Institutional Manager · CIK 0000936753
ARIEL INVESTMENTS, LLC
CHICAGO, IL · File #028-04003
Latest AUM
$9.26B
Positions
202
Top-10 Concentration
35.9%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | SPHERE ENTERTAINMENT CO | SPHR | -2,814,711 | -$267.6M | +$191.4M |
| EXITED | APTIV PLC | G3265R107 | -1,150,265 | -$99.2M | $0 |
| EXITED | INTERPUBLIC GROUP COS INC | 460690100 | -2,911,232 | -$81.3M | $0 |
| NEW | OMNICOM GROUP INC | OMC | +993,553 | +$80.2M | $0 |
| ADD | ADTALEM GLOBAL ED INC | ADT | +591,029 | +$61.2M | -$63.2M |
| NEW | DENTSPLY SIRONA INC | XRAY | +5,274,740 | +$60.3M | $0 |
| ADD | ZEBRA TECHNOLOGIES CORPORATI | ZBRA | +219,837 | +$53.4M | -$12.7M |
| EXITED | VERIZON COMMUNICATIONS INC | 92343V104 | -1,166,712 | -$51.3M | $0 |
| ADD | NORWEGIAN CRUISE LINE HLDG L | NCLH | +2,280,351 | +$50.9M | -$26.2M |
| REDUCE | MADISON SQUARE GARDEN ENTMT | 558256103 | -853,583 | -$46.0M | +$65.2M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025202 pos · $9.26B
- 13F HOLDINGS REPORTQ/E Sep 2025201 pos · $9.35B
- 13F HOLDINGS REPORTQ/E Jun 2025199 pos · $8.82B
- 13F HOLDINGS REPORTQ/E Mar 2025200 pos · $8.51B
- 13F HOLDINGS REPORTQ/E Dec 2024204 pos · $9.37B
- 13F HOLDINGS REPORTQ/E Sep 2024204 pos · $9.79B
- 13F HOLDINGS REPORTQ/E Jun 2024209 pos · $9.24B
- 13F HOLDINGS REPORTQ/E Mar 2024209 pos · $10.17B
- 13F HOLDINGS REPORTQ/E Dec 2023213 pos · $9.45B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | MADISON SQUARE GARDEN ENTMT | 558256103 | 6,682,194 | $360.1M | 4.52% |
| 2 | AFFILIATED MANAGERS GROUP IN | MGRE | 1,127,708 | $325.1M | 4.08% |
| 3 | NORWEGIAN CRUISE LINE HLDG L | NCLH | 13,643,301 | $304.5M | 3.82% |
| 4 | JONES LANG LASALLE INC | JLL | 854,746 | $287.6M | 3.61% |
| 5 | SPHERE ENTERTAINMENT CO | SPHR | 2,993,222 | $284.6M | 3.57% |
| 6 | CHARLES RIV LABS INTL INC | 159864107 | 1,383,908 | $276.1M | 3.47% |
| 7 | ONESPAWORLD HOLDINGS LIMITED | OSW | 13,117,463 | $272.1M | 3.42% |
| 8 | ENVISTA HOLDINGS CORPORATION | NVST | 11,703,449 | $254.1M | 3.19% |
| 9 | LAZARD INC | LAZ | 5,136,786 | $249.4M | 3.13% |
| 10 | PRESTIGE CONSMR HEALTHCARE I | 74112D101 | 3,965,411 | $244.6M | 3.07% |
| 11 | MATTEL INC | MAT | 12,030,150 | $238.7M | 3.00% |
| 12 | FIRST AMERN FINL CORP | 31847R102 | 3,739,120 | $229.7M | 2.88% |
| 13 | BIO RAD LABS INC | 090572207 | 747,195 | $226.4M | 2.84% |
| 14 | MIDDLEBY CORP | MIDD | 1,506,602 | $224.0M | 2.81% |
| 15 | CARLYLE GROUP INC | CGABL | 3,725,027 | $220.2M | 2.76% |
| 16 | CORE LABORATORIES INC | CLB | 13,270,317 | $212.7M | 2.67% |
| 17 | RESIDEO TECHNOLOGIES INC | REZI | 5,777,945 | $202.9M | 2.55% |
| 18 | BOK FINL CORP | 05561Q201 | 1,629,336 | $193.0M | 2.42% |
| 19 | BOYD GAMING CORP | BYD | 2,237,836 | $190.8M | 2.40% |
| 20 | ADTALEM GLOBAL ED INC | ADT | 1,830,560 | $189.4M | 2.38% |