John Rogers

Last Update: 08-15-2016

Number of Stocks: 192
Number of New Stocks: 6

Total Value: $7,965 Mil
Q/Q Turnover: 5%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

John Rogers Watch

  • John Rogers Comments on Abbott Laboratories

    In addition, cardiovascular muscle devices maker St. Jude Medical, Inc. (NYSE:STJ) popped +42.39% after a takeout offer. Specifically, Abbott Laboratories (NYSE:ABT) offered $ 46.75 in cash and 0.9 shares of Abbott stock for each share of St. Jude. The stock jumped more than 25% on the news of the offering.

    From John Rogers (Trades, Portfolio)' second quarter 2016 market commentary.   

  • John Rogers Comments on KKR & Co. L.P.

    Also, private equity group KKR & Co. L.P. (NYSE:KKR) declined -15.00% due to a soft earnings report combined with Brexit fears. The company reported a loss of -$0.65 per share, well below consensus of -$0.34 per share. The key reason for the miss was an unfavorable mark-to-market on the balance sheet, largely due to its First Data Corp. (FDC) holding. Then, as Brexit occurred toward the end of the quarter, KKR was one of the hardest-hit stocks in the financial sector. We think the short-term earnings report and the overreaction to a political shift do little to harm the company’s long-term value.

    From John Rogers (Trades, Portfolio)' second quarter 2016 market commentary.   

  • John Rogers Comments on BorgWarner Inc.

    Other holdings experienced a short-term struggle. Powertrain expert BorgWarner Inc. (NYSE:BWA) returned -22.83% since we purchased it in February after lowering multi-year expectations. Although the company’s growth over the next couple of years may not be as strong as previously expected, it continues to grow. Plus its long-term prospects are excellent. The market continues to worry over the emergence of all-electric vehicles. Yet we believe BorgWarner still has a huge position in traditional as well as hybrid vehicles, which together, we think, will likely constitute a vast majority of the market for years to come. Moreover, it is not simply an American company but a global player. We continue to think the company’s present is solid and its future very bright.

    From John Rogers (Trades, Portfolio)' second quarter 2016 market commentary.   

  • John Rogers Comments on Barrick Gold Corp

    Some of our holdings performed well during the quarter. Gold miner Barrick Gold Corp. (NYSE:ABX) jumped +57.40% as the price of gold continued to rise. Specifically, gold rose from approximately $1,220 to $1,320 over the course of the quarter. The jump proved big for gold miners as their product jumped in price but their costs remained stable. Barrick remains the biggest and, we think, the best gold miner.

    From John Rogers (Trades, Portfolio)' second quarter 2016 market commentary.   

  • John Rogers' Ariel Focus Fund 2nd Quarter Commentary

    For the second quarter in a row, investors will likely remember the harrowing ride better than the end result. That is, domestic stocks posted solid gains and foreign shares had relatively mild losses. In the meantime, however, there was Brexit. On June 23, 2016 the British people shocked the world by voting for the United Kingdom to exit the European Union—an enormously complex and economically risky decision. As you know, the market hates uncertainty. And so in response, foreign stocks plummeted - 10%, small caps dove -7%, and large caps sank -5%. But once investors fully digested the news, stocks jumped back up—nearly erasing their losses in the U.S. Overseas the short-term damage from Brexit still showed; the financial-heavy value indexes significantly lagged the core and growth indexes. In the end, U.S. value fare outpaced growth stocks for the second quarter in a row—definitively ending a very long run of outperformance from the growth side.


  • John Rogers Buys MSG Networks

    John Rogers (Trades, Portfolio) of Ariel Investment LLC purchased 1,884,145 shares in MSG Networks Inc. (NYSE:MSGN) for an average price of $16.05 per share on July 31. He now holds 6,268,842 shares.

    Rogers has been involved with the company since the first quarter of 2011. The purchase had an impact of 0.36% on his portfolio.


  • John Rogers Discusses Buffett-Inspired Moats in July Commentary

    As you know, Ariel traces its philosophical lineage directly to the world’s greatest investor, Warren Buffett (Trades, Portfolio). Buffett’s beliefs and teachings have influenced many aspects of our core traditional value strategy, from the importance of staying within a well-defined circle of competence to the topic we will discuss this month: the economic moat1.  

  • John Rogers Comments on Viacom

    During the second quarter, we added media company Viacom, Inc. (NASDAQ:VIAB) to Ariel Fund. While acknowledging investor concerns toward the cable business model stemming from changing media consumption patterns and technology platforms, we view Viacom as an underappreciated security in the market. Also a current holding in Ariel Appreciation Fund, we believe Viacom’s content will provide attractive economics regardless of the distribution medium.

    From John Rogers (Trades, Portfolio)' Ariel Fund second quarter 2016 commentary.   

  • John Rogers Comments on Bristow Group Inc.

    Also, helicopter services company Bristow Group Inc. (NYSE:BRS) returned - 39.41% due to uncertainty in its business. As you know, oil prices increased more than +25% over the course of the quarter—which marginally improves its business in the intermediate term. Yet the market reacted poorly to its quarterly earnings report: it earned $0.13 per share versus the consensus of $0.55. Plus, management declined to give guidance for its oil and gas segment. While earnings are temporarily constrained we think the long-term opportunity remains sound.

    From John Rogers (Trades, Portfolio)' Ariel Fund second quarter 2016 commentary.   

  • John Rogers Comments on Lazard Ltd

    Other holdings experienced a short-term struggle. Asset manager and transaction advisor Lazard Ltd (NYSE:LAZ) fell -22.44% after a weak earnings report. Specifically, the company reported adjusted quarterly earnings of $0.50 per share, short of the consensus $0.65 expectation. Revenues were a bit light, while a higher compensation ratio drove the bulk of the miss. In addition, there were net outflows of $361 million in the quarter. We continue to believe the company has a considerable advantage in the crucial emerging markets investment niche.

    From John Rogers (Trades, Portfolio)' Ariel Fund second quarter 2016 commentary.   

  • John Rogers Comments on Dun & Bradstreet Corp

    In addition, credit specialist Dun & Bradstreet Corp. (NYSE:DNB) rose +18.67% after a strong earnings report. After some disappointing numbers in 2015, Wall Street lost faith that the company would get back to its traditional growth rates. This quarter revenues were strong in the U.S., margins were materially better than expected, and so the adjusted earnings per share hit $1.18 (well above the $0.95 consensus). We think Dun & Bradstreet has a solid plan to keep growing, so we plan to remain patient—as we have been all along.

    From John Rogers (Trades, Portfolio)' Ariel Fund second quarter 2016 commentary.   

  • John Rogers Comments on Silica Holdings

    Some of our holdings performed well during the quarter. High-quality industrial sand producer U.S. Silica Holdings, Inc. (NYSE:SLCA) surged +52.01% as oil prices recovered.

    Specifically, the price of crude oil moved fromapproximately $35 to $52 before settling back. This move gave investors confidence that oil and gas producers, U.S. Silica’s core customer base, will remain big customers of the firm. We continue to see Silica as having a significant logistical advantage over peers in its crucial niche.


  • John Rogers' Ariel Fund 2nd Quarter Commentary

    Quarter Ended June 30, 2016


  • Ariel Investments' Charlie Bobrinskoy Discusses European Stress Test Results

    European banks released their stress test results Friday, and Ariel Investments, led by John Rogers (Trades, Portfolio), worries about their safety.

    "There's too much risk to be investing in these names," he said. "They just don't represent a good risk-reward trade-off. Clearly the European bank authorities don't want to send a signal that there are real problems in the system. There are real problems in the system, particularly in Italy."   

  • John Rogers' Ariel Fund June Commentary

    Obviously, the Brexit vote was the big event this month, and what a short, strange trip it has been. On June 23rd, the United Kingdom’s citizens voted whether to Remain a part of the European Union (Bremain) or to Leave it (Brexit). This referendum was born in 2013, when Prime Minister David Cameron promised there would be a stay/go vote if he were re-elected. At the time, low rumblings came from some who were dissatisfied with the E.U.; Cameron firmly believed in the Union. He considered the referendum low risk—he was wrong. Leading up to the vote, the British political betting markets showed an 88% chance Bremain would win; public opinion polls leaned that way but less firmly. In the end, more than 30 million voters (greater than 70% of eligible voters) voted to leave the E.U. by a 52% to 48% margin. Experts were stunned, the media scrambled, and the British pound fell -10.67% (versus the dollar) in just two days. Cameron announced he would resign.


  • John Rogers Continues to Buy Morgan Stanley, Ansys

    John Rogers (Trades, Portfolio) is the founder of Ariel Investment LLC, which he started in 1983. In both fourth quarter 2015 and first quarter 2016 the guru bought shares in the following stocks:

    HSBC Holdings PLC (HSBC)


  • John Rogers Buys DeVry, American Express

    John Rogers (Trades, Portfolio) is the founder of Ariel Investment LLC, which he started in 1983. During the first quarter he bought shares in the following stocks:

    The guru increased his stake in Northern Trust Corp. (NTRS) by 59.09% with an impact of 0.74% on the portfolio.


  • John Rogers Exits Blount International in 1st Quarter

    The largest first-quarter transactions made by John Rogers (Trades, Portfolio), founder of Ariel Investment LLC, were not acquisitions but sales of stakes and portions of stakes in his portfolio. Here is a rundown of some of his largest deals.

    Rogers sold his 7,536,792-share stake in Blount International Inc. (NYSE:BLT), a Portland, Oregon-based maker of replacement parts, equipment and accessories for chain saws and other outdoor products, for an average price of $9.59 per share. The divestiture had a -0.89% impact on Rogers’ portfolio.


  • John Rogers Commentary for Month Ended May 31, 2016

    We traditionally examine domestic market leadership near the midpoint of the year. At this point last year, growth stocks were crushing value equities as optimism dominated. This year the mood has shifted significantly, highlighted by value stocks’ leadership. Here are the 12 Russell indexes we use to assess this sentiment:

    Eleven of these indexes are up in 2016; only the Russell 2000 Growth Index is down. Value stocks have turned the table and are outperforming growth stocks. The four top returns all come from value indexes; the four worst returns come from growth benchmarks. Turning to market cap differences, small caps are mainly lagging large caps.


  • Stocks Fall to 5-Year Lows

    According to GuruFocus' list, these guru stocks have reached their five-year lows: Bed Bath & Beyond Inc. (NASDAQ:BBBY), Nordstrom Inc. (NYSE:JWN), Fossil Group Inc. (NASDAQ:FOSL) and DeVry Education Group Inc. (NYSE:DV).

    Bed Bath & Beyond reaches $45.57


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