13F-HR 1 sc13f3rdqtr.txt FORM 13F HR 3RD QTR 04 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 09/30/04 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 November 8, 2004 ----------------------------------- ---------------- -------------------- 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: 135 Form 13F Information Table Value Total: $17,220,127,000 List of Other Included Managers: 0 PORTVUE-SEC13F.LNP PAGE 1 RUN DATE: 10/04/04 10:04 A.M. ARIEL CAPITAL MANAGEMENT FORM 13F INFORMATION TABLE AS OF 9/30/04

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 322525 11923272 SH SOLE 9837437 0 2085835 ACCENTURE LTD. COM G1150G111 4958 183300 SH OTHER 81100 0 102200 AMERICAN GREETINGS CORP. COM 26375105 262755 10459979 SH SOLE 8362594 0 2097385 ANDREW CORP. COM 34425108 218809 17876515 SH SOLE 14137440 0 3739075 ANIXTER INTERNATIONAL, INC. COM 35290105 284717 8113920 SH SOLE 6329515 0 1784405 ARAMARK CORP CL B COM 38521100 142305 5894980 SH SOLE 5025785 0 869195 ARAMARK CORP CL B COM 38521100 1189 49245 SH OTHER 21045 0 28200 ARGOSY GAMING CORP COM COM 40228108 135507 3456820 SH SOLE 2664545 0 792275 BANKNORTH GROUP INC COM COM 06646R107 288555 8244438 SH SOLE 6972593 0 1271845 BANKNORTH GROUP INC COM COM 06646R107 3575 102140 SH OTHER 44940 0 57200 BAXTER INTL INC COM COM 71813109 399980 12437187 SH SOLE 10310682 0 2126505 BAXTER INTL INC COM COM 71813109 5246 163115 SH OTHER 76115 0 87000 BLACK & DECKER CORP. COM 91797100 257172 3320917 SH SOLE 2844662 0 476255 BLACK & DECKER CORP. COM 91797100 2980 38485 SH OTHER 16860 0 21625 BOB EVANS FARMS, INC. COM 96761101 184808 6804424 SH SOLE 5300737 0 1503687 BRADY CORP. COM 104674106 303362 6220256 SH SOLE 4718716 0 1501540 BRADY CORP. COM 104674106 181 3710 SH OTHER 3710 0 0 CAESARS ENTERTAINMENT CORP COM 127687101 411172 24621105 SH SOLE 19312535 0 5308570 CAESARS ENTERTAINMENT CORP COM 127687101 145 8700 SH OTHER 8700 0 0 CARNIVAL PAIRED CERTIFICATES COM 143658300 210056 4441861 SH SOLE 3645681 0 796180 CARNIVAL PAIRED CERTIFICATES COM 143658300 2738 57900 SH OTHER 27300 0 30600 CENDANT CORP. COM 151313103 274211 12694960 SH SOLE 10584810 0 2110150 CENDANT CORP. COM 151313103 3534 163600 SH OTHER 71500 0 92100 CENTURYTEL, INC. COM 156700106 201011 5870637 SH SOLE 4946177 0 924460 CENTURYTEL, INC. COM 156700106 2461 71885 SH OTHER 31960 0 39925 CERTEGY INC. COM 156880106 174388 4686599 SH SOLE 4211252 0 475347 CERTEGY INC. COM 156880106 1397 37551 SH OTHER 18276 0 19275 CHITTENDEN CORP COM COM 170228100 136702 5016604 SH SOLE 3850566 0 1166038 CHITTENDEN CORP COM COM 170228100 73 2663 SH OTHER 2663 0 0 CLOROX CO. COM 189054109 206215 3868951 SH SOLE 3248561 0 620390 CLOROX CO. COM 189054109 2625 49250 SH OTHER 21000 0 28250 DEVRY, INC. COM 251893103 101524 4902150 SH SOLE 3819540 0 1082610 DEVRY, INC. COM 251893103 44 2105 SH OTHER 2105 0 0 DUN & BRADSTREET CORP. COM 26483E100 259502 4420819 SH SOLE 3732369 0 688450 DUN & BRADSTREET CORP. COM 26483E100 3766 64152 SH OTHER 29452 0 34700 EDWARDS A G INC COM COM 281760108 11823 341500 SH SOLE 341500 0 0 ENERGIZER HLDGS, INC. COM 29266R108 268174 5817232 SH SOLE 4653547 0 1163685 ENERGIZER HLDGS, INC. COM 29266R108 128 2785 SH OTHER 2785 0 0 EQUIFAX INC. COM 294429105 215208 8164206 SH SOLE 6925221 0 1238985 EQUIFAX INC. COM 294429105 2479 94045 SH OTHER 41945 0 52100 FISHER SCIENTIFIC INTL INC COM COM 338032204 343359 5886487 SH SOLE 5088442 0 798045 FISHER SCIENTIFIC INTL INC COM COM 338032204 3716 63700 SH OTHER 28756 0 34944 FRANKLIN RES INC. COM 354613101 214180 3841100 SH SOLE 3145705 0 695395 FRANKLIN RES INC. COM 354613101 3072 55095 SH OTHER 24420 0 30675 GENERAL BINDING CORP. COM 369154109 58824 4189738 SH SOLE 2638163 0 1551575 GENERAL BINDING CORP. COM 369154109 43 3050 SH OTHER 3050 0 0 GRACO, INC. COM 384109104 226237 6753354 SH SOLE 5255872 0 1497482 GRACO, INC. COM 384109104 175 5229 SH OTHER 5229 0 0 GREATER BAY BANCORP COM COM 391648102 113593 3951070 SH SOLE 3165205 0 785865 GREATER BAY BANCORP COM COM 391648102 24 840 SH OTHER 840 0 0 HARTE-HANKS COMM, INC. COM 416196103 244827 9789163 SH SOLE 8693644 0 1095519 HARTE-HANKS COMM, INC. COM 416196103 2225 88955 SH OTHER 38855 0 50100 HASBRO INC. COM 418056107 255434 13586932 SH SOLE 10758727 0 2828205 HASBRO INC. COM 418056107 100 5310 SH OTHER 5310 0 0 HCC INSURANCE HOLDINGS, INC. COM 404132102 263039 8724357 SH SOLE 6866482 0 1857875 HCC INSURANCE HOLDINGS, INC. COM 404132102 103 3415 SH OTHER 3415 0 0 HORACE MANN EDUCATORS CORP. COM 440327104 181617 10330890 SH SOLE 8013550 0 2317340 IDEX CORP. COM 45167R104 389639 11473479 SH SOLE 9062181 0 2411298 IDEX CORP. COM 45167R104 132 3892 SH OTHER 3892 0 0 IMS HEALTH INC. COM 449934108 401888 16801351 SH SOLE 14210881 0 2590470 IMS HEALTH INC. COM 449934108 4967 207650 SH OTHER 92350 0 115300 INTERFACE, INC. COM 458665106 77695 9687700 SH SOLE 6845500 0 2842200 INTERFACE, INC. COM 458665106 32 3990 SH OTHER 3990 0 0 INTERPUBLIC GROUP COS INC. COM 460690100 185824 17547108 SH SOLE 14839083 0 2708025 INTERPUBLIC GROUP COS INC. COM 460690100 2350 221940 SH OTHER 100740 0 121200 INVACARE CORP. COM 461203101 340368 7399307 SH SOLE 5864910 0 1534397 INVACARE CORP. COM 461203101 67 1455 SH OTHER 1455 0 0 ISHARES TR RUSSELL MIDCAP COM 464287473 262 2625 SH SOLE 2625 0 0 JANUS CAP GROUP INC COM COM 47102X105 485621 35681199 SH SOLE 28857869 0 6823330 JANUS CAP GROUP INC COM COM 47102X105 2495 183305 SH OTHER 80905 0 102400 JONES LANG LASALLE, INC. COM 48020Q107 254484 7709308 SH SOLE 5864213 0 1845095 JONES LANG LASALLE, INC. COM 48020Q107 138 4190 SH OTHER 4190 0 0 JOURNAL REGISTER, CO. COM 481138105 118690 6279920 SH SOLE 4697790 0 1582130 LEE ENTERPRISES, INC. COM 523768109 338994 7315370 SH SOLE 5679290 0 1636080 LEE ENTERPRISES, INC. COM 523768109 174 3745 SH OTHER 3745 0 0 LIBBEY, INC. COM 529898108 50546 2703005 SH SOLE 1800355 0 902650 LITTELFUSE, INC. COM 537008104 85600 2478990 SH SOLE 1902865 0 576125 LONGS DRUG STORES CORP. COM 543162101 108413 4479858 SH SOLE 3336371 0 1143487 LONGS DRUG STORES CORP. COM 543162101 101 4155 SH OTHER 4155 0 0 MARKEL CORP. COM 570535104 409751 1328634 SH SOLE 1053269 0 275365 MARKEL CORP. COM 570535104 118 384 SH OTHER 384 0 0 MATTEL INC COM 577081102 125275 6909825 SH SOLE 5865955 0 1043870 MATTEL INC COM 577081102 625 34500 SH OTHER 10400 0 24100 MATTHEWS INTL CORP. COM 577128101 123291 3639042 SH SOLE 2694362 0 944680 MATTHEWS INTL CORP. COM 577128101 139 4115 SH OTHER 4115 0 0 MBIA, INC. COM 55262C100 407803 7005726 SH SOLE 5903602 0 1102124 MBIA, INC. COM 55262C100 5080 87262 SH OTHER 38862 0 48400 MBNA CORP. COM 55262L100 258485 10257341 SH SOLE 8504986 0 1752355 MBNA CORP. COM 55262L100 3935 156151 SH OTHER 69814 0 86337 MCCLATCHY CO. COM 579489105 201487 2844654 SH SOLE 2400374 0 444280 MCCLATCHY CO. COM 579489105 2456 34680 SH OTHER 15130 0 19550 MCCORMICK & CO INC. COM 579780206 163246 4753812 SH SOLE 3501102 0 1252710 MILLER HERMAN INC. COM 600544100 245672 9966410 SH SOLE 8088635 0 1877775 MILLER HERMAN INC. COM 600544100 51 2070 SH OTHER 2070 0 0 MOHAWK INDS INC COM COM 608190104 191522 2412425 SH SOLE 2055255 0 357170 MOHAWK INDS INC COM COM 608190104 2255 28410 SH OTHER 12910 0 15500 NEIMAN MARCUS GROUP COM 640204202 336578 5853528 SH SOLE 4578113 0 1275415 NEIMAN MARCUS GROUP COM 640204202 130 2265 SH OTHER 2265 0 0 NORTHERN TRUST CORP. COM 665859104 417345 10229043 SH SOLE 8702328 0 1526715 NORTHERN TRUST CORP. COM 665859104 4011 98300 SH OTHER 51100 0 47200 OMNICARE INC COM COM 681904108 196674 6934916 SH SOLE 5991186 0 943730 OMNICARE INC COM COM 681904108 2132 75170 SH OTHER 33470 0 41700 OMNICOM GROUP INC. COM 681919106 189929 2599631 SH SOLE 2139746 0 459885 OMNICOM GROUP INC. COM 681919106 2683 36720 SH OTHER 16595 0 20125 PITNEY BOWES INC. COM 724479100 349425 7923473 SH SOLE 6690023 0 1233450 PITNEY BOWES INC. COM 724479100 4360 98865 SH OTHER 43890 0 54975 RADIO ONE INC. COM 75040P405 69103 4856130 SH SOLE 3621680 0 1234450 S & T BANCORP INC COM COM 783859101 43174 1209020 SH SOLE 941245 0 267775 SCHERING PLOUGH CORP COM COM 806605101 70652 3706800 SH SOLE 3706800 0 0 SERVICEMASTER CO. COM 81760N109 379025 29473152 SH SOLE 23603382 0 5869770 SERVICEMASTER CO. COM 81760N109 1864 144920 SH OTHER 71070 0 73850 SMUCKER, J.M. COMPANY COM 832696405 258819 5827950 SH SOLE 4745490 0 1082460 SOTHEBY'S HLDGS INC. COM 835898107 150079 9547023 SH SOLE 7377208 0 2169815 SOTHEBY'S HLDGS INC. COM 835898107 83 5280 SH OTHER 5280 0 0 ST PAUL TRAVELERS COM 792860108 183430 5548400 SH SOLE 4543635 0 1004765 ST PAUL TRAVELERS COM 792860108 2666 80630 SH OTHER 36430 0 44200 STEELCASE INC. COM 858155203 213411 15243675 SH SOLE 12292900 0 2950775 SUNGARD DATA SYS INC. COM 867363103 326878 13751718 SH SOLE 11685428 0 2066290 SUNGARD DATA SYS INC. COM 867363103 3898 163970 SH OTHER 73720 0 90250 SYBRON DENTAL SPECIALTIES INC. COM 871142105 166853 5619822 SH SOLE 4490692 0 1129130 SYBRON DENTAL SPECIALTIES INC. COM 871142105 67 2255 SH OTHER 2255 0 0 T ROWE PRICE GROUP INC. COM 74144T108 184437 3620666 SH SOLE 3050391 0 570275 T ROWE PRICE GROUP INC. COM 74144T108 2301 45175 SH OTHER 20225 0 24950 TRIBUNE CO. COM 896047107 284443 6912338 SH SOLE 5683523 0 1228815 TRIBUNE CO. COM 896047107 3912 95070 SH OTHER 42670 0 52400 VALASSIS COMMUNICATIONS INC. COM 918866104 303087 10246351 SH SOLE 8123186 0 2123165 VALASSIS COMMUNICATIONS INC. COM 918866104 149 5025 SH OTHER 5025 0 0 WADDELL & REED FINL INC. COM 930059100 249758 11352644 SH SOLE 9164389 0 2188255 WADDELL & REED FINL INC. COM 930059100 99 4500 SH OTHER 4500 0 0 WASTE MGMT INC COM 94106L109 117703 4305168 SH SOLE 3065553 0 1239615 WASTE MGMT INC COM 94106L109 2638 96500 SH OTHER 42300 0 54200 XL CAPITAL LTD. COM G98255105 204541 2764443 SH SOLE 2325568 0 438875 XL CAPITAL LTD. COM G98255105 2578 34845 SH OTHER 15245 0 19600 YUM BRANDS INC. COM 988498101 279464 6873189 SH SOLE 5819719 0 1053470 YUM BRANDS INC. COM 988498101 3509 86300 SH OTHER 37300 0 49000 LINE COUNT: 135