Ariel Investments
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), John W. Rogers Jr.'s Ariel Investments reported 106 stock positions worth $8.5 billion. Its top holding was Mattel (MAT) at 3.2% of the portfolio, followed by Jones Lang Lasalle (JLL, 3.0%) and Madison Square Garden Entert (MSGE, 3.0%). Compared with Q4 2024, it opened 5 new positions, sold out of 9, added to 48 and reduced 49. The biggest buy was Norwegian Cruise Line Holdin (NCLH, shares +127%) and the biggest sale an exit from Royal Caribbean Cruises (RCL).
- Most Recent 13F
- Q2 2026
- Notable People
- John W. Rogers Jr.
- Location
- CHICAGO, IL
- CIK
- 0000936753
- Portfolio Value
- $8.5B (Q1 2025)
- SEC Filing
- 0000936753-25-000029 ↗ filed May 15, 2025
Holdings Value
Holdings 106 stocks · $8.5B
| MAT Mattel Inc. | 3.16% | 13,858,115 | $269.3M | Reduce -6.5% |
| JLL Jones Lang Lasalle Inc. | 3.02% | 1,036,380 | $256.9M | Reduce -2.2% |
| MSGE Madison Square Garden Entert | 2.99% | 7,775,373 | $254.6M | Add +2.3% |
| LAZ Lazard Inc. | 2.86% | 5,619,280 | $243.3M | Add +0.4% |
| FAF First American Financial | 2.85% | 3,690,878 | $242.2M | Reduce -7.6% |
| AMG Affiliated Managers Group | 2.78% | 1,407,151 | $236.4M | Reduce -1.2% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 2.62% | 1,881,584 | $222.8M | Add +2.7% |
| ADT Adt Inc. | 2.59% | 27,057,295 | $220.2M | Reduce -5.3% |
| PBH Prestige Consumer Healthcare | 2.54% | 2,518,941 | $216.6M | Reduce -8.8% |
| CG The Carlyle Group Inc. | 2.48% | 4,839,213 | $210.9M | Reduce -1.5% |
| NVST Envista Holdings Corp. | 2.46% | 12,144,745 | $209.6M | Add +0.7% |
| SPHR Sphere Entertainment Co. | 2.42% | 6,298,139 | $206.1M | Add +9.6% |
| GNRC Generac Holdings Inc. | 2.40% | 1,615,878 | $204.7M | Add +10.1% |
| BYD Boyd Gaming Corp. | 2.40% | 3,097,811 | $203.9M | Reduce -2.8% |
| MHK Mohawk Industries Inc. | 2.34% | 1,743,574 | $199.1M | Add +3.4% |
| NTRS Northern Trust Corp. | 2.27% | 1,957,259 | $193.1M | Reduce -12.2% |
| BOKF Bok Financial Corporation | 2.21% | 1,808,295 | $188.3M | Add +0.3% |
| CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC | 2.20% | 1,856,878 | $186.9M | Reduce -11.3% |
| OSW Onespaworld Holdings Ltd. | 2.11% | 10,713,305 | $179.9M | Add +37.7% |
| BIO Bio-Rad Laboratories-A | 2.07% | 724,660 | $176.5M | Add +29.3% |
| NCLH Norwegian Cruise Line Holdin | 2.02% | 9,081,170 | $172.2M | Add +126.8% |
| REZI Resideo Technologies Inc. | 2.01% | 9,664,671 | $171.1M | Add +5.1% |
| PARAA Paramount Global Class B | 2.00% | 14,215,254 | $170.0M | Reduce -3.1% |
| CRL Charles River Laboratories | 1.95% | 1,100,776 | $165.7M | Add +3.1% |
| GNTX Gentex Corp. | 1.94% | 7,082,055 | $165.0M | Add +10.8% |
| KMT Kennametal Inc. | 1.94% | 7,735,244 | $164.8M | Reduce -0.1% |
| MSGS Madison Square Garden Sports | 1.92% | 838,943 | $163.4M | Reduce -5.9% |
| CLB Core Laboratories Inc. | 1.82% | 10,342,025 | $155.0M | Add +7.4% |
| CHKP Check Point Software Tech | 1.81% | 677,221 | $154.4M | Reduce -40.4% |
| MIDD Middleby Corp. | 1.77% | 990,523 | $150.5M | Reduce -17.3% |
| IPG Interpublic Group of Cos Inc. | 1.68% | 5,277,157 | $143.3M | Add +0.2% |
| AXTA Axalta Coating Systems Ltd. | 1.61% | 4,125,561 | $136.8M | Reduce -2.1% |
| BCO The Brink's Co. | 1.41% | 1,394,284 | $120.1M | Add +8.8% |
| MANU Manchester United PLC Class A | 1.32% | 8,575,329 | $112.3M | Add +2.5% |
| LH Labcorp Holdings Inc. | 1.01% | 368,263 | $85.7M | Reduce -5.4% |
| JHG Janus Henderson Group PLC | 0.91% | 2,148,665 | $77.7M | Reduce -1.2% |
| LIND Lindblad Expeditions Holding | 0.85% | 7,777,768 | $72.1M | Add +6.0% |
| KN Knowles Corp. | 0.83% | 4,657,747 | $70.8M | Add +3.9% |
| CVS CVS Health Corp. | 0.81% | 1,020,033 | $69.1M | Add +9.8% |
| MAS Masco Corp. | 0.77% | 941,986 | $65.5M | Reduce -8.4% |
| WEX Wex Inc. | 0.76% | 412,247 | $64.7M | Add +29.5% |
| VZ Verizon Communications Inc. | 0.76% | 1,425,207 | $64.6M | Add +5.4% |
| ZBRA Zebra Technologies Corp. Class A | 0.75% | 226,052 | $63.9M | Reduce -3.5% |
| LFUS Littelfuse Inc. | 0.71% | 305,392 | $60.1M | Add +2.5% |
| CNP Centerpoint Energy Inc. | 0.70% | 1,654,590 | $59.9M | Add +13.4% |
| GCMG GCM Grosvenor Inc. Class A | 0.69% | 4,429,255 | $58.6M | Reduce -1.4% |
| COF Capital One Financial Corp. | 0.61% | 291,117 | $52.2M | Add +5.5% |
| GILD Gilead Sciences Inc. | 0.57% | 430,424 | $48.2M | Add +7.7% |
| MSFT Microsoft Corp. | 0.55% | 123,894 | $46.5M | Reduce -3.1% |
| APTV Aptiv PLC | 0.54% | 769,398 | $45.8M | Reduce -12.5% |
| SCHW Schwab (charles) Corp. | 0.51% | 558,167 | $43.7M | Reduce -3.9% |
| KMX Carmax Inc. | 0.51% | 559,149 | $43.6M | Reduce -9.9% |
| LESLIES INC | 0.50% | 58,177,415 | $42.8M | Add +15.1% |
| KEYS Keysight Technologies Inc. | 0.50% | 281,354 | $42.1M | Reduce -2.0% |
| NVT Nvent Electric PLC | 0.49% | 796,665 | $41.8M | Add +1.7% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.49% | 994,358 | $41.6M | Add +5096.5% |
| KFY Korn Ferry | 0.47% | 589,145 | $40.0M | Add +4.0% |
| WAL Western Alliance Bancorp | 0.45% | 503,607 | $38.7M | Reduce -3.2% |
| CBRE CBRE Group Inc. Class A | 0.44% | 288,349 | $37.7M | Reduce -20.1% |
| ALL Allstate Corp. | 0.43% | 177,344 | $36.7M | Reduce -3.1% |
| AQN Algonquin Power & Utilities | 0.42% | 6,952,341 | $35.7M | New |
| DNB Dun & Bradstreet Holdings Inc. | 0.42% | 3,996,918 | $35.7M | Add +4.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 839,929 | $35.1M | Add +409.6% |
| ZBH Zimmer Biomet Holdings Inc. | 0.40% | 299,923 | $33.9M | Add +0.6% |
| BAP Credicorp Ltd. | 0.40% | 180,611 | $33.6M | Reduce -26.0% |
| SWK Stanley Black & Decker Inc. | 0.39% | 428,624 | $33.0M | Reduce -2.4% |
| KKR KKR & Co. Inc. | 0.37% | 275,025 | $31.8M | Add +17.0% |
| TAP Molson Coors Beverage Co. Class B | 0.36% | 497,724 | $30.3M | Reduce -0.1% |
| CNH CNH Industrial NV | 0.32% | 2,187,205 | $26.9M | Reduce -3.1% |
| NTAP Netapp Inc. | 0.29% | 284,408 | $25.0M | Reduce -27.4% |
| AFL Aflac Inc. | 0.29% | 219,423 | $24.4M | Reduce -28.0% |
| INTC Intel Corp. | 0.26% | 957,678 | $21.7M | Reduce -3.0% |
| MTN Vail Resorts Inc. | 0.23% | 124,049 | $19.9M | Reduce -53.3% |
| BWA Borgwarner Inc. | 0.23% | 686,002 | $19.7M | Reduce -31.5% |
| MGPI MGP Ingredients Inc. | 0.22% | 626,058 | $18.4M | Add +4.5% |
| HCKT The Hackett Group Inc. | 0.22% | 628,672 | $18.4M | Add +4.1% |
| ABBV Abbvie Inc. | 0.21% | 84,394 | $17.7M | Reduce -44.4% |
| SSD Simpson Manufacturing Co. Inc. | 0.21% | 111,496 | $17.5M | Add +3.4% |
| DHI D.R. Horton Inc. | 0.21% | 137,621 | $17.5M | Add +1.9% |
| PM Philip Morris International | 0.20% | 108,328 | $17.2M | Reduce -37.4% |
| OC Owens Corning | 0.19% | 112,578 | $16.1M | New |
| SNA Snap-on Inc. | 0.14% | 34,986 | $11.8M | Reduce -13.2% |
| VT Vanguard Tot World STK ETF | 0.10% | 74,824 | $8.7M | New |
| VEA Vanguard Ftse Developed ETF | 0.08% | 132,913 | $6.8M | Reduce -46.6% |
| CVX Chevron Corp. | 0.07% | 37,763 | $6.3M | Reduce -2.7% |
| IWN iShares Russell 2000 Value E | 0.07% | 40,617 | $6.1M | Reduce -12.5% |
| PHIN Phinia Inc. | 0.07% | 140,240 | $6.0M | Add +0.0% |
| LMT Lockheed Martin Corp. | 0.07% | 12,710 | $5.7M | No change |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.07% | 104,374 | $5.6M | Reduce -60.1% |
| ORCL Oracle Corp. | 0.06% | 38,008 | $5.3M | Reduce -9.0% |
| APA Apa Corp. | 0.06% | 246,222 | $5.2M | No change |
| JNJ Johnson & Johnson | 0.06% | 31,163 | $5.2M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.06% | 30,108 | $5.0M | Reduce -62.2% |
| GS Goldman Sachs Group Inc. | 0.06% | 9,005 | $4.9M | Reduce -92.3% |
| B Barrick Gold Corp. | 0.05% | 217,272 | $4.2M | Reduce -13.9% |
| VXUS Vanguard Total Intl Stock | 0.05% | 63,386 | $3.9M | New |
| MOS The Mosaic Co. | 0.04% | 141,040 | $3.8M | No change |
| ZIMV Zimvie Inc. | 0.02% | 167,716 | $1.8M | Add +174.4% |
| FISV Fiserv Inc. | 0.01% | 4,706 | $1.0M | Add +0.5% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.01% | 7,130 | $662K | Add +105.3% |
Portfolio Sells Q4 2024 → Q1 2025
| RCL Royal Caribbean Cruises Ltd. | Sold out | 0.00% | −1.13 |
| GS Goldman Sachs Group Inc. | Reduce -92.3% | 0.06% | −0.66 |
| CHKP Check Point Software Tech | Reduce -40.4% | 1.81% | −0.45 |
| DVA Davita Inc. | Sold out | 0.00% | −0.38 |
| NOV Nov Inc. | Sold out | 0.00% | −0.36 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.32 |
| MTN Vail Resorts Inc. | Reduce -53.3% | 0.23% | −0.30 |
| MSGS Madison Square Garden Sports | Reduce -5.9% | 1.92% | −0.23 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -3.5% | 0.75% | −0.22 |
| TDC Teradata Corp. | Sold out | 0.00% | −0.21 |
| NTAP Netapp Inc. | Reduce -27.4% | 0.29% | −0.19 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.18 |
| NTRS Northern Trust Corp. | Reduce -12.2% | 2.27% | −0.17 |
| CG The Carlyle Group Inc. | Reduce -1.5% | 2.48% | −0.17 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -62.2% | 0.06% | −0.11 |
| BWA Borgwarner Inc. | Reduce -31.5% | 0.23% | −0.11 |
| KB KB Financial Group Inc.-ADR | Reduce -60.1% | 0.07% | −0.09 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.09 |
| BAP Credicorp Ltd. | Reduce -26.0% | 0.40% | −0.08 |
| ABBV Abbvie Inc. | Reduce -44.4% | 0.21% | −0.08 |
| JHG Janus Henderson Group PLC | Reduce -1.2% | 0.91% | −0.07 |
| BYD Boyd Gaming Corp. | Reduce -2.8% | 2.40% | −0.07 |
| CBRE CBRE Group Inc. Class A | Reduce -20.1% | 0.44% | −0.06 |
| AFL Aflac Inc. | Reduce -28.0% | 0.29% | −0.05 |
| KMT Kennametal Inc. | Reduce -0.1% | 1.94% | −0.05 |
| VEA Vanguard Ftse Developed ETF | Reduce -46.6% | 0.08% | −0.05 |
| AMG Affiliated Managers Group | Reduce -1.2% | 2.78% | −0.03 |
| KMX Carmax Inc. | Reduce -9.9% | 0.51% | −0.03 |
| APTV Aptiv PLC | Reduce -12.5% | 0.54% | −0.03 |
| MSFT Microsoft Corp. | Reduce -3.1% | 0.55% | −0.03 |
| MAS Masco Corp. | Reduce -8.4% | 0.77% | −0.03 |
| PM Philip Morris International | Reduce -37.4% | 0.20% | −0.02 |
| ORCL Oracle Corp. | Reduce -9.0% | 0.06% | −0.01 |
| IWN iShares Russell 2000 Value E | Reduce -12.5% | 0.07% | −0.01 |
| WAL Western Alliance Bancorp | Reduce -3.2% | 0.45% | −0.01 |
| SNA Snap-on Inc. | Reduce -13.2% | 0.14% | −0.01 |
| ST Sensata Technologies Holdplc | Sold out | 0.00% | −0.00 |
| REYN Reynolds Consumer Products I | Sold out | 0.00% | −0.00 |
| KEYS Keysight Technologies Inc. | Reduce -2.0% | 0.50% | +0.00 |
| B Barrick Gold Corp. | Reduce -13.9% | 0.05% | +0.01 |
| SWK Stanley Black & Decker Inc. | Reduce -2.4% | 0.39% | +0.01 |
| CVX Chevron Corp. | Reduce -2.7% | 0.07% | +0.01 |
| MIDD Middleby Corp. | Reduce -17.3% | 1.77% | +0.04 |
| CNH CNH Industrial NV | Reduce -3.1% | 0.32% | +0.04 |
| INTC Intel Corp. | Reduce -3.0% | 0.26% | +0.04 |
| TAP Molson Coors Beverage Co. Class B | Reduce -0.1% | 0.36% | +0.05 |
| ALL Allstate Corp. | Reduce -3.1% | 0.43% | +0.05 |
| SCHW Schwab (charles) Corp. | Reduce -3.9% | 0.51% | +0.05 |
| LH Labcorp Holdings Inc. | Reduce -5.4% | 1.01% | +0.06 |
| AXTA Axalta Coating Systems Ltd. | Reduce -2.1% | 1.61% | +0.07 |
Portfolio Buys Q4 2024 → Q1 2025
| NCLH Norwegian Cruise Line Holdin | Add +126.8% | 2.02% | +0.92 |
| SLB SLB Ltd. | Add +5096.5% | 0.49% | +0.48 |
| SJM The JM Smucker Co. | Add +2.7% | 2.62% | +0.46 |
| OSW Onespaworld Holdings Ltd. | Add +37.7% | 2.11% | +0.46 |
| AQN Algonquin Power & Utilities | New | 0.42% | +0.42 |
| CVS CVS Health Corp. | Add +9.8% | 0.81% | +0.37 |
| BAC Bank of America Corp. | Add +409.6% | 0.41% | +0.33 |
| CNP Centerpoint Energy Inc. | Add +13.4% | 0.70% | +0.21 |
| MHK Mohawk Industries Inc. | Add +3.4% | 2.34% | +0.20 |
| OC Owens Corning | New | 0.19% | +0.19 |
| VZ Verizon Communications Inc. | Add +5.4% | 0.76% | +0.18 |
| GILD Gilead Sciences Inc. | Add +7.7% | 0.57% | +0.17 |
| BOKF Bok Financial Corporation | Add +0.3% | 2.21% | +0.17 |
| WEX Wex Inc. | Add +29.5% | 0.76% | +0.17 |
| BCO The Brink's Co. | Add +8.8% | 1.41% | +0.14 |
| BIO Bio-Rad Laboratories-A | Add +29.3% | 2.07% | +0.11 |
| IPG Interpublic Group of Cos Inc. | Add +0.2% | 1.68% | +0.11 |
| MSGE Madison Square Garden Entert | Add +2.3% | 2.99% | +0.10 |
| VT Vanguard Tot World STK ETF | New | 0.10% | +0.10 |
| COF Capital One Financial Corp. | Add +5.5% | 0.61% | +0.09 |
| ZBH Zimmer Biomet Holdings Inc. | Add +0.6% | 0.40% | +0.06 |
| KFY Korn Ferry | Add +4.0% | 0.47% | +0.06 |
| VXUS Vanguard Total Intl Stock | New | 0.05% | +0.05 |
| CLB Core Laboratories Inc. | Add +7.4% | 1.82% | +0.04 |
| HCKT The Hackett Group Inc. | Add +4.1% | 0.22% | +0.02 |
| SSD Simpson Manufacturing Co. Inc. | Add +3.4% | 0.21% | +0.01 |
| ZIMV Zimvie Inc. | Add +174.4% | 0.02% | +0.01 |
| IFS Intercorp Financial Services | Add +103.6% | 0.01% | +0.00 |
| KSPI JSC Kaspi.kz ADR | Add +105.3% | 0.01% | +0.00 |
| DHI D.R. Horton Inc. | Add +1.9% | 0.21% | +0.00 |
| PGR Progressive Corp. | New | 0.00% | +0.00 |
| KKR KKR & Co. Inc. | Add +17.0% | 0.37% | +0.00 |
| FISV Fiserv Inc. | Add +0.5% | 0.01% | +0.00 |
| BRC Brady Corporation Class A | Add +0.5% | 0.00% | +0.00 |
| MTB M & T Bank Corp. | Add +0.6% | 0.00% | +0.00 |
| MSI Motorola Solutions Inc. | Add +0.6% | 0.00% | +0.00 |
| FICO Fair Isaac Corp. | Add +0.4% | 0.01% | +0.00 |
| PHIN Phinia Inc. | Add +0.0% | 0.07% | −0.00 |
| NVST Envista Holdings Corp. | Add +0.7% | 2.46% | −0.02 |
| GNTX Gentex Corp. | Add +10.8% | 1.94% | −0.02 |
| GNRC Generac Holdings Inc. | Add +10.1% | 2.40% | −0.02 |
| MGPI MGP Ingredients Inc. | Add +4.5% | 0.22% | −0.04 |
| LFUS Littelfuse Inc. | Add +2.5% | 0.71% | −0.04 |
| SPHR Sphere Entertainment Co. | Add +9.6% | 2.42% | −0.05 |
| NVT Nvent Electric PLC | Add +1.7% | 0.49% | −0.08 |
| LIND Lindblad Expeditions Holding | Add +6.0% | 0.85% | −0.08 |
| DNB Dun & Bradstreet Holdings Inc. | Add +4.0% | 0.42% | −0.09 |
| KN Knowles Corp. | Add +3.9% | 0.83% | −0.12 |
| CRL Charles River Laboratories | Add +3.1% | 1.95% | −0.16 |
| LAZ Lazard Inc. | Add +0.4% | 2.86% | −0.22 |
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 |