13F filing recap · Q1 2018

What did First Pacific Advisors buy in Q1 2018?

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

$13.12B

Positions

122

Estimated turnover

17.7%

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

KMIKinder Morgan, Inc.$246.83Mreported value+16.39M shares PCGPG&E Corp$165.94Mreported value+3.78M shares CISNCision Ltd.$7.01Mreported value+605.8K shares BKNGBooking Holdings Inc.$4.79Mreported value+2.3K shares DHCPQDitech Holding Corporation$2.48Mreported value+276.5K shares AETAetna Inc.$1.15Mreported value+6.8K shares AMZNAmazon.com Inc$868.0Kreported value+600 shares LUVSouthwest Airlines Co.$418.0Kreported value+7.3K shares GDGeneral Dynamics Corp$409.0Kreported value+1.9K shares LMTLockheed Martin Corporation$406.0Kreported value+1.2K shares

Increased positions

AIGAmerican International Group, Inc.$687.29Mreported value+2.10M shares+20.0%BIDUBaidu, Inc.$466.73Mreported value+364.5K shares+21.1%ADIAnalog Devices, Inc.$398.16Mreported value+300.5K shares+7.4%GOOGAlphabet Inc.$350.57Mreported value+27.4K shares

Reduced positions

ORCLOracle Corporation$852.74Mreported value-2.46M shares-11.7%MSFTMicrosoft Corporation$678.91Mreported value-326.6K shares-4.2%BACBank of America Corp$633.27Mreported value-1.79M shares-7.8%UTXRtx Corporation$608.44Mreported value-434.3K shares

Exited positions

GEGeneral Electric Company$170.90Mprior reported value-9.79M shares-100.0%PCLNBooking Holdings Inc$4.76Mprior reported value-2.7K shares-100.0%FLFoot Locker Inc$4.42Mprior reported value-94.2K shares-100.0%MPTMedical Properties Trust Inc$1.29Mprior reported value-93.5K shares