N-PORT filing recap · September 2023

What did FPA Crescent Fund buy in September 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

$5.77B

Positions

Estimated turnover

21.9%

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

FERGFerguson Enterprises Inc.$114.98Mreported value+699.1K shares NXPINxp Semiconductors N.v.$104.33Mreported value+521.8K shares NPNNaspers Limited$90.76Mreported value+568.0K shares HDELYHeidelberg Materials AG$46.21Mreported value+594.5K shares 19Swire Pacific Limited$26.80Mreported value+3.97M shares HLFHerbalife Ltd.$22.78Mreported value+1.63M shares VYXNcr Voyix Corporation$21.33Mreported value+790.9K shares 966TDKII3Epic Games Inc$9.41Mreported value+33.1K shares GTBIFGreen Thumb Industries Inc.$6.71Mreported value+1.84M shares MCDIFMcdermott International Ltd$3.53Mreported value+14.12M shares 271560Orion Corp$3.03Mreported value+31.8K shares GTBIFGreen Thumb Industries Inc.$2.62Mreported value+1.62M shares GTBIFGreen Thumb Industries Inc.$1.23Mreported value+2.42M shares GTBIFGreen Thumb Industries Inc.$1.15Mreported value+651.9K shares MTALMetals Acquisition Corp. II$361.7Kreported value+180.0K shares AAC.WSAres Acquisition Corp III$65.4Kreported value+98.9K shares SLMWFSlam Corp.$24.4Kreported value+178.6K shares MRDBMariadb Plc$19.4Kreported value+316.1K shares BNAIDhc Acquisition Corp.$13.9Kreported value+173.5K shares DISAWDisruptive Acquisition Corp I$12.1Kreported value+344.0K shares ELIWQElectriq Power Holdings Inc$11.8Kreported value+414.3K shares PLMIWPlum Acquisition Corp. I$11.6Kreported value+194.0K shares G7641C114Bpgc Acquisition Corp.$8.6Kreported value+77.1K shares ECXEcarx Holdings Inc.$7.5Kreported value+167.4K shares AONCWAmerican Oncology Network Inc$3.6Kreported value+18.1K shares APGBApollo Strategic Growth Capital II$3.2Kreported value+41.4K shares PLMJWPlum Acquisition Corp. III$688reported value+13.4K shares PREPrenetics Global Limited$560reported value+10.7K shares SWVLSwvl Holdings Corp$269reported value+27.5K shares SDSTStardust Power Inc.$0reported value+64.6K shares

Increased positions

IFFInternational Flavors & Fragrances Inc$175.16Mreported value+377.7K shares+17.2%CCitigroup Inc$151.10Mreported value+101.8K shares+2.8%HEIOHeineken Holding N.v.$147.28Mreported value+486.4K shares+33.2%MDRMcdermott International Inc$10.35Mreported value+9.80M shares

Reduced positions

GOOGLAlphabet Inc.$279.59Mreported value-69.8K shares-3.2%HOLNHolcim AG$275.03Mreported value-136.8K shares-3.1%ADIAnalog Devices, Inc.$256.55Mreported value-58.0K shares-3.8%METAMeta Platforms, Inc.$250.52Mreported value-76.0K shares

Exited positions

FERGFerguson Enterprises Inc.$109.97Mprior reported value-699.1K shares-100.0%NXPINxp Semiconductors N.v.$106.81Mprior reported value-521.8K shares-100.0%NPNNaspers Limited$102.61Mprior reported value-568.0K shares-100.0%ATVIActivision Blizzard, Inc.$78.09Mprior reported value-926.3K shares