13F filing recap · Q3 2014

What did First Pacific Advisors buy in Q3 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

$12.00B

Positions

127

Estimated turnover

10.5%

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

YHOOAltaba Inc.$122.25Mreported value+3.00M shares PARRPar Pacific Holdings, Inc.$206.0Kreported value+12.2K shares

Increased positions

ORCLOracle Corporation$637.19Mreported value+835.2K shares+5.3%CVSCVS Health Corp$602.17Mreported value+68.8K shares+0.9%AONAon Plc$583.80Mreported value+52.4K shares+0.8%TMOThermo Fisher Scientific Inc.$432.00Mreported value+28.5K shares

Reduced positions

MSFTMicrosoft Corporation$744.23Mreported value-865.0K shares-5.1%COVCovidien Plc$413.05Mreported value-48.2K shares-1.0%ARRSArris Group Inc$300.17Mreported value-999.1K shares-8.6%WLPWellpoint Inc$190.81Mreported value-687.7K shares

Exited positions

NFXNewfield Exploration Company$62.06Mprior reported value-1.40M shares-100.0%PTENPatterson Uti Energy Inc$43.56Mprior reported value-1.25M shares-100.0%ECHOEchostar Corporation$5.31Mprior reported value-100.3K shares-100.0%ROSTRoss Stores, Inc.$4.17Mprior reported value-63.0K shares