Ariel Investments portfolio

What changed this quarter

103 positions with a change (7 new, 31 added to, 57 trimmed, 8 sold); also, 1 entered through a spin-off. 10 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Haemonetics+1.5 ppof portfolioNew
  — → 1.5%
• Sphere Entertainment−32%fewer sharesReduced
  3.2% → 2.9%
• RLI+189%more sharesIncreased
  0.6% → 1.5%
• Masco+212%more sharesIncreased
  0.4% → 1.3%
• Generac Holdings−23%fewer sharesReduced
  2.8% → 2.9%
• Algonquin Power & Utilities−66%fewer sharesReduced
  1.3% → 0.4%
• Madison Square Garden Entertainment−13%fewer sharesReduced
  4.0% → 4.3%
• Intel−62%fewer sharesReduced
  0.7% → 0.8%
• Knowles−40%fewer sharesReduced
  1.1% → 0.9%
• nVent Electric−50%fewer sharesReduced
  0.8% → 0.5%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Madison Square Garden EntertainmentMSGE4.3%
• OneSpaWorld HoldingsOSW4.2%
• Charles River Laboratories InternationalCRL3.4%
• Affiliated Managers GroupAMG3.4%
• Jones Lang LaSalleJLL3.3%
• Norwegian Cruise Line HoldingsNCLH3.2%
• Generac HoldingsGNRC2.9%
• Sphere EntertainmentSPHR2.9%
• MiddlebyMIDD2.8%
• Madison Square Grdn Sprt CORMSGS2.6%
• Envista HoldingsNVST2.6%
• Zebra TechnologiesZBRA2.4%
• LazardLAZ2.4%
• BIO RAD LabsBIO2.4%
• Prestige Consumer HealthcarePBH2.3%
• BOK FinancialBOKF2.3%
• First American FinancialFAF2.2%
• CovistaCVSA2.2%
• MattelMAT2.1%
• Mohawk IndustriesMHK2.1%
• Manchester UnitedMANU2.1%
• GentexGNTX2.1%
• J M SmuckerSJM2.0%
• Boyd GamingBYD1.9%
• Carlyle GroupCG1.9%
• Resideo TechnologiesREZI1.9%
• Northern TrustNTRS1.7%
• Core LaboratoriesCLB1.6%
• HaemoneticsHAE1.5%
• RLIRLI1.5%
• MascoMAS1.3%
• Axalta Coating SystemsAXTA1.2%
• ADTADT1.2%
• Labcorp HoldingsLH1.0%
• Scotts Miracle-GroSMG1.0%
• KnowlesKN0.9%
• Brink’sBCO0.9%
• Omnicom GroupOMC0.9%
• Dentsply SironaXRAY0.8%
• Lindblad Expeditions HoldingsLIND0.8%
• IntelINTC0.8%
• CVS HealthCVS0.8%
• LittelfuseLFUS0.7%
• Walt DisneyDIS0.6%
• First SolarFSLR0.6%
• GCM GrosvenorGCMG0.5%
• SLBSLB0.5%
• Factset Research SystemsFDS0.5%
• Keysight TechnologiesKEYS0.5%
• nVent ElectricNVT0.5%
• PPLPPL0.5%
• Charles SchwabSCHW0.5%
• WEXWEX0.5%
• CBRE GroupCBRE0.5%
• M&t BankMTB0.4%
• Bristol-myers SquibbBMY0.4%
• At&tT0.4%
• KKRKKR0.4%
• Algonquin Power & UtilitiesAQN0.4%
• DynatraceDT0.3%
• Hewlett Packard EnterpriseHPE0.3%
• Houlihan LokeyHLI0.3%
• Fifth Third BancorpFITB0.3%
• Korn FerryKFY0.3%
• FedExFDX0.3%
• Bank of AmericaBAC0.3%
• AflacAFL0.3%
• FiservFISV0.3%
• Gilead SciencesGILD0.2%
• Leslie’sLESL0.2%
• Capital One FinancialCOF0.2%
• Royal Caribbean CruisesRCL0.2%
• Simpson ManufacturingSSD0.2%
• Centerpoint EnergyCNP0.2%
• CarmaxKMX0.2%
• iShares Russell 2000 Value E ETFIWN0.2%
• Vail ResortsMTN0.1%
• ProgressivePGR0.1%
• Snap-onSNA0.1%
• MGP IngredientsMGPI0.1%
• PhiniaPHIN0.1%
• Johnson & JohnsonJNJ0.1%
• Taiwan Semiconductor ManufacturingTSM0.1%
• FedEx Freight HoldingFDXF0.1%
• Barrick MiningB0.1%
• APAAPA0.1%
• ChevronCVX0.1%
• Lockheed MartinLMT0.1%
• Vanguard Ftse Developed ETFVEA0.1%
• Vanguard International Equity Index FVTunder 0.1%
• Arthur J. GallagherAJGunder 0.1%
• BorgwarnerBWAunder 0.1%
• KB Financial GroupKBunder 0.1%
• MosaicMOSunder 0.1%
• Joint Stock Company Kaspi.kzKSPIunder 0.1%
• OracleORCLunder 0.1%
• Columbia EM Core Ex-china ETFXCEMunder 0.1%
• Vanguard International Equity Index FVWOunder 0.1%
• Hdfc BankHDBunder 0.1%
• Motorola SolutionsMSIunder 0.1%