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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 3 of 6  ·  106 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 DIS DISNEY WALT CO Communication Services 654,369.0 $63.1M 0.71% +97K +17.3% $96.38 +2.6%
42 LIND LINDBLAD EXPEDITIONS HLDGS I Consumer Cyclical 3,439,063.0 $59.5M 0.67% -1.7M -32.8% $17.30 +23.6%
43 SMG SCOTTS MIRACLE-GRO CO Basic Materials 962,642.0 $58.5M 0.66% NEW $60.81 -5.4%
44 KEYS KEYSIGHT TECHNOLOGIES INC Technology 204,324.0 $57.7M 0.65% -54K -20.9% $282.37 +17.4%
45 FSLR FIRST SOLAR INC Energy 271,480.0 $53.6M 0.60% +20K +7.9% $197.26 +39.6%
46 WEX WEX INC Technology 337,724.0 $51.7M 0.58% $153.04 -3.2%
47 CVS CVS HEALTH CORP Healthcare 702,151.0 $50.4M 0.56% -123K -14.9% $71.82 +35.2%
48 RLI RLI CORP Financial Services 872,033.0 $49.7M 0.56% +499K +133.7% $57.04 -8.6%
49 FDS FACTSET RESH SYS INC Financial Services 225,047.0 $48.8M 0.55% +100K +79.4% $216.99 +13.5%
50 BMY BRISTOL-MYERS SQUIBB CO Healthcare 721,731.0 $43.8M 0.49% -11K -1.5% $60.65 -8.4%
51 T AT&T INC Communication Services 1,489,147.0 $43.2M 0.48% +287K +23.8% $28.99 -22.4%
52 GCMG GCM GROSVENOR INC Financial Services 4,396,403.0 $43.1M 0.48% -112K -2.5% $9.80 +10.7%
53 KKR KKR & CO INC Financial Services 439,405.0 $40.6M 0.46% +174K +65.9% $92.50 +0.8%
54 HPE HEWLETT PACKARD ENTERPRISE C Technology 1,659,398.0 $39.5M 0.44% +338K +25.6% $23.81 +109.4%
55 SCHW SCHWAB CHARLES CORP Financial Services 402,927.0 $37.9M 0.42% +61K +17.7% $93.98 -6.3%
56 MTB M & T BK CORP Financial Services 177,635.0 $36.7M 0.41% -3K -1.5% $206.72 +7.7%
57 CBRE CBRE GROUP INC Real Estate 263,149.0 $35.6M 0.40% +52K +24.7% $135.46 -2.8%
58 FDX FEDEX CORP Industrials 98,918.0 $35.2M 0.39% +28K +38.5% $356.18 -7.3%
59 MAS MASCO CORP Industrials 523,429.0 $31.6M 0.35% +118K +29.1% $60.37 +14.2%
60 KMT KENNAMETAL INC Industrials 869,000.0 $31.4M 0.35% -1.5M -63.5% $36.13 -8.0%
Page 3 of 6  ·  106 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%