N-PORT filing recap · September 2022

What did FPA Crescent Fund buy in September 2022?

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

$5.48B

Positions

139

Estimated turnover

14.2%

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

ICLRICON PLC$21.13Mreported value+115.0K shares VNOVornado Realty Trust$20.32Mreported value+877.5K shares CLAAColonnade Acquisition Corp. II$10.24Mreported value+1.03M shares DHCADhc Acquisition Corp.$5.15Mreported value+520.6K shares CLAA/WSColonnade Acquisition Corp. II$20.6Kreported value+206.4K shares DHCADhc Acquisition Corp.$15.6Kreported value+173.5K shares BTMBitcoin Depot Inc$4.2Kreported value+425 shares GSRMWBitcoin Depot Inc$68reported value+425 shares BTMCQBitcoin Depot Inc$31reported value+26 shares PSPershing Square Sparc Holdings Ltd$0reported value+457.2K shares

Increased positions

HOLNHolcim AG$235.67Mreported value+215.1K shares+3.9%GOOGLAlphabet Inc.$230.36Mreported value+2.29M shares+1900.0%GOOGAlphabet Inc.$174.92Mreported value+1.73M shares+1891.2%IFFInternational Flavors & Fragrances Inc$140.80Mreported value+514.1K shares

Reduced positions

ADIAnalog Devices, Inc.$223.69Mreported value-11.8K shares-0.7%TELTe Connectivity Plc$207.00Mreported value-7.3K shares-0.4%AONAon Plc$163.86Mreported value-16.5K shares-2.6%AMZNAmazon.com Inc$152.12Mreported value-76.1K shares

Exited positions

OTEXOpen Text Corp$88.60Mprior reported value-2.34M shares-100.0%9888Baidu, Inc.$28.00Mprior reported value-1.48M shares-100.0%CLAAColonnade Acquisition Corp. II$10.11Mprior reported value-1.03M shares-100.0%PSTHPershing Square Tontine Holdings, Ltd.$9.13Mprior reported value