FPA
Picture
Moves
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
Positions
| METAMeta Platforms, Inc. Class A | 7.38% | 911,003 | $521M | trimmed−5% | +0.72 pp | 28 q |
| ADIAnalog Devices, Inc. | 6.85% | 2,103,118 | $484M | trimmed−2% | +0.09 pp | 39 q |
| GOOGLAlphabet Inc. Class A | 6.62% | 2,818,369 | $467M | trimmed−11% | −1.30 pp | 36 q |
| CMCSAComcast Corp | 6.39% | 10,805,634 | $451M | trimmed−0% | +0.56 pp | 28 q |
| CCitigroup Inc. | 6.06% | 6,842,216 | $428M | trimmed−0% | +0.08 pp | 39 q |
| IFFInternational Flavors & Fragrances Inc. | 5.95% | 4,006,782 | $420M | trimmed−0% | +0.69 pp | 16 q |
| TELTE Connectivity plc | 5.85% | 2,738,006 | $413M | new | +5.85 pp | new |
| AMZNAmazon.Com Inc | 4.32% | 1,636,649 | $305M | trimmed−1% | −0.09 pp | 27 q |
| GOOGAlphabet Inc. Class C | 4.30% | 1,815,951 | $304M | trimmed−14% | −1.02 pp | 39 q |
| WFCWells Fargo & Co. | 4.22% | 5,272,546 | $298M | trimmed−0% | −0.10 pp | 26 q |
| AONAon plc Class A | 3.60% | 733,988 | $254M | trimmed−0% | +0.62 pp | 18 q |
| JEFJefferies Financial Group Inc. | 3.41% | 3,914,280 | $241M | trimmed−28% | −0.30 pp | 26 q |
| FERGFerguson Enterprises Inc. | 3.09% | 1,098,557 | $218M | new | +3.09 pp | new |
| CHTRCharter Comm Inc Del CL A New | 2.80% | 610,632 | $198M | trimmed−0% | +0.28 pp | 26 q |
| NXPINXP Semiconductors N.V. | 2.65% | 778,506 | $187M | trimmed−2% | −0.30 pp | 19 q |
| KMXCarMax Inc. | 2.61% | 2,383,575 | $184M | trimmed−0% | +0.20 pp | 10 q |
| KMIKinder Morgan, Inc. | 2.56% | 8,189,754 | $181M | trimmed−0% | +0.32 pp | 27 q |
| MARMarriott International Class A | 2.16% | 612,502 | $152M | trimmed−0% | +0.12 pp | 26 q |
| AVGOBroadcom Inc. | 1.57% | 642,120 | $111M | trimmed−24% | −0.31 pp | 26 q |
| UBERUber Technologies, Inc. | 1.53% | 1,433,144 | $108M | trimmed−0% | +0.09 pp | 12 q |
| WABWabtec Inc. | 1.52% | 592,009 | $108M | trimmed−7% | +0.13 pp | 19 q |
| LPLALPL Financial Holdings Inc. | 1.51% | 458,362 | $107M | trimmed−0% | −0.25 pp | 38 q |
| HWMHowmet Aerospace Inc. | 1.45% | 1,019,458 | $102M | trimmed−15% | +0.16 pp | 32 q |
| ICLRIcon Plc | 1.44% | 353,656 | $102M | trimmed−1% | −0.10 pp | 9 q |
| DEIDouglas Emmett, Inc. | 1.37% | 5,497,413 | $97M | trimmed−1% | +0.36 pp | 7 q |
| MTNVail Resorts, Inc. | 1.15% | 464,801 | $81M | added+34% | +0.29 pp | 2 q |
| VNOVornado Realty Trust | 1.07% | 1,926,795 | $76M | trimmed−0% | +0.37 pp | 9 q |
| NATLNCR Atleos Corporation | 0.93% | 2,290,155 | $65M | trimmed−5% | +0.04 pp | 4 q |
| GPORGulfport Energy Corporation | 0.82% | 382,614 | $58M | trimmed−20% | −0.18 pp | 14 q |
| BIOBio-Rad Laboratories, Inc.Class A | 0.75% | 157,877 | $53M | trimmed−2% | +0.15 pp | 4 q |
| DELLDell Technologies Inc. | 0.73% | 432,226 | $51M | held | — | 21 q |
| VYXNCR Voyix Corporation | 0.67% | 3,464,814 | $47M | added0% | +0.08 pp | 7 q |
| NFLXNetFlix Inc | 0.48% | 48,077 | $34M | trimmed−48% | −0.38 pp | 19 q |
| ECHOEchoStar Corporation | 0.37% | 1,051,512 | $26M | new | +0.37 pp | new |
| PCGPG&E Corporation | 0.32% | 1,146,333 | $23M | trimmed−0% | +0.04 pp | 27 q |
| FBINFortune Brands Innovations, Inc. | 0.31% | 245,641 | $22M | new | +0.31 pp | new |
| LAURLaureate Education, Inc. | 0.19% | 819,095 | $14M | added+3% | +0.03 pp | 7 q |
| HLFHerbalife Ltd. | 0.19% | 1,827,115 | $13M | trimmed−0% | −0.07 pp | 11 q |
| RUSHARush Enterprises Inc | 0.14% | 183,942 | $10M | held | — | 37 q |
| STGWStagwell Inc. Class A | 0.11% | 1,072,711 | $8M | added+8% | +0.02 pp | 11 q |
| TDWTidewater, Inc. | 0.10% | 94,961 | $7M | trimmed−5% | −0.03 pp | 24 q |
| OECOrion S.A. | 0.08% | 318,477 | $6M | held | — | 28 q |
| SGOViShares 0-3 Month Treasury Bond ETF | 0.06% | 41,241 | $4M | new | +0.06 pp | new |
| NXQuanex Building Products Corporation | 0.06% | 142,500 | $4M | new | +0.06 pp | new |
| CIGIColliers International Group Inc. Subordinate Voting Shares | 0.04% | 16,800 | $3M | trimmed−61% | −0.03 pp | 6 q |
| PPLIPeople Incorporated | 0.04% | 48,346 | $3M | held | — | 11 q |
| ALGTAllegiant Travel Company | 0.03% | 34,186 | $2M | held | — | 30 q |
| EBCEastern Bankshares, Inc. | 0.03% | 121,689 | $2M | held | — | 6 q |
| PBFSPioneer Bancorp, Inc. | 0.03% | 166,974 | $2M | held | — | 3 q |
| PDLBPonce Financial Group, Inc. | 0.03% | 181,562 | $2M | held | — | 9 q |
| ESGREnstar Group Ltd | 0.03% | 6,901 | $2M | added+24% | +0.01 pp | 5 q |
| PARRPar Pacific Holdings, Inc. | 0.02% | 71,812 | $1M | held | — | 39 q |
| UPWKUpwork Inc. | 0.02% | 104,881 | $1M | held | — | 18 q |
| VTVanguard Total World Stock ETF | 0.02% | 13,282 | $2M | trimmed−53% | −0.02 pp | 12 q |
| SHCSotera Health Company | 0.01% | 45,480 | $759,516 | held | — | 2 q |
| MTALMetals Acquisition Corp. II | 0.01% | 66,447 | $920,291 | held | — | 2 q |
| RSVRReservoir Media, Inc. | 0.00% | 13,196 | $107,020 | new | 0.00 pp | new |
| 0VQJLTe Connectivity Ltd | — | −2,780,083 | — | exited | −5.76 pp | — |
| FERGFerguson Enterprises Inc. | — | −1,104,289 | — | exited | −2.94 pp | — |
| FEFirstEnergy Corp. | — | −3,557,667 | — | exited | −1.87 pp | — |
| unresolvedSable Offshore Corp | — | −620,874 | — | exited | −0.04 pp | — |
| unresolvedAtlantic Coastal Aqstn Corp | — | −194,779 | — | exited | 0.00 pp | — |
| BBAI/WSBigBear.ai Holdings, Inc. Redeemable warrants, each full warrant exercisable for one share of at an exercise price of $11.50 per share | — | −321,156 | — | exited | 0.00 pp | — |
| BNAIWBrand Engagement Network Inc. | — | −208,766 | — | exited | 0.00 pp | — |
| unresolvedBurtech Acquisition Corp | — | −1,238,082 | — | exited | 0.00 pp | — |
| unresolvedChurchill Capital Corp Vii | — | −148,361 | — | exited | 0.00 pp | — |
| unresolvedGolden Arrow Merger Corp | — | −413,915 | — | exited | 0.00 pp | — |
| NIOBWNioCorp Developments Ltd. | — | −259,205 | — | exited | 0.00 pp | — |
| ECXWWECARX Holdings Inc. | — | −200,881 | — | exited | 0.00 pp | — |
| unresolvedGlobal Partner Acqistn Corp | — | −77,733 | — | exited | 0.00 pp | — |
| unresolvedMariadb PLC | — | −379,386 | — | exited | 0.00 pp | — |
| unresolvedPlum Acquisition Corp III | — | −16,200 | — | exited | 0.00 pp | — |
| VEEAWVeea Inc. | — | −232,673 | — | exited | 0.00 pp | — |
| ASBPWAspire-Lakewood Holdings, Inc. | — | −28,482 | — | exited | 0.00 pp | — |
| PRENWPrenetics Global Limited | — | −12,860 | — | exited | 0.00 pp | — |
| unresolvedSlam Corp | — | −214,237 | — | exited | 0.00 pp | — |
| SWVLWSwvl Holdings Corp | — | −32,998 | — | exited | 0.00 pp | — |
Other 13(f) securities
Options
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| Wayfair Inc | 73.40% | 104,978,000 | $100M |
| Zillow Group Inc | 15.59% | 14,421,000 | $21M |
| Upwork Inc | 5.97% | 8,900,000 | $8M |
| Wayfair Inc | 3.41% | 4,976,000 | $5M |
| Zillow Group Inc | 1.63% | 1,990,000 | $2M |