John Rogers Ariel Investments
John W. Rogers Jr. is the founder of Ariel Investments, one of the best-known minority-owned investment firms in the United States. Ariel is associated with patient, value-oriented investing and a long-term “slow and steady” culture. Rogers is also a prominent voice on markets, corporate leadership, and inclusive capitalism.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Resideo Technologies
REZI
|
+$102M |
| 2 |
Boyd Gaming
BYD
|
+$93.3M |
| 3 |
Core Laboratories
CLB
|
+$92.4M |
| 4 |
PARA
Paramount Global Class B
PARA
|
+$75.4M |
| 5 |
Manchester United
MANU
|
+$68.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MDP
Meredith Corporation
MDP
|
+$104M |
| 2 |
KKR & Co
KKR
|
+$41.3M |
| 3 |
Vail Resorts
MTN
|
+$38M |
| 4 |
First American
FAF
|
+$30.2M |
| 5 |
Baidu
BIDU
|
+$28.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.26% |
| 2 | Industrials | 17.88% |
| 3 | Communication Services | 16.05% |
| 4 | Consumer Discretionary | 11.82% |
| 5 | Healthcare | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Sphere Entertainment
SPHR
$5.69B
| $434M | 3.66% |
6,173,301
+532,859
| +9% | +$37.4M |
|
2
Mattel
MAT
$4.15B
| $394M | 3.32% |
18,276,684
+1,643,083
| +10% | +$34.5M |
|
|
3
First American
FAF
$7.33B
| $380M | 3.21% |
4,862,370
-404,101
| -8% | -$30.2M |
|
4
Philip Morris
PM
$293B
| $362M | 3.05% |
3,808,962
-265,585
| -7% | -$24.8M |
|
|
5
Baidu
BIDU
$31.6B
| $360M | 3.03% |
2,418,101
-182,373
| -7% | -$28.5M |
|
6
Lazard
LAZ
$4.3B
| $354M | 2.99% |
8,120,571
+117,578
| +1% | +$5.5M |
|
7
BOK Financial
BOKF
$8.54B
| $349M | 2.94% |
3,306,709
+18,140
| +0.6% | +$1.86M |
|
|
NLSN
8
DELISTED
Nielsen Holdings plc
NLSN
| $337M | 2.84% |
16,431,587
+2,393,887
| +17% | +$48.8M |
|
9
Microsoft
MSFT
$3.59T
| $337M | 2.84% |
1,000,576
-85,345
| -8% | -$27.7M |
|
10
Kennametal
KMT
$2.28B
| $320M | 2.7% |
8,917,279
+174,596
| +2% | +$6.49M |
|
|
IPG
11
DELISTED
Interpublic Group of Companies
IPG
| $314M | 2.65% |
8,382,360
-239,523
| -3% | -$8.71M |
|
12
Jones Lang LaSalle
JLL
$17.8B
| $302M | 2.55% |
1,122,957
-3,560
| -0.3% | -$918K |
|
13
Envista
NVST
$4.37B
| $282M | 2.38% |
6,253,403
+168,719
| +3% | +$6.94M |
|
|
SRCL
14
DELISTED
Stericycle Inc
SRCL
| $253M | 2.13% |
4,244,508
+240,768
| +6% | +$15.1M |
|
15
Mohawk Industries
MHK
$9.23B
| $248M | 2.09% |
1,359,258
+42,560
| +3% | +$7.6M |
|
16
Snap-on
SNA
$20.3B
| $239M | 2.01% |
1,108,765
+49,429
| +5% | +$10.6M |
|
17
Northern Trust
NTRS
$33.6B
| $229M | 1.93% |
1,917,698
+1,704
| +0.1% | +$204K |
|
|
18
KKR & Co
KKR
$97.4B
| $217M | 1.83% |
2,914,295
-560,030
| -16% | -$41.3M |
|
19
Labcorp
LH
$27.3B
| $216M | 1.82% |
800,730
+62,528
| +8% | +$15.5M |
|
20
ADT
ADT
$5.39B
| $206M | 1.74% |
24,512,631
+225,370
| +0.9% | +$1.92M |
|
21
J.M. Smucker
SJM
$13.3B
| $202M | 1.71% |
1,490,218
+109,723
| +8% | +$14M |
|
22
Axalta
AXTA
$7.75B
| $198M | 1.67% |
5,978,086
+225,525
| +4% | +$7.16M |
|
23
Credicorp
BAP
$30.1B
| $187M | 1.58% |
1,532,363
+271,734
| +22% | +$33.3M |
|
24
Madison Square Garden
MSGS
$9.78B
| $186M | 1.56% |
1,068,012
+245,463
| +30% | +$44.6M |
|
25
CBRE Group
CBRE
$44B
| $177M | 1.49% |
1,631,494
-15,648
| -1% | -$1.6M |
|
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John Rogers's Q4 2021 Portfolio in Review
As of Q4 2021, John Rogers held 111 positions worth $11.9B, up 8.5% from $10.9B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
John Rogers deployed $464M of net new capital in Q4 2021, opening 2 new positions and adding to 53 existing holdings. Its largest new stake was Lindblad Expeditions: 1,114,416 shares worth $17.4M.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 22% a quarter earlier, followed by Industrials and Communication Services.
On the sell side, the largest reduction was KKR & Co, an estimated $41.3M trimmed.
- John Rogers's largest Q4 2021 buy was Lindblad Expeditions: 1,114,416 shares worth $17.4M.
- John Rogers added most to Resideo Technologies in Q4 2021, an estimated $102M increase.
- John Rogers's biggest Q4 2021 reduction was KKR & Co, cutting an estimated $41.3M.
- John Rogers fully exited Meredith Corporation in Q4 2021, selling an estimated $104M.
- John Rogers's ten largest holdings make up 31% of its $11.9B portfolio in Q4 2021.
- John Rogers opened 2 new positions and closed 7 in Q4 2021.
- John Rogers's portfolio value rose 8.5% quarter-over-quarter to $11.9B.
Based on Ariel Investments's 13F filing for Q4 2021, filed 14 Feb 2022.