13F filing recap · Q2 2015

What did First Pacific Advisors buy in Q2 2015?

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

$12.25B

Positions

119

Estimated turnover

7.4%

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

LPLALpl Financial Holdings Inc.$123.97Mreported value+2.67M shares BKSBarnes & Noble Inc$4.03Mreported value+155.2K shares

Increased positions

ORCLOracle Corporation$817.37Mreported value+1.18M shares+6.2%MSFTMicrosoft Corporation$727.55Mreported value+139.4K shares+0.9%AONAon Plc$712.84Mreported value+53.6K shares+0.8%CCitigroup Inc$531.33Mreported value+116.4K shares

Reduced positions

CVSCVS Health Corp$484.70Mreported value-8.0K shares-0.2%ARRSArris Group Inc$304.09Mreported value-598.5K shares-5.7%ROSERosetta Resources Inc.$94.47Mreported value-1.46M shares-26.4%AVTAvnet, Inc.$93.66Mreported value-340.6K shares

Exited positions

INTCIntel Corp$60.37Mprior reported value-1.93M shares-100.0%TRNTrinity Industries Inc$28.64Mprior reported value-806.5K shares-100.0%CNCCentene Corporation$16.43Mprior reported value-232.5K shares-100.0%CTSHCognizant Technology Solutions Corporation$2.33Mprior reported value