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Ariel Funds Buys DV, FRPT, GCI, WPO, BEC, ARP, LNDC, IMN, Sells BID, IPG, PVTB, AXE, COV, DIS, GIFI

gurufocus

gurufocus

333 followers
John Rogers of Ariel Funds reported his Q4 portfolio. As of 12/31/2010, Ariel Capital Management owns 113 stocks with a total value of $5.3 billion. These are the details of the buys and sells.

Ariel Capital Management was founded by John Rogers, which believes that slow and steady wins the race. His letters to shareholders are called “Turtle Talk”. In 2010 Ariel Fund gained +25.97% versus +24.82% for the Russell 2500 Value Index.

He wrote in his latest shareholder letter: …the roller coaster is scariest at the top and somewhat calming at the bottom. And yet, the actual experience of riding a roller coaster runs counter to how many investors feel during market swings—reassured and enthusiastic when stocks are popular and expensive, scared and running for the exit when they bottom out.



So here is where we lean on Buffett and the big ideas that fly in the face of today's rampant fears of stock market swings. He not only stresses that "volatility does not measure risk" but further emphasizes in the 1993 Berkshire Hathaway Annual Report (BRK.B) that "the true investor welcomes volatility…because a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses." This is exactly what we witnessed in 2008 and early 2009 when the market had indiscriminately punished so many great companies that at the time we said we felt like "a kid in a candy store."

This is the portfolio chart of John Rogers. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of John Rogers's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=John+Rogers

This is the sector weightings of his portfolio:

Consumer Services 28.8%
Financials 22.2%
Consumer Goods 21.2%
Industrials 15.7%
Health Care 10.3%
Technology 1.4%
Oil & Gas 0.2%


These are the top 5 holdings of John Rogers

  1. GANNETT CO. INC. (GCI) - 14,583,208 shares, 4.14% of the total portfolio. Shares added by 7.78%
  2. CBS Corp. (CBS) - 9,942,197 shares, 3.56% of the total portfolio. Shares reduced by 1.7%
  3. LAZARD LTD. (LAZ) - 4,684,475 shares, 3.48% of the total portfolio. Shares reduced by 3.78%
  4. DEVRY INC. (DV) - 3,829,173 shares, 3.46% of the total portfolio. Shares added by 55.28%
  5. JONES LANG LASALLE INC. (JLL) - 2,188,581 shares, 3.45% of the total portfolio. Shares reduced by 3.71%


Added: Devry Inc. (DV)

John Rogers added to his holdings in Devry Inc. by 55.28%. His purchase prices were between $41.72 and $50.96, with an estimated average price of $46.04. The impact to his portfolio due to this purchase was 1.23%. His holdings were 3,829,173 shares as of 12/31/2010.

Added: Force Protection Inc. (FRPT)

John Rogers added to his holdings in Force Protection Inc. by 847.53%. His purchase prices were between $4.99 and $5.7, with an estimated average price of $5.33. The impact to his portfolio due to this purchase was 0.35%. His holdings were 3,734,849 shares as of 12/31/2010.

Added: Gannett Co. Inc. (GCI)

John Rogers added to his holdings in Gannett Co. Inc. by 7.78%. His purchase prices were between $11.76 and $15.78, with an estimated average price of $13.52. The impact to his portfolio due to this purchase was 0.3%. His holdings were 14,583,208 shares as of 12/31/2010.

Added: Washington Post Co. (WPO)

John Rogers added to his holdings in Washington Post Co. by 32.79%. His purchase prices were between $370.06 and $440.92, with an estimated average price of $398.71. The impact to his portfolio due to this purchase was 0.22%. His holdings were 108,384 shares as of 12/31/2010.

Added: Zimmer Holdings Inc. (ZMH)

John Rogers added to his holdings in Zimmer Holdings Inc. by 13.97%. His purchase prices were between $47.44 and $54.97, with an estimated average price of $51.49. The impact to his portfolio due to this purchase was 0.14%. His holdings were 1,114,362 shares as of 12/31/2010.

Added: Dun & Bradstreet Corp (DNB)

John Rogers added to his holdings in Dun & Bradstreet Corp by 5.54%. His purchase prices were between $73.87 and $81.85, with an estimated average price of $77. The impact to his portfolio due to this purchase was 0.12%. His holdings were 1,486,084 shares as of 12/31/2010.

Added: Smucker Company (SJM)

John Rogers added to his holdings in Smucker Company by 5.51%. His purchase prices were between $60.76 and $65.86, with an estimated average price of $63.79. The impact to his portfolio due to this purchase was 0.11%. His holdings were 1,697,286 shares as of 12/31/2010.

Added: Hospira Inc. (HSP)

John Rogers added to his holdings in Hospira Inc. by 6.2%. His purchase prices were between $54.83 and $59.65, with an estimated average price of $57.4. The impact to his portfolio due to this purchase was 0.1%. His holdings were 1,645,148 shares as of 12/31/2010.

Added: Lee Enterprises Inc. (LEE)

John Rogers added to his holdings in Lee Enterprises Inc. by 31.67%. His purchase prices were between $1.76 and $2.87, with an estimated average price of $2.22. The impact to his portfolio due to this purchase was 0.08%. His holdings were 7,437,607 shares as of 12/31/2010.

Added: Knot Inc. (KNOT)

John Rogers added to his holdings in Knot Inc. by 181.27%. His purchase prices were between $8.7 and $10.3, with an estimated average price of $9.39. The impact to his portfolio due to this purchase was 0.03%. His holdings were 232,090 shares as of 12/31/2010.

Added: Crown Crafts Inc (CRWS)

John Rogers added to his holdings in Crown Crafts Inc by 529.03%. His purchase prices were between $4.83 and $5.7, with an estimated average price of $5.25. The impact to his portfolio due to this purchase was 0.03%. His holdings were 368,110 shares as of 12/31/2010.

Added: Ballantyne Strong Inc (BTN)

John Rogers added to his holdings in Ballantyne Strong Inc by 47.45%. His purchase prices were between $6.61 and $8.99, with an estimated average price of $7.8. The impact to his portfolio due to this purchase was 0.03%. His holdings were 526,446 shares as of 12/31/2010.

Added: Red Lions Hotel Corp. (RLH)

John Rogers added to his holdings in Red Lions Hotel Corp. by 103.71%. His purchase prices were between $7.2 and $8.28, with an estimated average price of $7.91. The impact to his portfolio due to this purchase was 0.02%. His holdings were 237,460 shares as of 12/31/2010.

Added: Mitcham Industries Inc. (MIND)

John Rogers added to his holdings in Mitcham Industries Inc. by 49.67%. His purchase prices were between $7.43 and $11.21, with an estimated average price of $9.11. The impact to his portfolio due to this purchase was 0.02%. His holdings were 326,472 shares as of 12/31/2010.

Added: Orion Energy Systems Inc. (OESX)

John Rogers added to his holdings in Orion Energy Systems Inc. by 53.81%. His purchase prices were between $3.13 and $3.98, with an estimated average price of $3.41. The impact to his portfolio due to this purchase was 0.02%. His holdings were 1,033,800 shares as of 12/31/2010.

Added: Edgewater Technology Inc. (EDGW)

John Rogers added to his holdings in Edgewater Technology Inc. by 128.59%. His purchase prices were between $2.35 and $3, with an estimated average price of $2.81. The impact to his portfolio due to this purchase was 0.02%. His holdings were 646,708 shares as of 12/31/2010.

Added: Perceptron Inc. (PRCP)

John Rogers added to his holdings in Perceptron Inc. by 98.44%. His purchase prices were between $4.31 and $5.63, with an estimated average price of $5.09. The impact to his portfolio due to this purchase was 0.02%. His holdings were 533,275 shares as of 12/31/2010.

Added: Guaranty Bancorp (GBNK)

John Rogers added to his holdings in Guaranty Bancorp by 62.22%. His purchase prices were between $1.26 and $1.64, with an estimated average price of $1.43. The impact to his portfolio due to this purchase was 0.01%. His holdings were 595,586 shares as of 12/31/2010.

Added: Orbcomm Inc. (ORBC)

John Rogers added to his holdings in Orbcomm Inc. by 145.56%. His purchase prices were between $2.24 and $2.7, with an estimated average price of $2.52. The impact to his portfolio due to this purchase was 0.01%. His holdings were 297,816 shares as of 12/31/2010.

Added: 21st Century Holding Company (TCHC)

John Rogers added to his holdings in 21st Century Holding Company by 116.52%. His purchase prices were between $3.14 and $3.74, with an estimated average price of $3.42. The impact to his portfolio due to this purchase was 0.01%. His holdings were 237,765 shares as of 12/31/2010.

Added: Sigma Designs Inc. (SIGM)

John Rogers added to his holdings in Sigma Designs Inc. by 30.36%. His purchase prices were between $10.92 and $14.27, with an estimated average price of $12.1. The impact to his portfolio due to this purchase was 0.01%. His holdings were 235,035 shares as of 12/31/2010.

Added: Csp Inc. (CSPI)

John Rogers added to his holdings in Csp Inc. by 312.85%. His purchase prices were between $3.83 and $5.155, with an estimated average price of $4.47. The impact to his portfolio due to this purchase was 0.01%. His holdings were 208,980 shares as of 12/31/2010.

Added: Multifineline Electronix Inc. (MFLX)

John Rogers added to his holdings in Multifineline Electronix Inc. by 51.51%. His purchase prices were between $21.77 and $26.43, with an estimated average price of $23.81. The impact to his portfolio due to this purchase was 0.01%. His holdings were 46,680 shares as of 12/31/2010.

New Purchase: Beckman Coulter Inc. (BEC)

John Rogers initiated holdings in Beckman Coulter Inc.. His purchase prices were between $47.15 and $75.57, with an estimated average price of $57.73. The impact to his portfolio due to this purchase was 1.17%. His holdings were 825,360 shares as of 12/31/2010.

New Purchase: American Reprographics Company (ARP)

John Rogers initiated holdings in American Reprographics Company. His purchase prices were between $6.54 and $7.9, with an estimated average price of $7.24. The impact to his portfolio due to this purchase was 0.04%. His holdings were 294,670 shares as of 12/31/2010.

New Purchase: Landec Corp. (LNDC)

John Rogers initiated holdings in Landec Corp.. His purchase prices were between $5.67 and $6.48, with an estimated average price of $6.21. The impact to his portfolio due to this purchase was 0.03%. His holdings were 241,070 shares as of 12/31/2010.

New Purchase: Imation Corp. (IMN)

John Rogers initiated holdings in Imation Corp.. His purchase prices were between $9.3 and $10.93, with an estimated average price of $9.89. The impact to his portfolio due to this purchase was 0.02%. His holdings were 82,748 shares as of 12/31/2010.

New Purchase: Gaiam Inc. (GAIA)

John Rogers initiated holdings in Gaiam Inc.. His purchase prices were between $6.25 and $7.81, with an estimated average price of $7.39. The impact to his portfolio due to this purchase was 0.01%. His holdings were 102,265 shares as of 12/31/2010.

New Purchase: Market Leader Inc (LEDR)

John Rogers initiated holdings in Market Leader Inc. His purchase prices were between $1.69 and $2.05, with an estimated average price of $1.91. The impact to his portfolio due to this purchase was 0.01%. His holdings were 413,185 shares as of 12/31/2010.

Reduced: Sotheby's (BID)

John Rogers reduced to his holdings in Sotheby's by 41.24%. His sale prices were between $35.59 and $46.8, with an estimated average price of $42.18. The impact to his portfolio due to this sale was -0.9%. John Rogers still held 1,513,023 shares as of 12/31/2010.

Reduced: Interpublic Group Of Cos. (IPG)

John Rogers reduced to his holdings in Interpublic Group Of Cos. by 21.46%. His sale prices were between $9.98 and $11.11, with an estimated average price of $10.63. The impact to his portfolio due to this sale was -0.78%. John Rogers still held 14,365,937 shares as of 12/31/2010.

Reduced: Privatebancorp Inc. (PVTB)

John Rogers reduced to his holdings in Privatebancorp Inc. by 44.6%. His sale prices were between $11.15 and $15.02, with an estimated average price of $12.68. The impact to his portfolio due to this sale was -0.55%. John Rogers still held 2,502,773 shares as of 12/31/2010.

Reduced: Anixter International Inc (AXE)

John Rogers reduced to his holdings in Anixter International Inc by 25.99%. His sale prices were between $52.44 and $60.8, with an estimated average price of $56.78. The impact to his portfolio due to this sale was -0.54%. John Rogers still held 1,381,293 shares as of 12/31/2010.

Reduced: Constellation Brands Inc. (STZ)

John Rogers reduced to his holdings in Constellation Brands Inc. by 21.07%. His sale prices were between $17.66 and $22.4, with an estimated average price of $20.36. The impact to his portfolio due to this sale was -0.13%. John Rogers still held 1,161,945 shares as of 12/31/2010.

Reduced: Authentec Inc. (AUTH)

John Rogers reduced to his holdings in Authentec Inc. by 27.04%. His sale prices were between $1.73 and $2.59, with an estimated average price of $2.18. The impact to his portfolio due to this sale was -0.01%. John Rogers still held 676,340 shares as of 12/31/2010.

Reduced: Shoe Carnival Inc. (SCVL)

John Rogers reduced to his holdings in Shoe Carnival Inc. by 27.84%. His sale prices were between $20.96 and $29.775, with an estimated average price of $25.41. The impact to his portfolio due to this sale was -0.01%. John Rogers still held 67,565 shares as of 12/31/2010.

Sold Out: Covidien Plc. (COV)

John Rogers sold out his holdings in Covidien Plc.. His sale prices were between $39.5 and $46.48, with an estimated average price of $42.47.

Sold Out: Walt Disney Company (DIS)

John Rogers sold out his holdings in Walt Disney Company. His sale prices were between $33.14 and $37.95, with an estimated average price of $36.32.

Sold Out: Gulf Island Fabrication Inc. (GIFI)

John Rogers sold out his holdings in Gulf Island Fabrication Inc.. His sale prices were between $18.16 and $30.29, with an estimated average price of $25.45.

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gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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