ARIEL INVESTMENTS, LLC Diversified Active

CIK: 0000936753 · Show all filings

Period: Q4 2017 (← Previous) (Next →)

Filing Date: Feb 14, 2018

Total Value ($000): $8,862,936 (100.0% shares, 0.0% debt)

Holdings (172)

BIDU Baidu, Inc. ADR 3.1%
Value ($000) $277,755 Shares 1,185,923 Est. Cost $177.18 Unrealized
FAF First American Financial Corp. 3.0%
Value ($000) $265,577 Shares 4,739,053 Est. Cost $16.66 Unrealized +146.4%
Lazard Ltd. 2.8%
Value ($000) $251,782 Shares 4,795,854 Est. Cost $36.03 Unrealized
KMT Kennametal, Inc. 2.8%
Value ($000) $251,230 Shares 5,189,629 Est. Cost $27.09 Unrealized +31.1%
MSFT Microsoft Corp. 2.7%
Value ($000) $239,830 Shares 2,803,720 Est. Cost $37.70 Unrealized +99.6%
SJM J.M. Smucker Co. 2.3%
Value ($000) $200,223 Shares 1,611,582 Est. Cost $76.84 Unrealized +11.6%
Laboratory Corp. of America Holdings 2.2%
Value ($000) $195,019 Shares 1,222,610 Est. Cost $102.69 Unrealized
KEYS Keysight Technologies, Inc. 2.2%
Value ($000) $191,911 Shares 4,613,257 Est. Cost $35.37 Unrealized +22.2%
NTRS Northern Trust Corp. 2.1%
Value ($000) $185,669 Shares 1,858,731 Est. Cost $43.72 Unrealized +72.2%
MSG Networks, Inc. 2.1%
Value ($000) $181,875 Shares 8,981,457 Est. Cost $19.37 Unrealized
KKR & Co. L.P. 1.9%
Value ($000) $169,848 Shares 8,064,945 Est. Cost $18.26 Unrealized
JLL JLL 1.9%
Value ($000) $167,693 Shares 1,125,985 Est. Cost $96.28 Unrealized +45.0%
Interpublic Group of Cos., Inc. 1.8%
Value ($000) $160,789 Shares 7,975,621 Est. Cost $10.00 Unrealized +44.3%
GILD Gilead Sciences, Inc. 1.8%
Value ($000) $160,211 Shares 2,236,337 Est. Cost $58.90 Unrealized -5.1%
U.S. Silica Holdings, Inc. 1.8%
Value ($000) $159,544 Shares 4,899,994 Est. Cost $31.37 Unrealized
ZBRA Zebra Technologies Corp. 1.7%
Value ($000) $155,007 Shares 1,493,325 Est. Cost $63.50 Unrealized +71.2%
CRL Charles River Laboratories Intl, Inc. 1.7%
Value ($000) $148,107 Shares 1,353,195 Est. Cost $56.15 Unrealized +93.8%
JNJ Johnson & Johnson 1.6%
Value ($000) $141,512 Shares 1,012,823 Est. Cost $74.96 Unrealized +48.1%
MAT Mattel, Inc. 1.6%
Value ($000) $140,744 Shares 9,151,114 Est. Cost $22.62 Unrealized -29.9%
Bristow Group, Inc. 1.6%
Value ($000) $138,251 Shares 10,263,651 Est. Cost $40.74 Unrealized
SNA Snap-On, Inc. 1.5%
Value ($000) $135,395 Shares 776,792 Est. Cost $78.10 Unrealized +68.4%
ZBH Zimmer Biomet Holdings, Inc. 1.4%
Value ($000) $121,330 Shares 1,005,470 Est. Cost $80.69 Unrealized +31.1%
Nielsen Holdings plc 1.3%
Value ($000) $119,486 Shares 3,282,583 Est. Cost $39.60 Unrealized
AFL AFLAC, Inc. 1.3%
Value ($000) $116,659 Shares 1,328,988 Est. Cost $21.49 Unrealized +64.3%
CBRE CBRE Group, Inc. 1.3%
Value ($000) $113,426 Shares 2,618,932 Est. Cost $24.88 Unrealized +66.6%
NOK Nokia Corp. ADR 1.3%
Value ($000) $112,799 Shares 24,205,746 Est. Cost $5.93 Unrealized
PM Philip Morris Intl, Inc. 1.3%
Value ($000) $112,271 Shares 1,062,666 Est. Cost $59.37 Unrealized +17.2%
BRK/B Berkshire Hathaway Inc. 1.3%
Value ($000) $111,481 Shares 562,411 Est. Cost $147.45 Unrealized +28.8%
TGNA TEGNA, Inc. 1.2%
Value ($000) $105,611 Shares 7,500,773 Est. Cost $16.27 Unrealized -19.6%
Viacom, Inc. 1.2%
Value ($000) $104,668 Shares 3,397,206 Est. Cost $43.45 Unrealized
SWK Stanley Black & Decker, Inc. 1.1%
Value ($000) $98,886 Shares 582,745 Est. Cost $59.66 Unrealized +119.3%
SSD Simpson Manufacturing Co., Inc. 1.1%
Value ($000) $98,777 Shares 1,720,558 Est. Cost $25.88 Unrealized +96.8%
JHG Janus Henderson Group plc 1.1%
Value ($000) $96,818 Shares 2,530,520 Est. Cost $32.71 Unrealized +10.3%
Dun & Bradstreet Corp. 1.0%
Value ($000) $92,275 Shares 779,286 Est. Cost $98.66 Unrealized
AXP American Express Co. 1.0%
Value ($000) $90,893 Shares 915,248 Est. Cost $57.15 Unrealized +49.2%
WU Western Union Co. 1.0%
Value ($000) $90,606 Shares 4,766,217 Est. Cost $17.09 Unrealized
Anixter Intl, Inc. 1.0%
Value ($000) $90,598 Shares 1,192,076 Est. Cost $72.40 Unrealized
MTS Systems Corp. 1.0%
Value ($000) $90,216 Shares 1,680,002 Est. Cost $62.70 Unrealized
BRC Brady Corp. 1.0%
Value ($000) $87,102 Shares 2,298,208 Est. Cost $23.05 Unrealized +44.6%
RCL Royal Caribbean Cruises Ltd. 0.9%
Value ($000) $82,987 Shares 695,736 Est. Cost $39.19 Unrealized +191.8%
SLB Schlumberger Ltd. 0.9%
Value ($000) $81,326 Shares 1,206,793 Est. Cost $54.23 Unrealized -5.5%
BWA BorgWarner, Inc. 0.9%
Value ($000) $81,256 Shares 1,590,457 Est. Cost $26.02 Unrealized +56.5%
CVSA Adtalem Global Education, Inc. 0.9%
Value ($000) $79,580 Shares 1,892,503 Est. Cost $37.28 Unrealized +5.1%
International Speedway Corp. 0.9%
Value ($000) $79,436 Shares 1,993,379 Est. Cost $31.79 Unrealized
National Oilwell Varco 0.9%
Value ($000) $75,862 Shares 2,106,100 Est. Cost $48.76 Unrealized
OMC Omnicom Group, Inc. 0.9%
Value ($000) $75,746 Shares 1,040,043 Est. Cost $44.56 Unrealized +20.2%
ITW Illinois Tool Works, Inc. 0.8%
Value ($000) $73,138 Shares 438,343 Est. Cost $51.63 Unrealized +153.4%
TMO Thermo Fisher Scientific, Inc. 0.8%
Value ($000) $70,435 Shares 370,944 Est. Cost $84.62 Unrealized +121.5%
HLI Houlihan Lokey, Inc. 0.8%
Value ($000) $69,646 Shares 1,533,036 Est. Cost $21.99 Unrealized +64.8%
MSGS The Madison Square Garden Co. 0.7%
Value ($000) $66,111 Shares 313,545 Est. Cost $120.27 Unrealized +28.4%
BIO Bio-Rad Laboratories, Inc. 0.7%
Value ($000) $63,849 Shares 267,520 Est. Cost $117.90 Unrealized +105.5%
GlaxoSmithKline plc ADR 0.7%
Value ($000) $63,124 Shares 1,779,641 Est. Cost $47.09 Unrealized
WTW Willis Towers Watson plc 0.7%
Value ($000) $62,048 Shares 411,762 Est. Cost $103.71 Unrealized +36.0%
Nordstrom, Inc. 0.7%
Value ($000) $61,741 Shares 1,303,102 Est. Cost $52.44 Unrealized
FLR Fluor Corp. 0.7%
Value ($000) $60,357 Shares 1,168,574 Est. Cost $44.76 Unrealized -2.1%
MHK Mohawk Industries, Inc. 0.7%
Value ($000) $59,114 Shares 214,260 Est. Cost $114.46 Unrealized +134.4%
China Mobile Ltd. ADR 0.7%
Value ($000) $58,393 Shares 1,155,391 Est. Cost $54.10 Unrealized
Meredith Corp. 0.6%
Value ($000) $54,819 Shares 829,958 Est. Cost $47.66 Unrealized
Core Laboratories N.V. 0.6%
Value ($000) $54,129 Shares 494,100 Est. Cost $109.42 Unrealized
Pioneer Natural Resources Co 0.6%
Value ($000) $53,461 Shares 309,292 Est. Cost $160.42 Unrealized
PGR Progressive Corp. 0.6%
Value ($000) $53,328 Shares 946,873 Est. Cost $22.97 Unrealized +74.0%
CAH Cardinal Health, Inc. 0.6%
Value ($000) $52,803 Shares 861,809 Est. Cost $58.13 Unrealized -16.6%
CBS Corp. 0.6%
Value ($000) $51,932 Shares 880,199 Est. Cost $49.90 Unrealized
LFUS Littelfuse, Inc. 0.6%
Value ($000) $51,022 Shares 257,920 Est. Cost $72.19 Unrealized +177.7%
VEA Vanguard FTSE Developed ETF 0.5%
Value ($000) $48,341 Shares 1,077,603 Est. Cost $39.78 Unrealized
EOG EOG Resources Inc. 0.5%
Value ($000) $45,769 Shares 424,143 Est. Cost $63.26 Unrealized +19.2%
COST Costco Wholesale Corp. 0.5%
Value ($000) $43,648 Shares 234,513 Est. Cost $135.27 Unrealized +14.2%
BOKF BOK Financial Corp. 0.5%
Value ($000) $43,147 Shares 467,367 Est. Cost $58.96 Unrealized +21.6%
OXY Occidental Petroleum Corp. 0.5%
Value ($000) $43,044 Shares 584,359 Est. Cost $51.62 Unrealized +6.8%
SO Southern Co. 0.5%
Value ($000) $42,548 Shares 884,757 Est. Cost $30.64 Unrealized +19.0%
VZ Verizon Communications Inc. 0.5%
Value ($000) $42,453 Shares 802,066 Est. Cost $28.07 Unrealized +13.8%
FICO Fair Isaac Corp. 0.5%
Value ($000) $41,780 Shares 272,713 Est. Cost $47.20 Unrealized +220.7%
Rosetta Stone Inc. 0.4%
Value ($000) $38,404 Shares 3,079,704 Est. Cost $11.66 Unrealized
TROW T. Rowe Price Group, Inc. 0.4%
Value ($000) $35,201 Shares 335,472 Est. Cost $49.62 Unrealized +44.6%
Team, Inc. 0.4%
Value ($000) $34,621 Shares 2,323,566 Est. Cost $28.00 Unrealized
Blackstone Group L.P. 0.4%
Value ($000) $31,303 Shares 977,615 Est. Cost $23.18 Unrealized
CNTY Century Casinos, Inc. 0.3%
Value ($000) $29,275 Shares 3,206,500 Est. Cost $5.70 Unrealized +52.5%
SRE Sempra Energy 0.3%
Value ($000) $29,139 Shares 272,533 Est. Cost $39.72 Unrealized +12.2%
Cowen Inc. 0.3%
Value ($000) $29,062 Shares 2,129,096 Est. Cost $15.04 Unrealized
BSAC Banco Santander-Chile ADR 0.3%
Value ($000) $26,423 Shares 845,001 Est. Cost $21.20 Unrealized
TS Tenaris ADR 0.3%
Value ($000) $25,319 Shares 794,700 Est. Cost $29.84 Unrealized
RealNetworks, Inc. 0.3%
Value ($000) $24,748 Shares 7,236,402 Est. Cost $6.26 Unrealized
DGX Quest Diagnostics Inc. 0.3%
Value ($000) $24,439 Shares 248,132 Est. Cost $65.09 Unrealized +23.9%
Atlas Financial Holdings, Inc. 0.3%
Value ($000) $24,183 Shares 1,176,802 Est. Cost $17.52 Unrealized
TILE Interface, Inc. 0.3%
Value ($000) $23,363 Shares 928,943 Est. Cost $17.79 Unrealized +31.7%
ORBCOMM, Inc. 0.3%
Value ($000) $23,200 Shares 2,278,944 Est. Cost $6.31 Unrealized
Discover Financial Services 0.3%
Value ($000) $22,248 Shares 289,240 Est. Cost $63.63 Unrealized
BCO Brink's Co. 0.2%
Value ($000) $22,074 Shares 280,485 Est. Cost $23.28 Unrealized +218.6%
Sotheby's 0.2%
Value ($000) $21,642 Shares 419,425 Est. Cost $37.48 Unrealized
ICE IntercontinentalExchange, Inc. 0.2%
Value ($000) $20,910 Shares 296,345 Est. Cost $61.14 Unrealized +1.1%
USB U.S. Bancorp 0.2%
Value ($000) $20,776 Shares 387,748 Est. Cost $29.28 Unrealized +33.4%
Telenav Inc. 0.2%
Value ($000) $19,854 Shares 3,609,773 Est. Cost $5.99 Unrealized
Kindred Biosciences, Inc. 0.2%
Value ($000) $18,480 Shares 1,955,552 Est. Cost $5.32 Unrealized
PCTEL, Inc. 0.2%
Value ($000) $17,909 Shares 2,430,032 Est. Cost $7.97 Unrealized
XO Group Inc. 0.2%
Value ($000) $17,579 Shares 952,279 Est. Cost $11.95 Unrealized
Safeguard Scientifics Inc. 0.2%
Value ($000) $16,815 Shares 1,501,367 Est. Cost $12.25 Unrealized
CSWC Capital Southwest Corp. 0.2%
Value ($000) $16,696 Shares 1,008,803 Est. Cost $5.09 Unrealized +28.2%
ACWX ISHARES MSCI ACWI EX US ETF 0.2%
Value ($000) $15,075 Shares 301,792 Est. Cost $41.88 Unrealized
GSIT GSI Technology Inc. 0.2%
Value ($000) $14,937 Shares 1,876,484 Est. Cost $6.12 Unrealized +24.1%
Contango Oil & Gas Co. 0.2%
Value ($000) $14,899 Shares 3,163,269 Est. Cost $30.15 Unrealized
MEI Methode Electronics Inc. 0.2%
Value ($000) $14,580 Shares 363,583 Est. Cost $36.99 Unrealized 0.0%
Ballantyne Strong, Inc. 0.2%
Value ($000) $13,431 Shares 2,888,434 Est. Cost $5.13 Unrealized
Edgewater Technology Inc. 0.1%
Value ($000) $12,186 Shares 1,952,908 Est. Cost $5.63 Unrealized
STRT Strattec Security Corp. 0.1%
Value ($000) $12,040 Shares 276,457 Est. Cost $38.94 Unrealized +6.5%
TRC Tejon Ranch Co. 0.1%
Value ($000) $11,745 Shares 565,739 Est. Cost $20.44 Unrealized +0.9%
SeaChange Intl, Inc. 0.1%
Value ($000) $11,517 Shares 2,930,417 Est. Cost $5.69 Unrealized
ACTG Acacia Research Corp. 0.1%
Value ($000) $11,359 Shares 2,804,686 Est. Cost $12.15 Unrealized -65.1%
HMN Horace Mann Educators Corp. 0.1%
Value ($000) $11,149 Shares 252,807 Est. Cost $24.02 Unrealized +81.7%
GRBK Green Brick Partners Inc. 0.1%
Value ($000) $10,897 Shares 964,341 Est. Cost $9.35 Unrealized +17.4%
ALOT AstroNova, Inc. 0.1%
Value ($000) $10,329 Shares 745,767 Est. Cost $10.93 Unrealized +15.4%
180 Degree Capital Corp 0.1%
Value ($000) $10,285 Shares 5,220,715 Est. Cost $1.54 Unrealized
TechTarget, Inc. 0.1%
Value ($000) $10,169 Shares 730,560 Est. Cost $8.46 Unrealized
IEX IDEX Corp. 0.1%
Value ($000) $10,022 Shares 75,942 Est. Cost $45.88 Unrealized +154.2%
ORCL Oracle Corp. 0.1%
Value ($000) $10,008 Shares 211,679 Est. Cost $31.78 Unrealized +36.9%
Barrick Gold Corp. 0.1%
Value ($000) $9,989 Shares 690,291 Est. Cost $15.92 Unrealized
Emcore Corporation 0.1%
Value ($000) $9,949 Shares 1,542,419 Est. Cost $6.43 Unrealized
TPR Tapestry, Inc. 0.1%
Value ($000) $9,602 Shares 217,101 Est. Cost $32.95 Unrealized 0.0%
Mitcham Industries, Inc. 0.1%
Value ($000) $9,505 Shares 2,998,392 Est. Cost $15.19 Unrealized
LMT Lockheed Martin Corp. 0.1%
Value ($000) $9,247 Shares 28,802 Est. Cost $74.37 Unrealized +240.9%
Synacor, Inc. 0.1%
Value ($000) $8,689 Shares 3,777,912 Est. Cost $3.13 Unrealized
MATW Matthews Intl Corp. 0.1%
Value ($000) $8,312 Shares 157,426 Est. Cost $28.28 Unrealized +63.2%
Hanger, Inc. 0.1%
Value ($000) $7,737 Shares 491,208 Est. Cost $16.03 Unrealized
Perceptron, Inc. 0.1%
Value ($000) $7,669 Shares 790,617 Est. Cost $9.70 Unrealized
XOM Exxon Mobil Corp. 0.1%
Value ($000) $7,560 Shares 90,385 Est. Cost $54.96 Unrealized +3.9%
CARS Cars.com Inc. 0.1%
Value ($000) $7,397 Shares 256,499 Est. Cost $26.86 Unrealized -3.7%
CRAI CRA International, Inc. 0.1%
Value ($000) $7,304 Shares 162,498 Est. Cost $19.74 Unrealized +97.3%
GIFI Gulf Island Fabrication, Inc. 0.1%
Value ($000) $7,254 Shares 540,319 Est. Cost $11.11 Unrealized +13.8%
MOS Mosaic Co. 0.1%
Value ($000) $7,252 Shares 282,630 Est. Cost $31.06 Unrealized -35.0%
JPM JPMorgan Chase & Co. 0.1%
Value ($000) $7,212 Shares 67,440 Est. Cost $40.13 Unrealized +102.6%
IBM International Business Machines Corp. 0.1%
Value ($000) $7,202 Shares 46,946 Est. Cost $113.81 Unrealized -10.3%
TSCO Tractor Supply 0.1%
Value ($000) $7,014 Shares 93,836 Est. Cost $11.95 Unrealized -5.2%
CPIX Cumberland Pharmaceuticals, Inc. 0.1%
Value ($000) $6,698 Shares 910,076 Est. Cost $4.95 Unrealized +48.8%
Foot Locker, Inc. 0.1%
Value ($000) $6,572 Shares 140,193 Est. Cost $46.88 Unrealized
Glu Mobile Inc. 0.1%
Value ($000) $6,527 Shares 1,793,088 Est. Cost $2.20 Unrealized
IWN iShares Russell 2000V ETF 0.1%
Value ($000) $6,013 Shares 47,818 Est. Cost $125.75 Unrealized
MOV Movado Group Inc. 0.1%
Value ($000) $5,851 Shares 181,700 Est. Cost $24.41 Unrealized +18.7%
GS Goldman Sachs Group, Inc. 0.1%
Value ($000) $5,776 Shares 22,671 Est. Cost $122.86 Unrealized +67.0%
CVU CPI Aerostructures, Inc. 0.1%
Value ($000) $5,715 Shares 638,543 Est. Cost $11.24 Unrealized -20.1%
NVS Novartis AG ADR 0.1%
Value ($000) $5,712 Shares 68,028 Est. Cost $79.15 Unrealized
BK Bank of New York Mellon Corp. 0.1%
Value ($000) $5,560 Shares 103,226 Est. Cost $21.95 Unrealized +94.3%
Spartan Motors Inc. 0.1%
Value ($000) $5,517 Shares 350,295 Est. Cost $5.80 Unrealized
MB Financial, Inc. 0.1%
Value ($000) $5,489 Shares 123,296 Est. Cost $34.29 Unrealized
Santander Mexico Financial Group ADR 0.1%
Value ($000) $5,459 Shares 746,773 Est. Cost $9.12 Unrealized
ASPN Aspen Aerogels Inc. 0.1%
Value ($000) $5,324 Shares 1,090,898 Est. Cost $4.94 Unrealized -5.8%
Pandora Media, Inc. 0.1%
Value ($000) $4,922 Shares 1,021,135 Est. Cost $8.37 Unrealized
EXPD Expeditors Intl of Washington 0.1%
Value ($000) $4,912 Shares 75,937 Est. Cost $53.49 Unrealized +3.7%
LFCR Landec Corp. 0.1%
Value ($000) $4,652 Shares 369,233 Est. Cost $12.29 Unrealized +2.9%
GAIA Gaia, Inc. 0.1%
Value ($000) $4,642 Shares 374,393 Est. Cost $7.94 Unrealized +56.2%
Orion Energy Systems, Inc. 0.1%
Value ($000) $4,635 Shares 5,267,011 Est. Cost $2.63 Unrealized
Apache Corp. 0.1%
Value ($000) $4,491 Shares 106,376 Est. Cost $68.43 Unrealized
CME CME Group Inc. 0.0%
Value ($000) $4,368 Shares 29,910 Est. Cost $77.61 Unrealized +35.9%
AutoWeb Inc. 0.0%
Value ($000) $3,665 Shares 406,783 Est. Cost $9.01 Unrealized
Manning & Napier, Inc. 0.0%
Value ($000) $3,470 Shares 963,858 Est. Cost $12.92 Unrealized
Digirad Corp. 0.0%
Value ($000) $3,149 Shares 1,222,819 Est. Cost $3.28 Unrealized
ACN Accenture plc 0.0%
Value ($000) $3,119 Shares 20,374 Est. Cost $95.55 Unrealized +34.6%
VT Vanguard Total World Stock Index Fd (ETF) 0.0%
Value ($000) $3,055 Shares 41,144 Est. Cost $61.25 Unrealized
TRIP TripAdvisor Inc 0.0%
Value ($000) $2,744 Shares 79,628 Est. Cost $41.60 Unrealized -22.8%
American Electric Technologies, Inc. 0.0%
Value ($000) $2,351 Shares 1,567,506 Est. Cost $6.36 Unrealized
AXTI AXT Inc. 0.0%
Value ($000) $2,148 Shares 246,890 Est. Cost $2.56 Unrealized +256.7%
IWM iShares Russell 2000 ETF 0.0%
Value ($000) $2,089 Shares 13,700 Est. Cost $140.92 Unrealized
GHC Graham Holdings Co. 0.0%
Value ($000) $1,858 Shares 3,327 Est. Cost $342.08 Unrealized +52.5%
NTT Docomo Inc. ADR 0.0%
Value ($000) $1,829 Shares 76,950 Est. Cost $22.98 Unrealized
AYI Acuity Brands 0.0%
Value ($000) $1,581 Shares 8,984 Est. Cost $171.57 Unrealized -5.7%
RBCN Rubicon Technology, Inc. 0.0%
Value ($000) $1,459 Shares 182,827 Est. Cost $8.53 Unrealized -4.3%
Vical Inc. 0.0%
Value ($000) $1,167 Shares 637,913 Est. Cost $3.51 Unrealized
MA MasterCard Inc. 0.0%
Value ($000) $1,129 Shares 7,461 Est. Cost $113.06 Unrealized +25.8%
Dover Motorsports, Inc. 0.0%
Value ($000) $948 Shares 486,009 Est. Cost $2.30 Unrealized
GlassBridge Enterprises Inc. 0.0%
Value ($000) $919 Shares 988,549 Est. Cost $4.37 Unrealized
SNY Sanofi-Aventis 0.0%
Value ($000) $765 Shares 17,790 Est. Cost $45.24 Unrealized
PCYO Pure Cycle Corp. 0.0%
Value ($000) $509 Shares 60,970 Est. Cost $7.52 Unrealized 0.0%
FFIV F5 Networks, Inc. 0.0%
Value ($000) $414 Shares 3,152 Est. Cost $131.00 Unrealized -5.2%
FAST Fastenal Co. 0.0%
Value ($000) $301 Shares 5,505 Est. Cost $8.67 Unrealized +15.7%