13F-HR 1 hr13f3q08.txt HR 13F 09/30/2008 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 09/30/08 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 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 Officer Phone: 312-726-0140 Signature, Place, and Date of Signing: /s/ Wendy D. Fox Chicago, IL November 14, 2008 ----------------------------------- ---------------- -------------------- Report Type (Check only one.): | | 13F HOLDINGS REPORT. |_| 13F NOTICE. |X| 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Form 13F File Number Name 28-06386 GW Capital Management, LLC FORM 13F SUMMARY PAGE AS OF DATE:9/30/2008 REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 3 FORM 13F INFORMATION TABLE ENTRY TOTAL: 213 FORM 13F INFORMATION TABLE VALUE TOTAL: $6,743,235,100 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME 1 28-10561 AIC Investment Services, Inc. 2 28-42 AXA Equitable Life Insurance Company 3 28-2682 UBS Global Asset Management
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 COMMON G1150G111 91009810 2394995 SH SOLE 0 2243827 0 151168 Accenture Ltd COMMON G1150G111 15838400 416800 SH OTHER 1 416800 0 0 Accenture Ltd COMMON G1150G111 2219200 58400 SH OTHER 2 58400 0 0 ACCO Brands Corp. COMMON 00081T108 55637283 7378950 SH SOLE 0 5821200 0 1567300 ACCO Brands Corp. COMMON 00081T108 92177 12225 SH OTHER 1 12225 0 0 ACCO Brands Corp. COMMON 00081T108 1598480 212000 SH OTHER 3 212000 0 0 ACCO Brands Corp. COMMON 00081T108 72007 9550 SH OTHER 0 0 9550 Aflac Inc. COMMON 001055102 2625538 44690 SH SOLE 0 44690 0 0 Aflac Inc. COMMON 001055102 11656000 198400 SH OTHER 1 198400 0 0 American Express Company COMMON 025816109 1409405 39780 SH SOLE 0 39780 0 0 American Express Company COMMON 025816109 8350851 235700 SH OTHER 1 235700 0 0 Anixter International Inc. COMMON 035290105 276945377 4653762 SH SOLE 0 3949837 0 703925 Anixter International Inc. COMMON 035290105 450491 7570 SH OTHER 1 7570 0 0 Anixter International Inc. COMMON 035290105 2207821 37100 SH OTHER 2 37100 0 0 Anixter International Inc. COMMON 035290105 7456603 125300 SH OTHER 3 125300 0 0 Baxter International Inc. COMMON 071813109 75833956 1155477 SH SOLE 0 1071469 0 84008 Baxter International Inc. COMMON 071813109 2126412 32400 SH OTHER 2 32400 0 0 BearingPoint, Inc. COMMON 074002106 10281404 19771930 SH SOLE 0 6225880 0 13546050 Berkshire Hathaway Inc. COMMON 084670207 2984205 679 SH SOLE 0 679 0 0 Berkshire Hathaway Inc. COMMON 084670207 19465455 4429 SH OTHER 1 4429 0 0 Bio-Rad Laboratories, Inc. COMMON 090572207 206417301 2082499 SH SOLE 0 1687399 0 396675 Bio-Rad Laboratories, Inc. COMMON 090572207 426216 4300 SH OTHER 1 4300 0 0 Bio-Rad Laboratories, Inc. COMMON 090572207 6304032 63600 SH OTHER 3 63600 0 0 Bio-Rad Laboratories, Inc. COMMON 090572207 156114 1575 SH OTHER 0 0 1575 Black & Decker Corp. COMMON 091797100 134767800 2218400 SH SOLE 0 2160194 0 58206 Black & Decker Corp. COMMON 091797100 12811568 210890 SH OTHER 1 210890 0 0 Black & Decker Corp. COMMON 091797100 1251450 20600 SH OTHER 2 20600 0 0 Black & Decker Corp. COMMON 091797100 4580550 75400 SH OTHER 3 75400 0 0 Blount International, Inc. COMMON 095180105 52113665 4682270 SH SOLE 0 1984770 0 2710550 Blount International, Inc. COMMON 095180105 145247 13050 SH OTHER 0 0 13050 Bob Evans Farms, Inc. COMMON 096761101 35771950 1310808 SH SOLE 0 545242 0 765566 Brady Corp. COMMON 104674106 193396916 5481772 SH SOLE 0 4251872 0 1234205 Brady Corp. COMMON 104674106 372028 10545 SH OTHER 1 10545 0 0 Brady Corp. COMMON 104674106 6622056 187700 SH OTHER 3 187700 0 0 Brady Corp. COMMON 104674106 151880 4305 SH OTHER 0 0 4305 Carnival Corp. COMMON 143658300 80400217 2274405 SH SOLE 0 2144787 0 129618 Carnival Corp. COMMON 143658300 15599955 441300 SH OTHER 1 441300 0 0 Carnival Corp. COMMON 143658300 2407335 68100 SH OTHER 2 68100 0 0 CB Richard Ellis Group, Inc. COMMON 12497T101 158239766 11835435 SH SOLE 0 11531230 0 304205 CB Richard Ellis Group, Inc. COMMON 12497T101 350294 26200 SH OTHER 1 26200 0 0 CB Richard Ellis Group, Inc. COMMON 12497T101 1925280 144000 SH OTHER 2 144000 0 0 CB Richard Ellis Group, Inc. COMMON 12497T101 5353348 400400 SH OTHER 3 400400 0 0 CBS Corp. COMMON 124857202 79891008 5479493 SH SOLE 0 5139886 0 339607 CBS Corp. COMMON 124857202 2407158 165100 SH OTHER 2 165100 0 0 City National Corp. COMMON 178566105 283936112 5229026 SH SOLE 0 4486890 0 745206 City National Corp. COMMON 178566105 461822 8505 SH OTHER 1 8505 0 0 City National Corp. COMMON 178566105 2568390 47300 SH OTHER 2 47300 0 0 City National Corp. COMMON 178566105 6570300 121000 SH OTHER 3 121000 0 0 City National Corp. COMMON 178566105 166701 3070 SH OTHER 0 0 3070 Clorox Co. COMMON 189054109 87305981 1392662 SH SOLE 0 1303904 0 88758 Clorox Co. COMMON 189054109 2325799 37100 SH OTHER 2 37100 0 0 Constellation Brands, Inc. COMMON 21036P108 164100199 7646794 SH SOLE 0 7403888 0 249061 Constellation Brands, Inc. COMMON 21036P108 397010 18500 SH OTHER 1 18500 0 0 Constellation Brands, Inc. COMMON 21036P108 1862728 86800 SH OTHER 2 86800 0 0 Constellation Brands, Inc. COMMON 21036P108 6388642 297700 SH OTHER 3 297700 0 0 Constellation Brands, Inc. COMMON 21036P108 132086 6155 SH OTHER 0 0 6155 Covidien Ltd. COMMON G2552X108 2062825 38371 SH SOLE 0 38371 0 0 Covidien Ltd. COMMON G2552X108 11644416 216600 SH OTHER 1 216600 0 0 Dell Inc. COMMON 24702R101 2242681 136085 SH SOLE 0 136085 0 0 Dell Inc. COMMON 24702R101 12768704 774800 SH OTHER 1 774800 0 0 Dun & Bradstreet Corp. COMMON 26483E100 94212232 998434 SH SOLE 0 964250 0 35924 Dun & Bradstreet Corp. COMMON 26483E100 235900 2500 SH OTHER 1 2500 0 0 Dun & Bradstreet Corp. COMMON 26483E100 2528848 26800 SH OTHER 2 26800 0 0 Dun & Bradstreet Corp. COMMON 26483E100 3595116 38100 SH OTHER 3 38100 0 0 Dun & Bradstreet Corp. COMMON 26483E100 164186 1740 SH OTHER 0 0 1740 eBay, Inc. COMMON 278642103 1535604 68615 SH SOLE 0 68615 0 0 eBay, Inc. COMMON 278642103 9092994 406300 SH OTHER 1 406300 0 0 Energizer Holdings, Inc. COMMON 29266R108 170450727 2116086 SH SOLE 0 2064755 0 52841 Energizer Holdings, Inc. COMMON 29266R108 380599 4725 SH OTHER 1 4725 0 0 Energizer Holdings, Inc. COMMON 29266R108 1643220 20400 SH OTHER 2 20400 0 0 Energizer Holdings, Inc. COMMON 29266R108 5839875 72500 SH OTHER 3 72500 0 0 Energizer Holdings, Inc. COMMON 29266R108 121631 1510 SH OTHER 0 0 1510 Equifax Inc. COMMON 294429105 222629060 6462382 SH SOLE 0 6324876 0 137506 Equifax Inc. COMMON 294429105 463525 13455 SH OTHER 1 13455 0 0 Equifax Inc. COMMON 294429105 2507960 72800 SH OTHER 2 72800 0 0 Equifax Inc. COMMON 294429105 6976125 202500 SH OTHER 3 202500 0 0 Franklin Resources, Inc. COMMON 354613101 64120392 727566 SH SOLE 0 682435 0 45131 Franklin Resources, Inc. COMMON 354613101 7385294 83800 SH OTHER 1 83800 0 0 Franklin Resources, Inc. COMMON 354613101 1841917 20900 SH OTHER 2 20900 0 0 Gannett Co., Inc. COMMON 364730101 144308536 8533917 SH SOLE 0 8324381 0 209536 Gannett Co., Inc. COMMON 364730101 300998 17800 SH OTHER 1 17800 0 0 Gannett Co., Inc. COMMON 364730101 1731584 102400 SH OTHER 2 102400 0 0 Gannett Co., Inc. COMMON 364730101 4641795 274500 SH OTHER 3 274500 0 0 HCC Insurance Holdings, Inc. COMMON 404132102 121926492 4515796 SH SOLE 0 3538902 0 982026 HCC Insurance Holdings, Inc. COMMON 404132102 229635 8505 SH OTHER 1 8505 0 0 HCC Insurance Holdings, Inc. COMMON 404132102 799200 29600 SH OTHER 2 29600 0 0 HCC Insurance Holdings, Inc. COMMON 404132102 4673727 173101 SH OTHER 3 173101 0 0 HCC Insurance Holdings, Inc. COMMON 404132102 138564 5132 SH OTHER 0 0 5132 Herman Miller, Inc. COMMON 600544100 27266603 1114287 SH SOLE 0 559667 0 554620 Herman Miller, Inc. COMMON 600544100 48451 1980 SH OTHER 1 1980 0 0 Herman Miller, Inc. COMMON 600544100 712077 29100 SH OTHER 3 29100 0 0 Hewitt Associates, Inc. COMMON 42822Q100 280375081 7694157 SH SOLE 0 6519935 0 1174222 Hewitt Associates, Inc. COMMON 42822Q100 469894 12895 SH OTHER 1 12895 0 0 Hewitt Associates, Inc. COMMON 42822Q100 1876660 51500 SH OTHER 2 51500 0 0 Hewitt Associates, Inc. COMMON 42822Q100 7699772 211300 SH OTHER 3 211300 0 0 Horace Mann Educators Corp. COMMON 440327104 52882573 4108980 SH SOLE 0 1729940 0 2386950 Horace Mann Educators Corp. COMMON 440327104 101802 7910 SH OTHER 0 0 7910 Hospira, Inc. COMMON 441060100 52124855 1364525 SH SOLE 0 1364525 0 0 Hospira, Inc. COMMON 441060100 156620 4100 SH OTHER 1 4100 0 0 Hospira, Inc. COMMON 441060100 2448620 64100 SH OTHER 3 64100 0 0 IDEX Corp. COMMON 45167R104 133863367 4315389 SH SOLE 0 3225160 0 1094842 IDEX Corp. COMMON 45167R104 272976 8800 SH OTHER 1 8800 0 0 IDEX Corp. COMMON 45167R104 4181496 134800 SH OTHER 3 134800 0 0 IDEX Corp. COMMON 45167R104 143095 4613 SH OTHER 0 0 4613 Illinois Tool Works Inc. COMMON 452308109 46130210 1037800 SH SOLE 0 992405 0 45395 Illinois Tool Works Inc. COMMON 452308109 13134975 295500 SH OTHER 1 295500 0 0 Illinois Tool Works Inc. COMMON 452308109 1431290 32200 SH OTHER 2 32200 0 0 IMS Health Inc. COMMON 449934108 261461327 13826617 SH SOLE 0 11878797 0 1954320 IMS Health Inc. COMMON 449934108 16301838 862075 SH OTHER 1 862075 0 0 IMS Health Inc. COMMON 449934108 2533940 134000 SH OTHER 2 134000 0 0 IMS Health Inc. COMMON 449934108 6070110 321000 SH OTHER 3 321000 0 0 IMS Health Inc. COMMON 449934108 122915 6500 SH OTHER 0 0 6500 Interface, Inc. COMMON 458665106 94475377 8309180 SH SOLE 0 5969480 0 2350685 Interface, Inc. COMMON 458665106 171687 15100 SH OTHER 1 15100 0 0 Interface, Inc. COMMON 458665106 2633292 231600 SH OTHER 3 231600 0 0 Interface, Inc. COMMON 458665106 124899 10985 SH OTHER 0 0 10985 International Business Machines Corp. COMMON 459200101 2396510 20490 SH SOLE 0 20490 0 0 International Business Machines Corp. COMMON 459200101 15216496 130100 SH OTHER 1 130100 0 0 International Game Technology COMMON 459902102 41026785 2388055 SH SOLE 0 2233120 0 154935 International Game Technology COMMON 459902102 1200882 69900 SH OTHER 2 69900 0 0 Interpublic Group of Cos., Inc. COMMON 460690100 196986129 25417565 SH SOLE 0 21865773 0 3569647 Interpublic Group of Cos., Inc. COMMON 460690100 316510 40840 SH OTHER 1 40840 0 0 Interpublic Group of Cos., Inc. COMMON 460690100 1197375 154500 SH OTHER 2 154500 0 0 Interpublic Group of Cos., Inc. COMMON 460690100 4694950 605800 SH OTHER 3 605800 0 0 Interpublic Group of Cos., Inc. COMMON 460690100 138376 17855 SH OTHER 0 0 17855 J.M. Smucker Co. COMMON 832696405 155001149 3057825 SH SOLE 0 2483001 0 574824 J.M. Smucker Co. COMMON 832696405 355590 7015 SH OTHER 1 7015 0 0 J.M. Smucker Co. COMMON 832696405 5773591 113900 SH OTHER 3 113900 0 0 Janus Capital Group Inc. COMMON 47102X105 273901393 11280947 SH SOLE 0 9773222 0 1507725 Janus Capital Group Inc. COMMON 47102X105 382774 15765 SH OTHER 1 15765 0 0 Janus Capital Group Inc. COMMON 47102X105 2457136 101200 SH OTHER 2 101200 0 0 Janus Capital Group Inc. COMMON 47102X105 6431772 264900 SH OTHER 3 264900 0 0 Johnson & Johnson COMMON 478160104 3026150 43680 SH SOLE 0 43680 0 0 Johnson & Johnson COMMON 478160104 16904320 244000 SH OTHER 1 244000 0 0 Jones Lang LaSalle Inc. COMMON 48020Q107 226668414 5213165 SH SOLE 0 4300255 0 912910 Jones Lang LaSalle Inc. COMMON 48020Q107 317404 7300 SH OTHER 1 7300 0 0 Jones Lang LaSalle Inc. COMMON 48020Q107 1882684 43300 SH OTHER 2 43300 0 0 Jones Lang LaSalle Inc. COMMON 48020Q107 4900196 112700 SH OTHER 3 112700 0 0 JPMorgan Chase & Co. COMMON 46625H100 2653728 56825 SH SOLE 0 56825 0 0 JPMorgan Chase & Co. COMMON 46625H100 15769189 337670 SH OTHER 1 337670 0 0 Laboratory Corp. of America Holdings COMMON 50540R409 34940917 502747 SH SOLE 0 465987 0 36760 Laboratory Corp. of America Holdings COMMON 50540R409 924350 13300 SH OTHER 2 13300 0 0 Lee Enterprises, Inc. COMMON 523768109 23148615 6613890 SH SOLE 0 2735560 0 3878330 Littelfuse, Inc. COMMON 537008104 48541509 1632745 SH SOLE 0 686070 0 946675 Markel Corp. COMMON 570535104 163151186 464157 SH SOLE 0 376072 0 88414 Markel Corp. COMMON 570535104 294206 837 SH OTHER 1 837 0 0 Markel Corp. COMMON 570535104 1230250 3500 SH OTHER 2 3500 0 0 Markel Corp. COMMON 570535104 3339250 9500 SH OTHER 3 9500 0 0 Markel Corp. COMMON 570535104 115644 329 SH OTHER 0 0 329 Matthews International Corp. COMMON 577128101 72375739 1426404 SH SOLE 0 578499 0 851250 Matthews International Corp. COMMON 577128101 169725 3345 SH OTHER 0 0 3345 McClatchy Company COMMON 579489105 67255140 15285259 SH SOLE 0 12238359 0 3046900 McClatchy Company COMMON 579489105 104654 23785 SH OTHER 1 23785 0 0 McClatchy Company COMMON 579489105 1657480 376700 SH OTHER 3 376700 0 0 Meredith Corporation COMMON 589433101 45522940 1623500 SH SOLE 0 1235975 0 389885 Meredith Corporation COMMON 589433101 64492 2300 SH OTHER 1 2300 0 0 Meredith Corporation COMMON 589433101 1076736 38400 SH OTHER 3 38400 0 0 Meredith Corporation COMMON 589433101 66174 2360 SH OTHER 0 0 2360 Mohawk Industries, Inc. COMMON 608190104 49346530 732253 SH SOLE 0 732253 0 1505 Mohawk Industries, Inc. COMMON 608190104 223398 3315 SH OTHER 1 3315 0 0 Mohawk Industries, Inc. COMMON 608190104 3511019 52100 SH OTHER 3 52100 0 0 Mohawk Industries, Inc. COMMON 608190104 101422 1505 SH OTHER 0 0 1505 Newell Rubbermaid Inc. COMMON 651229106 75518973 4375375 SH SOLE 0 4375375 0 0 Newell Rubbermaid Inc. COMMON 651229106 279612 16200 SH OTHER 1 16200 0 0 Newell Rubbermaid Inc. COMMON 651229106 4440998 257300 SH OTHER 3 257300 0 0 Northern Trust Corp. COMMON 665859104 81355321 1126805 SH SOLE 0 1054745 0 72060 Northern Trust Corp. COMMON 665859104 2108240 29200 SH OTHER 2 29200 0 0 Omnicom Group Inc. COMMON 681919106 56904920 1475750 SH SOLE 0 1366279 0 109471 Omnicom Group Inc. COMMON 681919106 13997280 363000 SH OTHER 1 363000 0 0 Omnicom Group Inc. COMMON 681919106 1311040 34000 SH OTHER 2 34000 0 0 Pitney Bowes Inc. COMMON 724479100 82138696 2469594 SH SOLE 0 2326919 0 142675 Pitney Bowes Inc. COMMON 724479100 179604 5400 SH OTHER 1 5400 0 0 Pitney Bowes Inc. COMMON 724479100 1869212 56200 SH OTHER 2 56200 0 0 Pitney Bowes Inc. COMMON 724479100 3059920 92000 SH OTHER 3 92000 0 0 PrivateBancorp, Inc. COMMON 742962103 118811196 2851925 SH SOLE 0 1981325 0 870600 Radio One, Inc. COMMON 75040P405 11539466 15385955 SH SOLE 0 5968030 0 9417925 Royal Caribbean Cruises Ltd. COMMON V7780T103 110743476 5337035 SH SOLE 0 5337035 0 6430 Royal Caribbean Cruises Ltd. COMMON V7780T103 338225 16300 SH OTHER 1 16300 0 0 Royal Caribbean Cruises Ltd. COMMON V7780T103 5770575 278100 SH OTHER 3 278100 0 0 Royal Caribbean Cruises Ltd. COMMON V7780T103 133423 6430 SH OTHER 0 0 6430 S&T Bancorp, Inc. COMMON 783859101 13744183 373179 SH SOLE 0 146554 0 226625 Sotheby's COMMON 835898107 104577655 5213243 SH SOLE 0 4237068 0 981505 Sotheby's COMMON 835898107 164492 8200 SH OTHER 1 8200 0 0 Sotheby's COMMON 835898107 866592 43200 SH OTHER 2 43200 0 0 Sotheby's COMMON 835898107 2501482 124700 SH OTHER 3 124700 0 0 Sotheby's COMMON 835898107 106920 5330 SH OTHER 0 0 5330 Steelcase Inc. COMMON 858155203 49551760 4609466 SH SOLE 0 3157166 0 1452300 Steelcase Inc. COMMON 858155203 111155 10340 SH OTHER 1 10340 0 0 Steelcase Inc. COMMON 858155203 1704950 158600 SH OTHER 3 158600 0 0 T. Rowe Price Group, Inc. COMMON 74144T108 43374907 807576 SH SOLE 0 740222 0 67354 T. Rowe Price Group, Inc. COMMON 74144T108 1117168 20800 SH OTHER 2 20800 0 0 Thermo Fisher Scientific Inc. COMMON 883556102 80915890 1471198 SH SOLE 0 1374946 0 96252 Thermo Fisher Scientific Inc. COMMON 883556102 2084500 37900 SH OTHER 2 37900 0 0 Tiffany & Co. COMMON 886547108 149453064 4207575 SH SOLE 0 4095165 0 116015 Tiffany & Co. COMMON 886547108 10254624 288700 SH OTHER 1 288700 0 0 Tiffany & Co. COMMON 886547108 1839936 51800 SH OTHER 2 51800 0 0 Tiffany & Co. COMMON 886547108 4358304 122700 SH OTHER 3 122700 0 0 Tiffany & Co. COMMON 886547108 128050 3605 SH OTHER 0 0 3605 Toyota Motor Corp. COMMON 892331307 2622906 30570 SH SOLE 0 30570 0 0 Toyota Motor Corp. COMMON 892331307 15383940 179300 SH OTHER 1 179300 0 0 Tyco International Ltd. COMMON G9143X208 1734926 49541 SH SOLE 0 49541 0 0 Tyco International Ltd. COMMON G9143X208 10502498 299900 SH OTHER 1 299900 0 0 UBS AG COMMON H89231338 958964 54673 SH SOLE 0 54673 0 0 UBS AG COMMON H89231338 7967194 454230 SH OTHER 1 454230 0 0 USG Corp. COMMON 903293405 1124352 43920 SH SOLE 0 43920 0 0 USG Corp. COMMON 903293405 6046720 236200 SH OTHER 1 236200 0 0 Walt Disney Co. COMMON 254687106 1675674 54600 SH SOLE 0 54600 0 0 Walt Disney Co. COMMON 254687106 9845352 320800 SH OTHER 1 320800 0 0 Wilmington Trust Corporation COMMON 971807102 58814930 2040060 SH SOLE 0 2040060 0 0 Wilmington Trust Corporation COMMON 971807102 207576 7200 SH OTHER 1 7200 0 0 Wilmington Trust Corporation COMMON 971807102 3399057 117900 SH OTHER 3 117900 0 0 Yum Brands, Inc. COMMON 988498101 29373490 900751 SH SOLE 0 819167 0 81584 Yum Brands, Inc. COMMON 988498101 710898 21800 SH OTHER 2 21800 0 0 6743235100