Ariel Investments
Ariel International DM
International
Mar 2025 → Mar 2025
Our archive holds 1 letter from this strategy, behind 2 investment theses and positions in 15 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year · follow all of Ariel Investments for every strategy.
What it bought and sold
we also sold out of China’s internet search and online community leader, Baidu, Inc., leading electric utility across Asia, CLP Holdings Ltd, leading electric utility in Spain, Endesa S.A., Finnish telecommunications and consumer electronics company, Nokia Oyj and Italian midstream energy company, Snam SpA.
we also sold out of China’s internet search and online community leader, Baidu, Inc., leading electric utility across Asia, CLP Holdings Ltd, leading electric utility in Spain, Endesa S.A., Finnish telecommunications and consumer electronics company, Nokia Oyj and Italian midstream energy company, Snam SpA.
We purchased renewable energy and utility services provider, Algonquin Power & Utilities Corporation.
We also added Bank Negara Indonesia, which is one of the four largest banks in Indonesia.
we also sold out of China’s internet search and online community leader, Baidu, Inc., leading electric utility across Asia, CLP Holdings Ltd, leading electric utility in Spain, Endesa S.A., Finnish telecommunications and consumer electronics company, Nokia Oyj and Italian midstream energy company, Snam SpA.
we also sold out of China’s internet search and online community leader, Baidu, Inc., leading electric utility across Asia, CLP Holdings Ltd, leading electric utility in Spain, Endesa S.A., Finnish telecommunications and consumer electronics company, Nokia Oyj and Italian midstream energy company, Snam SpA.
we also sold out of China’s internet search and online community leader, Baidu, Inc., leading electric utility across Asia, CLP Holdings Ltd, leading electric utility in Spain, Endesa S.A., Finnish telecommunications and consumer electronics company, Nokia Oyj and Italian midstream energy company, Snam SpA.
Finally, we bought Italian bank, Intesa Sanpaolo SpA.
By comparison, we successfully exited Italian bank, Banca Monte dei Paschi on valuation.
Also held
Its investment theses
- Bank Negara IndonesiaMar 2025Bank Negara Indonesia is repositioning its portfolio for growth by enhancing loan quality and targeting large enterprise clients, with potential for improved net-interest margins and return-on-equity as the economy develops.
- Intesa Sanpaolo SpAMar 2025Intesa Sanpaolo is well-positioned for organic growth and maximizing shareholder value with strong profit guidance and high return potential through capital returns.