13F filing recap · Q1 2017

What did First Pacific Advisors buy in Q1 2017?

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

$12.44B

Positions

107

Estimated turnover

10.7%

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

ESRXExpress Scripts Holding Co$2.22Mreported value+33.7K shares WTWWillis Towers Watson Plc$2.19Mreported value+16.7K shares AXTAAxalta Coating Systems Ltd.$2.07Mreported value+64.3K shares HOUSAnywhere Real Estate Inc.$2.03Mreported value+68.0K shares MPTMedical Properties Trust Inc$1.93Mreported value+150.0K shares TRIPTripadvisor, Inc.$1.43Mreported value+33.1K shares JLLJones Lang Lasalle Incorporated$1.29Mreported value+11.6K shares HDSHd Supply Holdings Inc$1.25Mreported value+30.5K shares WACDitech Holding Corporation$302.0Kreported value+279.8K shares

Increased positions

YHOOAltaba Inc.$339.49Mreported value+51.6K shares+0.7%NXEONexeo Solutions, Inc.$219.76Mreported value+4.42M shares+21.7%MYLMylan N.v.$208.58Mreported value+2.26M shares+73.4%QCOMQualcomm Inc/de$156.12Mreported value+392.4K shares

Reduced positions

ORCLOracle Corporation$955.02Mreported value-376.4K shares-1.7%UTXRtx Corporation$676.51Mreported value-291.7K shares-4.6%CCitigroup Inc$658.51Mreported value-195.3K shares-1.7%AIGAmerican International Group, Inc.$651.92Mreported value-463.0K shares

Exited positions

PRGOPerrigo Company Plc$108.00Mprior reported value-1.30M shares-100.0%YAlleghany Corporation$102.28Mprior reported value-168.2K shares-100.0%APOLApollo Education Group, Inc.$8.32Mprior reported value-840.7K shares-100.0%RHIRobert Half Inc.$3.58Mprior reported value-73.5K shares