13F filing recap · Q4 2015

What did First Pacific Advisors buy in Q4 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

$11.20B

Positions

104

Estimated turnover

26.4%

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

GOOGLAlphabet Inc.$192.70Mreported value+247.7K shares GOOGAlphabet Inc.$191.89Mreported value+252.9K shares WHRWhirlpool Corp /de/$6.66Mreported value+45.4K shares ELVElevance Health, Inc.$5.79Mreported value+41.6K shares SAVESpirit Airlines, Inc.$5.05Mreported value+126.8K shares CAHCardinal Health, Inc.$4.98Mreported value+55.7K shares ABBVAbbvie Inc.$4.47Mreported value+75.5K shares MSGSMadison Square Garden Sports Corp.$4.25Mreported value+26.3K shares FDXFedex Corporation$4.22Mreported value+28.3K shares AAPLApple Inc.$3.37Mreported value+32.0K shares HCAHCA Healthcare, Inc.$3.37Mreported value+49.8K shares SAFMSanderson Farms, Inc.$2.80Mreported value+36.1K shares SPXCSpx Technologies, Inc.$373.0Kreported value+40.0K shares

Increased positions

ORCLOracle Corporation$883.49Mreported value+346.9K shares+1.5%AONAon Plc$699.70Mreported value+151.6K shares+2.0%CCitigroup Inc$575.55Mreported value+228.7K shares+2.1%AIGAmerican International Group, Inc.$574.40Mreported value+188.1K shares

Reduced positions

MSFTMicrosoft Corporation$765.53Mreported value-3.11M shares-18.4%TMOThermo Fisher Scientific Inc.$259.93Mreported value-101.1K shares-5.2%IPGThe Interpublic Group of Companies, Inc.$229.36Mreported value-22.3K shares-0.2%BUDAnheuser-Busch Inbev Sa/nv$142.39Mreported value-89.3K shares

Exited positions

BIDUBaidu, Inc.$208.75Mprior reported value-1.52M shares-100.0%GOOGLAlphabet Inc.$154.85Mprior reported value-242.6K shares-100.0%GOOGAlphabet Inc.$152.13Mprior reported value-250.0K shares-100.0%ORLYO Reilly Automotive Inc$103.03Mprior reported value-412.1K shares