First Pacific Advisors, LLC

Long Only Manager • Value

First Pacific Advisors, LLC is a Value-focused institution based in El Segundo, CA led by Steven Todd Romick, reporting $26.7B in AUM as of Q3 2025 with 56% concentrated in top 10 holdings.

CEOSteven Todd Romick

Portfolio Value: $7.1B
Positions: 59
Top Holding: GOOGL at 8.26%
Last Reported: Q3 2025

Address2101 East El Segundo Blvd., Suite 301, El Segundo, CA, 90245, United States

Top Holdings

Largest long holdings in First Pacific Advisors, LLC's portfolio (56.3% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$588.9M	8.26%	-$13.6M Sold	0.02% 2.4M shares	≤ Q2 2013 Held for 12y 5m+
2 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$522.1M	7.33%	-$48.5M Sold	0.03% 711.0K shares	Q4 2017 Held for 7y 11m
3 Analog Devices ADI	Semiconductors Technology	$490.2M	6.88%	-$22.1M Sold	0.41% 2.0M shares	≤ Q2 2013 Held for 12y 5m+
4 TE Connectivity TEL	Hardware, Equipment & Parts Technology	$465.2M	6.53%	-$118.0M Sold	0.72% 2.1M shares	≤ Q2 2013 Held for 12y 5m+
5 Citigroup C	Banks - Diversified Financial Services	$383.6M	5.38%	-$149.6M Sold	0.21% 3.8M shares	≤ Q2 2013 Held for 12y 5m+
6 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$361.3M	5.07%	-$23.2M Sold	0.01% 1.5M shares	Q2 2014 Held for 11y 5m
7 Comcast CMCSA	Telecommunications Services Communication Services	$353.1M	4.95%	+$4.6M Bought	0.30% 11.2M shares	Q4 2017 Held for 7y 11m
8 Amazon AMZN	Specialty Retail Consumer Cyclical	$315.4M	4.42%	-$5.4M Sold	0.01% 1.4M shares	Q1 2018 Held for 7y 8m
9 International Flavors & Fragrances IFF	Chemicals - Specialty Basic Materials	$301.8M	4.23%	+$48.8M Bought	1.91% 4.9M shares	Q4 2020 Held for 4y 11m
10 Aon plc AON	Insurance - Brokers Financial Services	$233.4M	3.27%	+$865.1K Bought	0.30% 654.4K shares	≤ Q2 2013 Held for 12y 5m+

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in First Pacific Advisors, LLC's latest filing

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Market Value

$7.1B

Prior: $6.9B

Q/Q Change

+3.53%

+$243.1M

Net Flows % of MV

-3.22%

Turnover Ratio

7.48%

New Purchases

2 stocks

$175.4M

Added To

22 stocks

+$242.7M

Sold Out Of

3 stocks

$6.8M

Reduced Holdings

19 stocks

-$640.9M

Increased Positions

Position	Shares Δ	Change
1 Becton, Dickinson and Company BDX	New	0 → 936.3K +$175.2M
2 Uniti Group Inc. UNIT	New	0 → 25.2K +$154.4K
3 Avantor AVTR	+5,327.97%	75.0K → 4.1M +$49.9M
4 Thermo Fisher Scientific TMO	+146.02%	87.4K → 214.9K +$61.9M
5 Fortune Brands Innovations FBIN	+43.42%	2.0M → 2.9M +$46.3M

Decreased Positions

Position	Shares Δ	Change
1 VIPS Vipshop VIPS	Sold	179.6K → 0 −$2.7M
2 Enstar Group ESGR	Sold	6.9K → 0 −$2.3M
3 John Wiley & Sons, Inc. WLY	Sold	39.1K → 0 −$1.7M
4 EchoStar SATS	-66.51%	1.4M → 480.8K −$72.9M
5 Laureate Education, Inc. LAUR	-45.76%	398.2K → 216.0K −$5.7M

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Analytics

Portfolio insights and performance metrics for First Pacific Advisors, LLC

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Sector Allocation

Communication Services

28.30%

Technology

20.80%

Financial Services

14.70%

Consumer Cyclical

9.90%

Healthcare

7.90%

Industrials

7.30%

Basic Materials

5.00%

Energy

3.60%

Real Estate

2.10%

Utilities

0.20%

Consumer Defensive

0.10%

ETF

0.10%

Market Cap Distribution

Mega Cap (> $200B)

28.44%

Large Cap ($10B - $200B)

56.77%

Mid Cap ($2B - $10B)

13.61%

Small Cap ($300M - $2B)

1.05%

Nano Cap (< $50M)

0.04%

N/A (ETF or Unknown)

0.09%

Portfolio Concentration

Top 10 Holdings %

56.33%

Top 20 Holdings %

79.36%

Top 50 Holdings %

99.79%

Top 100 Holdings %

100.0%