13F filing recap · Q1 2022

What did First Pacific Advisors buy in Q1 2022?

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

$7.76B

Positions

195

Estimated turnover

14.0%

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

HLFHerbalife Ltd.$32.59Mreported value+1.07M shares ELMEElme Communities$12.71Mreported value+498.6K shares PONDAngel Pond Holdings Corporation$11.30Mreported value+1.14M shares ACABUAtlantic Coastal Acquisition Corp II$3.91Mreported value+391.8K shares CXAC.UC5 Acquisition Corporation$3.02Mreported value+299.3K shares PPLIIac Inc.$2.92Mreported value+29.1K shares STGWStagwell Inc$2.23Mreported value+308.7K shares SSPKSilver Spike Acquisition Corp II$1.54Mreported value+157.8K shares TBPHTheravance Biopharma, Inc.$1.34Mreported value+139.8K shares ETEnergy Transfer LP$1.03Mreported value+92.0K shares LENLennar Corp /new/$674.0Kreported value+8.3K shares ASBPAspire Biopharma Holdings, Inc.$576.0Kreported value+57.3K shares APOApollo Global Management, Inc.$533.0Kreported value+8.6K shares DEIDouglas Emmett, Inc.$334.0Kreported value+10.0K shares POND.UAngel Pond Holdings Corporation$258.0Kreported value+381.5K shares HHRHeadhunter Group Plc$26.0Kreported value+35.0K shares NBISNebius Group N.v.$24.0Kreported value+25.0K shares SSPKSilver Spike Acquisition Corp II$12.0Kreported value+39.4K shares GSRMUBitcoin Depot Inc$5.0Kreported value+520 shares

Increased positions

CMCSAComcast Corporation$514.93Mreported value+330.0K shares+3.1%GOOGLAlphabet Inc.$500.99Mreported value+1.5K shares+0.9%ADIAnalog Devices, Inc.$404.74Mreported value+31.6K shares+1.3%GOOGAlphabet Inc.$402.01Mreported value+1.4K shares

Reduced positions

AIGAmerican International Group, Inc.$466.26Mreported value-409.2K shares-5.2%AVGOBroadcom Inc.$407.99Mreported value-141.3K shares-17.9%TELTe Connectivity Plc$361.10Mreported value-49.5K shares-1.8%AONAon Plc$298.36Mreported value-134.1K shares

Exited positions

POND.UAngel Pond Holdings Corporation$11.31Mprior reported value-1.14M shares-100.0%BPMPBp Midstream Partners LP$2.13Mprior reported value-138.9K shares-100.0%SSPKSilver Spike Acquisition Corp II$1.57Mprior reported value-157.8K shares-100.0%PINSPinterest, Inc.$823.0Kprior reported value