FPA
Picture
Moves
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- trimmed+1.24
- added+0.08
- added−0.51
- added+0.80
- trimmed−0.45
Positions
| METAMeta Platforms, Inc. Class A | 7.12% | 1,026,316 | $498M | trimmed−6% | +1.24 pp | 26 q |
| GOOGLAlphabet Inc. Class A | 6.91% | 3,206,551 | $484M | added0% | +0.08 pp | 34 q |
| CMCSAComcast Corp | 6.56% | 10,598,115 | $459M | added0% | −0.51 pp | 26 q |
| CCitigroup Inc. | 6.06% | 6,711,855 | $424M | added0% | +0.80 pp | 37 q |
| ADIAnalog Devices, Inc. | 6.05% | 2,140,120 | $423M | trimmed−0% | −0.45 pp | 37 q |
| 0VQJLTe Connectivity Ltd | 5.76% | 2,776,505 | $403M | added0% | −0.18 pp | 37 q |
| IFFInternational Flavors & Fragrances Inc. | 4.83% | 3,930,749 | $338M | trimmed−1% | −0.09 pp | 14 q |
| GOOGAlphabet Inc. Class C | 4.64% | 2,133,895 | $325M | trimmed−5% | −0.20 pp | 37 q |
| WFCWells Fargo & Co. | 4.28% | 5,170,186 | $300M | added0% | +0.41 pp | 24 q |
| AMZNAmazon.Com Inc | 4.22% | 1,639,689 | $296M | trimmed−0% | +0.40 pp | 25 q |
| AONAon plc Class A | 3.44% | 721,804 | $241M | added+1% | +0.27 pp | 16 q |
| JEFJefferies Financial Group Inc. | 3.41% | 5,420,370 | $239M | trimmed−0% | +0.06 pp | 24 q |
| FERGFerguson Enterprises Inc. | 3.40% | 1,088,589 | $238M | added0% | +0.19 pp | 8 q |
| KMXCarMax Inc. | 2.91% | 2,339,026 | $204M | added0% | +0.18 pp | 8 q |
| NXPINXP Semiconductors N.V. | 2.83% | 798,895 | $198M | added0% | +0.03 pp | 17 q |
| AVGOBroadcom Inc. | 2.69% | 142,099 | $188M | trimmed−9% | +0.02 pp | 24 q |
| CHTRCharter Comm Inc Del CL A New | 2.49% | 600,386 | $174M | added0% | −1.06 pp | 24 q |
| MARMarriott International Class A | 2.16% | 600,706 | $152M | added0% | +0.10 pp | 24 q |
| KMIKinder Morgan, Inc. | 2.10% | 8,035,660 | $147M | added0% | −0.06 pp | 25 q |
| FEFirstEnergy Corp. | 1.92% | 3,488,155 | $135M | added0% | −0.03 pp | 14 q |
| LPLALPL Financial Holdings Inc. | 1.74% | 459,822 | $121M | trimmed−0% | +0.14 pp | 36 q |
| ICLRIcon Plc | 1.68% | 350,619 | $118M | trimmed−0% | +0.16 pp | 7 q |
| HWMHowmet Aerospace Inc. | 1.66% | 1,702,071 | $116M | trimmed−13% | +0.04 pp | 30 q |
| UBERUber Technologies, Inc. | 1.54% | 1,405,019 | $108M | trimmed−12% | +0.04 pp | 10 q |
| WABWabtec Inc. | 1.52% | 730,410 | $106M | trimmed−15% | −0.15 pp | 17 q |
| GPORGulfport Energy Corporation | 1.25% | 546,897 | $88M | added0% | +0.14 pp | 12 q |
| DEIDouglas Emmett, Inc. | 1.10% | 5,544,133 | $77M | trimmed−0% | −0.13 pp | 5 q |
| NFLXNetFlix Inc | 0.96% | 110,556 | $67M | trimmed−21% | −0.08 pp | 17 q |
| VNOVornado Realty Trust | 0.79% | 1,932,755 | $56M | added0% | −0.04 pp | 7 q |
| DELLDell Technologies Inc. | 0.70% | 432,226 | $49M | trimmed−52% | −0.35 pp | 19 q |
| NATLNCR Atleos Corporation | 0.68% | 2,410,140 | $48M | added+54% | +0.10 pp | 2 q |
| BIOBio-Rad Laboratories, Inc.Class A | 0.52% | 104,739 | $36M | added×21.5 | +0.50 pp | 2 q |
| VYXNCR Voyix Corporation | 0.47% | 2,631,884 | $33M | added+5% | −0.18 pp | 5 q |
| PCGPG&E Corporation | 0.27% | 1,124,940 | $19M | added0% | −0.04 pp | 25 q |
| HLFHerbalife Ltd. | 0.26% | 1,832,935 | $18M | trimmed−0% | −0.17 pp | 9 q |
| LAURLaureate Education, Inc. | 0.17% | 813,781 | $12M | added+32% | +0.04 pp | 5 q |
| TDWTidewater, Inc. | 0.15% | 115,928 | $11M | trimmed−28% | −0.03 pp | 22 q |
| RUSHARush Enterprises Inc | 0.14% | 183,942 | $10M | trimmed−37% | −0.08 pp | 35 q |
| OECOrion S.A. | 0.11% | 318,477 | $7M | held | — | 26 q |
| STGWStagwell Inc. Class A | 0.09% | 975,983 | $6M | held | — | 9 q |
| CIGIColliers International Group Inc. Subordinate Voting Shares | 0.08% | 43,600 | $5M | trimmed−3% | −0.01 pp | 4 q |
| PPLIPeople Incorporated | 0.04% | 48,346 | $3M | held | — | 9 q |
| PARRPar Pacific Holdings, Inc. | 0.04% | 71,812 | $3M | trimmed−13% | −0.01 pp | 37 q |
| VTVanguard Total World Stock ETF | 0.04% | 22,600 | $2M | added+28% | +0.01 pp | 10 q |
| ALGTAllegiant Travel Company | 0.03% | 30,962 | $2M | held | — | 28 q |
| 6PMParamount Group Inc | 0.03% | 441,550 | $2M | held | — | 5 q |
| EBCEastern Bankshares, Inc. | 0.02% | 121,689 | $2M | held | — | 4 q |
| PDLBPonce Financial Group, Inc. | 0.02% | 181,562 | $2M | held | — | 7 q |
| unresolvedSable Offshore Corp | 0.02% | 620,874 | $2M | new | +0.02 pp | new |
| UPWKUpwork Inc. | 0.02% | 104,881 | $1M | held | — | 16 q |
| ESGREnstar Group Ltd | 0.02% | 5,585 | $2M | held | — | 3 q |
| PBFSPioneer Bancorp, Inc. | 0.01% | 52,628 | $516,281 | new | +0.01 pp | new |
| unresolvedMetals Acquisition Limited | 0.01% | 216,944 | $442,566 | held | — | 4 q |
| ASBPAspire-Lakewood Holdings, Inc. | 0.01% | 56,966 | $628,335 | new | +0.01 pp | new |
| AONCWAmer Oncology Network Wts | 0.00% | 21,670 | $7,370 | held | — | 3 q |
| unresolvedAtlantic Coastal Aqstn Corp | 0.00% | 194,779 | $10,479 | held | — | 5 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 | $107,635 | held | — | 10 q |
| BNAIWBrand Engagement Network Inc. | 0.00% | 208,766 | $25,073 | new | 0.00 pp | new |
| unresolvedBurtech Acquisition Corp | 0.00% | 1,238,082 | $222,731 | held | — | 6 q |
| unresolvedChurchill Capital Corp Vii | 0.00% | 148,361 | $47,476 | held | — | 5 q |
| unresolvedGolden Arrow Merger Corp | 0.00% | 413,915 | $78,727 | held | — | 6 q |
| NIOBWNioCorp Developments Ltd. | 0.00% | 259,205 | $101,090 | held | — | 5 q |
| unresolvedTwelve Seas Investment Co II | 0.00% | 397,025 | $37,320 | held | — | 5 q |
| ECXWWECARX Holdings Inc. | 0.00% | 200,881 | $6,026 | held | — | 6 q |
| unresolvedGlobal Partner Acqistn Corp | 0.00% | 77,733 | $0 | held | — | 5 q |
| unresolvedMariadb PLC | 0.00% | 379,386 | $34,145 | held | — | 6 q |
| unresolvedPlum Acquisition Corp III | 0.00% | 16,200 | $2,187 | held | — | 3 q |
| VEEAWVeea Inc. | 0.00% | 232,673 | $90,742 | held | — | 5 q |
| ASBPWAspire-Lakewood Holdings, Inc. | 0.00% | 28,482 | $857 | new | 0.00 pp | new |
| PRENWPrenetics Global Limited | 0.00% | 12,860 | $134 | held | — | 8 q |
| unresolvedSlam Corp | 0.00% | 214,237 | $38,563 | held | — | 5 q |
| SWVLWSwvl Holdings Corp | 0.00% | 32,998 | $561 | held | — | 8 q |
| AIGAmerican International Group, Inc. | — | −955,168 | — | exited | −0.99 pp | — |
| DLTRDollar Tree Inc. | — | −27,301 | — | exited | −0.06 pp | — |
| LGIHLGI Homes, Inc. | — | −29,441 | — | exited | −0.06 pp | — |
| unresolvedFlame Acquisition Corp | — | −620,874 | — | exited | −0.02 pp | — |
| unresolvedPowerup Acquisition Corp | — | −56,966 | — | exited | −0.01 pp | — |
| unresolvedAtlantic Coastal Acquistn Co | — | −496,698 | — | exited | 0.00 pp | — |
| BTMDBiote Corp. Class A | — | −502 | — | exited | 0.00 pp | — |
| unresolvedLandcadia Holdings IV Inc | — | −372,861 | — | exited | 0.00 pp | — |
| unresolvedDhc Acquisition Corp | — | −208,766 | — | exited | 0.00 pp | — |
| unresolvedRoss Acquisition Corp II | — | −92,449 | — | exited | 0.00 pp | — |
Other 13(f) securities
Options
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| Wayfair Inc | 75.11% | 104,978,000 | $97M |
| Zillow Group Inc | 13.72% | 14,421,000 | $18M |
| Upwork Inc | 5.99% | 8,900,000 | $8M |
| Wayfair Inc | 3.55% | 4,976,000 | $5M |
| Zillow Group Inc | 1.62% | 1,990,000 | $2M |