N-PORT filing recap · December 2022

What did FPA Crescent Fund buy in December 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

$5.80B

Positions

131

Estimated turnover

14.4%

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

NPNNaspers Limited$94.41Mreported value+568.0K shares TLGATlg Acquisition One Corp$12.65Mreported value+1.24M shares LCALandcadia Holdings IV Inc$12.42Mreported value+1.24M shares SOCSable Offshore Corp.$10.37Mreported value+1.03M shares GAMCGolden Arrow Merger Corp$10.34Mreported value+1.03M shares BRKHBurtech Acquisition Corp II$10.24Mreported value+1.01M shares NSTCNorthern Star Investment Corp. III$5.54Mreported value+550.7K shares AACAres Acquisition Corp III$4.98Mreported value+494.5K shares NSTDNorthern Star Investment Corp. IV$4.28Mreported value+425.5K shares DTOCDigital Transformation Opportunities Corp$725.8Kreported value+72.3K shares MONMonument Circle Acquisition Corp$702.5Kreported value+69.9K shares FLMESable Offshore Corp.$335.4Kreported value+516.1K shares MRDB/WSMariadb Plc$94.8Kreported value+316.1K shares AAC/WSAres Acquisition Corp III$46.1Kreported value+98.9K shares LCALandcadia Holdings IV Inc$41.8Kreported value+310.8K shares TLGATlg Acquisition One Corp$17.0Kreported value+414.3K shares ECXWWEcarx Holdings Inc.$16.4Kreported value+167.4K shares BRKHBurtech Acquisition Corp II$6.1Kreported value+1.01M shares GAMCWGolden Arrow Merger Corp$2.3Kreported value+344.0K shares NSTCNorthern Star Investment Corp. III$1.8Kreported value+91.8K shares NSTDNorthern Star Investment Corp. IV$1.7Kreported value+70.9K shares DTOCDigital Transformation Opportunities Corp$1.2Kreported value+18.1K shares

Increased positions

IFFInternational Flavors & Fragrances Inc$189.70Mreported value+259.2K shares+16.7%KMXCarmax, Inc.$92.62Mreported value+282.3K shares+22.8%FERGFerguson Enterprises Inc.$88.76Mreported value+103.7K shares+17.4%NXPINxp Semiconductors N.v.$82.47Mreported value+53.6K shares

Reduced positions

ADIAnalog Devices, Inc.$258.53Mreported value-29.2K shares-1.8%AONAon Plc$175.65Mreported value-26.5K shares-4.3%GLENGlencore Plc$167.03Mreported value-6.01M shares-19.4%AVGOBroadcom Inc.$152.06Mreported value-137.4K shares

Exited positions

PRXProsus N.v.$117.52Mprior reported value-2.26M shares-100.0%FLUTFlutter Entertainment Plc$40.58Mprior reported value-369.9K shares-100.0%LCAHULandcadia Holdings IV Inc$12.26Mprior reported value-1.24M shares-100.0%TLGATlg Acquisition One Corp$12.26Mprior reported value-1.24M shares