ARIEL INVESTMENTS, LLC

PrivateCIK: 936753

Location

CHICAGO, IL

106

Positions

$8.93B

Total AUM (reported)

226.69M

Total Shares

Allocation by class

COM$6.37B71.3%

CL A$995.66M11.1%

COM NEW$420.18M4.7%

COM CL A$402.76M4.5%

SHS$347.05M3.9%

ORD CL A$152.23M1.7%

COM SHS$102.91M1.2%

Portfolio Concentration

Top 3$1.03B11.5%

4–10$1.89B21.1%

11–25$3.11B34.8%

Rest$2.91B32.6%

Top 3 weight

11.5%

Top 10 weight

32.6%

Voting Authority Distribution

Total shares with voting rights: 226.69M

Sole

Full voting authority

190.73M

% of voting shares84.1%

Shared

Joint voting authority

433.01K

% of voting shares0.2%

None

No voting authority

35.53M

% of voting shares15.7%

Investment Discretion (by position count)

Sole44

Shared0

Other62

Dominant voting typeSole · 84.1% of voting shares

Institutional Holdings106

Rows:

MADISON SQUARE GARDEN ENTMT

OTR

COM CL A

Shares6.11M

TypeSH

Market value$359.68M

4.03%

Sole

5.52M

Shared

0.00

None

586.94K

ONESPAWORLD HOLDINGS LIMITED

OTR

COM

Shares15.43M

TypeSH

Market value$354.17M

3.96%

Sole

13.54M

Shared

0.00

None

1.90M

JONES LANG LASALLE INC

OTR

COM

Shares1.02M

TypeSH

Market value$311.71M

3.49%

Sole

911.61K

Shared

0.00

None

112.67K

AFFILIATED MANAGERS GROUP

OTR

COM

Shares1.06M

TypeSH

Market value$294.42M

3.30%

Sole

921.87K

Shared

0.00

None

142.16K

SPHERE ENTERTAINMENT CO

OTR

CL A

Shares2.46M

TypeSH

Market value$289.08M

3.24%

Sole

2.16M

Shared

0.00

None

300.68K

ENVISTA HOLDINGS CORPORATION

OTR

COM

Shares10.86M

TypeSH

Market value$275.61M

3.08%

Sole

9.77M

Shared

0.00

None

1.09M

NORWEGIAN CRUISE LINE HLDGS

OTR

SHS

Shares14.66M

TypeSH

Market value$274.17M

3.07%

Sole

13.10M

Shared

0.00

None

1.56M

PRESTIGE CONSMR HEALTHCARE I

OTR

COM

Shares4.27M

TypeSH

Market value$253.34M

2.84%

Sole

3.84M

Shared

0.00

None

436.88K

GENERAC HLDGS INC

OTR

COM

Shares1.29M

TypeSH

Market value$252.91M

2.83%

Sole

1.16M

Shared

0.00

None

131.76K

CHARLES RIV LABS INTL INC

OTR

COM

Shares1.44M

TypeSH

Market value$249.12M

2.79%

Sole

1.32M

Shared

0.00

None

119.33K

LAZARD INC

OTR

COM

Shares5.83M

TypeSH

Market value$247.50M

2.77%

Sole

5.27M

Shared

0.00

None

560.49K

FIRST AMERN FINL CORP

OTR

COM

Shares3.84M

TypeSH

Market value$231.45M

2.59%

Sole

3.34M

Shared

0.00

None

496.21K

MADISON SQUARE GRDN SPRT COR

OTR

CL A

Shares717.34K

TypeSH

Market value$230.55M

2.58%

Sole

637.39K

Shared

0.00

None

79.95K

COVISTA INC

OTR

COM

Shares1.93M

TypeSH

Market value$222.58M

2.49%

Sole

1.70M

Shared

0.00

None

230.36K

CORE LABORATORIES INC

OTR

COM

Shares13.17M

TypeSH

Market value$221.13M

2.48%

Sole

12.24M

Shared

0.00

None

935.31K

BIO RAD LABS INC

OTR

CL A

Shares785.96K

TypeSH

Market value$219.09M

2.45%

Sole

712.02K

Shared

0.00

None

73.94K

BOK FINL CORP

OTR

COM NEW

Shares1.65M

TypeSH

Market value$211.28M

2.36%

Sole

1.48M

Shared

0.00

None

174.04K

MIDDLEBY CORP

OTR

COM

Shares1.57M

TypeSH

Market value$208.75M

2.34%

Sole

1.44M

Shared

0.00

None

137.85K

RESIDEO TECHNOLOGIES INC

OTR

COM

Shares6.08M

TypeSH

Market value$204.92M

2.29%

Sole

5.39M

Shared

0.00

None

685.37K

MATTEL INC

OTR

COM

Shares13.57M

TypeSH

Market value$197.13M

2.21%

Sole

12.50M

Shared

0.00

None

1.07M

CARLYLE GROUP INC

OTR

COM

Shares3.98M

TypeSH

Market value$192.68M

2.16%

Sole

3.54M

Shared

0.00

None

438.08K

BOYD GAMING CORP

OTR

COM

Shares2.27M

TypeSH

Market value$186.91M

2.09%

Sole

1.97M

Shared

0.00

None

300.39K

GENTEX CORP

OTR

COM

Shares8.34M

TypeSH

Market value$182.28M

2.04%

Sole

7.61M

Shared

0.00

None

728.78K

SMUCKER J M CO

OTR

COM NEW

Shares1.86M

TypeSH

Market value$179.42M

2.01%

Sole

1.70M

Shared

0.00

None

156.17K

MOHAWK INDS INC

OTR

COM

Shares1.74M

TypeSH

Market value$171.78M

1.92%

Sole

1.56M

Shared

0.00

None

182.70K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
MADISON SQUARE GARDEN ENTMTOTR	COM CL A	6.11M	SH	$359.68M 4.03%	5.52M	586.94K
ONESPAWORLD HOLDINGS LIMITEDOTR	COM	15.43M	SH	$354.17M 3.96%	13.54M	1.90M
JONES LANG LASALLE INCOTR	COM	1.02M	SH	$311.71M 3.49%	911.61K	112.67K
AFFILIATED MANAGERS GROUPOTR	COM	1.06M	SH	$294.42M 3.30%	921.87K	142.16K
SPHERE ENTERTAINMENT COOTR	CL A	2.46M	SH	$289.08M 3.24%	2.16M	300.68K
ENVISTA HOLDINGS CORPORATIONOTR	COM	10.86M	SH	$275.61M 3.08%	9.77M	1.09M
NORWEGIAN CRUISE LINE HLDGSOTR	SHS	14.66M	SH	$274.17M 3.07%	13.10M	1.56M
PRESTIGE CONSMR HEALTHCARE IOTR	COM	4.27M	SH	$253.34M 2.84%	3.84M	436.88K
GENERAC HLDGS INCOTR	COM	1.29M	SH	$252.91M 2.83%	1.16M	131.76K
CHARLES RIV LABS INTL INCOTR	COM	1.44M	SH	$249.12M 2.79%	1.32M	119.33K
LAZARD INCOTR	COM	5.83M	SH	$247.50M 2.77%	5.27M	560.49K
FIRST AMERN FINL CORPOTR	COM	3.84M	SH	$231.45M 2.59%	3.34M	496.21K
MADISON SQUARE GRDN SPRT COROTR	CL A	717.34K	SH	$230.55M 2.58%	637.39K	79.95K
COVISTA INCOTR	COM	1.93M	SH	$222.58M 2.49%	1.70M	230.36K
CORE LABORATORIES INCOTR	COM	13.17M	SH	$221.13M 2.48%	12.24M	935.31K
BIO RAD LABS INCOTR	CL A	785.96K	SH	$219.09M 2.45%	712.02K	73.94K
BOK FINL CORPOTR	COM NEW	1.65M	SH	$211.28M 2.36%	1.48M	174.04K
MIDDLEBY CORPOTR	COM	1.57M	SH	$208.75M 2.34%	1.44M	137.85K
RESIDEO TECHNOLOGIES INCOTR	COM	6.08M	SH	$204.92M 2.29%	5.39M	685.37K
MATTEL INCOTR	COM	13.57M	SH	$197.13M 2.21%	12.50M	1.07M
CARLYLE GROUP INCOTR	COM	3.98M	SH	$192.68M 2.16%	3.54M	438.08K
BOYD GAMING CORPOTR	COM	2.27M	SH	$186.91M 2.09%	1.97M	300.39K
GENTEX CORPOTR	COM	8.34M	SH	$182.28M 2.04%	7.61M	728.78K
SMUCKER J M COOTR	COM NEW	1.86M	SH	$179.42M 2.01%	1.70M	156.17K
MOHAWK INDS INCOTR	COM	1.74M	SH	$171.78M 1.92%	1.56M	182.70K

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