First Pacific Advisors
Portfolio value$8.1B
Positions75
QuarterQ2 2026ended 2026-06-30
Filed08/142026
First Pacific Advisors, LP's Q2 2026 13F, filed Aug 14, 2026, reports 75 positions worth $8.1B. The ten largest are 50.8% of the book, led by Analog Devices at 7.8%, Alphabet (Class A) at 6.2% and Alphabet (Class C) at 5.8%. Against Q1 2026: 7 bought, 30 added to, 18 reduced, 18 sold; the largest moves were added Arthur J. Gallagher (+245%) and bought Danaher.
Where the money is
ADIGOOGLGOOGIFFCMETAAMZN65 other
Holdings
| Ticker | Issuer | Weight | Value | Q-end → now | Price vs model | Change |
|---|---|---|---|---|---|---|
| ADI | Analog Devices INC | 7.8% | $634.9M1.6M sh | 397.17 → −0% | 99% overvalued | reduced −7% |
| GOOGL | Alphabet INC | 6.2% | $503.4M1.4M sh | 357.37 → −5% | 51% overvalued | reduced −16% |
| GOOG | Alphabet INC | 5.8% | $471.1M1.3M sh | 353.33 → −5% | 49% overvalued | added +0% |
| IFF | International Flavors&fragra | 5.3% | $432.2M5.5M sh | 79.22 → +14% | 22% overvalued | added +1% |
| C | Citigroup INC | 5.2% | $422.2M3.0M sh | 139.96 → −11% | 8% overvalued | reduced −5% |
| META | Meta Platforms INC | 4.7% | $383.0M679,884 sh | 563.29 → +26% | 10% overvalued | reduced −0% |
| AMZN | Amazon Com INC | 4.0% | $324.3M1.4M sh | 238.34 → +5% | 182% overvalued | reduced −4% |
| BDX | Becton Dickinson & CO | 3.9% | $319.4M2.1M sh | 151.33 → +27% | 14% undervalued | added +7% |
| TEL | Te Connectivity PLC | 3.9% | $312.7M1.6M sh | 201.61 → +5% | 36% overvalued | reduced −6% |
| AJG | Gallagher Arthur J & CO | 3.8% | $306.8M1.3M sh | 229.57 → +11% | 42% overvalued | added +245% |
| AON | Aon PLC | 2.8% | $226.0M681,367 sh | 331.69 → −12% | 19% undervalued | reduced −3% |
| CMCSA | Comcast Corp New | 2.6% | $213.0M8.7M sh | 24.55 → −11% | 83% undervalued | added +1% |
| FBIN | Fortune Brands Innovations I | 2.6% | $210.0M3.8M sh | 54.90 | — | added +1% |
| NXPI | Nxp Semiconductors N V | 2.4% | $193.4M688,107 sh | 281.03 → −18% | 40% overvalued | reduced −11% |
| FERG | Ferguson Enterprises INC | 2.3% | $186.7M786,822 sh | 237.33 → −2% | 37% overvalued | reduced −4% |
| MTN | Vail Resorts INC | 2.2% | $177.7M1.3M sh | 136.15 | — | added +11% |
| AMRZ | Amrize LTD | 2.1% | $169.4M3.2M sh | 53.30 | — | added +1% |
| BAX | Baxter Intl INC | 2.0% | $162.4M7.6M sh | 21.32 → +19% | 35% overvalued | added +14% |
| KMX | Carmax INC | 2.0% | $159.1M3.0M sh | 52.89 | — | added +1% |
| LBRDK | Liberty Broadband Corp | 1.9% | $154.4M4.6M sh | 33.26 | — | reduced −0% |
| JEF | Jefferies Financial Group In | 1.7% | $135.2M2.7M sh | 49.98 | — | added +5% |
| TMO | Thermo Fisher Scientific INC | 1.5% | $124.5M248,244 sh | 501.36 → +38% | 78% overvalued | added +12% |
| NOV | Nov INC | 1.5% | $118.6M6.4M sh | 18.55 | — | added +1% |
| BIO | Bio Rad Labs INC | 1.5% | $118.0M401,861 sh | 293.61 | — | reduced −1% |
| SATS 3.875 11/30/30 | Echostar Corp | 1.4% | $114.2M36.6M sh | 3.12 | — | held |
| DHR | Danaher Corp Del | 1.3% | $107.6M564,781 sh | 190.48 → +20% | 59% overvalued | bought |
| ICLR | Icon Pub LTD CO | 1.3% | $105.4M606,523 sh | 173.71 | — | reduced −39% |
| DEI | Douglas Emmett INC | 1.3% | $103.2M8.7M sh | 11.80 | — | added +1% |
| WAT | Waters Corp | 1.2% | $100.6M268,164 sh | 375.04 → +17% | 73% overvalued | added +0% |
| PYPL | Paypal Hldgs INC | 1.1% | $92.3M2.1M sh | 43.18 → +31% | 50% undervalued | added +54% |
| LPLA | Lpl Finl Hldgs INC | 1.1% | $90.5M321,244 sh | 281.68 | — | added +0% |
| INTU | Intuit | 1.1% | $86.6M331,964 sh | 261.00 → +25% | 24% undervalued | bought |
| SAP | Sap Se | 1.1% | $85.6M555,426 sh | 154.11 | — | bought |
| AVTR | Avantor INC | 1.0% | $81.1M8.2M sh | 9.90 | — | added +1% |
| CNH | Cnh Indl N V | 1.0% | $80.3M7.1M sh | 11.23 | — | added +49% |
| UBER | Uber Technologies INC | 0.9% | $70.5M976,544 sh | 72.16 → −3% | 12% overvalued | added +1% |
| VNO | Vornado Rlty Tr | 0.8% | $66.2M1.7M sh | 39.30 | — | added +0% |
| WFC | Wells Fargo & CO | 0.8% | $64.9M784,923 sh | 82.64 → +1% | 6% undervalued | reduced −10% |
| GEHC | Ge Healthcare Technologies I | 0.7% | $53.0M827,379 sh | 64.01 → +9% | 40% undervalued | bought |
| MICC | Magnum Ice Cream CO NV | 0.6% | $51.7M3.0M sh | 17.41 | — | added +32% |
| WAB | Wabtec | 0.6% | $51.0M189,045 sh | 269.60 → +6% | 57% overvalued | reduced −27% |
| VYX | Ncr Voyix Corporation | 0.5% | $44.2M5.4M sh | 8.17 | — | added +0% |
| AVGO | Broadcom INC | 0.3% | $23.9M63,167 sh | 377.75 → −13% | 49% undervalued | added +1% |
| MRSH | Marsh & Mclennan Cos INC | 0.2% | $20.2M121,213 sh | 166.67 → +13% | 17% undervalued | added +12% |
| PCG | Pg&e Corp | 0.2% | $19.7M1.2M sh | 16.82 → −22% | 42% undervalued | added +1% |
| VBIL | Vanguard Instl Index Fd | 0.2% | $19.7M260,280 sh | 75.68 | — | added +189% |
| RUSHA | Rush Enterprises INC | 0.1% | $9.4M129,094 sh | 72.99 | — | held |
| STGW | Stagwell INC | 0.1% | $8.9M1.2M sh | 7.43 | — | held |
| MAR | Marriott Intl INC New | 0.1% | $6.8M18,445 sh | 370.59 → +5% | 115% overvalued | reduced −92% |
| FPAG | Investment Managers Ser Tr I | 0.1% | $5.8M145,470 sh | 40.14 | — | bought |
| EQPT | Equipmentshare Com INC | 0.1% | $5.6M285,714 sh | 19.66 | — | held |
| MRVI | Maravai Lifesciences Hldgs I | 0.1% | $5.5M884,883 sh | 6.24 | — | held |
| VT | Vanguard Intl Equity Index F | 0.1% | $5.2M33,151 sh | 156.95 | — | added +26% |
| TDW | Tidewater INC New | 0.1% | $5.1M76,423 sh | 66.63 | — | reduced −7% |
| W 1 08/15/26 | Wayfair INC | 0.1% | $4.9M4.9M sh | 0.98 | — | held |
| SATS | Echostar Corp | 0.1% | $4.8M47,066 sh | 101.50 | — | held |
| SATS | Echostar Corp (Put) | 0.1% | $4.8M47,000 sh | 101.50 | — | held |
| ALGT | Allegiant Travel CO | 0.0% | $4.0M34,186 sh | 117.60 | — | held |
| FPAS | Investment Managers Ser Tr I | 0.0% | $3.6M146,775 sh | 24.70 | — | bought |
| PDLB | Ponce Financial Group INC | 0.0% | $3.6M181,562 sh | 19.94 | — | held |
| RSVR | Reservoir Media INC | 0.0% | $3.1M308,747 sh | 9.89 | — | held |
| PBFS | Pioneer Bancorp INC Md | 0.0% | $2.9M166,974 sh | 17.07 | — | held |
| OEC | Orion S.a. | 0.0% | $2.8M417,388 sh | 6.63 | — | held |
| WLFC | Willis Lease Fin Corp | 0.0% | $2.6M11,443 sh | 228.80 | — | bought |
| NATL | Ncr Atleos Corporation | 0.0% | $2.2M50,033 sh | 43.41 | — | reduced −55% |
| PARR | Par Pac Holdings INC | 0.0% | $1.3M23,720 sh | 56.08 | — | reduced −27% |
| ASLE | Aersale Corporation | 0.0% | $1.3M208,726 sh | 6.32 | — | held |
| SCCO | Southern Copper Corp | 0.0% | $1.2M7,126 sh | 174.26 | — | added +1% |
| NFLX | Netflix Inc. | 0.0% | $1.2M16,400 sh | 71.40 → −1% | 39% overvalued | held |
| CSL | Carlisle Cos INC | 0.0% | $954,7582,632 sh | 362.75 | — | held |
| UPWK | Upwork INC | 0.0% | $477,19757,081 sh | 8.36 | — | held |
| BIDU | Baidu INC | 0.0% | $390,9863,421 sh | 114.29 | — | held |
| UNIT | Uniti Group LLC | 0.0% | $289,44525,235 sh | 11.47 | — | held |
| HYBB | Ishares Tr | 0.0% | $174,3123,727 sh | 46.77 | — | added +2525% |
| DEO | Diageo PLC | 0.0% | $801 sh | 80.00 | — | held |
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.