ARIEL INVESTMENTS LLC
Q1 2025 Form 13-F

CHICAGO, ILLINOIS
CIK 0000936753 · CRD 108211 · SEC-registered investment adviser
Consolidated report · includes 2 managers since Q4 2021
$8.5B Reported Value Total

ARIEL INVESTMENTS, LLC reports 168 total accounts under management (AUM). There are 168 discretionary accounts valued at $12,369,706,772, and 0 non-discretionary accounts.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary Manager
Firm Brochure (Part 2A) Client Relationship Summary (Form CRS)
Private funds (Form ADV)
3 funds · $205.5M gross asset value
Other: $205.5M
Source: Form ADV filed 2026-07-28
Reported value
$8.5B
Quarter over quarter
-6.5%
Holdings
106
Top-10 concentration
27.9%

Filing Structure

Reports holdings for

Holdings reported by

Key People

Form ADV owners & control persons
Mellody Louise Hobson Lucas
MEMBER OF ARIEL INVESTMENTS HOLDING COMPANY, LLC
John Washington Rogers
SHAREHOLDER IN ACMI, INC., A MEMBER OF ARIEL INVESTMENTS HOLDING COMPANY, LLC
Charles Kellogg Bobrinskoy
VICE CHAIRMAN
Q4 2024
Q2 2025
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Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

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Q1 2025 13F filing summary

Period of report March 31, 2025
Filed May 15, 2025
Form 13F-HR
Reported value $8.5B
Positions 106
Change in reported value -9.2%
New positions 5
Exited positions 9
Position turnover 12.2%
Top-10 concentration 27.9%

13F filings by quarter

Quarter Positions Value
Q2 2026 13F
Filed Aug 14, 2026
 106 $10.0B
Q1 2026 13F
Filed May 14, 2026
 106 $8.9B
Q4 2025 13F
Filed Feb 13, 2026
 108 $9.3B
Q3 2025 13F
Filed Nov 14, 2025
 107 $9.4B
Q2 2025 13F
Filed Aug 14, 2025
 104 $8.8B
Q1 2025 13F
Filed May 15, 2025
 106 $8.5B
Q4 2024 13F
Filed Feb 14, 2025
 110 $9.4B
Q3 2024 13F
Filed Nov 13, 2024
 110 $9.8B
Q2 2024 13F
Filed Aug 14, 2024
 115 $9.2B
Q1 2024 13F
Filed May 14, 2024
 115 $10.2B
Q4 2023 13F
Filed Feb 14, 2024
 114 $10.0B
Q3 2023 13F
Filed Nov 14, 2023
 115 $9.4B
Q2 2023 13F
Filed Aug 14, 2023
 116 $10.6B
Q1 2023 13F
Filed May 12, 2023
 114 $10.4B
Q4 2022 13F
Filed Feb 14, 2023
 116 $9.8B
Q3 2022 13F
Filed Nov 14, 2022
 114 $9.1B
Q2 2022 13F
Filed Aug 12, 2022
 112 $10.0B
Q1 2022 13F
Filed May 13, 2022
 106 $11.3B
Q4 2021 13F
Filed Feb 14, 2022
 104 $11.9B
Q3 2021 13F
Filed Nov 12, 2021
 109 $10.9B

33 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q1 2025

# Holding Reported value % of portfolio
1 MAT MATTEL INC $269.3M 3.16%
2 JLL JONES LANG LASALLE INC $256.9M 3.02%
3 MSGE MADISON SQUARE GARDEN ENTMT $254.6M 2.99%
4 LAZ LAZARD INC $243.3M 2.86%
5 FAF FIRST AMERN FINL CORP $242.2M 2.85%
6 AMG AFFILIATED MANAGERS GROUP IN $236.4M 2.78%
7 SJM SMUCKER J M CO $222.8M 2.62%
8 ADT ADT INC DEL $220.2M 2.59%
9 PBH PRESTIGE CONSMR HEALTHCARE I $216.6M 2.54%
10 CG CARLYLE GROUP INC $210.9M 2.48%
11 NVST ENVISTA HOLDINGS CORPORATION $209.6M 2.46%
12 SPHR SPHERE ENTERTAINMENT CO $206.1M 2.42%
13 GNRC GENERAC HLDGS INC $204.7M 2.4%
14 BYD BOYD GAMING CORP $203.9M 2.4%
15 MHK MOHAWK INDS INC $199.1M 2.34%
16 NTRS NORTHERN TR CORP $193.1M 2.27%
17 BOKF BOK FINL CORP $188.3M 2.21%
18 ATGE ADTALEM GLOBAL ED INC $186.9M 2.2%
19 OSW ONESPAWORLD HOLDINGS LIMITED $179.9M 2.11%
20 BIO BIO RAD LABS INC $176.5M 2.07%

Values as reported on the Q1 2025 Form 13F. Every position is in the holdings table below.

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