Value investing firm Ariel Investments, led by founder John Rogers, significantly reduced its holdings in Algonquin Power & Utilities Corp. during the second quarter of 2026. According to a quarterly disclosure filed with the SEC, Ariel's position was cut by 66.35%, from 19.64 million shares down to 6.61 million. This disclosure, filed on August 14, 2026, reflects trades made between March 31 and June 30 of the same year.
The reduction lowered Algonquin Power's weight in Ariel's reported portfolio from 1.35% to 0.39%. During the period of the sale, Algonquin Power & Utilities reported a year-over-year decline in its second-quarter adjusted net earnings, citing higher costs. The company's earnings per share for the quarter also missed analyst expectations. No specific commentary from Ariel Investments regarding the reason for the sale was publicly available.