ARIEL INVESTMENTS, LLC

PrivateCIK: 936753

Location

CHICAGO, IL

106

Positions

$10.03B

Total AUM (reported)

212.64M

Total Shares

Allocation by class

COM$7.03B70.1%

CL A$1.21B12.1%

COM NEW$493.27M4.9%

COM CL A$483.25M4.8%

SHS$376.47M3.8%

ORD CL A$212.29M2.1%

COM SHS$104.89M1.0%

Portfolio Concentration

Top 3$1.19B11.9%

4–10$2.12B21.1%

11–25$3.32B33.1%

Rest$3.40B33.9%

Top 3 weight

11.9%

Top 10 weight

33.0%

Voting Authority Distribution

Total shares with voting rights: 212.64M

Sole

Full voting authority

184.05M

% of voting shares86.6%

Shared

Joint voting authority

249.21K

% of voting shares0.1%

None

No voting authority

28.34M

% of voting shares13.3%

Investment Discretion (by position count)

Sole45

Shared0

Other61

Dominant voting typeSole · 86.6% of voting shares

Institutional Holdings106

Rows:

MADISON SQUARE GARDEN ENTMT

OTR

COM CL A

Shares5.30M

TypeSH

Market value$428.94M

4.28%

Sole

4.73M

Shared

0.00

None

573.90K

ONESPAWORLD HOLDINGS LIMITED

OTR

COM

Shares14.89M

TypeSH

Market value$420.44M

4.19%

Sole

13.02M

Shared

0.00

None

1.87M

CHARLES RIV LABS INTL INC

OTR

COM

Shares1.51M

TypeSH

Market value$341.59M

3.41%

Sole

1.38M

Shared

0.00

None

125.36K

AFFILIATED MANAGERS GROUP

OTR

COM

Shares999.68K

TypeSH

Market value$338.29M

3.37%

Sole

857.67K

Shared

0.00

None

142K

JONES LANG LASALLE INC

OTR

COM

Shares1.06M

TypeSH

Market value$328.63M

3.28%

Sole

939.98K

Shared

0.00

None

120.28K

NORWEGIAN CRUISE LINE HLDGS

OTR

SHS

Shares15.43M

TypeSH

Market value$325.75M

3.25%

Sole

13.74M

Shared

0.00

None

1.70M

GENERAC HLDGS INC

OTR

COM

Shares997.95K

TypeSH

Market value$292.21M

2.91%

Sole

875.95K

Shared

0.00

None

122K

SPHERE ENTERTAINMENT CO

OTR

CL A

Shares1.67M

TypeSH

Market value$288.15M

2.87%

Sole

1.45M

Shared

0.00

None

215.22K

MIDDLEBY CORP

OTR

COM

Shares1.64M

TypeSH

Market value$282.79M

2.82%

Sole

1.49M

Shared

0.00

None

152.18K

MADISON SQUARE GRDN SPRT COR

OTR

CL A

Shares658.55K

TypeSH

Market value$264.63M

2.64%

Sole

578.68K

Shared

0.00

None

79.87K

ENVISTA HOLDINGS CORPORATION

OTR

COM

Shares9.82M

TypeSH

Market value$258.71M

2.58%

Sole

8.72M

Shared

0.00

None

1.09M

ZEBRA TECHNOLOGIES CORPORATI

OTR

CL A

Shares923K

TypeSH

Market value$242.99M

2.42%

Sole

813.53K

Shared

0.00

None

109.47K

LAZARD INC

OTR

COM

Shares5.76M

TypeSH

Market value$241.38M

2.41%

Sole

5.20M

Shared

0.00

None

559.79K

BIO RAD LABS INC

OTR

CL A

Shares816.75K

TypeSH

Market value$239.81M

2.39%

Sole

740.68K

Shared

0.00

None

76.07K

PRESTIGE CONSMR HEALTHCARE I

OTR

COM

Shares4.87M

TypeSH

Market value$230.14M

2.29%

Sole

4.40M

Shared

0.00

None

469.46K

BOK FINL CORP

OTR

COM NEW

Shares1.63M

TypeSH

Market value$226.02M

2.25%

Sole

1.45M

Shared

0.00

None

173.84K

FIRST AMERN FINL CORP

OTR

COM

Shares3.23M

TypeSH

Market value$221.53M

2.21%

Sole

2.74M

Shared

0.00

None

489.79K

COVISTA INC

OTR

COM

Shares1.77M

TypeSH

Market value$220.88M

2.20%

Sole

1.54M

Shared

0.00

None

232.07K

MATTEL INC

OTR

COM

Shares15.42M

TypeSH

Market value$213.97M

2.13%

Sole

14.35M

Shared

0.00

None

1.06M

MOHAWK INDS INC

OTR

COM

Shares1.76M

TypeSH

Market value$213.15M

2.13%

Sole

1.57M

Shared

0.00

None

182.52K

MANCHESTER UTD PLC NEW

OTR

ORD CL A

Shares9.26M

TypeSH

Market value$212.29M

2.12%

Sole

8.44M

Shared

0.00

None

815.23K

GENTEX CORP

OTR

COM

Shares8.31M

TypeSH

Market value$209.99M

2.09%

Sole

7.58M

Shared

0.00

None

727.80K

SMUCKER J M CO

OTR

COM NEW

Shares1.80M

TypeSH

Market value$202.37M

2.02%

Sole

1.64M

Shared

0.00

None

156.15K

BOYD GAMING CORP

OTR

COM

Shares2.18M

TypeSH

Market value$192.77M

1.92%

Sole

1.91M

Shared

0.00

None

275.50K

CARLYLE GROUP INC

OTR

COM

Shares4.55M

TypeSH

Market value$191.55M

1.91%

Sole

4.08M

Shared

0.00

None

470.17K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
MADISON SQUARE GARDEN ENTMTOTR	COM CL A	5.30M	SH	$428.94M 4.28%	4.73M	573.90K
ONESPAWORLD HOLDINGS LIMITEDOTR	COM	14.89M	SH	$420.44M 4.19%	13.02M	1.87M
CHARLES RIV LABS INTL INCOTR	COM	1.51M	SH	$341.59M 3.41%	1.38M	125.36K
AFFILIATED MANAGERS GROUPOTR	COM	999.68K	SH	$338.29M 3.37%	857.67K	142K
JONES LANG LASALLE INCOTR	COM	1.06M	SH	$328.63M 3.28%	939.98K	120.28K
NORWEGIAN CRUISE LINE HLDGSOTR	SHS	15.43M	SH	$325.75M 3.25%	13.74M	1.70M
GENERAC HLDGS INCOTR	COM	997.95K	SH	$292.21M 2.91%	875.95K	122K
SPHERE ENTERTAINMENT COOTR	CL A	1.67M	SH	$288.15M 2.87%	1.45M	215.22K
MIDDLEBY CORPOTR	COM	1.64M	SH	$282.79M 2.82%	1.49M	152.18K
MADISON SQUARE GRDN SPRT COROTR	CL A	658.55K	SH	$264.63M 2.64%	578.68K	79.87K
ENVISTA HOLDINGS CORPORATIONOTR	COM	9.82M	SH	$258.71M 2.58%	8.72M	1.09M
ZEBRA TECHNOLOGIES CORPORATIOTR	CL A	923K	SH	$242.99M 2.42%	813.53K	109.47K
LAZARD INCOTR	COM	5.76M	SH	$241.38M 2.41%	5.20M	559.79K
BIO RAD LABS INCOTR	CL A	816.75K	SH	$239.81M 2.39%	740.68K	76.07K
PRESTIGE CONSMR HEALTHCARE IOTR	COM	4.87M	SH	$230.14M 2.29%	4.40M	469.46K
BOK FINL CORPOTR	COM NEW	1.63M	SH	$226.02M 2.25%	1.45M	173.84K
FIRST AMERN FINL CORPOTR	COM	3.23M	SH	$221.53M 2.21%	2.74M	489.79K
COVISTA INCOTR	COM	1.77M	SH	$220.88M 2.20%	1.54M	232.07K
MATTEL INCOTR	COM	15.42M	SH	$213.97M 2.13%	14.35M	1.06M
MOHAWK INDS INCOTR	COM	1.76M	SH	$213.15M 2.13%	1.57M	182.52K
MANCHESTER UTD PLC NEWOTR	ORD CL A	9.26M	SH	$212.29M 2.12%	8.44M	815.23K
GENTEX CORPOTR	COM	8.31M	SH	$209.99M 2.09%	7.58M	727.80K
SMUCKER J M COOTR	COM NEW	1.80M	SH	$202.37M 2.02%	1.64M	156.15K
BOYD GAMING CORPOTR	COM	2.18M	SH	$192.77M 1.92%	1.91M	275.50K
CARLYLE GROUP INCOTR	COM	4.55M	SH	$191.55M 1.91%	4.08M	470.17K

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