First Pacific Advisors, LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), First Pacific Advisors, LP reported 55 stock positions worth $6.9 billion. Its top holding was Meta Platforms Class A (META) at 7.5% of the portfolio, followed by Alphabet Class A (GOOGL, 7.3%) and Citigroup (C, 6.9%). Compared with Q3 2024, it opened 1 new position, sold out of 3, added to 14 and reduced 28. The biggest buy was Alphabet Class C (GOOG, shares +0%) and the biggest sale Uber Technologies (UBER, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- EL SEGUNDO, CA
- CIK
- 0001377581
- Portfolio Value
- $6.9B (Q4 2024)
- SEC Filing
- 0001377581-25-000003 ↗ filed Feb 7, 2025
Holdings Value
Holdings 55 stocks · $6.9B
| META Meta Platforms Inc. Class A | 7.53% | 892,456 | $522.5M | Reduce -2.0% |
| GOOGL Alphabet Inc. Class A | 7.34% | 2,689,681 | $509.2M | Reduce -4.6% |
| C Citigroup Inc. | 6.86% | 6,760,177 | $475.8M | Reduce -1.2% |
| ADI Analog Devices Inc. | 6.46% | 2,110,767 | $448.5M | Add +0.4% |
| CMCSA Comcast Corp. Class A | 5.88% | 10,868,463 | $407.9M | Add +0.6% |
| TEL Te Connectivity PLC | 5.49% | 2,662,439 | $380.6M | Reduce -2.8% |
| GOOG Alphabet Inc. Class C | 4.98% | 1,816,429 | $345.9M | Add +0.0% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 4.91% | 4,029,773 | $340.7M | Add +0.6% |
| AMZN Amazon.com Inc. | 4.85% | 1,534,902 | $336.7M | Reduce -6.2% |
| WFC Wells Fargo & Co. | 3.82% | 3,769,719 | $264.8M | Reduce -28.5% |
| AON Aon PLC Class A | 3.77% | 728,493 | $261.6M | Reduce -0.8% |
| JEF Jefferies Financial Group Inc. | 3.16% | 2,801,498 | $219.6M | Reduce -28.4% |
| CHTR Charter Communications Inc. Class A | 3.03% | 614,122 | $210.5M | Add +0.6% |
| KMI Kinder Morgan Inc. | 3.00% | 7,608,900 | $208.5M | Reduce -7.1% |
| KMX Carmax Inc. | 2.82% | 2,397,062 | $196.0M | Add +0.6% |
| FERG Ferguson Enterprises Inc. | 2.76% | 1,102,740 | $191.4M | Add +0.4% |
| NXPI NXP Semiconductors NV | 2.35% | 783,232 | $162.8M | Add +0.6% |
| MAR Marriott International Class A | 2.23% | 555,259 | $154.9M | Reduce -9.3% |
| LPLA LPL Financial Holdings Inc. | 2.16% | 458,289 | $149.6M | Reduce -0.0% |
| DEI Douglas Emmett Inc. | 1.43% | 5,338,673 | $99.1M | Reduce -2.9% |
| MTN Vail Resorts Inc. | 1.41% | 522,285 | $97.9M | Add +12.4% |
| ICLR Icon PLC | 1.37% | 451,757 | $94.7M | Add +27.7% |
| WAB Wabtec Corp. | 1.29% | 472,657 | $89.6M | Reduce -20.2% |
| AVGO Broadcom Inc. | 1.20% | 358,276 | $83.1M | Reduce -44.2% |
| HWM Howmet Aerospace Inc. | 1.15% | 729,258 | $79.8M | Reduce -28.5% |
| NATL NCR Atleos Corp. | 1.12% | 2,289,835 | $77.7M | Reduce -0.0% |
| VNO Vornado Realty Trust | 1.09% | 1,797,749 | $75.6M | Reduce -6.7% |
| UBER Uber Technologies Inc. | 1.04% | 1,191,597 | $71.9M | Reduce -16.9% |
| GPOR Gulfport Energy Corp. | 0.91% | 344,320 | $63.4M | Reduce -10.0% |
| BIO Bio-Rad Laboratories-A | 0.75% | 157,850 | $51.9M | Reduce -0.0% |
| DELL Dell Technologies -C | 0.69% | 418,505 | $48.2M | Reduce -3.2% |
| VYX NCR Voyix Corp. | 0.69% | 3,464,324 | $47.9M | Reduce -0.0% |
| NOV Nov Inc. | 0.57% | 2,705,128 | $39.5M | New |
| ECHO Echostar Corp. Class A | 0.35% | 1,051,342 | $24.1M | Reduce -0.0% |
| PCG P G & E Corp. | 0.31% | 1,080,427 | $21.8M | Reduce -5.8% |
| FBIN Fortune Brands Innovations I | 0.24% | 247,018 | $16.9M | Add +0.6% |
| LAUR Laureate Education Inc. | 0.19% | 726,055 | $13.3M | Reduce -11.4% |
| RUSHA Rush Enterprises Inc. Class A | 0.15% | 183,942 | $10.1M | No change |
| STGW Stagwell Inc. | 0.11% | 1,123,516 | $7.4M | Add +4.7% |
| SGOV iShares 0-3 Month Treasury B | 0.08% | 55,996 | $5.6M | Add +35.8% |
| TDW Tidewater Inc. | 0.07% | 94,961 | $5.2M | No change |
| OEC Orion SA | 0.07% | 318,477 | $5.0M | No change |
| ALGT Allegiant Travel Co. | 0.05% | 34,186 | $3.2M | No change |
| NFLX Netflix Inc. | 0.04% | 2,799 | $2.5M | Reduce -94.2% |
| PDLB Ponce Financial Group Inc. | 0.03% | 181,562 | $2.4M | No change |
| ESGR Enstar Group Ltd. | 0.03% | 6,901 | $2.2M | No change |
| EBC Eastern Bankshares Inc. | 0.03% | 121,689 | $2.1M | No change |
| PBFS Pioneer Bancorp Inc. | 0.03% | 166,974 | $1.9M | No change |
| NX Quanex Building Products | 0.03% | 75,057 | $1.8M | Reduce -47.3% |
| VT Vanguard Tot World STK ETF | 0.03% | 15,064 | $1.8M | Add +13.4% |
| UPWK Upwork Inc. | 0.02% | 104,881 | $1.7M | No change |
| PARR Par Pacific Holdings Inc. | 0.02% | 71,812 | $1.2M | No change |
| MAC COPPER LTD | 0.01% | 66,447 | $706K | No change |
| SHC Sotera Health Co. | 0.01% | 45,480 | $622K | No change |
| CIGI Colliers Intl GR-Subord Vot | 0.01% | 3,450 | $469K | Reduce -79.5% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $56.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 53,978,000 | $51.8M | Reduce -48.6% |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 4,976,000 | $4.6M | No change |
Total filed on the 13F, all lines: $7.0B.
Portfolio Sells Q3 2024 → Q4 2024
| UBER Uber Technologies Inc. | Reduce -16.9% | 1.04% | −0.49 |
| NFLX Netflix Inc. | Reduce -94.2% | 0.04% | −0.45 |
| WFC Wells Fargo & Co. | Reduce -28.5% | 3.82% | −0.40 |
| AVGO Broadcom Inc. | Reduce -44.2% | 1.20% | −0.37 |
| TEL Te Connectivity PLC | Reduce -2.8% | 5.49% | −0.37 |
| HWM Howmet Aerospace Inc. | Reduce -28.5% | 1.15% | −0.30 |
| JEF Jefferies Financial Group Inc. | Reduce -28.4% | 3.16% | −0.25 |
| WAB Wabtec Corp. | Reduce -20.2% | 1.29% | −0.23 |
| HLF Herbalife Ltd. | Sold out | 0.00% | −0.19 |
| PPLI People Inc. | Sold out | 0.00% | −0.04 |
| DELL Dell Technologies -C | Reduce -3.2% | 0.69% | −0.03 |
| NX Quanex Building Products | Reduce -47.3% | 0.03% | −0.03 |
| CIGI Colliers Intl GR-Subord Vot | Reduce -79.5% | 0.01% | −0.03 |
| ECHO Echostar Corp. Class A | Reduce -0.0% | 0.35% | −0.02 |
| PCG P G & E Corp. | Reduce -5.8% | 0.31% | −0.01 |
| RSVR Reservoir Media Inc. | Sold out | 0.00% | −0.00 |
| LAUR Laureate Education Inc. | Reduce -11.4% | 0.19% | −0.00 |
| BIO Bio-Rad Laboratories-A | Reduce -0.0% | 0.75% | −0.00 |
| VNO Vornado Realty Trust | Reduce -6.7% | 1.09% | +0.01 |
| VYX NCR Voyix Corp. | Reduce -0.0% | 0.69% | +0.03 |
| DEI Douglas Emmett Inc. | Reduce -2.9% | 1.43% | +0.06 |
| MAR Marriott International Class A | Reduce -9.3% | 2.23% | +0.08 |
| GPOR Gulfport Energy Corp. | Reduce -10.0% | 0.91% | +0.09 |
| META Meta Platforms Inc. Class A | Reduce -2.0% | 7.53% | +0.15 |
| AON Aon PLC Class A | Reduce -0.8% | 3.77% | +0.17 |
| NATL NCR Atleos Corp. | Reduce -0.0% | 1.12% | +0.19 |
| KMI Kinder Morgan Inc. | Reduce -7.1% | 3.00% | +0.44 |
| AMZN Amazon.com Inc. | Reduce -6.2% | 4.85% | +0.53 |
| LPLA LPL Financial Holdings Inc. | Reduce -0.0% | 2.16% | +0.65 |
| GOOGL Alphabet Inc. Class A | Reduce -4.6% | 7.34% | +0.72 |
| C Citigroup Inc. | Reduce -1.2% | 6.86% | +0.79 |
Portfolio Buys Q3 2024 → Q4 2024
| GOOG Alphabet Inc. Class C | Add +0.0% | 4.98% | +0.69 |
| NOV Nov Inc. | New | 0.57% | +0.57 |
| MTN Vail Resorts Inc. | Add +12.4% | 1.41% | +0.26 |
| CHTR Charter Communications Inc. Class A | Add +0.6% | 3.03% | +0.23 |
| KMX Carmax Inc. | Add +0.6% | 2.82% | +0.21 |
| SGOV iShares 0-3 Month Treasury B | Add +35.8% | 0.08% | +0.02 |
| VT Vanguard Tot World STK ETF | Add +13.4% | 0.03% | +0.00 |
| STGW Stagwell Inc. | Add +4.7% | 0.11% | −0.00 |
| FBIN Fortune Brands Innovations I | Add +0.6% | 0.24% | −0.07 |
| ICLR Icon PLC | Add +27.7% | 1.37% | −0.07 |
| NXPI NXP Semiconductors NV | Add +0.6% | 2.35% | −0.30 |
| FERG Ferguson Enterprises Inc. | Add +0.4% | 2.76% | −0.33 |
| ADI Analog Devices Inc. | Add +0.4% | 6.46% | −0.39 |
| CMCSA Comcast Corp. Class A | Add +0.6% | 5.88% | −0.51 |
| IFF Intl Flavors & Fragrances | Add +0.6% | 4.91% | −1.04 |
Notes & Other Activity Q3 2024 → Q4 2024
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | Reduce -48.6% | 53,978,000 | $51.8M |
| ZILLOW GROUP INC (Z 1.375 09/01/26) | NOTE 1.375% 9/0 · principal | Sold out | 14,421,000 | $21.2Mbefore exit |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | Sold out | 8,900,000 | $8.1Mbefore exit |
| ZILLOW GROUP INC (Z 2.75 05/15/25) | NOTE 2.750% 5/1 · principal | Sold out | 1,990,000 | $2.2Mbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 72 | $8.0B | ADI, GOOGL, GOOG, IFF, C |
| Q1 2026 | 83 | $7.0B | ADI, GOOGL, IFF, META, GOOG |
| Q4 2025 | 61 | $7.5B | GOOGL, ADI, META, GOOG, C |
| Q3 2025 | 59 | $7.1B | GOOGL, META, ADI, TEL, C |
| Q2 2025 | 60 | $6.9B | META, ADI, TEL, C, GOOGL |
| Q1 2025 | 55 | $6.2B | META, ADI, C, CMCSA, GOOGL |
| Q4 2024 | 55 | $6.9B | META, GOOGL, C, ADI, CMCSA |
| Q3 2024 | 57 | $7.1B | META, ADI, GOOGL, CMCSA, C |
| Q2 2024 | 57 | $7.3B | GOOGL, ADI, META, C, CMCSA |
| Q1 2024 | 56 | $7.0B | META, GOOGL, CMCSA, C, ADI |