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First Pacific Advisors, LP

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1377581
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Sector Allocation

  • Technology34.8%$2.8B
  • Financials16.9%$1.4B
  • Healthcare14.6%$1.2B
  • Consumer Discretionary8.6%$695.2M
  • Communication Services8.4%$677.4M
  • Materials7.5%$606.5M
  • Industrials4.5%$361.2M
  • Real Estate2.1%$169.4M
  • Energy1.5%$119.9M
  • Consumer Staples0.6%$51.7M

AUM History

13fpro.ai/research/fund/first-pacific-advisors-lp-1377581

Conviction and streaks

Diversifying · top 10 = 50.8%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

ADI$ADIConviction hold7.8% weight · held 10 quartersGOOG$GOOGConviction hold6.2% weight · held 10 quartersGOOG$GOOGConviction hold5.8% weight · held 10 quartersIFF$IFFConviction hold5.3% weight · held 10 quartersC$CConviction hold5.2% weight · held 10 quartersMTN$MTNAccumulating+276% shares · 8 quarters runningIFF$IFFAccumulating+36% shares · 7 quarters runningFBIN$FBINAccumulating+1457% shares · 7 quarters runningKMX$KMXAccumulating+26% shares · 7 quarters runningDOV$DOVAccumulating+150% shares · 7 quarters runningGOOG$GOOGTrimming-56% shares · 9 quarters runningMETA$METATrimming-34% shares · 9 quarters runningC$CTrimming-56% shares · 8 quarters runningWFC$WFCTrimming-85% shares · 8 quarters runningADI$ADITrimming-24% shares · 6 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/first-pacific-advisors-lp-1377581

First Pacific Advisors, LP 13F holdings — Q2 2026

$8.1B portfolio (+13.3% QoQ) · 75 holdings · Q2 2026 13F · top 10 are 51% of the stock portfolio

Includes $4.8M of put/call options ($4.8M puts, $0 calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $8.1B. Weights use the stock portfolio.

All holdings — First Pacific Advisors, LP (Q2 2026)

75 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
AON$AONAon plc$226.0M-3%
CCZ$CCZCOMCAST CORP$213.0M+1.0%
FBIN$FBINFortune Brands Innovations, Inc.$210.0M+0.9%
NXPI$NXPINXP Semiconductors N.V.$193.4M-11%
FERG$FERGFerguson Enterprises Inc. /DE/$186.7M-4%
MTN$MTNVAIL RESORTS INC$177.7M+11%
AMRZ$AMRZAmrize Ltd$169.4M+1.0%
BAX$BAXBAXTER INTERNATIONAL INC$162.4M+14%
KMX$KMXCARMAX INC$159.1M+0.9%
LBRDA$LBRDALiberty Broadband Corp$154.4M-0.0%
JEF$JEFJefferies Financial Group Inc.$135.2M+5%
TMO$TMOTHERMO FISHER SCIENTIFIC INC.$124.5M+12%
NOV$NOVNOV Inc.$118.6M+1%
BIO$BIOBIO-RAD LABORATORIES, INC.$118.0M-1%
ECHO$ECHOEchoStar CORPnote$114.2M—

What changed in Q2 2026

Against the previous quarter's 13F: 7 new, 30 added to, 18 trimmed, 18 sold out. Share-count changes; largest moves by dollar size first.

New positions (7)

  • DHR$DHRDANAHER CORP /DE/$107.6M

    first bought this quarter

  • INTU$INTUINTUIT INC.$86.6M

    first bought this quarter

  • SAP$SAPSAP SE$85.6M

    first bought this quarter

  • GEHC$GEHCGE HealthCare Technologies Inc.$53.0M

    first bought this quarter

  • INVESTMENT MANAGERS SER TR I - FPA GBL EQTY ETF$5.8M

    first bought this quarter

  • INVESTMENT MANAGERS SER TR I - FPA SHT DURA GOV$3.6M

    first bought this quarter

+1 more in the Excel export

Added to (30)

  • AJG$AJGArthur J. Gallagher & Co.+245%

    now $306.8M · held 2 qtrs, 2 adds in a row

  • PYPL$PYPLPayPal Holdings, Inc.+54%

    now $92.3M · held 2 qtrs, 2 adds in a row

  • CNH$CNHCNH Industrial N.V.+49%

    now $80.3M · held 2 qtrs, 2 adds in a row

  • BDX$BDXBECTON DICKINSON & CO+7%

    now $319.4M · held 4 qtrs, 4 adds in a row

  • BAX$BAXBAXTER INTERNATIONAL INC+14%

    now $162.4M · held 2 qtrs, 2 adds in a row

  • MTN$MTNVAIL RESORTS INC+11%

    now $177.7M · held 9 qtrs, 9 adds in a row

+24 more in the Excel export

Trimmed (18)

  • GOOGL$GOOGLAlphabet Inc.-16%

    now $503.4M · held 10+ qtrs, 9 trims in a row

  • MAR$MARMARRIOTT INTERNATIONAL INC /MD/-92%

    now $6.8M · held 10+ qtrs, 3 trims in a row

  • ICLR$ICLRICON PLC-39%

    now $105.4M · held 10+ qtrs

  • ADI$ADIANALOG DEVICES INC-7%

    now $634.9M · held 10+ qtrs, 4 trims in a row

  • NXPI$NXPINXP Semiconductors N.V.-11%

    now $193.4M · held 10+ qtrs

  • C$CCITIGROUP INC-5%

    now $422.2M · held 10+ qtrs, 7 trims in a row

+12 more in the Excel export

Sold out (18)

  • DELL$DELLDell Technologies Inc.was $62.9M

    held 9+ qtrs

  • KMI$KMIKINDER MORGAN, INC.was $44.7M

    held 9+ qtrs

  • GLD$GLDSPDR GOLD TRUSTwas $6.0M

    held 1 qtr

  • FNV$FNVFRANCO NEVADA Corpwas $1.6M

    held 1 qtr

  • CVX$CVXCHEVRON CORPwas $1.3M

    held 1 qtr

  • ROST$ROSTROSS STORES, INC.was $1.1M

+12 more in the Excel export

Firm AUM (Form ADV): $32.0B as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F First Pacific Advisors, LP has filed, 40 earlier quarters. Pick one to see what it held then.

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Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of First Pacific Advisors's top 20 holdings: 67/100 (our AI quality score, weighted by position size; 16 of the 20 are scored)

Top 10 since filing

-0.3%

Value-weighted move of the 10 largest stock positions

Turnover

7%

Last quarter; 31% over the last 4

Top 10 weight

51%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

82%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

First Pacific Advisors, LP disclosed 75 positions worth $8.1B in its Form 13F-HR for Q2 2026 — $8.1B in common stock plus $4.8M of put/call option positions (reported at underlying notional value, not premium at risk), led by $ADI (ANALOG DEVICES INC) at 7.8% of the equity portfolio, followed by $GOOGL and $GOOG. During the quarter the fund opened 7 new positions and exited 18 — including a new stake in $DHR and a full exit from $DELL. The portfolio is most concentrated in Technology (34.8% of disclosed assets). All figures are sourced directly from First Pacific Advisors, LP’s Form 13F-HR filing with the SEC under CIK 1377581.

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AI-Powered Hedge Fund Analysis: First Pacific Advisors, LP

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Every holding in First Pacific Advisors, LP's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.