N-PORT filing recap · December 2025
What did FPA Crescent Fund buy in December 2025?
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
$7.07B
Positions
73
Estimated turnover
30.9%
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.
Period in review
FPA Crescent Fund opened new positions in Becton Dickinson, Azelis Group, Amrize, Liberty Broadband, Nippon Paint, Magnum Ice Cream, Nov, Thermo Fisher Scientific, Merck KGaA, IMCD, Grupo Mexico, Hirose Electric, Sodexo, Avantor, and Rohto Pharmaceutical. It exited Howmet Aerospace, Green Thumb Industries, Delivery Hero, and Nexon. Among existing holdings, the fund trimmed Comcast, EchoStar, and Shiseido substantially, while adding to Fortune Brands Innovations, Pernod Ricard, CarMax, Orion, NCR Voyix, and Hoshizaki.