13F filing recap · Q1 2016

What did First Pacific Advisors buy in Q1 2016?

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

$10.98B

Positions

Estimated turnover

22.9%

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

ARRSArris International Plc$84.88Mreported value+3.70M shares ALLYAlly Financial Inc.$49.68Mreported value+2.65M shares FCE.AForest City Realty Trust, Inc.$16.18Mreported value+767.1K shares BIDUBaidu, Inc.$9.41Mreported value+49.3K shares CORCencora, Inc.$8.11Mreported value+93.7K shares CMAComerica Inc$7.53Mreported value+198.8K shares KLXIKlx Inc$6.24Mreported value+194.2K shares LUVSouthwest Airlines Co.$5.17Mreported value+115.4K shares PRGOPerrigo Company Plc$4.17Mreported value+32.6K shares AETAetna Inc.$3.19Mreported value+28.4K shares SGITempur Sealy International Inc$2.50Mreported value+41.1K shares AIG WSAmerican International Group, Inc.$1.03Mreported value+55.0K shares UNVRUnivar Solutions Inc$724.0Kreported value+42.1K shares

Increased positions

ORCLOracle Corporation$1.03Breported value+995.3K shares+4.1%UTXRtx Corporation$640.46Mreported value+547.0K shares+9.3%AIGAmerican International Group, Inc.$589.77Mreported value+1.64M shares+17.7%AAAlcoa Corp$544.20Mreported value+8.17M shares

Reduced positions

AONAon Plc$735.95Mreported value-542.1K shares-7.1%MSFTMicrosoft Corporation$526.20Mreported value-4.27M shares-31.0%TELTe Connectivity Plc$405.85Mreported value-706.6K shares-9.7%GEGeneral Electric Company$330.47Mreported value-1.50M shares

Exited positions

BUDAnheuser-Busch Inbev Sa/nv$142.39Mprior reported value-1.14M shares-100.0%ARRSArris Group Inc$108.00Mprior reported value-3.53M shares-100.0%RSReliance, Inc.$16.23Mprior reported value-280.2K shares-100.0%WACDitech Holding Corporation$12.55Mprior reported value-882.3K shares