13F-HR 1 sc13f1stqtr.txt SC13F 1ST QTR 2005 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 03/31/05 Check here if Amendment |_|; Amendment Number: This Amendment (Check only one.): |_| is a restatement. |X| adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Ariel Capital Management, LLC Address: 200 E. Randolph Drive Suite 2900 Chicago, IL 60601 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 form. Person Signing this Report on Behalf of Reporting Manager: Name: Wendy D. Fox Title: Vice President/Chief Compliance Officerl Phone: 312-726-0140 Signature, Place, and Date of Signing: /s/ Wendy D. Fox Chicago, IL May 10, 2005 ----------------------------------- ---------------- -------------------- Report Type (Check only one.): |X| 13F HOLDINGS REPORT. |_| 13F NOTICE. |_| 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 134 Form 13F Information Table Value Total: $18,806,635,000 List of Other Included Managers: 0 PORTVUE-SEC13F.LNP ARIEL CAPITAL MANAGEMENT PAGE 1 RUN DATE: 05/05/05 2:15 P.M. FORM 13F INFORMATION TABLE AS OF DATE :03/31/05

TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------- -------- --------- -------- ------- --- ---- ------- ---------- -------- -------- ------- ACCENTURE LTD. COM G1150G111 288067 11928247 SH SOLE 9861022 0 2067225 ACCENTURE LTD. COM G1150G111 4386 181600 SH OTHER 72200 0 109400 AMBAC INC COM COM 23139108 87507 1170660 SH SOLE 955780 0 214880 AMBAC INC COM COM 23139108 1181 15800 SH OTHER 6700 0 9100 AMERICAN GREETINGS CORP. COM 26375105 271746 10665088 SH SOLE 8630188 0 2034900 ANDREW CORP. COM 34425108 226871 19374138 SH SOLE 15449538 0 3924600 ANIXTER INTERNATIONAL, INC. COM 35290105 296918 8213508 SH SOLE 6443368 0 1770140 ARAMARK CORP COM 38521100 335175 12754008 SH SOLE 11674268 0 1079740 ARAMARK CORP COM 38521100 2624 99850 SH OTHER 46250 0 53600 BAXTER INTL INC COM COM 71813109 397492 11697822 SH SOLE 9631987 0 2065835 BAXTER INTL INC COM COM 71813109 6152 181040 SH OTHER 75940 0 105100 BLACK & DECKER CORP. COM 91797100 297416 3765236 SH SOLE 3255611 0 509625 BLACK & DECKER CORP. COM 91797100 3642 46110 SH OTHER 18885 0 27225 BLOCK H & R INC. COM 93671105 168253 3326480 SH SOLE 2762595 0 563885 BLOCK H & R INC. COM 93671105 2463 48700 SH OTHER 19700 0 29000 BOB EVANS FARMS, INC. COM 96761101 149389 6370552 SH SOLE 4882370 0 1488182 BRADY CORP. COM 104674106 387417 11975793 SH SOLE 9080793 0 2895000 BRADY CORP. COM 104674106 219 6770 SH OTHER 2005 0 4765 CAESARS ENTERTAINMENT CORP COM 127687101 333251 16839370 SH SOLE 13392420 0 3446950 CAESARS ENTERTAINMENT CORP COM 127687101 108 5440 SH OTHER 0 0 5440 CARNIVAL PAIRED CERTIFICATES COM 143658300 74017 1428632 SH SOLE 1217737 0 210895 CARNIVAL PAIRED CERTIFICATES COM 143658300 1109 21400 SH OTHER 8800 0 12600 CENDANT CORP. COM 151313103 198545 9666271 SH SOLE 7991616 0 1674655 CENDANT CORP. COM 151313103 2892 140800 SH OTHER 60200 0 80600 CENTURYTEL, INC. COM 156700106 208522 6349636 SH SOLE 5457131 0 892505 CENTURYTEL, INC. COM 156700106 2549 77605 SH OTHER 31780 0 45825 CERTEGY INC. COM 156880106 261704 7559333 SH SOLE 6202423 0 1356910 CERTEGY INC. COM 156880106 1418 40946 SH OTHER 18171 0 22775 CHITTENDEN CORP COM COM 170228100 119917 4599824 SH SOLE 3573581 0 1026243 CHITTENDEN CORP COM COM 170228100 69 2662 SH OTHER 0 0 2662 CLOROX CO. COM 189054109 263134 4177391 SH SOLE 3573986 0 603405 CLOROX CO. COM 189054109 3316 52650 SH OTHER 21000 0 31650 DEVRY, INC. COM 251893103 122423 6470543 SH SOLE 5229893 0 1240650 DEVRY, INC. COM 251893103 58 3080 SH OTHER 0 0 3080 DUN & BRADSTREET CORP. COM 26483E100 146407 2382545 SH SOLE 2062500 0 320045 DUN & BRADSTREET CORP. COM 26483E100 1943 31612 SH OTHER 14012 0 17600 EDWARDS A G INC COM COM 281760108 88798 1982100 SH SOLE 1982100 0 0 ENERGIZER HLDGS, INC. COM 29266R108 403955 6755105 SH SOLE 5407745 0 1347360 ENERGIZER HLDGS, INC. COM 29266R108 161 2695 SH OTHER 0 0 2695 EQUIFAX INC. COM 294429105 265440 8649070 SH SOLE 7423975 0 1225095 EQUIFAX INC. COM 294429105 3239 105535 SH OTHER 43935 0 61600 FISHER SCIENTIFIC INTL INC COM COM 338032204 351958 6183385 SH SOLE 5409079 0 774306 FISHER SCIENTIFIC INTL INC COM COM 338032204 3933 69105 SH OTHER 28661 0 40444 FRANKLIN RES INC. COM 354613101 265075 3861259 SH SOLE 3192189 0 669070 FRANKLIN RES INC. COM 354613101 4010 58410 SH OTHER 24335 0 34075 GENERAL BINDING CORP. COM 369154109 87581 4170503 SH SOLE 2652203 0 1518300 GENERAL BINDING CORP. COM 369154109 64 3050 SH OTHER 0 0 3050 GREATER BAY BANCORP COM COM 391648102 124844 5114443 SH SOLE 3945228 0 1169215 GREATER BAY BANCORP COM COM 391648102 21 840 SH OTHER 0 0 840 HARTE-HANKS INC COM COM 416196103 273288 9916101 SH SOLE 8856602 0 1059499 HARTE-HANKS INC COM COM 416196103 2445 88725 SH OTHER 38625 0 50100

PORTVUE-SEC13F.LNP ARIEL CAPITAL MANAGEMENT PAGE 2 RUN DATE: 05/05/05 2:15 P.M. FORM 13F INFORMATION TABLE AS OF DATE :03/31/0 5

TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------- -------- --------- -------- ------- --- ---- ------- ---------- -------- -------- ------- HASBRO INC. COM 418056107 321743 15733165 SH SOLE 12438650 0 3294515 HASBRO INC. COM 418056107 139 6775 SH OTHER 0 0 6775 HCC INSURANCE HOLDINGS, INC. COM 404132102 382737 10584540 SH SOLE 8370725 0 2213815 HCC INSURANCE HOLDINGS, INC. COM 404132102 123 3415 SH OTHER 0 0 3415 HORACE MANN EDUCATORS CORP. COM 440327104 182485 10286648 SH SOLE 7958283 0 2328365 IDEX CORP. COM 45167R104 423400 10493192 SH SOLE 8335241 0 2157951 IDEX CORP. COM 45167R104 157 3892 SH OTHER 0 0 3892 IMS HEALTH INC. COM 449934108 579843 23773798 SH SOLE 21047718 0 2726080 IMS HEALTH INC. COM 449934108 5868 240610 SH OTHER 100010 0 140600 INTERFACE, INC. COM 458665106 65094 9544638 SH SOLE 6763538 0 2781100 INTERFACE, INC. COM 458665106 27 3990 SH OTHER 0 0 3990 INTERPUBLIC GROUP COS INC. COM 460690100 254185 20699115 SH SOLE 17652555 0 3046560 INTERPUBLIC GROUP COS INC. COM 460690100 3287 267690 SH OTHER 109690 0 158000 INVACARE CORP. COM 461203101 330458 7404397 SH SOLE 5886810 0 1517587 INVACARE CORP. COM 461203101 59 1325 SH OTHER 1325 0 0 JANUS CAP GROUP INC COM COM 47102X105 482415 34581698 SH SOLE 28200323 0 6381375 JANUS CAP GROUP INC COM COM 47102X105 2551 182895 SH OTHER 80495 0 102400 JOHNSON CTLS INC COM COM 478366107 192328 3449205 SH SOLE 2848085 0 601120 JOHNSON CTLS INC COM COM 478366107 2900 52000 SH OTHER 20900 0 31100 JONES LANG LASALLE, INC. COM 48020Q107 369900 7929251 SH SOLE 6146881 0 1782370 JOURNAL REGISTER, CO. COM 481138105 104903 6281633 SH SOLE 4735303 0 1546330 LEE ENTERPRISES, INC. COM 523768109 350875 8084688 SH SOLE 6485478 0 1599210 LEE ENTERPRISES, INC. COM 523768109 169 3885 SH OTHER 900 0 2985 LIBBEY, INC. COM 529898108 57661 2745750 SH SOLE 1750525 0 995225 LITTELFUSE, INC. COM 537008104 72159 2518650 SH SOLE 1954950 0 563700 MARKEL CORP. COM 570535104 473134 1370570 SH SOLE 1102539 0 268031 MARKEL CORP. COM 570535104 133 384 SH OTHER 0 0 384 MATTEL INC COM 577081102 161820 7579397 SH SOLE 6497602 0 1081795 MATTEL INC COM 577081102 1751 82000 SH OTHER 27600 0 54400 MATTHEWS INTL CORP. COM 577128101 118145 3606382 SH SOLE 2684227 0 922155 MATTHEWS INTL CORP. COM 577128101 129 3950 SH OTHER 725 0 3225 MBIA, INC. COM 55262C100 378239 7234864 SH SOLE 6204880 0 1029984 MBIA, INC. COM 55262C100 4876 93262 SH OTHER 38762 0 54500 MBNA CORP. COM 55262L100 230532 9390303 SH SOLE 7826593 0 1563710 MBNA CORP. COM 55262L100 3400 138496 SH OTHER 56459 0 82037 MCCLATCHY CO. COM 579489105 227392 3066231 SH SOLE 2615016 0 451215 MCCLATCHY CO. COM 579489105 2795 37695 SH OTHER 15045 0 22650 MCCORMICK & CO INC. COM 579780206 144804 4205765 SH SOLE 3136830 0 1068935 MILLER HERMAN INC. COM 600544100 314603 10444990 SH SOLE 8389390 0 2055600 MILLER HERMAN INC. COM 600544100 56 1845 SH OTHER 1845 0 0 MOHAWK INDS INC COM COM 608190104 244056 2895085 SH SOLE 2499195 0 395890 MOHAWK INDS INC COM COM 608190104 2943 34910 SH OTHER 14310 0 20600 NEIMAN MARCUS GROUP COM 640204202 289497 3163558 SH SOLE 2474318 0 689240 NEIMAN MARCUS GROUP COM 640204202 107 1165 SH OTHER 0 0 1165 NORTHERN TRUST CORP. COM 665859104 446529 10279221 SH SOLE 8791756 0 1487465 NORTHERN TRUST CORP. COM 665859104 4959 114165 SH OTHER 54365 0 59800 OMNICARE INC COM COM 681904108 374303 10558621 SH SOLE 9607386 0 951235 OMNICARE INC COM COM 681904108 2995 84480 SH OTHER 35480 0 49000 OMNICOM GROUP INC. COM 681919106 226590 2559761 SH SOLE 2112251 0 447510 OMNICOM GROUP INC. COM 681919106 3412 38550 SH OTHER 16525 0 22025 PITNEY BOWES INC. COM 724479100 372531 8256439 SH SOLE 7050364 0 1206075

PORTVUE-SEC13F.LNP ARIEL CAPITAL MANAGEMENT PAGE 3 RUN DATE: 05/05/05 2:15 P.M. FORM 13F INFORMATION TABLE AS OF DATE :03/31/05

TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------- -------- --------- -------- ------- --- ---- ------- ---------- -------- -------- ------- PITNEY BOWES INC. COM 724479100 4843 107330 SH OTHER 43755 0 63575 RADIO ONE INC. COM 75040P405 161137 10924568 SH SOLE 8551928 0 2372640 S & T BANCORP INC COM COM 783859101 93910 2652838 SH SOLE 2100338 0 552500 SCHERING PLOUGH CORP COM COM 806605101 67278 3706800 SH SOLE 3706800 0 0 SERVICEMASTER CO. COM 81760N109 421661 31234148 SH SOLE 25001793 0 6232355 SERVICEMASTER CO. COM 81760N109 2182 161595 SH OTHER 63000 0 98595 SKY FINL GROUP INC COM COM 83080P103 132106 4925670 SH SOLE 3939145 0 986525 SKY FINL GROUP INC COM COM 83080P103 80 3000 SH OTHER 0 0 3000 SMUCKER, J.M. COMPANY COM 832696405 293161 5828259 SH SOLE 4772388 0 1055871 SOTHEBY'S HLDGS INC. COM 835898107 146891 8661021 SH SOLE 6573606 0 2087415 SOTHEBY'S HLDGS INC. COM 835898107 90 5280 SH OTHER 0 0 5280 ST PAUL TRAVELERS COM 792860108 231645 6306710 SH SOLE 5209410 0 1097300 ST PAUL TRAVELERS COM 792860108 3584 97570 SH OTHER 40070 0 57500 STEELCASE INC. COM 858155203 238049 17249960 SH SOLE 14130880 0 3119080 SUNGARD DATA SYS INC. COM 867363103 298575 8654352 SH SOLE 7544087 0 1110265 SUNGARD DATA SYS INC. COM 867363103 4201 121775 SH OTHER 63925 0 57850 SYBRON DENTAL SPECIALTIES INC. COM 871142105 196452 5472200 SH SOLE 4346430 0 1125770 SYBRON DENTAL SPECIALTIES INC. COM 871142105 81 2255 SH OTHER 0 0 2255 T ROWE PRICE GROUP INC. COM 74144T108 221636 3732497 SH SOLE 3180422 0 552075 T ROWE PRICE GROUP INC. COM 74144T108 2884 48575 SH OTHER 20125 0 28450 TD BANKNORTH INC COM COM 87235A101 134664 4310637 SH SOLE 3702997 0 607640 TD BANKNORTH INC COM COM 87235A101 1666 53335 SH OTHER 22024 0 31311 TRIBUNE CO. COM 896047107 341014 8553157 SH SOLE 7109452 0 1443705 TRIBUNE CO. COM 896047107 5088 127610 SH OTHER 54710 0 72900 VALASSIS INC. COM 918866104 356680 10202506 SH SOLE 8156691 0 2045815 VALASSIS INC. COM 918866104 170 4850 SH OTHER 1220 0 3630 WADDELL & REED FINL INC. COM 930059100 244819 12402163 SH SOLE 9816173 0 2585990 WADDELL & REED FINL INC. COM 930059100 89 4500 SH OTHER 0 0 4500 WASTE MGMT INC COM 94106L109 122563 4248283 SH SOLE 3027843 0 1220440 WASTE MGMT INC COM 94106L109 2972 103000 SH OTHER 42300 0 60700 YUM BRANDS INC. COM 988498101 313451 6050000 SH SOLE 4978240 0 1071760 YUM BRANDS INC. COM 988498101 4704 90800 SH OTHER 37300 0 53500 LINE COUNT: 134