John Rogers (Trades, Portfolio), founder of Ariel Investment, bought a dozen new stakes and sold a handful in the fourth quarter, but most were comparatively small. By far his largest and most numerous trades were additions or reductions to existing stakes in his portfolio.
Rogers’ most significant fourth-quarter transaction was the reduction of his stake in Newell Rubbermaid Inc. (NYSE:NWL), an Atlanta-based consumer goods company, by nearly 60%. Rogers sold 1,966,048 shares for an average price of $43.83 per share. The deal had a -0.97% impact on Rogers’ portfolio. Continue Reading »