John Rogers

Last Update: 05-14-2015

Number of Stocks: 187
Number of New Stocks: 4

Total Value: $8,922 Mil
Q/Q Turnover: 9%

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 (%)
201344.6832.3912.3
201220.32164.3
2011-11.342.11-13.5
3-Year Cumulative54.3 (15.6%/year)56.8 (16.2%/year)-2.5 (-0.6%/year)
201025.9715.0610.9
200963.4226.4637.0
5-Year Cumulative217.7 (26%/year)128.2 (17.9%/year)89.5 (8.1%/year)
2008-48.25-37-11.2
2007-1.75.49-7.2
200610.3515.79-5.4
20050.924.91-4.0
200421.9710.8811.1
10-Year Cumulative119.5 (8.2%/year)104.2 (7.4%/year)15.3 (0.8%/year)
200328.0428.68-0.6
2002-5.18-22.116.9
200114.21-11.8926.1
200028.77-9.137.9
1999-5.7621.04-26.8
15-Year Cumulative269.4 (9.1%/year)98.5 (4.7%/year)170.9 (4.4%/year)
19989.8928.58-18.7
199736.4433.363.1
199623.5122.960.6
199518.5237.58-19.1
1994-4.221.32-5.5
20-Year Cumulative676.6 (10.8%/year)483.4 (9.2%/year)193.2 (1.6%/year)
19938.7310.08-1.4
199211.737.624.1
199132.7230.472.3
1990-16.08-3.1-13.0
198925.1131.69-6.6
25-Year Cumulative1214.6 (10.9%/year)1050.6 (10.3%/year)164 (0.6%/year)
198839.9216.6123.3
198711.45.16.3

Top Ranked Articles

Notes from the Cincinnati CFA Value Investing Panel (DELL, AAPL, CX, YMC, LAZ, BX, KKR)
On Tuesday, October 11th, I attended a Value Investing Panel sponsored by the CFA Society of Cincinnati. The event, moderated by Chris Meyer of the Fund Evaluation Group, featured renowned small cap investor John Rogers of Ariel Investments and James Thompson, senior analyst at Southeastern Asset Management. While less known than Rogers, Thompson has spent 12 years under the tutelage of the legendary Mason Hawkins at Southeastern. The session covered everything from investment philosophy to choosing portfolio managers to finding value in today’s market. My notes are below, broken down by category. I used quotation marks for any direct quotes. Any errors in the notes are mine. Read more...
John Rogers' October Monthly Market Commentary
This past month the 25-year anniversary of a very important market incident occurred—“Black Monday,” which was the largest single-day drop in the history of the American stock market. That day, October 19, 1987, holds special meaning for Ariel Investments for two related reasons. First, it was the first huge shock to the stock market system after our firm’s launch in 1983. Second, the crash served as an intellectual kiln; hardening and making permanent the ideas on which we founded Ariel. While many might think a one-day market event 25 years ago is no longer relevant, to our ears its lessons continue to echo. Read more...
Ariel Funds Top Buys: "We think like Halvorsen: CRL is a buy"
John Rogers founded Ariel Capital Management LLC in 1983. As of 2008, the firm had over $15.5 billion in assets under management. Read more...
Why John Rogers of Ariel Capital Managemnent own 13% of Gannett
John Rogers owns 29 million shares of GCI or roughly 13% of the company. Why would an investor want to own a newspaper company? Everyone will tell you that newspapers are a dying industry. My two sons, both in college, will insist that they will never read newspapers, but instead will continue get all of their information free from various free on-line sites. So what's to like here? Lets go over a few valuation metrics. GCI closed at $11.16 yesterday, down from a recent high of $14 and change, and an all-time high of $89 in 2003. Read more...
Aflac Announces Increased Share Repurchases and Boosts Dividends
Aflac (AFL), one of the largest insurers and most familiar brands in American insurance, enhanced its financial reputation this week by increasing its dividend and announcing that it would be spending more on stock repurchases in the near future. Read more...
» More John Rogers Articles

Commentaries and Stories

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

John Rogers' Investment Propels Two Stakes into His Personal Top 10
John Rogers (Trades, Portfolio), founder of Ariel Investment, LLC, is known to like to invest in small and medium-sized companies whose share prices are undervalued, believing that patience, independent thinking and a long-term outlook are critical to achieving good returns. Ariel had a 44.68% return in 2013 and a 20.32% return in 2012. More...

STOCKS, LONG


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Risk & Reward with Gilead Sciences Inc. (GILD)
I realize that biotech stocks are not really value investments, per se. They constantly need R&D to keep up with competitors and the competitive advantages from drug patents have a limited, albeit long, time frame. However, with Gilead (GILD) there could be some reward owning at this level. More...

BIOTECH, HEALTHCARE, LONG


  • Currently 3.33/5

Rating: 3.3/5 (3 votes)

John Rogers' Ariel Fund Monthly Commentary for April
In the March monthly commentary, we discussed how our investment activity drove Ariel Fund’s strong bull market performance, examining focus, concentration and the trading of portfolio holdings. In our traditional value quarterly letter from the same period, we examined K. J. Martijn Cremers’s Patient Capital Outperformance: The Investment Skill of High Active Share Managers Who Trade Infrequently, to explore the benefits of being highly active managers with long holding periods. This month, we will bring the two topics together and dive deeper to study portfolio turnover. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

5-year lows: Bridgepoint Education, Pendrell Corp, Gulf Island Fabrication, and Commercial Vehicle Group Inc.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Bridgepoint Education Inc, Pendrell Corp, Gulf Island Fabrication Inc, and Commercial Vehicle Group Inc. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Guru Investors Are Piling Into National Oilwell Varco John Rogers, Joel Greenblatt, David Dreman - Guru Investors Are Piling Into National Oilwell Varco
Plenty of top name super investors continue to buy into this stock, and rightfully so. More...

ENERGY, OIL, BUFFETT, GREENBLATT, ROGERS, National Oilwell Varco


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

John Rogers' Ariel Fund Q1 2015 Commentary
Investing in small- and mid-cap stocks is riskier and more volatile than investing in large-cap stocks. The intrinsic value of the stocks in which the Fund invests may never be recognized by the broader market. Ariel Fund often invests a significant portion of its assets in companies within the financial services and consumer discretionary sectors, and its performance may suffer if these sectors underperform the overall stock market. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

John Rogers' Ariel Fund Monthly Commentary on March
We will not beat around the bush: We are very proud of our flagship Ariel Fund’s performance record. Within its Morningstar1 MidBlend Category, the Fund ranks in the top decile over the trailing 1-, 3-, 5-, and 15-year periods as of March 31, 2015. True, no fund has a spotless record: Ariel Fund ranks in the 70th percentile over the 10-year period. That decade-long period contains the 2006-2008 period when the Fund struggled. But just as there are periods where a fund is out of favor, there are periods where everything clicks. In the six years between the March 9, 2009 bottom and March 9, 2015, Ariel Fund ranks number one in the 259 funds in this same category. Moreover, its performance over that stretch has been balanced. Among funds that existed in March 2009 as well as March 2015, Ariel Fund ranked number one among 259 category peers in the three years from March 9, 2009 to March 9, 2012, and it ranked number four among 322 in its category in the three years from March 9, 2012 to March 9, 2015. More...

  • Currently 3.00/5

Rating: 3.0/5 (1 vote)

John Rogers Expands Stake in MTS Systems John Rogers - John Rogers Expands Stake In MTS Systems
Guru John Rogers (Trades, Portfolio) did something in February that he has done in nearly every quarter for the last two years – he bought stock in MTS Systems Corp (MTSC), a provider of test systems and industrial position sensors based in suburban Minneapolis. More...

John Rogers, MTS Systems


  • Currently 1.00/5

Rating: 1.0/5 (2 votes)

Analyzing John Rogers' Top Holding: Gannett Co. John Rogers - Analyzing John Rogers' Top Holding: Gannett Co.
John Rogers (Trades, Portfolio) 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 the Ariel Appreciation Fund (CAAPX). He is also a long-term Forbes columnist writing a column called "Patient Investor." More...

LONG


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Weekly Guru Bargains Highlights: NOV, PBR.A, EC, VALE, SSL
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

John Rogers' Top Growth Stocks
John Rogers (Trades, Portfolio) 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. Rogers 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." More...

John Rogers


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Weekly 3-Year Low Highlights: IBM, ABEV, ITUB, OXY
According to GuruFocus list of 3-year lows, International Business Machines Corp, Ambev SA, Itau Unibanco Holding SA and Occidental Petroleum Corp have all reached their 3-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Mario Gabelli´s Last Bet
Mario Gabelli (Trades, Portfolio) is the founder, chairman, and CEO of Gabelli Asset Management Company Investors (GAMCO Investors) a $30 billion dollar global investment firm headquartered in Rye, New York. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

John Rogers' Ariel Fund February Monthly Commentary
A year ago, we analyzed performance since the market bottom in March 2009. We often repeat topics but did not anticipate a sequel to that commentary. And yet we are indeed providing an update because the story remains compelling and thought provoking. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

January Commentary from Ariel Fund's John Rogers
In January 2013, we devoted our monthly commentary to asset flows and have since found it a good way to kick off the year. Interestingly, before the 2007-2009 financial crisis, it was a rather dry task to track the amounts investors put into and pulled out of various mutual funds. In the wake of that epic bear market, however, investor behavior shifted dramatically and made the topic more intriguing. The flows from 2012 showed a big preference for bonds over stocks, a huge swing from actively managed equity portfolios to passive ones and a much greater fondness for funds with stellar short-term performance. The 2013 flows looked better, with inflows to taxable bond, international stock and U.S. stock funds (including active U.S. stock funds) and less performance chasing. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Weekly CEO Buys Highlight: BH, WMS, MBFI, PKY, HOS
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

John Rogers Increases His Position in MN John Rogers,Warren Buffett - John Rogers Increases His Position In MN
John Rogers (Trades, Portfolio) of Ariel Investment, LLC recently increased his position in Manning & Napier Inc (MN). There are currently 186 stocks in his portfolio, valued at $7.750 billion with a quarter over quarter turnover rate of 8%. More...

WARREN BUFFETT, BENJAMIN GRAHAM, PRINCETON UNIVERSITY, WOODROW WILSON AWARD, STOCK, INVESTMENT FIRM, ECONOMICS


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

John Rogers Ariel Funds Q4 2014 Commentary
Investing in small- and mid-cap stocks is riskier and more volatile than investing in large-cap stocks. The intrinsic value of the stocks in which the portfolio invests may never be recognized by the broader market. Ariel Fund often invests a significant portion of its assets in companies within the financial services and consumer discretionary sectors, and its performance may suffer if these sectors underperform the overall stock market. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Weekly Guru Bargains Highlights: NFLX, CS, CAT, HAL, SLB
According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Respected Value Investor John Rogers Of The Ariel Fund Shares His Top Three Picks For 2015 John Rogers - Respected Value Investor John Rogers Of The Ariel Fund Shares His Top Three Picks For 2015
Where does John Rogers (Trades, Portfolio) see value in 2015. More...

STOCK PICKS, VALUE INVESTING, ARIEL INVESTMENT LLC


Add Notes, Comments

If you want to ask a question, or report a bug, please create a support ticket.

User Comments

No comment yet

Latest Guru Stock Picks


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK