Long6361.TSep 2026
Ebara Corporation
Ariel bought back Ebara because its important semiconductor equipment business is obscured within a wider industrial portfolio. Ebara is the second-largest maker of chemical…
Ariel Global Fund
Global, non-consensus fundamental value investing in durable companies whose share prices do not reflect intrinsic value.14 published ideas
Ariel Global Fund is managed by Ariel Investments LLC and invests across U.S. and international equity markets. It targets out-of-favor or misunderstood franchises with strong competitive positions and underappreciated earnings power. The fund looks for opportunities created by dispersion between market prices and long-term fundamental value.
Ideas from Ariel Global Fund
LongDTSep 2026
Dynatrace, Inc.
Ariel sees Dynatrace as a mission-critical software provider positioned for the increasing complexity of AI-enabled enterprise IT systems. Quarterly revenue, earnings and annual…
Long7832.TSep 2026
Bandai Namco Holdings, Inc.
Ariel believes Bandai Namco's intellectual-property-led earnings recovery is still in its early stages. Strong toys, collectibles and trading card sales, especially the Gundam…
Long3759.HKSep 2026
Pharmaron Beijing Co., Ltd.
Ariel expects Pharmaron to benefit from a broadening recovery in pharmaceutical outsourcing. Results exceeded expectations and management raised its full-year revenue outlook…
Long600563.SSSep 2026
Xiamen Faratronic Co., Ltd.
Ariel views the share-price decline at film-capacitor maker Xiamen Faratronic as a cyclical rather than structural setback. Customer price negotiations and caution toward the…
LongIFX.DESep 2026
Infineon Technologies AG
Ariel argues that Infineon's decline after weaker margin guidance has not changed the long-term business thesis. The company remains a leader in power semiconductors. Growing AI…
LongFSLRSep 2026
First Solar, Inc.
Ariel believes the market undervalues First Solar by treating it simply as a rate-sensitive renewable energy company. The business delivered stronger margins and earnings while…
LongAKZA.ASSep 2026
Akzo Nobel N.V.
Ariel initiated Akzo Nobel ahead of its Axalta merger because investor skepticism appears excessive. The combined coatings business could reduce overlapping costs, improve…
Long6301.TSep 2026
Komatsu Ltd.
Ariel initiated Komatsu to capture a sustained mining capital-spending upcycle. High gold and copper prices and a pipeline of new copper projects should drive multi-year demand…
LongNWGSep 2026
NatWest Group plc
Ariel bought NatWest for improving earnings drivers independent of the broader interest-rate cycle. The structural hedge supports net interest income by reinvesting maturing…
LongQCOMSep 2026
QUALCOMM Incorporated
Ariel added Qualcomm believing its growth opportunities extend beyond its historically important smartphone licensing and chips. Expansion into automotive, edge computing and…
LongRKT.LSep 2026
Reckitt Benckiser Group plc
Ariel reestablished Reckitt at what it considers an unjustified discount to consumer staples peers. Nearly half of its core revenue comes from faster-growing emerging markets…
LongSTAN.LSep 2026
Standard Chartered PLC
Ariel sees Standard Chartered as a distinctive link between fast-growing emerging economies and global capital markets. Its network drives cross-border transaction banking, trade…
LongUPSSep 2026
United Parcel Service, Inc.
Ariel bought UPS after prolonged underperformance produced an unusually wide valuation discount to industry peers. The company deliberately reduced low-margin Amazon volume and…
Letters covered
- Ariel Global Fund - Q3 2026 Quarterly CommentarySeptember 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.