13F-HR 1 hr13f1q09.txt HR13F1Q09 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 03/31/09 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 May 15, 2009 ----------------------------------- ---------------- -------------------- 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:03/31/09 REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 3 FORM 13F INFORMATION TABLE ENTRY TOTAL: 213 FORM 13F INFORMATION TABLE VALUE TOTAL: $3,140,931,687 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 FORM 13F INFORMATION TABLE

TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------- -------- --------- -------- ------- --- ---- ------- ---------- ----- ------ ---- Accenture Ltd COMMON G1150G111 8285486 301400 SH OTHER 1 301400 0 0 Accenture Ltd COMMON G1150G111 1616412 58800 SH OTHER 2 58800 0 0 Aflac Inc. COMMON 001055102 36175225 1868555 SH SOLE 0 1758450 0 110105 Aflac Inc. COMMON 001055102 6584336 340100 SH OTHER 1 340100 0 0 Aflac Inc. COMMON 001055102 1357136 70100 SH OTHER 2 70100 0 0 American Express Company COMMON 025816109 1155074 84745 SH SOLE 0 55545 0 29200 American Express Company COMMON 025816109 3982686 292200 SH OTHER 1 292200 0 0 Anixter International Inc. COMMON 035290105 110790694 3497181 SH SOLE 0 2997291 0 499890 Anixter International Inc. COMMON 035290105 325354 10270 SH OTHER 1 10270 0 0 Anixter International Inc. COMMON 035290105 1416096 44700 SH OTHER 2 44700 0 0 Anixter International Inc. COMMON 035290105 2835360 89500 SH OTHER 3 89500 0 0 Baxter International Inc. COMMON 071813109 28214639 550852 SH SOLE 0 533779 0 17073 Baxter International Inc. COMMON 071813109 1198548 23400 SH OTHER 2 23400 0 0 Berkshire Hathaway Inc. COMMON 084670207 2523900 895 SH SOLE 0 588 0 307 Berkshire Hathaway Inc. COMMON 084670207 9049380 3209 SH OTHER 1 3209 0 0 Bio-Rad Laboratories, Inc. COMMON 090572207 97238679 1475549 SH SOLE 0 1224509 0 252400 Bio-Rad Laboratories, Inc. COMMON 090572207 349270 5300 SH OTHER 1 5300 0 0 Bio-Rad Laboratories, Inc. COMMON 090572207 586510 8900 SH OTHER 2 8900 0 0 Bio-Rad Laboratories, Inc. COMMON 090572207 3057760 46400 SH OTHER 3 46400 0 0 Bio-Rad Laboratories, Inc. COMMON 090572207 89624 1360 SH OTHER 0 0 1360 Black & Decker Corp. COMMON 091797100 10743845 340426 SH SOLE 0 340426 0 0 Black & Decker Corp. COMMON 091797100 78584 2490 SH OTHER 1 2490 0 0 Black & Decker Corp. COMMON 091797100 536520 17000 SH OTHER 3 17000 0 0 Blount International, Inc. COMMON 095180105 15728213 3404375 SH SOLE 0 1586475 0 1830105 Blount International, Inc. COMMON 095180105 56387 12205 SH OTHER 0 0 12205 Bob Evans Farms, Inc. COMMON 096761101 21629695 964750 SH SOLE 0 464559 0 500191 Brady Corp. COMMON 104674106 64913713 3682003 SH SOLE 0 2927978 0 758330 Brady Corp. COMMON 104674106 270532 15345 SH OTHER 1 15345 0 0 Brady Corp. COMMON 104674106 2477015 140500 SH OTHER 3 140500 0 0 Brady Corp. COMMON 104674106 75897 4305 SH OTHER 0 0 4305 Carnival Corp. COMMON 143658300 43814714 2028459 SH SOLE 0 1920851 0 107608 Carnival Corp. COMMON 143658300 6970320 322700 SH OTHER 1 322700 0 0 Carnival Corp. COMMON 143658300 1775520 82200 SH OTHER 2 82200 0 0 CB Richard Ellis Group, Inc. COMMON 12497T101 111522045 27672964 SH SOLE 0 24107009 0 3565955 CB Richard Ellis Group, Inc. COMMON 12497T101 331266 82200 SH OTHER 1 82200 0 0 CB Richard Ellis Group, Inc. COMMON 12497T101 1557595 386500 SH OTHER 2 386500 0 0 CB Richard Ellis Group, Inc. COMMON 12497T101 3107130 771000 SH OTHER 3 771000 0 0 CBS Corp. COMMON 124857202 76868356 20017801 SH SOLE 0 19648434 0 369367 CBS Corp. COMMON 124857202 292992 76300 SH OTHER 1 76300 0 0 CBS Corp. COMMON 124857202 1552128 404200 SH OTHER 2 404200 0 0 CBS Corp. COMMON 124857202 2528256 658400 SH OTHER 3 658400 0 0 City National Corp. COMMON 178566105 98127617 2905763 SH SOLE 0 2476447 0 432061 City National Corp. COMMON 178566105 256821 7605 SH OTHER 1 7605 0 0 City National Corp. COMMON 178566105 1279883 37900 SH OTHER 2 37900 0 0 City National Corp. COMMON 178566105 2590159 76700 SH OTHER 3 76700 0 0 City National Corp. COMMON 178566105 92699 2745 SH OTHER 0 0 2745 Clorox Co. COMMON 189054109 14059857 273113 SH SOLE 0 258730 0 14383 Clorox Co. COMMON 189054109 499356 9700 SH OTHER 2 9700 0 0 Constellation Brands, Inc. COMMON 21036P108 66604669 5597031 SH SOLE 0 5471400 0 131786 Constellation Brands, Inc. COMMON 21036P108 228480 19200 SH OTHER 1 19200 0 0 Constellation Brands, Inc. COMMON 21036P108 1088850 91500 SH OTHER 2 91500 0 0 Constellation Brands, Inc. COMMON 21036P108 1899240 159600 SH OTHER 3 159600 0 0 Constellation Brands, Inc. COMMON 21036P108 73245 6155 SH OTHER 0 0 6155 Covidien Ltd. COMMON G2552X108 1833884 55171 SH SOLE 0 35471 0 19700 Covidien Ltd. COMMON G2552X108 5840268 175700 SH OTHER 1 175700 0 0 Dell Inc. COMMON 24702R101 37951331 4003305 SH SOLE 0 3746090 0 257215 Dell Inc. COMMON 24702R101 8710224 918800 SH OTHER 1 918800 0 0 Dell Inc. COMMON 24702R101 1365120 144000 SH OTHER 2 144000 0 0 Dun & Bradstreet Corp. COMMON 26483E100 30679418 398434 SH SOLE 0 386245 0 13429 Dun & Bradstreet Corp. COMMON 26483E100 161700 2100 SH OTHER 1 2100 0 0 Dun & Bradstreet Corp. COMMON 26483E100 954800 12400 SH OTHER 2 12400 0 0 Dun & Bradstreet Corp. COMMON 26483E100 1347500 17500 SH OTHER 3 17500 0 0 Dun & Bradstreet Corp. COMMON 26483E100 95480 1240 SH OTHER 0 0 1240 eBay, Inc. COMMON 278642103 2359208 187835 SH SOLE 0 123835 0 64000 eBay, Inc. COMMON 278642103 8236848 655800 SH OTHER 1 655800 0 0 Energizer Holdings, Inc. COMMON 29266R108 55114011 1109157 SH SOLE 0 1090216 0 20451 Energizer Holdings, Inc. COMMON 29266R108 249692 5025 SH OTHER 1 5025 0 0 Energizer Holdings, Inc. COMMON 29266R108 660877 13300 SH OTHER 2 13300 0 0 Energizer Holdings, Inc. COMMON 29266R108 2007476 40400 SH OTHER 3 40400 0 0 Energizer Holdings, Inc. COMMON 29266R108 75032 1510 SH OTHER 0 0 1510 Equifax Inc. COMMON 294429105 86167815 3524246 SH SOLE 0 3466115 0 58131 Equifax Inc. COMMON 294429105 343645 14055 SH OTHER 1 14055 0 0 Equifax Inc. COMMON 294429105 1403430 57400 SH OTHER 2 57400 0 0 Equifax Inc. COMMON 294429105 2968230 121400 SH OTHER 3 121400 0 0 Exxon Mobil Corporation COMMON 30231G102 1665726 24460 SH SOLE 0 16060 0 8400 Exxon Mobil Corporation COMMON 30231G102 5791905 85050 SH OTHER 1 85050 0 0 Franklin Resources, Inc. COMMON 354613101 36535981 678225 SH SOLE 0 643944 0 34281 Franklin Resources, Inc. COMMON 354613101 4988362 92600 SH OTHER 1 92600 0 0 Franklin Resources, Inc. COMMON 354613101 1406007 26100 SH OTHER 2 26100 0 0 Gannett Co., Inc. COMMON 364730101 59679495 27127043 SH SOLE 0 26573797 0 553246 Gannett Co., Inc. COMMON 364730101 205920 93600 SH OTHER 1 93600 0 0 Gannett Co., Inc. COMMON 364730101 1177880 535400 SH OTHER 2 535400 0 0 Gannett Co., Inc. COMMON 364730101 1589720 722600 SH OTHER 3 722600 0 0 HCC Insurance Holdings, Inc. COMMON 404132102 38609318 1532724 SH SOLE 0 1240315 0 296441 HCC Insurance Holdings, Inc. COMMON 404132102 166380 6605 SH OTHER 1 6605 0 0 HCC Insurance Holdings, Inc. COMMON 404132102 1304867 51801 SH OTHER 3 51801 0 0 HCC Insurance Holdings, Inc. COMMON 404132102 101566 4032 SH OTHER 0 0 4032 Herman Miller, Inc. COMMON 600544100 7510663 704565 SH SOLE 0 341745 0 362820 Hess Corp. COMMON 42809H107 20898978 385590 SH SOLE 0 364995 0 20595 Hess Corp. COMMON 42809H107 3856330 71150 SH OTHER 1 71150 0 0 Hess Corp. COMMON 42809H107 845520 15600 SH OTHER 2 15600 0 0 Hewitt Associates, Inc. COMMON 42822Q100 130202559 4375086 SH SOLE 0 3818009 0 557077 Hewitt Associates, Inc. COMMON 42822Q100 395659 13295 SH OTHER 1 13295 0 0 Hewitt Associates, Inc. COMMON 42822Q100 1913568 64300 SH OTHER 2 64300 0 0 Hewitt Associates, Inc. COMMON 42822Q100 3380736 113600 SH OTHER 3 113600 0 0 Horace Mann Educators Corp. COMMON 440327104 21375348 2553805 SH SOLE 0 1227415 0 1337810 Horace Mann Educators Corp. COMMON 440327104 95585 11420 SH OTHER 0 0 11420 Hospira, Inc. COMMON 441060100 57761125 1871715 SH SOLE 0 1871715 0 1950 Hospira, Inc. COMMON 441060100 410438 13300 SH OTHER 1 13300 0 0 Hospira, Inc. COMMON 441060100 3379170 109500 SH OTHER 3 109500 0 0 Hospira, Inc. COMMON 441060100 60177 1950 SH OTHER 0 0 1950 IDEX Corp. COMMON 45167R104 67524215 3087527 SH SOLE 0 2445048 0 647092 IDEX Corp. COMMON 45167R104 253692 11600 SH OTHER 1 11600 0 0 IDEX Corp. COMMON 45167R104 2307285 105500 SH OTHER 3 105500 0 0 IDEX Corp. COMMON 45167R104 100886 4613 SH OTHER 0 0 4613 Illinois Tool Works Inc. COMMON 452308109 16411336 531972 SH SOLE 0 484947 0 47025 Illinois Tool Works Inc. COMMON 452308109 8446730 273800 SH OTHER 1 273800 0 0 Illinois Tool Works Inc. COMMON 452308109 567640 18400 SH OTHER 2 18400 0 0 IMS Health Inc. COMMON 449934108 123576603 9909912 SH SOLE 0 8507202 0 1410105 IMS Health Inc. COMMON 449934108 9212524 738775 SH OTHER 1 738775 0 0 IMS Health Inc. COMMON 449934108 1705896 136800 SH OTHER 2 136800 0 0 IMS Health Inc. COMMON 449934108 2945414 236200 SH OTHER 3 236200 0 0 IMS Health Inc. COMMON 449934108 92216 7395 SH OTHER 0 0 7395 Interface, Inc. COMMON 458665106 24457647 8179815 SH SOLE 0 6221815 0 1969660 Interface, Inc. COMMON 458665106 70265 23500 SH OTHER 1 23500 0 0 Interface, Inc. COMMON 458665106 762749 255100 SH OTHER 3 255100 0 0 Interface, Inc. COMMON 458665106 34863 11660 SH OTHER 0 0 11660 International Business Machines Corp. COMMON 459200101 1808936 18670 SH SOLE 0 12270 0 6400 International Business Machines Corp. COMMON 459200101 6191271 63900 SH OTHER 1 63900 0 0 International Game Technology COMMON 459902102 80167716 8694980 SH SOLE 0 8527305 0 173015 International Game Technology COMMON 459902102 274756 29800 SH OTHER 1 29800 0 0 International Game Technology COMMON 459902102 1564634 169700 SH OTHER 2 169700 0 0 International Game Technology COMMON 459902102 2350178 254900 SH OTHER 3 254900 0 0 International Game Technology COMMON 459902102 49235 5340 SH OTHER 0 0 5340 Interpublic Group of Cos., Inc. COMMON 460690100 102194215 24804421 SH SOLE 0 21567929 0 3258792 Interpublic Group of Cos., Inc. COMMON 460690100 298453 72440 SH OTHER 1 72440 0 0 Interpublic Group of Cos., Inc. COMMON 460690100 1541292 374100 SH OTHER 2 374100 0 0 Interpublic Group of Cos., Inc. COMMON 460690100 2493836 605300 SH OTHER 3 605300 0 0 Interpublic Group of Cos., Inc. COMMON 460690100 91876 22300 SH OTHER 0 0 22300 J.M. Smucker Co. COMMON 832696405 40621989 1089938 SH SOLE 0 1089938 0 0 J.M. Smucker Co. COMMON 832696405 250268 6715 SH OTHER 1 6715 0 0 J.M. Smucker Co. COMMON 832696405 2348010 63000 SH OTHER 3 63000 0 0 Janus Capital Group Inc. COMMON 47102X105 127027642 19101901 SH SOLE 0 16663336 0 2438565 Janus Capital Group Inc. COMMON 47102X105 390122 58665 SH OTHER 1 58665 0 0 Janus Capital Group Inc. COMMON 47102X105 1707720 256800 SH OTHER 2 256800 0 0 Janus Capital Group Inc. COMMON 47102X105 3566395 536300 SH OTHER 3 536300 0 0 Johnson & Johnson COMMON 478160104 2952175 56125 SH SOLE 0 36425 0 19700 Johnson & Johnson COMMON 478160104 10125500 192500 SH OTHER 1 192500 0 0 Jones Lang LaSalle Inc. COMMON 48020Q107 115713615 4974790 SH SOLE 0 4318075 0 656715 Jones Lang LaSalle Inc. COMMON 48020Q107 314010 13500 SH OTHER 1 13500 0 0 Jones Lang LaSalle Inc. COMMON 48020Q107 1521204 65400 SH OTHER 2 65400 0 0 Jones Lang LaSalle Inc. COMMON 48020Q107 3372700 145000 SH OTHER 3 145000 0 0 JPMorgan Chase & Co. COMMON 46625H100 1537387 57840 SH SOLE 0 38340 0 19500 JPMorgan Chase & Co. COMMON 46625H100 5328493 200470 SH OTHER 1 200470 0 0 Laboratory Corp. of America Holdings COMMON 50540R409 29226985 499692 SH SOLE 0 477157 0 23375 Laboratory Corp. of America Holdings COMMON 50540R409 1269233 21700 SH OTHER 2 21700 0 0 Laboratory Corp. of America Holdings COMMON 50540R409 49132 840 SH OTHER 0 0 840 Lee Enterprises, Inc. COMMON 523768109 1299187 4639955 SH SOLE 0 2013000 0 2626955 Littelfuse, Inc. COMMON 537008104 14138855 1286520 SH SOLE 0 610095 0 676425 Markel Corp. COMMON 570535104 64099536 225798 SH SOLE 0 188200 0 37927 Markel Corp. COMMON 570535104 173735 612 SH OTHER 1 612 0 0 Markel Corp. COMMON 570535104 738088 2600 SH OTHER 2 2600 0 0 Markel Corp. COMMON 570535104 1320042 4650 SH OTHER 3 4650 0 0 Markel Corp. COMMON 570535104 93397 329 SH OTHER 0 0 329 Matthews International Corp. COMMON 577128101 24374384 846039 SH SOLE 0 386934 0 461900 Matthews International Corp. COMMON 577128101 80524 2795 SH OTHER 0 0 2795 McClatchy Company COMMON 579489105 5947730 12138224 SH SOLE 0 6362324 0 5775900 Meredith Corporation COMMON 589433101 44654688 2683575 SH SOLE 0 2116675 0 570735 Meredith Corporation COMMON 589433101 170144 10225 SH OTHER 1 10225 0 0 Meredith Corporation COMMON 589433101 1409408 84700 SH OTHER 3 84700 0 0 Meredith Corporation COMMON 589433101 63814 3835 SH OTHER 0 0 3835 Mohawk Industries, Inc. COMMON 608190104 12584589 421312 SH SOLE 0 421312 0 1505 Mohawk Industries, Inc. COMMON 608190104 84084 2815 SH OTHER 1 2815 0 0 Mohawk Industries, Inc. COMMON 608190104 749737 25100 SH OTHER 3 25100 0 0 Mohawk Industries, Inc. COMMON 608190104 44954 1505 SH OTHER 0 0 1505 Newell Rubbermaid Inc. COMMON 651229106 30000578 4702285 SH SOLE 0 4702285 0 0 Newell Rubbermaid Inc. COMMON 651229106 217558 34100 SH OTHER 1 34100 0 0 Newell Rubbermaid Inc. COMMON 651229106 1903792 298400 SH OTHER 3 298400 0 0 Nordstrom, Inc. COMMON 655664100 72121648 4305770 SH SOLE 0 4233340 0 77085 Nordstrom, Inc. COMMON 655664100 250831 14975 SH OTHER 1 14975 0 0 Nordstrom, Inc. COMMON 655664100 1211025 72300 SH OTHER 2 72300 0 0 Nordstrom, Inc. COMMON 655664100 2497425 149100 SH OTHER 3 149100 0 0 Nordstrom, Inc. COMMON 655664100 77971 4655 SH OTHER 0 0 4655 Northern Trust Corp. COMMON 665859104 40231163 672537 SH SOLE 0 653177 0 19360 Northern Trust Corp. COMMON 665859104 1657014 27700 SH OTHER 2 27700 0 0 Omnicom Group Inc. COMMON 681919106 29757359 1271682 SH SOLE 0 1182816 0 88866 Omnicom Group Inc. COMMON 681919106 7635420 326300 SH OTHER 1 326300 0 0 Omnicom Group Inc. COMMON 681919106 1048320 44800 SH OTHER 2 44800 0 0 Pitney Bowes Inc. COMMON 724479100 5652568 242080 SH SOLE 0 206660 0 35420 PrivateBancorp, Inc. COMMON 742962103 51823122 3583895 SH SOLE 0 2823345 0 760550 PrivateBancorp, Inc. COMMON 742962103 193041 13350 SH OTHER 1 13350 0 0 PrivateBancorp, Inc. COMMON 742962103 1586262 109700 SH OTHER 3 109700 0 0 Radio One, Inc. COMMON 75040P405 4540757 10090570 SH SOLE 0 5269620 0 4820950 Royal Caribbean Cruises Ltd. COMMON V7780T103 76530424 9554360 SH SOLE 0 7919310 0 1644455 Royal Caribbean Cruises Ltd. COMMON V7780T103 342828 42800 SH OTHER 1 42800 0 0 Royal Caribbean Cruises Ltd. COMMON V7780T103 2858769 356900 SH OTHER 3 356900 0 0 Royal Caribbean Cruises Ltd. COMMON V7780T103 75334 9405 SH OTHER 0 0 9405 Sotheby's COMMON 835898107 55652292 6183588 SH SOLE 0 5294778 0 894140 Sotheby's COMMON 835898107 156600 17400 SH OTHER 1 17400 0 0 Sotheby's COMMON 835898107 531900 59100 SH OTHER 2 59100 0 0 Sotheby's COMMON 835898107 1480500 164500 SH OTHER 3 164500 0 0 Sotheby's COMMON 835898107 47970 5330 SH OTHER 0 0 5330 Steelcase Inc. COMMON 858155203 7924006 1581638 SH SOLE 0 759438 0 822200 T. Rowe Price Group, Inc. COMMON 74144T108 25304217 876792 SH SOLE 0 836048 0 40744 T. Rowe Price Group, Inc. COMMON 74144T108 975468 33800 SH OTHER 2 33800 0 0 Thermo Fisher Scientific Inc. COMMON 883556102 35449488 993818 SH SOLE 0 943837 0 49981 Thermo Fisher Scientific Inc. COMMON 883556102 1344759 37700 SH OTHER 2 37700 0 0 Tiffany & Co. COMMON 886547108 92970385 4312170 SH SOLE 0 3889385 0 426390 Tiffany & Co. COMMON 886547108 5788860 268500 SH OTHER 1 268500 0 0 Tiffany & Co. COMMON 886547108 1407868 65300 SH OTHER 2 65300 0 0 Tiffany & Co. COMMON 886547108 2222836 103100 SH OTHER 3 103100 0 0 Tiffany & Co. COMMON 886547108 77724 3605 SH OTHER 0 0 3605 Toyota Motor Corp. COMMON 892331307 2055351 32470 SH SOLE 0 21370 0 11100 Toyota Motor Corp. COMMON 892331307 6855390 108300 SH OTHER 1 108300 0 0 Tyco International Ltd. COMMON H89128104 1828782 93496 SH SOLE 0 61396 0 32100 Tyco International Ltd. COMMON H89128104 6255288 319800 SH OTHER 1 319800 0 0 UBS AG COMMON H89231338 925111 98103 SH SOLE 0 64703 0 33400 UBS AG COMMON H89231338 1602440 169930 SH OTHER 1 169930 0 0 Walt Disney Co. COMMON 254687106 1496384 82400 SH SOLE 0 54600 0 27800 Walt Disney Co. COMMON 254687106 5536984 304900 SH OTHER 1 304900 0 0 Waste Management, Inc. COMMON 94106L109 1561472 60995 SH SOLE 0 39995 0 21000 Waste Management, Inc. COMMON 94106L109 5340160 208600 SH OTHER 1 208600 0 0 3140931687