ARIEL INVESTMENTS, LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| MADISON SQUARE GARDEN ENTMT | MSGE | $428.9M | 5,302,754 | +0.25pp | 13q | -13.1%-$64.9M | |
| ONESPAWORLD HOLDINGS LIMITED | OSW | $420.4M | 14,888,182 | +0.23pp | 26q | -3.5%-$15.4M | |
| CHARLES RIV LABS INTL INC | CRL | $341.6M | 1,506,185 | +0.62pp | 31q | +4.3%+$14.1M | |
| AFFILIATED MANAGERS GROUP | AMG | $338.3M | 999,676 | +0.08pp | 31q | -6.0%-$21.8M | |
| JONES LANG LASALLE INC | JLL | $328.6M | 1,060,265 | -0.21pp | 31q | +3.5%+$11.2M | |
| NORWEGIAN CRUISE LINE HLDGS | NCLH | $325.7M | 15,430,947 | +0.18pp | 26q | +5.2%+$16.2M | |
| GENERAC HLDGS INC | GNRC | $292.2M | 997,951 | +0.08pp | 17q | -22.9%-$86.9M | |
| SPHERE ENTERTAINMENT CO | SPHR | $288.2M | 1,665,326 | -0.36pp | 25q | -32.4%-$137.9M | |
| MIDDLEBY CORP | MIDD | $282.8M | 1,644,006 | +0.48pp | 26q | +4.4%+$12.0M | |
| MADISON SQUARE GRDN SPRT COR | MSGS | $264.6M | 658,551 | +0.06pp | 31q | -8.2%-$23.6M | |
| ENVISTA HOLDINGS CORPORATION | NVST | $258.7M | 9,818,177 | -0.51pp | 26q | -9.6%-$27.5M | |
| ZEBRA TECHNOLOGIES CORPORATI | ZBRA | $243.0M | 922,998 | +0.60pp | 31q | +18.7%+$38.3M | |
| LAZARD INC | LAZ | $241.4M | 5,755,404 | -0.36pp | 10q | -1.2%-$3.0M | |
| BIO RAD LABS INC | BIO | $239.8M | 816,751 | -0.06pp | 31q | +3.9%+$9.0M | |
| PRESTIGE CONSMR HEALTHCARE I | PBH | $230.1M | 4,868,711 | -0.54pp | 17q | +13.9%+$28.1M | |
| BOK FINL CORP | BOKF | $226.0M | 1,627,416 | -0.11pp | 31q | -1.4%-$3.1M | |
| FIRST AMERN FINL CORP | FAF | $221.5M | 3,229,706 | -0.38pp | 31q | -15.9%-$41.8M | |
| COVISTA INC | CVSA | $220.9M | 1,771,844 | -0.29pp | 31q | -8.3%-$19.9M | |
| MATTEL INC | MAT | $214.0M | 15,415,955 | -0.07pp | 31q | +13.6%+$25.7M | |
| MOHAWK INDS INC | MHK | $213.1M | 1,756,773 | +0.20pp | 31q | +0.7%+$1.5M | |
| MANCHESTER UTD PLC NEW | MANU | $212.3M | 9,258,276 | +0.41pp | 20q | +2.3%+$4.8M | |
| GENTEX CORP | GNTX | $210.0M | 8,309,786 | +0.05pp | 20q | HELD | |
| SMUCKER J M CO | SJM | $202.4M | 1,798,871 | +0.01pp | 31q | -3.3%-$6.9M | |
| BOYD GAMING CORP | BYD | $192.8M | 2,182,342 | -0.17pp | 20q | -4.0%-$8.1M | |
| CARLYLE GROUP INC | CG | $191.5M | 4,548,683 | -0.25pp | 15q | +14.2%+$23.9M | |
| RESIDEO TECHNOLOGIES INC | REZI | $191.0M | 6,141,052 | -0.39pp | 20q | +1.0%+$1.9M | |
| NORTHERN TR CORP | NTRS | $169.0M | 972,340 | -0.10pp | 31q | -14.8%-$29.3M | |
| CORE LABORATORIES INC | CLB | $164.0M | 14,074,945 | -0.84pp | 13q | +6.9%+$10.5M | |
| HAEMONETICS CORP MASS | HAE | $154.6M | 2,060,966 | - | new | NEW | |
| RLI CORP | RLI | $148.8M | 2,519,527 | +0.93pp | 3q | +188.9%+$97.3M | |
| MASCO CORP | MAS | $133.0M | 1,635,096 | +0.97pp | 31q | +212.4%+$90.5M | |
| AXALTA COATING SYS LTD | AXTA | $118.5M | 3,462,010 | +0.11pp | 22q | HELD | |
| ADT INC DEL | ADT | $116.1M | 17,858,375 | -0.27pp | 21q | -8.3%-$10.5M | |
| LABCORP HOLDINGS INC | LH | $97.8M | 349,112 | -0.08pp | 9q | -1.4%-$1.4M | |
| SCOTTS MIRACLE-GRO CO | SMG | $96.1M | 1,410,981 | +0.30pp | 2q | +46.6%+$30.5M | |
| KNOWLES CORP | KN | $94.8M | 2,284,673 | -0.15pp | 31q | -40.2%-$63.6M | |
| BRINKS CO | BCO | $86.1M | 911,321 | -0.21pp | 31q | -1.3%-$1.1M | |
| OMNICOM GROUP INC | OMC | $85.5M | 1,174,452 | -0.08pp | 3q | +6.3%+$5.1M | |
| DENTSPLY SIRONA INC | XRAY | $85.2M | 8,026,107 | +0.02pp | 3q | +25.7%+$17.4M | |
| LINDBLAD EXPEDITIONS HLDGS I | LIND | $78.0M | 2,762,484 | +0.11pp | 19q | -19.7%-$19.1M | |
| INTEL CORP | INTC | $76.6M | 548,831 | +0.05pp | 11q | -62.3%-$126.6M | |
| CVS HEALTH CORP | CVS | $75.5M | 730,110 | +0.19pp | 10q | +4.0%+$2.9M | |
| LITTELFUSE INC | LFUS | $74.4M | 163,376 | -0.08pp | 31q | -24.2%-$23.7M | |
| DISNEY WALT CO | DIS | $61.2M | 635,446 | -0.10pp | 5q | -2.9%-$1.8M | |
| FIRST SOLAR INC | FSLR | $57.2M | 242,450 | -0.03pp | 5q | -10.7%-$6.8M | |
| GCM GROSVENOR INC | GCMG | $54.3M | 4,415,839 | +0.06pp | 16q | HELD | |
| SLB LIMITED | SLB | $54.1M | 1,163,320 | -0.17pp | 7q | -6.0%-$3.4M | |
| FACTSET RESH SYS INC | FDS | $53.9M | 234,096 | -0.01pp | 3q | +4.0%+$2.1M | |
| KEYSIGHT TECHNOLOGIES INC | KEYS | $51.0M | 145,711 | -0.14pp | 31q | -28.7%-$20.5M | |
| NVENT ELEC PLC | NVT | $50.7M | 299,032 | -0.28pp | 22q | -49.9%-$50.4M | |
| PPL CORP | PPL | $49.1M | 1,349,987 | - | new | NEW | |
| SCHWAB CHARLES CORP | SCHW | $48.5M | 525,299 | +0.06pp | 26q | +30.4%+$11.3M | |
| WEX INC | WEX | $46.8M | 331,383 | -0.11pp | 8q | -1.9%-$894.7K | |
| CBRE GROUP INC | CBRE | $46.3M | 343,527 | +0.06pp | 31q | +30.5%+$10.8M | |
| M & T BK CORP | MTB | $41.6M | 174,574 | flat | 19q | -1.7%-$728.5K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $40.1M | 696,430 | -0.09pp | 3q | -3.5%-$1.5M | |
| AT&T INC | T | $39.8M | 1,924,404 | -0.09pp | 3q | +29.2%+$9.0M | |
| KKR & CO INC | KKR | $38.9M | 424,241 | -0.07pp | 31q | -3.5%-$1.4M | |
| ALGONQUIN POWER & UTILITIES | AQN | $38.7M | 6,608,611 | -0.96pp | 6q | -66.4%-$76.4M | |
| DYNATRACE INC | DT | $34.6M | 788,488 | - | new | NEW | |
| HEWLETT PACKARD ENTERPRISE C | HPE | $33.9M | 751,355 | -0.10pp | 3q | -54.7%-$41.0M | |
| HOULIHAN LOKEY INC | HLI | $32.8M | 244,520 | - | new | NEW | |
| FIFTH THIRD BANCORP | FITB | $31.3M | 554,673 | +0.02pp | 2q | -2.2%-$718.4K | |
| KORN FERRY | KFY | $30.0M | 450,116 | -0.03pp | 30q | -2.9%-$885.6K | |
| FEDEX CORP | FDX | $29.9M | 95,476 | -0.10pp | 4q | -3.5%-$1.1M | |
| BANK OF AMER CORP | BAC | $28.1M | 492,572 | flat | 16q | -3.8%-$1.1M | |
| AFLAC INC | AFL | $27.7M | 236,216 | -0.02pp | 31q | -1.3%-$357.6K | |
| FISERV INC | FISV | $26.7M | 545,115 | flat | 18q | +26.0%+$5.5M | |
| GILEAD SCIENCES INC | GILD | $24.7M | 195,657 | -0.07pp | 31q | -3.3%-$835.6K | |
| LESLIES INC | LESL | $24.5M | 2,416,405 | +0.21pp | 4q | -16.2%-$4.7M | |
| CAPITAL ONE FINL CORP | COF | $21.7M | 108,339 | - | new | NEW | |
| ROYAL CARIBBEAN GROUP | RCL | $21.3M | 67,173 | +0.21pp | 2q | +3760.5%+$20.8M | |
| SIMPSON MFG INC | SSD | $20.8M | 99,589 | +0.03pp | 31q | +8.5%+$1.6M | |
| CENTERPOINT ENERGY INC | CNP | $20.3M | 460,132 | -0.03pp | 7q | -3.5%-$737.0K | |
| CARMAX INC | KMX | $18.3M | 346,538 | -0.08pp | 30q | -38.3%-$11.4M | |
| ISHARES TR | IWN | $17.0M | 76,697 | +0.03pp | 29q | +17.2%+$2.5M | |
| VAIL RESORTS INC | MTN | $14.9M | 109,130 | -0.01pp | 26q | -2.8%-$432.8K | |
| PROGRESSIVE CORP | PGR | $12.9M | 58,906 | +0.13pp | 6q | +5732.3%+$12.6M | |
| SNAP ON INC | SNA | $11.6M | 28,940 | -0.02pp | 31q | -11.2%-$1.5M | |
| MGP INGREDIENTS INC NEW | MGPI | $10.7M | 610,729 | -0.02pp | 10q | -2.9%-$317.7K | |
| PHINIA INC | PHIN | $9.3M | 113,193 | -0.01pp | 12q | -14.6%-$1.6M | |
| JOHNSON & JOHNSON | JNJ | $9.0M | 35,393 | -0.02pp | 31q | -12.7%-$1.3M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $8.5M | 17,838 | +0.02pp | 11q | +10.9%+$833.8K | |
| FEDEX FGHT HLDG CO INC | $7.2M | 47,734 | - | new | NEW | ||
| BARRICK MNG CORP | B | $7.1M | 194,488 | -0.02pp | 5q | -6.2%-$469.7K | |
| APA CORPORATION | APA | $6.1M | 186,521 | -0.04pp | 22q | -16.0%-$1.2M | |
| CHEVRON CORPORATION | CVX | $5.7M | 34,626 | -0.04pp | 12q | -16.6%-$1.1M | |
| LOCKHEED MARTIN CORP | LMT | $5.6M | 11,045 | -0.03pp | 31q | -15.8%-$1.1M | |
| VANGUARD TAX-MANAGED FDS | VEA | $5.4M | 75,980 | - | new | NEW | |
| VANGUARD INTL EQUITY INDEX F | VT | $4.4M | 27,941 | +0.03pp | 2q | +180.4%+$2.8M | |
| GALLAGHER ARTHUR J & CO | AJG | $4.3M | 18,597 | -0.01pp | 4q | -5.9%-$267.9K | |
| BORGWARNER INC | BWA | $3.7M | 55,049 | flat | 31q | -15.3%-$659.9K | |
| KB FINL GROUP INC | KB | $2.8M | 26,798 | -0.03pp | 11q | -46.4%-$2.4M | |
| MOSAIC CO | MOS | $2.6M | 123,607 | -0.02pp | 31q | -16.7%-$524.1K | |
| KASPI KZ JSC | KSPI | $2.0M | 23,614 | flat | 9q | +3.9%+$77.1K | |
| ORACLE CORP | ORCL | $2.0M | 13,730 | -0.01pp | 31q | -16.1%-$386.5K | |
| COLUMBIA ETF TR II | XCEM | $881.6K | 16,671 | flat | 2q | +96.9%+$433.9K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $600.8K | 10,065 | -0.01pp | 2q | -50.3%-$607.6K | |
| HDFC BANK LTD | HDB | $363.5K | 14,072 | flat | 4q | HELD | |
| MOTOROLA SOLUTIONS INC | MSI | $287.4K | 692 | flat | 17q | -0.6%-$1.7K | |
| KENNAMETAL INC | KMT | $273.9K | 7,814 | -0.35pp | 31q | -99.1%-$30.2M | |
| ZIMMER BIOMET HOLDINGS INC | ZBH | $258.2K | 2,999 | flat | 31q | HELD | |
| BRADY CORP | BRC | $251.5K | 2,747 | flat | 31q | -0.6%-$1.6K | |
| FAIR ISAAC CORP | FICO | $242.5K | 203 | flat | 18q | HELD | |
| ISHARES TR | IWD | $217.0K | 895 | - | new | NEW | |
| ISHARES TR | IWS | $188.5K | 1,145 | flat | 2q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Telecom & Media | $1.7B | 17.3% |
| Industrials | $956.5M | 9.5% |
| Capital Markets | $945.7M | 9.4% |
| Biotech & Pharma | $885.4M | 8.8% |
| Business Services | $721.0M | 7.2% |
| Semiconductors & Electronics | $604.0M | 6.0% |
| Transport & Logistics | $541.1M | 5.4% |
| Banks & Lending | $520.8M | 5.2% |
| Medical Devices | $498.7M | 5.0% |
| Insurance | $415.2M | 4.1% |
| Real Estate | $374.9M | 3.7% |
| Retail & Consumer | $256.0M | 2.6% |
| Other sectors | $1.5B | 15.4% |
| Not classified | $35.9M | 0.4% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| 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% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $10.0B | 106 | 8 | 32 | 59 | 8 | 33.0% | 45 |
| Q1 2026 | $8.9B | 106 | 8 | 42 | 47 | 10 | 32.6% | 44 |
| Q4 2025 | $9.3B | 108 | 10 | 25 | 65 | 9 | 32.2% | 44 |
| Q3 2025 | $9.4B | 107 | 8 | 27 | 58 | 5 | 31.7% | 45 |
| Q2 2025 | $8.8B | 104 | 3 | 37 | 58 | 5 | 30.8% | 45 |
| Q1 2025 | $8.5B | 106 | 5 | 43 | 47 | 9 | 27.9% | 45 |
| Q4 2024 | $9.4B | 110 | 6 | 28 | 66 | 6 | 27.2% | 45 |
| Q3 2024 | $9.8B | 110 | 4 | 25 | 73 | 9 | 27.7% | 44 |
| Q2 2024 | $9.2B | 115 | 6 | 39 | 67 | 6 | 25.2% | 45 |
| Q1 2024 | $10.2B | 115 | 7 | 29 | 65 | 6 | 26.0% | 44 |
| Q4 2023 | $10.0B | 114 | 8 | 38 | 50 | 9 | 25.5% | 45 |
| Q3 2023 | $9.4B | 115 | 5 | 40 | 59 | 6 | 25.9% | 45 |
| Q2 2023 | $10.6B | 116 | 6 | 32 | 67 | 4 | 26.0% | 45 |
| Q1 2023 | $10.4B | 114 | 1 | 47 | 39 | 3 | 28.0% | 42 |
| Q4 2022 | $9.8B | 116 | 4 | 32 | 69 | 2 | 28.6% | 45 |
| Q3 2022 | $9.1B | 114 | 4 | 38 | 62 | 2 | 28.7% | 45 |
| Q2 2022 | $10.0B | 112 | 8 | 65 | 35 | 2 | 29.8% | 43 |
| Q1 2022 | $11.3B | 106 | 4 | 56 | 42 | 2 | 29.6% | 43 |
| Q4 2021 | $11.9B | 104 | 2 | 50 | 46 | 7 | 30.6% | 45 |
| Q3 2021 | $10.9B | 109 | 6 | 59 | 36 | 7 | 31.5% | 43 |
| Q2 2021 | $10.6B | 110 | 3 | 44 | 50 | 29 | 31.6% | 44 |
| Q1 2021 | $10.2B | 136 | 9 | 52 | 68 | 13 | 32.2% | 44 |
| Q4 2020 | $8.9B | 140 | 6 | 68 | 56 | 8 | 33.5% | 43 |
| Q3 2020 | $6.9B | 142 | 5 | 64 | 50 | 10 | 33.3% | 44 |
| Q2 2020 | $6.6B | 147 | 11 | 53 | 78 | 12 | 31.7% | 45 |
| Q1 2020 | $5.7B | 148 | 12 | 65 | 56 | 10 | 32.6% | 44 |
| Q4 2019 | $8.0B | 146 | 7 | 57 | 70 | 5 | 29.3% | 45 |
| Q3 2019 | $7.5B | 144 | 1 | 48 | 68 | 10 | 27.8% | 45 |
| Q2 2019 | $8.0B | 153 | 7 | 47 | 86 | 8 | 25.8% | 45 |
| Q1 2019 | $8.0B | 154 | 3 | 47 | 87 | 6 | 26.8% | 45 |
| Q4 2018 | $7.2B | 157 | 0 | 0 | 0 | 0 | 26.2% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.