First Pacific Advisors, LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), First Pacific Advisors, LP reported 59 stock positions worth $7.1 billion. Its top holding was Alphabet Class A (GOOGL) at 8.3% of the portfolio, followed by Meta Platforms Class A (META, 7.3%) and Analog Devices (ADI, 6.9%). Compared with Q2 2025, it opened 2 new positions, sold out of 3, added to 22 and reduced 19. The biggest buy was a new position in Becton Dickinson and (BDX) and the biggest sale Citigroup (C, shares −28%).
- Most Recent 13F
- Q2 2026
- Location
- EL SEGUNDO, CA
- CIK
- 0001377581
- Portfolio Value
- $7.1B (Q3 2025)
- SEC Filing
- 0001377581-25-000013 ↗ filed Nov 13, 2025
Holdings Value
Holdings 59 stocks · $7.1B
| GOOGL Alphabet Inc. Class A | 8.26% | 2,422,319 | $588.9M | Reduce -2.3% |
| META Meta Platforms Inc. Class A | 7.33% | 710,995 | $522.1M | Reduce -8.5% |
| ADI Analog Devices Inc. | 6.88% | 1,995,126 | $490.2M | Reduce -4.3% |
| TEL Te Connectivity PLC | 6.53% | 2,119,163 | $465.2M | Reduce -20.2% |
| C Citigroup Inc. | 5.38% | 3,779,115 | $383.6M | Reduce -28.1% |
| GOOG Alphabet Inc. Class C | 5.07% | 1,483,648 | $361.3M | Reduce -6.0% |
| CMCSA Comcast Corp. Class A | 4.95% | 11,238,728 | $353.1M | Add +1.3% |
| AMZN Amazon.com Inc. | 4.42% | 1,436,376 | $315.4M | Reduce -1.7% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 4.23% | 4,903,862 | $301.8M | Add +19.3% |
| AON Aon PLC Class A | 3.27% | 654,445 | $233.4M | Add +0.4% |
| FERG Ferguson Enterprises Inc. | 2.89% | 916,385 | $205.8M | Reduce -27.1% |
| CHTR Charter Communications Inc. Class A | 2.49% | 646,100 | $177.7M | Add +3.1% |
| BDX Becton Dickinson and Co. | 2.46% | 936,257 | $175.2M | New |
| NXPI NXP Semiconductors NV | 2.44% | 765,060 | $174.2M | Add +0.0% |
| ICLR Icon PLC | 2.39% | 974,325 | $170.5M | Add +1.1% |
| JEF Jefferies Financial Group Inc. | 2.37% | 2,580,283 | $168.8M | No change |
| FBIN Fortune Brands Innovations I | 2.15% | 2,866,091 | $153.0M | Add +43.4% |
| MTN Vail Resorts Inc. | 2.13% | 1,012,933 | $151.5M | Add +1.9% |
| LPLA LPL Financial Holdings Inc. | 2.07% | 443,503 | $147.5M | No change |
| MAR Marriott International Class A | 1.65% | 450,765 | $117.4M | Add +0.0% |
| KMI Kinder Morgan Inc. | 1.59% | 4,003,122 | $113.3M | Add +1.6% |
| KMX Carmax Inc. | 1.56% | 2,481,461 | $111.3M | Add +2.1% |
| BIO Bio-Rad Laboratories-A | 1.55% | 394,414 | $110.6M | Add +1.9% |
| WFC Wells Fargo & Co. | 1.52% | 1,291,639 | $108.3M | Reduce -36.5% |
| NOV Nov Inc. | 1.48% | 7,946,901 | $105.3M | Add +13.2% |
| TMO Thermo Fisher Scientific Inc. | 1.46% | 214,946 | $104.3M | Add +146.0% |
| UBER Uber Technologies Inc. | 1.29% | 934,963 | $91.6M | Reduce -9.1% |
| WAB Wabtec Corp. | 1.23% | 436,663 | $87.5M | Add +0.2% |
| DEI Douglas Emmett Inc. | 1.17% | 5,334,173 | $83.1M | No change |
| NATL NCR Atleos Corp. | 1.13% | 2,040,700 | $80.2M | Reduce -10.8% |
| VNO Vornado Realty Trust | 0.95% | 1,676,513 | $67.9M | No change |
| HWM Howmet Aerospace Inc. | 0.90% | 325,984 | $64.0M | Reduce -23.7% |
| DELL Dell Technologies -C | 0.83% | 418,505 | $59.3M | No change |
| AVTR Avantor Inc. | 0.71% | 4,070,978 | $50.8M | Add +5328.0% |
| VYX NCR Voyix Corp. | 0.69% | 3,908,807 | $49.1M | No change |
| AVGO Broadcom Inc. | 0.53% | 114,719 | $37.8M | Reduce -4.0% |
| ECHO Echostar Corp. Class A | 0.52% | 480,826 | $36.7M | Reduce -66.5% |
| GPOR Gulfport Energy Corp. | 0.44% | 171,812 | $31.1M | No change |
| PCG P G & E Corp. | 0.24% | 1,121,221 | $16.9M | Add +1.6% |
| RUSHA Rush Enterprises Inc. Class A | 0.12% | 159,094 | $8.5M | No change |
| LAUR Laureate Education Inc. | 0.10% | 216,012 | $6.8M | Reduce -45.8% |
| STGW Stagwell Inc. | 0.09% | 1,191,918 | $6.7M | No change |
| TDW Tidewater Inc. | 0.07% | 94,961 | $5.1M | No change |
| SGOV iShares 0-3 Month Treasury B | 0.05% | 36,572 | $3.7M | Reduce -24.0% |
| OEC Orion SA | 0.04% | 417,388 | $3.2M | Add +13.5% |
| RSVR Reservoir Media Inc. | 0.04% | 329,066 | $2.7M | No change |
| PDLB Ponce Financial Group Inc. | 0.04% | 181,562 | $2.7M | No change |
| MRVI Maravai Lifesciences Hldgs-A | 0.04% | 884,883 | $2.5M | Add +19.4% |
| VT Vanguard Tot World STK ETF | 0.03% | 17,965 | $2.5M | Add +7.1% |
| NX Quanex Building Products | 0.03% | 166,231 | $2.4M | Add +7.3% |
| PBFS Pioneer Bancorp Inc. | 0.03% | 166,974 | $2.2M | No change |
| ALGT Allegiant Travel Co. | 0.03% | 34,186 | $2.1M | No change |
| PARR Par Pacific Holdings Inc. | 0.03% | 56,034 | $2.0M | Reduce -22.9% |
| NFLX Netflix Inc. | 0.03% | 1,640 | $2.0M | Reduce -29.9% |
| UPWK Upwork Inc. | 0.03% | 104,881 | $1.9M | No change |
| ASLE Aersale Corp. | 0.02% | 208,726 | $1.7M | Reduce -16.4% |
| DAR Darling Ingredients Inc. | 0.02% | 52,447 | $1.6M | Add +23.0% |
| EBC Eastern Bankshares Inc. | 0.02% | 85,883 | $1.6M | No change |
| UNIT Uniti Group Inc. | 0.00% | 25,235 | $154K | New |
Options reported separately and not counted above: ECHO puts ($3.6M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $103.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 40,000,000 | $98.4M | No change |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 4,934,000 | $4.8M | No change |
Total filed on the 13F, all lines: $7.2B.
Portfolio Sells Q2 2025 → Q3 2025
| C Citigroup Inc. | Reduce -28.1% | 5.38% | −1.11 |
| FERG Ferguson Enterprises Inc. | Reduce -27.1% | 2.89% | −1.09 |
| META Meta Platforms Inc. Class A | Reduce -8.5% | 7.33% | −1.00 |
| WFC Wells Fargo & Co. | Reduce -36.5% | 1.52% | −0.85 |
| ADI Analog Devices Inc. | Reduce -4.3% | 6.88% | −0.33 |
| HWM Howmet Aerospace Inc. | Reduce -23.7% | 0.90% | −0.26 |
| AMZN Amazon.com Inc. | Reduce -1.7% | 4.42% | −0.23 |
| UBER Uber Technologies Inc. | Reduce -9.1% | 1.29% | −0.11 |
| ECHO Echostar Corp. Class A | Reduce -66.5% | 0.52% | −0.06 |
| LAUR Laureate Education Inc. | Reduce -45.8% | 0.10% | −0.04 |
| VIPS Vipshop Holdings Ltd. - ADR | Sold out | 0.00% | −0.04 |
| ESGR Enstar Group Ltd. | Sold out | 0.00% | −0.03 |
| WLY Wiley (john) & Sons Class A | Sold out | 0.00% | −0.03 |
| SGOV iShares 0-3 Month Treasury B | Reduce -24.0% | 0.05% | −0.02 |
| NFLX Netflix Inc. | Reduce -29.9% | 0.03% | −0.02 |
| PARR Par Pacific Holdings Inc. | Reduce -22.9% | 0.03% | −0.00 |
| ASLE Aersale Corp. | Reduce -16.4% | 0.02% | +0.00 |
| TEL Te Connectivity PLC | Reduce -20.2% | 6.53% | +0.02 |
| AVGO Broadcom Inc. | Reduce -4.0% | 0.53% | +0.05 |
| NATL NCR Atleos Corp. | Reduce -10.8% | 1.13% | +0.18 |
| GOOG Alphabet Inc. Class C | Reduce -6.0% | 5.07% | +1.00 |
| GOOGL Alphabet Inc. Class A | Reduce -2.3% | 8.26% | +1.92 |
Portfolio Buys Q2 2025 → Q3 2025
| BDX Becton Dickinson and Co. | New | 2.46% | +2.46 |
| TMO Thermo Fisher Scientific Inc. | Add +146.0% | 1.46% | +0.95 |
| AVTR Avantor Inc. | Add +5328.0% | 0.71% | +0.70 |
| FBIN Fortune Brands Innovations I | Add +43.4% | 2.15% | +0.65 |
| ICLR Icon PLC | Add +1.1% | 2.39% | +0.36 |
| NOV Nov Inc. | Add +13.2% | 1.48% | +0.21 |
| BIO Bio-Rad Laboratories-A | Add +1.9% | 1.55% | +0.20 |
| NXPI NXP Semiconductors NV | Add +0.0% | 2.44% | +0.02 |
| PCG P G & E Corp. | Add +1.6% | 0.24% | +0.01 |
| MRVI Maravai Lifesciences Hldgs-A | Add +19.4% | 0.04% | +0.01 |
| VT Vanguard Tot World STK ETF | Add +7.1% | 0.03% | +0.00 |
| UNIT Uniti Group Inc. | New | 0.00% | +0.00 |
| DAR Darling Ingredients Inc. | Add +23.0% | 0.02% | −0.00 |
| NX Quanex Building Products | Add +7.3% | 0.03% | −0.01 |
| OEC Orion SA | Add +13.5% | 0.04% | −0.01 |
| KMI Kinder Morgan Inc. | Add +1.6% | 1.59% | −0.09 |
| WAB Wabtec Corp. | Add +0.2% | 1.23% | −0.10 |
| AON Aon PLC Class A | Add +0.4% | 3.27% | −0.10 |
| MAR Marriott International Class A | Add +0.0% | 1.65% | −0.14 |
| MTN Vail Resorts Inc. | Add +1.9% | 2.13% | −0.14 |
| IFF Intl Flavors & Fragrances | Add +19.3% | 4.23% | −0.16 |
| CMCSA Comcast Corp. Class A | Add +1.3% | 4.95% | −0.80 |
| KMX Carmax Inc. | Add +2.1% | 1.56% | −0.81 |
| CHTR Charter Communications Inc. Class A | Add +3.1% | 2.49% | −1.23 |
Options Activity Q2 2025 → Q3 2025
| ECHO Echostar Corp. Class A | put | New | 47,000 | $3.6M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | Sold out | 52,718,000 | $51.5Mbefore 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 |