N-PORT filing recap · December 2023

What did FPA Crescent Fund buy in December 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

$5.89B

Positions

Estimated turnover

15.6%

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

PRXProsus N.v.$85.87Mreported value+2.88M shares NATLNcr Atleos Corporation$29.83Mreported value+1.23M shares

Increased positions

CCitigroup Inc$229.04Mreported value+778.9K shares+21.2%IFFInternational Flavors & Fragrances Inc$210.23Mreported value+27.0K shares+1.0%HEIOHeineken Holding N.v.$176.78Mreported value+139.2K shares+7.1%7974Nintendo Co., Ltd.$84.90Mreported value+84.3K shares

Reduced positions

HOLNHolcim AG$325.00Mreported value-142.5K shares-3.3%GOOGLAlphabet Inc.$296.68Mreported value-12.7K shares-0.6%ADIAnalog Devices, Inc.$289.03Mreported value-9.6K shares-0.7%METAMeta Platforms, Inc.$257.70Mreported value-106.4K shares

Exited positions

NPNNaspers Limited$90.76Mprior reported value-568.0K shares-100.0%271560Orion Corp$3.03Mprior reported value-31.8K shares-100.0%CFRAOCompagnie Financière Richemont SA$1.87Mprior reported value-2.52M shares-100.0%AAC.WSAres Acquisition Corp III$65.4Kprior reported value-98.9K shares