FP

First Pacific Advisors, LP

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$7.1B

Reporting period: 2026-03-31 · Number of holdings: 86

First Pacific Advisors, LP disclosed 86 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $7.1B and a quarterly turnover rate of 25.1%.

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Personality snowflake

Concentration
14.91
Portfolio Stability
25.13
Momentum/Contrarian
100
Sector conviction
47.87
Diversification
100
Sizing Uniformity
85.18

Recent moves

  • Add LBRDK

    +73.9%　$103.8M

  • Trim GOOGL

    -11.9%　-$114.2M

  • Add ADI

    -8.1%　$39.7M

  • Trim NATL

    -94.6%　-$72.9M

  • Trim KMI

    -67.3%　-$67.4M

  • Trim ICLR

    +1.0%　-$69.0M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 85 holdings (of 86 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1ADIAnalog Devices INCStock-Tech7.68%+0.99%-8.09%
2GOOGLAlphabet Inc-cl AStock-Comm Services6.78%-1.10%-11.92%
3IFFIntl Flavors & FragrancesStock-Materials5.50%+0.78%+1.57%
4METAMeta Platforms Inc-class AStock-Comm Services5.45%-0.65%-3.06%
5GOOGAlphabet Inc-cl CStock-Comm Services5.36%-0.22%-1.22%
6CCitigroup INCStock-Financials5.04%-0.35%-9.46%
7TELTE Connectivity plcStock-Tech4.83%-0.50%-7.25%
8BDXBecton Dickinson And CoStock-Healthcare4.36%-0.63%+1.50%
9AMZNAmazon.com INCStock-Consumer Disc4.13%-0.16%+0.36%
10CMCSAComcast Corp-class AStock-Comm Services3.46%+0.15%+2.29%
11LBRDKLiberty Broadband-cStock-Comm Services3.27%+1.56%+73.92%
12AONAon plcStock-Financials3.18%+0.13%+7.12%
13FERGFerguson Enterprises INCStock-Industrials2.67%+0.07%-7.91%
14AMRZAmrize LtdStock-Materials2.47%+0.04%-7.68%
15NXPINXP Semiconductors N.V.Stock-Tech2.12%-0.07%+0.34%
16MTNVail Resorts INCStock-Consumer Disc2.11%+0.21%+8.15%
17FBINFortune Brands Innovations IStock-Industrials2.07%-0.25%+7.60%
18ECHO 3.875 11-30-30Echostar CORPStock-Comm Services1.83%—-6.97%
19KMXCarmax INCStock-Consumer Disc1.74%+0.25%+1.97%
20NOVNov INCStock-Energy1.67%—-21.91%
21BIOBio-rad Laboratories-aStock-Healthcare1.59%-0.01%+1.47%
22BAXBaxter International INCStock-Healthcare1.58%+1.58%NEW
23ICLRICON Public Limited CompanyStock-Healthcare1.54%-0.81%+1.05%
24TMOThermo Fisher Scientific INCStock-Healthcare1.53%-0.14%+1.52%
25JEFJefferies Financial Group InStock-Financials1.50%-0.60%+0.24%
26LPLALpl Financial Holdings INCStock-Financials1.35%-0.47%-17.24%
27AJGArthur J Gallagher & CoStock-Financials1.18%+1.18%NEW
28DEIDouglas Emmett INCStock-Other1.14%+0.20%+32.29%
29WATWaters CORPStock-Healthcare1.12%+1.12%NEW
30MARMarriott International -cl AStock-Consumer Disc1.07%-0.52%-40.30%
31UBERUber Technologies INCStock-Industrials0.98%-0.05%+1.74%
32WFCWells Fargo & CoStock-Financials0.97%-0.39%-21.36%
33WABWabtec CORPStock-Industrials0.91%-0.34%-41.35%
34AVTRAvantor INCStock-Healthcare0.89%+0.29%+103.82%
35PYPLPaypal Holdings INCStock-Financials0.88%+0.88%NEW
36DELLDell Technologies -cStock-Tech0.88%+0.25%—
37CNHCNH Industrial N.V.Stock-Industrials0.74%+0.74%NEW
38KMIKinder Morgan INCStock-Energy0.63%-0.85%-67.31%
39VNOVornado Realty TrustStock-Real Estate0.61%-0.12%+0.24%
40VYXNcr Voyix CORPStock-Tech0.48%-0.20%+7.28%
41MICCThe Magnum Ice Cream Company N.Stock-Consumer Staples0.47%+0.12%+32.84%
42PCGP G & E CORPStock-Utilities0.29%—+1.74%
43AVGOBroadcom INCStock-Tech0.27%-0.12%-27.46%
44MRSHMarsh & Mclennan CosStock-Financials0.26%+0.26%NEW
45ECHOEchostar Corp-aStock-Comm Services0.15%-0.26%-67.10%
46RUSHARush Enterprises Inc-cl AStock-Consumer Disc0.12%—-12.83%
47STGWStagwell INCStock-Other0.11%——
48TDWTidewater INCStock-Energy0.10%—-13.07%
49VBILVanguard 0-3m T-bill ETFETF-Other0.10%+0.10%NEW
50GLDSpdr Gold SharesETF-Commodities0.08%+0.08%NEW
1–50 of 85

Holding changes this quarter

First Pacific Advisors, LP's most significant position changes for 2026-03-31: New buy: Baxter International INC (BAX); Sold out: Charter Communications Inc-a (CHTR); New buy: Arthur J Gallagher & Co (AJG); New buy: Waters CORP (WAT); New buy: Paypal Holdings INC (PYPL).

Position changes disclosed by First Pacific Advisors, LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1LBRDKLiberty Broadband-c+1.6%+73.92%Add
2ADIAnalog Devices INC+1%-8.09%Trim
3IFFIntl Flavors & Fragrances+0.8%+1.57%Add
4AVTRAvantor INC+0.3%+103.82%Add
5DELLDell Technologies -c+0.3%—Unchanged
6KMXCarmax INC+0.3%+1.97%Add
7MTNVail Resorts INC+0.2%+8.15%Add
8DEIDouglas Emmett INC+0.2%+32.29%Add
9CMCSAComcast Corp-class A+0.2%+2.29%Add
10AONAon plc+0.1%+7.12%Add
11MICCThe Magnum Ice Cream Company N.+0.1%+32.84%Add
12FERGFerguson Enterprises INC+0.1%-7.91%Trim
13AMRZAmrize Ltd0%-7.68%Trim
14NOVNov INC—-21.91%Trim
15BIOBio-rad Laboratories-a0%+1.47%Add
16UBERUber Technologies INC-0.1%+1.74%Add
17NXPINXP Semiconductors N.V.-0.1%+0.34%Add
18VNOVornado Realty Trust-0.1%+0.24%Add
19AVGOBroadcom INC-0.1%-27.46%Trim
20TMOThermo Fisher Scientific INC-0.1%+1.52%Add
21AMZNAmazon.com INC-0.2%+0.36%Add
22VYXNcr Voyix CORP-0.2%+7.28%Add
23GOOGAlphabet Inc-cl C-0.2%-1.22%Trim
24FBINFortune Brands Innovations I-0.3%+7.60%Add
25ECHOEchostar Corp-a-0.3%-67.10%Trim
26WABWabtec CORP-0.3%-41.35%Trim
27CCitigroup INC-0.4%-9.46%Trim
28WFCWells Fargo & Co-0.4%-21.36%Trim
29LPLALpl Financial Holdings INC-0.5%-17.24%Trim
30TELTE Connectivity plc-0.5%-7.25%Trim
31MARMarriott International -cl A-0.5%-40.30%Trim
32JEFJefferies Financial Group In-0.6%+0.24%Add
33BDXBecton Dickinson And Co-0.6%+1.50%Add
34METAMeta Platforms Inc-class A-0.7%-3.06%Trim
35ICLRICON Public Limited Company-0.8%+1.05%Add
36KMIKinder Morgan INC-0.9%-67.31%Trim
37NATLNcr Atleos CORP-1%-94.56%Trim
38GOOGLAlphabet Inc-cl A-1.1%-11.92%Trim
39BAXBaxter International INC—NEWNew buy
40CHTRCharter Communications Inc-a—EXITSold out
41AJGArthur J Gallagher & Co—NEWNew buy
42WATWaters CORP—NEWNew buy
43PYPLPaypal Holdings INC—NEWNew buy
44CNHCNH Industrial N.V.—NEWNew buy
45GPORGulfport Energy CORP—EXITSold out
46MRSHMarsh & Mclennan Cos—NEWNew buy
47VBILVanguard 0-3m T-bill ETF—NEWNew buy
48GLDSpdr Gold Shares—NEWNew buy
49EQPTEquipmentshare.com Inc-a—NEWNew buy
50SGOVIshares 0-3 Month Treasury B—EXITSold out

FAQ

What is First Pacific Advisors, LP and what type of investor is it?
First Pacific Advisors, LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $7.1B, spread across 86 disclosed positions.
What are First Pacific Advisors, LP's largest equity positions?
Based on the latest 13F filing, First Pacific Advisors, LP's top holdings by market value are: 1. Analog Devices INC (ADI) — $548.2M (7.7%) 2. Alphabet Inc-cl A (GOOGL) — $484.1M (6.8%) 3. Intl Flavors & Fragrances (IFF) — $392.5M (5.5%) 4. Meta Platforms Inc-class A (META) — $389.4M (5.5%) 5. Alphabet Inc-cl C (GOOG) — $382.4M (5.4%)
What changes did First Pacific Advisors, LP make in its most recent portfolio filing?
In the latest reported quarter, First Pacific Advisors, LP made 49 notable position adjustments: 9 new positions were initiated, 20 existing holdings were added to, 17 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Baxter International INC (BAX); Sold out: Charter Communications Inc-a (CHTR); New buy: Arthur J Gallagher & Co (AJG); New buy: Waters CORP (WAT); New buy: Paypal Holdings INC (PYPL)
What sectors does First Pacific Advisors, LP focus on?
First Pacific Advisors, LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Communication Services: 26.8% • Information Technology: 16.6% • Financials: 14.6% • Health Care: 12.8% • Consumer Discretionary: 9.5% • Materials: 8.2%

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