John Rogers13F | |
Ariel Investment, LLC | |
Last update 2024-05-14 | 115 Stocks (6 new) |
Value $10.17 Bil | Turnover 5 % |
Portfolio Report |
John Rogers Investing Philosophy
Rogers has concentrated his investment selection on small and medium-sized companies whose share prices are undervalued. He believes that patience, independent thinking and a long-term outlook are essential to achieving good returns.
His fund seeks to purchase companies whose characteristics include high barriers to entry, sustainable competitive advantages and predictable fundamentals that allow for double digit cash earnings growth. Rogers purchases companies when they are trading at a low valuation relative to potential earnings (p/e less than 13x forward cash earnings) and/or a low valuation relative to intrinsic worth (40% discount to private market value).
His fund seeks to purchase companies whose characteristics include high barriers to entry, sustainable competitive advantages and predictable fundamentals that allow for double digit cash earnings growth. Rogers purchases companies when they are trading at a low valuation relative to potential earnings (p/e less than 13x forward cash earnings) and/or a low valuation relative to intrinsic worth (40% discount to private market value).
John Rogers Portfolio and Latest Trades
Ticker |
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Ticker |
APTV |
PM |
CG |
CVS |
ADT |
BIDU |
SJM |
COF |
SNA |
NVST |
DOX |
CLB |
TDC |
LESL |
MHK |
CRL |
JLL |
NVT |
ZBRA |
BYD |
NTAP |
MGPI |
EQC |
BIO |
BMY |
CHKP |
JHG |
MAS |
OSW |
RCL |
ATGE |
LAZ |
BCO |
AMG |
KKR |
VZ |
PARA |
REZI |
SSD |
AXTA |
CNH |
NOV |
VIV |
SCHW |
FAF |
NTRS |
VT |
CBRE |
NCLH |
SRCL |
VEA |
WBA |
BOKF |
BAP |
MSGE |
MANU |
SPHR |
BWA |
EVR |
KMT |
GNTX |
IPG |
DVA |
MIDD |
GNRC |
GS |
HMN |
KN |
ZBH |
ACWX |
KMX |
DNB |
KB |
LIND |
MSGS |
MAT |
TAP |
TSM |
TFC |
MTN |
GSK |
GILD |
INTC |
IWN |
IWS |
KFY |
LH |
LFUS |
MTB |
MSFT |
TIMB |
ZIMV |
FTRE |
AFL |
BRC |
FICO |
FI |
GCMG |
HCKT |
KEYS |
Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
---|---|---|---|---|---|---|---|---|---|---|---|
Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
APTV | Aptiv PLC | 2024-03-31 | New Buy | +0.84% | 76.2 ($80.64) 90.17 | $81.75 | 1.38% | New holding | 1,078,219 | 1,078,219 | |
PM | Philip Morris International Inc | 2024-03-31 | Reduce | -0.81% | 88.98 ($92.21) 96.29 | $100.42 | 8.90% | Reduce -67.33% | 422,888 | -871,654 | |
CG | The Carlyle Group Inc | 2024-03-31 | Reduce | -0.61% | 38.45 ($43.22) 47.62 | $43.99 | 1.78% | Reduce -23.55% | 4,882,920 | -1,504,398 | |
CVS | CVS Health Corp | 2024-03-31 | New Buy | +0.48% | 71.99 ($76.39) 81.42 | $57.01 | -25.37% | New holding | 606,609 | 606,609 | |
ADT | ADT Inc | 2024-03-31 | Add | +0.47% | 6.12 ($6.64) 7.47 | $7.32 | 10.17% | Add 31.77% | 29,579,797 | 7,131,950 | |
BIDU | Baidu Inc | 2024-03-31 | Reduce | -0.46% | 97.81 ($106.48) 118.32 | $103.19 | -3.09% | Reduce -25.41% | 1,139,721 | -388,250 | |
SJM | JM Smucker Co | 2024-03-31 | Add | +0.40% | 117.54 ($126.61) 133.74 | $110.42 | -12.78% | Add 58.66% | 868,375 | 321,049 | |
COF | Capital One Financial Corp | 2024-03-31 | New Buy | +0.39% | 124.92 ($135.42) 148.89 | $137.82 | 1.77% | New holding | 263,724 | 263,724 | |
SNA | Snap-on Inc | 2024-03-31 | Reduce | -0.39% | 262.09 ($283.85) 296.94 | $272.00 | -4.18% | Reduce -65.2% | 72,843 | -136,479 | |
NVST | Envista Holdings Corp | 2024-03-31 | Add | +0.38% | 20.64 ($22.67) 25.45 | $18.12 | -20.07% | Add 25.3% | 8,892,200 | 1,795,258 | |
DOX | Amdocs Ltd | 2024-03-31 | Sold Out | -0.36% | 87.06 ($91.14) 93.57 | $81.94 | -10.09% | Sold Out | 0 | -410,733 | |
CLB | Core Laboratories Inc | 2024-03-31 | Add | +0.31% | 14.11 ($15.73) 17.49 | $18.43 | 17.13% | Add 20.44% | 10,825,657 | 1,837,258 | |
TDC | Teradata Corp | 2024-03-31 | New Buy | +0.30% | 36.89 ($42.17) 48.99 | $32.94 | -21.89% | New holding | 801,592 | 801,592 | |
LESL | Leslies Inc | 2024-03-31 | Reduce | -0.29% | 6.45 ($7.16) 8.18 | $4.96 | -30.66% | Reduce -14.53% | 24,982,878 | -4,248,542 | |
MHK | Mohawk Industries Inc | 2024-03-31 | Reduce | -0.29% | 97.57 ($112.34) 130.89 | $115.62 | 2.92% | Reduce -12.93% | 1,870,760 | -277,716 | |
CRL | Charles River Laboratories International Inc | 2024-03-31 | Reduce | -0.28% | 203.52 ($238.81) 273.43 | $217.49 | -8.93% | Reduce -11.22% | 932,807 | -117,891 | |
JLL | Jones Lang LaSalle Inc | 2024-03-31 | Reduce | -0.26% | 168.7 ($181.9) 195.09 | $197.95 | 8.82% | Reduce -8.84% | 1,436,655 | -139,303 | |
NVT | nVent Electric PLC | 2024-03-31 | Reduce | -0.26% | 55.78 ($64.23) 75.41 | $83.19 | 29.53% | Reduce -23.64% | 1,400,841 | -433,787 | |
ZBRA | Zebra Technologies Corp | 2024-03-31 | Reduce | -0.25% | 239.17 ($267.63) 301.44 | $325.09 | 21.47% | Reduce -19.18% | 380,212 | -90,249 | |
BYD | Boyd Gaming Corp | 2024-03-31 | Reduce | -0.24% | 61.51 ($63.75) 67.32 | $52.54 | -17.58% | Reduce -12.25% | 2,695,707 | -376,458 | |
NTAP | NetApp Inc | 2024-03-31 | Reduce | -0.24% | 84.6 ($92.7) 105.31 | $115.12 | 24.19% | Reduce -28.72% | 662,670 | -267,002 | |
MGPI | MGP Ingredients Inc | 2024-03-31 | New Buy | +0.23% | 77.81 ($86.66) 98.11 | $77.55 | -10.51% | New holding | 267,720 | 267,720 | |
EQC | Equity Commonwealth | 2024-03-31 | Sold Out | -0.23% | 18.2 ($18.99) 19.81 | $19.22 | 1.21% | Sold Out | 0 | -1,191,361 | |
BIO | Bio-Rad Laboratories Inc | 2024-03-31 | Add | +0.20% | 304.11 ($328.84) 351.99 | $288.83 | -12.17% | Add 1353.92% | 65,092 | 60,615 | |
BMY | Bristol-Myers Squibb Co | 2024-03-31 | Reduce | -0.18% | 47.98 ($50.94) 54.4 | $41.71 | -18.12% | Reduce -35.28% | 634,113 | -345,635 | |
CHKP | Check Point Software Technologies Ltd | 2024-03-31 | Reduce | -0.18% | 151.05 ($160.29) 166.48 | $153.67 | -4.13% | Reduce -7.84% | 1,382,533 | -117,589 | |
JHG | Janus Henderson Group PLC | 2024-03-31 | Reduce | -0.18% | 28.51 ($30.57) 32.98 | $34.06 | 11.42% | Reduce -21.3% | 2,239,781 | -606,074 | |
MAS | Masco Corp | 2024-03-31 | Reduce | -0.18% | 64.23 ($72.04) 78.88 | $68.19 | -5.35% | Reduce -20.34% | 1,046,558 | -267,258 | |
OSW | OneSpaWorld Holdings Ltd | 2024-03-31 | Reduce | -0.18% | 12.42 ($13.53) 14.96 | $15.37 | 13.60% | Reduce -9.83% | 12,091,111 | -1,317,969 | |
RCL | Royal Caribbean Group | 2024-03-31 | Reduce | -0.18% | 114.9 ($124.88) 139.72 | $147.52 | 18.13% | Reduce -10.02% | 1,232,213 | -137,183 | |
ATGE | Adtalem Global Education Inc | 2024-03-31 | Add | +0.16% | 45.68 ($52.23) 62.21 | $64.84 | 24.15% | Add 11.06% | 3,079,317 | 306,699 | |
LAZ | Lazard Inc | 2024-03-31 | Reduce | -0.16% | 36.12 ($38.95) 41.87 | $40.84 | 4.84% | Reduce -6.68% | 6,318,658 | -452,653 | |
BCO | The Brink's Co | 2024-03-31 | Reduce | -0.15% | 79.34 ($83.11) 92.38 | $99.50 | 19.72% | Reduce -9.11% | 1,712,701 | -171,760 | |
AMG | Affiliated Managers Group Inc | 2024-03-31 | Add | +0.14% | 146.42 ($155.46) 167.47 | $158.12 | 1.71% | Add 6.78% | 1,327,009 | 84,313 | |
KKR | KKR & Co Inc | 2024-03-31 | Reduce | -0.13% | 79.89 ($91.97) 101.64 | $106.92 | 16.26% | Reduce -24.18% | 474,246 | -151,240 | |
VZ | Verizon Communications Inc | 2024-03-31 | Reduce | -0.13% | 37.9 ($40.34) 42.49 | $39.70 | -1.58% | Reduce -16.47% | 1,764,848 | -347,864 | |
PARA | Paramount Global | 2024-03-31 | Add | +0.12% | 10.21 ($12.58) 14.69 | $11.99 | -4.69% | Add 9.33% | 12,049,689 | 1,028,314 | |
REZI | Resideo Technologies Inc | 2024-03-31 | Reduce | -0.12% | 16.5 ($19.75) 23 | $21.54 | 9.04% | Reduce -5.09% | 12,026,500 | -645,596 | |
SSD | Simpson Manufacturing Co Inc | 2024-03-31 | Reduce | -0.11% | 179.89 ($193.72) 214.83 | $169.43 | -12.54% | Reduce -14.6% | 339,283 | -58,027 | |
AXTA | Axalta Coating Systems Ltd | 2024-03-31 | Reduce | -0.10% | 30.65 ($32.66) 34.39 | $34.98 | 7.10% | Reduce -6.35% | 4,475,887 | -303,543 | |
CNH | CNH Industrial NV | 2024-03-31 | Add | +0.10% | 11.42 ($12.1) 12.96 | $10.81 | -10.62% | Add 46.27% | 2,516,318 | 795,998 | |
NOV | NOV Inc | 2024-03-31 | Add | +0.10% | 16.87 ($18.6) 21 | $18.27 | -1.77% | Add 33.53% | 2,122,818 | 533,052 | |
VIV | Telefonica Brasil SA | 2024-03-31 | Reduce | -0.10% | 10.06 ($10.51) 11.35 | $8.91 | -15.22% | Reduce -74.89% | 321,737 | -959,360 | |
SCHW | Charles Schwab Corp | 2024-03-31 | Reduce | -0.09% | 61.89 ($65.86) 72.38 | $73.38 | 11.42% | Reduce -13.54% | 831,990 | -130,306 | |
FAF | First American Financial Corp | 2024-03-31 | Reduce | -0.09% | 54.34 ($59.06) 62.49 | $55.75 | -5.60% | Reduce -3.94% | 3,512,539 | -143,945 | |
NTRS | Northern Trust Corp | 2024-03-31 | Reduce | -0.09% | 77.47 ($82.02) 88.92 | $83.27 | 1.52% | Reduce -3.87% | 2,552,389 | -102,701 | |
VT | Vanguard Total World Stock ETF | 2024-03-31 | Add | +0.09% | 100.68 ($105.74) 110.5 | $112.15 | 6.06% | Add 75.11% | 185,476 | 79,558 | |
CBRE | CBRE Group Inc | 2024-03-31 | Reduce | -0.08% | 83.34 ($89.8) 98.12 | $88.75 | -1.17% | Reduce -11.37% | 705,449 | -90,516 | |
NCLH | Norwegian Cruise Line Holdings Ltd | 2024-03-31 | Reduce | -0.08% | 15.93 ($18.19) 21.34 | $16.04 | -11.82% | Reduce -6.71% | 5,850,417 | -420,698 | |
SRCL | Stericycle Inc | 2024-03-31 | Reduce | -0.08% | 47.21 ($50.31) 55.65 | $44.90 | -10.75% | Reduce -3.63% | 4,233,220 | -159,363 | |
VEA | Vanguard FTSE Developed Markets ETF | 2024-03-31 | Reduce | -0.08% | 46.21 ($48.29) 50.27 | $50.70 | 4.99% | Reduce -52.56% | 155,739 | -172,544 | |
WBA | Walgreens Boots Alliance Inc | 2024-03-31 | Add | +0.08% | 20.51 ($22.22) 26.65 | $16.24 | -26.91% | Add 25.29% | 1,839,987 | 371,386 | |
BOKF | BOK Financial Corp | 2024-03-31 | Reduce | -0.07% | 79.78 ($84.77) 92 | $92.16 | 8.72% | Reduce -3.65% | 2,154,389 | -81,636 | |
BAP | Credicorp Ltd | 2024-03-31 | Reduce | -0.07% | 145.75 ($160.86) 177.67 | $163.80 | 1.83% | Reduce -7.7% | 551,341 | -45,969 | |
MSGE | Madison Square Garden Entertainment Corp | 2024-03-31 | Reduce | -0.07% | 30.17 ($35.65) 39.21 | $36.58 | 2.61% | Reduce -3.06% | 6,990,944 | -220,515 | |
MANU | Manchester United PLC | 2024-03-31 | Reduce | -0.07% | 13.73 ($17.62) 21.7 | $16.66 | -5.48% | Reduce -5.73% | 5,306,733 | -322,846 | |
SPHR | Sphere Entertainment Co | 2024-03-31 | Add | +0.07% | 30.33 ($40.08) 50.89 | $37.10 | -7.44% | Add 2.72% | 5,118,540 | 135,641 | |
BWA | BorgWarner Inc | 2024-03-31 | Reduce | -0.06% | 30.16 ($32.71) 35.94 | $35.73 | 9.23% | Reduce -14.95% | 1,002,790 | -176,211 | |
EVR | Evercore Inc | 2024-03-31 | Reduce | -0.06% | 163.68 ($180.93) 196.33 | $201.41 | 11.32% | Reduce -22.43% | 126,243 | -36,507 | |
KMT | Kennametal Inc | 2024-03-31 | Reduce | -0.06% | 23.41 ($24.62) 25.54 | $25.14 | 2.11% | Reduce -2.31% | 9,196,442 | -217,448 | |
GNTX | Gentex Corp | 2024-03-31 | Reduce | -0.05% | 31.36 ($34.59) 37.1 | $34.18 | -1.19% | Reduce -2.27% | 6,406,359 | -148,713 | |
IPG | The Interpublic Group of Companies Inc | 2024-03-31 | Add | +0.05% | 30.78 ($32.38) 33.4 | $31.81 | -1.76% | Add 2.88% | 5,516,550 | 154,355 | |
DVA | DaVita Inc | 2024-03-31 | Reduce | -0.04% | 103.89 ($119.95) 139.21 | $132.54 | 10.50% | Reduce -6.46% | 616,270 | -42,548 | |
MIDD | The Middleby Corp | 2024-03-31 | Add | +0.04% | 135.39 ($147.31) 160.79 | $126.80 | -13.92% | Add 8.53% | 322,823 | 25,359 | |
GNRC | Generac Holdings Inc | 2024-03-31 | Reduce | -0.03% | 110.09 ($117.3) 130.47 | $148.00 | 26.17% | Reduce -0.93% | 2,142,852 | -20,109 | |
GS | The Goldman Sachs Group Inc | 2024-03-31 | Reduce | -0.03% | 376.91 ($388.06) 417.69 | $462.00 | 19.05% | Reduce -4.17% | 201,995 | -8,784 | |
HMN | Horace Mann Educators Corp | 2024-03-31 | Reduce | -0.03% | 32.8 ($35.46) 37.72 | $33.96 | -4.23% | Reduce -27.38% | 251,127 | -94,689 | |
KN | Knowles Corp | 2024-03-31 | Add | +0.03% | 15.09 ($16.38) 17.65 | $17.46 | 6.59% | Add 3.68% | 5,187,144 | 183,991 | |
ZBH | Zimmer Biomet Holdings Inc | 2024-03-31 | Reduce | -0.03% | 119.98 ($124.91) 132.61 | $118.92 | -4.80% | Reduce -7.83% | 288,809 | -24,539 | |
ACWX | iShares MSCI ACWI Ex US Index Fund | 2024-03-31 | Sold Out | -0.03% | 48.96 ($51.33) 53.42 | $54.58 | 6.33% | Sold Out | 0 | -65,769 | |
KMX | CarMax Inc | 2024-03-31 | Reduce | -0.02% | 67.45 ($75.64) 87.11 | $68.84 | -8.99% | Reduce -4.2% | 653,147 | -28,621 | |
DNB | Dun & Bradstreet Holdings Inc | 2024-03-31 | Add | +0.02% | 9.36 ($10.92) 12 | $10.31 | -5.54% | Add 3.86% | 4,346,134 | 161,679 | |
KB | KB Financial Group Inc | 2024-03-31 | Reduce | -0.02% | 36.8 ($47.19) 58.09 | $56.62 | 19.98% | Reduce -10.81% | 318,915 | -38,654 | |
LIND | Lindblad Expeditions Holdings Inc | 2024-03-31 | Add | +0.02% | 8.27 ($9.21) 10.83 | $8.45 | -8.25% | Add 3.12% | 8,877,212 | 268,996 | |
MSGS | Madison Square Garden Sports Corp | 2024-03-31 | Reduce | -0.02% | 177.48 ($185.83) 194.73 | $183.87 | -1.05% | Reduce -1.04% | 937,125 | -9,857 | |
MAT | Mattel Inc | 2024-03-31 | Add | +0.02% | 17.41 ($18.95) 20.27 | $17.60 | -7.12% | Add 0.73% | 15,583,293 | 112,786 | |
TAP | Molson Coors Beverage Co | 2024-03-31 | Add | +0.02% | 59.73 ($63.41) 68 | $54.06 | -14.75% | Add 7.02% | 411,573 | 27,011 | |
TSM | Taiwan Semiconductor Manufacturing Co Ltd | 2024-03-31 | Reduce | -0.02% | 99.13 ($124.2) 149.2 | $158.34 | 27.49% | Reduce -10.24% | 160,054 | -18,256 | |
TFC | Truist Financial Corp | 2024-03-31 | Reduce | -0.02% | 34.53 ($36.58) 38.98 | $38.50 | 5.25% | Reduce -3.99% | 1,025,069 | -42,633 | |
MTN | Vail Resorts Inc | 2024-03-31 | Add | +0.02% | 206.9 ($222.31) 236.85 | $190.66 | -14.23% | Add 3.39% | 223,421 | 7,327 | |
GSK | GSK PLC | 2024-03-31 | Sold Out | -0.02% | 37.51 ($41.24) 43.58 | $45.35 | 9.97% | Sold Out | 0 | -55,392 | |
GILD | Gilead Sciences Inc | 2024-03-31 | Reduce | -0.01% | 71.58 ($76.9) 87.29 | $67.23 | -12.57% | Reduce -0.91% | 742,900 | -6,840 | |
INTC | Intel Corp | 2024-03-31 | Reduce | -0.01% | 41.83 ($44.56) 49.55 | $30.70 | -31.12% | Reduce -1.13% | 1,309,523 | -14,914 | |
IWN | iShares Russell 2000 Value ETF | 2024-03-31 | Reduce | -0.01% | 145.61 ($151.45) 158.81 | $155.42 | 2.62% | Reduce -9.5% | 41,040 | -4,307 | |
IWS | iShares Russell Mid-Cap Value ETF | 2024-03-31 | Reduce | -0.01% | 112.43 ($117.76) 125.33 | $123.10 | 4.53% | Reduce -70.4% | 1,880 | -4,472 | |
KFY | Korn Ferry | 2024-03-31 | Reduce | -0.01% | 55.17 ($60.33) 66.14 | $64.72 | 7.28% | Reduce -1.07% | 816,690 | -8,820 | |
LH | Laboratory Corp of America Holdings | 2024-03-31 | Reduce | -0.01% | 209.01 ($220.28) 232.56 | $200.04 | -9.19% | Reduce -1.13% | 544,574 | -6,215 | |
LFUS | Littelfuse Inc | 2024-03-31 | Add | +0.01% | 229.39 ($240.27) 261.8 | $264.96 | 10.28% | Add 1.77% | 347,223 | 6,030 | |
MTB | M&T Bank Corp | 2024-03-31 | Reduce | -0.01% | 130.47 ($138.55) 145.85 | $152.42 | 10.01% | Reduce -71.72% | 2,639 | -6,693 | |
MSFT | Microsoft Corp | 2024-03-31 | Reduce | -0.01% | 367.75 ($404.82) 429.37 | $431.88 | 6.68% | Reduce -0.51% | 365,791 | -1,891 | |
TIMB | TIM SA | 2024-03-31 | Reduce | -0.01% | 17.46 ($18.15) 19.03 | $16.25 | -10.47% | Reduce -70.37% | 23,336 | -55,418 | |
ZIMV | ZimVie Inc | 2024-03-31 | Reduce | -0.01% | 15.92 ($17.81) 20.69 | $17.50 | -1.77% | Reduce -42.94% | 106,604 | -80,223 | |
FTRE | Fortrea Holdings Inc | 2024-03-31 | Sold Out | -0.01% | 29.99 ($34.68) 40.14 | $25.85 | -25.46% | Sold Out | 0 | -18,759 | |
AFL | Aflac Inc | 2024-03-31 | Reduce | 0% | 76.2 ($81.98) 85.86 | $87.74 | 7.03% | Reduce -0.23% | 538,133 | -1,264 | |
BRC | Brady Corp | 2024-03-31 | Reduce | 0% | 56.63 ($59.66) 62.88 | $67.16 | 12.57% | Reduce -1.23% | 289,233 | -3,616 | |
FICO | Fair Isaac Corp | 2024-03-31 | Add | 0% | 1115.46 ($1250.79) 1334.99 | $1,370.97 | 9.61% | Add 6.82% | 376 | 24 | |
FI | Fiserv Inc | 2024-03-31 | Add | 0% | 131.75 ($145.64) 159.82 | $151.87 | 4.27% | Add 6.97% | 4,617 | 301 | |
GCMG | GCM Grosvenor Inc | 2024-03-31 | Add | 0% | 8.35 ($8.7) 9.66 | $9.82 | 12.87% | Add 0.85% | 4,480,080 | 37,967 | |
HCKT | The Hackett Group Inc | 2024-03-31 | Reduce | 0% | 21.99 ($23.7) 25.13 | $21.47 | -9.41% | Reduce -1.53% | 684,509 | -10,666 | |
KEYS | Keysight Technologies Inc | 2024-03-31 | Reduce | 0% | 144.04 ($153.78) 161.52 | $145.47 | -5.41% | Reduce -0.79% | 265,351 | -2,106 |
Total 908
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