First Pacific Advisors, LP

CIK 0001377581 · Q1 2026

13F Equity AUM

$7.1B

-6.0% QoQ

Positions

+20 QoQ

AUM Rank

#800

Top 6%

Skill Alpha (FF)

+2.0%/yr^ns

No Clear Edge

Rank #1,158 · Top 14%

vs S&P +0.5%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 30.8%Top 10: 52.6%Top 20: 75.7%

ADI7.7%

GOOGL6.8%

IFF5.5%

META5.5%

GOOG5.4%

TRVC5.0%

TEL4.8%

BDX4.4%

AMZN4.1%

CMCSA3.5%

Others (73)47.4%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Communication Services24.5%

Technology19.3%

Healthcare12.7%

Financial Services9.6%

Consumer Cyclical9.3%

Basic Materials8.1%

Industrials6.5%

Unclassified5.1%

Other5.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 83Median: 0.29%Avg: 1.20%

0–0.5%

44(3.2%)

0.5–1%

9(7.5%)

1–3%

18(30.3%)

3–5%

6(23.2%)

5%+

6(35.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 82Unique: 1vs 20 funds

1.1%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

MORGAN STANLEY

1.5%

BANK OF AMERICA CORP /DE/

1.6%

STATE STREET CORP

2.3%

VANGUARD CAPITAL MANAGEMENT LLC

2.3%

GEODE CAPITAL MANAGEMENT, LLC

2.2%

JPMORGAN CHASE & CO

1.6%

VANGUARD PORTFOLIO MANAGEMENT LLC

2.6%

FMR LLC

2.4%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New27Increased22Decreased24Exited5

New Positions

BAX1.6%

+6.7M

AJG1.2%

+388K

WAT1.1%

+267K

PYPL0.9%

+1.4M

CNHI0.7%

+4.8M

MRSH0.3%

+109K

VBIL0.1%

+90K

GQ90.1%

+14K

EQUIPMENTSHARE COM I…0.1%

+286K

DG0.0%

+9K

Increased

AVTR0.9%

+4.1M(+104%)

DEI1.1%

+2.1M(+32%)

LBRDK3.3%

+2.0M(+74%)

MICC0.5%

+557K(+33%)

VYX0.5%

+367K(+7%)

FBIN2.1%

+268K(+8%)

CMCSA3.5%

+193K(+2%)

MTN2.1%

+89K(+8%)

IFF5.5%

+84K(+2%)

KMX1.7%

+58K(+2%)

Decreased

KMI0.6%

-2,743,789(-67%)

SATS 3.875 11/30/301.8%

-2,738,000(-7%)

NATL0.1%

-1,929,767(-95%)

NOV1.7%

-1,773,052(-22%)

TRVC5.0%

-331,719(-9%)

AMRZ2.5%

-261,689(-8%)

WFC1.0%

-237,098(-21%)

GOOGL6.8%

-227,936(-12%)

SATS0.1%

-191,867(-67%)

WAB0.9%

-183,816(-41%)

Exited

-461,525

-127,434

-40,837

-101,485

-52,447

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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