First Pacific Advisors, LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 1, 2025), First Pacific Advisors, LP reported 60 stock positions worth $6.9 billion. Its top holding was Meta Platforms Class A (META) at 8.3% of the portfolio, followed by Analog Devices (ADI, 7.2%) and Te Connectivity (TEL, 6.5%). Compared with Q1 2025, it opened 6 new positions, sold out of 1, added to 23 and reduced 20. The biggest buy was Ferguson Enterprises (FERG, shares +0%) and the biggest sale Aon Class A (AON, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- EL SEGUNDO, CA
- CIK
- 0001377581
- Portfolio Value
- $6.9B (Q2 2025)
- SEC Filing
- 0001377581-25-000006 ↗ filed Aug 1, 2025
Holdings Value
Holdings 60 stocks · $6.9B
| META Meta Platforms Inc. Class A | 8.33% | 777,005 | $573.5M | Reduce -0.7% |
| ADI Analog Devices Inc. | 7.21% | 2,085,045 | $496.3M | Reduce -1.0% |
| TEL Te Connectivity PLC | 6.51% | 2,656,748 | $448.1M | Reduce -1.0% |
| C Citigroup Inc. | 6.49% | 5,253,021 | $447.1M | Reduce -9.1% |
| GOOGL Alphabet Inc. Class A | 6.34% | 2,478,411 | $436.8M | Reduce -3.0% |
| CMCSA Comcast Corp. Class A | 5.75% | 11,091,559 | $395.9M | Add +1.2% |
| AMZN Amazon.com Inc. | 4.66% | 1,461,135 | $320.6M | Add +1.1% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 4.39% | 4,111,527 | $302.4M | Add +1.2% |
| GOOG Alphabet Inc. Class C | 4.07% | 1,578,827 | $280.1M | Reduce -1.3% |
| FERG Ferguson Enterprises Inc. | 3.97% | 1,256,151 | $273.5M | Add +0.4% |
| CHTR Charter Communications Inc. Class A | 3.72% | 626,508 | $256.1M | Add +1.2% |
| AON Aon PLC Class A | 3.38% | 652,019 | $232.6M | Reduce -4.1% |
| NXPI NXP Semiconductors NV | 2.43% | 764,890 | $167.1M | Add +1.1% |
| LPLA LPL Financial Holdings Inc. | 2.42% | 443,503 | $166.3M | Reduce -3.1% |
| KMX Carmax Inc. | 2.37% | 2,431,244 | $163.4M | Add +0.6% |
| WFC Wells Fargo & Co. | 2.37% | 2,034,269 | $163.0M | Reduce -22.6% |
| MTN Vail Resorts Inc. | 2.27% | 993,735 | $156.1M | Add +23.4% |
| JEF Jefferies Financial Group Inc. | 2.05% | 2,580,283 | $141.1M | Reduce -0.0% |
| ICLR Icon PLC | 2.04% | 964,120 | $140.2M | Add +76.3% |
| MAR Marriott International Class A | 1.79% | 450,714 | $123.1M | Add +1.3% |
| KMI Kinder Morgan Inc. | 1.68% | 3,939,890 | $115.8M | Reduce -11.9% |
| FBIN Fortune Brands Innovations I | 1.49% | 1,998,397 | $102.9M | Add +152.2% |
| UBER Uber Technologies Inc. | 1.39% | 1,028,628 | $96.0M | Reduce -14.4% |
| BIO Bio-Rad Laboratories-A | 1.36% | 386,949 | $93.4M | Add +3.9% |
| WAB Wabtec Corp. | 1.33% | 435,963 | $91.3M | Add +1.4% |
| NOV Nov Inc. | 1.27% | 7,018,950 | $87.2M | Add +101.0% |
| DEI Douglas Emmett Inc. | 1.17% | 5,334,173 | $80.2M | Reduce -0.0% |
| HWM Howmet Aerospace Inc. | 1.16% | 427,259 | $79.5M | Reduce -29.7% |
| NATL NCR Atleos Corp. | 0.95% | 2,287,815 | $65.3M | Reduce -0.0% |
| VNO Vornado Realty Trust | 0.93% | 1,676,513 | $64.1M | Reduce -0.0% |
| DELL Dell Technologies -C | 0.75% | 418,505 | $51.3M | No change |
| VYX NCR Voyix Corp. | 0.67% | 3,908,807 | $45.9M | Add +5.6% |
| ECHO Echostar Corp. Class A | 0.58% | 1,435,567 | $39.8M | Add +36.6% |
| TMO Thermo Fisher Scientific Inc. | 0.51% | 87,370 | $35.4M | New |
| GPOR Gulfport Energy Corp. | 0.50% | 171,812 | $34.6M | Reduce -42.1% |
| AVGO Broadcom Inc. | 0.48% | 119,516 | $32.9M | Reduce -38.7% |
| PCG P G & E Corp. | 0.22% | 1,103,117 | $15.4M | Add +1.3% |
| LAUR Laureate Education Inc. | 0.14% | 398,230 | $9.3M | Reduce -6.7% |
| RUSHA Rush Enterprises Inc. Class A | 0.12% | 159,094 | $8.2M | Reduce -7.8% |
| STGW Stagwell Inc. | 0.08% | 1,191,918 | $5.4M | No change |
| SGOV iShares 0-3 Month Treasury B | 0.07% | 48,123 | $4.8M | Add +15.1% |
| TDW Tidewater Inc. | 0.06% | 94,961 | $4.4M | No change |
| OEC Orion SA | 0.06% | 367,751 | $3.9M | Add +9.6% |
| NFLX Netflix Inc. | 0.05% | 2,340 | $3.1M | No change |
| NX Quanex Building Products | 0.04% | 155,000 | $2.9M | Add +15.9% |
| VIPS Vipshop Holdings Ltd. - ADR | 0.04% | 179,634 | $2.7M | New |
| RSVR Reservoir Media Inc. | 0.04% | 329,066 | $2.5M | Add +4906.3% |
| PDLB Ponce Financial Group Inc. | 0.04% | 181,562 | $2.5M | No change |
| ESGR Enstar Group Ltd. | 0.03% | 6,901 | $2.3M | No change |
| VT Vanguard Tot World STK ETF | 0.03% | 16,777 | $2.2M | Add +3.3% |
| PBFS Pioneer Bancorp Inc. | 0.03% | 166,974 | $2.0M | No change |
| PARR Par Pacific Holdings Inc. | 0.03% | 72,632 | $1.9M | Add +1.1% |
| ALGT Allegiant Travel Co. | 0.03% | 34,186 | $1.9M | No change |
| MRVI Maravai Lifesciences Hldgs-A | 0.03% | 741,332 | $1.8M | New |
| WLY Wiley (john) & Sons Class A | 0.03% | 39,140 | $1.7M | No change |
| DAR Darling Ingredients Inc. | 0.02% | 42,638 | $1.6M | New |
| ASLE Aersale Corp. | 0.02% | 249,584 | $1.5M | New |
| UPWK Upwork Inc. | 0.02% | 104,881 | $1.4M | No change |
| EBC Eastern Bankshares Inc. | 0.02% | 85,883 | $1.3M | No change |
| AVTR Avantor Inc. | 0.01% | 75,000 | $1.0M | New |
Other holdings (3): bonds, preferreds, convertibles and warrants · $103.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 52,718,000 | $51.5M | Reduce -0.1% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 40,000,000 | $47.1M | New |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 4,934,000 | $4.7M | Reduce -0.2% |
Total filed on the 13F, all lines: $7.0B.
Portfolio Sells Q1 2025 → Q2 2025
| AON Aon PLC Class A | Reduce -4.1% | 3.38% | −1.01 |
| WFC Wells Fargo & Co. | Reduce -22.6% | 2.37% | −0.69 |
| GPOR Gulfport Energy Corp. | Reduce -42.1% | 0.50% | −0.38 |
| KMI Kinder Morgan Inc. | Reduce -11.9% | 1.68% | −0.38 |
| DEI Douglas Emmett Inc. | Reduce -0.0% | 1.17% | −0.22 |
| JEF Jefferies Financial Group Inc. | Reduce -0.0% | 2.05% | −0.19 |
| C Citigroup Inc. | Reduce -9.1% | 6.49% | −0.14 |
| HWM Howmet Aerospace Inc. | Reduce -29.7% | 1.16% | −0.12 |
| VNO Vornado Realty Trust | Reduce -0.0% | 0.93% | −0.07 |
| AVGO Broadcom Inc. | Reduce -38.7% | 0.48% | −0.05 |
| GOOGL Alphabet Inc. Class A | Reduce -3.0% | 6.34% | −0.05 |
| RUSHA Rush Enterprises Inc. Class A | Reduce -7.8% | 0.12% | −0.03 |
| NATL NCR Atleos Corp. | Reduce -0.0% | 0.95% | −0.03 |
| UBER Uber Technologies Inc. | Reduce -14.4% | 1.39% | −0.02 |
| SHC Sotera Health Co. | Sold out | 0.00% | −0.01 |
| LPLA LPL Financial Holdings Inc. | Reduce -3.1% | 2.42% | −0.01 |
| LAUR Laureate Education Inc. | Reduce -6.7% | 0.14% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -1.3% | 4.07% | +0.03 |
| ADI Analog Devices Inc. | Reduce -1.0% | 7.21% | +0.34 |
| TEL Te Connectivity PLC | Reduce -1.0% | 6.51% | +0.37 |
| META Meta Platforms Inc. Class A | Reduce -0.7% | 8.33% | +1.03 |
Portfolio Buys Q1 2025 → Q2 2025
| FERG Ferguson Enterprises Inc. | Add +0.4% | 3.97% | +0.73 |
| FBIN Fortune Brands Innovations I | Add +152.2% | 1.49% | +0.71 |
| TMO Thermo Fisher Scientific Inc. | New | 0.51% | +0.51 |
| ICLR Icon PLC | Add +76.3% | 2.04% | +0.49 |
| NOV Nov Inc. | Add +101.0% | 1.27% | +0.41 |
| AMZN Amazon.com Inc. | Add +1.1% | 4.66% | +0.21 |
| MTN Vail Resorts Inc. | Add +23.4% | 2.27% | +0.18 |
| ECHO Echostar Corp. Class A | Add +36.6% | 0.58% | +0.14 |
| NXPI NXP Semiconductors NV | Add +1.1% | 2.43% | +0.10 |
| VYX NCR Voyix Corp. | Add +5.6% | 0.67% | +0.08 |
| MAR Marriott International Class A | Add +1.3% | 1.79% | +0.07 |
| WAB Wabtec Corp. | Add +1.4% | 1.33% | +0.06 |
| VIPS Vipshop Holdings Ltd. - ADR | New | 0.04% | +0.04 |
| RSVR Reservoir Media Inc. | Add +4906.3% | 0.04% | +0.04 |
| CHTR Charter Communications Inc. Class A | Add +1.2% | 3.72% | +0.03 |
| MRVI Maravai Lifesciences Hldgs-A | New | 0.03% | +0.03 |
| DAR Darling Ingredients Inc. | New | 0.02% | +0.02 |
| ASLE Aersale Corp. | New | 0.02% | +0.02 |
| AVTR Avantor Inc. | New | 0.01% | +0.01 |
| PARR Par Pacific Holdings Inc. | Add +1.1% | 0.03% | +0.01 |
| NX Quanex Building Products | Add +15.9% | 0.04% | +0.00 |
| SGOV iShares 0-3 Month Treasury B | Add +15.1% | 0.07% | +0.00 |
| VT Vanguard Tot World STK ETF | Add +3.3% | 0.03% | +0.00 |
| OEC Orion SA | Add +9.6% | 0.06% | −0.01 |
| PCG P G & E Corp. | Add +1.3% | 0.22% | −0.08 |
| BIO Bio-Rad Laboratories-A | Add +3.9% | 1.36% | −0.11 |
| KMX Carmax Inc. | Add +0.6% | 2.37% | −0.67 |
| IFF Intl Flavors & Fragrances | Add +1.2% | 4.39% | −0.71 |
| CMCSA Comcast Corp. Class A | Add +1.2% | 5.75% | −0.79 |
Notes & Other Activity Q1 2025 → Q2 2025
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | Reduce -0.1% | 52,718,000 | $51.5M |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | New | 40,000,000 | $47.1M |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | Reduce -0.2% | 4,934,000 | $4.7M |
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 |