First Pacific Advisors
Portfolio value$8.1B
Positions75
QuarterQ2 2026ended 2026-06-30
Filed08/142026
Q2 2026 versus Q1 2026: 7 bought, 30 added to, 18 reduced, 18 sold. By dollars, the largest buy was Arthur J. Gallagher, $217.8M more at the quarter-end price; the largest sale Alphabet (Class A), $98.3M less. Net, $196.2M more bought than sold. What every tracked investor did in Q2 2026.
Every move, largest first
| Ticker | Issuer | Move | Shares Q1 2026 → Q2 2026 | Bought / sold | Of the portfolio | Weight now | Price vs model |
|---|---|---|---|---|---|---|---|
| AJG | Gallagher Arthur J & CO | added +245% | 387,687 → 1.3M | +$217.8M | +2.69% | 3.8% | 42% overvalued |
| DHR | Danaher Corp Del | bought | — → 564,781 | +$107.6M | +1.33% | 1.3% | 59% overvalued |
| GOOGL | Alphabet INC | reduced −16% | 1.7M → 1.4M | −$98.3M | −1.21% | 6.2% | 51% overvalued |
| INTU | Intuit | bought | — → 331,964 | +$86.6M | +1.07% | 1.1% | 24% undervalued |
| SAP | Sap Se | bought | — → 555,426 | +$85.6M | +1.06% | 1.1% | — |
| MAR | Marriott Intl INC New | reduced −92% | 232,754 → 18,445 | −$79.4M | −0.98% | 0.1% | 115% overvalued |
| ICLR | Icon Pub LTD CO | reduced −39% | 991,075 → 606,523 | −$66.8M | −0.83% | 1.3% | — |
| DELL | Dell Technologies INC | sold | 382,985 → 0 | −$62.9M | −0.78% | — | — |
| GEHC | Ge Healthcare Technologies I | bought | — → 827,379 | +$53.0M | +0.65% | 0.7% | 40% undervalued |
| ADI | Analog Devices INC | reduced −7% | 1.7M → 1.6M | −$49.5M | −0.61% | 7.8% | 99% overvalued |
| KMI | Kinder Morgan INC Del | sold | 1.3M → 0 | −$44.7M | −0.55% | — | — |
| PYPL | Paypal Hldgs INC | added +54% | 1.4M → 2.1M | +$32.2M | +0.40% | 1.1% | 50% undervalued |
| CNH | Cnh Indl N V | added +49% | 4.8M → 7.1M | +$26.3M | +0.32% | 1.0% | — |
| NXPI | Nxp Semiconductors N V | reduced −11% | 768,915 → 688,107 | −$22.7M | −0.28% | 2.4% | 40% overvalued |
| C | Citigroup INC | reduced −5% | 3.2M → 3.0M | −$22.2M | −0.27% | 5.2% | 8% overvalued |
| TEL | Te Connectivity PLC | reduced −6% | 1.7M → 1.6M | −$20.1M | −0.25% | 3.9% | 36% overvalued |
| BDX | Becton Dickinson & CO | added +7% | 2.0M → 2.1M | +$19.7M | +0.24% | 3.9% | 14% undervalued |
| BAX | Baxter Intl INC | added +14% | 6.7M → 7.6M | +$19.6M | +0.24% | 2.0% | 35% overvalued |
| WAB | Wabtec | reduced −27% | 260,732 → 189,045 | −$19.3M | −0.24% | 0.6% | 57% overvalued |
| MTN | Vail Resorts INC | added +11% | 1.2M → 1.3M | +$17.5M | +0.22% | 2.2% | — |
| AMZN | Amazon Com INC | reduced −4% | 1.4M → 1.4M | −$13.3M | −0.16% | 4.0% | 182% overvalued |
| TMO | Thermo Fisher Scientific INC | added +12% | 221,896 → 248,244 | +$13.2M | +0.16% | 1.5% | 78% overvalued |
| VBIL | Vanguard Instl Index Fd | added +189% | 90,159 → 260,280 | +$12.9M | +0.16% | 0.2% | — |
| MICC | Magnum Ice Cream CO NV | added +32% | 2.3M → 3.0M | +$12.5M | +0.15% | 0.6% | — |
| AON | Aon PLC | reduced −3% | 703,258 → 681,367 | −$7.3M | −0.09% | 2.8% | 19% undervalued |
| WFC | Wells Fargo & CO | reduced −10% | 872,730 → 784,923 | −$7.3M | −0.09% | 0.8% | 6% undervalued |
| FERG | Ferguson Enterprises INC | reduced −4% | 816,993 → 786,822 | −$7.2M | −0.09% | 2.3% | 37% overvalued |
| GLD | Spdr Gold Tr | sold | 13,995 → 0 | −$6.0M | −0.07% | — | — |
| JEF | Jefferies Financial Group In | added +5% | 2.6M → 2.7M | +$5.9M | +0.07% | 1.7% | — |
| FPAG | Investment Managers Ser Tr I | bought | — → 145,470 | +$5.8M | +0.07% | 0.1% | — |
| FPAS | Investment Managers Ser Tr I | bought | — → 146,775 | +$3.6M | +0.04% | 0.0% | — |
| IFF | International Flavors&fragra | added +1% | 5.4M → 5.5M | +$3.6M | +0.04% | 5.3% | 22% overvalued |
| NATL | Ncr Atleos Corporation | reduced −55% | 110,933 → 50,033 | −$2.6M | −0.03% | 0.0% | — |
| WLFC | Willis Lease Fin Corp | bought | — → 11,443 | +$2.6M | +0.03% | 0.0% | — |
| MRSH | Marsh & Mclennan Cos INC | added +12% | 108,697 → 121,213 | +$2.1M | +0.03% | 0.2% | 17% undervalued |
| CMCSA | Comcast Corp New | added +1% | 8.6M → 8.7M | +$2.1M | +0.03% | 2.6% | 83% undervalued |
| FBIN | Fortune Brands Innovations I | added +1% | 3.8M → 3.8M | +$1.8M | +0.02% | 2.6% | — |
| AMRZ | Amrize LTD | added +1% | 3.1M → 3.2M | +$1.6M | +0.02% | 2.1% | — |
| FNV | Franco Nev Corp | sold | 6,611 → 0 | −$1.6M | −0.02% | — | — |
| BIO | Bio Rad Labs INC | reduced −1% | 407,358 → 401,861 | −$1.6M | −0.02% | 1.5% | — |
| KMX | Carmax INC | added +1% | 3.0M → 3.0M | +$1.4M | +0.02% | 2.0% | — |
| NOV | Nov INC | added +1% | 6.3M → 6.4M | +$1.3M | +0.02% | 1.5% | — |
| CVX | Chevron Corporation | sold | 6,144 → 0 | −$1.3M | −0.02% | — | — |
| DEI | Douglas Emmett INC | added +1% | 8.6M → 8.7M | +$1.3M | +0.02% | 1.3% | — |
| ROST | Ross Stores INC | sold | 5,154 → 0 | −$1.1M | −0.01% | — | — |
| TSLA | Tesla INC | sold | 3,000 → 0 | −$1.1M | −0.01% | — | — |
| EMR | Emerson Elec CO | sold | 8,426 → 0 | −$1.1M | −0.01% | — | — |
| DG | Dollar Gen Corp | sold | 9,077 → 0 | −$1.1M | −0.01% | — | — |
| VT | Vanguard Intl Equity Index F | added +26% | 26,390 → 33,151 | +$1.1M | +0.01% | 0.1% | — |
| AVTR | Avantor INC | added +1% | 8.1M → 8.2M | +$1.0M | +0.01% | 1.0% | — |
| ORLY | Oreilly Automotive INC | sold | 8,355 → 0 | −$771,250 | −0.01% | — | — |
| NVST | Envista Holdings Corporation | sold | 30,397 → 0 | −$771,172 | −0.01% | — | — |
| DIS | Disney Walt CO | sold | 7,872 → 0 | −$758,703 | −0.01% | — | — |
| HSIC | Schein Henry INC | sold | 9,914 → 0 | −$730,662 | −0.01% | — | — |
| GWW | Ww Grainger INC | sold | 669 → 0 | −$729,752 | −0.01% | — | — |
| MCD | Mcdonalds Corp | sold | 2,142 → 0 | −$665,712 | −0.01% | — | — |
| CPAY | Corpay INC | sold | 2,147 → 0 | −$624,756 | −0.01% | — | — |
| PARR | Par Pac Holdings INC | reduced −27% | 32,651 → 23,720 | −$500,850.6 | −0.01% | 0.0% | — |
| UBER | Uber Technologies INC | added +1% | 969,817 → 976,544 | +$485,420.3 | +0.01% | 0.9% | 12% overvalued |
| SMG | Scotts Miracle-gro CO | sold | 7,357 → 0 | −$447,379 | −0.01% | — | — |
| META | Meta Platforms INC | reduced −0% | 680,613 → 679,884 | −$410,638.4 | −0.01% | 4.7% | 10% overvalued |
| TDW | Tidewater INC New | reduced −7% | 82,549 → 76,423 | −$408,175.3 | −0.01% | 0.1% | — |
| AVGO | Broadcom INC | added +1% | 62,465 → 63,167 | +$265,180.5 | +0.00% | 0.3% | 49% undervalued |
| WAT | Waters Corp | added +0% | 267,472 → 268,164 | +$259,527.7 | +0.00% | 1.2% | 73% overvalued |
| PCG | Pg&e Corp | added +1% | 1.2M → 1.2M | +$178,847.1 | +0.00% | 0.2% | 42% undervalued |
| LPLA | Lpl Finl Hldgs INC | added +0% | 320,624 → 321,244 | +$174,641.6 | +0.00% | 1.1% | — |
| HYBB | Ishares Tr | added +2525% | 142 → 3,727 | +$167,670.7 | +0.00% | 0.0% | — |
| VNO | Vornado Rlty Tr | added +0% | 1.7M → 1.7M | +$124,188 | +0.00% | 0.8% | — |
| VYX | Ncr Voyix Corporation | added +0% | 5.4M → 5.4M | +$64,788.1 | +0.00% | 0.5% | — |
| LBRDK | Liberty Broadband Corp | reduced −0% | 4.6M → 4.6M | −$28,503.8 | −0.00% | 1.9% | — |
| GOOG | Alphabet INC | added +0% | 1.3M → 1.3M | +$16,959.8 | +0.00% | 5.8% | 49% overvalued |
| SCCO | Southern Copper Corp | added +1% | 7,056 → 7,126 | +$12,198.2 | +0.00% | 0.0% | — |
| EBC | Eastern Bankshares INC | sold | 83 → 0 | −$1,623 | −0.00% | — | — |
Bought / sold is the change in shares × the quarter's reported price (value ÷ shares in the filing); a position sold out is priced at the quarter before, since it has no price in this one. “Of the portfolio” is that amount against this quarter's reported book.
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.