ARIEL INVESTMENTS, LLC Q3 2017 Filing

Filed November 14, 2017

Portfolio Value

$8.6B

Holdings

176

Report Date

Q3 2017

Filing Type

13F-HR

All Holdings (176 positions)

#	Stock	Shares	Value	% Portfolio
101	BENFranklin Resources, Inc.	295,853	$13.2B	152.86%
102	DGXQuest Diagnostics Inc.	133,840	$12.5B	145.49%
103	—Edgewater Technology Inc.	1,916,003	$12.5B	145.01%
104	ACWXISHARES MSCI ACWI EX US ETF	251,560	$12.2B	141.19%
105	—SeaChange Intl, Inc.	4,289,425	$11.8B	136.43%
106	GHCGraham Holdings Co.	19,310	$11.3B	131.15%
107	HMNHorace Mann Educators Corp.	277,963	$10.9B	126.97%
108	MATWMatthews Intl Corp.	173,333	$10.8B	125.26%
109	CMECME Group Inc.	78,646	$10.7B	123.87%
110	—Mitcham Industries, Inc.	2,989,080	$10.4B	121.10%
111	EFTTechTarget, Inc.	860,767	$10.3B	119.31%
112	ORCLOracle Corp.	202,878	$9.8B	113.87%
113	ALOTAstroNova, Inc.	748,142	$9.7B	112.90%
114	ABXBarrick Gold Corp.	597,450	$9.6B	111.59%
115	STRTStrattec Security Corp.	233,735	$9.6B	110.98%
116	CVSCVS Health Corp.	115,894	$9.4B	109.41%
117	LMTLockheed Martin Corp.	30,317	$9.4B	109.20%
118	PRCPGBPPerceptron, Inc.	1,123,968	$8.9B	102.94%
119	—Coach, Inc.	210,757	$8.5B	98.54%
120	GRBKGreen Brick Partners Inc.	836,548	$8.3B	96.14%
121	—Synacor, Inc.	2,944,912	$8.0B	92.30%
122	—Pandora Media, Inc.	995,427	$7.7B	88.98%
123	—180 Degree Capital Corp	4,394,499	$7.6B	88.76%
124	GIFIGulf Island Fabrication, Inc.	601,602	$7.6B	88.69%
125	CARSCars.com Inc.	280,059	$7.5B	86.51%
126	XOMExxon Mobil Corp.	90,422	$7.4B	86.05%
127	—Pendrell Corp.	1,043,632	$7.1B	82.75%
128	—Spartan Motors Inc.	631,295	$7.0B	80.98%
129	GGALSantander Mexico Financial Group ADR	688,950	$7.0B	80.70%
130	JPMJPMorgan Chase & Co.	72,190	$6.9B	80.04%
131	IBMInternational Business Machines Corp.	46,964	$6.8B	79.10%
132	GLUUGlu Mobile Inc.	1,779,788	$6.7B	77.68%
133	WCPCPI Aerostructures, Inc.	684,236	$6.4B	74.27%
134	CRAICRA International, Inc.	152,998	$6.3B	72.91%
135	CPIXCumberland Pharmaceuticals, Inc.	887,144	$6.3B	72.70%
136	MOVMovado Group Inc.	221,700	$6.2B	72.07%
137	MOSMosaic Co.	282,737	$6.1B	70.86%
138	FDSFactset Research Systems, Inc.	33,870	$6.1B	70.81%
139	GSGoldman Sachs Group, Inc.	24,795	$5.9B	68.27%
140	TSCOTractor Supply	91,493	$5.8B	67.22%
141	IWMiShares Russell 2000 ETF	38,300	$5.7B	65.88%
142	OESXUSDOrion Energy Systems, Inc.	5,027,415	$5.6B	65.37%
143	BKBank of New York Mellon Corp.	103,249	$5.5B	63.54%
144	GAIAGaia, Inc.	452,893	$5.4B	63.09%
145	—MB Financial, Inc.	118,896	$5.4B	62.14%
146	NVSNNovartis AG ADR	57,697	$5.0B	57.50%
147	VOOVanguard S&P 500 ETF	21,290	$4.9B	57.03%
148	LDELandec Corp.	377,245	$4.9B	56.71%
149	9990302DApache Corp.	106,420	$4.9B	56.58%
150	HNGRUSDHanger, Inc.	437,840	$4.8B	55.86%
151	ASPNAspen Aerogels Inc.	1,095,517	$4.8B	55.31%
152	ACNAccenture plc	33,794	$4.6B	52.99%
153	—Manning & Napier, Inc.	1,099,079	$4.3B	50.39%
154	TRCTejon Ranch Co.	180,027	$3.8B	44.10%
155	EMKREUREmcore Corporation	453,060	$3.7B	43.13%
156	AXTIAXT Inc.	390,513	$3.6B	41.48%
157	VTVanguard Total World Stock Index Fd (ETF)	47,532	$3.4B	39.02%
158	TRIPTripAdvisor Inc	78,870	$3.2B	37.11%
159	—Electro Scientific Industries, Inc.	207,062	$2.9B	33.46%
160	IDIInterDigital Inc.	35,122	$2.6B	30.07%
161	—American Electric Technologies, Inc.	1,582,198	$2.5B	29.31%
162	—Autobytel Inc.	356,728	$2.5B	28.53%
163	—Digirad Corp.	638,042	$2.2B	25.55%
164	—GlassBridge Enterprises Inc.	989,600	$2.0B	22.86%
165	—NTT Docomo Inc. ADR	76,913	$1.8B	20.35%
166	ICEIntercontinentalExchange, Inc.	22,403	$1.5B	17.87%
167	AYIAcuity Brands	8,780	$1.5B	17.46%
168	—Rubicon Technology, Inc.	177,992	$1.5B	17.06%
169	EXPDExpeditors Intl of Washington	24,041	$1.4B	16.70%
170	—Vical Inc.	582,244	$1.4B	16.22%
171	—Dover Motorsports, Inc.	577,594	$1.2B	13.74%
172	MAMasterCard Inc.	7,461	$1.1B	12.22%
173	SNYSanofi-Aventis	17,790	$886.0M	10.29%
174	IWRiShares Russell Midcap ETF	3,649	$719.0M	8.35%
175	FFIVF5 Networks, Inc.	3,152	$380.0M	4.41%
176	FASTFastenal Co.	5,505	$251.0M	2.91%

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