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' s Profile & Performance

Profile

John Rogers is the Founder of Ariel Investment, LLC, which he started in 1983. As of 2008, the firm had over $15.5 billion in assets under management. John manages Ariel's small and mid-cap institutional portfolios as well as the Ariel Fund (ARGFX) and Ariel Appreciation Fund (CAAPX). He is also a long-term Forbes columnist writing a column called "Patient Investor."

Web Page:http://www.arielmutualfunds.com/

Investing Philosophy

Rogers has concentrated his investment selection on small and medium-sized companies whose share prices are undervalued. He believes that patience, independent thinking, and a long-term outlook are essential to achieving good returns. His fund seeks to purchase companies whose prospects include high barriers to entry, sustainable competitive advantages, and predictable fundamentals that allow for double digit cash earnings growth. Rogers purchases companies when they are trading at a low valuation relative to potential earnings (p/e less than 13x forward cash earnings) and/or a low valuation relative to intrinsic worth (40% discount to private market value - PMV).

Total Holding History

Performance of Ariel Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
2015-4.11.19-5.3
201410.9513.69-2.7
201344.6832.3912.3
3-Year Cumulative53.9 (15.5%/year)52.3 (15.1%/year)1.6 (0.4%/year)
201220.32164.3
2011-11.342.11-13.5
5-Year Cumulative64.2 (10.4%/year)80.4 (12.5%/year)-16.2 (-2.1%/year)
201025.9715.0610.9
200963.4226.4637.0
2008-48.25-37-11.2
2007-1.75.49-7.2
200610.3515.79-5.4
10-Year Cumulative89.8 (6.6%/year)102 (7.3%/year)-12.2 (-0.7%/year)
20050.924.91-4.0
200421.9710.8811.1
200328.0428.68-0.6
2002-5.18-22.116.9
200114.21-11.8926.1
15-Year Cumulative223.9 (8.2%/year)107.5 (5%/year)116.4 (3.2%/year)
200028.77-9.137.9
1999-5.7621.04-26.8
19989.8928.58-18.7
199736.4433.363.1
199623.5122.960.6
20-Year Cumulative627.9 (10.4%/year)381.4 (8.2%/year)246.5 (2.2%/year)
199518.5237.58-19.1
1994-4.221.32-5.5
19938.7310.08-1.4
199211.737.624.1
199132.7230.472.3
25-Year Cumulative1232.2 (10.9%/year)937.3 (9.8%/year)294.9 (1.1%/year)
1990-16.08-3.1-13.0
198925.1131.69-6.6
198839.9216.6123.3
198711.45.16.3

Top Ranked Articles

John Rogers Comments on Barrick Gold Corp Guru stock highlight
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. Read more...
John Rogers Comments on BorgWarner Inc. Guru stock highlight
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. Read more...
John Rogers Comments on KKR & Co. L.P. Guru stock highlight
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. Read more...
John Rogers Comments on Abbott Laboratories Guru stock highlight
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. Read more...
John Rogers Buys MSG Networks Guru adds to holding in cable and satellite TV company
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. Read more...
» More John Rogers Articles

Commentaries and Stories

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John Rogers Comments on Abbott Laboratories Guru stock highlight
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. More...

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John Rogers Comments on KKR & Co. L.P. Guru stock highlight
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. More...

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John Rogers Comments on BorgWarner Inc. Guru stock highlight
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. More...

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John Rogers Comments on Barrick Gold Corp Guru stock highlight
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. More...

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John Rogers' Ariel Focus Fund 2nd Quarter Commentary Investor reviews economy and holdings John Rogers - 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. More...

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John Rogers Buys MSG Networks Guru adds to holding in cable and satellite TV company John Rogers,Mario Gabelli,First Eagle Investment,J - 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. More...

ROGERS, ENTERTAINMENT, BUY


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John Rogers Discusses Buffett-Inspired Moats in July Commentary Ariel Funds seeks companies with durable competitive advantage John Rogers - 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. More...

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John Rogers Comments on Viacom Guru stock highlight
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. More...

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John Rogers Comments on Bristow Group Inc. Guru stock highlight
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. More...

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John Rogers Comments on Lazard Ltd Guru stock highlight
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. More...

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John Rogers Comments on Dun & Bradstreet Corp Guru stock highlight
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. More...

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John Rogers Comments on Silica Holdings Guru stock highlight
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. More...

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John Rogers' Ariel Fund 2nd Quarter Commentary Review of holdings and economy John Rogers - John Rogers' Ariel Fund 2nd Quarter Commentary
Quarter Ended June 30, 2016 More...

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Ariel Investments' Charlie Bobrinskoy Discusses European Stress Test Results John Rogers' Ariel Investments does not believe European banks are a good investment John Rogers - 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. More...

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John Rogers' Ariel Fund June Commentary What Brexit sell-off means for investors John Rogers - 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. More...

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John Rogers Continues to Buy Morgan Stanley, Ansys Guru's multiple investments during last 2 quarters John Rogers,Ken Fisher,Charles Brandes,Jim Simons, - 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: More...

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