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John W. Rogers Jr.'s Ariel Appreciation Fund exited its entire TAP position, held for ~7 years.

Sold out of a position that was 333,417 shares worth $14.36M as of the previous filing.
Published · Based on SEC filings

Medium impact
Position exited
2026 Q2

Molson Coors Brewing Co, CL-B (TAP) is gone from John W. Rogers Jr.'s Ariel Appreciation Fund portfolio as of June 30, 2026, according to the NPORT-P filed with the SEC on August 20, 2026. A quarter earlier the position was 333K shares worth about $14.4M, or 1.64% of the reported book. TAP had been in the portfolio for about 7 years, since the quarter ended September 30, 2019.

What did the 2026 Q2 filing report for TAP?

As of June 30, 2026, from the NPORT-P filed August 20, 2026.

Before After
Shares 333K 0
Reported value $14.4M $0
Portfolio weight 1.64% 0%
Held since 2019 Q3 sold out in 2026 Q2
Quarters held 27

What did John W. Rogers Jr. sell?

John W. Rogers Jr. sold 333K shares of TAP between the quarter ended March 31, 2026 and June 30, 2026. The TAP exit was the 7th largest of the quarter's 39 position changes by percent change to portfolio.

Where does TAP sit in the John W. Rogers Jr. portfolio?

Before the sale, TAP carried 1.64% of the John W. Rogers Jr. portfolio, below the fund's average stock position of 2%. The largest stock position is CRL at 4.05%. Next come MSGE at 3.41% and OSW at 3.39%. The three largest stocks together are 10.84% of the book. Across the 2026 Q2 portfolio, John W. Rogers Jr. reported 45 stock positions, with 5 opened and 3 closed. The total portfolio value is about $959.5M, up 10% from the prior quarter.

John W. Rogers Jr. buys and sells, 2026 Q2

How long has John W. Rogers Jr. held TAP?

John W. Rogers Jr. held TAP for about 7 years, from the quarter ended September 30, 2019 to March 31, 2026. The weight peaked at 2.15% in 2025 Q1. Last quarter the fund had added to the position by 6%. Every reported trade is on the John W. Rogers Jr. TAP trade history page.

John W. Rogers Jr. shares of TAP by quarter

Did other funds buy or sell TAP in 2026 Q2?

Among the other tracked funds that had filed for 2026 Q2 as of August 20, 2026, 3 still hold TAP. The largest buyers of TAP this quarter were Prem Watsa, Tweedy and Browne Co All Funds (US). Every tracked holder of TAP is on the TAP ownership page.

FAQ

How many TAP shares did John W. Rogers Jr. sell?

John W. Rogers Jr. sold all 333K shares of TAP it reported a quarter earlier, worth about $14.4M.

When did John W. Rogers Jr. first buy TAP?

John W. Rogers Jr. first reported TAP in the quarter ended September 30, 2019.

How much of the John W. Rogers Jr. portfolio was TAP?

TAP was 1.64% of the John W. Rogers Jr. portfolio at the prior quarter-end, and 0% after the sale.

Did other funds sell TAP in 2026 Q2?

No other tracked fund sold out of TAP or trimmed it in 2026 Q2; 3 still hold it.

Source: based on original SEC filings

Figures are from the fund's N-PORT report, which lists its positions at period-end values.
Stocks mentioned
Alan Irwin
Alan Irwin
Valuesider analyst