13F filing recap · Q1 2014

What did First Pacific Advisors buy in Q1 2014?

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

$11.41B

Positions

139

Estimated turnover

11.0%

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

VODVodafone Group Public Ltd Co$91.97Mreported value+2.50M shares LUKOYPjsc Lukoil$42.31Mreported value+761.5K shares OGZDGazprom Pjsc$34.23Mreported value+4.45M shares ROSNRosneft Oil Company Pjsc$31.63Mreported value+4.75M shares UPBDUpbound Group, Inc$26.21Mreported value+985.3K shares WACDitech Holding Corporation$23.86Mreported value+800.0K shares BBBYBed Bath & Beyond, Inc.$16.93Mreported value+246.1K shares AGCOAgco Corp /de$14.01Mreported value+254.0K shares OUTROuterwall Inc.$7.25Mreported value+100.0K shares EZPWEzcorp Inc$3.21Mreported value+297.5K shares GAZGazprom Neft Pjsc$580.0Kreported value+28.2K shares MIGMeadowbrook Insurance Group Inc$79.0Kreported value+13.6K shares PRAAPra Group, Inc$12.0Kreported value+200 shares TSSTotal System Services Inc$12.0Kreported value+400 shares

Increased positions

MSFTMicrosoft Corporation$691.68Mreported value+13.3K shares+0.1%ORCLOracle Corporation$639.46Mreported value+1.03M shares+7.0%CVSCVS Health Corp$559.26Mreported value+19.7K shares+0.3%AONAon Plc$556.81Mreported value+264.5K shares

Reduced positions

TMOThermo Fisher Scientific Inc.$421.94Mreported value-402.8K shares-10.3%COVCovidien Plc$381.89Mreported value-162.3K shares-3.0%GOOGLAlphabet Inc.$255.97Mreported value-41.4K shares-15.3%CNQCanadian Natural Resources Limited$219.34Mreported value-2.2K shares

Exited positions

VODVodafone Group Public Ltd Co$179.59Mprior reported value-4.57M shares-100.0%LIFELife Technologies Corporation$21.84Mprior reported value-288.2K shares-100.0%SPLSStaples Inc$5.99Mprior reported value-376.9K shares-100.0%PKYParkway Properties, Inc.$5.64Mprior reported value