FPA
Picture
Moves
Options: 2 moves on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- trimmed+0.28
- trimmed+0.31
- trimmed+0.27
- trimmed+0.13
- trimmed+0.11
Positions
| AIGAmerican International Group, Inc. | 7.20% | 13,416,803 | $747M | trimmed−10% | +0.28 pp | 19 q |
| ARNCHowmet Aerospace Inc. | 6.26% | 24,959,969 | $649M | trimmed−5% | +0.31 pp | 12 q |
| CMCSAComcast Corp | 4.56% | 10,504,029 | $474M | trimmed−9% | +0.27 pp | 8 q |
| CCitigroup Inc. | 4.45% | 6,681,993 | $462M | trimmed−5% | +0.13 pp | 19 q |
| ADIAnalog Devices, Inc. | 4.32% | 4,014,862 | $449M | trimmed−6% | +0.11 pp | 19 q |
| GOOGAlphabet Inc. Class C | 4.26% | 362,836 | $442M | trimmed−0% | +0.82 pp | 19 q |
| AVGOBroadcom Inc. | 4.15% | 1,558,535 | $430M | trimmed−11% | −0.26 pp | 6 q |
| METAMeta Platforms, Inc. Class A | 4.05% | 2,357,322 | $420M | trimmed−3% | −0.06 pp | 8 q |
| UTXZRTX Corporation | 3.81% | 2,892,549 | $395M | trimmed−10% | +0.15 pp | 19 q |
| CITCIT Group Inc. | 3.80% | 8,705,058 | $394M | trimmed−1% | −0.25 pp | 19 q |
| BACBank of America Corporation | 3.79% | 13,465,875 | $393M | trimmed−3% | +0.25 pp | 19 q |
| GOOGLAlphabet Inc. Class A | 3.72% | 315,796 | $386M | added+1% | +0.76 pp | 16 q |
| JEFJefferies Financial Group Inc. | 3.67% | 20,687,959 | $381M | added+1% | +0.21 pp | 6 q |
| CHTRCharter Comm Inc Del CL A New | 3.62% | 910,657 | $375M | trimmed−9% | +0.16 pp | 6 q |
| MSFTMicrosoft Corp | 3.38% | 2,521,409 | $351M | trimmed−18% | −0.24 pp | 19 q |
| 0VQJLTe Connectivity Ltd | 3.35% | 3,733,335 | $348M | trimmed−8% | −0.05 pp | 19 q |
| WFCWells Fargo & Co. | 3.34% | 6,864,152 | $346M | trimmed−1% | +0.47 pp | 6 q |
| KMIKinder Morgan, Inc. | 3.10% | 15,625,645 | $322M | trimmed−8% | 0.00 pp | 7 q |
| BIDUBaidu, Inc. | 2.37% | 2,391,136 | $246M | added0% | −0.09 pp | 15 q |
| JDJD.com, Inc. | 2.29% | 8,421,631 | $238M | added+1% | +0.08 pp | 8 q |
| unresolvedAon PLC | 2.12% | 1,135,130 | $220M | trimmed−24% | −0.39 pp | 19 q |
| LPLALPL Financial Holdings Inc. | 2.06% | 2,611,173 | $214M | trimmed−10% | −0.01 pp | 18 q |
| ALLYAlly Financial Inc. | 2.04% | 6,393,210 | $212M | trimmed−25% | −0.26 pp | 15 q |
| UNVRUnivar Solutions Inc. | 1.69% | 8,444,932 | $175M | added+6% | +0.16 pp | 3 q |
| MYLMylan NV | 1.55% | 8,113,720 | $160M | trimmed−13% | −0.01 pp | 12 q |
| DELLDell Technologies Inc. | 1.42% | 2,834,875 | $147M | new | +1.42 pp | new |
| AABAAltaba Inc. | 1.37% | 7,274,596 | $142M | added+1% | −3.02 pp | 10 q |
| MHKMohawk Industries, Inc. | 1.08% | 904,476 | $112M | added+1% | −0.08 pp | 5 q |
| OIO-I Glass, Inc. | 1.00% | 10,101,890 | $104M | added+1% | −0.51 pp | 19 q |
| SBNYSignature Bank (NY) | 0.94% | 820,900 | $98M | added+1% | +0.08 pp | 4 q |
| PCGPG&E Corporation | 0.51% | 5,325,703 | $53M | added0% | −0.56 pp | 7 q |
| ALGTAllegiant Travel Company | 0.49% | 336,557 | $50M | trimmed−3% | +0.05 pp | 10 q |
| OECOrion S.A. | 0.42% | 2,610,710 | $44M | added+42% | +0.08 pp | 8 q |
| CBTCabot Corporation | 0.29% | 673,631 | $31M | added+1% | +0.01 pp | 3 q |
| WUBA58.COM Inc | 0.24% | 500,640 | $25M | added+3% | −0.03 pp | 12 q |
| ORCLOracle Corp | 0.22% | 414,105 | $23M | trimmed−18% | −0.03 pp | 19 q |
| DGDollar General Corp. | 0.20% | 129,875 | $21M | trimmed−17% | +0.02 pp | 12 q |
| TDWTidewater, Inc. | 0.18% | 1,209,312 | $18M | added+1% | −0.07 pp | 4 q |
| unresolvedAmerican Intl Group Inc | 0.15% | 1,126,424 | $16M | held | — | 15 q |
| unresolvedOaktree Acquisition Corp | 0.15% | 1,550,000 | $16M | new | +0.15 pp | new |
| IDCCInterDigital, Inc. | 0.11% | 224,147 | $12M | added+14% | 0.00 pp | 19 q |
| NBLNoble Energy, Inc. | 0.11% | 524,701 | $12M | added+33% | +0.03 pp | 17 q |
| BABAAlibaba Group Holding Limited | 0.10% | 60,530 | $10M | added+8% | +0.02 pp | 6 q |
| ISBCInvestors Bancorp, Inc. | 0.09% | 806,354 | $9M | trimmed−11% | 0.00 pp | 5 q |
| PMPhilip Morris International Inc. | 0.08% | 106,732 | $8M | trimmed−24% | −0.02 pp | 10 q |
| AANAaron's Inc | 0.07% | 111,982 | $7M | trimmed−0% | +0.01 pp | 19 q |
| CFFNCapitol Federal Financial, Inc. | 0.07% | 550,774 | $8M | trimmed−15% | −0.01 pp | 8 q |
| CAKECheesecake Factory (The) | 0.07% | 161,913 | $7M | added+35% | +0.02 pp | 3 q |
| DANDana Incorporated | 0.07% | 497,079 | $7M | added+12% | −0.01 pp | 5 q |
| GPKGraphic Packaging Holding Company | 0.07% | 459,160 | $7M | added+7% | +0.02 pp | 8 q |
| RGSRegis Corporation | 0.07% | 384,678 | $8M | trimmed−25% | −0.01 pp | 19 q |
| ARWArrow Electronics, Inc. | 0.06% | 88,473 | $7M | added+54% | +0.02 pp | 19 q |
| RYAAYRyanair Holdings plc | 0.06% | 87,383 | $6M | added+1% | +0.01 pp | 9 q |
| AIYActivision Blizzard Inc | 0.05% | 100,790 | $5M | trimmed−5% | +0.01 pp | 6 q |
| BKNGBooking Holdings Inc. | 0.05% | 2,628 | $5M | added0% | +0.01 pp | 7 q |
| CRICarter's Inc. | 0.05% | 53,030 | $5M | trimmed−7% | 0.00 pp | 5 q |
| FHBFirst Hawaiian, Inc. | 0.05% | 206,969 | $6M | trimmed−13% | 0.00 pp | 4 q |
| MKSIMKS Inc. | 0.05% | 54,131 | $5M | trimmed−46% | −0.02 pp | 5 q |
| RUSHARush Enterprises Inc | 0.05% | 144,655 | $6M | held | — | 17 q |
| SERVTerminix Global Holdings Inc | 0.05% | 93,557 | $5M | trimmed−35% | −0.02 pp | 6 q |
| WDCWestern Digital Corp. | 0.05% | 87,039 | $5M | trimmed−55% | −0.03 pp | 19 q |
| AMBAAmbarella, Inc. | 0.05% | 79,552 | $5M | trimmed−40% | 0.00 pp | 5 q |
| ACIWACI Worldwide, Inc. | 0.04% | 121,469 | $4M | new | +0.04 pp | new |
| AMZNAmazon.Com Inc | 0.04% | 2,217 | $4M | held | — | 7 q |
| AVTAvnet, Inc. | 0.04% | 99,938 | $4M | trimmed−36% | −0.02 pp | 19 q |
| 99803EURLaboratory Crp Of Amer Hldgs | 0.04% | 22,000 | $4M | held | — | 19 q |
| CISNCision Ltd | 0.04% | 537,347 | $4M | added×2.3 | +0.02 pp | 7 q |
| AGCOAGCO Corporation | 0.03% | 42,191 | $3M | trimmed−45% | −0.02 pp | 19 q |
| AAPLApple Inc. | 0.03% | 12,820 | $3M | trimmed−4% | +0.01 pp | 12 q |
| ORLYO'Reilly Automotive, Inc. | 0.03% | 8,000 | $3M | held | — | 9 q |
| RVIRetail Value Inc | 0.03% | 91,705 | $3M | held | — | 5 q |
| RRyder System, Inc. | 0.03% | 51,575 | $3M | trimmed−49% | −0.02 pp | 4 q |
| SAICScience Applications International Corporation | 0.03% | 34,228 | $3M | trimmed−10% | 0.00 pp | 2 q |
| MTNVail Resorts, Inc. | 0.03% | 15,749 | $4M | trimmed−11% | 0.00 pp | 3 q |
| VVISA Inc. | 0.03% | 18,375 | $3M | trimmed−8% | 0.00 pp | 8 q |
| VGVonage Holdings Corp | 0.03% | 259,765 | $3M | new | +0.03 pp | new |
| unresolvedFranks Intl N V | 0.03% | 562,494 | $3M | trimmed−38% | −0.01 pp | 9 q |
| CNCCentene Corporation | 0.02% | 53,842 | $2M | new | +0.02 pp | new |
| CSCOCisco Systems, Inc. (DE) | 0.02% | 49,150 | $2M | held | — | 19 q |
| GNTXGentex Corp | 0.02% | 89,566 | $2M | trimmed−39% | −0.01 pp | 8 q |
| MGLNMagellan Health Services, Inc. | 0.02% | 38,235 | $2M | trimmed−14% | −0.01 pp | 2 q |
| MAMastercard Incorporated | 0.02% | 7,950 | $2M | held | — | 8 q |
| PARRPar Pacific Holdings, Inc. | 0.02% | 97,615 | $2M | held | — | 19 q |
| VMIValmont Industries, Inc. | 0.02% | 17,733 | $2M | trimmed−62% | −0.03 pp | 3 q |
| ADBEAdobe Inc. | 0.01% | 2,800 | $774,000 | held | — | 6 q |
| AXPAmerican Express Company | 0.01% | 5,700 | $674,000 | held | — | 17 q |
| ADSKAutodesk Inc | 0.01% | 3,750 | $554,000 | added+42% | +0.01 pp | 4 q |
| BRK.ABerkshire Hathaway Inc. | 0.01% | 3 | $935,000 | new | +0.01 pp | new |
| BXBlackstone Inc. | 0.01% | 19,700 | $962,000 | held | — | 5 q |
| BABoeing Company | 0.01% | 3,465 | $1M | trimmed−46% | −0.01 pp | 8 q |
| DISThe Walt Disney Company | 0.01% | 8,800 | $1M | added+9% | 0.00 pp | 4 q |
| HDHome Depot, Inc. | 0.01% | 3,150 | $731,000 | held | — | 8 q |
| JPMJPMorgan Chase & Co. | 0.01% | 11,120 | $1M | trimmed−13% | 0.00 pp | 8 q |
| KKRKKR & Co. Inc. | 0.01% | 45,900 | $1M | trimmed−20% | 0.00 pp | 6 q |
| LMTLockheed Martin Corp. | 0.01% | 1,725 | $673,000 | held | — | 5 q |
| LOWLowe's Companies Inc. | 0.01% | 5,250 | $577,000 | held | — | 9 q |
| MSGSMadison Square Garden Sports Corp. | 0.01% | 4,025 | $1M | held | — | 16 q |
| NKENike, Inc. | 0.01% | 6,250 | $587,000 | new | +0.01 pp | new |
| NOCNorthrop Grumman Corp. | 0.01% | 1,600 | $600,000 | held | — | 6 q |
| PYPLPayPal Holdings, Inc. | 0.01% | 8,300 | $860,000 | held | — | 6 q |
| CRMSalesforce, Inc. | 0.01% | 3,750 | $557,000 | added+10% | +0.01 pp | 6 q |
| SAVEQSpirit Airlines, Inc. | 0.01% | 14,454 | $525,000 | new | +0.01 pp | new |
| TMOThermo Fisher Scientific, Inc. | 0.01% | 2,350 | $684,000 | held | — | 19 q |
| UNPUnion Pacific Corp. | 0.01% | 4,100 | $664,000 | trimmed−25% | 0.00 pp | 8 q |
| UNHUNITEDHEALTH GROUP INCORPORATED (Delaware) | 0.01% | 4,860 | $1M | added+23% | 0.00 pp | 8 q |
| DBDeutsche Bank Aktiengesellschaft | 0.01% | 75,587 | $567,000 | new | +0.01 pp | new |
| RNRRenaissanceRe Holdings Ltd. | 0.01% | 7,539 | $1M | trimmed−53% | −0.01 pp | 5 q |
| ABTAbbott Laboratories | 0.00% | 4,850 | $406,000 | held | — | 8 q |
| ELVElevance Health, Inc. | 0.00% | 1,200 | $288,000 | held | — | 16 q |
| ADPAutomatic Data Processing | 0.00% | 1,350 | $218,000 | new | 0.00 pp | new |
| BRK.BBERKSHIRE HATHAWAY Class B | 0.00% | 1,885 | $392,000 | new | 0.00 pp | new |
| EAElectronic Arts Inc | 0.00% | 1,750 | $171,000 | held | — | 4 q |
| GDGeneral Dynamics Corporation | 0.00% | 1,000 | $183,000 | held | — | 5 q |
| GDDYGoDaddy Inc | 0.00% | 4,300 | $284,000 | new | 0.00 pp | new |
| HONHoneywell International, Inc. | 0.00% | 2,000 | $338,000 | held | — | 8 q |
| HUMHumana Inc. | 0.00% | 1,075 | $275,000 | held | — | 2 q |
| HIIHuntington Ingalls Industries, Inc. | 0.00% | 1,100 | $233,000 | held | — | 4 q |
| INTCIntel Corp | 0.00% | 6,025 | $310,000 | trimmed−52% | −0.01 pp | 3 q |
| IQVIQVIA Holdings Inc. | 0.00% | 2,400 | $359,000 | held | — | 6 q |
| MARMarriott International Class A | 0.00% | 2,700 | $336,000 | held | — | 6 q |
| MSMorgan Stanley | 0.00% | 8,550 | $365,000 | trimmed−32% | 0.00 pp | 8 q |
| QADAQad Inc-a | 0.00% | 500 | $23,000 | new | 0.00 pp | new |
| RTNRaytheon Company | 0.00% | 1,900 | $373,000 | new | 0.00 pp | new |
| NOWServicenow, Inc. | 0.00% | 935 | $237,000 | new | 0.00 pp | new |
| UPSUnited Parcel Service, Inc. Class B | 0.00% | 3,550 | $425,000 | trimmed−37% | −0.01 pp | 8 q |
| WDAYWorkday, Inc. Class A | 0.00% | 2,080 | $354,000 | new | 0.00 pp | new |
| ACNAccenture PLC | 0.00% | 2,000 | $385,000 | held | — | 3 q |
| MRKTIhs Markit Ltd | 0.00% | 6,250 | $418,000 | held | — | 3 q |
| unresolvedIngersoll-Rand Plc | 0.00% | 2,600 | $320,000 | new | 0.00 pp | new |
| MDTMedtronic plc | 0.00% | 3,950 | $429,000 | held | — | 8 q |
| SPOTSpotify Technology S.A. | 0.00% | 223 | $25,000 | new | 0.00 pp | new |
| XECCimarex Energy Co | — | −227,975 | — | exited | −0.12 pp | — |
| THOThor Industries, Inc. | — | −43,677 | — | exited | −0.02 pp | — |
| NFLXNetFlix Inc | — | −1,928 | — | exited | −0.01 pp | — |
| VMWVMware, Inc | — | −2,050 | — | exited | 0.00 pp | — |
| NCLHNorwegian Cruise Line Holdings Ltd. | — | −8,100 | — | exited | 0.00 pp | — |
| RCLRoyal Caribbean Group | — | −3,150 | — | exited | 0.00 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| VMW PUT | 80.11% | 1,304,900 | $196M |
| AIG CALL | 19.46% | 853,800 | $48M |
| DB CALL | 0.43% | 141,200 | $1M |
Notes