Ariel Investments
Ariel Investments Small, Small Concentrated, Small/Mid and Mid Cap Value Strategies
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy and positions in 25 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.
Performance
as of Sep 30, 2026 · net of fees · USD · Ariel Small Cap Value Tax-Exempt
- YTD+14.0%index +17.0%
- 1Y+17.5%index +20.8%
- 3Y · /yr+16.1%index +17.9%
- 5Y · /yr+7.1%index +7.8%
- 10Y · /yr+10.0%index +9.4%
- Inception · /yr+11.4%index +10.4%
Index: Russell 2000 Value Index
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|---|
| Ariel Investments Small, Small Concentrated, Small/Mid and Mid Cap Value Strategies | +14.0% | +17.5% | +16.1% | +7.1% | +10.0% | +11.4% |
| Russell 2000 Value Index | +17.0% | +20.8% | +17.9% | +7.8% | +9.4% | +10.4% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
In our mid cap portfolio, we maintained our position in ADI Global Distribution and chose to exit Midera Food Processing, Inc., as well as Fiserv Inc. (FISV) to pursue other opportunities.
That said, we chose to exit ADI Global Distribution and Midera Food Processing in our small cap value concentrated portfolio to redeploy the proceeds into higher-conviction investments.
That said, we chose to exit ADI Global Distribution and Midera Food Processing in our small cap value concentrated portfolio to redeploy the proceeds into higher-conviction investments.
Additionally, after a painfully unsuccessful holding period, we eliminated pool and spa care services company, Leslie’s, Inc. (LESL), in our small cap portfolio as our conviction in the investment case weakened.
Stanley Black & Decker Sold in order to redeploy capital into higher conviction opportunities.
Kennametal, Inc. Sold on valuation.
New positions for quarter ending June 30, 2026: Company Name Company Description Small Cap Value Small Cap Value Con. Small/Mid Cap Value Mid Cap Value Haemonetics Corporation Developer and distributor of a broad portfolio of hematology products and solutions.
ADT, Inc. Sold in order to redeploy capital into higher conviction opportunities.
Hackett Group, Inc. Sold to pursue other opportunities.
nVent Electric plc Sold as the name grew beyond the upper limit of Ariel Small Cap Value and Ariel Small Cap Value Concentrated’s capitalization range.
Molson Coors Beverage Company Sold in order to redeploy capital into higher conviction opportunities.
Paramount Skydance Corporation Sold as the name approached our estimate of private market value.