John W. Rogers Jr. acquired 1.38M Northern Trust shares worth $178M. That's 1.84% of their equity portfolio (22nd largest holding). The first Northern Trust trade was made in Q1 2013. Since then John W. Rogers Jr. bought shares 24 more times and sold shares on 25 occasions. The stake costed the investor $96.3M, netting the investor a gain of 85% so far.
Ariel Investments, an investment management company, released its ¡°Ariel Appreciation Fund¡± second-quarter 2023 investor letter. A copy of the same can be do...