13F filing recap · Q1 2026
What did First Pacific Advisors buy in Q1 2026?
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
$7.00B
Positions
83
Estimated turnover
19.5%
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 new positions in Baxter International, Arthur J. Gallagher, Waters Corporation, PayPal Holdings, and CNH Industrial, among others. The firm exited Charter Communications, Darling Ingredients, Gulfport Energy, iShares Trust, and Laureate Education. It substantially increased its stake in Liberty Broadband and dramatically added to Avantor, while substantially trimming Marriott International, Westinghouse Air Brake Technologies, Kinder Morgan, EchoStar, and NCR Atleos.