13F filing recap · Q4 2017

What did First Pacific Advisors buy in Q4 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

$13.36B

Positions

133

Estimated turnover

11.1%

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

EXPEExpedia Group, Inc.$318.81Mreported value+2.66M shares OECOrion S.a.$39.10Mreported value+1.53M shares TENTenneco Inc$14.69Mreported value+250.9K shares MATXMatson, Inc.$14.21Mreported value+476.3K shares CFFNCapitol Federal Financial, Inc.$12.91Mreported value+962.7K shares GPKGraphic Packaging Holding Co$7.16Mreported value+463.6K shares GNTXGentex Corporation$5.50Mreported value+262.6K shares METAMeta Platforms, Inc.$5.17Mreported value+29.3K shares CMCSAComcast Corporation$1.80Mreported value+45.0K shares JPMJPMorgan Chase & Co$1.71Mreported value+16.0K shares JNJJohnson & Johnson$1.35Mreported value+9.7K shares UNPUnion Pacific Corp$1.31Mreported value+9.8K shares LENLennar Corp /new/$1.25Mreported value+19.7K shares VVisa Inc.$1.21Mreported value+10.7K shares BLKBlackrock, Inc.$1.16Mreported value+2.3K shares MSMorgan Stanley$1.14Mreported value+21.7K shares SNASnap-On Inc$941.0Kreported value+5.4K shares JDJd.com, Inc.$924.0Kreported value+22.3K shares BRK.ABerkshire Hathaway Inc$893.0Kreported value+3 shares UPSUnited Parcel Service, Inc$870.0Kreported value+7.3K shares DWDPDowdupont Inc$869.0Kreported value+12.2K shares MAMastercard Inc$863.0Kreported value+5.7K shares STTState Street Corporation$849.0Kreported value+8.7K shares UNHUnitedHealth Group Incorporated$838.0Kreported value+3.8K shares HDHome Depot, Inc.$834.0Kreported value+4.4K shares BAThe Boeing Company$826.0Kreported value+2.8K shares ABBVAbbvie Inc.$662.0Kreported value+6.8K shares IVZInvesco Ltd.$661.0Kreported value+18.1K shares CCLCarnival Corporation Ltd.$657.0Kreported value+9.9K shares DISWalt Disney Co/$484.0Kreported value+4.5K shares PFEPfizer Inc.$471.0Kreported value+13.0K shares BNYThe Bank of New York Mellon Corporation$469.0Kreported value+8.7K shares WBAWalgreens Boots Alliance Inc$465.0Kreported value+6.4K shares JCIJohnson Controls International Plc$457.0Kreported value+12.0K shares ACNAccenture Plc$444.0Kreported value+2.9K shares ABTAbbott Laboratories$439.0Kreported value+7.7K shares CELGCelgene Corporation$436.0Kreported value+4.2K shares BXUSDThe Blackstone Group L.p.$435.0Kreported value+13.6K shares HONHoneywell International Inc$429.0Kreported value+2.8K shares MDTMedtronic Plc$424.0Kreported value+5.3K shares LEN.BLennar Corp /new/$20.0Kreported value+394 shares

Increased positions

UTXRtx Corporation$672.31Mreported value+29.1K shares+0.6%AIGAmerican International Group, Inc.$627.16Mreported value+77.5K shares+0.7%HWMHowmet Aerospace Inc.$563.76Mreported value+242.9K shares+1.2%CSCOCisco Systems, Inc.$546.05Mreported value+70.8K shares

Reduced positions

ORCLOracle Corporation$997.77Mreported value-29.5K shares-0.1%BACBank of America Corp$676.15Mreported value-2.01M shares-8.1%MSFTMicrosoft Corporation$664.23Mreported value-60.1K shares-0.8%AONAon Plc$572.68Mreported value-207.9K shares

Exited positions

LMLegg Mason Inc$156.91Mprior reported value-3.99M shares-100.0%CARSCars.com Inc.$33.92Mprior reported value-1.27M shares-100.0%DANDana Incorporated$17.97Mprior reported value-642.6K shares-100.0%CMECme Group Inc.$15.13Mprior reported value-111.5K shares