N-PORT filing recap · September 2021

What did FPA Crescent Fund buy in September 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

$7.28B

Positions

128

Estimated turnover

21.6%

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

SPYSPDR S&P 500 ETF Trust$217.11Mreported value+505.9K shares 9988Alibaba Group Holding Limited$103.42Mreported value+5.59M shares 9888Baidu, Inc.$74.39Mreported value+3.87M shares DRAYUMacondray Capital Acquisition Corp. I$10.29Mreported value+1.03M shares PSTHPershing Square Tontine Holdings, Ltd.$9.01Mreported value+457.2K shares MTALMac Copper Limited$5.35Mreported value+539.9K shares NGCANextgen Acquisition Corp. II$4.69Mreported value+472.8K shares ATHNAthena Technology Acquisition Corp$2.94Mreported value+296.5K shares NO0011018988Viking Acq 1 As$2.43Mreported value+3.19M shares APGB.UApollo Strategic Growth Capital II$2.06Mreported value+207.0K shares GMBTQueen'S Gambit Growth Capital$813.3Kreported value+82.4K shares PLMJFPlum Acquisition Corp. III$398.8Kreported value+40.3K shares ARTAArtisan Acquisition Corp.$318.2Kreported value+32.1K shares NGCANextgen Acquisition Corp. II$158.9Kreported value+94.6K shares ATHN.UAthena Technology Acquisition Corp$134.4Kreported value+98.8K shares GMBTWQueen'S Gambit Growth Capital$23.1Kreported value+27.5K shares ARTAWArtisan Acquisition Corp.$12.2Kreported value+10.7K shares

Increased positions

PRXProsus N.v.$194.06Mreported value+1.45M shares+149.8%9984Softbank Group Corp$111.10Mreported value+317.5K shares+19.8%JDEPJde Peet'S N.v.$97.30Mreported value+1.23M shares+60.9%3659Nexon Co., Ltd.$66.42Mreported value+483.6K shares

Reduced positions

CMCSAComcast Corporation$343.20Mreported value-313.8K shares-4.9%GOOGLAlphabet Inc.$323.44Mreported value-1.5K shares-1.3%AIGAmerican International Group, Inc.$307.81Mreported value-340.4K shares-5.7%METAMeta Platforms, Inc.$304.01Mreported value-47.8K shares

Exited positions

BABAAlibaba Group Holding Limited$152.65Mprior reported value-673.1K shares-100.0%BIDUBaidu, Inc.$90.90Mprior reported value-445.8K shares-100.0%ULVRUSDUnilever Plc$84.97Mprior reported value-1.45M shares-100.0%NFLXNetflix, Inc.$38.52Mprior reported value-72.9K shares