Ariel Investments 13F, Q4 2025
John Rogers · quarter ending 31 December 2025 · filed 13 February 2026 · SEC CIK 936753
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2025
The 25 largest of 108 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| MADISON SQUARE GARDEN ENTMT | MSGE | $370.83M | 4.0% | -11% shares |
| AFFILIATED MANAGERS GROUP IN | AMG | $340.81M | 3.7% | -7% shares |
| NORWEGIAN CRUISE LINE HLDG L | $320.32M | 3.5% | +19% shares | |
| SPHERE ENTERTAINMENT CO | SPHR | $301.26M | 3.3% | -47% shares |
| JONES LANG LASALLE INC | JLL | $300.55M | 3.3% | -6% shares |
| ONESPAWORLD HOLDINGS LIMITED | $290.59M | 3.1% | +6% shares | |
| CHARLES RIV LABS INTL INC | CRL | $284.81M | 3.1% | -4% shares |
| ENVISTA HOLDINGS CORPORATION | NVST | $259.88M | 2.8% | unchanged |
| LAZARD INC | LAZ | $257.21M | 2.8% | unchanged |
| PRESTIGE CONSMR HEALTHCARE I | PBH | $253.08M | 2.7% | +14% shares |
| MATTEL INC | MAT | $248.64M | 2.7% | -9% shares |
| FIRST AMERN FINL CORP | FAF | $240.67M | 2.6% | +5% shares |
| CARLYLE GROUP INC | CG | $233.50M | 2.5% | -7% shares |
| MIDDLEBY CORP | MIDD | $231.72M | 2.5% | +22% shares |
| BIO RAD LABS INC | BIO | $231.69M | 2.5% | -6% shares |
| CORE LABORATORIES INC | CLB | $218.99M | 2.4% | unchanged |
| RESIDEO TECHNOLOGIES INC | REZI | $214.98M | 2.3% | -9% shares |
| BOK FINL CORP | BOKF | $200.12M | 2.2% | unchanged |
| BOYD GAMING CORP | BYD | $199.48M | 2.1% | -10% shares |
| ADTALEM GLOBAL ED INC | CVSA | $196.35M | 2.1% | +47% shares |
| GENERAC HLDGS INC | GNRC | $194.18M | 2.1% | -3% shares |
| MOHAWK INDS INC | MHK | $187.56M | 2.0% | unchanged |
| MADISON SQUARE GRDN SPRT COR | MSGS | $186.87M | 2.0% | unchanged |
| GENTEX CORP | GNTX | $183.60M | 2.0% | +9% shares |
| ADT INC DEL | ADT | $173.98M | 1.9% | -2% shares |
What changed since Q3 2025
Against the Q3 2025 filing, Ariel Investments opened 10 new positions, added to 20, trimmed 44, left 34 unchanged and exited 9. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
and 2 more
Exited
- APTIV PLCwas $99.18M
- INTERPUBLIC GROUP COS INCwas $89.05M
- VZwas $51.28M
- WALwas $22.41M
- DHIwas $21.81M
- ALLwas $14.97M
- VXUSwas $5.18M
- VTwas $3.81M
and 1 more
Other quarters
Source: SEC Form 13F-HR, accession 0000936753-26-000017, 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.