N-PORT filing recap · September 2020

What did FPA Crescent Fund buy in September 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

$6.72B

Positions

Estimated turnover

10.7%

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

MCDIFMcdermott International Ltd$14.12Mreported value+14.12M shares

Increased positions

WFCWells Fargo & Company/mn$139.49Mreported value+401.4K shares+7.3%PCGPG&E Corp$33.78Mreported value+12.4K shares+0.3%

Reduced positions

CMCSAComcast Corporation$340.25Mreported value-1.11M shares-13.1%AVGOBroadcom Inc.$277.36Mreported value-217.3K shares-22.2%CHTRCharter Communications, Inc.$264.28Mreported value-63.0K shares-13.0%GOOGLAlphabet Inc.$263.63Mreported value-21.1K shares

Exited positions

OTISOtis Worldwide Corporation$49.48Mprior reported value-870.3K shares-100.0%BVIBureau Veritas SA$22.69Mprior reported value-1.07M shares-100.0%