John Rogers

Last Update: 04-08-2016

Number of Stocks: 196
Number of New Stocks: 12

Total Value: $8,341 Mil
Q/Q Turnover: 4%

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 Brady Corp Guru stock highlight
Some of our holdings had strong returns for the quarter. Identification solutions specialist Brady Corp. (NYSE:BRC) surged +17.87% after a very strong earnings report. The company posted earnings per share of $ 0.30, well above the $0.23 consensus. Revenues were up slightly before currency effects, with operating margins improving a great deal. Moreover, management increased earnings guidance by roughly 10%. The company continues to focus on its growing circle of competence, a strategy we applaud. Read more...
John Rogers Comments on Mattel Inc. Guru stock highlight
In addition, toymaker Mattel, Inc. (NASDAQ:MAT) jumped +25.27% on news of its merger discussions with Hasbro, Inc. (NASDAQ:HAS). Nothing has happened to date, and nothing may happen. We find the news encouraging because it shows strategic flexibility. We think the company will thrive with or without a merger, and that it can continue to adapt as the digital entertainment world grows. Read more...
John Rogers Comments on JLL Guru stock highlight
Other holdings slid in the short term. Real estate expert JLL (NYSE:JLL) drifted -26.61% after a soft earnings report. The company reported adjusted earnings per share of $4.53, below the consensus estimate of $4.78. Currency had the biggest negative impact, although revenues were soft even though they were up year-over-year. Management delivered a steady outlook and said leasing volumes are improving. We are quite content to own this powerhouse through the ups and downs of the business cycle. Read more...
John Rogers Comments on Bristow Group Inc. Guru stock highlight
Also, helicopter operator Bristow Group Inc. (NYSE:BRS) fell -26.60% on two pieces of news: a helicopter crash and a dividend cut. Helicopter crashes are quite rare and very unfortunate, but they do occur. Turning to the dividend cut, some saw it as cause for worry, but we thought it represented prudent balance sheet management. Wall Street fears that oil companies will not only cut exploration but also production—which would hurt Bristow. While exploration cuts are realistic possibilities; we think production cuts are quite unlikely. The stock’s volatility has created buying opportunities. Read more...
John Rogers Comments on ORBCOMM Inc. Guru stock highlight
Machine-to-machine communications company ORBCOMM, Inc. (NASDAQ:ORBC) continued the nice run it began in late 2015, rising +39.92%. There was not much news in 2016, but as we mentioned in late 2015, the unfolding story was only starting to take hold and should have long legs in our view. With its full satellite “constellation” launched and operational, the company’s once-considerable capital expenditures will dwindle and profits can now fall to the bottom line. We have been selling into strength but still own the stock. Read more...
» More John Rogers Articles

Commentaries and Stories

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John Rogers Comments on STRATTEC Security Corp Guru stock highlight
STRATTEC Security Corp. (NASDAQ:STRT) designs, manufactures and sells automotive access control products. It has a clean balance sheet and trades near tangible book value. Additionally, advancement in automated cars should provide a tailwind, driving demand for STRATTEC products. Lastly, West Marine, Inc. (WMAR) operates retail stores for boating supplies and accessories. The company trades at a sizable discount to book value despite being profitable, and has a clean balance sheet with no debt and excess cash. West Marine is positioned to take advantage of an ongoing recovery in the boating industry. More...

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Rating: 5.0/5 (1 vote)

John Rogers Comments on Real Industry Inc. Guru stock highlight
Real Industry Inc. (NASDAQ:RELY) is a holding company based in Southern California backed by notable investors, including Sam Zell. With over $800 million in federal net operating losses (NOLs), management plans to acquire cash generating, stand-alone businesses that can utilize the NOL asset. Its first major purchase was Real Alloy, an aluminum recycling company. We believe the value of Real Alloy alone is more than the current market capitalization of Real Industry. More...

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John Rogers Comments on Rentech Inc. Guru stock highlight
Also, clean energy solutions provider Rentech, Inc. (NASDAQ:RTK) dropped -36.93% amidst disappointing short-term earnings. Specifically, the company posted a loss of $0.48 after analysts predicted a loss of $0.08. As long-term owners of the stock, we know the business can be relatively lumpy and are comfortable with it. We continue to believe the market misunderstands the company, it structure and its promise. More...

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John Rogers Comments on Century Casinos Inc. Guru stock highlight
Other holdings slid in the short term. Gaming firm Century Casinos, Inc. (NASDAQ:CNTY) slid -20.82% after a weak earnings report. Specifically, the company reported $0.03 in earnings per share, missing consensus estimates of $0.11—largely due to soft revenues. We continue to think the stock trades at a deep discount to its intrinsic worth and believe its long-term trajectory will surpass Wall Street expectations. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

John Rogers Comments on Contango Oil & Gas Co. Guru stock highlight
In addition, natural resources exploration and production company Contango Oil & Gas Co. (MCF) gained +83.93% as the price of oil recovered during the quarter. There was no other significant news beyond oil’s rebound—which was good news enough for Contango. Crude oil started 2016 at close to $37 per barrel, sank to a low of $26 in mid-February, then marched back above $40 before settling back a bit. Although the commodity essentially was flat, the rebound showed its year-and-a-half long slide has perhaps found a floor. We continue to think Contango has unrecognized value. More...

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Rating: 0.0/5 (0 votes)

John Rogers Comments on ORBCOMM Inc. Guru stock highlight
Machine-to-machine communications company ORBCOMM, Inc. (NASDAQ:ORBC) continued the nice run it began in late 2015, rising +39.92%. There was not much news in 2016, but as we mentioned in late 2015, the unfolding story was only starting to take hold and should have long legs in our view. With its full satellite “constellation” launched and operational, the company’s once-considerable capital expenditures will dwindle and profits can now fall to the bottom line. We have been selling into strength but still own the stock. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

John Rogers' 1st Quarter 2016 Ariel Discovery Fund Commentary Review of economy and holdings John Rogers - John Rogers' 1st Quarter 2016 Ariel Discovery Fund Commentary
The first quarter of 2016 was flat in some places and down slightly in others, but we doubt most investors remember it that way. The carnage in January was harsh, and daily volatility has been high, so many likely think of it as a rough three months. Yet the last half of the quarter largely recouped the losses from the first half. Among the three broad indexes tracking our asset classes, one was up a small amount and the other two were down. U.S. large caps were up a small amount. On the other hand, domestic small caps slipped a bit and foreign stocks were down. When U.S. large caps are up while U.S. small caps and foreign stocks retreat, we generally think it says more about sentiment than economics. That is, U.S. large caps are seen as providing stability whereas small caps and foreign stocks are seen as more risky. The discrepancy between domestic value and growth indexes says the same. That is, growth indexes from the large-, mid-, and small- cap universe ranged from less than +1% up to down nearly -5%, while the value counterparts were up more than +1% to +4%. For more than a year investor sentiment has gone up and down without a strong trend. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

John Rogers Comments on Bristow Group Inc. Guru stock highlight
Also, helicopter operator Bristow Group Inc. (NYSE:BRS) fell -26.60% on two pieces of news: a helicopter crash and a dividend cut. Helicopter crashes are quite rare and very unfortunate, but they do occur. Turning to the dividend cut, some saw it as cause for worry, but we thought it represented prudent balance sheet management. Wall Street fears that oil companies will not only cut exploration but also production—which would hurt Bristow. While exploration cuts are realistic possibilities; we think production cuts are quite unlikely. The stock’s volatility has created buying opportunities. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

John Rogers Comments on JLL Guru stock highlight
Other holdings slid in the short term. Real estate expert JLL (NYSE:JLL) drifted -26.61% after a soft earnings report. The company reported adjusted earnings per share of $4.53, below the consensus estimate of $4.78. Currency had the biggest negative impact, although revenues were soft even though they were up year-over-year. Management delivered a steady outlook and said leasing volumes are improving. We are quite content to own this powerhouse through the ups and downs of the business cycle. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

John Rogers Comments on Mattel Inc. Guru stock highlight
In addition, toymaker Mattel, Inc. (NASDAQ:MAT) jumped +25.27% on news of its merger discussions with Hasbro, Inc. (NASDAQ:HAS). Nothing has happened to date, and nothing may happen. We find the news encouraging because it shows strategic flexibility. We think the company will thrive with or without a merger, and that it can continue to adapt as the digital entertainment world grows. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

John Rogers Comments on Brady Corp Guru stock highlight
Some of our holdings had strong returns for the quarter. Identification solutions specialist Brady Corp. (NYSE:BRC) surged +17.87% after a very strong earnings report. The company posted earnings per share of $ 0.30, well above the $0.23 consensus. Revenues were up slightly before currency effects, with operating margins improving a great deal. Moreover, management increased earnings guidance by roughly 10%. The company continues to focus on its growing circle of competence, a strategy we applaud. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

John Rogers' 1st Quarter 2016 Ariel Fund Commentary A review of the economy and stock holdings John Rogers - John Rogers' 1st Quarter 2016 Ariel Fund Commentary
The first quarter of 2016 was flat in some places and down slightly in others, but we doubt most investors remember it that way. The carnage in January was harsh, and daily volatility has been high, so many likely think of it as a rough three months. Yet the last half of the quarter largely recouped the losses from the first half. Among the three broad indexes tracking our asset classes, one was up a small amount and the other two were down. U.S. large caps were up a small amount. On the other hand, domestic small caps slipped a bit and foreign stocks were down. When U.S. large caps are up while U.S. small caps and foreign stocks retreat, we generally think it says more about sentiment than economics. That is, U.S. large caps are seen as providing stability whereas small caps and foreign stocks are seen as more risky. The discrepancy between domestic value and growth indexes says the same. That is, growth indexes from the large-, mid-, and small- cap universe ranged from less than +1% up to down nearly -5%, while the value counterparts were up more than +1% to +4%. For more than a year investor sentiment has gone up and down without a strong trend. More...

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Rating: 0.0/5 (0 votes)

Ariel Investments Discusses Banks Banks getting to end of fines John Rogers - Ariel Investments Discusses Banks
Charles Bobrinskoy of Ariel Investments likes banks because they seem inexpensive and had only short-term problems. He thinks Citigroup (NYSE:C) is too difficult to analyze, but JPMorgan (NYSE:JPM) is attractive. More...

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Rating: 5.0/5 (1 vote)

John Rogers' Ariel Investments March Commentary Rogers talks about rallying utilities stocks John Rogers - John Rogers' Ariel Investments March Commentary
As we examined the results of our three traditional value mutual funds this quarter, there was one common detrimental thread— the lack of utilities stocks. The sector has been on a tear, meaning that our avoidance of the area hurt short-term returns broadly. This commentary will address the performance issue, explain why people seem to gravitate toward this sector, and why we generally avoid utilities companies. More...

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John Rogers Ups Stake in Anixter International Guru finds hidden value in company that distributes communications and electrical wire John Rogers - John Rogers Ups Stake In Anixter International
Guru John Rogers (Trades, Portfolio) got into investing in middle school. When Rogers was just 12 years old, his father began to purchase securities for his son's Christmas and birthday presents. This is when Rogers began to gain an interest in reading about the stock market. Rogers attended Princeton University where he majored in economics, and he continued his ambitious approach to learning after his graduation. More...

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John Rogers Invests in Bristow Group, Kindred Biosciences Guru boosts Bristow stake by 24% John Rogers - John Rogers Invests In Bristow Group, Kindred Biosciences
John Rogers (Trades, Portfolio), founder of Ariel Investment LLC, added to two stakes in his portfolio – Bristow Group Inc. (NYSE:BRS) and Kindred Biosciences Inc. (NASDAQ:KIN) – on March 31. More...

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John Rogers' Recent Trades Guru raises some of his stakes with easy impacts on the portfolio John Rogers,Chuck Royce,Ken Fisher,Jim Simons,Thir - John Rogers' Recent Trades
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. The following are his first trades during the first quarter: More...

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Low PS Stocks That Are Still Expensive A low PS ratio doesn't mean the stock is always a bargain John Rogers, Jeremy Grantham, Steven Cohen - Low PS Stocks That Are Still Expensive
According to GuruFocus' All-in-One Screener, the following are companies with a market cap above $5 billion that are trading with a very low P/S ratio. More...

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John Rogers Adds to Stake in Cowen Group Guru may be betting on company's research acumen John Rogers - John Rogers Adds To Stake In Cowen Group
John Rogers (Trades, Portfolio) began his passion for investing at the ripe age of 12, when his father began buying him securities for Christmas and his birthday. As Rogers grew older, his passion for investing grew with him. Rogers attended Princeton University, where he majored in economics, and his thirst for learning about equities continued to grow. He then founded Ariel Investments in 1983. More...

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Stocks Fall to 5-Year Lows Rosetta Stone, Aegerion Pharmaceuticals, JMP Group, Five Star Quality Care tumble John Rogers,Arnold Schneider - Stocks Fall To 5-Year Lows
According to GuruFocus, these guru stocks have reached their five-year lows: Rosetta Stone Inc. (NYSE:RST), Aegerion Pharmaceuticals Inc. (NASDAQ:AEGR), JMP Group LLC (NYSE:JMP) and Five Star Quality Care Inc. (NYSE:FVE). More...

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