# EDGAR Filing Document

**Accession Number:** 0000798365
**File Stem:** 0002066578-25-001085
**Filing Date:** 2025-11
**Character Count:** 16422
**Document Hash:** a6a1e89fadecaa7a33760e45c21a34e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-001085.hdr.sgml**: 20251117

**ACCESSION NUMBER**: 0002066578-25-001085

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251117

**DATE AS OF CHANGE**: 20251117

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ARIEL INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000798365

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04786
- **FILM NUMBER:** 251490900

**BUSINESS ADDRESS:**
- **STREET 1:** 200 EAST RANDOLPH STREET
- **STREET 2:** SUITE 2900
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601
- **BUSINESS PHONE:** 312-581-6750

**MAIL ADDRESS:**
- **STREET 1:** 200 EAST RANDOLPH STREET
- **STREET 2:** SUITE 2900
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ARIEL GROWTH FUND
- **DATE OF NAME CHANGE:** 19931130

## Series and Classes Contracts Data

### Ariel Fund (Series ID: S000005024)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000013706 | Investor Class      | ARGFX           |
| C000108536 | Institutional Class | ARAIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Ariel Investment Trust

- **b. Investment Company Act file number:** 811-04786

- **c. CIK number of Registrant:** 0000798365

- **d. LEI of Registrant:** 549300CVWGJ8PC4QGT42

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 200 East Randolph Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60601

  - **Telephone number:** 800-292-7435

**Item A.2. Information about the Series.**

- **a. Name of Series:** Ariel Fund

- **b. EDGAR series identifier (if any):** S000005024

- **c. LEI of Series:** 549300LWRXG3MUJT5B68

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $2586295766.78

**Total Liabilities:** $573232.23

**Net Assets:** $2585722534.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013706 | 4.09%                | 6.29%                | 1.59%                |
| Class ID C000108536 | 4.12%                | 6.31%                | 1.62%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9695615.90              | $89036989.25                               |
| Month 2  | $10042047.44             | $142813973.22                              |
| Month 3  | $30416382.22             | $11130404.29                               |

### Schedule of Portfolio Investments

| Name                                           | Title                                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Generac Holdings Inc.                          | Generac Holdings Inc. COM USD0.01                              | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |    425087 | NS      | $71159563.80  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corporation           | First American Financial Corporation COM USD0.00001            | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |    727024 | NS      | $46704021.76  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| GCM Grosvenor Inc                              | GCM Grosvenor Inc COM CL A                                     | CUSIP: 36831E108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2070647 | NS      | $24992709.29  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Laboratories Inc                          | Core Laboratories Inc COM                                      | CUSIP: 21867A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   6518877 | NS      | $80573319.72  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                   | Northern Institutional Funds TREAS PRT PRMR                    | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |  29638006 | NS      | $29638005.57  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Inc                                     | Lazard Inc COM                                                 | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |   1791580 | NS      | $94559592.40  | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Incorporated                | Jones Lang LaSalle Incorporated COM USD0.01                    | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |    291975 | NS      | $87090303.00  | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories, Inc.                     | Bio-Rad Laboratories, Inc. CLASS'A'COM USD0.0001               | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |    346997 | NS      | $97294488.83  | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corp                             | BOK Financial Corp COM USD0.00006                              | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |    504588 | NS      | $56231286.72  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corporation                        | Boyd Gaming Corporation COM USD0.01                            | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |   1232179 | NS      | $106521874.55 | 4.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.                | Affiliated Managers Group, Inc. COM USD0.01                    | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |    448964 | NS      | $107046486.52 | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International, Inc. | Charles River Laboratories International, Inc. COM STK USD0.01 | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |    559930 | NS      | $87606647.80  | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                    | Gentex Corp COM USD0.06                                        | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |   2274787 | NS      | $64376472.10  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel, Inc.                                   | Mattel, Inc. COM USD1.00                                       | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |   5445793 | NS      | $91652696.19  | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries, Inc.                        | Mohawk Industries, Inc. COM USD0.01                            | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |    761877 | NS      | $98221182.84  | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corporation                     | Northern Trust Corporation COM USD1.666                        | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |    515246 | NS      | $69352111.60  | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| The J M Smucker Company                        | The J M Smucker Company COM NPV                                | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |    699571 | NS      | $75973410.60  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corporation                 | Zebra Technologies Corporation 'A'COM USD0.01                  | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |    158130 | NS      | $46989910.80  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Manchester United PLC                          | Manchester United PLC COM USD0.0005 CL 'A'                     | CUSIP: G5784H106<br>LEI: 529900GWGZPE83MJOV59 | Long             | EC               | CORP              | KY        |   3811330 | NS      | $57703536.20  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp.                                 | Middleby Corp. COM USD0.01                                     | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |    303558 | NS      | $40351964.94  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc               | Prestige Consumer Healthcare Inc COM USD0.01                   | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1075010 | NS      | $67080624.00  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports Corp.             | Madison Square Garden Sports Corp. COM USD0.01 CLASS A         | CUSIP: 55825T103<br>LEI: 529900BQELIZ5ZQYB788 | Long             | EC               | CORP              | US        |    196896 | NS      | $44695392.00  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| OneSpaWorld Holdings Ltd.                      | OneSpaWorld Holdings Ltd. COM USD0.0001                        | CUSIP: P73684113<br>LEI: 5493007W8PZ8W6UC2X76 | Long             | EC               | CORP              | BS        |   2806856 | NS      | $59336935.84  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Sphere Entertainment Co.                       | Sphere Entertainment Co. CL A                                  | CUSIP: 55826T102<br>LEI: 254900ZW4JWKYRZZ9A91 | Long             | EC               | CORP              | US        |   2426809 | NS      | $150753375.08 | 5.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Leslie's Inc.                                  | Leslie's Inc. COM                                              | CUSIP: 527064208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2240815 | NS      | $12324480.03  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc                              | Carlyle Group Inc COM                                          | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |   1833226 | NS      | $114943270.20 | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Entertainment Corp New   | Madison Square Garden Entertainment Corp New COM CL A          | CUSIP: 558256103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3185763 | NS      | $144123918.12 | 5.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Skydance Corp.                       | Paramount Skydance Corp. COM CL B                              | CUSIP: 69932A204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1374773 | NS      | $26010705.16  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Limited                 | Axalta Coating Systems Limited COM USD1.00                     | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |   1659927 | NS      | $47507110.74  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corporation                   | Envista Holdings Corporation COM USD0.01                       | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |   5084223 | NS      | $103565622.51 | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                      | Janus Henderson Group PLC ORD USD1.50                          | CUSIP: G4474Y214<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | JE        |   1135129 | NS      | $50524591.79  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT Inc                                        | ADT Inc COM USD0.01                                            | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   7952398 | NS      | $69265386.58  | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd             | Norwegian Cruise Line Holdings Ltd COM USD0.001                | CUSIP: G66721104<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |   2931125 | NS      | $72193608.75  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education Inc                   | Adtalem Global Education Inc COM USD0.01                       | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |    721253 | NS      | $111397525.85 | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                       | Resideo Technologies Inc COM USD0.001                          | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |   1789509 | NS      | $77270998.62  | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-31

**Name of Applicant:** Ariel Investment Trust

**Signature:** Adam J. Nelson

**Name of Signer:** Adam J. Nelson

**Title:** Treasurer