John W. Rogers Jr. acquired 15M Madison Square Garden Entertainment Corp. shares worth $606M. It makes up 6.35% of their stock portfolio and is their biggest holding. The investor owns 31.37% of the outstanding Madison Square Garden Entertainment Corp. stock. The first Madison Square Garden Entertainment Corp. trade was made in Q2 2020. Since then John W. Rogers Jr. bought shares fourteen more times and sold shares on six occasions. The investor's estimated purchase price is $812M, resulting in a loss of 25%.
Ariel Investments, an investment management company, released its ¡°Ariel Fund¡± first-quarter 2024 investor letter. A copy of the same can be downloaded here....