13F filing recap · Q4 2024

What did First Pacific Advisors buy in Q4 2024?

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

$6.94B

Positions

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.

Quarter in review

First Pacific Advisors opened a new position in Nov Inc. and exited Iac Inc., Reservoir Media, and Herbalife. The firm trimmed Wells Fargo and Jefferies Financial Group, while adding to Vail Resorts and ICON PLC. Broadcom, Netflix, and Colliers International were substantially reduced.

New positions

NOVNov Inc.$39.49Mreported value+2.71M shares

Increased positions

ADIAnalog Devices, Inc.$448.45Mreported value+7.6K shares+0.4%CMCSAComcast Corporation$407.89Mreported value+62.8K shares+0.6%GOOGAlphabet Inc.$345.92Mreported value+478 shares+0.0%IFFInternational Flavors & Fragrances Inc$340.72Mreported value+23.0K shares

Reduced positions

METAMeta Platforms, Inc.$522.54Mreported value-18.5K shares-2.0%GOOGLAlphabet Inc.$509.16Mreported value-128.7K shares-4.6%CCitigroup Inc$475.85Mreported value-82.0K shares-1.2%TELTe Connectivity Plc$380.65Mreported value-75.6K shares

Exited positions

HLFHerbalife Ltd.$13.14Mprior reported value-1.83M shares-100.0%PPLIIac Inc.$2.60Mprior reported value-48.3K shares-100.0%RSVRReservoir Media, Inc.$107.0Kprior reported value-13.2K shares-100.0%