First Pacific Advisors, LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), First Pacific Advisors, LP reported 61 stock positions worth $7.5 billion. Its top holding was Alphabet Class A (GOOGL) at 8.0% of the portfolio, followed by Analog Devices (ADI, 6.8%) and Meta Platforms Class A (META, 6.2%). Compared with Q3 2025, it opened 4 new positions, sold out of 2, added to 19 and reduced 22. The biggest buy was Becton Dickinson and (BDX, shares +108%) and the biggest sale Comcast Class A (CMCSA, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- EL SEGUNDO, CA
- CIK
- 0001377581
- Portfolio Value
- $7.5B (Q4 2025)
- SEC Filing
- 0001377581-26-000002 ↗ filed Feb 17, 2026
Holdings Value
Holdings 61 stocks · $7.5B
| GOOGL Alphabet Inc. Class A | 8.03% | 1,911,429 | $598.3M | Reduce -21.1% |
| ADI Analog Devices Inc. | 6.82% | 1,874,867 | $508.5M | Reduce -6.0% |
| META Meta Platforms Inc. Class A | 6.22% | 702,121 | $463.5M | Reduce -1.3% |
| GOOG Alphabet Inc. Class C | 5.68% | 1,349,592 | $423.5M | Reduce -9.0% |
| C Citigroup Inc. | 5.49% | 3,506,931 | $409.2M | Reduce -7.2% |
| TEL Te Connectivity PLC | 5.43% | 1,779,970 | $405.0M | Reduce -16.0% |
| BDX Becton Dickinson and Co. | 5.08% | 1,951,246 | $378.7M | Add +108.4% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 4.81% | 5,326,041 | $358.9M | Add +8.6% |
| AMZN Amazon.com Inc. | 4.37% | 1,411,199 | $325.7M | Reduce -1.8% |
| CMCSA Comcast Corp. Class A | 3.37% | 8,399,831 | $251.1M | Reduce -25.3% |
| AON Aon PLC Class A | 3.11% | 656,531 | $231.7M | Add +0.3% |
| FERG Ferguson Enterprises Inc. | 2.65% | 887,120 | $197.5M | Reduce -3.2% |
| AMRZ Amrize Ltd. | 2.47% | 3,408,072 | $184.3M | New |
| ICLR Icon PLC | 2.40% | 980,804 | $178.7M | Add +0.7% |
| FBIN Fortune Brands Innovations I | 2.36% | 3,524,498 | $176.3M | Add +23.0% |
| NXPI NXP Semiconductors NV | 2.23% | 766,330 | $166.3M | Add +0.2% |
| JEF Jefferies Financial Group Inc. | 2.14% | 2,580,283 | $159.9M | No change |
| MTN Vail Resorts Inc. | 1.94% | 1,087,702 | $144.4M | Add +7.4% |
| LPLA LPL Financial Holdings Inc. | 1.86% | 387,412 | $138.4M | Reduce -12.7% |
| LBRDK Liberty Broadband-C | 1.74% | 2,669,348 | $129.7M | New |
| TMO Thermo Fisher Scientific Inc. | 1.70% | 218,572 | $126.7M | Add +1.7% |
| NOV Nov Inc. | 1.70% | 8,093,810 | $126.5M | Add +1.9% |
| BIO Bio-Rad Laboratories-A | 1.63% | 401,457 | $121.6M | Add +1.8% |
| MAR Marriott International Class A | 1.62% | 389,857 | $120.9M | Reduce -13.5% |
| KMX Carmax Inc. | 1.52% | 2,924,081 | $113.0M | Add +17.8% |
| KMI Kinder Morgan Inc. | 1.50% | 4,076,504 | $112.1M | Add +1.8% |
| WFC Wells Fargo & Co. | 1.39% | 1,109,828 | $103.4M | Reduce -14.1% |
| CHTR Charter Communications Inc. Class A | 1.29% | 461,525 | $96.3M | Reduce -28.6% |
| WAB Wabtec Corp. | 1.27% | 444,548 | $94.9M | Add +1.8% |
| UBER Uber Technologies Inc. | 1.04% | 953,263 | $77.9M | Add +2.0% |
| NATL NCR Atleos Corp. | 1.04% | 2,040,700 | $77.8M | No change |
| DEI Douglas Emmett Inc. | 0.96% | 6,528,956 | $71.8M | Add +22.4% |
| VNO Vornado Realty Trust | 0.75% | 1,676,513 | $55.8M | No change |
| VYX NCR Voyix Corp. | 0.69% | 5,038,208 | $51.4M | Add +28.9% |
| DELL Dell Technologies -C | 0.65% | 382,985 | $48.2M | Reduce -8.5% |
| AVTR Avantor Inc. | 0.61% | 3,968,620 | $45.5M | Reduce -2.5% |
| AVGO Broadcom Inc. | 0.40% | 86,111 | $29.8M | Reduce -24.9% |
| MICC The Magnum Ice Cream Co. NV | 0.36% | 1,697,675 | $26.9M | New |
| GPOR Gulfport Energy Corp. | 0.36% | 127,434 | $26.5M | Reduce -25.8% |
| ECHO Echostar Corp. Class A | 0.35% | 238,933 | $26.0M | Reduce -50.3% |
| PCG P G & E Corp. | 0.25% | 1,142,167 | $18.4M | Add +1.9% |
| RUSHA Rush Enterprises Inc. Class A | 0.11% | 148,094 | $8.0M | Reduce -6.9% |
| STGW Stagwell Inc. | 0.08% | 1,191,918 | $5.8M | No change |
| TDW Tidewater Inc. | 0.06% | 94,961 | $4.8M | No change |
| SGOV iShares 0-3 Month Treasury B | 0.06% | 40,837 | $4.1M | Add +11.7% |
| LAUR Laureate Education Inc. | 0.05% | 101,485 | $3.4M | Reduce -53.0% |
| PDLB Ponce Financial Group Inc. | 0.04% | 181,562 | $3.0M | No change |
| ALGT Allegiant Travel Co. | 0.04% | 34,186 | $2.9M | No change |
| MRVI Maravai Lifesciences Hldgs-A | 0.04% | 884,883 | $2.9M | No change |
| VT Vanguard Tot World STK ETF | 0.04% | 19,743 | $2.8M | Add +9.9% |
| RSVR Reservoir Media Inc. | 0.03% | 329,066 | $2.5M | No change |
| PBFS Pioneer Bancorp Inc. | 0.03% | 166,974 | $2.3M | No change |
| OEC Orion SA | 0.03% | 417,388 | $2.2M | No change |
| DAR Darling Ingredients Inc. | 0.03% | 52,447 | $1.9M | No change |
| EBC Eastern Bankshares Inc. | 0.02% | 85,883 | $1.6M | No change |
| NFLX Netflix Inc. | 0.02% | 16,400 | $1.5M | No change |
| PARR Par Pacific Holdings Inc. | 0.02% | 43,716 | $1.5M | Reduce -22.0% |
| ASLE Aersale Corp. | 0.02% | 208,726 | $1.5M | No change |
| UPWK Upwork Inc. | 0.02% | 57,081 | $1.1M | Reduce -45.6% |
| UNIT Uniti Group Inc. | 0.00% | 25,235 | $177K | No change |
| HYBB iShares BB Rated Corp. Bond | 0.00% | 286 | $13K | New |
Options reported separately and not counted above: ECHO puts ($5.1M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $136.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 39,308,974 | $131.3M | Reduce -1.7% |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | 4,934,000 | $4.9M | No change |
Total filed on the 13F, all lines: $7.6B.
Portfolio Sells Q3 2025 → Q4 2025
| CMCSA Comcast Corp. Class A | Reduce -25.3% | 3.37% | −1.59 |
| CHTR Charter Communications Inc. Class A | Reduce -28.6% | 1.29% | −1.20 |
| META Meta Platforms Inc. Class A | Reduce -1.3% | 6.22% | −1.11 |
| TEL Te Connectivity PLC | Reduce -16.0% | 5.43% | −1.09 |
| HWM Howmet Aerospace Inc. | Sold out | 0.00% | −0.90 |
| FERG Ferguson Enterprises Inc. | Reduce -3.2% | 2.65% | −0.24 |
| GOOGL Alphabet Inc. Class A | Reduce -21.1% | 8.03% | −0.24 |
| LPLA LPL Financial Holdings Inc. | Reduce -12.7% | 1.86% | −0.21 |
| DELL Dell Technologies -C | Reduce -8.5% | 0.65% | −0.19 |
| ECHO Echostar Corp. Class A | Reduce -50.3% | 0.35% | −0.17 |
| WFC Wells Fargo & Co. | Reduce -14.1% | 1.39% | −0.13 |
| AVGO Broadcom Inc. | Reduce -24.9% | 0.40% | −0.13 |
| AVTR Avantor Inc. | Reduce -2.5% | 0.61% | −0.10 |
| GPOR Gulfport Energy Corp. | Reduce -25.8% | 0.36% | −0.08 |
| ADI Analog Devices Inc. | Reduce -6.0% | 6.82% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -1.8% | 4.37% | −0.06 |
| LAUR Laureate Education Inc. | Reduce -53.0% | 0.05% | −0.05 |
| NX Quanex Building Products | Sold out | 0.00% | −0.03 |
| MAR Marriott International Class A | Reduce -13.5% | 1.62% | −0.02 |
| RUSHA Rush Enterprises Inc. Class A | Reduce -6.9% | 0.11% | −0.01 |
| UPWK Upwork Inc. | Reduce -45.6% | 0.02% | −0.01 |
| PARR Par Pacific Holdings Inc. | Reduce -22.0% | 0.02% | −0.01 |
| C Citigroup Inc. | Reduce -7.2% | 5.49% | +0.11 |
| GOOG Alphabet Inc. Class C | Reduce -9.0% | 5.68% | +0.61 |
Portfolio Buys Q3 2025 → Q4 2025
| BDX Becton Dickinson and Co. | Add +108.4% | 5.08% | +2.62 |
| AMRZ Amrize Ltd. | New | 2.47% | +2.47 |
| LBRDK Liberty Broadband-C | New | 1.74% | +1.74 |
| IFF Intl Flavors & Fragrances | Add +8.6% | 4.81% | +0.58 |
| MICC The Magnum Ice Cream Co. NV | New | 0.36% | +0.36 |
| TMO Thermo Fisher Scientific Inc. | Add +1.7% | 1.70% | +0.24 |
| NOV Nov Inc. | Add +1.9% | 1.70% | +0.22 |
| FBIN Fortune Brands Innovations I | Add +23.0% | 2.36% | +0.22 |
| BIO Bio-Rad Laboratories-A | Add +1.8% | 1.63% | +0.08 |
| WAB Wabtec Corp. | Add +1.8% | 1.27% | +0.04 |
| PCG P G & E Corp. | Add +1.9% | 0.25% | +0.01 |
| ICLR Icon PLC | Add +0.7% | 2.40% | +0.01 |
| SGOV iShares 0-3 Month Treasury B | Add +11.7% | 0.06% | +0.00 |
| VT Vanguard Tot World STK ETF | Add +9.9% | 0.04% | +0.00 |
| VYX NCR Voyix Corp. | Add +28.9% | 0.69% | +0.00 |
| HYBB iShares BB Rated Corp. Bond | New | 0.00% | +0.00 |
| KMX Carmax Inc. | Add +17.8% | 1.52% | −0.05 |
| KMI Kinder Morgan Inc. | Add +1.8% | 1.50% | −0.09 |
| AON Aon PLC Class A | Add +0.3% | 3.11% | −0.17 |
| MTN Vail Resorts Inc. | Add +7.4% | 1.94% | −0.19 |
| DEI Douglas Emmett Inc. | Add +22.4% | 0.96% | −0.20 |
| NXPI NXP Semiconductors NV | Add +0.2% | 2.23% | −0.21 |
| UBER Uber Technologies Inc. | Add +2.0% | 1.04% | −0.24 |
Notes & Other Activity Q3 2025 → Q4 2025
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Reduce -1.7% | 39,308,974 | $131.3M |
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 |