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John Rogers - Ariel Investments
John W. Rogers Jr. founded Ariel Investments in 1983 — among the first Black-owned investment firms in the U.S. — and is a patient value investor whose funds carry a tortoise logo: "slow and steady wins the race."
John Rogers - Ariel Investments manages a $8B U.S. equity portfolio of 106 positions, based on the latest SEC Form 13F-HR filing (Q1 2026). Below you'll find its 100 largest holdings, the biggest quarter-over-quarter buys and sells, position weights, and an estimated average buy price.
Portfolio Value
$8B
Positions
106
Top 10 Weight
32.62%
Largest Position
4.03%
As of
Q1 2026
Filed
May 14, 2026
Portfolio Composition
Madison Square Garden Entmt4.03%ONESPAWORLD HOLDINGS LIMITED3.96%Jones Lang LaSalle, Inc.3.49%AFFILIATED MANAGERS GROUP3.30%Sphere Entertainment Co3.24%
Strategy Snapshot
- › Portfolio value fell 3.5% quarter-over-quarter to $8B.
- › Moderately diversified portfolio — the top 10 holdings make up 32.6% of assets.
- › This quarter: 8 new buys, 45 adds, 51 trims, 10 full exits — net seller
- › Biggest new buy: SCOTTS MIRACLE-GRO CO (SMG) ($58M)
- › Biggest exit: CHECK POINT SOFTWARE TECH LT (CHKP) ($86M position closed)
Changes since Q4 2025
New Buys
Added To / Trimmed
- Sphere Entertainment Co (SPHR)−22.3%
- ZEBRA TECHNOLOGIES CORPORATI (ZBRA)++63.4%
- KENNAMETAL INC (KMT)−63.5%
- Madison Square Garden Entmt (MSGE)−11.3%
- MICROSOFT CORP (MSFT)−63.9%
- Jones Lang LaSalle, Inc. (JLL)++14.7%
- AXALTA COATING SYS LTD (AXTA)−28.7%
- AFFILIATED MANAGERS GROUP (AMG)−10.0%
- ONESPAWORLD HOLDINGS LIMITED++10.1%
- LINDBLAD EXPEDITIONS HLDGS I (LIND)−32.8%
Current Holdings
Top 100 of 106 · SEC EDGAR ↗
| # | Security | Value | % of Portfolio | Avg Buy Price | Price | Gain | vs 52W High | This Qtr | Last Activity | First Buy |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Madison Square Garden Entmt MSGE | $359M | 4.03% | ~$34.55 | $73.00 | +111.3% | −3.6% | −11.3% | Sold Q1 2026 | Q2 2024 |
| 2 | ONESPAWORLD HOLDINGS LIMITED | $354M | 3.96% | ~$17.43 | — | — | — | +10.1% | Bought Q1 2026 | Q2 2024 |
| 3 | Jones Lang LaSalle, Inc. JLL | $311M | 3.49% | ~$217.95 | $298.31 | +36.9% | −17.8% | +14.7% | Bought Q1 2026 | Q2 2024 |
| 4 | AFFILIATED MANAGERS GROUP AMG | $294M | 3.30% | ~$156.37 | $355.67 | +127.5% | −2.3% | −10.0% | Sold Q1 2026 | Q2 2024 |
| 5 | Sphere Entertainment Co SPHR | $289M | 3.24% | ~$35.93 | $152.35 | +324.0% | −5.0% | −22.3% | Sold Q1 2026 | Q2 2024 |
| 6 | ENVISTA HOLDINGS CORP NVST | $275M | 3.08% | ~$17.21 | $24.86 | +44.4% | −18.3% | −9.2% | Sold Q1 2026 | Q2 2024 |
| 7 | NORWEGIAN CRUISE LINE HLDGS NCLH | $274M | 3.07% | ~$19.72 | $19.83 | +0.6% | −27.0% | +2.2% | Bought Q1 2026 | Q2 2024 |
| 8 | PRESTIGE CONSMR HEALTHCARE I PBH | $253M | 2.84% | ~$65.51 | $46.14 | −29.6% | −45.9% | +4.2% | Bought Q1 2026 | Q2 2024 |
| 9 | GENERAC HLDGS INC GNRC | $252M | 2.83% | ~$132.91 | $268.20 | +101.8% | −8.8% | −9.1% | Sold Q1 2026 | Q2 2024 |
| 10 | CHARLES RIV LABS INTL INC CRL | $249M | 2.79% | ~$188.54 | $182.34 | −3.3% | −20.3% | +1.1% | Bought Q1 2026 | Q2 2024 |
| 11 | LAZARD INC LAZ | $247M | 2.77% | ~$39.07 | $43.20 | +10.6% | −26.5% | +10.0% | Bought Q1 2026 | Q2 2024 |
| 12 | FIRST AMERN FINL CORP FAF | $231M | 2.59% | ~$55.65 | $67.78 | +21.8% | −5.2% | −2.0% | Sold Q1 2026 | Q2 2024 |
| 13 | MADISON SQUARE GRDN SPRT COR MSGS | $230M | 2.58% | ~$188.13 | $361.78 | +92.3% | −8.9% | −0.7% | Sold Q1 2026 | Q2 2024 |
| 14 | COVISTA INC CVSA | $222M | 2.49% | ~$80.03 | $117.34 | +46.6% | −24.9% | +1.8% | Bought Q1 2026 | Q2 2024 |
| 15 | CORE LABORATORIES INC CLB | $221M | 2.48% | ~$17.88 | $11.43 | −36.1% | −43.9% | −3.6% | Sold Q1 2026 | Q2 2024 |
| 16 | BIO RAD LABS INC BIO | $219M | 2.45% | ~$295.97 | $284.67 | −3.8% | −17.0% | +2.8% | Bought Q1 2026 | Q2 2024 |
| 17 | BOK FINL CORP BOKF | $211M | 2.36% | ~$91.68 | $130.84 | +42.7% | −6.4% | −2.3% | Sold Q1 2026 | Q2 2024 |
| 18 | MIDDLEBY CORP MIDD | $208M | 2.34% | ~$135.15 | $164.77 | +21.9% | −3.5% | +1.0% | Bought Q1 2026 | Q2 2024 |
| 19 | RESIDEO TECHNOLOGIES INC REZI | $204M | 2.29% | ~$19.47 | $30.41 | +56.2% | −32.9% | −0.7% | Sold Q1 2026 | Q2 2024 |
| 20 | MATTEL INC MAT | $197M | 2.21% | ~$16.21 | $13.67 | −15.7% | −39.2% | +8.3% | Bought Q1 2026 | Q2 2024 |
| 21 | CARLYLE GROUP INC CG | $192M | 2.16% | ~$40.30 | $45.69 | +13.4% | −34.6% | +0.8% | Bought Q1 2026 | Q2 2024 |
| 22 | BOYD GAMING CORP BYD | $186M | 2.09% | ~$55.57 | $83.88 | +51.0% | −6.8% | −2.8% | Sold Q1 2026 | Q2 2024 |
| 23 | GENTEX CORP GNTX | $182M | 2.04% | ~$30.85 | $25.38 | −17.7% | −13.6% | +5.7% | Bought Q1 2026 | Q2 2024 |
| 24 | SMUCKER J M CO SJM | $179M | 2.01% | ~$108.69 | $112.96 | +3.9% | −5.4% | +15.6% | Bought Q1 2026 | Q2 2024 |
| 25 | MOHAWK INDS INC MHK | $171M | 1.92% | ~$113.31 | $108.04 | −4.7% | −24.5% | +1.7% | Bought Q1 2026 | Q2 2024 |
| 26 | ZEBRA TECHNOLOGIES CORPORATI ZBRA | $162M | 1.82% | ~$251.40 | $232.98 | −7.3% | −33.9% | +63.4% | Bought Q1 2026 | Q2 2024 |
| 27 | NORTHERN TR CORP NTRS | $159M | 1.78% | ~$83.98 | $174.95 | +108.3% | −1.1% | −8.6% | Sold Q1 2026 | Q2 2024 |
| 28 | MANCHESTER UTD PLC NEW MANU | $152M | 1.70% | ~$16.17 | $21.81 | +34.9% | −10.0% | +0.8% | Bought Q1 2026 | Q2 2024 |
| 29 | ADT INC DEL ADT | $127M | 1.43% | ~$7.60 | $6.48 | −14.7% | −27.5% | −9.7% | Sold Q1 2026 | Q2 2024 |
| 30 | ALGONQUIN POWER & UTILITIES AQN | $120M | 1.35% | ~$5.55 | $5.87 | +5.8% | −17.4% | +23.4% | Bought Q1 2026 | Q1 2025 |
| 31 | KNOWLES CORP KN | $98M | 1.10% | ~$17.18 | $40.23 | +134.1% | −5.6% | −4.5% | Sold Q1 2026 | Q2 2024 |
| 32 | AXALTA COATING SYS LTD AXTA | $96M | 1.07% | ~$33.68 | $34.00 | +1.0% | −4.8% | −28.7% | Sold Q1 2026 | Q2 2024 |
| 33 | BRINKS CO BCO | $95M | 1.07% | ~$100.12 | $97.37 | −2.7% | −28.6% | −10.2% | Sold Q1 2026 | Q2 2024 |
| 34 | LABCORP HOLDINGS INC LH | $94M | 1.06% | ~$203.51 | $259.56 | +27.5% | −11.6% | −1.7% | Sold Q1 2026 | Q2 2024 |
| 35 | OMNICOM GROUP INC OMC | $83M | 0.93% | ~$80.67 | $76.31 | −5.4% | −12.5% | +1.5% | Bought Q1 2026 | Q4 2025 |
| 36 | DENTSPLY SIRONA INC XRAY | $74M | 0.83% | ~$11.46 | $10.03 | −12.5% | −41.3% | +21.1% | Bought Q1 2026 | Q4 2025 |
| 37 | LITTELFUSE INC LFUS | $73M | 0.82% | ~$254.18 | $466.44 | +83.5% | −6.8% | −2.7% | Sold Q1 2026 | Q2 2024 |
| 38 | Nvent Electric Plc NVT | $70M | 0.79% | ~$75.77 | $170.94 | +125.6% | −4.0% | −2.7% | Sold Q1 2026 | Q2 2024 |
| 39 | INTEL CORP INTC | $64M | 0.72% | ~$31.40 | $121.10 | +285.7% | −8.8% | −4.5% | Sold Q1 2026 | Q2 2024 |
| 40 | SCHLUMBERGER LTD SLB | $63M | 0.71% | ~$39.97 | $50.33 | +25.9% | −14.4% | −3.7% | Sold Q1 2026 | Q4 2024 |
| 41 | DISNEY WALT CO DIS | $63M | 0.71% | ~$114.26 | $100.86 | −11.7% | −19.1% | +17.3% | Bought Q1 2026 | Q2 2025 |
| 42 | LINDBLAD EXPEDITIONS HLDGS I LIND | $59M | 0.67% | ~$9.63 | $23.96 | +148.8% | −3.8% | −32.8% | Sold Q1 2026 | Q2 2024 |
| 43 | SCOTTS MIRACLE-GRO CO SMG | $58M | 0.66% | ~$60.81 | $62.71 | +3.1% | −13.3% | NEW | Bought Q1 2026 | Q1 2026 |
| 44 | KEYSIGHT TECHNOLOGIES INC KEYS | $57M | 0.65% | ~$136.75 | $350.70 | +156.5% | −5.3% | −20.9% | Sold Q1 2026 | Q2 2024 |
| 45 | FIRST SOLAR INC FSLR | $53M | 0.60% | ~$170.72 | $254.80 | +49.3% | −20.6% | +7.9% | Bought Q1 2026 | Q2 2025 |
| 46 | WEX INC WEX | $51M | 0.58% | ~$183.54 | $126.86 | −30.9% | −32.1% | +0.3% | Bought Q1 2026 | Q3 2024 |
| 47 | CVS HEALTH CORP CVS | $50M | 0.56% | ~$57.18 | $99.16 | +73.4% | −3.5% | −14.9% | Sold Q1 2026 | Q2 2024 |
| 48 | RLI CORP RLI | $49M | 0.56% | ~$60.01 | $52.75 | −12.1% | −28.7% | +133.7% | Bought Q1 2026 | Q4 2025 |
| 49 | FACTSET RESH SYS INC FDS | $48M | 0.55% | ~$257.79 | $228.30 | −11.4% | −49.6% | +79.4% | Bought Q1 2026 | Q4 2025 |
| 50 | BRISTOL-MYERS SQUIBB CO BMY | $43M | 0.49% | ~$53.94 | $55.28 | +2.5% | −12.1% | −1.5% | Sold Q1 2026 | Q2 2024 |
| 51 | AT&T INC T | $43M | 0.48% | ~$25.64 | $22.44 | −12.5% | −24.7% | +23.8% | Bought Q1 2026 | Q4 2025 |
| 52 | GCM GROSVENOR INC GCMG | $43M | 0.48% | ~$9.79 | $11.65 | +19.0% | −11.9% | −2.5% | Sold Q1 2026 | Q2 2024 |
| 53 | KKR & CO INC KKR | $40M | 0.45% | ~$102.90 | $97.17 | −5.6% | −36.8% | +65.9% | Bought Q1 2026 | Q2 2024 |
| 54 | HEWLETT PACKARD ENTERPRISE C HPE | $39M | 0.44% | ~$23.98 | $48.20 | +101.0% | −25.0% | +25.6% | Bought Q1 2026 | Q4 2025 |
| 55 | SCHWAB CHARLES CORP SCHW | $37M | 0.42% | ~$75.78 | $94.51 | +24.7% | −12.1% | +17.7% | Bought Q1 2026 | Q2 2024 |
| 56 | M & T Bk Corp MTB | $36M | 0.41% | ~$197.07 | $225.85 | +14.6% | −5.5% | −1.5% | Sold Q1 2026 | Q2 2024 |
| 57 | CBRE GROUP INC CBRE | $35M | 0.40% | ~$98.28 | $130.79 | +33.1% | −24.9% | +24.7% | Bought Q1 2026 | Q2 2024 |
| 58 | FEDEX CORP FDX | $35M | 0.39% | ~$269.29 | $325.93 | +21.0% | −5.6% | +38.5% | Bought Q1 2026 | Q3 2025 |
| 59 | MASCO CORP MAS | $31M | 0.35% | ~$65.21 | $72.62 | +11.4% | −8.3% | +29.1% | Bought Q1 2026 | Q2 2024 |
| 60 | KENNAMETAL INC KMT | $31M | 0.35% | ~$23.54 | $36.36 | +54.5% | −17.0% | −63.5% | Sold Q1 2026 | Q2 2024 |
| 61 | KORN FERRY KFY | $29M | 0.33% | ~$67.17 | $71.67 | +6.7% | −8.7% | −0.6% | Sold Q1 2026 | Q2 2024 |
| 62 | STANLEY BLACK & DECKER INC SWK | $28M | 0.32% | ~$79.85 | $82.47 | +3.3% | −11.7% | −5.8% | Sold Q1 2026 | Q2 2024 |
| 63 | GILEAD SCIENCES INC GILD | $28M | 0.32% | ~$80.69 | $125.45 | +55.5% | −20.2% | −1.4% | Sold Q1 2026 | Q2 2024 |
| 64 | FIFTH THIRD BANC FITB | $26M | 0.30% | ~$46.46 | $52.58 | +13.2% | −5.2% | NEW | Bought Q1 2026 | Q1 2026 |
| 65 | AFLAC INC AFL | $26M | 0.29% | ~$91.63 | $116.24 | +26.9% | −3.0% | +12.8% | Bought Q1 2026 | Q2 2024 |
| 66 | BANK AMER CORP BAC | $24M | 0.28% | ~$42.52 | $56.53 | +33.0% | −2.5% | −1.0% | Sold Q1 2026 | Q2 2024 |
| 67 | FISERV INC FISV | $24M | 0.27% | ~$118.49 | $48.77 | −58.8% | −72.5% | +34.7% | Bought Q1 2026 | Q2 2024 |
| 68 | MOLSON COORS BREWING COMPANY TAP | $23M | 0.26% | ~$50.60 | $39.05 | −22.8% | −28.8% | +6.4% | Bought Q1 2026 | Q2 2024 |
| 69 | CARMAX INC KMX | $23M | 0.26% | ~$72.41 | $47.43 | −34.5% | −34.1% | −0.3% | Sold Q1 2026 | Q2 2024 |
| 70 | MICROSOFT CORP MSFT | $23M | 0.26% | ~$468.08 | $378.91 | −19.0% | −31.8% | −63.9% | Sold Q1 2026 | Q2 2024 |
| 71 | PARAMOUNT SKYDANCE CORP PSKY | $22M | 0.26% | ~$18.92 | $9.98 | −47.3% | −52.2% | −1.6% | Sold Q1 2026 | Q3 2025 |
| 72 | CENTERPOINT ENERGY INC CNP | $20M | 0.23% | ~$33.17 | $42.63 | +28.5% | −4.1% | −52.2% | Sold Q1 2026 | Q4 2024 |
| 73 | SIMPSON MFG INC SSD | $15M | 0.18% | ~$168.17 | $191.79 | +14.0% | −9.5% | +0.4% | Bought Q1 2026 | Q2 2024 |
| 74 | VAIL RESORTS INC MTN | $14M | 0.16% | ~$180.66 | $129.93 | −28.1% | −24.5% | +0.1% | Bought Q1 2026 | Q2 2024 |
| 75 | ISHARES TR IWN | $12M | 0.14% | ~$179.75 | $213.69 | +18.9% | −3.0% | +96.4% | Bought Q1 2026 | Q2 2024 |
| 76 | SNAP ON INC SNA | $11M | 0.13% | ~$261.68 | $381.26 | +45.7% | −4.9% | −0.3% | Sold Q1 2026 | Q2 2024 |
| 77 | MGP INGREDIENTS INC NEW MGPI | $11M | 0.13% | ~$62.59 | $15.76 | −74.8% | −52.8% | −0.1% | Sold Q1 2026 | Q2 2024 |
| 78 | JOHNSON & JOHNSON JNJ | $9M | 0.11% | ~$162.11 | $234.20 | +44.5% | −7.0% | −6.3% | Sold Q1 2026 | Q2 2024 |
| 79 | APA CORPORATION APA | $9M | 0.11% | ~$26.83 | $33.93 | +26.5% | −25.7% | −25.3% | Sold Q1 2026 | Q2 2024 |
| 80 | PHINIA INC PHIN | $9M | 0.10% | ~$39.36 | $78.35 | +99.1% | −9.9% | −5.4% | Sold Q1 2026 | Q2 2024 |
| 81 | CHEVRON CORP NEW CVX | $8M | 0.10% | ~$154.98 | $177.58 | +14.6% | −17.3% | UNCH | Bought Q3 2025 | Q2 2024 |
| 82 | BARRICK MNG CORP B | $8M | 0.09% | ~$20.82 | $41.29 | +98.3% | −24.5% | −4.1% | Sold Q1 2026 | Q2 2025 |
| 83 | LOCKHEED MARTIN CORP LMT | $7M | 0.09% | ~$469.19 | $532.32 | +13.5% | −23.1% | −2.5% | Sold Q1 2026 | Q2 2024 |
| 84 | HACKETT GROUP INC HCKT | $5M | 0.06% | ~$22.01 | $10.59 | −51.9% | −59.4% | −0.6% | Sold Q1 2026 | Q2 2024 |
| 85 | Taiwan Semiconductor Manufac TSM | $5M | 0.06% | ~$234.30 | $432.15 | +84.4% | −4.0% | +58.4% | Bought Q1 2026 | Q2 2024 |
| 86 | KB FINL GROUP INC KB | $4M | 0.06% | ~$56.61 | $106.41 | +88.0% | −11.1% | −2.6% | Sold Q1 2026 | Q2 2024 |
| 87 | GALLAGHER ARTHUR J & CO AJG | $4M | 0.05% | ~$284.55 | $216.09 | −24.1% | −34.0% | +28.7% | Bought Q1 2026 | Q3 2025 |
| 88 | MOSAIC CO NEW MOS | $3M | 0.04% | ~$29.12 | $22.51 | −22.7% | −41.1% | +0.9% | Bought Q1 2026 | Q2 2024 |
| 89 | BORGWARNER INC BWA | $3M | 0.04% | ~$32.77 | $70.54 | +115.3% | −10.5% | UNCH | Sold Q2 2025 | Q2 2024 |
| 90 | LESLIES INC LESL | $3M | 0.04% | ~$5.43 | $7.68 | +41.5% | −43.4% | +1.6% | Bought Q1 2026 | Q3 2025 |
| 91 | CREDICORP LTD BAP | $2M | 0.03% | ~$212.86 | $386.94 | +81.8% | −2.3% | +32.2% | Bought Q1 2026 | Q2 2024 |
| 92 | ORACLE CORP ORCL | $2M | 0.03% | ~$141.20 | $183.53 | +30.0% | −46.9% | −0.1% | Sold Q1 2026 | Q2 2024 |
| 93 | INTERCORP FINL SVCS INC | $2M | 0.03% | ~$38.85 | — | — | — | +34.0% | Bought Q1 2026 | Q4 2024 |
| 94 | KASPI KZ JSC KSPI | $1M | 0.02% | ~$86.01 | $83.27 | −3.2% | −16.1% | +72.5% | Bought Q1 2026 | Q2 2024 |
| 95 | VANGUARD INTL EQUITY INDEX F VT | $1M | 0.02% | ~$138.32 | $156.41 | +13.1% | −1.9% | NEW | Bought Q1 2026 | Q2 2024 |
| 96 | VANGUARD INTL EQUITY INDEX F VWO | $1M | 0.01% | ~$54.05 | $59.81 | +10.7% | −2.5% | NEW | Bought Q1 2026 | Q1 2026 |
| 97 | ROYAL CARIBBEAN GROUP RCL | $478K | 0.01% | ~$275.18 | $301.47 | +9.6% | −17.7% | NEW | Bought Q1 2026 | Q2 2024 |
| 98 | VANGUARD STAR FDS VXUS | $361K | 0.00% | ~$77.11 | $86.15 | +11.7% | −1.7% | NEW | Bought Q1 2026 | Q2 2024 |
| 99 | HDFC BANK LTD HDB | $350K | 0.00% | ~$34.21 | $24.76 | −27.6% | −37.8% | +7.0% | Bought Q1 2026 | Q3 2025 |
| 100 | COLUMBIA ETF TR II XCEM | $345K | 0.00% | ~$40.81 | $52.83 | +29.5% | −2.3% | NEW | Bought Q1 2026 | Q1 2026 |
Filing History
| Period | Portfolio Value | QoQ Change | Positions | Filed |
|---|---|---|---|---|
| Q1 2026 | $8B | −3.5% | 106 | May 14, 2026 |
| Q4 2025 | $9B | −1.0% | 108 | Feb 13, 2026 |
| Q3 2025 | $9B | +6.0% | 107 | Nov 14, 2025 |
| Q2 2025 | $8B | +3.7% | 104 | Aug 14, 2025 |
| Q1 2025 | $8B | −9.2% | 106 | May 15, 2025 |
| Q4 2024 | $9B | −4.3% | 110 | Feb 14, 2025 |
| Q3 2024 | $9B | +6.0% | 110 | Nov 13, 2024 |
| Q2 2024 | $9B | — | 115 | Aug 14, 2024 |
Frequently Asked Questions
What stocks does John Rogers - Ariel Investments own?
As of Q1 2026, John Rogers - Ariel Investments held 106 U.S.-listed positions worth $8B. The largest is Madison Square Garden Entmt (MSGE) (4.03% of the portfolio). Its 100 largest positions are listed in the table above; the complete list is on SEC EDGAR.
What is John Rogers - Ariel Investments's largest holding?
Madison Square Garden Entmt (MSGE) — about 4.03% of the equity portfolio as of Q1 2026.
What did John Rogers - Ariel Investments buy recently?
Their biggest new position last quarter was SCOTTS MIRACLE-GRO CO (SMG) ($58M).
Do these holdings reflect John Rogers - Ariel Investments's current portfolio?
They reflect the latest 13F filing (Q1 2026), which can lag actual trades by up to 45 days and excludes short positions, cash, and non-U.S. holdings.