13F filing recap · Q4 2013

What did First Pacific Advisors buy in Q4 2013?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every FPA-managed account, including accounts that belong to no fund below.

Stock value

$10.59B

Positions

133

Estimated turnover

12.9%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

JOYJoy Global Inc$81.49Mreported value+1.39M shares NENoble Corporation Plc$32.25Mreported value+860.7K shares TSMTaiwan Semiconductor Manufacturing$23.31Mreported value+1.34M shares TWITitan International, Inc.$15.25Mreported value+848.1K shares ACNAccenture Plc$11.39Mreported value+138.5K shares LHLabcorp Holdings Inc.$7.72Mreported value+84.5K shares SPLSStaples Inc$5.99Mreported value+376.9K shares PDCOPatterson Companies Inc$5.60Mreported value+136.0K shares ROSTRoss Stores, Inc.$4.72Mreported value+63.0K shares EBAYEbay Inc.$4.36Mreported value+79.5K shares MCDMcdonald’s Corporation$4.22Mreported value+43.5K shares FTDCQFtd Companies, Inc.$1.11Mreported value+34.0K shares UNTDUnited Online, Inc.$611.0Kreported value+44.4K shares

Increased positions

MSFTMicrosoft Corporation$631.11Mreported value+219.5K shares+1.3%ORCLOracle Corporation$558.68Mreported value+3.12M shares+27.2%CVSCVS Health Corp$533.27Mreported value+83.7K shares+1.1%TMOThermo Fisher Scientific Inc.$435.59Mreported value+5.8K shares

Reduced positions

AONAon Plc$532.05Mreported value-507.7K shares-7.4%COVCovidien Plc$364.12Mreported value-39.7K shares-0.7%BUDAnheuser-Busch Inbev Sa/nv$218.17Mreported value-45.0K shares-2.1%AVTAvnet, Inc.$162.27Mreported value-168.5K shares

Exited positions

ITTItt Inc.$43.69Mprior reported value-1.22M shares-100.0%LOWLowe’s Companies, Inc.$43.05Mprior reported value-904.2K shares-100.0%NENoble Corporation Plc$35.16Mprior reported value-930.8K shares-100.0%MWWMonster Worldwide Inc$5.59Mprior reported value-1.26M shares