Ariel Investments 13FHR Quarterly holdings report by institutional manager | SEC 14 Feb 23

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ADT Inc	COM	00090Q103	143,487	15,820	SH		OTR	1	0	0	15,820
ADT Inc	COM	00090Q103	266,132	29,342	SH		OTR	2	0	0	29,342
ADT Inc	COM	00090Q103	4,984,292	549,536	SH		OTR	3	549,536	0	0
ADT Inc	COM	00090Q103	147,208,386	16,230,252	SH		SOLE		14,566,138	0	1,664,114
Adtalem Global Education Inc	COM	00737L103	124,641	3,511	SH		OTR	2	0	0	3,511
Adtalem Global Education Inc	COM	00737L103	2,151,087	60,594	SH		OTR	3	60,594	0	0
Adtalem Global Education Inc	COM	00737L103	132,974,977	3,745,774	SH		SOLE		3,393,768	0	352,006
Affiliated Managers Group Inc	COM	008252108	3,817,054	24,093	SH		OTR	3	24,093	0	0
Affiliated Managers Group Inc	COM	008252108	174,940,624	1,104,214	SH		SOLE		980,841	0	123,373
Aflac Inc	COM	001055102	530,486	7,374	SH		OTR	1	0	0	7,374
Aflac Inc	COM	001055102	229,057	3,184	SH		OTR	2	0	0	3,184
Aflac Inc	COM	001055102	63,126,990	877,495	SH		SOLE		870,104	0	7,391
Amdocs Ltd	COM	G02602103	58,603,321	644,701	SH		SOLE		321,278	6,963	316,460
APA Corp	COM	03743Q108	8,676,038	185,862	SH		SOLE		185,862	0	0
AstraZeneca PLC	ADR	046353108	1,518,449	22,396	SH		SOLE		22,049	0	347
Axalta Coating Systems Ltd	COM	G0750C108	464,216	18,226	SH		OTR	1	0	0	18,226
Axalta Coating Systems Ltd	COM	G0750C108	190,567	7,482	SH		OTR	2	0	0	7,482
Axalta Coating Systems Ltd	COM	G0750C108	3,288,967	129,131	SH		OTR	3	129,131	0	0
Axalta Coating Systems Ltd	COM	G0750C108	176,866,303	6,944,103	SH		SOLE		6,361,613	0	582,490
Baidu Inc	ADR	056752108	326,314,473	2,852,898	SH		SOLE		1,858,756	13,794	980,348
Banco Santander Chile	ADR	05965X109	16,197,430	1,022,565	SH		SOLE		562,494	3,584	456,487
Bank of America Corp	COM	060505104	3,180,812	96,039	SH		SOLE		96,039	0	0
Bank of New York Mellon Corp/The	COM	064058100	3,580,740	78,663	SH		SOLE		78,663	0	0
Barrick Gold Corp	COM	067901108	4,332,590	252,188	SH		SOLE		252,188	0	0
Berkshire Hathaway Inc	COM	084670702	4,015,391	12,999	SH		SOLE		6,230	145	6,624
Bio-Rad Laboratories Inc	COM	090572207	128,249	305	SH		OTR	2	0	0	305
Bio-Rad Laboratories Inc	COM	090572207	1,667,663	3,966	SH		OTR	3	3,966	0	0
Bio-Rad Laboratories Inc	COM	090572207	11,616,036	27,625	SH		SOLE		19,608	0	8,017
BOK Financial Corp	COM	05561Q201	576,969	5,559	SH		OTR	1	0	0	5,559
BOK Financial Corp	COM	05561Q201	4,335,101	41,768	SH		OTR	3	41,768	0	0
BOK Financial Corp	COM	05561Q201	269,814,767	2,599,622	SH		SOLE		2,345,056	0	254,566
BorgWarner Inc	COM	099724106	476,117	11,829	SH		OTR	1	0	0	11,829
BorgWarner Inc	COM	099724106	207,006	5,143	SH		OTR	2	0	0	5,143
BorgWarner Inc	COM	099724106	67,102,103	1,667,133	SH		SOLE		1,655,278	0	11,855
Boyd Gaming Corp	COM	103304101	3,838,967	70,401	SH		OTR	3	70,401	0	0
Boyd Gaming Corp	COM	103304101	184,666,827	3,386,518	SH		SOLE		2,959,507	0	427,011
Brady Corp	COM	104674106	121,518	2,580	SH		OTR	2	0	0	2,580
Brady Corp	COM	104674106	13,085,087	277,815	SH		SOLE		205,984	0	71,831
Brink's Co/The	COM	109696104	290,088	5,401	SH		OTR	2	0	0	5,401
Brink's Co/The	COM	109696104	2,753,389	51,264	SH		OTR	3	51,264	0	0
Brink's Co/The	COM	109696104	105,320,852	1,960,917	SH		SOLE		1,638,046	0	322,871
Bristol-Myers Squibb Co	COM	110122108	56,816,469	789,666	SH		SOLE		376,698	8,703	404,265
Cardinal Health Inc	COM	14149Y108	219,387	2,854	SH		OTR	1	0	0	2,854
Cardinal Health Inc	COM	14149Y108	26,880,286	349,685	SH		SOLE		346,815	0	2,870
Carlyle Group Inc/The	COM	14316J108	3,835,365	128,531	SH		OTR	3	128,531	0	0
Carlyle Group Inc/The	COM	14316J108	83,488,172	2,797,861	SH		SOLE		2,471,438	0	326,423
CarMax Inc	COM	143130102	411,860	6,764	SH		OTR	1	0	0	6,764
CarMax Inc	COM	143130102	132,436	2,175	SH		OTR	2	0	0	2,175
CarMax Inc	COM	143130102	51,060,527	838,570	SH		SOLE		831,755	0	6,815
CBRE Group Inc	COM	12504L109	351,322	4,565	SH		OTR	1	0	0	4,565
CBRE Group Inc	COM	12504L109	208,485	2,709	SH		OTR	2	0	0	2,709
CBRE Group Inc	COM	12504L109	3,190,223	41,453	SH		OTR	3	41,453	0	0
CBRE Group Inc	COM	12504L109	96,400,789	1,252,609	SH		SOLE		1,152,281	0	100,328
Charles River Laboratories International Inc	COM	159864107	349,730	1,605	SH		OTR	1	0	0	1,605
Charles River Laboratories International Inc	COM	159864107	221,822	1,018	SH		OTR	2	0	0	1,018
Charles River Laboratories International Inc	COM	159864107	3,262,835	14,974	SH		OTR	3	14,974	0	0
Charles River Laboratories International Inc	COM	159864107	135,133,954	620,165	SH		SOLE		572,384	0	47,781
Charles Schwab Corp/The	COM	808513105	587,732	7,059	SH		OTR	1	0	0	7,059
Charles Schwab Corp/The	COM	808513105	73,047,911	877,347	SH		SOLE		870,248	0	7,099
Check Point Software Technologies Ltd	ORD	M22465104	68,639,871	544,070	SH		SOLE		373,081	1,893	169,096
Core Laboratories NV	COM	N22717107	390,704	19,275	SH		OTR	1	0	0	19,275
Core Laboratories NV	COM	N22717107	2,961,265	146,091	SH		OTR	3	146,091	0	0
Core Laboratories NV	COM	N22717107	193,330,314	9,537,756	SH		SOLE		8,902,274	0	635,482
Credicorp Ltd	COM	G2519Y108	142,793,274	1,052,582	SH		SOLE		617,011	6,124	429,447
Dun & Bradstreet Holdings Inc	COM	26484T106	151,828	12,384	SH		OTR	2	0	0	12,384
Envista Holdings Corp	COM	29415F104	241,279	7,166	SH		OTR	1	0	0	7,166
Envista Holdings Corp	COM	29415F104	184,714	5,486	SH		OTR	2	0	0	5,486
Envista Holdings Corp	COM	29415F104	2,959,627	87,901	SH		OTR	3	87,901	0	0
Envista Holdings Corp	COM	29415F104	166,461,180	4,943,902	SH		SOLE		4,413,302	0	530,600
Equity Commonwealth	COM SH BEN INT	294628102	150,560,410	6,029,652	SH		SOLE		3,228,715	60,497	2,740,440
Evercore Inc	COM	29977A105	16,810,428	154,111	SH		SOLE		154,111	0	0
Fair Isaac Corp	COM	303250104	266,967	446	SH		OTR	2	0	0	446
First American Financial Corp	COM	31847R102	309,643	5,916	SH		OTR	1	0	0	5,916
First American Financial Corp	COM	31847R102	222,811	4,257	SH		OTR	2	0	0	4,257
First American Financial Corp	COM	31847R102	3,205,249	61,239	SH		OTR	3	61,239	0	0
First American Financial Corp	COM	31847R102	206,549,656	3,946,306	SH		SOLE		3,544,871	0	401,435
Fiserv Inc	COM	337738108	312,913	3,096	SH		OTR	2	0	0	3,096
GCM Grosvenor Inc	COM	36831E108	29,708,671	3,903,899	SH		SOLE		3,355,453	0	548,446
Generac Holdings Inc	COM	368736104	210,782	2,094	SH		OTR	1	0	0	2,094
Generac Holdings Inc	COM	368736104	203,635	2,023	SH		OTR	2	0	0	2,023
Generac Holdings Inc	COM	368736104	1,724,004	17,127	SH		OTR	3	17,127	0	0
Generac Holdings Inc	COM	368736104	129,915,319	1,290,635	SH		SOLE		1,203,904	0	86,731
Gentex Corp	COM	371901109	325,195	11,925	SH		OTR	1	0	0	11,925
Gentex Corp	COM	371901109	263,837	9,675	SH		OTR	2	0	0	9,675
Gentex Corp	COM	371901109	3,702,884	135,786	SH		OTR	3	135,786	0	0
Gentex Corp	COM	371901109	237,102,015	8,694,610	SH		SOLE		7,703,197	0	991,413
Gilead Sciences Inc	COM	375558103	101,195,688	1,178,750	SH		SOLE		605,845	12,371	560,534
Goldman Sachs Group Inc/The	COM	38141G104	695,001	2,024	SH		OTR	1	0	0	2,024
Goldman Sachs Group Inc/The	COM	38141G104	289,469	843	SH		OTR	2	0	0	843
Goldman Sachs Group Inc/The	COM	38141G104	92,152,891	268,370	SH		SOLE		266,330	0	2,040
GSK PLC	ADR	37733W204	6,511,020	185,288	SH		SOLE		172,519	0	12,769
Hackett Group Inc/The	COM	404609109	159,497	7,830	SH		OTR	2	0	0	7,830
Hackett Group Inc/The	COM	404609109	12,975,894	637,010	SH		SOLE		471,745	0	165,265
Haleon PLC	ADR	405552100	1,690,280	211,285	SH		SOLE		195,323	0	15,962
Horace Mann Educators Corp	COM	440327104	12,457,775	333,363	SH		SOLE		249,369	0	83,994
Interpublic Group of Cos Inc/The	COM	460690100	495,186	14,866	SH		OTR	1	0	0	14,866
Interpublic Group of Cos Inc/The	COM	460690100	220,112	6,608	SH		OTR	2	0	0	6,608
Interpublic Group of Cos Inc/The	COM	460690100	5,027,045	150,917	SH		OTR	3	150,917	0	0
Interpublic Group of Cos Inc/The	COM	460690100	266,679,594	8,005,992	SH		SOLE		7,266,187	0	739,805
iShares MSCI ACWI ex US ETF	ETF	464288240	5,979,747	131,423	SH		SOLE		131,423	0	0
iShares Russell 2000 Value ETF	ETF	464287630	3,739,237	26,965	SH		SOLE		26,965	0	0
iShares Russell Mid-Cap Value ETF	ETF	464287473	890,228	8,451	SH		SOLE		8,451	0	0
Itau Unibanco Holding SA	ADR	465562106	3,718,399	789,469	SH		SOLE		557,575	3,246	228,648
J M Smucker Co/The	COM	832696405	234,521	1,480	SH		OTR	1	0	0	1,480
J M Smucker Co/The	COM	832696405	97,136	613	SH		OTR	2	0	0	613
J M Smucker Co/The	COM	832696405	1,256,271	7,928	SH		OTR	3	7,928	0	0
J M Smucker Co/The	COM	832696405	100,595,479	634,832	SH		SOLE		582,869	0	51,963
Janus Henderson Group PLC	ORD SH	G4474Y214	1,194,134	50,771	SH		OTR	3	50,771	0	0
Janus Henderson Group PLC	ORD SH	G4474Y214	83,750,275	3,560,811	SH		SOLE		3,103,558	0	457,253
Johnson & Johnson	COM	478160104	105,870,408	599,323	SH		SOLE		326,090	5,886	267,347
Jones Lang LaSalle Inc	COM	48020Q107	169,092	1,061	SH		OTR	2	0	0	1,061
Jones Lang LaSalle Inc	COM	48020Q107	3,040,620	19,079	SH		OTR	3	19,079	0	0
Jones Lang LaSalle Inc	COM	48020Q107	203,938,617	1,279,655	SH		SOLE		1,133,175	0	146,480
Kennametal Inc	COM	489170100	436,521	18,143	SH		OTR	1	0	0	18,143
Kennametal Inc	COM	489170100	221,063	9,188	SH		OTR	2	0	0	9,188
Kennametal Inc	COM	489170100	4,055,578	168,561	SH		OTR	3	168,561	0	0
Kennametal Inc	COM	489170100	244,602,646	10,166,361	SH		SOLE		9,166,029	0	1,000,332
Keysight Technologies Inc	COM	49338L103	280,726	1,641	SH		OTR	1	0	0	1,641
Keysight Technologies Inc	COM	49338L103	263,961	1,543	SH		OTR	2	0	0	1,543
Keysight Technologies Inc	COM	49338L103	3,100,473	18,124	SH		OTR	3	18,124	0	0
Keysight Technologies Inc	COM	49338L103	35,606,510	208,140	SH		SOLE		206,487	0	1,653
KKR & Co Inc	COM	48251W104	343,229	7,394	SH		OTR	1	0	0	7,394
KKR & Co Inc	COM	48251W104	239,527	5,160	SH		OTR	2	0	0	5,160
KKR & Co Inc	COM	48251W104	44,993,746	969,275	SH		SOLE		961,896	0	7,379
Knowles Corp	COM	49926D109	390,156	23,761	SH		OTR	1	0	0	23,761
Knowles Corp	COM	49926D109	188,830	11,500	SH		OTR	2	0	0	11,500
Knowles Corp	COM	49926D109	84,699,828	5,158,333	SH		SOLE		4,557,779	0	600,554
Korn Ferry	COM	500643200	111,263	2,198	SH		OTR	2	0	0	2,198
Korn Ferry	COM	500643200	40,059,706	791,381	SH		SOLE		588,883	0	202,498
Laboratory Corp of America Holdings	COM	50540R409	556,675	2,364	SH		OTR	1	0	0	2,364
Laboratory Corp of America Holdings	COM	50540R409	222,764	946	SH		OTR	2	0	0	946
Laboratory Corp of America Holdings	COM	50540R409	4,122,548	17,507	SH		OTR	3	17,507	0	0
Laboratory Corp of America Holdings	COM	50540R409	159,819,334	678,696	SH		SOLE		636,082	0	42,614
Lazard Ltd	SHS A	G54050102	418,536	12,072	SH		OTR	1	0	0	12,072
Lazard Ltd	SHS A	G54050102	214,087	6,175	SH		OTR	2	0	0	6,175
Lazard Ltd	SHS A	G54050102	3,330,296	96,057	SH		OTR	3	96,057	0	0
Lazard Ltd	SHS A	G54050102	263,210,410	7,591,878	SH		SOLE		6,737,161	0	854,717
Leslie's Inc	COM	527064109	209,939	17,194	SH		OTR	2	0	0	17,194
Leslie's Inc	COM	527064109	21,814,569	1,786,615	SH		SOLE		1,324,520	0	462,095
Lindblad Expeditions Holdings Inc	COM	535219109	286,001	37,143	SH		OTR	2	0	0	37,143
Lindblad Expeditions Holdings Inc	COM	535219109	48,942,109	6,356,118	SH		SOLE		4,717,230	0	1,638,888
Littelfuse Inc	COM	537008104	276,571	1,256	SH		OTR	1	0	0	1,256
Littelfuse Inc	COM	537008104	205,667	934	SH		OTR	2	0	0	934
Littelfuse Inc	COM	537008104	81,452,200	369,901	SH		SOLE		314,470	0	55,431
Lockheed Martin Corp	COM	539830109	6,608,967	13,585	SH		SOLE		13,585	0	0
M&T Bank Corp	COM	55261F104	366,277	2,525	SH		OTR	1	0	0	2,525
M&T Bank Corp	COM	55261F104	268,796	1,853	SH		OTR	2	0	0	1,853
M&T Bank Corp	COM	55261F104	910,687	6,278	SH		SOLE		3,744	0	2,534
Madison Square Garden Entertainment Corp	COM	55826T102	412,375	9,170	SH		OTR	1	0	0	9,170
Madison Square Garden Entertainment Corp	COM	55826T102	251,023	5,582	SH		OTR	2	0	0	5,582
Madison Square Garden Entertainment Corp	COM	55826T102	4,710,787	104,754	SH		OTR	3	104,754	0	0
Madison Square Garden Entertainment Corp	COM	55826T102	295,588,440	6,573,014	SH		SOLE		5,993,123	0	579,891
Madison Square Garden Sports Corp	COM	55825T103	405,893	2,214	SH		OTR	1	0	0	2,214
Madison Square Garden Sports Corp	COM	55825T103	189,197	1,032	SH		OTR	2	0	0	1,032
Madison Square Garden Sports Corp	COM	55825T103	2,998,912	16,358	SH		OTR	3	16,358	0	0
Madison Square Garden Sports Corp	COM	55825T103	192,875,993	1,052,070	SH		SOLE		943,611	0	108,459
Manchester United Plc	ORD CL A	G5784H106	477,262	20,457	SH		OTR	1	0	0	20,457
Manchester United Plc	ORD CL A	G5784H106	339,848	14,567	SH		OTR	2	0	0	14,567
Manchester United Plc	ORD CL A	G5784H106	4,548,627	194,969	SH		OTR	3	194,969	0	0
Manchester United Plc	ORD CL A	G5784H106	191,876,955	8,224,473	SH		SOLE		7,422,412	0	802,061
Masco Corp	COM	574599106	123,209	2,640	SH		OTR	2	0	0	2,640
Masco Corp	COM	574599106	3,403,690	72,931	SH		OTR	3	72,931	0	0
Masco Corp	COM	574599106	79,667,837	1,707,046	SH		SOLE		1,548,029	0	159,017
Mattel Inc	COM	577081102	486,622	27,277	SH		OTR	1	0	0	27,277
Mattel Inc	COM	577081102	236,469	13,255	SH		OTR	2	0	0	13,255
Mattel Inc	COM	577081102	4,881,720	273,639	SH		OTR	3	273,639	0	0
Mattel Inc	COM	577081102	278,115,627	15,589,441	SH		SOLE		14,067,736	0	1,521,705
Methode Electronics Inc	COM	591520200	14,388,792	324,291	SH		SOLE		240,443	0	83,848
Microsoft Corp	COM	594918104	239,775,154	999,813	SH		SOLE		530,158	10,141	459,514
Middleby Corp/The	COM	596278101	177,551	1,326	SH		OTR	2	0	0	1,326
Middleby Corp/The	COM	596278101	38,223,496	285,463	SH		SOLE		211,694	0	73,769
Mohawk Industries Inc	COM	608190104	303,491	2,969	SH		OTR	1	0	0	2,969
Mohawk Industries Inc	COM	608190104	131,864	1,290	SH		OTR	2	0	0	1,290
Mohawk Industries Inc	COM	608190104	3,134,167	30,661	SH		OTR	3	30,661	0	0
Mohawk Industries Inc	COM	608190104	197,078,524	1,927,984	SH		SOLE		1,730,471	0	197,513
Molson Coors Beverage Co	COM	60871R209	200,516	3,892	SH		OTR	1	0	0	3,892
Molson Coors Beverage Co	COM	60871R209	23,724,290	460,487	SH		SOLE		456,565	0	3,922
Mosaic Co/The	COM	61945C103	5,842,694	133,182	SH		SOLE		133,182	0	0
Motorola Solutions Inc	COM	620076307	184,005	714	SH		OTR	2	0	0	714
NetApp Inc	COM	64110D104	44,601,877	742,622	SH		SOLE		385,544	7,189	349,889
Nokia Oyj	ADR	654902204	15,520,020	3,344,832	SH		SOLE		2,121,724	0	1,223,108
Northern Trust Corp	COM	665859104	270,425	3,056	SH		OTR	2	0	0	3,056
Northern Trust Corp	COM	665859104	4,537,236	51,274	SH		OTR	3	51,274	0	0
Northern Trust Corp	COM	665859104	194,266,787	2,195,353	SH		SOLE		2,111,744	0	83,609
Norwegian Cruise Line Holdings Ltd	SHS	G66721104	363,589	29,705	SH		OTR	2	0	0	29,705
Norwegian Cruise Line Holdings Ltd	SHS	G66721104	84,946,481	6,940,072	SH		SOLE		5,910,070	0	1,030,002
NOV Inc	COM	62955J103	165,762	7,935	SH		OTR	1	0	0	7,935
NOV Inc	COM	62955J103	21,032,762	1,006,834	SH		SOLE		998,844	0	7,990
Novartis AG	ADR	66987V109	793,800	8,750	SH		SOLE		8,750	0	0
nVent Electric PLC	SHS	G6700G107	450,407	11,708	SH		OTR	1	0	0	11,708
nVent Electric PLC	SHS	G6700G107	300,143	7,802	SH		OTR	2	0	0	7,802
nVent Electric PLC	SHS	G6700G107	4,385,311	113,993	SH		OTR	3	113,993	0	0
nVent Electric PLC	SHS	G6700G107	135,125,721	3,512,496	SH		SOLE		3,161,892	0	350,604
OneSpaWorld Holdings Ltd	COM	P73684113	416,155	44,604	SH		OTR	2	0	0	44,604
OneSpaWorld Holdings Ltd	COM	P73684113	6,154,320	659,627	SH		OTR	3	659,627	0	0
OneSpaWorld Holdings Ltd	COM	P73684113	142,735,891	15,298,595	SH		SOLE		12,877,028	0	2,421,567
Oracle Corp	COM	68389X105	5,709,539	69,850	SH		SOLE		69,850	0	0
Paramount Global	COM	92556H206	122,431	7,253	SH		OTR	2	0	0	7,253
Paramount Global	COM	92556H206	3,161,151	187,272	SH		OTR	3	187,272	0	0
Paramount Global	COM	92556H206	138,516,504	8,205,954	SH		SOLE		7,494,714	0	711,240
Patterson Cos Inc	COM	703395103	176,365	6,292	SH		OTR	2	0	0	6,292
Philip Morris International Inc	COM	718172109	360,854,539	3,565,404	SH		SOLE		2,644,264	18,332	902,808
Prestige Consumer Healthcare Inc	COM	74112D101	303,610	4,850	SH		OTR	2	0	0	4,850
Prestige Consumer Healthcare Inc	COM	74112D101	2,255,603	36,032	SH		OTR	3	36,032	0	0
Prestige Consumer Healthcare Inc	COM	74112D101	49,614,319	792,561	SH		SOLE		587,497	0	205,064
Progressive Corp/The	COM	743315103	76,269	588	SH		OTR	1	0	0	588
Progressive Corp/The	COM	743315103	173,422	1,337	SH		OTR	2	0	0	1,337
Progressive Corp/The	COM	743315103	8,944,802	68,960	SH		SOLE		68,366	0	594
Resideo Technologies Inc	COM	76118Y104	254,860	15,493	SH		OTR	1	0	0	15,493
Resideo Technologies Inc	COM	76118Y104	276,673	16,819	SH		OTR	2	0	0	16,819
Resideo Technologies Inc	COM	76118Y104	3,333,280	202,631	SH		OTR	3	202,631	0	0
Resideo Technologies Inc	COM	76118Y104	215,899,341	13,124,580	SH		SOLE		11,884,332	0	1,240,248
Reynolds Consumer Products Inc	COM	76171L106	149,960	5,002	SH		OTR	2	0	0	5,002
Royal Caribbean Cruises Ltd	COM	V7780T103	7,085,988	143,354	SH		OTR	3	143,354	0	0
Royal Caribbean Cruises Ltd	COM	V7780T103	130,432,276	2,638,727	SH		SOLE		2,394,022	0	244,705
Sanofi	ADR	80105N105	283,025	5,844	SH		SOLE		745	0	5,099
Sensata Technologies Holding PLC	SHS	G8060N102	208,159	5,155	SH		OTR	2	0	0	5,155
Simpson Manufacturing Co Inc	COM	829073105	125,897	1,420	SH		OTR	2	0	0	1,420
Simpson Manufacturing Co Inc	COM	829073105	1,074,648	12,121	SH		OTR	3	12,121	0	0
Simpson Manufacturing Co Inc	COM	829073105	54,285,011	612,283	SH		SOLE		509,432	0	102,851
Snap-on Inc	COM	833034101	223,463	978	SH		OTR	1	0	0	978
Snap-on Inc	COM	833034101	184,163	806	SH		OTR	2	0	0	806
Snap-on Inc	COM	833034101	2,175,453	9,521	SH		OTR	3	9,521	0	0
Snap-on Inc	COM	833034101	115,632,620	506,073	SH		SOLE		463,173	0	42,900
Stanley Black & Decker Inc	COM	854502101	375,450	4,998	SH		OTR	1	0	0	4,998
Stanley Black & Decker Inc	COM	854502101	47,203,004	628,368	SH		SOLE		623,332	0	5,036
Stericycle Inc	COM	858912108	365,594	7,328	SH		OTR	1	0	0	7,328
Stericycle Inc	COM	858912108	250,997	5,031	SH		OTR	2	0	0	5,031
Stericycle Inc	COM	858912108	3,635,584	72,872	SH		OTR	3	72,872	0	0
Stericycle Inc	COM	858912108	206,458,640	4,138,277	SH		SOLE		3,771,554	0	366,723
Tapestry Inc	COM	876030107	14,261,760	374,521	SH		SOLE		179,911	4,208	190,402
Telefonica Brasil SA	ADR	87936R205	25,968,979	3,632,025	SH		SOLE		3,587,974	0	44,051
TIM SA/Brazil	ADR	88706T108	4,616,907	396,301	SH		SOLE		396,301	0	0
Trip.com Group Ltd	ADR	89677Q107	9,731,657	282,897	SH		SOLE		164,140	1,671	117,086
US Bancorp	COM	902973304	8,558,942	196,261	SH		SOLE		94,058	2,203	100,000
Vail Resorts Inc	COM	91879Q109	192,825	809	SH		OTR	1	0	0	809
Vail Resorts Inc	COM	91879Q109	47,399,949	198,867	SH		SOLE		172,849	0	26,018
Vanguard FTSE Developed Markets ETF	ETF	921943858	21,550,672	513,478	SH		SOLE		513,478	0	0
Verizon Communications Inc	COM	92343V104	133,316,834	3,383,676	SH		SOLE		1,776,715	33,480	1,573,481
Vodafone Group PLC	ADR	92857W308	4,549,588	449,564	SH		SOLE		243,035	0	206,529
Walgreens Boots Alliance Inc	COM	931427108	263,239	7,046	SH		OTR	1	0	0	7,046
Walgreens Boots Alliance Inc	COM	931427108	61,420	1,644	SH		OTR	2	0	0	1,644
Walgreens Boots Alliance Inc	COM	931427108	32,485,379	869,523	SH		SOLE		862,411	0	7,112
Western Union Co/The	COM	959802109	3,742,149	271,761	SH		SOLE		271,761	0	0
Zebra Technologies Corp	COM	989207105	335,128	1,307	SH		OTR	2	0	0	1,307
Zebra Technologies Corp	COM	989207105	4,626,918	18,045	SH		OTR	3	18,045	0	0
Zebra Technologies Corp	COM	989207105	122,121,416	476,274	SH		SOLE		435,509	0	40,765
Zimmer Biomet Holdings Inc	COM	98956P102	352,920	2,768	SH		OTR	1	0	0	2,768
Zimmer Biomet Holdings Inc	COM	98956P102	253,470	1,988	SH		OTR	2	0	0	1,988
Zimmer Biomet Holdings Inc	COM	98956P102	45,103,125	353,750	SH		SOLE		350,964	0	2,786
Zimvie Inc	COM	98888T107	14,645	1,568	SH		OTR	2	0	0	1,568
Zimvie Inc	COM	98888T107	2,391,750	256,076	SH		SOLE		256,076	0	0

Ariel Investments 13F-HRQuarterly holdings report by institutional manager