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Portfolio (Quarterly) Guide ↗

ARIEL INVESTMENTS, LLC

· CIK 0000936753
13F Portfolio $8.9B AUM 200 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 8 New 42 Added 47 Reduced 10 Exited
Page 2 of 3  ·  47 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 SLB SLB LIMITED Energy 1,237,399.0 $63.6M 0.71% -48K -3.7% $51.39 +10.0%
22 LIND LINDBLAD EXPEDITIONS HLDGS I Consumer Cyclical 3,439,063.0 $59.5M 0.67% -1.7M -32.8% $17.30 +23.6%
23 KEYS KEYSIGHT TECHNOLOGIES INC Technology 204,324.0 $57.7M 0.65% -54K -20.9% $282.37 +17.4%
24 CVS CVS HEALTH CORP Healthcare 702,151.0 $50.4M 0.56% -123K -14.9% $71.82 +35.2%
25 BMY BRISTOL-MYERS SQUIBB CO Healthcare 721,731.0 $43.8M 0.49% -11K -1.5% $60.65 -8.4%
26 GCMG GCM GROSVENOR INC Financial Services 4,396,403.0 $43.1M 0.48% -112K -2.5% $9.80 +10.7%
27 MTB M & T BK CORP Financial Services 177,635.0 $36.7M 0.41% -3K -1.5% $206.72 +7.7%
28 KMT KENNAMETAL INC Industrials 869,000.0 $31.4M 0.35% -1.5M -63.5% $36.13 -8.0%
29 KFY KORN FERRY Industrials 463,417.0 $29.2M 0.33% -3K -0.6% $62.95 +15.4%
30 SWK STANLEY BLACK & DECKER INC Industrials 396,952.0 $28.2M 0.32% -24K -5.8% $71.06 +10.5%
31 GILD GILEAD SCIENCES INC Healthcare 202,271.0 $28.2M 0.32% -3K -1.4% $139.37 -8.1%
32 BAC BANK AMERICA CORP Financial Services 512,111.0 $25.0M 0.28% -5K -1.0% $48.75 +10.0%
33 MSFT MICROSOFT CORP Technology 62,192.0 $23.0M 0.26% -110K -63.9% $370.17 +11.2%
34 PSKY PARAMOUNT SKYDANCE CORP Communication Services 2,546,320.0 $23.0M 0.26% -41K -1.6% $9.02 +15.2%
35 CNP CENTERPOINT ENERGY INC Utilities 476,867.0 $20.6M 0.23% -520K -52.2% $43.16 -3.0%
36 JNJ JOHNSON & JOHNSON Healthcare 40,553.0 $9.9M 0.11% -3K -6.3% $244.44 -5.0%
37 APA APA CORPORATION Energy 222,147.0 $9.4M 0.11% -75K -25.3% $42.44 -11.3%
38 PHIN PHINIA INC Consumer Cyclical 132,555.0 $9.1M 0.10% -8K -5.4% $68.44 +17.6%
39 B BARRICK MNG CORP Basic Materials 207,277.0 $8.5M 0.10% -9K -4.1% $40.79 -3.3%
40 LMT LOCKHEED MARTIN CORP Industrials 13,114.0 $7.9M 0.09% -332.0 -2.5% $604.39 -14.0%
Page 2 of 3  ·  47 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Consumer Cyclical 20.4%
Financial Services 20.2%
Healthcare 15.6%
Industrials 13.8%
Communication Services 10.6%
Technology 7.3%
Real Estate 4.2%
Consumer Defensive 2.6%
Basic Materials 2.0%
Utilities 1.7%