13F Filing
First Pacific Advisors, LP
Los Angeles-based investment manager known for the FPA Crescent Fund led by Steven Romick, running a flexible, go-anywhere absolute-value strategy that mixes equities, credit, and cash with a strong focus on capital preservation.
Filed2026.08.14
FilingCurrent Portfolio
$8.09B
Previous Portfolio
$7.14B
Change
+13.30%
Holdings
ADIANALOG DEVICES INCReduced$634.9M7.85%
GOOGLALPHABET INCReduced$503.4M6.22%
GOOGALPHABET INCIncreased$471.1M5.82%
IFFINTERNATIONAL FLAVORS&FRAGRAIncreased$432.2M5.34%
CCITIGROUP INCReduced$422.2M5.22%
METAMETA PLATFORMS INCReduced$383.0M4.73%
AMZNAMAZON COM INCReduced$324.3M4.01%
BDXBECTON DICKINSON & COIncreased$319.4M3.95%
TELTE CONNECTIVITY PLCReduced$312.7M3.87%
AJGGALLAGHER ARTHUR J & COIncreased$306.8M3.79%
| # | Company | % of Portfolio | Activity | Market Value | Shares | Change | Sector |
|---|---|---|---|---|---|---|---|
| 1 |  ADI ANALOG DEVICES INC | 7.85% | Reduced | $634.9M | 1,598,506 | −124,629 | Information Technology |
| 2 |  GOOGL ALPHABET INC | 6.22% | Reduced | $503.4M | 1,408,518 | −274,975 | Communication Services |
| 3 |  GOOG ALPHABET INC | 5.82% | Increased | $471.1M | 1,333,205 | +48 | Communication Services |
| 4 |  IFF INTERNATIONAL FLAVORS&FRAGRA | 5.34% | Increased | $432.2M | 5,455,081 | +45,156 | Materials |
| 5 |  C CITIGROUP INC | 5.22% | Reduced | $422.2M | 3,016,828 | −158,384 | Financials |
| 6 |  META META PLATFORMS INC | 4.73% | Reduced | $383.0M | 679,884 | −729 | Communication Services |
| 7 |  AMZN AMAZON COM INC | 4.01% | Reduced | $324.3M | 1,360,585 | −55,634 | Consumer Discretionary |
| 8 |  BDX BECTON DICKINSON & CO | 3.95% | Increased | $319.4M | 2,110,794 | +130,354 | Health Care |
| 9 |  TEL TE CONNECTIVITY PLC | 3.87% | Reduced | $312.7M | 1,551,105 | −99,752 | Information Technology |
| 10 |  AJG GALLAGHER ARTHUR J & CO | 3.79% | Increased | $306.8M | 1,336,290 | +948,603 | Financials |
Portfolio Changes
Buy Positions
New Buy
Current 1.33%
+564,781Shares
Current 1.07%
+331,964Shares
Current 1.06%
+555,426Shares
Current 0.65%
+827,379Shares
Current 0.07%
+145,470Shares
Additional Buy
0%
+48Shares
+0.83%
+45,156Shares
+6.58%
+130,354Shares
+244.68%
+948,603Shares
+0.98%
+84,101Shares
Sell Positions
Full Exit
Full Exit
0Shares
Full Exit
0Shares
Full Exit
0Shares
Full Exit
0Shares
Full Exit
0Shares
Partial Exit
−7.23%
−124,629Shares
−16.33%
−274,975Shares
−4.99%
−158,384Shares
−0.11%
−729Shares
−3.93%
−55,634Shares
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