ARIEL INVESTMENTS, LLC 13F: Quarter-over-Quarter Portfolio Changes
ARIEL INVESTMENTS, LLC reported a disclosed portfolio value of approximately $17.9 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 3.5% quarter on quarter. Over the quarter, the manager initiated 8 new positions, bought more shares in 45 holdings, trimmed 51 holdings, and exited 10 positions.
ARIEL INVESTMENTS, LLC's top buy was a new stake in Scotts Miracle-Gro CO (SMG) , equal to 0.7% of the disclosed portfolio. Its top sell was Check Point Software Technologies LTD. (CHKP) . The manager exited the position completely after it had accounted for 0.9% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| SCOTTS MIRACLE-GRO CO | SMG | 0.7% | Holders → |
| FIFTH THIRD BANCORP | FITB | 0.3% | Holders → |
| VANGUARD TOT WORLD STK ETF | VT | 0.0% | Holders → |
| VANGUARD INTL EQUITY INDEX F | VWO | 0.0% | Holders → |
| ROYAL CARIBBEAN GROUP | RCL | 0.0% | Holders → |
| VANGUARD STAR FDS | VXUS | 0.0% | Holders → |
| COLUMBIA ETF TR II | XCEM | 0.0% | Holders → |
| ISHARES TR | IWS | 0.0% | Holders → |
Top BuysQ1 2026
Showing the top 10 buys among 45 existing positions where the manager bought more shares in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| RLI CORP | RLI | +0.3% | +133.7% | Holders → |
| ISHARES TR | IWN | +0.1% | +96.4% | Holders → |
| FACTSET RESH SYS INC | FDS | +0.2% | +79.4% | Holders → |
| JSC KASPI.KZ | KSPI | +0.0% | +72.5% | Holders → |
| KKR & CO INC | KKR | +0.1% | +65.9% | Holders → |
| ZEBRA TECHNOLOGIES CORPORATI | ZBRA | +0.6% | +63.4% | Holders → |
| TAIWAN SEMIC-ADR | TSM | +0.0% | +58.4% | Holders → |
| FEDEX CORP | FDX | +0.2% | +38.5% | Holders → |
| FISERV, INC. | FISV | +0.0% | +34.7% | Holders → |
| INTERCORP FINL SVCS INC | IFS | +0.0% | +34.0% | Holders → |
Top SellsQ1 2026
Showing the top 10 sells among 51 existing positions where the manager sold shares in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| MICROSOFT | MSFT | -0.6% | 63.9% | Holders → |
| KENNAMETAL INC | KMT | -0.4% | 63.5% | Holders → |
| CENTERPOINT ENERGY INC | CNP | -0.2% | 52.2% | Holders → |
| LINDBLAD EXPEDITIONS HLDGS I | LIND | -0.1% | 32.8% | Holders → |
| AXALTA COATING SYS LTD | AXTA | -0.6% | 28.7% | Holders → |
| APA CORPORATION | APA | 0.0% | 25.3% | Holders → |
| SPHERE ENTERTAINMENT CO | SPHR | -0.0% | 22.3% | History → |
| KEYSIGHT TECHNOLOGIES INC | KEYS | 0.1% | 20.9% | Holders → |
| CVS HEALTH CORP | CVS | -0.1% | 14.9% | Holders → |
| MADISON SQUARE GARDEN ENTMT | MSGE | 0.0% | 11.3% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| CHECK POINT SOFTWARE TECHNOLOGIES LTD. | CHKP | 0.9% |
| JANUS HENDERSON GROUP PLC | JHG | 0.6% |
| CAPITAL ONE FINL CORP | COF | 0.4% |
| WEBSTER FINL CORP | WBS | 0.4% |
| NETAPP INC | NTAP | 0.4% |
| HUMANA INC | HUM | 0.2% |
| GOLDMAN SACHS GROUP INC | GS | 0.0% |
| VANGUARD TAX-MANAGED FDS | VEA | 0.0% |
| COPA HOLDINGS SA | CPA | 0.0% |
| ISHARES TR | IWD | 0.0% |
Net Portfolio Value ChangeQ1 2026
- $18.5BPrior quarter
- $17.9BCurrent quarter
- $-0.6BNet delta
- -3.5%% change
Methodology & FAQ
How ARIEL INVESTMENTS, LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for ARIEL INVESTMENTS, LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did ARIEL INVESTMENTS, LLC buy in Q1 2026?
In Q1 2026, ARIEL INVESTMENTS, LLC initiated 8 new positions (SCOTTS MIRACLE-GRO CO (SMG), FIFTH THIRD BANCORP (FITB), VANGUARD TOT WORLD STK ETF (VT), VANGUARD INTL EQUITY INDEX F (VWO), ROYAL CARIBBEAN GROUP (RCL), VANGUARD STAR FDS (VXUS), COLUMBIA ETF TR II (XCEM), ISHARES TR (IWS)); bought more shares of RLI CORP (RLI), ISHARES TR (IWN), FACTSET RESH SYS INC (FDS), JSC KASPI.KZ (KSPI), KKR & CO INC (KKR) — the largest 5 of 45 adds.
What stocks did ARIEL INVESTMENTS, LLC sell in Q1 2026?
In Q1 2026, ARIEL INVESTMENTS, LLC fully sold 10 positions (CHECK POINT SOFTWARE TECHNOLOGIES LTD. (CHKP), JANUS HENDERSON GROUP PLC (JHG), CAPITAL ONE FINL CORP (COF), WEBSTER FINL CORP (WBS), NETAPP INC (NTAP), HUMANA INC (HUM), GOLDMAN SACHS GROUP INC (GS), VANGUARD TAX-MANAGED FDS (VEA), COPA HOLDINGS SA (CPA), ISHARES TR (IWD)); reduced holdings in MICROSOFT (MSFT), KENNAMETAL INC (KMT), CENTERPOINT ENERGY INC (CNP), LINDBLAD EXPEDITIONS HLDGS I (LIND), AXALTA COATING SYS LTD (AXTA) — the largest 5 of 51 reductions.
Which positions did ARIEL INVESTMENTS, LLC initiate in Q1 2026?
ARIEL INVESTMENTS, LLC established 8 new positions in Q1 2026: SCOTTS MIRACLE-GRO CO (SMG, 0.7%), FIFTH THIRD BANCORP (FITB, 0.3%), VANGUARD TOT WORLD STK ETF (VT, 0.0%), VANGUARD INTL EQUITY INDEX F (VWO, 0.0%), ROYAL CARIBBEAN GROUP (RCL, 0.0%), VANGUARD STAR FDS (VXUS, 0.0%), COLUMBIA ETF TR II (XCEM, 0.0%), ISHARES TR (IWS, 0.0%).
Which existing positions saw the largest allocation increases for ARIEL INVESTMENTS, LLC in Q1 2026?
Of 45 existing positions with share-count increases in Q1 2026, the largest were: RLI CORP (RLI, +0.3% weight, +133.7% shares), ISHARES TR (IWN, +0.1% weight, +96.4% shares), FACTSET RESH SYS INC (FDS, +0.2% weight, +79.4% shares), JSC KASPI.KZ (KSPI, +0.0% weight, +72.5% shares), KKR & CO INC (KKR, +0.1% weight, +65.9% shares), ZEBRA TECHNOLOGIES CORPORATI (ZBRA, +0.6% weight, +63.4% shares), TAIWAN SEMIC-ADR (TSM, +0.0% weight, +58.4% shares), FEDEX CORP (FDX, +0.2% weight, +38.5% shares), FISERV, INC. (FISV, +0.0% weight, +34.7% shares), INTERCORP FINL SVCS INC (IFS, +0.0% weight, +34.0% shares).
Which positions did ARIEL INVESTMENTS, LLC fully exit in Q1 2026?
ARIEL INVESTMENTS, LLC fully exited 10 positions in Q1 2026: CHECK POINT SOFTWARE TECHNOLOGIES LTD. (CHKP, last-reported weight 0.9%), JANUS HENDERSON GROUP PLC (JHG, last-reported weight 0.6%), CAPITAL ONE FINL CORP (COF, last-reported weight 0.4%), WEBSTER FINL CORP (WBS, last-reported weight 0.4%), NETAPP INC (NTAP, last-reported weight 0.4%), HUMANA INC (HUM, last-reported weight 0.2%), GOLDMAN SACHS GROUP INC (GS, last-reported weight 0.0%), VANGUARD TAX-MANAGED FDS (VEA, last-reported weight 0.0%), COPA HOLDINGS SA (CPA, last-reported weight 0.0%), ISHARES TR (IWD, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for ARIEL INVESTMENTS, LLC in Q1 2026?
Of 51 existing positions with share-count reductions in Q1 2026, the largest were: MICROSOFT (MSFT, -0.6% weight, -63.9% shares), KENNAMETAL INC (KMT, -0.4% weight, -63.5% shares), CENTERPOINT ENERGY INC (CNP, -0.2% weight, -52.2% shares), LINDBLAD EXPEDITIONS HLDGS I (LIND, -0.1% weight, -32.8% shares), AXALTA COATING SYS LTD (AXTA, -0.6% weight, -28.7% shares), APA CORPORATION (APA, 0.0% weight, -25.3% shares), SPHERE ENTERTAINMENT CO (SPHR, -0.0% weight, -22.3% shares), KEYSIGHT TECHNOLOGIES INC (KEYS, 0.1% weight, -20.9% shares), CVS HEALTH CORP (CVS, -0.1% weight, -14.9% shares), MADISON SQUARE GARDEN ENTMT (MSGE, 0.0% weight, -11.3% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.