ARIEL INVESTMENTS, LLC Q3 2018 Filing

Filed November 14, 2018

Portfolio Value

$9.0B

Holdings

154

Report Date

Q3 2018

Filing Type

13F-HR

All Holdings (154 positions)

#	Stock	Shares	Value	% Portfolio
1	MSFTMicrosoft Corp.	2,852,714	$326.3M	3.61%
2	BIDUNBaidu, Inc. ADR	1,282,642	$293.3M	3.25%
3	KMTKennametal, Inc.	5,499,868	$239.6M	2.65%
4	FAFFirst American Financial Corp.	4,446,929	$229.4M	2.54%
5	LAZLazard Ltd.	4,539,483	$218.5M	2.42%
6	MSGNMSG Networks, Inc.	7,986,279	$206.0M	2.28%
7	4I1Philip Morris Intl, Inc.	2,375,940	$193.7M	2.15%
8	KEYSKeysight Technologies, Inc.	2,818,898	$186.8M	2.07%
9	GILDGilead Sciences, Inc.	2,404,049	$185.6M	2.06%
10	ZBRAZebra Technologies Corp.	1,038,737	$183.7M	2.03%
11	SJMJ.M. Smucker Co.	1,762,452	$180.8M	2.00%
12	NTRSNorthern Trust Corp.	1,749,189	$178.6M	1.98%
13	MATMattel, Inc.	11,360,760	$178.4M	1.98%
14	—Laboratory Corp. of America Holdings	1,012,147	$175.8M	1.95%
15	SNASnap-On, Inc.	919,680	$168.9M	1.87%
16	IPGInterpublic Group of Cos., Inc.	7,377,194	$168.7M	1.87%
17	CRLCharles River Laboratories Intl, Inc.	1,253,966	$168.7M	1.87%
18	KKRKKR & Co. Inc.	5,899,119	$160.9M	1.78%
19	SLCAU.S. Silica Holdings, Inc.	8,432,203	$158.8M	1.76%
20	—Nielsen Holdings plc	5,440,749	$150.5M	1.67%
21	JNJJohnson & Johnson	1,024,773	$141.6M	1.57%
22	VIABViacom, Inc.	4,079,675	$137.7M	1.53%
23	NOKNokia Corp. ADR	24,133,162	$134.7M	1.49%
24	SSDSimpson Manufacturing Co., Inc.	1,774,558	$128.6M	1.42%
25	BRK/BBerkshire Hathaway Inc.	560,217	$119.9M	1.33%
26	ZBHZimmer Biomet Holdings, Inc.	904,186	$118.9M	1.32%
27	TGNATEGNA, Inc.	9,886,434	$118.2M	1.31%
28	SRCLStericycle Inc.	1,914,750	$112.4M	1.24%
29	SLBSchlumberger Ltd.	1,731,746	$105.5M	1.17%
30	AFLAFLAC, Inc.	2,203,665	$103.7M	1.15%
31	JLLJLL	715,900	$103.3M	1.14%
32	—Bristow Group, Inc.	8,186,048	$99.3M	1.10%
33	SWKStanley Black & Decker, Inc.	657,626	$96.3M	1.07%
34	—MTS Systems Corp.	1,746,141	$95.6M	1.06%
35	RCLRoyal Caribbean Cruises Ltd.	694,050	$90.2M	1.00%
36	MSGSThe Madison Square Garden Co.	275,259	$86.8M	0.96%
37	—Oaktree Capital Group LLC	2,079,001	$86.1M	0.95%
38	CBRECBRE Group, Inc.	1,889,877	$83.3M	0.92%
39	W3UWestern Union Co.	4,112,165	$78.4M	0.87%
40	BRCBrady Corp.	1,791,085	$78.4M	0.87%
41	—Anixter Intl, Inc.	1,105,270	$77.7M	0.86%
42	TMOThermo Fisher Scientific, Inc.	315,897	$77.1M	0.85%
43	OMCOmnicom Group, Inc.	1,118,798	$76.1M	0.84%
44	BUWABio-Rad Laboratories, Inc.	232,661	$72.8M	0.81%
45	BWABorgWarner, Inc.	1,696,170	$72.6M	0.80%
46	BACVerizon Communications Inc.	1,354,173	$72.3M	0.80%
47	MDPUSDMeredith Corp.	1,403,625	$71.7M	0.79%
48	—CBS Corp.	1,241,544	$71.3M	0.79%
49	GSKGlaxoSmithKline plc ADR	1,705,128	$68.5M	0.76%
50	ISCAUSDInternational Speedway Corp.	1,513,750	$66.3M	0.73%
51	PGRProgressive Corp.	916,909	$65.1M	0.72%
52	AXPAmerican Express Co.	605,168	$64.4M	0.71%
53	JHGJanus Henderson Group plc	2,371,639	$63.9M	0.71%
54	PXDEURPioneer Natural Resources Co	362,754	$63.2M	0.70%
55	FLRFluor Corp.	1,083,011	$62.9M	0.70%
56	HLIHoulihan Lokey, Inc.	1,388,621	$62.4M	0.69%
57	ITWIllinois Tool Works, Inc.	425,214	$60.0M	0.66%
58	CLBCore Laboratories N.V.	500,360	$58.0M	0.64%
59	ATGEAdtalem Global Education, Inc.	1,185,289	$57.1M	0.63%
60	EOGEOG Resources Inc.	434,418	$55.4M	0.61%
61	BOKFBOK Financial Corp.	555,898	$54.1M	0.60%
62	CHLUSDChina Mobile Ltd. ADR	1,100,340	$53.8M	0.60%
63	WTWWillis Towers Watson plc	380,844	$53.7M	0.59%
64	JWNUSDNordstrom, Inc.	850,962	$50.9M	0.56%
65	CAHCardinal Health, Inc.	927,657	$50.1M	0.55%
66	NOVEURNational Oilwell Varco	1,088,679	$46.9M	0.52%
67	LFUSLittelfuse, Inc.	234,146	$46.3M	0.51%
68	FICOFair Isaac Corp.	198,475	$45.4M	0.50%
69	MHKMohawk Industries, Inc.	243,219	$42.6M	0.47%
70	BXUSDBlackstone Group L.P.	1,055,375	$40.2M	0.45%
71	SOSouthern Co.	885,251	$38.6M	0.43%
72	VEAVanguard FTSE Developed ETF	882,433	$38.2M	0.42%
73	—Team, Inc.	1,664,477	$37.5M	0.41%
74	MEIMethode Electronics Inc.	1,012,375	$36.6M	0.41%
75	AMGAffiliated Managers Group, Inc.	267,897	$36.6M	0.41%
76	DOXAmdocs Ltd.	501,877	$33.1M	0.37%
77	COSTCostco Wholesale Corp.	138,012	$32.4M	0.36%
78	—Kindred Biosciences, Inc.	2,176,012	$30.4M	0.34%
79	COWNEURCowen Inc.	1,843,566	$30.1M	0.33%
80	TSTenaris ADR	889,534	$29.8M	0.33%
81	CNTCentury Casinos, Inc.	3,904,555	$29.1M	0.32%
82	BSACBanco Santander-Chile ADR	897,525	$28.7M	0.32%
83	DGXQuest Diagnostics Inc.	260,261	$28.1M	0.31%
84	BCOBrink's Co.	401,432	$28.0M	0.31%
85	—Dun & Bradstreet Corp.	190,431	$27.1M	0.30%
86	TILEInterface, Inc.	1,121,525	$26.2M	0.29%
87	OXYOccidental Petroleum Corp.	278,664	$22.9M	0.25%
88	ICEIntercontinentalExchange, Inc.	299,763	$22.4M	0.25%
89	GRBKGreen Brick Partners Inc.	2,117,354	$21.4M	0.24%
90	—RealNetworks, Inc.	7,204,679	$21.2M	0.23%
91	USBU.S. Bancorp	393,774	$20.8M	0.23%
92	—ORBCOMM, Inc.	1,870,680	$20.3M	0.22%
93	TNAVEURTelenav Inc.	3,852,180	$19.5M	0.22%
94	CSWCCapital Southwest Corp.	1,021,415	$19.4M	0.21%
95	SFESSafeguard Scientifics Inc.	1,874,240	$17.5M	0.19%
96	—Atlas Financial Holdings, Inc.	1,734,710	$17.4M	0.19%
97	—Rosetta Stone Inc.	854,882	$17.0M	0.19%
98	STRTStrattec Security Corp.	398,196	$14.2M	0.16%
99	—Edgewater Technology Inc.	2,822,590	$14.2M	0.16%
100	—Ballantyne Strong, Inc.	3,381,466	$13.5M	0.15%

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