13F filing recap · Q3 2017

What did First Pacific Advisors buy in Q3 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

$13.01B

Positions

102

Estimated turnover

9.8%

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

CARSCars.com Inc.$33.92Mreported value+1.27M shares SAVESpirit Airlines, Inc.$20.15Mreported value+603.0K shares FIFrank'S International N.v.$7.90Mreported value+1.02M shares SBHSally Beauty Holdings, Inc.$5.12Mreported value+261.2K shares ORLYO Reilly Automotive Inc$3.45Mreported value+16.0K shares RYAAYRyanair Holdings Plc$3.06Mreported value+29.0K shares LOWLowe’s Companies, Inc.$1.83Mreported value+22.9K shares FDXFedex Corporation$1.26Mreported value+5.6K shares IRIngersoll Rand Inc.$1.25Mreported value+14.0K shares

Increased positions

AABAAltaba Inc$503.44Mreported value+75.8K shares+1.0%MYLMylan N.v.$297.05Mreported value+1.28M shares+15.7%NXEONexeo Solutions, Inc.$186.36Mreported value+725.2K shares+2.9%QCOMQualcomm Inc/de$166.40Mreported value+189.8K shares

Reduced positions

ORCLOracle Corporation$1.02Breported value-269.2K shares-1.3%AONAon Plc$654.77Mreported value-394.4K shares-8.1%AIGAmerican International Group, Inc.$641.46Mreported value-95.8K shares-0.9%BACBank of America Corp$631.25Mreported value-534.0K shares

Exited positions

BWEURBabcock & Wilcox Enterprises, Inc.$57.84Mprior reported value-4.92M shares-100.0%VSTOVista Outdoor Inc$17.01Mprior reported value-755.7K shares-100.0%OSKOshkosh Corporation$7.26Mprior reported value-105.4K shares-100.0%LUVSouthwest Airlines Co.$2.47Mprior reported value-39.8K shares