FPA
Picture
Moves
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- added−0.31
- added+0.18
- added+0.54
- added+0.55
- trimmed+0.01
Positions
| CMCSAComcast Corp | 7.07% | 10,561,241 | $463M | added+1% | −0.31 pp | 25 q |
| GOOGLAlphabet Inc. Class A | 6.83% | 3,199,616 | $447M | added+1% | +0.18 pp | 33 q |
| ADIAnalog Devices, Inc. | 6.50% | 2,144,002 | $426M | added+1% | +0.54 pp | 36 q |
| 0VQJLTe Connectivity Ltd | 5.94% | 2,766,338 | $389M | added+1% | +0.55 pp | 36 q |
| METAMeta Platforms, Inc. Class A | 5.88% | 1,087,355 | $385M | trimmed−11% | +0.01 pp | 25 q |
| CCitigroup Inc. | 5.26% | 6,690,639 | $344M | added+23% | +1.68 pp | 36 q |
| IFFInternational Flavors & Fragrances Inc. | 4.92% | 3,980,310 | $322M | added+2% | +0.68 pp | 13 q |
| GOOGAlphabet Inc. Class C | 4.84% | 2,247,324 | $317M | trimmed−7% | −0.26 pp | 36 q |
| WFCWells Fargo & Co. | 3.87% | 5,151,458 | $254M | trimmed−11% | +0.11 pp | 23 q |
| AMZNAmazon.Com Inc | 3.82% | 1,646,357 | $250M | trimmed−7% | +0.21 pp | 24 q |
| CHTRCharter Comm Inc Del CL A New | 3.55% | 598,350 | $233M | added+1% | −0.62 pp | 23 q |
| JEFJefferies Financial Group Inc. | 3.35% | 5,423,750 | $219M | trimmed−0% | +0.17 pp | 23 q |
| FERGFerguson Enterprises Inc. | 3.21% | 1,087,676 | $210M | added+1% | +0.39 pp | 7 q |
| AONAon plc Class A | 3.17% | 713,050 | $208M | trimmed−1% | −0.56 pp | 15 q |
| NXPINXP Semiconductors N.V. | 2.80% | 797,594 | $183M | added+1% | +0.28 pp | 16 q |
| KMXCarMax Inc. | 2.73% | 2,331,545 | $179M | added+1% | +0.13 pp | 7 q |
| AVGOBroadcom Inc. | 2.67% | 156,650 | $175M | trimmed−23% | −0.03 pp | 23 q |
| KMIKinder Morgan, Inc. | 2.16% | 8,014,742 | $141M | added+1% | +0.06 pp | 24 q |
| MARMarriott International Class A | 2.06% | 598,350 | $135M | added+1% | +0.21 pp | 23 q |
| FEFirstEnergy Corp. | 1.95% | 3,481,258 | $128M | added+1% | +0.07 pp | 13 q |
| WABWabtec Inc. | 1.67% | 863,423 | $110M | added+1% | +0.22 pp | 16 q |
| HWMHowmet Aerospace Inc. | 1.62% | 1,960,587 | $106M | added+1% | +0.19 pp | 29 q |
| LPLALPL Financial Holdings Inc. | 1.60% | 460,261 | $105M | trimmed−4% | −0.23 pp | 35 q |
| ICLRIcon Plc | 1.52% | 350,816 | $99M | added+1% | +0.16 pp | 6 q |
| UBERUber Technologies, Inc. | 1.50% | 1,597,030 | $98M | trimmed−23% | −0.02 pp | 9 q |
| DEIDouglas Emmett, Inc. | 1.23% | 5,546,488 | $80M | added+11% | +0.21 pp | 4 q |
| GPORGulfport Energy Corporation | 1.11% | 545,455 | $73M | trimmed−9% | −0.03 pp | 11 q |
| DELLDell Technologies Inc. | 1.05% | 897,425 | $69M | held | — | 18 q |
| NFLXNetFlix Inc | 1.04% | 139,301 | $68M | trimmed−17% | +0.02 pp | 16 q |
| AIGAmerican International Group, Inc. | 0.99% | 955,168 | $65M | trimmed−85% | −5.11 pp | 36 q |
| VNOVornado Realty Trust | 0.83% | 1,932,391 | $55M | trimmed−0% | +0.13 pp | 6 q |
| VYXNCR Voyix Corporation | 0.65% | 2,507,624 | $42M | added×2.3 | +0.17 pp | 4 q |
| NATLNCR Atleos Corporation | 0.58% | 1,564,398 | $38M | new | +0.58 pp | new |
| HLFHerbalife Ltd. | 0.43% | 1,834,105 | $28M | trimmed−0% | +0.02 pp | 8 q |
| PCGPG&E Corporation | 0.31% | 1,121,114 | $20M | added+1% | +0.02 pp | 24 q |
| RUSHARush Enterprises Inc | 0.22% | 290,026 | $15M | trimmed−0% | +0.03 pp | 34 q |
| TDWTidewater, Inc. | 0.18% | 161,649 | $12M | trimmed−5% | −0.01 pp | 21 q |
| LAURLaureate Education, Inc. | 0.13% | 614,358 | $8M | added+9% | 0.00 pp | 4 q |
| OECOrion S.A. | 0.13% | 318,477 | $9M | held | — | 25 q |
| STGWStagwell Inc. Class A | 0.10% | 975,983 | $6M | held | — | 8 q |
| CIGIColliers International Group Inc. Subordinate Voting Shares | 0.09% | 44,913 | $6M | held | — | 3 q |
| DLTRDollar Tree Inc. | 0.06% | 27,301 | $4M | held | — | 15 q |
| LGIHLGI Homes, Inc. | 0.06% | 29,441 | $4M | held | — | 9 q |
| PARRPar Pacific Holdings, Inc. | 0.05% | 82,918 | $3M | trimmed−14% | −0.01 pp | 36 q |
| ALGTAllegiant Travel Company | 0.04% | 30,962 | $3M | added+20% | +0.01 pp | 27 q |
| PPLIPeople Incorporated | 0.04% | 48,346 | $3M | trimmed−50% | −0.04 pp | 8 q |
| EBCEastern Bankshares, Inc. | 0.03% | 121,689 | $2M | added+47% | +0.01 pp | 3 q |
| 6PMParamount Group Inc | 0.03% | 441,550 | $2M | trimmed−10% | −0.01 pp | 4 q |
| PDLBPonce Financial Group, Inc. | 0.03% | 181,562 | $2M | held | — | 6 q |
| VTVanguard Total World Stock ETF | 0.03% | 17,600 | $2M | added+57% | +0.01 pp | 9 q |
| ESGREnstar Group Ltd | 0.03% | 5,585 | $2M | added+27% | +0.01 pp | 2 q |
| BIOBio-Rad Laboratories, Inc.Class A | 0.02% | 4,866 | $2M | new | +0.02 pp | new |
| unresolvedFlame Acquisition Corp | 0.02% | 620,874 | $1M | held | — | 5 q |
| UPWKUpwork Inc. | 0.02% | 104,881 | $2M | held | — | 15 q |
| unresolvedMetals Acquisition Limited | 0.01% | 216,944 | $370,974 | held | — | 3 q |
| unresolvedPowerup Acquisition Corp | 0.01% | 56,966 | $615,233 | held | — | 8 q |
| AONCWAmer Oncology Network Wts | 0.00% | 21,670 | $4,377 | held | — | 2 q |
| unresolvedAtlantic Coastal Acquistn Co | 0.00% | 496,698 | $12,914 | held | — | 9 q |
| unresolvedAtlantic Coastal Aqstn Corp | 0.00% | 194,779 | $3,915 | 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% | 321,156 | $108,583 | held | — | 9 q |
| BTMDBiote Corp. Class A | 0.00% | 502 | $2,480 | held | — | 3 q |
| unresolvedBurtech Acquisition Corp | 0.00% | 1,238,082 | $111,427 | held | — | 5 q |
| unresolvedChurchill Capital Corp Vii | 0.00% | 148,361 | $19,302 | held | — | 4 q |
| unresolvedGolden Arrow Merger Corp | 0.00% | 413,915 | $53,850 | held | — | 5 q |
| unresolvedLandcadia Holdings IV Inc | 0.00% | 372,861 | $14,952 | held | — | 5 q |
| NIOBWNioCorp Developments Ltd. | 0.00% | 259,205 | $137,379 | held | — | 4 q |
| unresolvedTwelve Seas Investment Co II | 0.00% | 397,025 | $11,911 | held | — | 4 q |
| unresolvedDhc Acquisition Corp | 0.00% | 208,766 | $3,152 | held | — | 6 q |
| ECXWWECARX Holdings Inc. | 0.00% | 200,881 | $6,428 | held | — | 5 q |
| unresolvedGlobal Partner Acqistn Corp | 0.00% | 77,733 | $0 | held | — | 4 q |
| unresolvedMariadb PLC | 0.00% | 379,386 | $9,523 | held | — | 5 q |
| unresolvedPlum Acquisition Corp III | 0.00% | 16,200 | $972 | held | — | 2 q |
| VEEAWVeea Inc. | 0.00% | 232,673 | $30,248 | held | — | 4 q |
| PRENWPrenetics Global Limited | 0.00% | 12,860 | $82 | held | — | 7 q |
| unresolvedRoss Acquisition Corp II | 0.00% | 92,449 | $5,177 | held | — | 4 q |
| unresolvedSlam Corp | 0.00% | 214,237 | $40,705 | held | — | 4 q |
| SWVLWSwvl Holdings Corp | 0.00% | 32,998 | $218 | held | — | 7 q |
| unresolvedC5 Acquisition Corporation | — | −148,792 | — | exited | 0.00 pp | — |
| ELIWQElectriq Power Hldgs Wts | — | −497,152 | — | exited | 0.00 pp | — |
| unresolvedForest Road Acquisition Cor | — | −298,291 | — | exited | 0.00 pp | — |
| HLGNWHeliogen Inc -CW28 | — | −118,552 | — | exited | 0.00 pp | — |
| unresolvedApollo Strategic Grwt Cptl I | — | −49,656 | — | exited | 0.00 pp | — |
| unresolvedDisruptive Acquisition Corp | — | −413,916 | — | exited | 0.00 pp | — |
| unresolvedAres Acquisition Corporation | — | −118,617 | — | exited | 0.00 pp | — |
| NBISNebius Group N.V. Class A | — | −25,000 | — | exited | 0.00 pp | — |
Other 13(f) securities
Options
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| Wayfair Inc | 73.80% | 104,978,000 | $95M |
| Zillow Group Inc | 15.27% | 14,421,000 | $20M |
| Upwork Inc | 5.86% | 8,900,000 | $8M |
| Wayfair Inc | 3.37% | 4,976,000 | $4M |
| Zillow Group Inc | 1.70% | 1,990,000 | $2M |