N-PORT filing recap · March 2023

What did FPA Crescent Fund buy in March 2023?

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

$5.74B

Positions

107

Estimated turnover

12.6%

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

HEIOHeineken Holding N.v.$70.04Mreported value+763.4K shares VTSVitesse Energy, Inc.$10.52Mreported value+552.9K shares CVIIChurchill Capital Corp VII$6.25Mreported value+616.4K shares ACABAtlantic Coastal Acquisition Corp II$3.33Mreported value+320.9K shares CXACC5 Acquisition Corporation$2.56Mreported value+245.1K shares DEIDouglas Emmett, Inc.$2.43Mreported value+197.4K shares NIOBWNiocorp Developments Ltd.$143.4Kreported value+216.1K shares FRXBForest Road Acquisition Corp. II$49.3Kreported value+248.6K shares SLMWFSlam Corp.$41.1Kreported value+178.6K shares SCAQStratim Cloud Acquisition Corp$40.3Kreported value+223.9K shares VEEAWVeea Inc.$36.9Kreported value+194.0K shares DISADisruptive Acquisition Corp I$27.5Kreported value+344.0K shares ROSS.WSRoss Acquisition Corp II$20.2Kreported value+77.1K shares TWLVTwelve Seas Investment Co Iii/cayman$16.4Kreported value+330.0K shares IPVIUInterprivate IV Infratech Partners Inc$15.6Kreported value+173.3K shares CVII.UChurchill Capital Corp VII$15.1Kreported value+123.3K shares SDSTWStardust Power Inc.$9.1Kreported value+64.6K shares ACABWAtlantic Coastal Acquisition Corp II$7.7Kreported value+160.4K shares CXACC5 Acquisition Corporation$4.9Kreported value+122.5K shares AGAC.WSAfrican Gold Acquisition Corporation$1.3Kreported value+131.6K shares FSNBFusion Acquisition Corp. II$660reported value+58.0K shares

Increased positions

IFFInternational Flavors & Fragrances Inc$181.05Mreported value+159.4K shares+8.8%7974Nintendo Co., Ltd.$59.91Mreported value+332.1K shares+27.4%VNOVornado Realty Trust$25.65Mreported value+791.2K shares+90.2%MCDIFMcdermott International Ltd$4.80Mreported value+42 shares

Reduced positions

ADIAnalog Devices, Inc.$301.30Mreported value-48.4K shares-3.1%HOLNHolcim AG$293.75Mreported value-1.20M shares-20.8%TELTe Connectivity Plc$245.23Mreported value-5.9K shares-0.3%AONAon Plc$176.91Mreported value-24.1K shares

Exited positions

UNVRUnivar Solutions Inc$108.21Mprior reported value-3.40M shares-100.0%TLGATlg Acquisition One Corp$12.65Mprior reported value-1.24M shares-100.0%FRXB.UForest Road Acquisition Corp. II$12.50Mprior reported value-1.24M shares-100.0%LCALandcadia Holdings IV Inc$12.42Mprior reported value