U.S. equities advanced in the third quarter, with the S&P 500 gaining +2.3% and the Nasdaq up +2.6%, but the headline gains masked a more bifurcated market beneath the surface. Strong earnings and enduring enthusiasm for artificial intelligence (AI) propelled a small group

Ariel Appreciation Fund Q3 2026 Commentary

Oct 28, 2026, 1:00 AM ETAriel Appreciation Fund; Investor (CAAPX), CAAIX

Ariel Investments

40 Followers

Summary

Ariel Appreciation Fund returned -3.90% during the quarter.

Charles River Laboratories advanced during the quarter following a strong earnings report and an increase to full-year guidance.

Haemonetics Corporation traded higher following an earnings beat and an increase to full-year guidance.

Bio-Rad Laboratories Inc.…