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Ariel Appreciation Fund Q3 2026 Scorecard: Buys, Sells, And Standouts

All Articles on Seeking Alpha·about 21 hours ago
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Summary

  • Charles River Laboratories advanced during the quarter following a strong earnings report and an increase to full-year guidance.
  • We exited the NCLH position during the quarter and redeployed proceeds into Royal Caribbean Group.
  • Middleby completed the spin-off of Midera Food Processing, announced plans to exit its underperforming business, and continued buying back shares.
  • We acquired ADI Global Distribution following its spin-off from our existing holding, Resideo Technologies.
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The following segment was excerpted from the Ariel Appreciation Fund Q3 2026 Commentary.


Ariel Appreciation Fund returned -3.90% during the quarter, trailing both the Russell Midcap Value Index and the Russell Midcap Index, which returned -1.98% and -3.00%, respectively.