John Rogers, Ariel Investments

Portfolio USD 10,029,167,000 across 106 positions as of 2026 Q2; history from 2024 Q1. Source: quarterly 13F filings via dataroma.com.

Positions, 2026 Q2

• MSGE Madison Square Garden Entertainment Corp.: 4.3% of portfolio, USD 428,940,000, reduce -13.15%
• OSW OneSpaWorld Holdings Ltd: 4.2% of portfolio, USD 420,443,000, reduce -3.53%
• CRL Charles River Labs: 3.4% of portfolio, USD 341,588,000, add +4.29%
• AMG Affiliated Managers Group: 3.4% of portfolio, USD 338,290,000, reduce -6.05%
• JLL Jones Lang Lasalle Inc.: 3.3% of portfolio, USD 328,629,000, add +3.51%
• NCLH Norwegian Cruise Line Hlgs Ltd.: 3.3% of portfolio, USD 325,748,000, add +5.25%
• GNRC Generac Holdings Inc.: 2.9% of portfolio, USD 292,210,000, reduce -22.93%
• SPHR Sphere Entertainment Co.: 2.9% of portfolio, USD 288,151,000, reduce -32.37%
• MIDD Middleby Corp.: 2.8% of portfolio, USD 282,785,000, add +4.41%
• MSGS Madison Square Garden Sports Corp.: 2.6% of portfolio, USD 264,633,000, reduce -8.2%
• NVST Envista Holdings Corp.: 2.6% of portfolio, USD 258,708,000, reduce -9.62%
• ZBRA Zebra Technologies Corp.: 2.4% of portfolio, USD 242,988,000, add +18.73%
• LAZ Lazard Inc.: 2.4% of portfolio, USD 241,381,000, reduce -1.22%
• BIO Bio-Rad Laboratories Inc.: 2.4% of portfolio, USD 239,806,000, add +3.92%
• PBH Prestige Consumer Healthcare: 2.3% of portfolio, USD 230,143,000, add +13.91%
• BOKF BOK Financial Corp.: 2.3% of portfolio, USD 226,015,000, reduce -1.36%
• FAF First Amer'n Corp.: 2.2% of portfolio, USD 221,526,000, reduce -15.87%
• ATGE Adtalem Global Education: 2.2% of portfolio, USD 220,878,000, reduce -8.26%
• MAT Mattel Inc.: 2.1% of portfolio, USD 213,974,000, add +13.63%
• MHK Mohawk Industries: 2.1% of portfolio, USD 213,150,000, add +0.69%
• MANU Manchester United plc: 2.1% of portfolio, USD 212,292,000, add +2.3%
• GNTX Gentex Corp.: 2.1% of portfolio, USD 209,988,000, reduce -0.39%
• SJM J.M. Smucker Co: 2.0% of portfolio, USD 202,373,000, reduce -3.31%
• BYD Boyd Gaming Corp.: 1.9% of portfolio, USD 192,766,000, reduce -4.05%
• CG Carlyle Group: 1.9% of portfolio, USD 191,545,000, add +14.24%
• REZI Resideo Technologies Inc.: 1.9% of portfolio, USD 190,987,000, add +1.02%
• NTRS Northern Trust Corp.: 1.7% of portfolio, USD 169,031,000, reduce -14.79%
• CLB Core Laboratories Inc.: 1.6% of portfolio, USD 163,973,000, add +6.87%
• HAE Haemonetics Corp.: 1.5% of portfolio, USD 154,572,000, new
• RLI RLI Corp.: 1.5% of portfolio, USD 148,829,000, add +188.93%
• MAS Masco Corp.: 1.3% of portfolio, USD 133,048,000, add +212.38%
• AXTA Axalta Coating Systems Ltd.: 1.2% of portfolio, USD 118,469,000, reduce -0.14%
• ADT ADT Inc.: 1.2% of portfolio, USD 116,080,000, reduce -8.3%
• LH Labcorp Holdings Inc.: 1.0% of portfolio, USD 97,752,000, reduce -1.39%
• SMG Scotts Miracle-Gro Co.: 1.0% of portfolio, USD 96,102,000, add +46.57%
• KN Knowles Corp.: 0.9% of portfolio, USD 94,768,000, reduce -40.17%
• BCO Brink's Co.: 0.9% of portfolio, USD 86,111,000, reduce -1.26%
• OMC Omnicom Group: 0.9% of portfolio, USD 85,536,000, add +6.29%
• XRAY DENTSPLY SIRONA Inc.: 0.9% of portfolio, USD 85,157,000, add +25.67%
• LIND Lindblad Expeditions Hldgs Inc.: 0.8% of portfolio, USD 78,013,000, reduce -19.67%
• INTC Intel Corp.: 0.8% of portfolio, USD 76,633,000, reduce -62.29%
• CVS CVS Health Corp.: 0.8% of portfolio, USD 75,530,000, add +3.98%
• LFUS Littelfuse Inc.: 0.7% of portfolio, USD 74,390,000, reduce -24.16%
• DIS Walt Disney Co.: 0.6% of portfolio, USD 61,162,000, reduce -2.89%
• FSLR First Solar Inc.: 0.6% of portfolio, USD 57,209,000, reduce -10.69%
• GCMG Gcm Grosvenor Inc Class A: 0.5% of portfolio, USD 54,315,000, add +0.44%
• SLB Schlumberger Ltd.: 0.5% of portfolio, USD 54,083,000, reduce -5.99%
• FDS FactSet Research Systems: 0.5% of portfolio, USD 53,861,000, add +4.02%
• KEYS Keysight Technologies Inc.: 0.5% of portfolio, USD 51,009,000, reduce -28.69%
• NVT nVent Electric plc: 0.5% of portfolio, USD 50,719,000, reduce -49.86%
• PPL PPL Corp.: 0.5% of portfolio, USD 49,072,000, new
• SCHW Charles Schwab Corp.: 0.5% of portfolio, USD 48,469,000, add +30.37%
• WEX WEX Inc.: 0.5% of portfolio, USD 46,755,000, reduce -1.88%
• CBRE CBRE Group: 0.5% of portfolio, USD 46,270,000, add +30.54%
• MTB M&T Bank Corp.: 0.4% of portfolio, USD 41,550,000, reduce -1.72%
• BMY Bristol-Myers Squibb: 0.4% of portfolio, USD 40,128,000, reduce -3.51%
• T AT&T Inc.: 0.4% of portfolio, USD 39,835,000, add +29.23%
• KKR KKR & Co. L.P.: 0.4% of portfolio, USD 38,936,000, reduce -3.45%
• AQN Algonquin Power & Utilities: 0.4% of portfolio, USD 38,726,000, reduce -66.35%
• DT Dynatrace Inc.: 0.4% of portfolio, USD 34,623,000, new
• HPE Hewlett Packard Enterprise: 0.3% of portfolio, USD 33,894,000, reduce -54.72%
• HLI Houlihan Lokey Inc.: 0.3% of portfolio, USD 32,797,000, new
• FITB Fifth Third Bancorp: 0.3% of portfolio, USD 31,267,000, reduce -2.25%
• KFY Korn Ferry: 0.3% of portfolio, USD 29,969,000, reduce -2.87%
• FDX FedEx Corp.: 0.3% of portfolio, USD 29,896,000, reduce -3.48%
• BAC Bank of America Corp.: 0.3% of portfolio, USD 28,067,000, reduce -3.82%
• AFL AFLAC Inc.: 0.3% of portfolio, USD 27,697,000, reduce -1.27%
• FISV Fiserv Inc.: 0.3% of portfolio, USD 26,738,000, add +26.02%
• GILD Gilead Sciences: 0.3% of portfolio, USD 24,719,000, reduce -3.27%
• LESL Leslie's Inc.: 0.2% of portfolio, USD 24,526,000, reduce -16.18%
• COF Capital One Financial: 0.2% of portfolio, USD 21,735,000, new
• RCL Royal Caribbean Cruises Ltd.: 0.2% of portfolio, USD 21,329,000, add +3760.52%
• SSD Simpson Manufacturing: 0.2% of portfolio, USD 20,848,000, add +8.54%
• CNP CenterPoint Energy: 0.2% of portfolio, USD 20,264,000, reduce -3.51%
• KMX CarMax Inc.: 0.2% of portfolio, USD 18,328,000, reduce -38.33%
• IWN Ishares Russell 2000 Value E: 0.2% of portfolio, USD 16,965,000, add +17.18%
• MTN Vail Resorts Inc.: 0.2% of portfolio, USD 14,858,000, reduce -2.83%
• PGR Progressive Corp.: 0.1% of portfolio, USD 12,868,000, add +5732.28%
• SNA Snap-On Inc.: 0.1% of portfolio, USD 11,645,000, reduce -11.25%
• MGPI MGP Ingredients Inc.: 0.1% of portfolio, USD 10,700,000, reduce -2.88%
• PHIN PHINIA Inc.: 0.1% of portfolio, USD 9,324,000, reduce -14.61%
• JNJ Johnson & Johnson: 0.1% of portfolio, USD 8,989,000, reduce -12.72%
• TSM Taiwan Semiconductor S.A.: 0.1% of portfolio, USD 8,519,000, add +10.85%
• FDXF FedEx Freight Holding Co.: 0.1% of portfolio, USD 7,208,000, new
• B Barrick Mining Corp.: 0.1% of portfolio, USD 7,144,000, reduce -6.17%
• APA APA Corp.: 0.1% of portfolio, USD 6,075,000, reduce -16.04%
• CVX Chevron Corp.: 0.1% of portfolio, USD 5,740,000, reduce -16.56%
• LMT Lockheed Martin Corp.: 0.1% of portfolio, USD 5,627,000, reduce -15.78%
• VEA Vanguard FTSE Developed ETF: 0.1% of portfolio, USD 5,414,000, new
• VT Vanguard Tot World Stk ETF: <0.1% of portfolio, USD 4,385,000, add +180.42%
• AJG Arthur J. Gallagher & Co.: <0.1% of portfolio, USD 4,269,000, reduce -5.9%
• BWA BorgWarner Inc.: <0.1% of portfolio, USD 3,655,000, reduce -15.29%
• KB Kb Financial Group Inc ADR: <0.1% of portfolio, USD 2,813,000, reduce -46.36%
• MOS Mosaic Co.: <0.1% of portfolio, USD 2,619,000, reduce -16.67%
• KSPI Jsc Kaspi.kz ADR: <0.1% of portfolio, USD 2,046,000, add +3.92%
• ORCL Oracle Corp.: <0.1% of portfolio, USD 2,012,000, reduce -16.11%
• XCEM Columbia Em Core Ex China: <0.1% of portfolio, USD 882,000, add +96.92%
• VWO Vanguard FTSE Emerging Marke: <0.1% of portfolio, USD 601,000, reduce -50.28%
• HDB HDFC Bank Ltd.: 0.0% of portfolio, USD 363,000, hold
• MSI Motorola Solutions Inc.: 0.0% of portfolio, USD 287,000, reduce -0.57%
• KMT Kennametal Inc.: 0.0% of portfolio, USD 274,000, reduce -99.1%
• ZBH Zimmer Biomet Holdings: 0.0% of portfolio, USD 258,000, reduce -0.5%
• BRC Brady Corp.: 0.0% of portfolio, USD 252,000, reduce -0.62%
• FICO Fair Isaac Corp.: 0.0% of portfolio, USD 243,000, reduce -0.49%
• IWD Ishares Russell 1000 Value E: 0.0% of portfolio, USD 217,000, new
• IWS Ishares Russell Mid Cap Valu: 0.0% of portfolio, USD 188,000, hold

Portfolio value, all published quarters

• 2024 Q1: USD 10,168,816,272
• 2024 Q2: USD 9,236,550,796
• 2024 Q3: USD 9,797,698,749
• 2024 Q4: USD 9,369,641,364
• 2025 Q1: USD 8,509,612,903
• 2025 Q2: USD 8,825,826,307
• 2025 Q3: USD 9,348,491,129
• 2025 Q4: USD 9,257,658,049
• 2026 Q1: USD 8,933,371,349
• 2026 Q2: USD 10,029,167,000