Ariel Investments
Ariel Appreciation Fund
Jun 2025 → Jun 2025
Our archive holds 2 letters from this strategy, behind 1 investment thesis and positions in 9 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year · follow all of Ariel Investments for every strategy.
What it bought and sold
We also repurchased global investment bank, Goldman Sachs Group, Inc. (GS), as macro uncertainty, geopolitical tensions and shifts in global trade policy drove the name back down within our midcap portfolios’ capitalization range in the quarter.
We also exited leading supplier of solutions for combustion, hybrid and electric vehicles BorgWarner, Inc. (BWA) to pursue more compelling opportunities.
We initiated two new positions during the quarter. We added Fiserv, Inc. (FI), leading global provider of payment processing and financial services technology solutions.