13F filing recap · Q2 2023

What did First Pacific Advisors buy in Q2 2023?

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

$6.73B

Positions

131

Estimated turnover

8.5%

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

CIGIColliers International Group Inc.$4.21Mreported value+42.9K shares EBCEastern Bankshares, Inc.$1.02Mreported value+82.8K shares AVBAvalonbay Communities, Inc.$946.4Kreported value+5.0K shares ADBEAdobe Inc.$332.5Kreported value+680 shares MTALMetals Acquisition Corp. II$303.7Kreported value+216.9K shares NOCNorthrop Grumman Corp /de/$227.9Kreported value+500 shares VEEVVeeva Systems Inc.$34.6Kreported value+175 shares APGBApollo Strategic Growth Capital II$6.1Kreported value+49.7K shares BTMDBiote Corp.$3.4Kreported value+503 shares

Increased positions

IFFInternational Flavors & Fragrances Inc$267.62Mreported value+279.6K shares+9.1%DEIDouglas Emmett, Inc.$63.24Mreported value+4.53M shares+902.3%VYXNcr Voyix Corporation$25.75Mreported value+915.5K shares+860.3%STGWStagwell Inc$7.04Mreported value+91.4K shares

Reduced positions

CMCSAComcast Corporation$440.20Mreported value-377.8K shares-3.4%ADIAnalog Devices, Inc.$435.84Mreported value-52.3K shares-2.3%GOOGLAlphabet Inc.$397.42Mreported value-370.3K shares-10.0%METAMeta Platforms, Inc.$388.56Mreported value-95.9K shares

Exited positions

CVIIChurchill Capital Corp VII$7.52Mprior reported value-741.8K shares-100.0%MTALMac Copper Limited$6.65Mprior reported value-650.8K shares-100.0%NSTDNorthern Star Investment Corp. IV$5.14Mprior reported value-510.4K shares-100.0%ACABAtlantic Coastal Acquisition Corp II$4.05Mprior reported value