13F filing recap · Q1 2025
What did First Pacific Advisors buy in Q1 2025?
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
$6.18B
Positions
55
Estimated turnover
10.9%
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 new positions in John Wiley & Sons and Reservoir Media, while exiting Colliers International Group and Metals Acquisition Corp. II. The firm substantially increased its stakes in Vail Resorts and Quanex Building Products, and dramatically added to Bio-Rad Laboratories and Fortune Brands Innovations. Notable trims included Kinder Morgan, Broadcom, and Laureate Education, each reduced substantially, while Wells Fargo, Citigroup, and Meta Platforms saw moderate decreases.