First Pacific Advisors Portfolio holdings
First Pacific Advisors, known as FPA, is a value investing firm whose own professionals bought it back from its corporate parent, Old Mutual U.S., in 2006. It began in 1954 as a mutual fund company called Shareholders Management Company, and took the name FPA in 1976. Steven Romick, who with David Brookman controls the firm, launched the FPA Crescent Fund in 1993 and brought it to the firm in 1996. FPA looks for assets worth more than their market price, treats risk as the chance of permanent capital loss rather than volatility, and builds portfolios from the ground up through research.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Arthur J. Gallagher & Co
AJG
|
+$201M |
| 2 |
Intuit
INTU
|
+$116M |
| 3 |
Danaher
DHR
|
+$103M |
| 4 |
SAP
SAP
|
+$94.7M |
| 5 |
GE HealthCare
GEHC
|
+$54.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$99M |
| 2 |
Marriott International
MAR
|
+$79M |
| 3 |
Dell
DELL
|
+$62.9M |
| 4 |
Analog Devices
ADI
|
+$49.3M |
| 5 |
Icon
ICLR
|
+$49M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 21.55% |
| 2 | Technology | 17.97% |
| 3 | Financials | 16.87% |
| 4 | Healthcare | 14.55% |
| 5 | Consumer Discretionary | 8.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
Dollar General
DG
$30.3B
| – | – |
-9,077
| Closed | -$1.08M | – |
|
77
Walt Disney
DIS
$207B
| – | – |
-7,872
| Closed | -$759K | – |
|
78
Eastern Bankshares
EBC
$5.16B
| – | – |
-83
| Closed | -$1.62K | – |
|
79
Emerson Electric
EMR
$91.6B
| – | – |
-8,426
| Closed | -$1.1M | – |
|
80
Franco-Nevada
FNV
$48B
| – | – |
-6,611
| Closed | -$1.63M | – |
|
81
SPDR Gold Trust
GLD
$133B
| – | – |
-13,995
| Closed | -$6.02M | – |
|
82
W.W. Grainger
GWW
$69.6B
| – | – |
-669
| Closed | -$730K | – |
|
83
Henry Schein
HSIC
$9.8B
| – | – |
-9,914
| Closed | -$731K | – |
|
84
Kinder Morgan
KMI
$70.4B
| – | – |
-1,332,715
| Closed | -$44.7M | – |
|
85
McDonald's
MCD
$194B
| – | – |
-2,142
| Closed | -$666K | – |
|
86
Envista
NVST
$4.06B
| – | – |
-30,397
| Closed | -$771K | – |
|
87
O'Reilly Automotive
ORLY
$72.6B
| – | – |
-8,355
| Closed | -$771K | – |
|
88
Ross Stores
ROST
$77.1B
| – | – |
-5,154
| Closed | -$1.12M | – |
|
89
ScottsMiracle-Gro
SMG
$3.79B
| – | – |
-7,357
| Closed | -$447K | – |
|
90
Tesla
TSLA
$1.54T
| – | – |
-3,000
| Closed | -$1.12M | – |
|
91
Corpay
CPAY
$29.6B
| – | – |
-2,147
| Closed | -$625K | – |
|
Similar funds
First Pacific Advisors's Q2 2026 Portfolio in Review
As of Q2 2026, First Pacific Advisors held 93 positions worth $8.09B, up 13% from $7.14B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
First Pacific Advisors's Q2 2026 filing shows 7 new, 29 increased, 19 reduced and 18 closed positions. Its largest new stake was Intuit: 331,964 shares worth $86.6M. The largest sale was Alphabet (Google) Class A, an estimated $99M.
By sector, the portfolio is most concentrated in Communication Services at 22% of assets, down from 25% a quarter earlier, followed by Technology and Financials.
- First Pacific Advisors's largest Q2 2026 buy was Intuit: 331,964 shares worth $86.6M.
- First Pacific Advisors added most to Arthur J. Gallagher & Co in Q2 2026, an estimated $201M increase.
- First Pacific Advisors's biggest Q2 2026 reduction was Alphabet (Google) Class A, cutting an estimated $99M.
- First Pacific Advisors fully exited Dell in Q2 2026, selling an estimated $62.9M.
- First Pacific Advisors's ten largest holdings make up 51% of its $8.09B portfolio in Q2 2026.
- First Pacific Advisors opened 7 new positions and closed 18 in Q2 2026.
- First Pacific Advisors's portfolio value rose 13% quarter-over-quarter to $8.09B.
Based on First Pacific Advisors's 13F filing for Q2 2026, filed 14 Aug 2026.