ARIEL INVESTMENTS, LLC — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, ARIEL INVESTMENTS, LLC initiated 8 new positions, increased allocation to 10 existing positions, trimmed 10 positions, and exited 10 positions entirely. The fund's 13F equity book declined from $18.52B to $17.87B (-3.5% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $18.52BPrior quarter
- $17.87BCurrent quarter
- $-0.65BNet delta
- -3.5%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| SCOTTS MIRACLE-GRO CO | SMG | 0.66% | Holders → |
| FIFTH THIRD BANCORP | FITB | 0.30% | Holders → |
| VANGUARD TOT WORLD STK ETF | VT | 0.02% | Holders → |
| VANGUARD INTL EQUITY INDEX F | VWO | 0.01% | Holders → |
| ROYAL CARIBBEAN GROUP | RCL | 0.01% | Holders → |
| VANGUARD STAR FDS | VXUS | 0.00% | Holders → |
| COLUMBIA ETF TR II | XCEM | 0.00% | Holders → |
| ISHARES TR | IWS | 0.00% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| RLI CORP | RLI | +0.30% | +133.68% | Holders → |
| ISHARES TR | IWN | +0.07% | +96.45% | Holders → |
| FACTSET RESH SYS INC | FDS | +0.15% | +79.41% | Holders → |
| KASPI KZ JSC | KSPI | +0.01% | +72.52% | Holders → |
| KKR & CO INC | KKR | +0.09% | +65.87% | Holders → |
| ZEBRA TECHNOLOGIES CORPORATI | ZBRA | +0.57% | +63.40% | Holders → |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | +0.03% | +58.35% | Holders → |
| FEDEX CORP | FDX | +0.17% | +38.53% | Holders → |
| FISERV, INC. | FISV | +0.04% | +34.74% | Holders → |
| INTERCORP FINL SVCS INC | IFS | +0.01% | +34.03% | Holders → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| MICROSOFT CORP | MSFT | -0.64% | -63.94% | Holders → |
| KENNAMETAL INC | KMT | -0.38% | -63.45% | Holders → |
| CENTERPOINT ENERGY INC | CNP | -0.18% | -52.16% | Holders → |
| LINDBLAD EXPEDITIONS HLDGS I | LIND | -0.13% | -32.82% | Holders → |
| AXALTA COATING SYS LTD | AXTA | -0.62% | -28.73% | Holders → |
| APA CORPORATION | APA | 0.03% | -25.29% | Holders → |
| SPHERE ENTERTAINMENT CO | SPHR | -0.02% | -22.29% | History → |
| KEYSIGHT TECHNOLOGIES INC | KEYS | 0.08% | -20.90% | Holders → |
| CVS HEALTH CORP | CVS | -0.14% | -14.90% | Holders → |
| MADISON SQUARE GARDEN ENTMT | MSGE | 0.02% | -11.27% | History → |
Exited Positions Q1 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 | 0.93% |
| JANUS HENDERSON GROUP PLC | JHG | 0.60% |
| CAPITAL ONE FINL CORP | COF | 0.42% |
| WEBSTER FINL CORP | WBS | 0.39% |
| NETAPP INC | NTAP | 0.37% |
| HUMANA INC | HUM | 0.23% |
| GOLDMAN SACHS GROUP INC | GS | 0.03% |
| VANGUARD TAX-MANAGED FDS | VEA | 0.02% |
| COPA HOLDINGS SA | CPA | 0.01% |
| ISHARES TR | IWD | 0.00% |
Methodology & FAQ
How ARIEL INVESTMENTS, LLC Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for ARIEL INVESTMENTS, LLC against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
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, 0.66%), FIFTH THIRD BANCORP (FITB, 0.30%), VANGUARD TOT WORLD STK ETF (VT, 0.02%), VANGUARD INTL EQUITY INDEX F (VWO, 0.01%), ROYAL CARIBBEAN GROUP (RCL, 0.01%), VANGUARD STAR FDS (VXUS, 0.00%), COLUMBIA ETF TR II (XCEM, 0.00%), ISHARES TR (IWS, 0.00%).
Which existing positions saw the largest allocation increases for ARIEL INVESTMENTS, LLC in Q1 2026?
The largest portfolio-weight increases in existing positions were: RLI CORP (RLI, +0.30% weight, +133.68% shares), ISHARES TR (IWN, +0.07% weight, +96.45% shares), FACTSET RESH SYS INC (FDS, +0.15% weight, +79.41% shares), KASPI KZ JSC (KSPI, +0.01% weight, +72.52% shares), KKR & CO INC (KKR, +0.09% weight, +65.87% shares), ZEBRA TECHNOLOGIES CORPORATI (ZBRA, +0.57% weight, +63.40% shares), TAIWAN SEMICONDUCTOR MANUFAC (TSM, +0.03% weight, +58.35% shares), FEDEX CORP (FDX, +0.17% weight, +38.53% shares), FISERV, INC. (FISV, +0.04% weight, +34.74% shares), INTERCORP FINL SVCS INC (IFS, +0.01% weight, +34.03% 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 0.93%), JANUS HENDERSON GROUP PLC (JHG, last-reported weight 0.60%), CAPITAL ONE FINL CORP (COF, last-reported weight 0.42%), WEBSTER FINL CORP (WBS, last-reported weight 0.39%), NETAPP INC (NTAP, last-reported weight 0.37%), HUMANA INC (HUM, last-reported weight 0.23%), GOLDMAN SACHS GROUP INC (GS, last-reported weight 0.03%), VANGUARD TAX-MANAGED FDS (VEA, last-reported weight 0.02%), COPA HOLDINGS SA (CPA, last-reported weight 0.01%), ISHARES TR (IWD, last-reported weight 0.00%).
Which existing positions saw the largest allocation reductions for ARIEL INVESTMENTS, LLC in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: MICROSOFT CORP (MSFT, -0.64% weight, -63.94% shares), KENNAMETAL INC (KMT, -0.38% weight, -63.45% shares), CENTERPOINT ENERGY INC (CNP, -0.18% weight, -52.16% shares), LINDBLAD EXPEDITIONS HLDGS I (LIND, -0.13% weight, -32.82% shares), AXALTA COATING SYS LTD (AXTA, -0.62% weight, -28.73% shares), APA CORPORATION (APA, 0.03% weight, -25.29% shares), SPHERE ENTERTAINMENT CO (SPHR, -0.02% weight, -22.29% shares), KEYSIGHT TECHNOLOGIES INC (KEYS, 0.08% weight, -20.90% shares), CVS HEALTH CORP (CVS, -0.14% weight, -14.90% shares), MADISON SQUARE GARDEN ENTMT (MSGE, 0.02% weight, -11.27% 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.