N-PORT filing recap · June 2023

What did FPA Crescent Fund buy in June 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

$6.14B

Positions

Estimated turnover

5.6%

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

MTALMac Copper Limited$252.0Kreported value+180.0K shares APGB WSApollo Strategic Growth Capital II$5.1Kreported value+41.4K shares BTMDBiote Corp.$2.9Kreported value+421 shares

Increased positions

IFFInternational Flavors & Fragrances Inc$174.44Mreported value+223.0K shares+11.3%HEIOHeineken Holding N.v.$127.47Mreported value+701.3K shares+91.9%DEIDouglas Emmett, Inc.$47.10Mreported value+3.55M shares+1797.7%NSTCNorthern Star Investment Corp. III$1.1Kreported value

Reduced positions

HOLNHolcim AG$297.93Mreported value-135.0K shares-3.0%ADIAnalog Devices, Inc.$296.74Mreported value-4.5K shares-0.3%GOOGLAlphabet Inc.$264.10Mreported value-202.0K shares-8.4%METAMeta Platforms, Inc.$261.28Mreported value-30.0K shares

Exited positions

CVIIChurchill Capital Corp VII$6.25Mprior reported value-616.4K shares-100.0%MTALMac Copper Limited$5.52Mprior reported value-539.9K shares-100.0%NSTDNorthern Star Investment Corp. IV$4.28Mprior reported value-425.5K shares-100.0%ACABAtlantic Coastal Acquisition Corp II$3.33Mprior reported value