Ariel Investments

John Rogers

Period

Q1 2026

Portfolio Date

Mar 31, 2026

Stocks Held

106

Market Value

$8.9B

Portfolio Analysis

AIPreview
Full report in app

I. Institutional Overview

John Rogers and his firm, Ariel Investments, have long been synonymous with a specific, disciplined brand of value investing that prioritizes patience, fundamental rigor, and a contrarian spirit. As of the first quarter of 2026, the firm’s portfolio reflects a sophisticated evolution of this "slow and steady" philosophy, managing a total reported market...

The institutional portrait of Ariel Investments during this period is one of calculated stability and selective aggression. With 106 distinct holdings, the portfolio demonstrates a balanced approach between high-conviction concentration and prudent diversification. While the firm is not afraid to place large bets on its top ideas—with the top ten holdings...

The portfolio snapshot as of March 31, 2026, reveals an institution that is actively navigating a complex macroeconomic landscape. The total portfolio value of $8.93 billion indicates a robust capital base, and the management of 106 stocks suggests that the firm is finding ample opportunities in the current market, even as it remains disciplined about its...

Based on the latest available 13F filing.

Open full report in app

Holdings Value Trend

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Top 5 Holdings

1

$MSGE

Madison Square Garden Entertainment Corp.

4.0%

% of Portfolio

2

$OSW

OneSpaWorld Holdings Limited

4.0%

% of Portfolio

3

$JLL

Jones Lang LaSalle Incorporated

3.5%

% of Portfolio

4

$AMG

Affiliated Managers Group, Inc.

3.3%

% of Portfolio

5

$SPHR

Sphere Entertainment Co.

3.2%

% of Portfolio

Historical Positions

SymbolQ1 2026Q4 2025Q3 2025Q2 2025
MSGE4.0%4.0%3.7%3.6%
OSW4.0%3.1%3.0%3.0%
JLL3.5%3.3%3.0%2.9%
AMG3.3%3.7%3.2%3.0%
SPHR3.2%3.3%4.0%3.4%
NVST3.1%2.8%--
NCLH3.1%3.5%3.2%2.8%
PBH2.8%2.7%--
GNRC2.8%-2.6%2.9%
CRL2.8%3.1%--

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

INTC+165.04%
GNRC+31.74%
MSGE+26.07%
KN+53.62%
SPHR+28.42%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

CLB-21.08%
NCLH+1.93%
PBH-19.74%
BIO+4.91%
ATGE-9.90%

Sector Analysis

Energy3.4%
Others1.6%
Materials2.0%
Financials18.9%
Healthcare14.6%
Technology7.4%
Industrials12.7%
Real Estate3.9%

Trading Summary

1

$SMG

0.7%

2

$FITB

0.3%

3

$ETF-VT

0.0%

4

$ETF-VWO

0.0%

5

$RCL

0.0%

6

$ETF-IWS

0.0%

7

$ETF-VXUS

0.0%

8

$ETF-XCEM

0.0%

All Holdings

1

$MSGE

4.0%

2

$OSW

4.0%

3

$JLL

3.5%

4

$AMG

3.3%

5

$SPHR

3.2%

6

$NVST

3.1%

7

$NCLH

3.1%

8

$PBH

2.8%

9

$GNRC

2.8%

10

$CRL

2.8%

11

$LAZ

2.8%

12

$FAF

2.6%

13

$MSGS

2.6%

14

$ATGE

2.5%

15

$CLB

2.5%

16

$BIO

2.5%

17

$BOKF

2.4%

18

$MIDD

2.3%

19

$REZI

2.3%

20

$MAT

2.2%

21

$CG

2.2%

22

$BYD

2.1%

23

$GNTX

2.0%

24

$SJM

2.0%

25

$MHK

1.9%

26

$ZBRA

1.8%

27

$NTRS

1.8%

28

$MANU

1.7%

29

$ADT

1.4%

30

$AQN

1.4%

31

$KN

1.1%

32

$AXTA

1.1%

33

$BCO

1.1%

34

$LH

1.1%

35

$OMC

0.9%

36

$XRAY

0.8%

37

$LFUS

0.8%

38

$NVT

0.8%

39

$INTC

0.7%

40

$SLB

0.7%

41

$DIS

0.7%

42

$LIND

0.7%

43

$SMG

0.7%

44

$KEYS

0.7%

45

$FSLR

0.6%

46

$WEX

0.6%

47

$CVS

0.6%

48

$RLI

0.6%

49

$FDS

0.6%

50

$BMY

0.5%