13F filing recap · Q2 2018

What did First Pacific Advisors buy in Q2 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

$13.92B

Positions

128

Estimated turnover

26.5%

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

JEFJefferies Financial Group Inc.$443.09Mreported value+19.48M shares WFCWells Fargo & Company/mn$297.84Mreported value+5.37M shares CHTRCharter Communications, Inc.$296.51Mreported value+1.01M shares AVGOBroadcom Inc.$228.40Mreported value+941.3K shares MDLZMondelez International, Inc.$223.15Mreported value+5.44M shares CNDTConduent Inc$3.92Mreported value+216.0K shares SERVServicemaster Global Holdings Inc.$2.45Mreported value+41.2K shares CAAPCorporacion America Airports S.a.$901.0Kreported value+106.7K shares KKRKkr & Co. Inc.$870.0Kreported value+35.0K shares TCEHYTencent Holdings Ltd.$794.0Kreported value+15.8K shares RCLRoyal Caribbean Cruises Ltd$751.0Kreported value+7.3K shares NOCNorthrop Grumman Corp /de/$723.0Kreported value+2.4K shares RTNRaytheon Company$705.0Kreported value+3.6K shares NFLXNetflix, Inc.$548.0Kreported value+1.4K shares NPSNYNaspers Ltd$417.0Kreported value+8.3K shares ADBEAdobe Inc.$414.0Kreported value+1.7K shares BABAAlibaba Group Holding Limited$413.0Kreported value+2.2K shares CRMSalesforce, Inc.$409.0Kreported value+3.0K shares ATVIActivision Blizzard, Inc.$408.0Kreported value+5.3K shares EAElectronic Arts Inc.$402.0Kreported value+2.9K shares PYPLPayPal Holdings, Inc.$391.0Kreported value+4.7K shares CERNCerner Corporation$387.0Kreported value+6.5K shares IQVIqvia Holdings Inc.$372.0Kreported value+3.7K shares MARMarriott International Inc /md/$354.0Kreported value+2.8K shares

Increased positions

AIGAmerican International Group, Inc.$692.10Mreported value+424.1K shares+3.4%HWMHowmet Aerospace Inc.$449.76Mreported value+5.98M shares+29.2%GOOGAlphabet Inc.$387.01Mreported value+7.1K shares+2.1%CMCSAComcast Corporation$380.91Mreported value+11.58M shares

Reduced positions

ORCLOracle Corporation$776.99Mreported value-1.00M shares-5.4%BACBank of America Corp$551.92Mreported value-1.54M shares-7.3%UTXRtx Corporation$533.32Mreported value-570.2K shares-11.8%AONAon Plc$523.83Mreported value-417.4K shares

Exited positions

LUKLeucadia National Corporation$429.78Mprior reported value-18.91M shares-100.0%QCOMQualcomm Inc/de$96.22Mprior reported value-1.74M shares-100.0%HPHelmerich & Payne, Inc.$18.60Mprior reported value-279.4K shares-100.0%OXYOccidental Petroleum Corporation$9.07Mprior reported value