13F filing recap · Q3 2019

What did First Pacific Advisors buy in Q3 2019?

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

$10.37B

Positions

131

Estimated turnover

9.3%

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

DELLDell Technologies Inc.$147.02Mreported value+2.83M shares OACCHims & Hers Health, Inc.$15.75Mreported value+1.55M shares ACIWAci Worldwide, Inc.$3.81Mreported value+121.5K shares VGVonage Holdings Corp$2.94Mreported value+259.8K shares CNCCentene Corporation$2.33Mreported value+53.8K shares BXBlackstone Inc.$962.0Kreported value+19.7K shares BRK.ABerkshire Hathaway Inc$935.0Kreported value+3 shares NKENike, Inc.$587.0Kreported value+6.3K shares DBDeutsche Bank Aktiengesellschaft$567.0Kreported value+75.6K shares SAVESpirit Airlines, Inc.$525.0Kreported value+14.5K shares BRK.BBerkshire Hathaway Inc$392.0Kreported value+1.9K shares RTNRaytheon Company$373.0Kreported value+1.9K shares WDAYWorkday, Inc.$354.0Kreported value+2.1K shares IRIngersoll Rand Inc.$320.0Kreported value+2.6K shares GDDYGodaddy Inc.$284.0Kreported value+4.3K shares NOWServicenow, Inc.$237.0Kreported value+935 shares ADPAutomatic Data Processing Inc$218.0Kreported value+1.4K shares SPOTSpotify Technology S.a.$25.0Kreported value+223 shares QADAQad Inc.$23.0Kreported value+500 shares

Increased positions

GOOGLAlphabet Inc.$385.63Mreported value+3.5K shares+1.1%JEFJefferies Financial Group Inc.$380.66Mreported value+149.0K shares+0.7%BIDUBaidu, Inc.$245.71Mreported value+62 shares+0.0%JDJd.com, Inc.$237.57Mreported value+72.1K shares

Reduced positions

AIGAmerican International Group, Inc.$747.32Mreported value-1.43M shares-9.6%HWMHowmet Aerospace Inc.$648.96Mreported value-1.35M shares-5.1%CMCSAComcast Corporation$473.52Mreported value-1.08M shares-9.3%CCitigroup Inc$461.59Mreported value-367.4K shares

Exited positions

XECCimarex Energy Co$13.53Mprior reported value-228.0K shares-100.0%THOThor Industries, Inc.$2.55Mprior reported value-43.7K shares-100.0%BXUSDThe Blackstone Group L.p.$875.0Kprior reported value-19.7K shares-100.0%NFLXNetflix, Inc.$708.0Kprior reported value-1.9K shares