−0.36
ADT Adt Inc.	Reduce -4.1%	2.15%	−0.35
MSFT Microsoft Corp.	Reduce -17.9%	0.96%	−0.33
EVR Evercore Inc. Class A	Sold out	0.00%	−0.27
CRL Charles River Laboratories	Reduce -0.9%	1.81%	−0.22
BRC Brady Corporation Class A	Reduce -98.7%	0.00%	−0.20
WBA Walgreens Boots Alliance Inc.	Reduce -56.7%	0.08%	−0.19
COF Capital One Financial Corp.	Reduce -28.2%	0.48%	−0.18
INTC Intel Corp.	Reduce -16.4%	0.25%	−0.17
RCL Royal Caribbean Cruises Ltd.	Reduce -12.0%	1.89%	−0.16
NTAP Netapp Inc.	Reduce -15.2%	0.51%	−0.16
BAP Credicorp Ltd.	Reduce -25.5%	0.56%	−0.15
NVT Nvent Electric PLC	Reduce -5.4%	0.67%	−0.15
LIND Lindblad Expeditions Holding	Reduce -6.0%	0.76%	−0.13
DVA Davita Inc.	Reduce -31.9%	0.41%	−0.13
VT Vanguard Tot World STK ETF	Sold out	0.00%	−0.13
PM Philip Morris International	Reduce -43.7%	0.22%	−0.13
VZ Verizon Communications Inc.	Reduce -18.3%	0.65%	−0.12
GS Goldman Sachs Group Inc.	Reduce -16.1%	0.77%	−0.12
REZI Resideo Technologies Inc.	Reduce -2.6%	1.92%	−0.11
KN Knowles Corp.	Reduce -9.0%	0.85%	−0.10
TDC Teradata Corp.	Reduce -18.2%	0.20%	−0.10
BMY Bristol-Myers Squibb Co.	Reduce -44.7%	0.18%	−0.10
VEA Vanguard Ftse Developed ETF	Sold out	0.00%	−0.10
APTV Aptiv Irish Holdings Ltd.	Reduce -8.9%	0.71%	−0.10
AFL Aflac Inc.	Reduce -30.1%	0.41%	−0.09
NTRS Northern Trust Corp.	Reduce -4.4%	2.32%	−0.08
SSD Simpson Manufacturing Co. Inc.	Reduce -29.9%	0.22%	−0.07
GILD Gilead Sciences Inc.	Reduce -35.7%	0.20%	−0.07
USB US Bancorp	Sold out	0.00%	−0.07
PBH Prestige Consumer Healthcare	Reduce -1.9%	2.05%	−0.06
KFY Korn Ferry	Reduce -16.6%	0.47%	−0.06
BCO The Brink's Co.	Reduce -10.2%	1.35%	−0.06
CNH CNH Industrial NV	Reduce -19.9%	0.27%	−0.06
VXUS Vanguard Total Intl Stock	Sold out	0.00%	−0.05
LFUS Littelfuse Inc.	Reduce -3.5%	0.86%	−0.05
MTN Vail Resorts Inc.	Reduce -1.1%	0.43%	−0.05
WU Western Union Co.	Sold out	0.00%	−0.04
LH Labcorp Holdings Inc.	Reduce -7.6%	0.94%	−0.04
NCLH Norwegian Cruise Line Holdin	Reduce -6.4%	1.11%	−0.04
OSW Onespaworld Holdings Ltd.	Reduce -3.5%	1.60%	−0.04
TSM Taiwan Semiconductor-SP ADR	Reduce -6.0%	0.25%	−0.03
CVS CVS Health Corp.	Reduce -7.8%	0.40%	−0.03
AXTA Axalta Coating Systems Ltd.	Reduce -1.6%	1.60%	−0.03
CHKP Check Point Software Tech	Reduce -10.2%	2.36%	−0.02
MSGS Madison Square Garden Sports	Reduce -5.4%	1.95%	−0.02

Portfolio Buys Q2 2024 → Q3 2024


BIO Bio-Rad Laboratories-A	Add +263.5%	1.29%	+0.99
MIDD Middleby Corp.	Add +120.8%	1.60%	+0.92
LAZ Lazard Inc.	Add +1.8%	3.16%	+0.67
NVST Envista Holdings Corp.	Add +15.1%	2.29%	+0.52
MSGE Madison Square Garden Entert	Add +1.4%	2.88%	+0.46
SJM The JM Smucker Co.	Add +20.4%	2.02%	+0.42
FAF First American Financial	Add +0.7%	2.45%	+0.34
WAL Western Alliance Bancorp	New	0.32%	+0.32
WEX Wex Inc.	New	0.32%	+0.32
BYD Boyd Gaming Corp.	Add +5.1%	2.10%	+0.29
AMG Affiliated Managers Group	Add +0.7%	2.64%	+0.20
CMA Comerica Inc.	New	0.19%	+0.19
JD Jd.com Inc.-ADR	New	0.18%	+0.18
CG The Carlyle Group Inc.	Add +3.0%	2.24%	+0.09
ALL Allstate Corp.	Add +8.6%	0.50%	+0.09
BWA Borgwarner Inc.	Add +14.9%	0.39%	+0.07
TAP Molson Coors Beverage Co. Class B	Add +13.6%	0.31%	+0.05
IWN iShares Russell 2000 Value E	Add +142.5%	0.03%	+0.02
SNA Snap-on Inc.	Add +1.0%	0.12%	+0.01
JNJ Johnson & Johnson	Add +6.4%	0.04%	+0.00
CVX Chevron Corp.	Add +19.1%	0.06%	+0.00
MOS The Mosaic Co.	Add +6.3%	0.04%	−0.00
APA Apa Corp.	Add +14.7%	0.06%	−0.01
SCHW Schwab (charles) Corp.	Add +14.7%	0.44%	−0.02
MANU Manchester United PLC Class A	Add +3.7%	1.37%	−0.03
NOV Nov Inc.	Add +15.9%	0.40%	−0.04
PARAA Paramount Global Class B	Add +1.1%	1.54%	−0.04
LESLIES INC	Add +27.2%	1.50%	−0.16
GNTX Gentex Corp.	Add +5.2%	1.95%	−0.28

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