First Pacific Advisors, LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), First Pacific Advisors, LP reported 55 stock positions worth $6.2 billion. Its top holding was Meta Platforms Class A (META) at 7.3% of the portfolio, followed by Analog Devices (ADI, 6.9%) and Citigroup (C, 6.6%). Compared with Q4 2024, it opened 2 new positions, sold out of 2, added to 18 and reduced 26. The biggest buy was Bio-Rad Laboratories-A (BIO, shares +136%) and the biggest sale Alphabet Class A (GOOGL, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- EL SEGUNDO, CA
- CIK
- 0001377581
- Portfolio Value
- $6.2B (Q1 2025)
- SEC Filing
- 0001377581-25-000004 ↗ filed May 6, 2025
Holdings Value
Holdings 55 stocks · $6.2B
| META Meta Platforms Inc. Class A | 7.30% | 782,479 | $451.0M | Reduce -12.3% |
| ADI Analog Devices Inc. | 6.87% | 2,105,456 | $424.6M | Reduce -0.3% |
| C Citigroup Inc. | 6.64% | 5,778,727 | $410.2M | Reduce -14.5% |
| CMCSA Comcast Corp. Class A | 6.54% | 10,956,640 | $404.3M | Add +0.8% |
| GOOGL Alphabet Inc. Class A | 6.39% | 2,555,321 | $395.2M | Reduce -5.0% |
| TEL Te Connectivity PLC | 6.13% | 2,683,212 | $379.2M | Add +0.8% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 5.10% | 4,062,075 | $315.3M | Add +0.8% |
| AMZN Amazon.com Inc. | 4.45% | 1,446,007 | $275.1M | Reduce -5.8% |
| AON Aon PLC Class A | 4.39% | 680,012 | $271.4M | Reduce -6.7% |
| GOOG Alphabet Inc. Class C | 4.04% | 1,599,254 | $249.9M | Reduce -12.0% |
| CHTR Charter Communications Inc. Class A | 3.69% | 619,009 | $228.1M | Add +0.8% |
| FERG Ferguson Enterprises Inc. | 3.24% | 1,251,631 | $200.5M | Add +13.5% |
| WFC Wells Fargo & Co. | 3.05% | 2,628,517 | $188.7M | Reduce -30.3% |
| KMX Carmax Inc. | 3.05% | 2,415,974 | $188.3M | Add +0.8% |
| LPLA LPL Financial Holdings Inc. | 2.42% | 457,941 | $149.8M | Reduce -0.1% |
| NXPI NXP Semiconductors NV | 2.33% | 756,686 | $143.8M | Reduce -3.4% |
| JEF Jefferies Financial Group Inc. | 2.24% | 2,580,823 | $138.3M | Reduce -7.9% |
| MTN Vail Resorts Inc. | 2.09% | 805,584 | $128.9M | Add +54.2% |
| KMI Kinder Morgan Inc. | 2.06% | 4,471,851 | $127.6M | Reduce -41.2% |
| MAR Marriott International Class A | 1.71% | 445,066 | $106.0M | Reduce -19.9% |
| ICLR Icon PLC | 1.55% | 546,947 | $95.7M | Add +21.1% |
| BIO Bio-Rad Laboratories-A | 1.47% | 372,555 | $90.7M | Add +136.0% |
| UBER Uber Technologies Inc. | 1.42% | 1,201,244 | $87.5M | Add +0.8% |
| DEI Douglas Emmett Inc. | 1.38% | 5,335,163 | $85.4M | Reduce -0.1% |
| HWM Howmet Aerospace Inc. | 1.28% | 607,906 | $78.9M | Reduce -16.6% |
| WAB Wabtec Corp. | 1.26% | 429,960 | $78.0M | Reduce -9.0% |
| VNO Vornado Realty Trust | 1.00% | 1,676,858 | $62.0M | Reduce -6.7% |
| NATL NCR Atleos Corp. | 0.98% | 2,288,255 | $60.4M | Reduce -0.1% |
| GPOR Gulfport Energy Corp. | 0.88% | 296,979 | $54.7M | Reduce -13.8% |
| NOV Nov Inc. | 0.86% | 3,492,196 | $53.2M | Add +29.1% |
| FBIN Fortune Brands Innovations I | 0.78% | 792,517 | $48.2M | Add +220.8% |
| DELL Dell Technologies -C | 0.62% | 418,505 | $38.1M | No change |
| VYX NCR Voyix Corp. | 0.58% | 3,702,391 | $36.1M | Add +6.9% |
| AVGO Broadcom Inc. | 0.53% | 195,035 | $32.7M | Reduce -45.6% |
| ECHO Echostar Corp. Class A | 0.43% | 1,050,542 | $26.9M | Reduce -0.1% |
| PCG P G & E Corp. | 0.30% | 1,089,398 | $18.7M | Add +0.8% |
| RUSHA Rush Enterprises Inc. Class A | 0.15% | 172,637 | $9.2M | Reduce -6.2% |
| LAUR Laureate Education Inc. | 0.14% | 426,781 | $8.7M | Reduce -41.2% |
| STGW Stagwell Inc. | 0.12% | 1,191,918 | $7.2M | Add +6.1% |
| OEC Orion SA | 0.07% | 335,608 | $4.3M | Add +5.4% |
| SGOV iShares 0-3 Month Treasury B | 0.07% | 41,816 | $4.2M | Reduce -25.3% |
| TDW Tidewater Inc. | 0.06% | 94,961 | $4.0M | No change |
| NX Quanex Building Products | 0.04% | 133,678 | $2.5M | Add +78.1% |
| PDLB Ponce Financial Group Inc. | 0.04% | 181,562 | $2.3M | No change |
| ESGR Enstar Group Ltd. | 0.04% | 6,901 | $2.3M | No change |
| NFLX Netflix Inc. | 0.04% | 2,340 | $2.2M | Reduce -16.4% |
| PBFS Pioneer Bancorp Inc. | 0.03% | 166,974 | $2.0M | No change |
| VT Vanguard Tot World STK ETF | 0.03% | 16,249 | $1.9M | Add +7.9% |
| ALGT Allegiant Travel Co. | 0.03% | 34,186 | $1.8M | No change |
| WLY Wiley (john) & Sons Class A | 0.03% | 39,140 | $1.7M | New |
| EBC Eastern Bankshares Inc. | 0.02% | 85,883 | $1.4M | Reduce -29.4% |
| UPWK Upwork Inc. | 0.02% | 104,881 | $1.4M | No change |
| PARR Par Pacific Holdings Inc. | 0.02% | 71,812 | $1.0M | No change |
| SHC Sotera Health Co. | 0.01% | 45,480 | $530K | No change |
| RSVR Reservoir Media Inc. | 0.00% | 6,573 | $50K | New |
Other holdings (2): bonds, preferreds, convertibles and warrants · $56.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 52,781,000 | $51.3M | Reduce -2.2% |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 4,942,000 | $4.6M | Reduce -0.7% |
Total filed on the 13F, all lines: $6.2B.
Portfolio Sells Q4 2024 → Q1 2025
| GOOGL Alphabet Inc. Class A | Reduce -5.0% | 6.39% | −0.94 |
| GOOG Alphabet Inc. Class C | Reduce -12.0% | 4.04% | −0.94 |
| KMI Kinder Morgan Inc. | Reduce -41.2% | 2.06% | −0.94 |
| JEF Jefferies Financial Group Inc. | Reduce -7.9% | 2.24% | −0.93 |
| WFC Wells Fargo & Co. | Reduce -30.3% | 3.05% | −0.76 |
| AVGO Broadcom Inc. | Reduce -45.6% | 0.53% | −0.67 |
| MAR Marriott International Class A | Reduce -19.9% | 1.71% | −0.52 |
| AMZN Amazon.com Inc. | Reduce -5.8% | 4.45% | −0.40 |
| META Meta Platforms Inc. Class A | Reduce -12.3% | 7.30% | −0.23 |
| C Citigroup Inc. | Reduce -14.5% | 6.64% | −0.22 |
| NATL NCR Atleos Corp. | Reduce -0.1% | 0.98% | −0.14 |
| VNO Vornado Realty Trust | Reduce -6.7% | 1.00% | −0.09 |
| LAUR Laureate Education Inc. | Reduce -41.2% | 0.14% | −0.05 |
| DEI Douglas Emmett Inc. | Reduce -0.1% | 1.38% | −0.05 |
| WAB Wabtec Corp. | Reduce -9.0% | 1.26% | −0.03 |
| GPOR Gulfport Energy Corp. | Reduce -13.8% | 0.88% | −0.03 |
| NXPI NXP Semiconductors NV | Reduce -3.4% | 2.33% | −0.02 |
| SGOV iShares 0-3 Month Treasury B | Reduce -25.3% | 0.07% | −0.01 |
| MAC COPPER LTD | Sold out | 0.00% | −0.01 |
| EBC Eastern Bankshares Inc. | Reduce -29.4% | 0.02% | −0.01 |
| CIGI Colliers Intl GR-Subord Vot | Sold out | 0.00% | −0.01 |
| NFLX Netflix Inc. | Reduce -16.4% | 0.04% | −0.00 |
| RUSHA Rush Enterprises Inc. Class A | Reduce -6.2% | 0.15% | +0.00 |
| ECHO Echostar Corp. Class A | Reduce -0.1% | 0.43% | +0.09 |
| HWM Howmet Aerospace Inc. | Reduce -16.6% | 1.28% | +0.13 |
| LPLA LPL Financial Holdings Inc. | Reduce -0.1% | 2.42% | +0.27 |
| ADI Analog Devices Inc. | Reduce -0.3% | 6.87% | +0.41 |
| AON Aon PLC Class A | Reduce -6.7% | 4.39% | +0.62 |
Portfolio Buys Q4 2024 → Q1 2025
| BIO Bio-Rad Laboratories-A | Add +136.0% | 1.47% | +0.72 |
| MTN Vail Resorts Inc. | Add +54.2% | 2.09% | +0.67 |
| CMCSA Comcast Corp. Class A | Add +0.8% | 6.54% | +0.66 |
| CHTR Charter Communications Inc. Class A | Add +0.8% | 3.69% | +0.66 |
| TEL Te Connectivity PLC | Add +0.8% | 6.13% | +0.65 |
| FBIN Fortune Brands Innovations I | Add +220.8% | 0.78% | +0.54 |
| FERG Ferguson Enterprises Inc. | Add +13.5% | 3.24% | +0.49 |
| UBER Uber Technologies Inc. | Add +0.8% | 1.42% | +0.38 |
| NOV Nov Inc. | Add +29.1% | 0.86% | +0.29 |
| KMX Carmax Inc. | Add +0.8% | 3.05% | +0.22 |
| IFF Intl Flavors & Fragrances | Add +0.8% | 5.10% | +0.19 |
| ICLR Icon PLC | Add +21.1% | 1.55% | +0.18 |
| WLY Wiley (john) & Sons Class A | New | 0.03% | +0.03 |
| NX Quanex Building Products | Add +78.1% | 0.04% | +0.01 |
| STGW Stagwell Inc. | Add +6.1% | 0.12% | +0.01 |
| VT Vanguard Tot World STK ETF | Add +7.9% | 0.03% | +0.01 |
| RSVR Reservoir Media Inc. | New | 0.00% | +0.00 |
| OEC Orion SA | Add +5.4% | 0.07% | −0.00 |
| PCG P G & E Corp. | Add +0.8% | 0.30% | −0.01 |
| VYX NCR Voyix Corp. | Add +6.9% | 0.58% | −0.11 |
Notes & Other Activity Q4 2024 → Q1 2025
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | Reduce -2.2% | 52,781,000 | $51.3M |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | Reduce -0.7% | 4,942,000 | $4.6M |
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 |