Ariel Investments

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

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), John W. Rogers Jr.'s Ariel Investments reported 106 stock positions worth $8.9 billion. Its top holding was Madison Square Garden Entert (MSGE) at 4.0% of the portfolio, followed by Onespaworld (OSW, 4.0%) and Jones Lang Lasalle (JLL, 3.5%). Compared with Q4 2025, it opened 8 new positions, sold out of 10, added to 45 and reduced 51. The biggest buy was Onespaworld (OSW, shares +10%) and the biggest sale an exit from Check Point Software Tech (CHKP).

Most Recent 13F: Q2 2026
Notable People: John W. Rogers Jr.
Location: CHICAGO, IL
CIK: 0000936753
Portfolio Value: $8.9B (Q1 2026)
SEC Filing: 0000936753-26-000025 ↗ filed May 14, 2026

Holdings Value

Holdings 106 stocks · $8.9B


MSGE Madison Square Garden Entert	4.03%	6,105,583	$359.7M	Reduce -11.3%
OSW Onespaworld Holdings Ltd.	3.96%	15,432,414	$354.2M	Add +10.1%
JLL Jones Lang Lasalle Inc.	3.49%	1,024,277	$311.7M	Add +14.7%
AMG Affiliated Managers Group	3.30%	1,064,030	$294.4M	Reduce -10.0%
SPHR Sphere Entertainment Co.	3.24%	2,462,309	$289.1M	Reduce -22.3%
NVST Envista Holdings Corp.	3.08%	10,863,592	$275.6M	Reduce -9.3%
NCLH Norwegian Cruise Line Holdin	3.07%	14,661,579	$274.2M	Add +2.2%
PBH Prestige Consumer Healthcare	2.84%	4,274,326	$253.3M	Add +4.2%
GNRC Generac Holdings Inc.	2.83%	1,294,787	$252.9M	Reduce -9.1%
CRL Charles River Laboratories	2.79%	1,444,183	$249.1M	Add +1.1%
LAZ Lazard Inc.	2.77%	5,826,289	$247.5M	Add +10.0%
FAF First American Financial	2.59%	3,839,002	$231.5M	Reduce -2.0%
MSGS Madison Square Garden Sports	2.58%	717,341	$230.6M	Reduce -0.7%
CVSA Covista Inc.	2.49%	1,931,284	$222.6M	Add +1.8%
CLB Core Laboratories Inc.	2.48%	13,170,388	$221.1M	Reduce -3.6%
BIO Bio-Rad Laboratories-A	2.45%	785,961	$219.1M	Add +2.8%
BOKF Bok Financial Corporation	2.36%	1,649,883	$211.3M	Reduce -2.3%
MIDD Middleby Corp.	2.34%	1,574,530	$208.8M	Add +1.0%
REZI Resideo Technologies Inc.	2.29%	6,078,851	$204.9M	Reduce -0.7%
MAT Mattel Inc.	2.21%	13,567,083	$197.1M	Add +8.3%
CG The Carlyle Group Inc.	2.16%	3,981,757	$192.7M	Add +0.8%
BYD Boyd Gaming Corp.	2.09%	2,274,418	$186.9M	Reduce -2.8%
GNTX Gentex Corp.	2.04%	8,342,402	$182.3M	Add +5.7%
SJM The JM Smucker Co. filed as SMUCKER J M CO	2.01%	1,860,459	$179.4M	Add +15.6%
MHK Mohawk Industries Inc.	1.92%	1,744,678	$171.8M	Add +1.7%
ZBRA Zebra Technologies Corp. Class A	1.82%	777,363	$162.5M	Add +63.4%
NTRS Northern Trust Corp.	1.78%	1,141,118	$159.3M	Reduce -8.6%
MANU Manchester United PLC Class A	1.70%	9,050,387	$152.2M	Add +0.8%
ADT Adt Inc.	1.43%	19,475,052	$128.0M	Reduce -9.7%
AQN Algonquin Power & Utilities	1.35%	19,641,661	$120.6M	Add +23.4%
KN Knowles Corp.	1.10%	3,818,862	$98.1M	Reduce -4.5%
AXTA Axalta Coating Systems Ltd.	1.07%	3,466,960	$96.0M	Reduce -28.7%
BCO The Brink's Co.	1.07%	922,958	$95.6M	Reduce -10.2%
LH Labcorp Holdings Inc.	1.06%	354,019	$94.5M	Reduce -1.7%
OMC Omnicom Group	0.93%	1,104,945	$83.2M	Add +1.5%
XRAY Dentsply Sirona Inc.	0.83%	6,386,815	$74.1M	Add +21.1%
LFUS Littelfuse Inc.	0.82%	215,427	$73.1M	Reduce -2.7%
NVT Nvent Electric PLC	0.79%	596,399	$70.5M	Reduce -2.7%
INTC Intel Corp.	0.72%	1,455,291	$64.2M	Reduce -4.5%
SLB SLB Ltd. filed as SLB LIMITED	0.71%	1,237,399	$63.6M	Reduce -3.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.71%	654,369	$63.1M	Add +17.3%
LIND Lindblad Expeditions Holding	0.67%	3,439,063	$59.5M	Reduce -32.8%
SMG Scotts Miracle-Gro Co.	0.66%	962,642	$58.5M	New
KEYS Keysight Technologies Inc.	0.65%	204,324	$57.7M	Reduce -20.9%
FSLR First Solar Inc.	0.60%	271,480	$53.6M	Add +7.9%
WEX Wex Inc.	0.58%	337,724	$51.7M	Add +0.3%
CVS CVS Health Corp.	0.56%	702,151	$50.4M	Reduce -14.9%
RLI Rli Corp.	0.56%	872,033	$49.7M	Add +133.7%
FDS Factset Research Systems Inc.	0.55%	225,047	$48.8M	Add +79.4%
BMY Bristol-Myers Squibb Co.	0.49%	721,731	$43.8M	Reduce -1.5%
T AT&T Inc.	0.48%	1,489,147	$43.2M	Add +23.8%
GCMG GCM Grosvenor Inc. Class A	0.48%	4,396,403	$43.1M	Reduce -2.5%
KKR KKR & Co. Inc.	0.45%	439,405	$40.6M	Add +65.9%
HPE Hewlett Packard Enterprise	0.44%	1,659,398	$39.5M	Add +25.6%
SCHW Schwab (charles) Corp.	0.42%	402,927	$37.9M	Add +17.7%
MTB M & T Bank Corp. filed as M & T BK CORP	0.41%	177,635	$36.7M	Reduce -1.5%
CBRE CBRE Group Inc. Class A	0.40%	263,149	$35.6M	Add +24.7%
FDX FedEx Corp.	0.39%	98,918	$35.2M	Add +38.5%
MAS Masco Corp.	0.35%	523,429	$31.6M	Add +29.1%
KMT Kennametal Inc.	0.35%	869,000	$31.4M	Reduce -63.5%
KFY Korn Ferry	0.33%	463,417	$29.2M	Reduce -0.6%
SWK Stanley Black & Decker Inc.	0.32%	396,952	$28.2M	Reduce -5.8%
GILD Gilead Sciences Inc.	0.32%	202,271	$28.2M	Reduce -1.4%
FITB Fifth Third Bancorp	0.30%	567,418	$26.4M	New
AFL Aflac Inc.	0.29%	239,266	$26.2M	Add +12.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.28%	512,111	$25.0M	Reduce -1.0%
FISV Fiserv Inc.	0.27%	432,559	$24.1M	Add +34.7%
TAP Molson Coors Beverage Co. Class B	0.26%	548,715	$23.6M	Add +6.3%
KMX Carmax Inc.	0.26%	561,947	$23.4M	Reduce -0.3%
MSFT Microsoft Corp.	0.26%	62,192	$23.0M	Reduce -63.9%
PSKY Paramount Skydance Class B	0.26%	2,546,320	$23.0M	Reduce -1.6%
CNP Centerpoint Energy Inc.	0.23%	476,867	$20.6M	Reduce -52.2%
SSD Simpson Manufacturing Co. Inc.	0.18%	91,750	$15.7M	Add +0.4%
MTN Vail Resorts Inc.	0.16%	112,309	$14.4M	Add +0.1%
IWN iShares Russell 2000 Value E	0.14%	65,455	$12.4M	Add +96.5%
SNA Snap-on Inc.	0.13%	32,608	$11.8M	Reduce -0.3%
MGPI MGP Ingredients Inc.	0.13%	628,860	$11.6M	Reduce -0.1%
JNJ Johnson & Johnson	0.11%	40,553	$9.9M	Reduce -6.3%
APA Apa Corp.	0.11%	222,147	$9.4M	Reduce -25.3%
PHIN Phinia Inc.	0.10%	132,555	$9.1M	Reduce -5.4%
CVX Chevron Corp.	0.10%	41,499	$8.6M	No change
B Barrick Mining Corp.	0.09%	207,277	$8.5M	Reduce -4.1%
LMT Lockheed Martin Corp.	0.09%	13,114	$7.9M	Reduce -2.5%
HCKT The Hackett Group Inc.	0.06%	425,568	$5.5M	Reduce -0.6%
TSM Taiwan Semiconductor-SP ADR	0.06%	16,092	$5.4M	Add +58.4%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC	0.06%	49,961	$5.0M	Reduce -2.6%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.05%	19,764	$4.3M	Add +28.7%
MOS The Mosaic Co.	0.04%	148,341	$3.8M	Add +0.9%
BWA Borgwarner Inc.	0.04%	64,987	$3.5M	No change
LESL Leslie's Inc.	0.04%	2,882,994	$3.2M	Add +1.6%
BAP Credicorp Ltd.	0.03%	7,585	$2.6M	Add +32.2%
ORCL Oracle Corp.	0.03%	16,367	$2.4M	Reduce -0.1%
IFS Intercorp Financial Services	0.03%	46,465	$2.3M	Add +34.0%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC	0.02%	22,724	$1.7M	Add +72.5%
VT Vanguard Tot World STK ETF	0.02%	9,964	$1.4M	New
VWO Vanguard Ftse Emerging Marke	0.01%	20,245	$1.1M	New
RCL Royal Caribbean Cruises Ltd.	0.01%	1,740	$479K	New
VXUS Vanguard Total Intl Stock	0.00%	4,685	$361K	New
HDB HDFC Bank Ltd.-ADR	0.00%	14,072	$350K	Add +7.0%
XCEM Columbia Em Core Ex-China	0.00%	8,466	$345K	New
MSI Motorola Solutions Inc.	0.00%	696	$302K	Reduce -7.8%
ZBH Zimmer Biomet Holdings Inc.	0.00%	3,014	$273K	Reduce -6.7%
BRC Brady Corporation Class A	0.00%	2,764	$225K	Reduce -7.7%
FICO Fair Isaac Corp.	0.00%	204	$218K	Reduce -7.7%
PGR Progressive Corp.	0.00%	1,010	$200K	Reduce -7.7%
IWS iShares Russell Mid-Cap Valu	0.00%	1,145	$167K	New

Portfolio Sells Q4 2025 → Q1 2026


CHKP Check Point Software Tech	Sold out	0.00%	−0.93
MSFT Microsoft Corp.	Reduce -63.9%	0.26%	−0.64
AXTA Axalta Coating Systems Ltd.	Reduce -28.7%	1.07%	−0.62
JHG Janus Henderson Group PLC	Sold out	0.00%	−0.60
ADT Adt Inc.	Reduce -9.7%	1.43%	−0.45
COF Capital One Financial Corp.	Sold out	0.00%	−0.42
WBS Webster Financial Corp.	Sold out	0.00%	−0.39
AMG Affiliated Managers Group	Reduce -10.0%	3.30%	−0.39
KMT Kennametal Inc.	Reduce -63.5%	0.35%	−0.38
NTAP Netapp Inc.	Sold out	0.00%	−0.37
HUM Humana Inc.	Sold out	0.00%	−0.23
BCO The Brink's Co.	Reduce -10.2%	1.07%	−0.22
CNP Centerpoint Energy Inc.	Reduce -52.2%	0.23%	−0.18
CVS CVS Health Corp.	Reduce -14.9%	0.56%	−0.14
LIND Lindblad Expeditions Holding	Reduce -32.8%	0.67%	−0.13
PSKY Paramount Skydance Class B	Reduce -1.6%	0.26%	−0.12
GCMG GCM Grosvenor Inc. Class A	Reduce -2.5%	0.48%	−0.07
BYD Boyd Gaming Corp.	Reduce -2.8%	2.09%	−0.06
NTRS Northern Trust Corp.	Reduce -8.6%	1.78%	−0.06
MGPI MGP Ingredients Inc.	Reduce -0.1%	0.13%	−0.04
GS Goldman Sachs Group Inc.	Sold out	0.00%	−0.03
HCKT The Hackett Group Inc.	Reduce -0.6%	0.06%	−0.03
REZI Resideo Technologies Inc.	Reduce -0.7%	2.29%	−0.03
BAC Bank of America Corp.	Reduce -1.0%	0.28%	−0.03
SWK Stanley Black & Decker Inc.	Reduce -5.8%	0.32%	−0.02
SPHR Sphere Entertainment Co.	Reduce -22.3%	3.24%	−0.02
VEA Vanguard Ftse Developed ETF	Sold out	0.00%	−0.02
CPA Copa Holdings SA Class A	Sold out	0.00%	−0.01
FAF First American Financial	Reduce -2.0%	2.59%	−0.01
ORCL Oracle Corp.	Reduce -0.1%	0.03%	−0.01
B Barrick Mining Corp.	Reduce -4.1%	0.09%	−0.01
KFY Korn Ferry	Reduce -0.6%	0.33%	−0.01
FICO Fair Isaac Corp.	Reduce -7.7%	0.00%	−0.00
IWD iShares Russell 1000 Value E	Sold out	0.00%	−0.00
PGR Progressive Corp.	Reduce -7.7%	0.00%	−0.00
ZBH Zimmer Biomet Holdings Inc.	Reduce -6.7%	0.00%	−0.00
BRC Brady Corporation Class A	Reduce -7.7%	0.00%	0.00
MSI Motorola Solutions Inc.	Reduce -7.8%	0.00%	+0.00
PHIN Phinia Inc.	Reduce -5.4%	0.10%	+0.01
KB KB Financial Group Inc.-ADR	Reduce -2.6%	0.06%	+0.01
SNA Snap-on Inc.	Reduce -0.3%	0.13%	+0.01
JNJ Johnson & Johnson	Reduce -6.3%	0.11%	+0.01
MTB M & T Bank Corp.	Reduce -1.5%	0.41%	+0.02
LMT Lockheed Martin Corp.	Reduce -2.5%	0.09%	+0.02
MSGE Madison Square Garden Entert	Reduce -11.3%	4.03%	+0.02
KMX Carmax Inc.	Reduce -0.3%	0.26%	+0.03
APA Apa Corp.	Reduce -25.3%	0.11%	+0.03
GILD Gilead Sciences Inc.	Reduce -1.4%	0.32%	+0.04
BMY Bristol-Myers Squibb Co.	Reduce -1.5%	0.49%	+0.06
KEYS Keysight Technologies Inc.	Reduce -20.9%	0.65%	+0.08

Portfolio Buys Q4 2025 → Q1 2026


OSW Onespaworld Holdings Ltd.	Add +10.1%	3.96%	+0.83
SMG Scotts Miracle-Gro Co.	New	0.66%	+0.66
ZBRA Zebra Technologies Corp. Class A	Add +63.4%	1.82%	+0.57
CVSA Covista Inc.	Add +1.8%	2.49%	+0.37
SJM The JM Smucker Co.	Add +15.6%	2.01%	+0.31
RLI Rli Corp.	Add +133.7%	0.56%	+0.30
FITB Fifth Third Bancorp	New	0.30%	+0.30
AQN Algonquin Power & Utilities	Add +23.4%	1.35%	+0.29
JLL Jones Lang Lasalle Inc.	Add +14.7%	3.49%	+0.24
XRAY Dentsply Sirona Inc.	Add +21.1%	0.83%	+0.18
FDX FedEx Corp.	Add +38.5%	0.39%	+0.17
T AT&T Inc.	Add +23.8%	0.48%	+0.16
MANU Manchester United PLC Class A	Add +0.8%	1.70%	+0.16
FDS Factset Research Systems Inc.	Add +79.4%	0.55%	+0.15
PBH Prestige Consumer Healthcare	Add +4.2%	2.84%	+0.10
HPE Hewlett Packard Enterprise	Add +25.6%	0.44%	+0.10
KKR KKR & Co. Inc.	Add +65.9%	0.45%	+0.09
MAS Masco Corp.	Add +29.1%	0.35%	+0.08
IWN iShares Russell 2000 Value E	Add +96.5%	0.14%	+0.07
GNTX Gentex Corp.	Add +5.7%	2.04%	+0.06
SCHW Schwab (charles) Corp.	Add +17.7%	0.42%	+0.05
AFL Aflac Inc.	Add +12.8%	0.29%	+0.04
FISV Fiserv Inc.	Add +34.7%	0.27%	+0.04
WEX Wex Inc.	Add +0.3%	0.58%	+0.04
CBRE CBRE Group Inc. Class A	Add +24.7%	0.40%	+0.03
TSM Taiwan Semiconductor-SP ADR	Add +58.4%	0.06%	+0.03
DIS The Walt Disney Co.	Add +17.3%	0.71%	+0.02
SSD Simpson Manufacturing Co. Inc.	Add +0.4%	0.18%	+0.02
VT Vanguard Tot World STK ETF	New	0.02%	+0.02
VWO Vanguard Ftse Emerging Marke	New	0.01%	+0.01
BAP Credicorp Ltd.	Add +32.2%	0.03%	+0.01
IFS Intercorp Financial Services	Add +34.0%	0.03%	+0.01
KSPI JSC Kaspi.kz ADR	Add +72.5%	0.02%	+0.01
RCL Royal Caribbean Cruises Ltd.	New	0.01%	+0.01
AJG Arthur J Gallagher & Co.	Add +28.7%	0.05%	+0.01
TAP Molson Coors Beverage Co. Class B	Add +6.3%	0.26%	+0.00
MOS The Mosaic Co.	Add +0.9%	0.04%	+0.00
VXUS Vanguard Total Intl Stock	New	0.00%	+0.00
XCEM Columbia Em Core Ex-China	New	0.00%	+0.00
IWS iShares Russell Mid-Cap Valu	New	0.00%	+0.00
MTN Vail Resorts Inc.	Add +0.1%	0.16%	+0.00
HDB HDFC Bank Ltd.-ADR	Add +7.0%	0.00%	−0.00
LAZ Lazard Inc.	Add +10.0%	2.77%	−0.01
LESL Leslie's Inc.	Add +1.6%	0.04%	−0.01
OMC Omnicom Group	Add +1.5%	0.93%	−0.02
BIO Bio-Rad Laboratories-A	Add +2.8%	2.45%	−0.05
MHK Mohawk Industries Inc.	Add +1.7%	1.92%	−0.10
FSLR First Solar Inc.	Add +7.9%	0.60%	−0.11
MIDD Middleby Corp.	Add +1.0%	2.34%	−0.17
CRL Charles River Laboratories	Add +1.1%	2.79%	−0.29

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