# ARIEL INVESTMENTS, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 936753. Source: https://holderbook.com/funds/936753-ariel-investments-llc/

- Reported value: $10.0B
- Positions: 106
- Weight of the ten largest: 33.0%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MADISON SQUARE GARDEN ENTMT | [MSGE](https://holderbook.com/stocks/MSGE/) | $428.9M | 5,302,754 | 4.3% | 13 |
| ONESPAWORLD HOLDINGS LIMITED | [OSW](https://holderbook.com/stocks/OSW/) | $420.4M | 14,888,182 | 4.2% | 26 |
| CHARLES RIV LABS INTL INC | [CRL](https://holderbook.com/stocks/CRL/) | $341.6M | 1,506,185 | 3.4% | 31 |
| AFFILIATED MANAGERS GROUP | [AMG](https://holderbook.com/stocks/AMG/) | $338.3M | 999,676 | 3.4% | 31 |
| JONES LANG LASALLE INC | [JLL](https://holderbook.com/stocks/JLL/) | $328.6M | 1,060,265 | 3.3% | 31 |
| NORWEGIAN CRUISE LINE HLDGS | [NCLH](https://holderbook.com/stocks/NCLH/) | $325.7M | 15,430,947 | 3.2% | 26 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $292.2M | 997,951 | 2.9% | 17 |
| SPHERE ENTERTAINMENT CO | [SPHR](https://holderbook.com/stocks/SPHR/) | $288.2M | 1,665,326 | 2.9% | 25 |
| MIDDLEBY CORP | [MIDD](https://holderbook.com/stocks/MIDD/) | $282.8M | 1,644,006 | 2.8% | 26 |
| MADISON SQUARE GRDN SPRT COR | [MSGS](https://holderbook.com/stocks/MSGS/) | $264.6M | 658,551 | 2.6% | 31 |
| ENVISTA HOLDINGS CORPORATION | [NVST](https://holderbook.com/stocks/NVST/) | $258.7M | 9,818,177 | 2.6% | 26 |
| ZEBRA TECHNOLOGIES CORPORATI | [ZBRA](https://holderbook.com/stocks/ZBRA/) | $243.0M | 922,998 | 2.4% | 31 |
| LAZARD INC | [LAZ](https://holderbook.com/stocks/LAZ/) | $241.4M | 5,755,404 | 2.4% | 10 |
| BIO RAD LABS INC | [BIO](https://holderbook.com/stocks/BIO/) | $239.8M | 816,751 | 2.4% | 31 |
| PRESTIGE CONSMR HEALTHCARE I | [PBH](https://holderbook.com/stocks/PBH/) | $230.1M | 4,868,711 | 2.3% | 17 |
| BOK FINL CORP | [BOKF](https://holderbook.com/stocks/BOKF/) | $226.0M | 1,627,416 | 2.3% | 31 |
| FIRST AMERN FINL CORP | [FAF](https://holderbook.com/stocks/FAF/) | $221.5M | 3,229,706 | 2.2% | 31 |
| COVISTA INC | [CVSA](https://holderbook.com/stocks/CVSA/) | $220.9M | 1,771,844 | 2.2% | 31 |
| MATTEL INC | [MAT](https://holderbook.com/stocks/MAT/) | $214.0M | 15,415,955 | 2.1% | 31 |
| MOHAWK INDS INC | [MHK](https://holderbook.com/stocks/MHK/) | $213.1M | 1,756,773 | 2.1% | 31 |
| MANCHESTER UTD PLC NEW | [MANU](https://holderbook.com/stocks/MANU/) | $212.3M | 9,258,276 | 2.1% | 20 |
| GENTEX CORP | [GNTX](https://holderbook.com/stocks/GNTX/) | $210.0M | 8,309,786 | 2.1% | 20 |
| SMUCKER J M CO | [SJM](https://holderbook.com/stocks/SJM/) | $202.4M | 1,798,871 | 2.0% | 31 |
| BOYD GAMING CORP | [BYD](https://holderbook.com/stocks/BYD/) | $192.8M | 2,182,342 | 1.9% | 20 |
| CARLYLE GROUP INC | [CG](https://holderbook.com/stocks/CG/) | $191.5M | 4,548,683 | 1.9% | 15 |
| RESIDEO TECHNOLOGIES INC | [REZI](https://holderbook.com/stocks/REZI/) | $191.0M | 6,141,052 | 1.9% | 20 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $169.0M | 972,340 | 1.7% | 31 |
| CORE LABORATORIES INC | [CLB](https://holderbook.com/stocks/CLB/) | $164.0M | 14,074,945 | 1.6% | 13 |
| HAEMONETICS CORP MASS | [HAE](https://holderbook.com/stocks/HAE/) | $154.6M | 2,060,966 | 1.5% | 1 |
| RLI CORP | [RLI](https://holderbook.com/stocks/RLI/) | $148.8M | 2,519,527 | 1.5% | 3 |
| MASCO CORP | [MAS](https://holderbook.com/stocks/MAS/) | $133.0M | 1,635,096 | 1.3% | 31 |
| AXALTA COATING SYS LTD | [AXTA](https://holderbook.com/stocks/AXTA/) | $118.5M | 3,462,010 | 1.2% | 22 |
| ADT INC DEL | [ADT](https://holderbook.com/stocks/ADT/) | $116.1M | 17,858,375 | 1.2% | 21 |
| LABCORP HOLDINGS INC | [LH](https://holderbook.com/stocks/LH/) | $97.8M | 349,112 | 1.0% | 9 |
| SCOTTS MIRACLE-GRO CO | [SMG](https://holderbook.com/stocks/SMG/) | $96.1M | 1,410,981 | 1.0% | 2 |
| KNOWLES CORP | [KN](https://holderbook.com/stocks/KN/) | $94.8M | 2,284,673 | 0.9% | 31 |
| BRINKS CO | [BCO](https://holderbook.com/stocks/BCO/) | $86.1M | 911,321 | 0.9% | 31 |
| OMNICOM GROUP INC | [OMC](https://holderbook.com/stocks/OMC/) | $85.5M | 1,174,452 | 0.9% | 3 |
| DENTSPLY SIRONA INC | [XRAY](https://holderbook.com/stocks/XRAY/) | $85.2M | 8,026,107 | 0.8% | 3 |
| LINDBLAD EXPEDITIONS HLDGS I | [LIND](https://holderbook.com/stocks/LIND/) | $78.0M | 2,762,484 | 0.8% | 19 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $76.6M | 548,831 | 0.8% | 11 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $75.5M | 730,110 | 0.8% | 10 |
| LITTELFUSE INC | [LFUS](https://holderbook.com/stocks/LFUS/) | $74.4M | 163,376 | 0.7% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $61.2M | 635,446 | 0.6% | 5 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $57.2M | 242,450 | 0.6% | 5 |
| GCM GROSVENOR INC | [GCMG](https://holderbook.com/stocks/GCMG/) | $54.3M | 4,415,839 | 0.5% | 16 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $54.1M | 1,163,320 | 0.5% | 7 |
| FACTSET RESH SYS INC | [FDS](https://holderbook.com/stocks/FDS/) | $53.9M | 234,096 | 0.5% | 3 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $51.0M | 145,711 | 0.5% | 31 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $50.7M | 299,032 | 0.5% | 22 |
| PPL CORP | [PPL](https://holderbook.com/stocks/PPL/) | $49.1M | 1,349,987 | 0.5% | 1 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $48.5M | 525,299 | 0.5% | 26 |
| WEX INC | [WEX](https://holderbook.com/stocks/WEX/) | $46.8M | 331,383 | 0.5% | 8 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $46.3M | 343,527 | 0.5% | 31 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $41.6M | 174,574 | 0.4% | 19 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $40.1M | 696,430 | 0.4% | 3 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $39.8M | 1,924,404 | 0.4% | 3 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $38.9M | 424,241 | 0.4% | 31 |
| ALGONQUIN POWER & UTILITIES | [AQN](https://holderbook.com/stocks/AQN/) | $38.7M | 6,608,611 | 0.4% | 6 |
| DYNATRACE INC | [DT](https://holderbook.com/stocks/DT/) | $34.6M | 788,488 | 0.3% | 1 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $33.9M | 751,355 | 0.3% | 3 |
| HOULIHAN LOKEY INC | [HLI](https://holderbook.com/stocks/HLI/) | $32.8M | 244,520 | 0.3% | 1 |
| FIFTH THIRD BANCORP | [FITB](https://holderbook.com/stocks/FITB/) | $31.3M | 554,673 | 0.3% | 2 |
| KORN FERRY | [KFY](https://holderbook.com/stocks/KFY/) | $30.0M | 450,116 | 0.3% | 30 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $29.9M | 95,476 | 0.3% | 4 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $28.1M | 492,572 | 0.3% | 16 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $27.7M | 236,216 | 0.3% | 31 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $26.7M | 545,115 | 0.3% | 18 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $24.7M | 195,657 | 0.2% | 31 |
| LESLIES INC | [LESL](https://holderbook.com/stocks/LESL/) | $24.5M | 2,416,405 | 0.2% | 4 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $21.7M | 108,339 | 0.2% | 1 |
| ROYAL CARIBBEAN GROUP | [RCL](https://holderbook.com/stocks/RCL/) | $21.3M | 67,173 | 0.2% | 2 |
| SIMPSON MFG INC | [SSD](https://holderbook.com/stocks/SSD/) | $20.8M | 99,589 | 0.2% | 31 |
| CENTERPOINT ENERGY INC | [CNP](https://holderbook.com/stocks/CNP/) | $20.3M | 460,132 | 0.2% | 7 |
| CARMAX INC | [KMX](https://holderbook.com/stocks/KMX/) | $18.3M | 346,538 | 0.2% | 30 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $17.0M | 76,697 | 0.2% | 29 |
| VAIL RESORTS INC | [MTN](https://holderbook.com/stocks/MTN/) | $14.9M | 109,130 | 0.1% | 26 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $12.9M | 58,906 | 0.1% | 6 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $11.6M | 28,940 | 0.1% | 31 |
| MGP INGREDIENTS INC NEW | [MGPI](https://holderbook.com/stocks/MGPI/) | $10.7M | 610,729 | 0.1% | 10 |
| PHINIA INC | [PHIN](https://holderbook.com/stocks/PHIN/) | $9.3M | 113,193 | 0.1% | 12 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $9.0M | 35,393 | 0.1% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $8.5M | 17,838 | 0.1% | 11 |
| FEDEX FGHT HLDG CO INC | - | $7.2M | 47,734 | 0.1% | 1 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $7.1M | 194,488 | 0.1% | 5 |
| APA CORPORATION | [APA](https://holderbook.com/stocks/APA/) | $6.1M | 186,521 | 0.1% | 22 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $5.7M | 34,626 | 0.1% | 12 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $5.6M | 11,045 | 0.1% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $5.4M | 75,980 | 0.1% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $4.4M | 27,941 | 0.0% | 2 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $4.3M | 18,597 | 0.0% | 4 |
| BORGWARNER INC | [BWA](https://holderbook.com/stocks/BWA/) | $3.7M | 55,049 | 0.0% | 31 |
| KB FINL GROUP INC | [KB](https://holderbook.com/stocks/KB/) | $2.8M | 26,798 | 0.0% | 11 |
| MOSAIC CO | [MOS](https://holderbook.com/stocks/MOS/) | $2.6M | 123,607 | 0.0% | 31 |
| KASPI KZ JSC | [KSPI](https://holderbook.com/stocks/KSPI/) | $2.0M | 23,614 | 0.0% | 9 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.0M | 13,730 | 0.0% | 31 |
| COLUMBIA ETF TR II | [XCEM](https://holderbook.com/stocks/XCEM/) | $881.6K | 16,671 | 0.0% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $600.8K | 10,065 | 0.0% | 2 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $363.5K | 14,072 | 0.0% | 4 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $287.4K | 692 | 0.0% | 17 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +15.6% | +14.8% | +0.8% | 100% |
| Q1 2026 | -0.8% | -4.6% | +3.8% | 100% |
| Q4 2025 | +2.7% | +2.4% | +0.4% | 99% |
| Q3 2025 | +11.9% | +7.8% | +4.1% | 100% |
| Q2 2025 | +6.2% | +10.5% | -4.3% | 100% |
| Q1 2025 | -6.5% | -4.6% | -1.9% | 100% |
| Q4 2024 | -1.0% | +2.1% | -3.2% | 100% |
| Q3 2024 | +11.0% | +5.4% | +5.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $10.0B | 106 |
| Q1 2026 | $8.9B | 106 |
| Q4 2025 | $9.3B | 108 |
| Q3 2025 | $9.4B | 107 |
| Q2 2025 | $8.8B | 104 |
| Q1 2025 | $8.5B | 106 |
| Q4 2024 | $9.4B | 110 |
| Q3 2024 | $9.8B | 110 |
| Q2 2024 | $9.2B | 115 |
| Q1 2024 | $10.2B | 115 |
| Q4 2023 | $10.0B | 114 |
| Q3 2023 | $9.4B | 115 |