John Rogers13F | |
Ariel Investment, LLC | |
Last update 2024-02-16 | 114 Stocks (8 new) |
Value $10.04 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 |
PM |
BIDU |
EQC |
JNJ |
MSFT |
DVA |
BAP |
INTC |
CHKP |
ITUB |
VZ |
NVST |
TFC |
LESL |
LH |
SNA |
CNHI |
RCL |
ATGE |
GNRC |
REZI |
TSM |
BMY |
MAS |
NVT |
KB |
GILD |
LAZ |
SPHR |
GNTX |
KKR |
VIV |
VT |
AXTA |
DOX |
MHK |
NOK |
AMG |
KMT |
KEYS |
KN |
KMX |
DNB |
IPG |
NTRS |
GS |
ACWX |
SJM |
BSAC |
AFL |
JHG |
OSW |
TIMB |
BWA |
MAT |
NCLH |
PARA |
SSD |
IQ |
BOKF |
CRL |
CVX |
GSK |
IWN |
NTAP |
NOV |
SWK |
SRCL |
WBA |
CME |
ABEV |
TPR |
BCO |
SCHW |
CLB |
LIND |
TAP |
BAC |
BYD |
CG |
HCKT |
IWS |
KFY |
MIDD |
PBH |
ZIMV |
VXUS |
KVUE |
ADT |
BIO |
BRC |
CBRE |
EVR |
FICO |
FAF |
FI |
FTRE |
GCMG |
HMN |
JLL |
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 |
PM | Philip Morris International Inc | 2023-12-31 | Reduce | -1.14% | 87.47 ($92.13) 95.27 | $97.40 | 5.72% | Reduce -47.36% | 1,294,542 | -1,164,768 | |
BIDU | Baidu Inc | 2023-12-31 | Reduce | -0.88% | 104.97 ($115.54) 134.76 | $113.41 | -1.84% | Reduce -28.81% | 1,527,971 | -618,355 | |
EQC | Equity Commonwealth | 2023-12-31 | Reduce | -0.84% | 18.19 ($18.9) 19.62 | $18.85 | -0.26% | Reduce -78.33% | 1,191,361 | -4,305,166 | |
JNJ | Johnson & Johnson | 2023-12-31 | Reduce | -0.73% | 145.6 ($153.34) 158.88 | $149.27 | -2.65% | Reduce -94.8% | 24,259 | -442,584 | |
MSFT | Microsoft Corp | 2023-12-31 | Reduce | -0.70% | 313.39 ($355.93) 382.7 | $406.66 | 14.25% | Reduce -36.43% | 367,682 | -210,715 | |
DVA | DaVita Inc | 2023-12-31 | New Buy | +0.69% | 73.2 ($92.39) 108.8 | $134.45 | 45.52% | New holding | 658,818 | 658,818 | |
BAP | Credicorp Ltd | 2023-12-31 | Reduce | -0.66% | 116.42 ($129.75) 153.97 | $168.64 | 29.97% | Reduce -45.05% | 597,310 | -489,643 | |
INTC | Intel Corp | 2023-12-31 | New Buy | +0.66% | 32.52 ($40.62) 50.76 | $30.90 | -23.93% | New holding | 1,324,437 | 1,324,437 | |
CHKP | Check Point Software Technologies Ltd | 2023-12-31 | Add | +0.63% | 129.45 ($141.27) 153.64 | $151.20 | 7.03% | Add 38.47% | 1,500,122 | 416,758 | |
ITUB | Itau Unibanco Holding SA | 2023-12-31 | Sold Out | -0.58% | 5.14 ($6.01) 7.04 | $6.34 | 5.49% | Sold Out | 0 | -10,161,278 | |
VZ | Verizon Communications Inc | 2023-12-31 | Reduce | -0.44% | 30.67 ($35.38) 38.65 | $38.89 | 9.92% | Reduce -37.97% | 2,112,712 | -1,293,153 | |
NVST | Envista Holdings Corp | 2023-12-31 | Add | +0.42% | 21.06 ($23.9) 27.57 | $19.00 | -20.50% | Add 33.01% | 7,096,942 | 1,761,364 | |
TFC | Truist Financial Corp | 2023-12-31 | New Buy | +0.39% | 27.03 ($31.4) 37.64 | $38.85 | 23.73% | New holding | 1,067,702 | 1,067,702 | |
LESL | Leslies Inc | 2023-12-31 | Add | +0.29% | 4.44 ($5.5) 7.11 | $4.71 | -14.36% | Add 16.98% | 29,231,420 | 4,244,003 | |
LH | Laboratory Corp of America Holdings | 2023-12-31 | Reduce | -0.28% | 197.69 ($210.07) 227.29 | $201.32 | -4.17% | Reduce -19.46% | 550,789 | -133,044 | |
SNA | Snap-on Inc | 2023-12-31 | Reduce | -0.27% | 250.2 ($269.85) 290.19 | $271.03 | 0.44% | Reduce -32.37% | 209,322 | -100,170 | |
CNHI | CNH Industrial NV | 2023-12-31 | New Buy | +0.21% | 9.8 ($11.16) 12.18 | $11.48 | 2.87% | New holding | 1,720,320 | 1,720,320 | |
RCL | Royal Caribbean Group | 2023-12-31 | Reduce | -0.21% | 80.04 ($101.93) 129.97 | $138.21 | 35.59% | Reduce -13.76% | 1,369,396 | -218,535 | |
ATGE | Adtalem Global Education Inc | 2023-12-31 | Reduce | -0.20% | 42.29 ($53.35) 61.51 | $60.08 | 12.61% | Reduce -13.51% | 2,772,618 | -433,170 | |
GNRC | Generac Holdings Inc | 2023-12-31 | Add | +0.20% | 82.2 ($109.71) 132.04 | $133.38 | 21.58% | Add 7.59% | 2,162,961 | 152,617 | |
REZI | Resideo Technologies Inc | 2023-12-31 | Reduce | -0.18% | 14.31 ($16.37) 19.02 | $20.49 | 25.17% | Reduce -7.91% | 12,672,096 | -1,088,010 | |
TSM | Taiwan Semiconductor Manufacturing Co Ltd | 2023-12-31 | New Buy | +0.18% | 85.41 ($95.37) 104.7 | $141.56 | 48.43% | New holding | 178,310 | 178,310 | |
BMY | Bristol-Myers Squibb Co | 2023-12-31 | Add | +0.17% | 48.48 ($52.49) 57.85 | $43.99 | -16.19% | Add 50.05% | 979,748 | 326,789 | |
MAS | Masco Corp | 2023-12-31 | Reduce | -0.17% | 48.33 ($58.08) 69.32 | $69.56 | 19.77% | Reduce -18.5% | 1,313,816 | -298,258 | |
NVT | nVent Electric PLC | 2023-12-31 | Reduce | -0.17% | 45.88 ($53.02) 59.29 | $75.89 | 43.13% | Reduce -13.98% | 1,834,628 | -298,124 | |
KB | KB Financial Group Inc | 2023-12-31 | New Buy | +0.15% | 38.15 ($40.48) 42.64 | $54.11 | 33.67% | New holding | 357,569 | 357,569 | |
GILD | Gilead Sciences Inc | 2023-12-31 | Reduce | -0.14% | 73.27 ($77.82) 83.09 | $64.78 | -16.76% | Reduce -18.86% | 749,740 | -174,247 | |
LAZ | Lazard Inc | 2023-12-31 | Reduce | -0.13% | 26.4 ($30.12) 35.21 | $39.05 | 29.65% | Reduce -5.54% | 6,771,311 | -396,788 | |
SPHR | Sphere Entertainment Co | 2023-12-31 | Add | +0.13% | 28.41 ($34.79) 41.29 | $40.51 | 16.44% | Add 8.17% | 4,982,899 | 376,172 | |
GNTX | Gentex Corp | 2023-12-31 | Reduce | -0.12% | 28.13 ($30.89) 32.94 | $34.13 | 10.49% | Reduce -5.2% | 6,555,072 | -359,480 | |
KKR | KKR & Co Inc | 2023-12-31 | Reduce | -0.12% | 54.1 ($67.71) 84.69 | $95.01 | 40.32% | Reduce -22.87% | 625,486 | -185,500 | |
VIV | Telefonica Brasil SA | 2023-12-31 | Reduce | -0.11% | 8.53 ($9.97) 11.08 | $9.95 | -0.20% | Reduce -49.69% | 1,281,097 | -1,265,492 | |
VT | Vanguard Total World Stock ETF | 2023-12-31 | New Buy | +0.11% | 88.97 ($96.23) 103.1 | $108.79 | 13.05% | New holding | 105,918 | 105,918 | |
AXTA | Axalta Coating Systems Ltd | 2023-12-31 | Reduce | -0.10% | 25.42 ($29.95) 34.25 | $35.20 | 17.53% | Reduce -7.06% | 4,779,430 | -363,251 | |
DOX | Amdocs Ltd | 2023-12-31 | Reduce | -0.09% | 78.69 ($83.32) 88.56 | $83.90 | 0.70% | Reduce -20.63% | 410,733 | -106,745 | |
MHK | Mohawk Industries Inc | 2023-12-31 | Add | +0.09% | 76.56 ($87.55) 105.75 | $116.37 | 32.92% | Add 4.34% | 2,148,476 | 89,376 | |
NOK | Nokia Oyj | 2023-12-31 | Sold Out | -0.09% | 3 ($3.4) 3.72 | $3.69 | 8.53% | Sold Out | 0 | -2,290,872 | |
AMG | Affiliated Managers Group Inc | 2023-12-31 | Add | +0.08% | 121.54 ($134.36) 153.44 | $160.35 | 19.34% | Add 4.59% | 1,242,696 | 54,550 | |
KMT | Kennametal Inc | 2023-12-31 | Reduce | -0.08% | 22.42 ($24.1) 26.87 | $24.54 | 1.83% | Reduce -3.32% | 9,413,890 | -323,063 | |
KEYS | Keysight Technologies Inc | 2023-12-31 | Add | +0.08% | 119.31 ($135.82) 160.34 | $149.18 | 9.84% | Add 24.81% | 267,457 | 53,173 | |
KN | Knowles Corp | 2023-12-31 | Add | +0.08% | 12.98 ($15.54) 18.33 | $16.57 | 6.63% | Add 10.08% | 5,003,153 | 458,293 | |
KMX | CarMax Inc | 2023-12-31 | Reduce | -0.07% | 60.39 ($67.22) 78.55 | $68.71 | 2.22% | Reduce -11.45% | 681,768 | -88,127 | |
DNB | Dun & Bradstreet Holdings Inc | 2023-12-31 | Add | +0.07% | 8.76 ($10.19) 11.85 | $9.72 | -4.61% | Add 17.61% | 4,184,455 | 626,583 | |
IPG | The Interpublic Group of Companies Inc | 2023-12-31 | Add | +0.07% | 27.56 ($30.11) 33.11 | $30.72 | 2.03% | Add 4.35% | 5,362,195 | 223,655 | |
NTRS | Northern Trust Corp | 2023-12-31 | Add | +0.07% | 63.06 ($73.95) 85.93 | $84.62 | 14.43% | Add 3.13% | 2,655,090 | 80,596 | |
GS | The Goldman Sachs Group Inc | 2023-12-31 | Reduce | -0.06% | 289.91 ($333.76) 386.41 | $438.18 | 31.29% | Reduce -8% | 210,779 | -18,318 | |
ACWX | iShares MSCI ACWI Ex US Index Fund | 2023-12-31 | Reduce | -0.06% | 44.98 ($48.13) 51.04 | $53.41 | 10.96% | Reduce -62.13% | 65,769 | -107,904 | |
SJM | JM Smucker Co | 2023-12-31 | Reduce | -0.06% | 108.2 ($115.87) 126.74 | $113.11 | -2.38% | Reduce -7.39% | 547,326 | -43,671 | |
BSAC | Banco Santander Chile | 2023-12-31 | Sold Out | -0.06% | 17.12 ($18.53) 20.3 | $18.15 | -2.05% | Sold Out | 0 | -287,523 | |
AFL | Aflac Inc | 2023-12-31 | Reduce | -0.05% | 75.43 ($80.58) 84.35 | $83.21 | 3.26% | Reduce -10.81% | 539,397 | -65,399 | |
JHG | Janus Henderson Group PLC | 2023-12-31 | Reduce | -0.05% | 22.27 ($25.83) 30.46 | $32.55 | 26.02% | Reduce -5.7% | 2,845,855 | -172,077 | |
OSW | OneSpaWorld Holdings Ltd | 2023-12-31 | Reduce | -0.05% | 10.06 ($11.63) 14.47 | $14.84 | 27.60% | Reduce -2.83% | 13,409,080 | -390,394 | |
TIMB | TIM SA | 2023-12-31 | Reduce | -0.05% | 14.42 ($16.78) 18.82 | $18.20 | 8.46% | Reduce -79.72% | 78,754 | -309,484 | |
BWA | BorgWarner Inc | 2023-12-31 | Reduce | -0.04% | 32.02 ($35.69) 39.97 | $36.44 | 2.10% | Reduce -7.49% | 1,179,001 | -95,442 | |
MAT | Mattel Inc | 2023-12-31 | Reduce | -0.04% | 18.19 ($19.45) 21.78 | $18.45 | -5.14% | Reduce -1.18% | 15,470,507 | -184,688 | |
NCLH | Norwegian Cruise Line Holdings Ltd | 2023-12-31 | Add | +0.04% | 12.76 ($16.04) 20.95 | $15.99 | -0.31% | Add 3.5% | 6,271,115 | 212,011 | |
PARA | Paramount Global | 2023-12-31 | Reduce | -0.04% | 10.7 ($13.39) 16.85 | $12.89 | -3.73% | Reduce -2.73% | 11,021,375 | -309,475 | |
SSD | Simpson Manufacturing Co Inc | 2023-12-31 | Reduce | -0.04% | 125.92 ($158.61) 200.91 | $181.05 | 14.15% | Reduce -6.27% | 397,310 | -26,588 | |
IQ | iQIYI Inc | 2023-12-31 | Sold Out | -0.04% | 4.4 ($4.73) 5.25 | $5.08 | 7.40% | Sold Out | 0 | -704,589 | |
BOKF | BOK Financial Corp | 2023-12-31 | Reduce | -0.03% | 63.93 ($75.43) 86.35 | $92.26 | 22.31% | Reduce -1.6% | 2,236,025 | -36,394 | |
CRL | Charles River Laboratories International Inc | 2023-12-31 | Reduce | -0.03% | 164.52 ($196.66) 238.84 | $233.47 | 18.72% | Reduce -1.49% | 1,050,698 | -15,902 | |
CVX | Chevron Corp | 2023-12-31 | Add | +0.03% | 141.77 ($151.24) 169.1 | $160.25 | 5.96% | Add 232.89% | 32,663 | 22,851 | |
GSK | GSK PLC | 2023-12-31 | Reduce | -0.03% | 34.17 ($35.9) 37.56 | $43.50 | 21.17% | Reduce -60.85% | 55,392 | -86,105 | |
IWN | iShares Russell 2000 Value ETF | 2023-12-31 | Add | +0.03% | 125.51 ($138.52) 158.2 | $154.21 | 11.33% | Add 76.78% | 45,347 | 19,696 | |
NTAP | NetApp Inc | 2023-12-31 | Add | +0.03% | 71.18 ($80.5) 91.39 | $104.64 | 29.99% | Add 3.39% | 929,672 | 30,517 | |
NOV | NOV Inc | 2023-12-31 | Reduce | -0.03% | 18.38 ($19.64) 21.06 | $18.54 | -5.60% | Reduce -7% | 1,589,766 | -119,743 | |
SWK | Stanley Black & Decker Inc | 2023-12-31 | Reduce | -0.03% | 77.23 ($88.04) 101.49 | $85.80 | -2.54% | Reduce -4.78% | 573,487 | -28,763 | |
SRCL | Stericycle Inc | 2023-12-31 | Add | +0.03% | 39.18 ($44.86) 50.45 | $46.18 | 2.94% | Add 1.49% | 4,392,583 | 64,547 | |
WBA | Walgreens Boots Alliance Inc | 2023-12-31 | Add | +0.03% | 19.94 ($22.35) 26.64 | $17.81 | -20.31% | Add 9.29% | 1,468,601 | 124,895 | |
CME | CME Group Inc | 2023-12-31 | Sold Out | -0.03% | 200.15 ($213.37) 220.06 | $207.65 | -2.68% | Sold Out | 0 | -13,271 | |
ABEV | Ambev SA | 2023-12-31 | Sold Out | -0.03% | 2.43 ($2.7) 2.98 | $2.43 | -10.00% | Sold Out | 0 | -1,091,998 | |
TPR | Tapestry Inc | 2023-12-31 | Sold Out | -0.03% | 26.59 ($30.79) 37.61 | $39.24 | 27.44% | Sold Out | 0 | -83,146 | |
BCO | The Brink's Co | 2023-12-31 | Reduce | -0.02% | 65.71 ($76.81) 89.33 | $90.58 | 17.93% | Reduce -1.3% | 1,884,461 | -24,762 | |
SCHW | Charles Schwab Corp | 2023-12-31 | Reduce | -0.02% | 49.33 ($57.75) 70.98 | $76.04 | 31.67% | Reduce -3.17% | 962,296 | -31,453 | |
CLB | Core Laboratories Inc | 2023-12-31 | Reduce | -0.02% | 16.84 ($20.15) 24.56 | $15.92 | -20.99% | Reduce -0.83% | 8,988,399 | -75,319 | |
LIND | Lindblad Expeditions Holdings Inc | 2023-12-31 | Add | +0.02% | 5.8 ($7.75) 11.39 | $7.33 | -5.35% | Add 1.61% | 8,608,216 | 136,158 | |
TAP | Molson Coors Beverage Co | 2023-12-31 | Reduce | -0.02% | 56.75 ($60.12) 64.24 | $57.85 | -3.78% | Reduce -8.68% | 384,562 | -36,561 | |
BAC | Bank of America Corp | 2023-12-31 | Add | +0.01% | 25.17 ($29.12) 33.94 | $37.25 | 27.92% | Add 12.95% | 176,881 | 20,273 | |
BYD | Boyd Gaming Corp | 2023-12-31 | Add | +0.01% | 53.85 ($59.26) 63.06 | $54.12 | -8.67% | Add 0.73% | 3,072,165 | 22,216 | |
CG | The Carlyle Group Inc | 2023-12-31 | Add | +0.01% | 27.54 ($32.93) 41.99 | $41.06 | 24.69% | Add 0.36% | 6,387,318 | 22,790 | |
HCKT | The Hackett Group Inc | 2023-12-31 | Reduce | -0.01% | 21.22 ($22.66) 23.98 | $22.14 | -2.29% | Reduce -7.86% | 695,175 | -59,289 | |
IWS | iShares Russell Mid-Cap Value ETF | 2023-12-31 | New Buy | +0.01% | 97.63 ($106.54) 117.08 | $120.70 | 13.29% | New holding | 6,352 | 6,352 | |
KFY | Korn Ferry | 2023-12-31 | Add | +0.01% | 44.81 ($51.06) 59.46 | $62.27 | 21.95% | Add 1.57% | 825,510 | 12,734 | |
MIDD | The Middleby Corp | 2023-12-31 | Add | +0.01% | 111.05 ($127.03) 148.84 | $140.08 | 10.27% | Add 1.16% | 297,464 | 3,421 | |
PBH | Prestige Consumer Healthcare Inc | 2023-12-31 | Add | +0.01% | 57 ($59.38) 61.94 | $70.00 | 17.88% | Add 0.83% | 2,555,777 | 20,991 | |
ZIMV | ZimVie Inc | 2023-12-31 | Reduce | -0.01% | 6.73 ($10.07) 18.28 | $15.80 | 56.90% | Reduce -39.74% | 186,827 | -123,187 | |
VXUS | Vanguard Total International Stock | 2023-12-31 | Sold Out | -0.01% | 51.06 ($54.6) 57.96 | $60.39 | 10.60% | Sold Out | 0 | -19,705 | |
KVUE | Kenvue Inc | 2023-12-31 | Sold Out | -0.01% | 18.21 ($20.01) 21.55 | $19.20 | -4.05% | Sold Out | 0 | -54,688 | |
ADT | ADT Inc | 2023-12-31 | Add | 0% | 5.58 ($6.23) 6.88 | $6.68 | 7.22% | Add 0.08% | 22,447,847 | 18,440 | |
BIO | Bio-Rad Laboratories Inc | 2023-12-31 | Reduce | 0% | 269.37 ($313.43) 365.04 | $279.83 | -10.72% | Reduce -1.15% | 4,477 | -52 | |
BRC | Brady Corp | 2023-12-31 | Add | 0% | 51.46 ($55.15) 59.52 | $59.45 | 7.80% | Add 1.82% | 292,849 | 5,244 | |
CBRE | CBRE Group Inc | 2023-12-31 | Reduce | 0% | 65.76 ($77.74) 93.82 | $86.61 | 11.41% | Reduce -0.43% | 795,965 | -3,408 | |
EVR | Evercore Inc | 2023-12-31 | Reduce | 0% | 126.39 ($144.77) 173.41 | $189.83 | 31.13% | Reduce -1.26% | 162,750 | -2,085 | |
FICO | Fair Isaac Corp | 2023-12-31 | Add | 0% | 825.1 ($1006.47) 1170.61 | $1,193.01 | 18.53% | Add 6.67% | 352 | 22 | |
FAF | First American Financial Corp | 2023-12-31 | Add | 0% | 50.06 ($57.03) 65.13 | $54.38 | -4.65% | Add 0.16% | 3,656,484 | 5,778 | |
FI | Fiserv Inc | 2023-12-31 | Add | 0% | 109.61 ($122.71) 135.22 | $149.22 | 21.60% | Add 6.81% | 4,316 | 275 | |
FTRE | Fortrea Holdings Inc | 2023-12-31 | Reduce | 0% | 27.12 ($30.57) 35.25 | $37.41 | 22.37% | Reduce -2.57% | 18,759 | -495 | |
GCMG | GCM Grosvenor Inc | 2023-12-31 | Add | 0% | 7.55 ($8.33) 9.18 | $9.68 | 16.21% | Add 0.19% | 4,442,113 | 8,383 | |
HMN | Horace Mann Educators Corp | 2023-12-31 | Add | 0% | 28.67 ($32.09) 33.78 | $37.52 | 16.92% | Add 1.42% | 345,816 | 4,835 | |
JLL | Jones Lang LaSalle Inc | 2023-12-31 | Add | 0% | 121.97 ($151.29) 189.98 | $185.52 | 22.63% | Add 0.11% | 1,575,958 | 1,666 |
Total 797
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