Charles Bobrinskoy - Ariel Focus Fund

History Stock Activity Share change % change to portfolio
Q1  2008
HD - Home Depot Sell 100.00% 57,600 3.79
HRB - H&R Block Inc. Sell 100.00% 79,400 3.60
STZ - Constellation Brands Sell 100.00% 44,300 2.56
Q4  2007
AFL - AFLAC Inc. Reduce 22.32% 15,800 1.21
BRK.B - Berkshire Hathaway CL B Reduce 35.89% 15,000 3.47
STZ - Constellation Brands Reduce 56.91% 58,500 3.38
PFE - Pfizer Inc. Sell 100.00% 43,300 2.50
Q3  2007
DELL-OLD - Dell Inc. Reduce 1.72% 1,500 0.10
PFE - Pfizer Inc. Reduce 7.68% 3,600 0.21
IBM - International Business Machines Reduce 9.64% 2,700 0.75
HEW - Hewitt Associates Inc. CL A Reduce 49.60% 30,900 2.57
TYC - Tyco International Ltd. Reduce 75.00% 58,725 6.15
Q2  2007
ACN - Accenture Reduce 16.39% 7,000 0.73
HRB - H&R Block Inc. Reduce 28.34% 31,400 1.79
MS - Morgan Stanley Sell 100.00% 13,800 3.07
Q1  2007
MS - Morgan Stanley Reduce 18.82% 3,200 0.71
HEW - Hewitt Associates Inc. Reduce 21.61% 16,600 1.37
PFE - Pfizer Inc. Reduce 28.01% 17,000 1.21
OMC - Omnicom Group Reduce 43.85% 11,400 1.65
GCI - Gannett Co. Sell 100.00% 22,700 4.19