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John Rogers - Ariel Appreciation Fund – Largest Position Reductions (2025 Q3)

This report summarizes the most meaningful reductions and sell-offs made by John Rogers - Ariel Appreciation Fund in 2025 Q3. The analysis highlights which positions were trimmed or exited, providing insight into how the investor adjusted risk exposure and portfolio strategy.

Symbol Shares Reported Price(USD) Action Change % Portfolio Weight Position Value Filing Period
GNRC 189,517 $167.4 Reduced -21.78% 3.59% $31.73M 2025 Q3
SPHR 494,037 $62.12 Reduced -16.29% 3.47% $30.69M 2025 Q3
KN 1,175,335 $23.31 Reduced -7.08% 3.10% $27.4M 2025 Q3
CG 430,929 $62.7 Reduced -11.50% 3.06% $27.02M 2025 Q3
BIO 89,842 $280.39 Reduced -3.61% 2.85% $25.19M 2025 Q3
LAZ 461,635 $52.78 Reduced -9.51% 2.76% $24.37M 2025 Q3
JLL 81,550 $298.28 Reduced -4.00% 2.75% $24.32M 2025 Q3
NVST 1,150,573 $20.37 Reduced -3.60% 2.65% $23.44M 2025 Q3
REZI 530,283 $43.18 Reduced -29.25% 2.59% $22.9M 2025 Q3
NTRS 156,598 $134.6 Reduced -11.52% 2.38% $21.08M 2025 Q3
SCHW 193,841 $95.47 Reduced -13.19% 2.09% $18.51M 2025 Q3
KKR 141,527 $129.95 Reduced -15.11% 2.08% $18.39M 2025 Q3
ADT 1,881,141 $8.71 Reduced -5.15% 1.85% $16.38M 2025 Q3
MANU 883,528 $15.14 Reduced -5.30% 1.51% $13.38M 2025 Q3
LFUS 51,029 $259.01 Reduced -15.94% 1.50% $13.22M 2025 Q3
KMT 373,802 $20.93 Reduced -37.58% 0.89% $7.82M 2025 Q3
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