FPA
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- added−0.28
- added+0.18
- added−1.24
- added+0.06
- added+0.28
Positions
| GOOGLAlphabet Inc. Class A | 5.77% | 3,741,475 | $358M | added+1% | −0.28 pp | 28 q |
| ADIAnalog Devices, Inc. | 5.46% | 2,431,891 | $339M | added0% | +0.18 pp | 31 q |
| CMCSAComcast Corp | 5.37% | 11,358,287 | $333M | added+1% | −1.24 pp | 20 q |
| AIGAmerican International Group, Inc. | 5.17% | 6,751,954 | $321M | added+1% | +0.06 pp | 31 q |
| 0VQJLTe Connectivity Ltd | 5.07% | 2,851,976 | $315M | added+1% | +0.28 pp | 31 q |
| GOOGAlphabet Inc. Class C | 4.63% | 2,985,928 | $287M | added0% | −0.23 pp | 31 q |
| AVGOBroadcom Inc. | 4.54% | 634,495 | $282M | added+1% | −0.02 pp | 18 q |
| WFCWells Fargo & Co. | 4.00% | 6,166,659 | $248M | trimmed−1% | +0.37 pp | 18 q |
| AMZNAmazon.Com Inc | 3.97% | 2,179,319 | $246M | trimmed−5% | +0.35 pp | 19 q |
| CCitigroup Inc. | 3.77% | 5,613,109 | $234M | added+1% | −0.04 pp | 31 q |
| IFFInternational Flavors & Fragrances Inc. | 3.66% | 2,497,364 | $227M | added+59% | +0.86 pp | 8 q |
| AONAon plc Class A | 3.65% | 845,901 | $227M | trimmed−1% | +0.19 pp | 10 q |
| METAMeta Platforms, Inc. Class A | 3.30% | 1,507,737 | $205M | trimmed−2% | −0.39 pp | 20 q |
| CHTRCharter Comm Inc Del CL A New | 3.02% | 617,433 | $187M | added+1% | −1.24 pp | 18 q |
| JEFJefferies Financial Group Inc. | 2.73% | 5,744,478 | $169M | trimmed−0% | +0.35 pp | 18 q |
| KMIKinder Morgan, Inc. | 2.30% | 8,588,785 | $143M | added+1% | +0.16 pp | 19 q |
| HWMHowmet Aerospace Inc. | 2.21% | 4,425,744 | $137M | trimmed−20% | −0.38 pp | 24 q |
| FEFirstEnergy Corp. | 2.17% | 3,631,139 | $134M | added+1% | +0.10 pp | 8 q |
| WABWabtec Inc. | 2.12% | 1,613,189 | $131M | added+1% | +0.16 pp | 11 q |
| KMXCarMax Inc. | 2.07% | 1,944,929 | $128M | added+35% | +0.12 pp | 2 q |
| LPLALPL Financial Holdings Inc. | 1.96% | 557,925 | $122M | trimmed−1% | +0.41 pp | 30 q |
| NXPINXP Semiconductors N.V. | 1.81% | 760,073 | $112M | added+1% | +0.15 pp | 11 q |
| MARMarriott International Class A | 1.78% | 789,220 | $111M | added+2% | +0.21 pp | 18 q |
| AIYActivision Blizzard Inc | 1.76% | 1,472,658 | $109M | added+1% | +0.06 pp | 18 q |
| FERGFerguson Enterprises Inc. | 1.62% | 978,405 | $101M | added+30% | +0.37 pp | 2 q |
| UNVRUnivar Solutions Inc. | 1.55% | 4,217,678 | $96M | trimmed−1% | −0.03 pp | 15 q |
| NFLXNetFlix Inc | 1.52% | 401,710 | $95M | trimmed−18% | +0.24 pp | 11 q |
| UBERUber Technologies, Inc. | 1.13% | 2,643,590 | $70M | added+2% | +0.33 pp | 4 q |
| GPORGulfport Energy Corporation | 0.86% | 604,610 | $53M | trimmed−1% | +0.14 pp | 6 q |
| PCGPG&E Corporation | 0.82% | 4,069,567 | $51M | trimmed−36% | −0.13 pp | 19 q |
| HLFHerbalife Ltd. | 0.60% | 1,856,295 | $37M | trimmed−1% | +0.03 pp | 3 q |
| ICLRIcon Plc | 0.51% | 173,228 | $32M | new | +0.51 pp | new |
| DELLDell Technologies Inc. | 0.50% | 900,697 | $31M | held | — | 13 q |
| VNOVornado Realty Trust | 0.37% | 1,000,327 | $23M | new | +0.37 pp | new |
| ACAHAtlantic Coastal Acquisition Corp. Class A | 0.24% | 1,498,495 | $15M | held | — | 4 q |
| unresolvedForest Road Acquisition Cor | 0.24% | 1,499,900 | $15M | held | — | 6 q |
| unresolvedHudson Executive Inves III | 0.24% | 1,499,900 | $15M | held | — | 6 q |
| unresolvedLandcadia Holdings IV Inc | 0.24% | 1,499,899 | $15M | held | — | 6 q |
| unresolvedTlg Acquisition One Corp | 0.24% | 1,499,900 | $15M | held | — | 6 q |
| TDWTidewater, Inc. | 0.22% | 628,273 | $14M | trimmed−1% | +0.02 pp | 16 q |
| unresolvedBurtech Acquisition Corp | 0.20% | 1,245,023 | $12M | held | — | 4 q |
| unresolvedFlame Acquisition Corp | 0.20% | 1,248,746 | $12M | held | — | 6 q |
| unresolvedGlenfarne Merger Corp | 0.20% | 1,248,745 | $12M | held | — | 6 q |
| unresolvedGolden Arrow Merger Corp | 0.20% | 1,248,745 | $12M | held | — | 6 q |
| SBNYSignature Bank (NY) | 0.20% | 81,155 | $12M | trimmed−1% | −0.02 pp | 16 q |
| unresolvedColonnade Acquisition Corp I | 0.20% | 1,248,745 | $12M | new | +0.20 pp | new |
| unresolvedDisruptive Acquisition Corp | 0.20% | 1,248,748 | $12M | held | — | 6 q |
| unresolvedKismet Acquisition Three Cor | 0.20% | 1,248,745 | $12M | held | — | 6 q |
| unresolvedMacondray Cap Acquisitn Corp | 0.20% | 1,247,500 | $12M | held | — | 5 q |
| unresolvedPine Technology Acquisitn Co | 0.19% | 1,170,600 | $12M | held | — | 4 q |
| unresolvedTwelve Seas Investment Co II | 0.19% | 1,197,791 | $12M | held | — | 6 q |
| unresolvedAgile Growth Corp | 0.19% | 1,176,454 | $12M | held | — | 6 q |
| unresolvedPlum Acquisition Corp I | 0.19% | 1,169,957 | $12M | held | — | 6 q |
| unresolvedAngel Pond Holdings Corp | 0.18% | 1,144,612 | $11M | held | — | 3 q |
| OECOrion S.A. | 0.18% | 830,548 | $11M | trimmed−2% | −0.02 pp | 20 q |
| unresolvedInterprivate IV Infratech Pr | 0.17% | 1,045,934 | $10M | held | — | 6 q |
| unresolvedBroadscale Acquisition Corp | 0.16% | 1,009,809 | $10M | held | — | 4 q |
| RUSHARush Enterprises Inc | 0.15% | 207,403 | $9M | added+16% | +0.02 pp | 29 q |
| unresolvedMason Industrial Technolgy I | 0.14% | 917,294 | $9M | held | — | 6 q |
| ELMEElme Communities | 0.14% | 498,578 | $9M | held | — | 3 q |
| SLMUFSlam Corp Uts | 0.14% | 861,814 | $9M | held | — | 6 q |
| unresolvedStratim Cloud Acquisition Co | 0.13% | 810,328 | $8M | held | — | 6 q |
| unresolvedChurchill Capital Corp Vii | 0.12% | 745,996 | $7M | held | — | 6 q |
| unresolvedGx Acquisition Corp II | 0.12% | 782,029 | $8M | held | — | 4 q |
| unresolvedMission Advancement Corp | 0.12% | 741,972 | $7M | held | — | 6 q |
| unresolvedNorthern Star Invest Corp II | 0.11% | 664,459 | $7M | held | — | 6 q |
| unresolvedPeridot Acquisition Corp II | 0.11% | 704,079 | $7M | held | — | 6 q |
| unresolvedAvanti Acquisition Corp | 0.10% | 625,000 | $6M | held | — | 8 q |
| BNAIBrand Engagement Network Inc. | 0.10% | 629,832 | $6M | new | +0.10 pp | new |
| unresolvedAres Acquisition Corporation | 0.10% | 596,451 | $6M | held | — | 6 q |
| unresolvedMetals Acquisition Corp | 0.10% | 654,635 | $6M | held | — | 2 q |
| unresolvedFortress Value Acquisi Corp | 0.09% | 595,881 | $6M | held | — | 6 q |
| STGWStagwell Inc. Class A | 0.09% | 794,838 | $6M | added+48% | +0.05 pp | 3 q |
| PPLIPeople Incorporated | 0.08% | 89,836 | $5M | added+50% | +0.01 pp | 3 q |
| MSFTMicrosoft Corp | 0.08% | 22,100 | $5M | held | — | 31 q |
| unresolvedNorthern Star Invest Corp IV | 0.08% | 513,317 | $5M | held | — | 6 q |
| unresolvedGlobal Partner Acqistn Corp | 0.08% | 469,039 | $5M | held | — | 6 q |
| AAPLApple Inc. | 0.07% | 31,850 | $4M | held | — | 24 q |
| unresolvedConvey Hldg Parent Inc | 0.07% | 433,126 | $5M | trimmed−37% | −0.04 pp | 5 q |
| unresolvedAtlantic Coastal Aqstn Corp | 0.06% | 391,800 | $4M | held | — | 3 q |
| DLTRDollar Tree Inc. | 0.06% | 29,278 | $4M | trimmed−54% | −0.09 pp | 10 q |
| unresolvedCova Acquisition Corp | 0.06% | 404,041 | $4M | held | — | 2 q |
| 3GK0Tio Tech A | 0.06% | 358,437 | $4M | held | — | 6 q |
| unresolvedC5 Acquisition Corporation | 0.05% | 299,295 | $3M | held | — | 3 q |
| unresolvedGores Hldgs Viii Inc | 0.05% | 284,080 | $3M | held | — | 4 q |
| LGIHLGI Homes, Inc. | 0.05% | 36,290 | $3M | held | — | 4 q |
| unresolvedOrion Acquisition Corp | 0.05% | 304,354 | $3M | held | — | 6 q |
| PARRPar Pacific Holdings, Inc. | 0.04% | 160,255 | $3M | held | — | 31 q |
| UPWKUpwork Inc. | 0.04% | 161,357 | $2M | held | — | 10 q |
| unresolvedApollo Strategic Grwt Cptl I | 0.04% | 249,700 | $2M | held | — | 5 q |
| AVANAvanti Acquisition Corp-a | 0.04% | 228,395 | $2M | held | — | 6 q |
| unresolvedRoss Acquisition Corp II | 0.04% | 278,923 | $3M | held | — | 6 q |
| unresolvedFusion Acquisition Corp II | 0.03% | 209,875 | $2M | held | — | 6 q |
| unresolvedAfrican Gold Acquisition Cor | 0.03% | 211,746 | $2M | held | — | 6 q |
| unresolvedSilver Spike Acquisitn Corp | 0.03% | 157,769 | $2M | held | — | 3 q |
| ALGTAllegiant Travel Company | 0.02% | 19,063 | $1M | added×3.8 | +0.01 pp | 22 q |
| BLQADBlackrock Inc | 0.02% | 2,125 | $1M | trimmed−31% | −0.01 pp | 8 q |
| ETEnergy Transfer LP | 0.02% | 121,000 | $1M | added+32% | +0.01 pp | 3 q |
| EPDEnterprise Products Partners L.P. | 0.02% | 42,000 | $999,000 | added+14% | +0.01 pp | 2 q |
| PDLBPonce Financial Group, Inc. | 0.02% | 107,845 | $988,000 | new | +0.02 pp | new |
| 9FKATcw Special Purpose Acquisit | 0.02% | 143,217 | $1M | held | — | 6 q |
| unresolvedFtac Hera Acquisition Corp | 0.02% | 150,079 | $1M | held | — | 6 q |
| unresolvedLead Edge Growth Oprtunts Lt | 0.02% | 134,996 | $1M | held | — | 6 q |
| ABTAbbott Laboratories | 0.01% | 3,829 | $370,000 | held | — | 20 q |
| ELVElevance Health, Inc. | 0.01% | 1,915 | $870,000 | held | — | 28 q |
| APOApollo Global Management, Inc. | 0.01% | 9,600 | $446,000 | held | — | 3 q |
| AZOAutoZone, Inc. | 0.01% | 280 | $600,000 | held | — | 4 q |
| BACBank of America Corporation | 0.01% | 21,000 | $634,000 | added+75% | 0.00 pp | 2 q |
| BXBlackstone Inc. | 0.01% | 5,146 | $431,000 | held | — | 10 q |
| DHRDanaher Corporation | 0.01% | 2,100 | $542,000 | trimmed−2% | 0.00 pp | 11 q |
| unresolvedDigital Transformatn Opt Cor | 0.01% | 87,176 | $855,000 | held | — | 6 q |
| HDHome Depot, Inc. | 0.01% | 3,195 | $882,000 | held | — | 20 q |
| IQVIQVIA Holdings Inc. | 0.01% | 3,385 | $613,000 | held | — | 18 q |
| URTHiShares MSCI World ETF | 0.01% | 8,806 | $880,000 | held | — | 7 q |
| JPMJPMorgan Chase & Co. | 0.01% | 7,000 | $732,000 | added×2.9 | +0.01 pp | 2 q |
| KKRKKR & Co. Inc. | 0.01% | 11,600 | $499,000 | added+14% | 0.00 pp | 18 q |
| LEN.BLennar Corporation Class B | 0.01% | 9,600 | $571,000 | held | — | 2 q |
| LOWLowe's Companies Inc. | 0.01% | 4,300 | $808,000 | held | — | 10 q |
| MAMastercard Incorporated | 0.01% | 2,760 | $785,000 | trimmed−4% | 0.00 pp | 20 q |
| unresolvedMonument Circle Acquisitn Co | 0.01% | 84,352 | $832,000 | held | — | 6 q |
| NKENike, Inc. | 0.01% | 7,700 | $640,000 | trimmed−0% | 0.00 pp | 13 q |
| ORLYO'Reilly Automotive, Inc. | 0.01% | 848 | $596,000 | held | — | 21 q |
| PYPLPayPal Holdings, Inc. | 0.01% | 3,800 | $327,000 | added+1% | +0.01 pp | 18 q |
| PMPhilip Morris International Inc. | 0.01% | 6,715 | $557,000 | trimmed−6% | 0.00 pp | 4 q |
| QCOMQualcomm Inc | 0.01% | 2,788 | $315,000 | held | — | 10 q |
| SFMSprouts Farmers Market, Inc. | 0.01% | 12,850 | $357,000 | held | — | 7 q |
| TMOThermo Fisher Scientific, Inc. | 0.01% | 650 | $330,000 | held | — | 31 q |
| TOLToll Brothers, Inc. | 0.01% | 12,500 | $525,000 | held | — | 2 q |
| ULTAUlta Beauty, Inc. | 0.01% | 830 | $333,000 | held | — | 4 q |
| UPSUnited Parcel Service, Inc. Class B | 0.01% | 2,300 | $372,000 | added+28% | +0.01 pp | 2 q |
| UNHUNITEDHEALTH GROUP INCORPORATED (Delaware) | 0.01% | 1,510 | $763,000 | trimmed−16% | 0.00 pp | 20 q |
| VTVanguard Total World Stock ETF | 0.01% | 4,950 | $390,000 | trimmed−10% | 0.00 pp | 4 q |
| VVISA Inc. | 0.01% | 4,640 | $824,000 | held | — | 20 q |
| unresolvedLazard Growth Acquisition Co | 0.01% | 45,190 | $447,000 | held | — | 6 q |
| unresolvedAlpha Partners Tech Mergr Co | 0.01% | 48,890 | $481,000 | held | — | 5 q |
| unresolvedPowerup Acquisition Corp | 0.01% | 57,276 | $581,000 | held | — | 3 q |
| WTWWillis Towers Watson Public Limited Company | 0.01% | 2,400 | $482,000 | held | — | 9 q |
| unresolvedAccelerate Acquisition Corp | 0.00% | 2,200 | $22,000 | held | — | 6 q |
| AMDAdvanced Micro Devices | 0.00% | 2,350 | $149,000 | held | — | 5 q |
| UHALU-Haul Holding Company | 0.00% | 500 | $255,000 | new | 0.00 pp | new |
| unresolvedAtlantic Coastal Acquistn Co | 0.00% | 499,496 | $18,000 | held | — | 4 q |
| BBAI/WSBigBear.ai Holdings, Inc. Redeemable warrants, each full warrant exercisable for one share of at an exercise price of $11.50 per share | 0.00% | 322,965 | $48,000 | held | — | 4 q |
| unresolvedBiote Corp | 0.00% | 2,210 | $1,000 | held | — | 2 q |
| unresolvedBroadscale Acquisition Corp | 0.00% | 252,451 | $10,000 | held | — | 4 q |
| CBRECbre Group, Inc. | 0.00% | 2,100 | $142,000 | new | 0.00 pp | new |
| CIThe Cigna Group | 0.00% | 870 | $241,000 | held | — | 5 q |
| CECelanese Corporation | 0.00% | 1,700 | $154,000 | new | 0.00 pp | new |
| STZConstellation Brands, Inc. | 0.00% | 451 | $104,000 | held | — | 10 q |
| DECKDeckers Outdoor Corp | 0.00% | 750 | $234,000 | added+15% | 0.00 pp | 2 q |
| DISThe Walt Disney Company | 0.00% | 3,100 | $292,000 | added+3% | 0.00 pp | 16 q |
| unresolvedGx Acquisition Corp II | 0.00% | 260,674 | $21,000 | held | — | 4 q |
| unresolvedGsr II Meteora Acquisitn Cor | 0.00% | 520 | $5,000 | new | 0.00 pp | new |
| unresolvedGsr II Meteora Acquisitn Cor | 0.00% | 30 | $0 | new | 0.00 pp | new |
| unresolvedGsr II Meteora Acquisitn Cor | 0.00% | 520 | $0 | new | 0.00 pp | new |
| GMGeneral Motors Company | 0.00% | 6,700 | $215,000 | added+14% | 0.00 pp | 2 q |
| unresolvedGores Hldgs Viii Inc | 0.00% | 35,507 | $33,000 | held | — | 4 q |
| unresolvedGores Holdings Vii Inc | 0.00% | 5,856 | $58,000 | held | — | 6 q |
| unresolvedGores Technology Partners II | 0.00% | 7,830 | $77,000 | held | — | 6 q |
| HCAHCA Healthcare, Inc. | 0.00% | 1,225 | $225,000 | added+11% | 0.00 pp | 7 q |
| HHRHeadHunter Group PLC | 0.00% | 35,000 | $0 | held | — | 3 q |
| HLGNWHeliogen Inc -CW28 | 0.00% | 119,222 | $26,000 | held | — | 4 q |
| HONHoneywell International, Inc. | 0.00% | 1,500 | $250,000 | trimmed−3% | 0.00 pp | 20 q |
| HUMHumana Inc. | 0.00% | 475 | $230,000 | held | — | 14 q |
| MHKMohawk Industries, Inc. | 0.00% | 2,700 | $246,000 | added+80% | 0.00 pp | 2 q |
| MCOMoody's Corporation | 0.00% | 385 | $94,000 | held | — | 10 q |
| NSCNorfolk Southern Corp. | 0.00% | 1,175 | $246,000 | added+2% | 0.00 pp | 2 q |
| PLTRPalantir Technologies Inc. Class A | 0.00% | 4,365 | $35,000 | held | — | 8 q |
| unresolvedPine Technology Acquisitn Co | 0.00% | 390,197 | $16,000 | held | — | 4 q |
| unresolvedRxr Acquisition Corp | 0.00% | 11,931 | $117,000 | held | — | 6 q |
| SPGIS&P Global Inc. | 0.00% | 744 | $227,000 | held | — | 10 q |
| HSICHenry Schein Inc | 0.00% | 2,000 | $132,000 | new | 0.00 pp | new |
| SIX1Six Flags Entertainment Corp. | 0.00% | 8,250 | $146,000 | added+25% | 0.00 pp | 2 q |
| TDUPThredUp Inc. Class A | 0.00% | 1 | $0 | held | — | 5 q |
| unresolvedVirgin Orbit Holdings Inc | 0.00% | 114,080 | $34,000 | held | — | 4 q |
| unresolvedAngel Pond Holdings Corp | 0.00% | 381,535 | $95,000 | held | — | 3 q |
| ACNAccenture PLC | 0.00% | 1,050 | $270,000 | held | — | 15 q |
| unresolvedColonnade Acquisition Corp I | 0.00% | 249,746 | $25,000 | new | 0.00 pp | new |
| unresolvedCova Acquisition Corp | 0.00% | 202,019 | $5,000 | held | — | 2 q |
| unresolvedDhc Acquisition Corp | 0.00% | 209,942 | $19,000 | new | 0.00 pp | new |
| unresolvedEsm Acquisition Corporation | 0.00% | 190 | $2,000 | held | — | 6 q |
| unresolvedMetals Acquisition Corp | 0.00% | 218,209 | $71,000 | held | — | 2 q |
| PRENWPrenetics Global Limited | 0.00% | 12,934 | $5,000 | held | — | 2 q |
| unresolvedSilver Spike Acquisitn Corp | 0.00% | 39,440 | $1,000 | held | — | 3 q |
| SWVLWSwvl Holdings Corp | 0.00% | 33,184 | $1,000 | held | — | 2 q |
| NBISNebius Group N.V. Class A | 0.00% | 25,000 | $0 | held | — | 3 q |
| OTEXOpen Text Corp | — | −3,649,657 | — | exited | −2.06 pp | — |
| unresolvedColonnade Acquisition Corp I | — | −1,248,745 | — | exited | −0.18 pp | — |
| PSTHPershing Square Tontine Holdings, Ltd. | — | −534,048 | — | exited | −0.16 pp | — |
| unresolvedDhc Acquisition Corp | — | −629,832 | — | exited | −0.09 pp | — |
| BKNGBooking Holdings Inc. | — | −1,700 | — | exited | −0.04 pp | — |
| POSHPoshmark Inc-class A | — | −174,467 | — | exited | −0.03 pp | — |
| TBPHTheravance Biopharma, Inc. | — | −176,539 | — | exited | −0.02 pp | — |
| NVDANvidia Corp | — | −3,845 | — | exited | −0.01 pp | — |
| ADBEAdobe Inc. | — | −775 | — | exited | 0.00 pp | — |
| unresolvedGsr II Meteora Acquisitn Cor | — | −520 | — | exited | 0.00 pp | — |
| GDDYGoDaddy Inc | — | −4,534 | — | exited | 0.00 pp | — |
| MTCHMatch Group, Inc | — | −1,891 | — | exited | 0.00 pp | — |
| SYKStryker Corporation | — | −815 | — | exited | 0.00 pp | — |
| ZMZoom Communications, Inc. Class A | — | −1,300 | — | exited | 0.00 pp | — |
Other 13(f) securities
Options
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| Wayfair Inc | 70.53% | 100,500,000 | $67M |
| Zillow Group Inc | 14.67% | 14,490,000 | $14M |
| Upwork Inc | 6.82% | 8,900,000 | $7M |
| Colliers Intl Group Inc | 3.87% | 2,223,000 | $4M |
| Zillow Group Inc | 1.90% | 2,000,000 | $2M |
| The Realreal Inc | 1.25% | 2,000,000 | $1M |
| Farfetch Ltd | 0.96% | 1,000,000 | $913,000 |