Ariel Investments
Ariel Global
Global Large-cap
Mar 2025 → Mar 2026
Our archive holds 6 letters from this strategy, behind 35 investment theses and positions in 35 companies. Every quote below is copied verbatim from the letter it came from.
6 letters in 2 years — follow all of Ariel Investments for every strategy.
Its investment theses
- ENGIE SAMar 2026ENGIE SA is a diversified utility with increased exposure to stable regulated earnings via UKPN, plus upside from storage, deleveraging, and renewables.
- Bayer AGMar 2026Bayer AG is a life sciences leader with potential upside from litigation resolution and a strengthening pharma pipeline, marking the early stages of a turnaround.
- Eurobank SAMar 2026Eurobank SA is positioned to benefit from Greece’s recovery with multi-year loan growth, wealth management focus, regional acquisitions, solid capital, and competitive ROE.
- Marks & Spencer Group plcMar 2026Marks & Spencer Group plc is a revitalized UK retailer with stronger operations, a healthier balance sheet, and improving capital return potential, offering turnaround-driven upside.
- Daifuku Co. Ltd.Mar 2026Daifuku Co. Ltd. is a leader in logistics automation and cleanroom systems with a strong moat, improving margins, and secular growth from AI, e-commerce, and semiconductors.
- Salzgitter AGMar 2026Salzgitter AG is a steel producer with margin expansion potential, valuable strategic assets, and leverage to a European recovery and low‑carbon incentives, leaving core operations undervalued.
- Bristol-Myers Squibb CompanyDec 2025Bristol-Myers Squibb Company is a global pharma leader with new therapies and pipeline opportunities offering upside ahead of key readouts despite patent expirations.
- Webster Financial CorporationDec 2025Webster Financial Corporation is a U.S. bank with solid credit, strong capital, specialty deposits, NIM recovery, and buybacks positioning it as undervalued.
- TDK CorporationDec 2025TDK Corporation is a global electronic components leader with growth optionality in batteries, passive components, and magnetics supported by acquisitions and AI-driven demand.
- Lasertec CorporationDec 2025Lasertec Corporation is a Japanese semiconductor inspection equipment specialist benefiting from EUV adoption, new APMI tools, and an inflection in process control intensity.