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First Pacific Advisors, LP

CIK:0001377581
Asset Manager
$7B AUM
63 holdings
El Segundo, CA, USA
Founded:1954
80 employees
fpa.com
Latest filing:Jun 30, 2025

First Pacific Advisors, LP is an investment management firm based in El Segundo, California. It is known for offering traditional and alternative investment strategies to institutional and individual investors. The firm manages a variety of funds, including mutual funds and ETFs, and has a longstanding reputation in value-oriented investing. Founded in 1954, First Pacific Advisors serves a global client base, leveraging decades of experience and expertise in asset management for both retail and institutional clients.

Investment Strategy

First Pacific Advisors, LP employs a fundamental, research-driven investment strategy focused on long-term value creation. The firm manages equities, fixed income, and alternative strategies, often emphasizing capital preservation. Their philosophy centers on deep bottom-up analysis, risk management, and investing with a margin of safety across a range of asset classes. FPA combines both absolute and relative value approaches, aiming for strong risk-adjusted returns for their clients over extended periods.

Latest 13F Filing Activity

First Pacific Advisors, LP filed their most recent 13F report on Jun 30, 2025 disclosing 59 equity positions with a total 13F market value of $7B. The fund increased holdings in Meta Platforms Inc., Ferguson Enterprises Inc., Analog Devices Inc. among other positions. First Pacific Advisors, LP reduced exposure to Aon PLC, Wells Fargo Co. New, Carmax Inc. among others.

Top Buys
M
METAMETA PLATFORMS INC
+$122.5M
F
FERGFERGUSON ENTERPRISES INC
+$73.0M
A
ADIANALOG DEVICES INC
+$71.7M
T
TELTE CONNECTIVITY PLC
+$68.9M
A
AMZNAMAZON COM INC
+$45.4M
Top Sells
A
AONAON PLC
-$38.8M
W
WFCWELLS FARGO CO NEW
-$25.7M
K
KMXCARMAX INC
-$24.8M
G
GPORGULFPORT ENERGY CORP
-$20.1M
I
IFFINTERNATIONAL FLAVORS&FRAGRA
-$12.9M

Top Holdings

M
METAMETA PLATFORMS INC
+8.2%$573.5M
A
ADIANALOG DEVICES INC
+7.1%$496.3M
T
TELTE CONNECTIVITY PLC
+6.4%$448.1M
C
CCITIGROUP INC
+6.4%$447.1M
G
GOOGLALPHABET INC
+6.3%$436.8M

Equity Positions (59)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
M
META
META PLATFORMS INC8.21%$573.5M777,005$167.37$738.09+$122.5M
A
ADI
ANALOG DEVICES INC7.10%$496.3M2,085,045$58.35$238.02+$71.7M
T
TEL
TE CONNECTIVITY PLC6.41%$448.1M2,656,748$150.92$168.67+$68.9M
C
C
CITIGROUP INC6.40%$447.1M5,253,021$49.21$85.12+$36.9M
G
GOOGL
ALPHABET INC6.25%$436.8M2,478,411$48.42$176.23+$41.6M

Industry Allocation

SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+22.5%
SEMICONDUCTORS & RELATED DEVICES
+10.0%
CABLE & OTHER PAY TELEVISION SERVICES
+9.3%
NATIONAL COMMERCIAL BANKS
+8.7%
WHOLESALE-HARDWARE & PLUMBING & HEATING EQUIPMENT & SUPPLIES
+7.8%

Investment Team (19)

NameRoleLocationLinkedIn
B
Byron Sun		Investment AnalystNew York, NY , United States
Ed Nebens
Ed Nebens		Head Of TradingLos Angeles, CA , United States
Felix Moy
Felix Moy		Vice President - TradingLos Angeles, CA , United States
Jason Kiredjian
Jason Kiredjian		Vice President, Senior AnalystLos Angeles, CA , United States
J
Joe Choi		Investment AnalystLos Angeles, CA , United States
Kyle Allen-Niesen
Kyle Allen-Niesen		Investment AnalystLos Angeles, CA , United States
Mark Hancock
Mark Hancock		PartnerLos Angeles, CA , United States
Scott Cendrowski
Scott Cendrowski		Vice President, analystLos Angeles, CA , United States
Vincent Huynh
Vincent Huynh		Vice President Trading Desk AnalystLos Angeles, CA , United States
A
Abhi Patwardhan		Portfolio ManagerLos Angeles, CA , United States
Showing 1-10 of 19 team members