N-PORT filing recap · March 2020

What did FPA Crescent Fund buy in March 2020?

Reported stock-position changes between this filing and the previous one. These are FPA Crescent Fund's own holdings, not the firm's.

Stock value

$6.61B

Positions

Estimated turnover

9.1%

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

BKNGBooking Holdings Inc.$128.07Mreported value+95.2K shares DDDupont De Nemours, Inc.$113.98Mreported value+3.34M shares XLFTechnology Select Sector SPDR Fund$108.41Mreported value+5.21M shares WABWestinghouse Air Brake Technologies Corporation$97.95Mreported value+2.04M shares 003550Lg Corp$85.86Mreported value+1.77M shares IFFInternational Flavors & Fragrances Inc$64.92Mreported value+636.0K shares 19Swire Pacific Limited$64.63Mreported value+10.15M shares 028260Samsung C&T Corporation$62.71Mreported value+859.4K shares 6201Toyota Industries Corporation$55.09Mreported value+1.16M shares NXPINxp Semiconductors N.v.$54.15Mreported value+653.0K shares 9984Softbank Group Corp$53.88Mreported value+1.52M shares CFRCompagnie Financière Richemont SA$49.31Mreported value+922.5K shares ACAir Canada$39.57Mreported value+3.54M shares MARMarriott International Inc /md/$27.46Mreported value+367.0K shares 9401Tbs Holdings Inc$24.83Mreported value+1.78M shares G1AGea Group AG$21.02Mreported value+1.02M shares 9434Softbank Corp$19.39Mreported value+1.52M shares

Increased positions

AVGOBroadcom Inc.$286.03Mreported value+119.7K shares+11.0%CMCSAComcast Corporation$276.05Mreported value+1.09M shares+15.7%ADIAnalog Devices, Inc.$271.63Mreported value+45.2K shares+1.5%AIGAmerican International Group, Inc.$240.22Mreported value+419.4K shares

Reduced positions

GOOGLAlphabet Inc.$267.38Mreported value-13.7K shares-5.6%GOOGAlphabet Inc.$244.78Mreported value-13.7K shares-6.1%CHTRCharter Communications, Inc.$232.35Mreported value-50.6K shares-8.7%METAMeta Platforms, Inc.$225.03Mreported value-151.5K shares

Exited positions

ALLYAlly Financial Inc.$153.36Mprior reported value-5.02M shares-100.0%035420Naver Corporation$90.38Mprior reported value-560.4K shares-100.0%MHKMohawk Industries, Inc.$55.42Mprior reported value-406.4K shares-100.0%SPBSpectrum Brands Holdings, Inc.$64prior reported value-1 shares