Some stocks in the portfolio performed quite well. Zebra Technologies Corp. (NASDAQ:ZBRA)—a leading global supplier of solutions to help companies track physical assets and make smarter decisions—gained +10.16% during the period, driven predominantly by strong earnings. We believe the company's brand strength, distribution network and resources devoted to innovation enable it to gain market share, earn industry-leading profitability, and penetrate new growth markets. We view the company as an industry leader with a strong management team, well -positioned to benefit from secular global demand for asset tracking solutions, especially in developing economies.
- From John Rogers (Trades, Portfolio)' Ariel Fund second quarter 2015 shareholder letter.
