13F filing recap · Q3 2025
What did First Pacific Advisors buy in Q3 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
$7.13B
Positions
59
Estimated turnover
15.2%
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 Becton Dickinson and Uniti Group, while exiting Vipshop Holdings, John Wiley & Sons, and Enstar Group. The firm trimmed Te Connectivity, Citigroup, Ferguson Enterprises, and NCR Atleos, and substantially reduced Wells Fargo, EchoStar, and Laureate Education. Notable increases included Fortune Brands Innovations, Thermo Fisher Scientific, and Avantor, with Thermo Fisher and Avantor seeing dramatic additions.