John Rogers

Last Update: 01-08-2016

Number of Stocks: 189
Number of New Stocks: 8

Total Value: $8,032 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 (%)
201410.9513.69-2.7
201344.6832.3912.3
201220.32164.3
3-Year Cumulative93.1 (24.5%/year)74.6 (20.4%/year)18.5 (4.1%/year)
2011-11.342.11-13.5
201025.9715.0610.9
5-Year Cumulative115.7 (16.6%/year)105.1 (15.5%/year)10.6 (1.1%/year)
200963.4226.4637.0
2008-48.25-37-11.2
2007-1.75.49-7.2
200610.3515.79-5.4
20050.924.91-4.0
10-Year Cumulative99.7 (7.2%/year)109.4 (7.7%/year)-9.7 (-0.5%/year)
200421.9710.8811.1
200328.0428.68-0.6
2002-5.18-22.116.9
200114.21-11.8926.1
200028.77-9.137.9
15-Year Cumulative334.9 (10.3%/year)86.4 (4.2%/year)248.5 (6.1%/year)
1999-5.7621.04-26.8
19989.8928.58-18.7
199736.4433.363.1
199623.5122.960.6
199518.5237.58-19.1
20-Year Cumulative799.6 (11.6%/year)554.6 (9.8%/year)245 (1.8%/year)
1994-4.221.32-5.5
19938.7310.08-1.4
199211.737.624.1
199132.7230.472.3
1990-16.08-3.1-13.0
25-Year Cumulative1065.8 (10.3%/year)893.3 (9.6%/year)172.5 (0.7%/year)
198925.1131.69-6.6
198839.9216.6123.3
198711.45.16.3

Top Ranked Articles

John Rogers Comments on Mattel Guru stock highlight
Toy-maker Mattel, Inc. (NASDAQ:MAT) returned +31.09% after naysayers started turning positive. For some time this company and the whole industry have been in the doghouse. But consultants and analysts have become more positive on the toy business and, at Mattel, on key brands Barbie and Fisher Price. As often happens with broad predictions of immense change, we think the notion that children will suddenly stop playing with Barbie dolls and switch wholesale to digital entertainment goes way too far. Read more...
John Rogers Comments on Nordstrom Inc. Guru stock highlight
Upscale department store Nordstrom, Inc. (NYSE:JWN) declined -25.11% after missing earnings. Broad-based weakness, largely driven by slow traffic, caused the company to earn $0.57 per share during the quarter—well short of the expected $0.72. Nordstrom slashed prices to clear inventory, which was painful short term but now puts it in shape to succeed from this point forward. Read more...
John Rogers Comments on Blount Intl Inc. Guru stock highlight
Some of our holdings posted solid gains for the quarter. Chainsaw chain-maker Blount Intl, Inc. (NYSE:BLT) leapt +76.12% on news of its upcoming acquisition. On December 10th it entered a definitive agreement to be acquired by American Securities LLC and P2 Capital Partners, LLC for $ 10 cash per share—an 86% premium to its closing price the day before. While we think the company may be worth even more than its sale price, we view the buyout as a very efficient way to quickly capture much of its value. In fact, we wrote extensively about this stock in our third quarter letter as one of the most undervalued industrial stocks in the portfolio. Read more...
John Rogers Comments on Interpublic Group of Cos. Guru stock highlight
Advertising concern Interpublic Group of Cos., Inc. (NYSE:IPG) advanced +22.32% after a strong quarterly earnings report. Based on revenues and margin that were better than the prior year, the company earned $0.27 per share—ahead of the $0.25 per share expectation. We still think advertising is expanding in ways that drive Interpublic Group’s success, while the crowed is pessimistic about ads in general and established advertising firms in specific. Read more...
John Rogers Comments on Kennametal Inc. Guru stock highlight
Other holdings fell amidst the volatility the past three months. Cutting tool and tooling systems maker Kennametal Inc. (NYSE:KMT) returned -22.33% as end demand has been weaker than previously expected. That cyclical issue has crimped cash flows, making it rather challenging for new CEO Don Nolan to fully execute his plan to improve efficiency via modernization. Read more...
» More John Rogers Articles

Commentaries and Stories

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John Rogers Comments on Nordstrom Inc. Guru stock highlight
Upscale department store Nordstrom, Inc. (NYSE:JWN) declined -25.11% after missing earnings. Broad-based weakness, largely driven by slow traffic, caused the company to earn $0.57 per share during the quarter—well short of the expected $0.72. Nordstrom slashed prices to clear inventory, which was painful short term but now puts it in shape to succeed from this point forward. More...

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John Rogers Comments on Mattel Guru stock highlight
Toy-maker Mattel, Inc. (NASDAQ:MAT) returned +31.09% after naysayers started turning positive. For some time this company and the whole industry have been in the doghouse. But consultants and analysts have become more positive on the toy business and, at Mattel, on key brands Barbie and Fisher Price. As often happens with broad predictions of immense change, we think the notion that children will suddenly stop playing with Barbie dolls and switch wholesale to digital entertainment goes way too far. More...

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10 Fund Managers Are Totally Wrong on GlaxoSmithKline Collectively these gurus own $1.2 billion of the stock at a price point that is unrealistic for future growth Ken Fisher,John Rogers,Charles Brandes,HOTCHKIS & - 10 Fund Managers Are Totally Wrong On GlaxoSmithKline
There are four big positions by guru investors in GlaxoSmithKline (GSK) – starting with Ken Fisher (Trades, Portfolio) who owns 11.5 million shares, John Rogers (Trades, Portfolio) taking 1.4 million shares, Charles Brandes (Trades, Portfolio) with 4.6 million shares and ending with HOTCHKIS & WILEY at 12.4 More...

HEALTHCARE, MAJOR DRUG MANUFACTURERS


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The Latest Chuck Royce Investment You’ve Never Heard Of An interesting small cap with Royce Investments and John Rogers as backers Chuck Royce, John Rogers - The Latest Chuck Royce Investment You’ve Never Heard Of
When I saw the Real-Time Pick from Chuck Royce (Trades, Portfolio), as tracked by GuruFocus, in Perceptron (NASDAQ:PRCP), I was sceptical. Come on, a company called Perceptron? That sounds too much like the Transformers. I never forgot Peter Lynch's advice to always go for the companies with boring names. Don’t go for the -trons, but the Pep Boys & Mannies (PBY) of the world. Even so, I dutifully decided to check it out, and what I found was remarkably interesting. More...

LONG, TECH, ROBOTICS


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John Rogers Comments on China Mobile Ltd. Guru stock highlight
Chinese telecommunications giant China Mobile Ltd. (NYSE:CHL) slipped -4.91%1 amidst broad weakness in Chinese equites and due to concerns over its own slowing customer growth. We think the company’s fundamentals remain solid, so we have been adding to our position. More...

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John Rogers Comments on Acacia Research Corp Guru stock highlight
Other holdings fell amidst the volatility the past three months. Intellectual property and patent expert Acacia Research Corp. (NASDAQ:ACTG) stock fell -52.14% when it lost a lawsuit that many had expected it to win. In our view, Acacia lost the first trial because the jury lacked intellectual patent knowledge. We believe a favorable verdict is merely delayed and not permanently lost; the lawsuit will be refiled in Germany, where it will be decided by a panel of judges who have technical expertise. We have added to the shares because we remain confident in the original thesis. More...

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John Rogers Comments on Microsoft Corp Guru stock highlight
Computing giant Microsoft Corp. (NASDAQ:MSFT) gained +25.95% after reporting continued growth and operating momentum in cloud-based businesses such as Azure cloud and Office 365. The company also benefitted as it guided to lower-than-expected expenses for the full year. We continue to hold the shares. More...

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John Rogers Comments on Baidu Inc. Guru stock highlight
Some of our holdings posted solid gains for the quarter. Internet search provider Baidu, Inc. (NASDAQ:BIDU) outperformed after reporting better-than-expected quarterly earnings and announcing a $2 billion share buyback, rising +37.57% for the quarter. We continue to admire Baidu’s business strategy shift toward mobile and locally-focused services such as movie tickets, home delivery and car services. As such, we have been adding to our position. More...

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John Rogers Comments on Zebra Technologies Corp Guru stock highlight
We also purchased shares of Zebra Technologies Corp. (NASDAQ:ZBRA), the leading global supplier of thermal printing solutions. A current holding in our small cap separate account portfolio (and also an Ariel Fund holding more than a decade ago), we added this bar-code maker to the Fund because we view Zebra as an industry leader with a strong management team, positioned to benefit from global demand for asset tracking solutions. More...

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John Rogers Comments on Madison Square Garden Co Guru stock highlight
In the last quarter of the year, we acquired two new securities in Ariel Fund. We gained a new position in integrated sports, entertainment and media business company The Madison Square Garden Co (NYSE:MSG) as it completed its spin-off from MSG Networks Inc (MSGN), the company that was formerly known as Madison Square Garden Co. We already held shares of the former Madison Square Garden, whose main business focuses on media as a regional sports network. Thenew Madison Square Garden’s business focuses on sports and entertainment with various sports teams and theaters as some of the brands under its belt. More...

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John Rogers Comments on Sotheby’s Guru stock highlight
Auctioneer Sotheby’s (NYSE:BID) sold off -19.17% as it became clearer the art cycle is late in its growth phase. Management is acknowledging that buyers’ discernment on quality is increasing: good lots that once sold at high prices have not reached estimated prices recently. Unfortunately, the market also viewed the company’s auction of A. Alfred Taubman, the owner of Sotheby’s before it went public in 1988, unfavorably. More...

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John Rogers Comments on Kennametal Inc. Guru stock highlight
Other holdings fell amidst the volatility the past three months. Cutting tool and tooling systems maker Kennametal Inc. (NYSE:KMT) returned -22.33% as end demand has been weaker than previously expected. That cyclical issue has crimped cash flows, making it rather challenging for new CEO Don Nolan to fully execute his plan to improve efficiency via modernization. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

John Rogers Comments on Interpublic Group of Cos. Guru stock highlight
Advertising concern Interpublic Group of Cos., Inc. (NYSE:IPG) advanced +22.32% after a strong quarterly earnings report. Based on revenues and margin that were better than the prior year, the company earned $0.27 per share—ahead of the $0.25 per share expectation. We still think advertising is expanding in ways that drive Interpublic Group’s success, while the crowed is pessimistic about ads in general and established advertising firms in specific. More...

  • Currently 0.00/5

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John Rogers Comments on Blount Intl Inc. Guru stock highlight
Some of our holdings posted solid gains for the quarter. Chainsaw chain-maker Blount Intl, Inc. (NYSE:BLT) leapt +76.12% on news of its upcoming acquisition. On December 10th it entered a definitive agreement to be acquired by American Securities LLC and P2 Capital Partners, LLC for $ 10 cash per share—an 86% premium to its closing price the day before. While we think the company may be worth even more than its sale price, we view the buyout as a very efficient way to quickly capture much of its value. In fact, we wrote extensively about this stock in our third quarter letter as one of the most undervalued industrial stocks in the portfolio. More...

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Ariel Global Fund 4th Quarter Commentary From John Rogers Discussion of market and holdings John Rogers - Ariel Global Fund 4th Quarter Commentary From John Rogers
Investments in foreign securities may underperform and may be more volatile than comparable U.S. stocks because of the risks involving foreign economies and markets, foreign political systems, foreign regulatory standards, and foreign currencies and taxes. The use of currency derivatives and exchange-traded funds (ETFs) may increase investment losses and expenses, and create more volatility. Investments in emerging and developing markets present additional risks, such as difficulties in selling on a timely basis and at an acceptable price. The intrinsic value of the stocks in which the Fund invests may never be recognized by the broader market. More...

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Ariel Fund Quarterly Commentary From John Rogers Discussion of holdings and market John Rogers - Ariel Fund Quarterly Commentary From John Rogers
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...

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Ariel Investments Monthly Commentary for December 'Nobody knows what this week of broad losses will become,' Rogers said John Rogers - Ariel Investments Monthly Commentary For December
For equity markets, this was the worst December since 2007. International benchmarks as well as domestic large-cap and small-cap indexes all posted losses. We have not seen such widespread December losses in seven years. Yet somehow, with the holiday fanfare and the endless political news, stock market returns did not garner big headlines. More...

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John Rogers Increases Stake in Toy-Maker Mattel Ariel Investment founder maintains conviction in several holdings John Rogers - John Rogers Increases Stake In Toy-Maker Mattel
John Rogers (Trades, Portfolio) founded Ariel Investment LLC in 1983. He has concentrated his investment selection on small and medium-sized companies whose share prices are undervalued. During the third quarter, Rogers increased many stakes in his portfolio, and the following were some of the largest trades. More...

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A John Rogers Holding That Could Take Flight in 2016 Shining the spotlight on helicopter operator Bristow Group John Rogers - A John Rogers Holding That Could Take Flight In 2016
Guru John Rogers (Trades, Portfolio) is the founder of Ariel Investment LLC. His specialty is in undervalued small and medium-sized companies. Rogers favors companies that are statistically cheap when comparing the price of their stock to potential earnings or when comparing the price of the stocks to the intrinsic values of the stocks. His portfolio is monitored on GuruFocus and I want to highlight one specific company he holds, an $800 million market cap called Bristow Group (NYSE:BRS). More...

LONG, ENERGY


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John Rogers Identifies the Best Value Stocks for 2016 Ariel Investments CEO says energy stocks are bottoming John Rogers - John Rogers Identifies The Best Value Stocks For 2016
Is John Rogers (Trades, Portfolio) concerned about the Fed raising interest rates? More...

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