ARIEL INVESTMENTS, LLC Q4 2016 Filing

Filed February 14, 2017

Portfolio Value

$8.5B

Holdings

190

Report Date

Q4 2016

Filing Type

13F-HR

All Holdings (190 positions)

#	Stock	Shares	Value	% Portfolio
101	—Edgewater Technology Inc.	1,763,320	$13.2B	156.12%
102	WCPCPI Aerostructures, Inc.	1,427,538	$13.2B	155.89%
103	—Ballantyne Strong, Inc.	1,603,903	$12.8B	151.47%
104	ALOTAstroNova, Inc.	881,974	$12.6B	148.37%
105	GHCGraham Holdings Co.	24,270	$12.4B	146.68%
106	—Mitcham Industries, Inc.	2,934,110	$12.2B	143.75%
107	PRCPGBPPerceptron, Inc.	1,742,706	$11.6B	136.61%
108	AZTABrooks Automation, Inc.	660,710	$11.3B	133.14%
109	OESXUSDOrion Energy Systems, Inc.	5,163,080	$11.2B	132.26%
110	ACWXiShares MSCI ACWI ex US ETF	276,560	$11.1B	131.47%
111	LDELandec Corp.	794,934	$11.0B	129.50%
112	CPIXCumberland Pharmaceuticals, Inc.	1,824,580	$10.0B	118.46%
113	—Manning & Napier, Inc.	1,311,025	$9.9B	116.85%
114	GAIAGaia, Inc.	1,121,833	$9.7B	114.56%
115	TSTenaris ADR	270,030	$9.6B	113.84%
116	—SeaChange Intl, Inc.	4,132,278	$9.5B	112.19%
117	GSITGSI Technology Inc.	1,466,426	$9.1B	107.33%
118	IBMInternational Business Machines Corp.	52,688	$8.7B	103.25%
119	IWNIShares Russell 2000 Value	71,494	$8.5B	100.38%
120	CMECME Group Inc.	71,231	$8.2B	96.99%
121	LMTLockheed Martin Corp.	32,745	$8.2B	96.61%
122	GIFIGulf Island Fabrication, Inc.	663,771	$7.9B	93.25%
123	VTVanguard Total World Stock Index Fd ETF	128,969	$7.9B	92.87%
124	ORCLOracle Corp.	204,295	$7.9B	92.73%
125	AKXAnsys, Inc.	82,060	$7.6B	89.60%
126	EFTTechTarget, Inc.	863,470	$7.4B	86.94%
127	—Lumber Liquidators Holdings, Inc.	467,375	$7.4B	86.84%
128	—Harris & Harris Group, Inc.	5,282,791	$7.3B	86.06%
129	JPMJPMorgan Chase & Co.	81,873	$7.1B	83.40%
130	ASPNAspen Aerogels Inc.	1,655,326	$6.8B	80.70%
131	GSGoldman Sachs Group, Inc.	28,548	$6.8B	80.70%
132	—Coach, Inc.	189,364	$6.6B	78.29%
133	—Imation Corp.	8,049,085	$6.6B	77.91%
134	MOSMosaic Co.	222,885	$6.5B	77.17%
135	RYAAYRyanair Holdings plc ADR	78,351	$6.5B	77.02%
136	AXTIAXT Inc.	1,344,402	$6.5B	76.18%
137	ABXBarrick Gold Corp.	395,944	$6.3B	74.69%
138	CRAICRA International, Inc.	172,200	$6.3B	74.41%
139	STRTStrattec Security Corp.	151,797	$6.1B	72.21%
140	XOMExxon Mobil Corp.	66,717	$6.0B	71.09%
141	—West Marine, Inc.	552,196	$5.8B	68.24%
142	SSUPSuperior Industries Intl, Inc.	217,559	$5.7B	67.68%
143	—Rentech, Inc.	2,272,066	$5.6B	66.52%
144	RELLRichardson Electronics, Ltd.	872,699	$5.5B	64.90%
145	—Hardinge Inc.	486,609	$5.4B	63.65%
146	BKBank of New York Mellon Corp.	112,970	$5.4B	63.19%
147	GLUUGlu Mobile Inc.	2,753,700	$5.3B	63.06%
148	—MB Financial, Inc.	112,400	$5.3B	62.67%
149	EMKREUREmcore Corporation	608,030	$5.3B	62.45%
150	MOVMovado Group Inc.	172,800	$5.0B	58.65%
151	DWDMorgan Stanley	116,692	$4.9B	58.20%
152	9990302DApache Corp.	77,018	$4.9B	57.70%
153	HNGRUSDHanger, Inc.	390,999	$4.5B	53.08%
154	OXYOccidental Petroleum Corp.	61,614	$4.4B	51.81%
155	VOOVanguard S&P 500 ETF	21,290	$4.4B	51.60%
156	GGALSantander Mexico Financial Group ADR	585,081	$4.2B	49.66%
157	—Dover Motorsports, Inc.	1,748,083	$4.0B	47.47%
158	DGIIDigi International Inc.	291,292	$4.0B	47.28%
159	GRBKGreen Brick Partners Inc.	394,600	$4.0B	46.82%
160	BBBYEURBed Bath & Beyond Inc.	97,240	$4.0B	46.65%
161	FFFutureFuel Corp.	281,200	$3.9B	46.15%
162	FDSFactset Research Systems, Inc.	23,417	$3.8B	45.18%
163	QUMUEURQumu Corp.	1,514,922	$3.6B	42.57%
164	—Electro Scientific Industries, Inc.	531,547	$3.1B	37.15%
165	CRWSCrown Crafts, Inc.	404,862	$3.1B	37.04%
166	CAKECheesecake Factory Inc.	45,115	$2.7B	31.89%
167	CVSCVS Health Corp.	33,499	$2.6B	31.20%
168	CAHCardinal Health, Inc.	36,526	$2.6B	31.04%
169	ARCBArcBest Corp.	94,820	$2.6B	30.95%
170	—Versar Inc.	1,765,373	$2.4B	28.56%
171	—American Electric Technologies, Inc.	1,329,911	$2.1B	24.33%
172	—Rubicon Technology, Inc.	3,251,726	$2.0B	23.03%
173	VAREURVarian Medical Systems Inc.	20,100	$1.8B	21.31%
174	NTTYYNippon Telegraph & Telephone ADR	41,287	$1.7B	20.51%
175	EWLiShares MSCI Switzerland Capped ETF	52,452	$1.5B	18.24%
176	DFSEURDiscover Financial Services	20,963	$1.5B	17.84%
177	TSCOTractor Supply	16,802	$1.3B	15.04%
178	IWMiShares Russell 2000 Index ETF	9,341	$1.3B	14.87%
179	CHDChurch & Dwight Co., Inc.	26,571	$1.2B	13.86%
180	PPGPPG Industries	12,113	$1.1B	13.55%
181	ACNAccenture plc	9,576	$1.1B	13.25%
182	NVSNNovartis AG ADR	15,402	$1.1B	13.25%
183	BMTABritish American Tobacco plc ADR	9,680	$1.1B	12.88%
184	IWCiShares Russell Microcap Index ETF	12,602	$1.1B	12.77%
185	—Vical Inc.	467,544	$1.1B	12.69%
186	TMToyota Motor Corp. ADR	5,708	$669.0M	7.90%
187	—NTT Docomo Inc. ADR	23,127	$526.0M	6.21%
188	EWUiShares MSCI United Kingdom Index ETF	16,751	$514.0M	6.07%
189	CAJPYCanon Inc. ADR	17,529	$493.0M	5.82%
190	ITUBItau Unibanco Holding SA ADR	29,023	$298.0M	3.52%

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