ARIEL INVESTMENTS, LLC is an institutional investment manager that files quarterly 13F reports with the SEC. As of Q4 2025, the fund manages $9.3B in reported equity holdings across 108 positions. The largest holdings are MSGE (4.0%), AMG (3.7%), NCLH (3.5%), SPHR (3.3%), JLL (3.2%). The portfolio is concentrated in Other (76.5%), Consumer Cyclical (7.5%), Financial Services (5.9%). Data sourced from SEC EDGAR 13F filings (CIK 936753).