Ariel Investments Focus Fund’s Q2 2025 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Focus Fund” second-quarter investor letter.  The second quarter of 2025 saw a period of extremes. Despite an initial market sell-off caused by the “Liberation Day” tariff announcement, the stock market recovered, supported by renewed interest in AI-related stocks, strong economic data, and solid corporate earnings. In the environment, the fund returned +4.75%, outperforming the Russell 1000 Value Index’s +3.79% gain but lagging behind the S&P 500 Index’s +10.94% return. In addition, please check the fund’s top five holdings to know its best picks in 2025.

A copy of Ariel Investments Focus Fund’s Q2 2025 investor letter can be downloaded here.