SEC 13F Intelligence

Managers / Q3 2019 · view latest →

ARIEL INVESTMENTS, LLC

CIK 0000936753 · 200 EAST RANDOLPH STREET, SUITE 2900, CHICAGO, IL, 60601 · (312) 726-0140

Reported Value
$7.5B
Q3 2019
Positions
144
Filings on Record
30
2019–present window
Filed
Nov 14, 2019
original filing

Summary

Ariel Investments, LLC reported $7.5B in U.S.-listed holdings across 144 positions for Q3 2019.

Its largest position, MSFT, represents 4.0% of the portfolio.

Compared with Q2 2019, the fund opened 1 new position and exited 10.

Portfolio Metrics

Turnover
+3.3%
vs prior filed quarter
Top-10 Concentration
+27.8%
share of reported value
Largest Position
+4.0%
Microsoft
New / Exited
1 / 10
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $7.2BQ4 ’18Q1 ’19: $8.0BQ2 ’19: $8.0BQ3 ’19: $7.5BQ4 ’19: $8.0BQ4 ’19Q1 ’20: $5.7BQ2 ’20: $6.6BQ3 ’20: $6.9BQ4 ’20: $8.9BQ4 ’20Q1 ’21: $10.2BQ2 ’21: $10.6BQ3 ’21: $10.9BQ4 ’21: $11.9BQ4 ’21Q1 ’22: $11.3BQ2 ’22: $10.0BQ3 ’22: $9.1BQ4 ’22: $9.8BQ4 ’22Q1 ’23: $10.4BQ2 ’23: $10.6BQ3 ’23: $9.4BQ4 ’23: $10.0BQ4 ’23Q1 ’24: $10.2BQ2 ’24: $9.2BQ3 ’24: $9.8BQ4 ’24: $9.4BQ4 ’24Q1 ’25: $8.5BQ2 ’25: $8.8BQ3 ’25: $9.4BQ4 ’25: $9.3BQ4 ’25Q1 ’26: $8.9Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 82.3%Other: 11.5%ADR: 5.3%ETP: 0.8%Closed-End Fund: 0.1%REIT: 0.1%
  • Common Stock · 82.3% · $6.2B
  • Other · 11.5% · $861M
  • ADR · 5.3% · $396M
  • ETP · 0.8% · $61M
  • Closed-End Fund · 0.1% · $6M
  • REIT · 0.1% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AquaVenture Holdings LimitedNEW+112.3K112.3K+$2M$2M
ENZBEnzo Biochem, Inc.ADDED+702.7K1.03M+$3M$4M
Equity CommonwealthADDED+45.0K81.0K+$2M$3M
Vanguard Total World Stock Index Fd (ETF)ADDED+128.7K241.4K+$10M$18M
Core Laboratories N.V.SOLD OUT−449.0K0−$23M$0
SOSouthern Co.SOLD OUT−279.4K0−$15M$0
OXYOccidental Petroleum Corp.SOLD OUT−293.2K0−$15M$0
Banco Santander Mexico SA ADRSOLD OUT−1.69M0−$13M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2019

144 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corp.history →COMMON4.00%$301M2.16M
24I1Philip Morris Intl, Inc.history →COMMON3.81%$286M3.76M
3FAFFirst American Financial Corp.history →COMMON2.95%$222M3.76M
4Lazard Ltd.COMMON2.75%$206M5.89M
5IPGInterpublic Group of Cos., Inc.history →COMMON2.61%$196M9.07M
6BIDUBaidu, Inc. ADRhistory →ADR2.58%$193M1.88M
7MATMattel, Inc.history →COMMON2.33%$175M15.37M
8KMTKennametal, Inc.history →COMMON2.28%$171M5.58M
9NTRSNorthern Trust Corp.history →COMMON2.27%$170M1.82M
10SRCLEURStericycle Inc.history →COMMON2.23%$167M3.29M
11SJMJ.M. Smucker Co.history →COMMON2.22%$167M1.51M
12GILDGilead Sciences, Inc.history →COMMON2.10%$158M2.49M
13KKRKKR & Co Inc.history →COMMON2.09%$157M5.85M
14Laboratory Corp. of America HoldingsCOMMON2.01%$151M898.4K
15SNASnap-on, Inc.history →COMMON1.95%$146M934.0K
16MSGNMSG Networks, Inc.history →COMMON1.87%$141M8.67M
17Nielsen Holdings plcCOMMON1.64%$123M5.79M
18JNJJohnson & Johnsonhistory →COMMON1.64%$123M949.4K
19BRK/BBerkshire Hathaway Inc.history →COMMON1.61%$121M580.5K
20KEYSKeysight Technologies, Inc.history →COMMON1.59%$119M1.22M
21SSDSimpson Manufacturing Co., Inc.history →COMMON1.56%$117M1.68M
22JLLJLLhistory →COMMON1.49%$112M806.2K
23Charles River Laboratories Intl, Inc.COMMON1.48%$111M841.6K
24NOKNokia Corp. ADRhistory →ADR1.48%$111M21.93M
25SLCAUSDU.S. Silica Holdings, Inc.history →COMMON1.44%$108M11.34M
26ZBRAZebra Technologies Corp.history →COMMON1.44%$108M523.9K
27TAPMolson Coors Brewing Co.history →COMMON1.37%$103M1.79M
28TGNATEGNA, Inc.history →COMMON1.30%$98M6.29M
29CBRECBRE Group, Inc.history →COMMON1.28%$96M1.81M
30VIABViacom, Inc.history →COMMON1.26%$94M3.93M
31SWKStanley Black & Decker, Inc.history →COMMON1.24%$93M642.1K
32BOKFBOK Financial Corp.history →COMMON1.23%$92M1.16M
33BACVerizon Communications Inc.history →COMMON1.16%$87M1.44M
34AFLAflac, Inc.history →COMMON1.13%$85M1.62M
35MTSCMTS Systems Corp.history →COMMON1.09%$82M1.48M
36MHKMohawk Industries, Inc.history →COMMON1.09%$82M657.9K
37KNKnowles Corporationhistory →COMMON1.00%$75M3.68M
38BIOBio-Rad Laboratories, Inc.history →COMMON0.99%$75M224.2K
39PGRProgressive Corp.history →COMMON0.99%$75M964.7K
40ZBHZimmer Biomet Holdings, Inc.history →COMMON0.96%$72M527.3K
41BWABorgWarner, Inc.history →COMMON0.96%$72M1.97M
42Royal Caribbean Cruises Ltd.COMMON0.95%$72M661.6K
43LFUSLittelfuse, Inc.history →COMMON0.95%$71M402.4K
44EOGEOG Resources Inc.history →COMMON0.91%$68M922.8K
45Amdocs Ltd.COMMON0.86%$65M976.3K
46SLBSchlumberger Ltd.history →COMMON0.86%$64M1.88M
47GlaxoSmithKline plc ADRADR0.81%$61M1.43M
48CBS Corp.COMMON0.76%$57M1.42M
49Willis Towers Watson plcSHS0.70%$53M274.0K
50OMCOmnicom Group, Inc.history →COMMON0.66%$50M634.1K
51HLIHoulihan Lokey, Inc.history →COMMON0.66%$49M1.09M
52MDPUSDMeredith Corp.history →COMMON0.66%$49M1.34M
53PXDEURPioneer Natural Resources Cohistory →COMMON0.65%$49M389.4K
54Anixter Intl, Inc.COMMON0.65%$49M707.8K
55MASMasco Corporationhistory →COMMON0.65%$49M1.17M
56AMGAffiliated Managers Group, Inc.history →COMMON0.65%$49M586.7K
57MSGSThe Madison Square Garden Co.history →COMMON0.63%$47M179.0K
58Janus Henderson Group plcORD SHS0.60%$45M2.01M
59China Mobile Ltd. ADRADR0.59%$45M1.08M
60DGXQuest Diagnostics Inc.history →COMMON0.59%$44M411.1K
61ITWIllinois Tool Works, Inc.history →COMMON0.58%$43M276.3K
62BCOBrink's Co.history →COMMON0.55%$42M501.4K
63CAHCardinal Health, Inc.history →COMMON0.54%$41M860.4K
64GNRCGenerac Holdings Inc.history →COMMON0.49%$37M473.8K
65KMXCarMax Inc.history →COMMON0.49%$37M419.0K
66CVSAAdtalem Global Education, Inc.history →COMMON0.48%$36M953.9K
67W3UWestern Union Co.history →COMMON0.48%$36M1.56M
68TMOThermo Fisher Scientific, Inc.history →COMMON0.45%$33M114.8K
69TIFEURTiffany & Co.history →COMMON0.44%$33M354.2K
70Vanguard FTSE Developed ETFETF0.43%$32M784.2K
71FLRFluor Corp.history →COMMON0.42%$32M1.66M
72MEIMethode Electronics Inc.history →COMMON0.41%$31M917.9K
73BRCBrady Corp.history →COMMON0.40%$30M562.4K
74TPRTapestry, Inc.history →COMMON0.37%$28M1.06M
75TISIUSDTeam, Inc.history →COMMON0.35%$26M1.45M
76NOVEURNational Oilwell Varcohistory →COMMON0.31%$23M1.10M
77BXBlackstone Group Inchistory →COMMON0.30%$23M466.0K
78TSTenaris ADRhistory →ADR0.30%$22M1.06M
79BSACBanco Santander-Chile ADRhistory →ADR0.29%$22M785.5K
80JWNUSDNordstrom, Inc.history →COMMON0.27%$20M606.9K
81KFYKorn/Ferry Internationalhistory →COMMON0.25%$19M479.5K
82Vanguard Total World Stock Index Fd (ETF)ETF0.24%$18M241.4K
83TILEInterface, Inc.history →COMMON0.21%$16M1.12M
84USBU.S. Bancorphistory →COMMON0.21%$16M283.5K
85FICOFair Isaac Corp.history →COMMON0.21%$16M51.1K
86KIN1USDKindred Biosciences, Inc.history →COMMON0.17%$13M1.91M
87COSTCostco Wholesale Corp.history →COMMON0.17%$13M44.6K
88WOOFoot Locker, Inc.history →COMMON0.15%$12M268.4K
89HMNHorace Mann Educators Corp.history →COMMON0.15%$11M245.3K
90COWNEURCowen Inc.history →COMMON0.15%$11M709.3K
91ORCLOracle Corp.history →COMMON0.14%$11M194.3K
92iShares Russell 2000V ETFETF0.13%$10M83.0K
93HNGRUSDHanger, Inc.history →COMMON0.13%$10M485.3K
94ORBCORBCOMM, Inc.history →COMMON0.13%$10M2.07M
95Ballantyne Strong, Inc.COMMON0.13%$9M3.05M
96LMTLockheed Martin Corp.history →COMMON0.13%$9M24.3K
97RSTRosetta Stone Inc.history →COMMON0.13%$9M544.6K
98Mitcham Industries, Inc.COMMON0.12%$9M2.83M
99CNTCentury Casinos, Inc.history →COMMON0.12%$9M1.18M
100GRBKGreen Brick Partners Inc.history →COMMON0.11%$8M791.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$8.9B200May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$9.3B202Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$9.4B201Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$8.8B199Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$8.5B200May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$9.4B204Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$9.8B204Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$9.2B209Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$10.2B209May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$10.0B210Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$9.4B213Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$10.6B255Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$10.4B250May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$9.8B252Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$9.1B251Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$10.0B246Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$11.3B240May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$11.9B161Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$10.9B116Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$10.6B117Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$10.2B142May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$8.9B145Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$6.9B148Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$6.6B153Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$5.7B148May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$8.0B146Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$7.5B144Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$8.0B153Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$8.0B154May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$7.2B157Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.