Ariel Investments

Q1 2016 13F · by John Rogers, CIO

As of: Mar 31, 2016
Filed: May 13, 2016
US stock: $8.3B · prev $8.3B
Positions: 194 · prev 196
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves207 since the prior filing

+6.3 pp in · −6.3 pp out

New 16 +1.26 pp
Added 104 +5.04 pp
Trimmed 69 −3.70 pp
Exited 18 −2.59 pp

The book

Diversified · behaves like 73 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 36% a year, about 2.8 years per position

Low
Moderate
High

Top 5 positions13% of US stock

LAZ Lazard, Inc. added+0.04 pp added+0.043.0%
KMT Kennametal Inc. added+0.51 pp added+0.513.0%
FAF First American Financial Corporation trimmed+0.11 pp trimmed+0.112.8%
IPG The Interpublic Group of Companies, Inc. trimmed−0.34 pp trimmed−0.342.2%
99803EUR Laboratory Crp Of Amer Hldgs trimmed−0.24 pp trimmed−0.242.2%

Positions194 in this filing · 18 exited


LAZLazard, Inc.	3.03%	6,481,882	$251M	added+17%	+0.04 pp	12 q
KMTKennametal Inc.	2.95%	10,890,898	$245M	added+3%	+0.51 pp	8 q
FAFFirst American Financial Corporation	2.75%	5,981,316	$228M	trimmed−3%	+0.11 pp	12 q
IPGThe Interpublic Group of Companies, Inc.	2.24%	8,093,242	$186M	trimmed−13%	−0.34 pp	12 q
99803EURLaboratory Crp Of Amer Hldgs	2.24%	1,587,342	$186M	trimmed−5%	−0.24 pp	9 q
BRSBristow Group, Inc.	2.23%	9,801,510	$185M	added+24%	−0.22 pp	12 q
AXEAnixter International Inc	2.08%	3,319,760	$173M	added+3%	−0.26 pp	12 q
JLLJones Lang LaSalle, Inc.	2.05%	1,453,543	$171M	added+28%	−0.13 pp	12 q
SJMThe J.M. Smucker Company	2.04%	1,301,810	$169M	trimmed−27%	−0.58 pp	12 q
NTRSNorthern Trust Corp	2.00%	2,549,540	$166M	added+59%	+0.61 pp	12 q
TGNATEGNA Inc.	1.93%	6,834,875	$160M	added+2%	−0.11 pp	4 q
BIDUBaidu, Inc.	1.91%	832,263	$159M	added+3%	+0.08 pp	12 q
ISCAInternational Speedway Corp	1.88%	4,218,675	$156M	trimmed−21%	−0.27 pp	12 q
unresolvedKkr & Co L P DEL	1.82%	10,299,277	$151M	added+25%	+0.27 pp	12 q
WUThe Western Union Company	1.81%	7,770,991	$150M	trimmed−14%	−0.13 pp	12 q
MATMattel, Inc.	1.79%	4,419,470	$149M	trimmed−25%	−0.12 pp	4 q
BIOBio-Rad Laboratories, Inc.Class A	1.65%	1,004,492	$137M	trimmed−0%	−0.02 pp	12 q
MSFTMicrosoft Corp	1.65%	2,475,772	$137M	added0%	0.00 pp	12 q
ZBHZimmer Biomet Holdings, Inc.	1.64%	1,274,825	$136M	trimmed−5%	0.00 pp	12 q
BRCBrady Corporation	1.55%	4,786,292	$128M	trimmed−3%	+0.18 pp	12 q
CRLCharles River Laboratories International, Inc.	1.52%	1,666,955	$127M	trimmed−4%	−0.16 pp	12 q
GILDGilead Sciences Inc	1.51%	1,360,492	$125M	added+4%	−0.08 pp	12 q
AFLAflac Inc.	1.49%	1,962,516	$124M	trimmed−7%	−0.03 pp	12 q
SWKStanley Black & Decker, Inc.	1.47%	1,157,803	$122M	trimmed−14%	−0.25 pp	12 q
SSDSimpson Manufacturing Co., Inc.	1.38%	2,996,560	$114M	trimmed−1%	+0.15 pp	12 q
unresolvedJanus Cap Group Inc	1.35%	7,679,837	$112M	trimmed−1%	+0.05 pp	12 q
MDPMeredith Corporation	1.31%	2,282,721	$108M	added+5%	+0.18 pp	12 q
SNASnap-on Incorporated	1.29%	680,878	$107M	trimmed−14%	−0.34 pp	12 q
OMCOmnicom Group Inc.	1.27%	1,266,812	$105M	trimmed−13%	−0.05 pp	12 q
ZBRAZebra Technologies Corporation	1.27%	1,523,125	$105M	added+56%	+0.46 pp	10 q
unresolvedSt Jude Med Inc	1.23%	1,850,653	$102M	added+39%	+0.24 pp	12 q
MTSCMTS Systems Corp	1.18%	1,603,170	$98M	added+2%	−0.02 pp	12 q
unresolvedDun & Bradstreet Corp/The	1.13%	908,819	$94M	added+3%	+0.03 pp	12 q
ITWIllinois Tool Works Inc.	1.13%	912,051	$93M	trimmed−5%	+0.06 pp	12 q
VIABViacom Inc. Class B	1.13%	2,269,757	$94M	added+16%	+0.16 pp	12 q
JNJJohnson & Johnson	1.11%	850,915	$92M	added+2%	+0.09 pp	12 q
LFUSLittelfuse Inc	1.08%	730,656	$90M	trimmed−12%	+0.02 pp	12 q
CBRECbre Group, Inc.	1.07%	3,082,940	$89M	added+8%	−0.11 pp	12 q
SLCAU.s. Silica Holdings, Inc.	1.06%	3,885,700	$88M	trimmed−4%	+0.15 pp	11 q
SOThe Southern Company	1.01%	1,615,455	$84M	trimmed−3%	+0.08 pp	8 q
VZVerizon Communications	1.00%	1,539,628	$83M	trimmed−0%	+0.14 pp	6 q
RCLRoyal Caribbean Group	0.96%	973,732	$80M	added+22%	−0.01 pp	12 q
MSGSMadison Square Garden Sports Corp.	0.94%	470,792	$78M	trimmed−18%	−0.18 pp	2 q
unresolvedHarman Intl Inds Inc	0.93%	864,923	$77M	added+19%	+0.11 pp	12 q
TMOThermo Fisher Scientific, Inc.	0.92%	540,015	$76M	trimmed−12%	−0.12 pp	12 q
MSGNMSG Networks Inc.	0.91%	4,384,697	$76M	added+31%	+0.07 pp	2 q
unresolvedCBS Corp	0.89%	1,343,110	$74M	trimmed−28%	−0.17 pp	12 q
BENFranklin Templeton, Inc.	0.89%	1,899,260	$74M	trimmed−6%	0.00 pp	12 q
MHKMohawk Industries, Inc.	0.88%	383,089	$73M	added+3%	+0.04 pp	12 q
NOKNokia Corporation	0.82%	11,576,295	$68M	added+45%	+0.15 pp	12 q
JWNNordstrom, Inc.	0.78%	1,135,525	$65M	trimmed−5%	+0.07 pp	12 q
unresolvedGlaxosmithkline PLC	0.77%	1,582,913	$64M	added+7%	+0.06 pp	12 q
TISITeam, Inc.	0.74%	2,019,715	$61M	added+71%	+0.29 pp	12 q
MCFContango Oil & Gas Co.	0.67%	4,704,579	$55M	trimmed−1%	+0.31 pp	12 q
NOVNOV Inc.	0.66%	1,773,823	$55M	added+6%	−0.01 pp	12 q
PGRProgressive Corporation	0.64%	1,514,200	$53M	added+8%	+0.10 pp	3 q
DGXQuest Diagnostics Inc.	0.64%	747,094	$53M	added+8%	+0.05 pp	12 q
unresolvedTumi Holdings Inc.	0.63%	1,947,559	$52M	trimmed−2%	+0.23 pp	11 q
FICOFair Isaac Corporation	0.58%	455,978	$48M	added+2%	+0.07 pp	12 q
BCOThe Brink's Company	0.55%	1,361,787	$46M	added+4%	+0.10 pp	12 q
unresolvedCowen group Inc.	0.52%	11,259,648	$43M	added+53%	+0.18 pp	12 q
BXBlackstone Inc.	0.50%	1,493,482	$42M	added+29%	+0.09 pp	12 q
AXPAmerican Express Company	0.48%	654,897	$40M	added×3.5	+0.33 pp	7 q
WTWWillis Towers Watson Public Limited Company	0.48%	332,326	$39M	new	+0.48 pp	new
ORBCORBCOMM, Inc.	0.46%	3,795,332	$38M	trimmed−21%	+0.04 pp	12 q
CHLChina Mobile Limited	0.45%	667,928	$37M	added+20%	+0.07 pp	12 q
RSTRosetta Stone Inc	0.42%	5,186,557	$35M	added+25%	+0.09 pp	12 q
BIDTribeca Strategic Acquisition Corp. Class A	0.41%	1,273,794	$34M	added+3%	+0.03 pp	12 q
CLBCore Laboratories Inc.	0.41%	305,469	$34M	added+8%	+0.04 pp	8 q
unresolvedDevry Ed Group Inc	0.40%	1,936,609	$33M	added×8.5	+0.33 pp	12 q
PMPhilip Morris International Inc.	0.40%	336,836	$33M	trimmed−59%	−0.46 pp	11 q
GCIGannett Co Inc	0.35%	1,894,953	$29M	added+2%	−0.01 pp	4 q
IEXIDEX Corporation	0.34%	339,812	$28M	added+4%	+0.04 pp	12 q
TROWT Rowe Price Group Inc	0.33%	370,236	$27M	trimmed−36%	−0.17 pp	12 q
TIFTiffany & Co.	0.32%	365,756	$27M	trimmed−6%	−0.04 pp	12 q
BRK.BBERKSHIRE HATHAWAY Class B	0.27%	158,036	$22M	added+13%	+0.05 pp	11 q
RNWARealnetworks Inc	0.27%	5,488,792	$22M	added+2%	0.00 pp	11 q
SEACSeachange Intl Inc	0.27%	4,130,749	$23M	added+50%	+0.05 pp	5 q
VOOVanguard S&P 500 ETF	0.27%	118,393	$22M	trimmed−28%	−0.10 pp	6 q
unresolvedXO Group Inc.	0.27%	1,398,700	$22M	added+20%	+0.05 pp	12 q
unresolvedRuckus Wireless Inc	0.26%	2,232,313	$22M	added+2%	−0.02 pp	11 q
BSACBanco Santander-Chile	0.25%	1,084,367	$21M	added0%	+0.02 pp	9 q
HLIHoulihan Lokey, Inc.	0.25%	838,646	$21M	new	+0.25 pp	new
SLBSLB Limited	0.25%	286,231	$21M	added+3%	+0.02 pp	7 q
TNAVTelenav Inc.	0.25%	3,563,384	$21M	added+80%	+0.12 pp	12 q
USBU.S. Bancorp	0.24%	488,313	$20M	trimmed−34%	−0.14 pp	11 q
CNTYCentury Casinos Inc	0.23%	3,146,607	$19M	trimmed−5%	−0.08 pp	9 q
unresolvedPrivatebancorp Inc	0.23%	486,924	$19M	added0%	−0.01 pp	12 q
unresolvedCEB Inc.	0.22%	278,455	$18M	new	+0.22 pp	new
TILEInterface Inc	0.22%	965,737	$18M	added0%	0.00 pp	12 q
VEAVanguard FTSE Developed Markets ETF	0.22%	503,286	$18M	trimmed−17%	−0.05 pp	12 q
EOGEOG Resources, Inc.	0.21%	242,535	$18M	added×5.8	+0.17 pp	3 q
LFCRLifecore Biomedical, Inc.	0.21%	1,621,534	$17M	added+23%	+0.02 pp	12 q
unresolvedPendrell Corp.	0.20%	32,089,441	$17M	added+26%	+0.05 pp	12 q
unresolvedSpartan Motors Inc.	0.20%	4,257,619	$17M	added+14%	+0.06 pp	12 q
MATWMatthews International Corp	0.19%	298,641	$15M	trimmed−1%	0.00 pp	12 q
PEWPctel Inc	0.19%	3,321,537	$16M	added+14%	+0.03 pp	12 q
ALOTAstroNova, Inc.	0.18%	1,053,845	$15M	trimmed−1%	0.00 pp	12 q
unresolvedEdgewater Technology Inc.	0.18%	1,874,415	$15M	added+3%	0.00 pp	12 q
ITUBItau Unibanco Holding S.A.	0.18%	1,723,894	$15M	added0%	+0.05 pp	9 q
ACTGAcacia Research Corporation	0.16%	3,588,961	$14M	added0%	−0.02 pp	12 q
HMNHorace Mann Educators Corporation	0.16%	421,029	$13M	added+3%	0.00 pp	12 q
MNManning & Napier, Inc.	0.16%	1,645,425	$13M	added+2%	0.00 pp	6 q
NWLNewell Brands Inc.	0.16%	307,974	$14M	trimmed−77%	−0.54 pp	12 q
KINKindred Biosciences, Inc.	0.15%	3,587,561	$12M	added+44%	+0.05 pp	6 q
unresolvedElectro Rent Corp.	0.14%	1,263,662	$12M	added+37%	+0.04 pp	4 q
GHCGraham Holdings Company	0.14%	24,365	$12M	added+3%	0.00 pp	10 q
unresolvedImation Corp	0.14%	7,605,195	$12M	added+5%	+0.02 pp	12 q
BTIBritish American Tobacco p.l.c.	0.12%	87,182	$10M	added+28%	+0.03 pp	10 q
CVUCPI Aerostructures, Inc.	0.12%	1,407,215	$10M	trimmed−0%	−0.04 pp	12 q
unresolvedGaiam, Inc.	0.12%	1,547,702	$10M	added×4.2	+0.09 pp	3 q
AKXAnsys Inc	0.11%	106,385	$10M	added+3%	−0.01 pp	8 q
CPIXCumberland Pharmaceuticals Inc	0.11%	1,976,671	$9M	added+40%	+0.02 pp	12 q
unresolvedMitcham Industries, Inc.	0.11%	2,975,414	$9M	added+3%	+0.01 pp	12 q
unresolvedQlogic Corp	0.11%	696,731	$9M	trimmed−43%	−0.07 pp	12 q
RYAAYRyanair Holdings plc	0.11%	102,759	$9M	trimmed−6%	0.00 pp	2 q
AXTIAXT Inc	0.10%	3,242,688	$8M	trimmed−7%	0.00 pp	6 q
unresolvedBallantyne Strong, Inc.	0.10%	1,877,691	$9M	trimmed−0%	0.00 pp	12 q
unresolvedHardinge Inc.	0.10%	696,450	$9M	trimmed−0%	+0.02 pp	12 q
IBMInternational Business Machines Corporation	0.10%	55,310	$8M	added+3%	+0.01 pp	12 q
ORCLOracle Corp	0.10%	204,295	$8M	trimmed−6%	0.00 pp	10 q
PRCPPerceptron Inc	0.10%	1,704,661	$8M	added+6%	−0.05 pp	12 q
QUMUQumu Corp.	0.10%	1,766,397	$8M	trimmed−1%	+0.04 pp	11 q
unresolvedRockwell Collins Inc	0.10%	90,574	$8M	added+4%	0.00 pp	8 q
AZTAAzenta, Inc.	0.09%	684,100	$7M	added×2.6	+0.06 pp	11 q
unresolvedCoach Inc	0.09%	184,340	$7M	trimmed−84%	−0.36 pp	12 q
unresolvedDover Motorsports, Inc.	0.09%	3,118,467	$7M	trimmed−1%	0.00 pp	12 q
unresolvedGrupo Financiero Santander Mex	0.09%	856,151	$8M	added+3%	0.00 pp	9 q
LMTLockheed Martin Corp.	0.09%	35,127	$8M	trimmed−12%	−0.01 pp	12 q
unresolvedLumber Liquidators Hldgs Inc	0.09%	567,910	$7M	added+2%	−0.03 pp	6 q
OESXOrion Energy Systems, Inc.	0.09%	5,098,041	$7M	added+19%	−0.02 pp	12 q
unresolvedSkullcandy, Inc.	0.09%	2,189,248	$8M	added×8.6	+0.08 pp	2 q
CRWSCrown Crafts Inc	0.08%	687,643	$6M	trimmed−6%	+0.01 pp	12 q
unresolvedHarris & Harris Group, Inc.	0.08%	3,808,864	$6M	added+9%	−0.01 pp	6 q
unresolvedRentech, Inc.	0.08%	2,869,390	$6M	trimmed−13%	−0.06 pp	3 q
SSUPSuperior Industries Intl	0.08%	286,800	$6M	added×2.2	+0.05 pp	11 q
ABXBarrick Mining Corporation	0.07%	414,143	$6M	trimmed−8%	+0.03 pp	8 q
unresolvedE M C Corp Mass	0.07%	220,089	$6M	added+3%	0.00 pp	11 q
XOMExxon Mobil Corp	0.07%	67,925	$6M	trimmed−16%	−0.01 pp	12 q
MOSThe Mosaic Company	0.07%	212,170	$6M	added+5%	0.00 pp	11 q
OXYOccidental Petroleum Corporation	0.07%	86,372	$6M	added+2%	0.00 pp	4 q
RELLRichardson Electronics Ltd	0.07%	1,058,515	$5M	trimmed−1%	0.00 pp	3 q
unresolvedMarkit ltd.	0.07%	153,479	$5M	trimmed−32%	−0.01 pp	4 q
BBYD20230930-DK-BUTTERFLY-1 Inc	0.06%	97,240	$5M	added+5%	+0.01 pp	8 q
GSGoldman Sachs Group Inc.	0.06%	33,810	$5M	added+4%	−0.01 pp	12 q
JPMJPMorgan Chase & Co.	0.06%	78,251	$5M	trimmed−41%	−0.04 pp	12 q
MKCMcCormick & Company, Incorporated Non-VTG CS	0.06%	46,426	$5M	added+13%	+0.02 pp	12 q
MSMorgan Stanley	0.06%	200,125	$5M	added+27%	0.00 pp	12 q
PXGBXPraxair Inc	0.06%	46,744	$5M	trimmed−38%	−0.03 pp	11 q
BNYBank of New York Mellon Corporation	0.05%	112,970	$4M	added+5%	0.00 pp	12 q
BWABorgWarner Inc.	0.05%	114,165	$4M	new	+0.05 pp	new
GIFIGulf Island Fabrication Inc	0.05%	556,000	$4M	added×2.4	+0.02 pp	12 q
unresolvedMb Financial Inc New	0.05%	129,200	$4M	added×4.5	+0.04 pp	12 q
VTVanguard Total World Stock ETF	0.05%	71,060	$4M	added+7%	0.00 pp	11 q
unresolvedVersar Inc.	0.05%	1,769,054	$4M	added+7%	−0.01 pp	12 q
9990302DApache Corp	0.04%	71,670	$3M	added+7%	0.00 pp	11 q
CSWCCapital Southwest Corp	0.04%	248,100	$3M	added×2.8	+0.03 pp	10 q
unresolvedErickson Inc.	0.04%	2,107,221	$3M	trimmed−3%	−0.01 pp	12 q
unresolvedPier 1 Imports, Inc.	0.04%	524,005	$4M	added+30%	+0.02 pp	8 q
RELYReal Industry Inc	0.04%	348,916	$3M	new	+0.04 pp	new
unresolvedRubicon Technology, Inc.	0.04%	4,420,918	$3M	trimmed−7%	−0.03 pp	12 q
TSTenaris S. A.	0.04%	134,980	$3M	new	+0.04 pp	new
AETIStabilis Solutions, Inc.	0.03%	1,594,073	$3M	trimmed−0%	−0.01 pp	12 q
ARCBArcBest Corporation	0.03%	109,600	$2M	new	+0.03 pp	new
CRAICRA International, Inc.	0.03%	147,300	$3M	new	+0.03 pp	new
COSTCostco Wholesale Corp	0.03%	14,834	$2M	added+5%	0.00 pp	8 q
unresolvediShares MSCI United Kingdom Index ETF	0.03%	171,715	$3M	held	—	6 q
PNCPNC Financial Services Group	0.03%	32,462	$3M	added+2%	−0.01 pp	11 q
unresolvedVical Inc	0.03%	5,537,755	$2M	trimmed−20%	0.00 pp	12 q
WMARWest Marine Inc	0.03%	230,231	$2M	new	+0.03 pp	new
CFRCullen/Frost Bankers Inc.	0.02%	30,279	$2M	added+82%	+0.01 pp	2 q
DGIIDigi International Inc	0.02%	197,600	$2M	new	+0.02 pp	new
unresolvedElectro Scientific Industries, Inc.	0.02%	237,328	$2M	trimmed−8%	0.00 pp	3 q
FASTFastenal Co	0.02%	41,594	$2M	added+10%	0.00 pp	5 q
GWWW.W. Grainger, Inc.	0.02%	7,081	$2M	added+10%	0.00 pp	5 q
HSBCHSBC Holdings PLC	0.02%	57,512	$2M	added+1%	−0.01 pp	11 q
HNGRHanger Inc.	0.02%	226,895	$1M	trimmed−5%	−0.03 pp	7 q
EWLiShares MSCI Switzerland ETF	0.02%	56,789	$2M	held	—	2 q
PXDPioneer Natural Resource Co.	0.02%	10,225	$1M	new	+0.02 pp	new
RDS.ARoyal Dutch Shell PLC	0.02%	42,739	$2M	trimmed−75%	−0.07 pp	12 q
STRTStrattec Security Corp	0.02%	28,545	$2M	new	+0.02 pp	new
CAJPYCanon Inc S/	0.01%	17,784	$530,000	added+3%	0.00 pp	2 q
CHKChesapeake Energy Corp	0.01%	137,360	$566,000	trimmed−40%	0.00 pp	12 q
DFSDiscover Financial Services	0.01%	9,598	$489,000	added+8%	0.00 pp	2 q
ICEIntercontinental Exchange Inc.	0.01%	4,097	$963,000	new	+0.01 pp	new
MOVMovado Group, Inc.	0.01%	37,400	$1M	new	+0.01 pp	new
NVSNovartis AG	0.01%	13,296	$963,000	added+18%	0.00 pp	2 q
UNPUnion Pacific Corp.	0.01%	13,844	$1M	new	+0.01 pp	new
VWOVanguard FTSE Emerging Markets ETF	0.01%	33,916	$1M	trimmed−2%	0.00 pp	9 q
ACNAccenture PLC	0.01%	9,268	$1M	trimmed−70%	−0.03 pp	8 q
BTBT Group plc (	0.00%	6,308	$202,000	held	—	2 q
DEODiageo plc	0.00%	2,707	$292,000	new	0.00 pp	new
VIVTelefonica Brasil, S.A.	0.00%	28,101	$351,000	held	—	11 q
TMToyota Motor Corporation	0.00%	2,914	$310,000	held	—	2 q
unresolvedBlount Intl Inc New	—	−7,536,792	—	exited	−0.89 pp	—
unresolvedMedia Gen Inc New	—	−2,704,268	—	exited	−0.52 pp	—
unresolvedTowers Watson & Co.	—	−316,232	—	exited	−0.49 pp	—
WMTWalmart Inc.	—	−234,168	—	exited	−0.17 pp	—
unresolvedFurmanite Corp.	—	−1,579,929	—	exited	−0.13 pp	—
unresolvedStanley Furniture Co., Inc.	—	−2,652,341	—	exited	−0.09 pp	—
TKCTurkcell Iletisim Hizmetleri A.s.	—	−597,725	—	exited	−0.06 pp	—
BAPCredicorp LTD	—	−43,518	—	exited	−0.05 pp	—
CMECME Group Inc.	—	−33,926	—	exited	−0.04 pp	—
BAXBaxter International Inc.	—	−63,595	—	exited	−0.03 pp	—
IWNiShares Russell 2000 Value ETF	—	−31,406	—	exited	−0.03 pp	—
WECWEC Energy Group, Inc.	—	−55,138	—	exited	−0.03 pp	—
IWCiShares Micro-Cap ETF	—	−18,192	—	exited	−0.02 pp	—
unresolvedApollo Group Inc Class A	—	−125,860	—	exited	−0.01 pp	—
BWENBroadwind, Inc.	—	−272,233	—	exited	−0.01 pp	—
CSWCSW Industrials, Inc.	—	−30,800	—	exited	−0.01 pp	—
unresolvedLeapfrog Enterprises Inc	—	−923,142	—	exited	−0.01 pp	—
IWSiShares Russell Mid-Cap Value ETF	—	−4,954	—	exited	0.00 pp	—