Ariel Investments 13F, Q3 2025
John Rogers · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 936753
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
The 25 largest of 107 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| SPHERE ENTERTAINMENT CO | SPHR | $372.36M | 4.0% | -16% shares |
| MADISON SQUARE GARDEN ENTMT | MSGE | $350.05M | 3.7% | -2% shares |
| AFFILIATED MANAGERS GROUP IN | AMG | $301.33M | 3.2% | -7% shares |
| NORWEGIAN CRUISE LINE HLDG L | $297.64M | 3.2% | -2% shares | |
| RESIDEO TECHNOLOGIES INC | REZI | $289.21M | 3.1% | -25% shares |
| JONES LANG LASALLE INC | JLL | $283.62M | 3.0% | -5% shares |
| ONESPAWORLD HOLDINGS LIMITED | $278.83M | 3.0% | unchanged | |
| LAZARD INC | LAZ | $276.88M | 3.0% | -9% shares |
| CARLYLE GROUP INC | CG | $265.43M | 2.8% | -10% shares |
| GENERAC HLDGS INC | GNRC | $245.61M | 2.6% | -19% shares |
| ENVISTA HOLDINGS CORPORATION | NVST | $244.53M | 2.6% | -3% shares |
| FIRST AMERN FINL CORP | FAF | $239.31M | 2.6% | +6% shares |
| CHARLES RIV LABS INTL INC | CRL | $233.14M | 2.5% | +5% shares |
| MATTEL INC | MAT | $231.59M | 2.5% | -3% shares |
| BIO RAD LABS INC | BIO | $226.97M | 2.4% | unchanged |
| BOYD GAMING CORP | BYD | $224.98M | 2.4% | -8% shares |
| PRESTIGE CONSMR HEALTHCARE I | PBH | $224.33M | 2.4% | +63% shares |
| MOHAWK INDS INC | MHK | $218.79M | 2.3% | unchanged |
| GENTEX CORP | GNTX | $204.27M | 2.2% | unchanged |
| ADTALEM GLOBAL ED INC | CVSA | $199.99M | 2.1% | -6% shares |
| ADT INC DEL | ADT | $192.22M | 2.1% | -5% shares |
| BOK FINL CORP | BOKF | $191.62M | 2.0% | -4% shares |
| NORTHERN TR CORP | NTRS | $172.91M | 1.9% | -7% shares |
| CORE LABORATORIES INC | CLB | $170.24M | 1.8% | +6% shares |
| MIDDLEBY CORP | MIDD | $169.24M | 1.8% | +36% shares |
What changed since Q2 2025
Against the Q2 2025 filing, Ariel Investments opened 8 new positions, added to 24, trimmed 45, left 30 unchanged and exited 5. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0000936753-25-000089, filed by ARIEL INVESTMENTS, LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.