Ariel Focus Fund jumped +7.30% in the quarter, ahead of both the Russell 1000 Value and the S&P 500's +2.10% and -4.33%, respective returns.
APA Corporation was the top contributor during the quarter.
SLB Limited advanced during the quarter as investors grew more confident.
Oracle Corporation underperformed during the quarter.
Ariel Focus Fund initiated a position in FactSet Research Systems.
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U.S. equities experienced a volatile, risk off start with major indices declining and briefly entering correction territory amid a sharp March selloff. The S&P 500 posted its worst quarterly return since the third quarter of 2022, driven by
