13F-HR 1 HR13F2Q12.txt HR13F2Q12 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 6/30/2012 Check here if Amendment []; Amendment Number: ------- This Amendment (Check only one.): [] is a restatement. [] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Ariel Investments, LLC Address: 200 E. Randolph Drive Suite 2900 Chicago, IL 60601 Form 13F File Number: 28-04003 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this submission. Persons Signing this Report on Behalf of Reporting Manager: Name: Wendy D. Fox Title: Vice President/Chief Compliance Officer Phone: 312-726-0140 Signature, Place, and Date of Signing: /s/ Wendy D. Fox Chicago, IL 8/14/2012 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 125 Form 13F Information Table Value Total: $4,497,272 -------------- (In Thousands) List of Other Included Managers: No. Form 13F File Number Name

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------- -------------- --------- -------- ----------------- ---------- -------- ---------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ------ Accenture plc COMMON G1151C101 32924 547906 SH SOLE 0 522648 0 25258 AFLAC Inc. COMMON 001055102 78240 1837051 SH SOLE 0 1782046 0 55005 Albany Molecular Research, Inc. COMMON 012423109 1208 473769 SH SOLE 0 154484 0 319285 American Electric Technologies, Inc. COMMON 025576109 937 220407 SH SOLE 0 70308 0 150099 American Reprographics Co. COMMON 029263100 2758 548358 SH SOLE 0 194258 0 354100 Anixter Intl Inc. COMMON 035290105 16173 304854 SH SOLE 0 283954 0 20900 Apollo Group, Inc. COMMON 037604105 23088 637955 SH SOLE 0 602770 0 35185 Astro-Med, Inc. COMMON 04638F108 1529 192067 SH SOLE 0 61574 0 130493 AuthenTec, Inc. COMMON 052660107 891 205828 SH SOLE 0 63949 0 141879 AV Homes, Inc. COMMON 00234P102 3323 227926 SH SOLE 0 80626 0 147300 Ballantyne Strong, Inc. COMMON 058516105 3440 576267 SH SOLE 0 197746 0 378521 Bank of New York Mellon Corp. COMMON 064058100 5123 233385 SH SOLE 0 180285 0 53100 Baxter Intl Inc. COMMON 071813109 2688 50576 SH SOLE 0 40476 0 10100 Berkshire Hathaway Inc. COMMON 084670702 4656 55870 SH SOLE 0 42940 0 12930 Bio-Rad Laboratories, Inc. COMMON 090572207 98466 984562 SH SOLE 0 958087 0 26475 Blackstone Group L.P. COMMON 09253U108 40987 3135935 SH SOLE 0 3109325 0 26610 Blount Intl, Inc. COMMON 095180105 16422 1120970 SH SOLE 0 1016040 0 104930 Bob Evans Farms, Inc. COMMON 096761101 10711 266442 SH SOLE 0 243542 0 22900 Bolt Technology Corp. COMMON 097698104 1440 95904 SH SOLE 0 30646 0 65258 Brady Corp. COMMON 104674106 55540 2018894 SH SOLE 0 1956789 0 62105 Brink's Co. COMMON 109696104 14294 616651 SH SOLE 0 561941 0 54710 Callaway Golf Co. COMMON 131193104 1395 235995 SH SOLE 0 83995 0 152000 Carnival Corp. COMMON 143658300 46711 1363043 SH SOLE 0 1336740 0 26303 CBRE Group, Inc. COMMON 12504L109 81500 4981639 SH SOLE 0 4948559 0 33080 CBS Corp. COMMON 124857202 46637 1422727 SH SOLE 0 1395410 0 27317 Charles River Laboratories Intl Inc. COMMON 159864107 102452 3127355 SH SOLE 0 3047840 0 79515 Chesapeake Energy Corp. COMMON 165167107 52595 2827685 SH SOLE 0 2724280 0 103405 City National Corp. COMMON 178566105 82483 1697888 SH SOLE 0 1655072 0 42816 Contango Oil & Gas Co. COMMON 21075N204 90549 1529552 SH SOLE 0 1488617 0 40935 Cowen Group, Inc. COMMON 223622101 3040 1142815 SH SOLE 0 409415 0 733400 Crown Crafts, Inc. COMMON 228309100 2019 364440 SH SOLE 0 116940 0 247500 CSP Inc. COMMON 126389105 1017 254305 SH SOLE 0 84689 0 169616 Dell Inc. COMMON 24702R101 69800 5579565 SH SOLE 0 5363255 0 216310 DeVry Inc. COMMON 251893103 146277 4723193 SH SOLE 0 4591198 0 131995 Dun & Bradstreet Corp. COMMON 26483E100 68590 963754 SH SOLE 0 950669 0 13085 Edgewater Technology Inc. COMMON 280358102 2852 733200 SH SOLE 0 235433 0 497767 Energizer Holdings, Inc. COMMON 29266R108 3301 43868 SH SOLE 0 43223 0 645 Exxon Mobil Corp. COMMON 30231G102 7946 92860 SH SOLE 0 73360 0 19500 Fair Isaac Corp. COMMON 303250104 86699 2050590 SH SOLE 0 1986420 0 64170 First American Financial Corp. COMMON 31847R102 159144 9383485 SH SOLE 0 9152155 0 231330 Franklin Resources, Inc. COMMON 354613101 50079 451206 SH SOLE 0 442695 0 8511 Gaiam, Inc. COMMON 36268Q103 1411 361905 SH SOLE 0 127005 0 234900 Gannett Co., Inc. COMMON 364730101 178798 12138348 SH SOLE 0 11864222 0 274126 Gilead Sciences, Inc. COMMON 375558103 316 6164 SH SOLE 0 5804 0 360 Goldman, Sachs & Co. COMMON 38141G104 4161 43405 SH SOLE 0 34305 0 9100 HCC Insurance Holdings, Inc. COMMON 404132102 10784 343431 SH SOLE 0 310839 0 32592 Heelys, Inc. COMMON 42279M107 1291 675755 SH SOLE 0 213155 0 462600 Horace Mann Educators Corp. COMMON 440327104 9808 561109 SH SOLE 0 505739 0 55370 Hospira, Inc. COMMON 441060100 90124 2576445 SH SOLE 0 2533230 0 43215 IDEX Corp. COMMON 45167R104 60570 1553863 SH SOLE 0 1497440 0 56423 Illinois Tool Works Inc. COMMON 452308109 27311 516382 SH SOLE 0 505592 0 10790 Imation Corp. COMMON 45245A107 3163 535215 SH SOLE 0 189975 0 345240 Interface, Inc. COMMON 458665304 62072 4554075 SH SOLE 0 4405290 0 148785 International Business Machines Corp. COMMON 459200101 5709 29192 SH SOLE 0 23092 0 6100 International Game Technology COMMON 459902102 125887 7992815 SH SOLE 0 7930180 0 62635 International Speedway Corp. COMMON 460335201 56997 2177135 SH SOLE 0 2106935 0 70200 Interpublic Group of Cos., Inc. COMMON 460690100 156405 14415166 SH SOLE 0 14049589 0 365577 J.M. Smucker Co. COMMON 832696405 65502 867345 SH SOLE 0 858170 0 9175 JAKKS Pacific, Inc. COMMON 47012E106 1435 89660 SH SOLE 0 31260 0 58400 Janus Capital Group Inc. COMMON 47102X105 163740 20938678 SH SOLE 0 20447743 0 490935

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------- -------------- --------- -------- ----------------- ---------- -------- ---------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ------ Johnson & Johnson COMMON 478160104 6983 103361 SH SOLE 0 83561 0 19800 Jones Lang LaSalle Inc. COMMON 48020Q107 147949 2102440 SH SOLE 0 2046719 0 55721 JPMorgan Chase & Co. COMMON 46625H100 5202 145596 SH SOLE 0 115996 0 29600 KKR & Co. L.P. COMMON 48248M102 95844 7435560 SH SOLE 0 7409910 0 25650 Landec Corp. COMMON 514766104 3246 379170 SH SOLE 0 133570 0 245600 Lazard Ltd COMMON G54050102 171770 6609084 SH SOLE 0 6483289 0 125795 Littelfuse, Inc. COMMON 537008104 55447 974644 SH SOLE 0 933994 0 40650 Lockheed Martin Corp. COMMON 539830109 7086 81370 SH SOLE 0 64470 0 16900 Madison Square Garden Co. COMMON 55826P100 98698 2636166 SH SOLE 0 2563236 0 72930 Markel Corp. COMMON 570535104 7990 18090 SH SOLE 0 16416 0 1674 Market Leader, Inc. COMMON 57056R103 6476 1274805 SH SOLE 0 452934 0 821871 Matthews Intl Corp. COMMON 577128101 12605 387958 SH SOLE 0 351933 0 36025 McCormick & Co., Inc. COMMON 579780206 18862 310995 SH SOLE 0 310995 0 0 Meredith Corp. COMMON 589433101 63729 1995282 SH SOLE 0 1933347 0 61935 Microsoft Corp. COMMON 594918104 10233 334505 SH SOLE 0 267161 0 67344 Middleby Corp. COMMON 596278101 10570 106112 SH SOLE 0 97137 0 8975 Mitcham Industries, Inc. COMMON 606501104 16350 963491 SH SOLE 0 712169 0 251322 Mohawk Industries, Inc. COMMON 608190104 124567 1783867 SH SOLE 0 1738037 0 45830 Morgan Stanley COMMON 617446448 6976 478160 SH SOLE 0 380560 0 97600 Multi-Fineline Electronix, Inc. COMMON 62541B101 1883 76420 SH SOLE 0 27520 0 48900 Myrexis, Inc. COMMON 62856H107 1018 389900 SH SOLE 0 139496 0 250404 Newell Rubbermaid Inc. COMMON 651229106 74151 4087708 SH SOLE 0 4059473 0 28235 Nokia Corp. ADR ADR 654902204 317 153373 SH SOLE 0 104942 0 48431 Nordstrom, Inc. COMMON 655664100 49476 995700 SH SOLE 0 984915 0 10785 Northern Trust Corp. COMMON 665859104 78971 1716020 SH SOLE 0 1689965 0 26055 NVIDIA Corp. COMMON 67066G104 247 17843 SH SOLE 0 17384 0 459 Omnicom Group Inc. COMMON 681919106 36260 746092 SH SOLE 0 706701 0 39391 ORBCOMM Inc. COMMON 68555P100 1623 497826 SH SOLE 0 160326 0 337500 Orion Energy Systems, Inc. COMMON 686275108 3253 1478467 SH SOLE 0 522919 0 955548 PCTEL, Inc. COMMON 69325Q105 3846 594392 SH SOLE 0 213792 0 380600 Perceptron, Inc. COMMON 71361F100 3210 583607 SH SOLE 0 187203 0 396404 Pervasive Software Inc. COMMON 715710109 6482 866065 SH SOLE 0 304209 0 561856 PrivateBancorp, Inc. COMMON 742962103 11435 774753 SH SOLE 0 706553 0 68200 QLogic Corp. COMMON 747277101 154 11284 SH SOLE 0 10604 0 680 Quest Diagnostics Inc. COMMON 74834L100 321 5359 SH SOLE 0 5109 0 250 Red Lion Hotels Corp. COMMON 756764106 1974 228240 SH SOLE 0 74347 0 153893 Rentech, Inc. COMMON 760112102 2494 1210515 SH SOLE 0 429556 0 780959 Rosetta Stone Inc. COMMON 777780107 1892 136688 SH SOLE 0 48488 0 88200 Royal Caribbean Cruises Ltd. COMMON V7780T103 59639 2291166 SH SOLE 0 2285311 0 5855 Ryanair Holdings plc ADR ADR 783513104 477 15706 SH SOLE 0 11046 0 4660 Shoe Carnival, Inc. COMMON 824889109 1282 59652 SH SOLE 0 20952 0 38700 Sigma Designs, Inc. COMMON 826565103 1845 289155 SH SOLE 0 102555 0 186600 Simpson Manufacturing Co., Inc. COMMON 829073105 65825 2230608 SH SOLE 0 2165973 0 64635 Snap-On Inc. COMMON 833034101 59313 952815 SH SOLE 0 924265 0 28550 Sotheby's COMMON 835898107 68767 2061346 SH SOLE 0 2001766 0 59580 St. Jude Medical, Inc. COMMON 790849103 58636 1469205 SH SOLE 0 1442070 0 27135 Stanley Black & Decker, Inc. COMMON 854502101 49998 776852 SH SOLE 0 768528 0 8324 Symmetry Medical Inc. COMMON 871546206 45843 5342955 SH SOLE 0 5045755 0 297200 T. Rowe Price Group, Inc. COMMON 74144T108 21061 334520 SH SOLE 0 328611 0 5909 Target Corp. COMMON 87612E106 8683 149220 SH SOLE 0 118620 0 30600 Team, Inc. COMMON 878155100 33502 1074482 SH SOLE 0 906477 0 168005 Tecumseh Products Co. COMMON 878895200 233 46210 SH SOLE 0 11610 0 34600 Thermo Fisher Scientific Inc. COMMON 883556102 61519 1185108 SH SOLE 0 1163832 0 21276 Tiffany & Co. COMMON 886547108 17013 321300 SH SOLE 0 312550 0 8750 Toyota Motor Corp. ADR ADR 892331307 237 2950 SH SOLE 0 1706 0 1244 Versar Inc. COMMON 925297103 2371 787721 SH SOLE 0 261286 0 526435 Viacom, Inc. COMMON 92553P201 54924 1168090 SH SOLE 0 1146605 0 21485 Vical Inc. COMMON 925602104 3428 952193 SH SOLE 0 338593 0 613600 Walgreen Co. COMMON 931422109 7723 261085 SH SOLE 0 207785 0 53300 Walt Disney Co. COMMON 254687106 3623 74705 SH SOLE 0 59505 0 15200

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------- -------------- --------- -------- ----------------- ---------- -------- ---------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ------ Washington Post Co. COMMON 939640108 38520 103044 SH SOLE 0 102829 0 215 Western Union Co. COMMON 959802109 17774 1055445 SH SOLE 0 1022480 0 32965 WMS Industries Inc. COMMON 929297109 7058 353805 SH SOLE 0 353805 0 0 XO Group Inc. COMMON 983772104 2667 300670 SH SOLE 0 107070 0 193600 Zimmer Holdings, Inc. COMMON 98956P102 110309 1713941 SH SOLE 0 1673691 0 40250