N-PORT filing recap · March 2021

What did FPA Crescent Fund buy in March 2021?

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

$7.21B

Positions

Estimated turnover

15.5%

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.

New positions

MDRMcdermott International Inc$25.05Mreported value+31.31M shares MDRMcdermott International Inc$447.0Kreported value+558.7K shares

Increased positions

METAMeta Platforms, Inc.$267.14Mreported value+5.8K shares+0.6%

Reduced positions

CMCSAComcast Corporation$349.14Mreported value-329.0K shares-4.9%HOLNHolcim AG$315.26Mreported value-21.6K shares-0.4%AIGAmerican International Group, Inc.$304.96Mreported value-1.15M shares-14.9%AVGOBroadcom Inc.$297.52Mreported value-49.7K shares

Exited positions

BACBank of America Corp$40.08Mprior reported value-1.32M shares-100.0%CITCit Group Inc$39.82Mprior reported value-1.11M shares-100.0%