ARIEL INVESTMENTS, LLC Q2 2018 Filing

Filed August 10, 2018

Portfolio Value

$8.9B

Holdings

160

Report Date

Q2 2018

Filing Type

13F-HR

All Holdings (160 positions)

#	Stock	Shares	Value	% Portfolio
1	BIDUNBaidu, Inc. ADR	1,184,062	$287.7M	3.23%
2	MSFTMicrosoft Corp.	2,782,243	$274.4M	3.08%
3	FAFFirst American Financial Corp.	4,519,761	$233.8M	2.62%
4	KEYSKeysight Technologies, Inc.	3,871,085	$228.5M	2.56%
5	MSGNMSG Networks, Inc.	9,114,348	$218.3M	2.45%
6	LAZLazard Ltd.	4,433,359	$216.8M	2.43%
7	—Laboratory Corp. of America Holdings	1,133,465	$203.5M	2.28%
8	KMTKennametal, Inc.	5,459,382	$196.0M	2.20%
9	SJMJ.M. Smucker Co.	1,767,460	$190.0M	2.13%
10	NTRSNorthern Trust Corp.	1,809,965	$186.2M	2.09%
11	MATMattel, Inc.	11,183,832	$183.6M	2.06%
12	IPGInterpublic Group of Cos., Inc.	7,706,271	$180.6M	2.03%
13	4I1Philip Morris Intl, Inc.	2,187,710	$176.6M	1.98%
14	—KKR & Co. L.P.	6,761,084	$168.0M	1.89%
15	GILDGilead Sciences, Inc.	2,329,260	$165.0M	1.85%
16	ZBRAZebra Technologies Corp.	1,062,680	$152.2M	1.71%
17	—Nielsen Holdings plc	4,891,462	$151.3M	1.70%
18	SNASnap-On, Inc.	929,933	$149.5M	1.68%
19	SLCAU.S. Silica Holdings, Inc.	5,800,668	$149.0M	1.67%
20	CRLCharles River Laboratories Intl, Inc.	1,317,586	$147.9M	1.66%
21	NOKNokia Corp. ADR	24,242,239	$139.4M	1.56%
22	—Bristow Group, Inc.	9,534,740	$134.5M	1.51%
23	JNJJohnson & Johnson	1,002,162	$121.6M	1.36%
24	JLLJLL	730,113	$121.2M	1.36%
25	MSGSThe Madison Square Garden Co.	371,786	$115.3M	1.29%
26	SSDSimpson Manufacturing Co., Inc.	1,823,128	$113.4M	1.27%
27	TGNATEGNA, Inc.	9,882,320	$107.2M	1.20%
28	VIABViacom, Inc.	3,535,519	$106.6M	1.20%
29	ZBHZimmer Biomet Holdings, Inc.	942,571	$105.0M	1.18%
30	BRK/BBerkshire Hathaway Inc.	551,717	$103.0M	1.16%
31	AFLAFLAC, Inc.	2,239,458	$96.3M	1.08%
32	—Dun & Bradstreet Corp.	753,190	$92.4M	1.04%
33	—MTS Systems Corp.	1,740,129	$91.6M	1.03%
34	CBRECBRE Group, Inc.	1,890,673	$90.3M	1.01%
35	AXPAmerican Express Co.	880,912	$86.3M	0.97%
36	W3UWestern Union Co.	4,110,274	$83.6M	0.94%
37	ATGEAdtalem Global Education, Inc.	1,677,418	$80.7M	0.91%
38	—Anixter Intl, Inc.	1,269,344	$80.3M	0.90%
39	ISCAUSDInternational Speedway Corp.	1,781,444	$79.6M	0.89%
40	SWKStanley Black & Decker, Inc.	598,592	$79.5M	0.89%
41	SLBSchlumberger Ltd.	1,182,121	$79.2M	0.89%
42	OMCOmnicom Group, Inc.	1,015,724	$77.5M	0.87%
43	HLIHoulihan Lokey, Inc.	1,487,106	$76.2M	0.85%
44	BWABorgWarner, Inc.	1,696,836	$73.2M	0.82%
45	JHGJanus Henderson Group plc	2,367,518	$72.8M	0.82%
46	BRCBrady Corp.	1,866,529	$72.0M	0.81%
47	RCLRoyal Caribbean Cruises Ltd.	694,050	$71.9M	0.81%
48	TMOThermo Fisher Scientific, Inc.	334,978	$69.4M	0.78%
49	—Oaktree Capital Group LLC	1,696,756	$69.0M	0.77%
50	GSKGlaxoSmithKline plc ADR	1,705,128	$68.7M	0.77%
51	PXDEURPioneer Natural Resources Co	355,984	$67.4M	0.76%
52	BUWABio-Rad Laboratories, Inc.	231,976	$66.9M	0.75%
53	MDPUSDMeredith Corp.	1,281,789	$65.4M	0.73%
54	BACVerizon Communications Inc.	1,281,823	$64.5M	0.72%
55	—CBS Corp.	1,146,334	$64.4M	0.72%
56	CLBCore Laboratories N.V.	490,915	$62.0M	0.70%
57	NOVEURNational Oilwell Varco	1,411,604	$61.3M	0.69%
58	WTWWillis Towers Watson plc	400,915	$60.8M	0.68%
59	ITWIllinois Tool Works, Inc.	426,600	$59.1M	0.66%
60	SRCLStericycle Inc.	869,852	$56.8M	0.64%
61	PGRProgressive Corp.	920,272	$54.4M	0.61%
62	EOGEOG Resources Inc.	426,678	$53.1M	0.60%
63	JWNUSDNordstrom, Inc.	1,021,143	$52.9M	0.59%
64	FLRFluor Corp.	1,055,914	$51.5M	0.58%
65	LFUSLittelfuse, Inc.	222,801	$50.8M	0.57%
66	—Team, Inc.	2,178,962	$50.3M	0.56%
67	CHLUSDChina Mobile Ltd. ADR	1,100,299	$48.8M	0.55%
68	COSTCostco Wholesale Corp.	229,982	$48.1M	0.54%
69	BOKFBOK Financial Corp.	511,018	$48.0M	0.54%
70	MHKMohawk Industries, Inc.	217,719	$46.7M	0.52%
71	CAHCardinal Health, Inc.	930,324	$45.4M	0.51%
72	VEAVanguard FTSE Developed ETF	1,036,217	$44.5M	0.50%
73	FICOFair Isaac Corp.	229,585	$44.4M	0.50%
74	SOSouthern Co.	870,337	$40.3M	0.45%
75	MEIMethode Electronics Inc.	875,325	$35.3M	0.40%
76	TSTenaris ADR	878,750	$32.0M	0.36%
77	CNTCentury Casinos, Inc.	3,609,149	$31.6M	0.35%
78	COWNEURCowen Inc.	2,145,366	$29.7M	0.33%
79	BXUSDBlackstone Group L.P.	915,624	$29.5M	0.33%
80	BSACBanco Santander-Chile ADR	863,364	$27.1M	0.30%
81	DGXQuest Diagnostics Inc.	243,599	$26.8M	0.30%
82	—RealNetworks, Inc.	6,959,612	$25.8M	0.29%
83	BCOBrink's Co.	316,237	$25.2M	0.28%
84	SRESempra Energy	217,127	$25.2M	0.28%
85	—ORBCOMM, Inc.	2,399,961	$24.2M	0.27%
86	—Kindred Biosciences, Inc.	2,218,612	$23.6M	0.27%
87	TILEInterface, Inc.	987,315	$22.7M	0.25%
88	OXYOccidental Petroleum Corp.	270,437	$22.6M	0.25%
89	TNAVEURTelenav Inc.	3,840,700	$21.5M	0.24%
90	ICEIntercontinentalExchange, Inc.	291,045	$21.4M	0.24%
91	—Rosetta Stone Inc.	1,294,970	$20.8M	0.23%
92	SFESSafeguard Scientifics Inc.	1,575,258	$20.2M	0.23%
93	BIDSotheby's	365,244	$19.8M	0.22%
94	USBU.S. Bancorp	382,407	$19.1M	0.21%
95	CSWCCapital Southwest Corp.	1,039,515	$18.8M	0.21%
96	GRBKGreen Brick Partners Inc.	1,718,846	$16.8M	0.19%
97	—Ballantyne Strong, Inc.	3,296,508	$16.0M	0.18%
98	—Edgewater Technology Inc.	2,789,490	$15.1M	0.17%
99	—PCTEL, Inc.	2,320,817	$14.5M	0.16%
100	—Atlas Financial Holdings, Inc.	1,629,226	$14.3M	0.16%

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