N-PORT filing recap · June 2020

What did FPA Crescent Fund buy in June 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

$6.98B

Positions

Estimated turnover

26.7%

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

HWMHowmet Aerospace Inc.$150.20Mreported value+9.48M shares AONAon Plc$134.09Mreported value+696.2K shares OTISOtis Worldwide Corporation$49.48Mreported value+870.3K shares BVIBureau Veritas SA$22.69Mreported value+1.07M shares

Increased positions

CMCSAComcast Corporation$329.85Mreported value+432.7K shares+5.4%BKNGBooking Holdings Inc.$168.94Mreported value+10.9K shares+11.5%WABWestinghouse Air Brake Technologies Corporation$124.50Mreported value+127.5K shares+6.3%CFRCompagnie Financière Richemont SA$81.32Mreported value

Reduced positions

AVGOBroadcom Inc.$308.87Mreported value-227.7K shares-18.9%AIGAmerican International Group, Inc.$304.17Mreported value-150.4K shares-1.5%GOOGLAlphabet Inc.$285.07Mreported value-29.1K shares-12.6%ADIAnalog Devices, Inc.$284.84Mreported value-707.4K shares

Exited positions

UTXRtx Corporation$164.19Mprior reported value-1.74M shares-100.0%ARNCArconic Corporation$160.13Mprior reported value-9.97M shares-100.0%DDDupont De Nemours, Inc.$113.98Mprior reported value-3.34M shares-100.0%JDJd.com, Inc.$101.49Mprior reported value-2.51M shares