LongAPASep 2026
APA Corporation
APA benefited from higher oil prices, strong cash flow and production volumes above guidance. Management lifted U.S. oil expectations without raising planned capital expenditure…
Ariel Investments, LLC — Ariel Focused Value Composite
Concentrated, fundamental U.S. value equity portfolio investing in underappreciated businesses with strong cash generation and attractive long-term earnings power.7 published ideas
Ariel Focused Value holds a concentrated portfolio of companies it believes are mispriced relative to their fundamental worth. Its September 2026 letter discusses opportunities created by uneven market leadership, emphasizing operating discipline, balance sheets and patient capital allocation.
Ideas from Ariel Investments, LLC — Ariel Focused Value Composite
LongCVXSep 2026
Chevron Corporation
Chevron posted stronger earnings and cash generation as crude prices and refining margins improved. Contributions from Hess, the Permian and the Gulf of America drove record U.S…
LongFDSSep 2026
FactSet Research Systems Inc.
FactSet reported an earnings beat supported by durable subscriptions and strong client retention. Better selling execution and adoption of AI-enabled products are expanding…
LongPHINSep 2026
PHINIA Inc.
PHINIA shares lagged following mixed earnings: revenue and cash flow were resilient but margins disappointed. Higher compensation costs, adverse product mix and nonrecurring…
LongBYDSep 2026
Boyd Gaming Corporation
Boyd Gaming underperformed as Las Vegas tourism softened and Suncoast construction work disrupted occupancy and room pricing. Ariel sees those issues as overshadowing healthy…
LongXRAYSep 2026
Dentsply Sirona Inc.
Dentsply Sirona shares weakened as demand slowed for implants, orthodontics and dental equipment. Cautious near-term guidance and questions about how much earnings benefited from…
LongADIGSep 2026
ADI Global Distribution, Inc.
Ariel acquired ADI through the Resideo spin-off, attracted to its scale leadership in a fragmented distribution market. Products span security, residential audiovisual and…
Letters covered
- Ariel Focused Value Quarterly Commentary — Q3 2026September 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.