As of Q1 2026, First Pacific Advisors reported 83 long-equity positions worth $7B in aggregate.
It also disclosed $5.5M of put notional. Notional is the contracts’ face value, not the premium paid, so it is reported separately from the equity above — see the Options section below.
Copy-investor backtest
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. Method & limitations.
Get email alerts when First Pacific Advisors files a new 13F — sign in or create a free account.
These are the positions the manager reduced or sold out of this quarter, showing where they pulled money back. The quarter shown is Q1 2026.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| EBC | EASTERN BANKSHARES INC | Reduce -99.9% | 0.00% | 83 | $1.62K | $19.55 | $18.15 - $22.57(32%)$18.54 -> $19.56 |
| NATL | NCR ATLEOS CORPORATION | Reduce -94.6% | 0.07% | 110,933 | $4.83M | $43.58 | $35.94 - $48.50(61%)$37.23 -> $43.58 |
| SATS | ECHOSTAR CORP | Reduce -80.3% | 0.08% | 47,066 | $5.51M | $117.07 | $104.13 - $132.25(46%)$112.18 -> $117.07 |
| KMI | KINDER MORGAN INC DEL | Reduce -67.3% | 0.64% | 1,332,715 | $44.69M | $33.53 | $26.59 - $34.73(85%)$27.71 -> $33.53 |
| HYBB | ISHARES TR | Reduce -50.4% | 0.00% | 142 | $6.6K | $46.49 | $45.92 - $47.47(37%)$47.11 -> $46.49 |
| WAB | WABTEC | Reduce -41.4% | 0.93% | 260,732 | $65.16M | $249.91 | $213.50 - $266.27(69%)$216.28 -> $249.91 |
| MAR | MARRIOTT INTL INC NEW | Reduce -40.3% | 1.09% | 232,754 | $76.13M | $327.07 | $308.31 - $370.00(30%)$313.41 -> $327.07 |
| AVGO | BROADCOM INC | Reduce -27.5% | 0.28% | 62,465 | $19.33M | $309.51 | $289.96 - $360.66(28%)$347.62 -> $309.51 |
| PARR | PAR PAC HOLDINGS INC | Reduce -25.3% | 0.03% | 32,651 | $2.05M | $62.64 | $34.37 - $66.75(87%)$35.82 -> $62.64 |
| NOV | NOV INC | Reduce -21.9% | 1.70% | 6,320,758 | $118.89M | $18.81 | $15.60 - $20.86(61%)$16.41 -> $18.81 |
| WFC | WELLS FARGO & CO | Reduce -21.4% | 0.99% | 872,730 | $69.48M | $79.61 | $74.03 - $97.76(24%)$95.20 -> $79.61 |
| BDX | BECTON DICKINSON & CO | Reduce -20.2%1.272:1 split | 4.45% | 1,980,440 | $311.38M | $157.23 | $151.32 - $187.35(16%)$153.25 -> $157.23 |
| LPLA | LPL FINL HLDGS INC | Reduce -17.2% | 1.38% | 320,624 | $96.45M | $300.83 | $282.27 - $400.16(16%)$361.63 -> $300.83 |
| TDW | TIDEWATER INC NEW | Reduce -13.1% | 0.10% | 82,549 | $6.9M | $83.55 | $49.92 - $88.99(86%)$52.23 -> $83.55 |
| RUSHA | RUSH ENTERPRISES INC | Reduce -12.8% | 0.12% | 129,094 | $8.53M | $66.11 | $53.44 - $75.99(56%)$54.09 -> $66.11 |
| GOOGL | ALPHABET INC | Reduce -11.9% | 6.92% | 1,683,493 | $484.11M | $287.56 | $272.11 - $349.00(20%)$315.15 -> $287.56 |
| C | CITIGROUP INC | Reduce -9.5% | 5.15% | 3,175,212 | $360.1M | $113.41 | $102.01 - $125.16(49%)$118.70 -> $113.41 |
| ADI | ANALOG DEVICES INC | Reduce -8.1% | 7.83% | 1,723,135 | $548.2M | $318.14 | $270.46 - $363.20(51%)$273.74 -> $318.14 |
| FERG | FERGUSON ENTERPRISES INC | Reduce -7.9% | 2.72% | 816,993 | $190.57M | $233.26 | $214.51 - $271.64(33%)$225.02 -> $233.26 |
| AMRZ | AMRIZE LTD | Reduce -7.7% | 2.52% | 3,146,383 | $176.26M | $56.02 | $52.28 - $65.94(27%)$55.43 -> $56.02 |
| TEL | TE CONNECTIVITY PLC | Reduce -7.3% | 4.93% | 1,650,857 | $345.06M | $209.02 | $191.12 - $245.00(33%)$233.22 -> $209.02 |
| - | ECHOSTAR CORPCUSIP 278768AB2 | Reduce -7.0% | — | 36,570,974 | $130.64M | — | - |
| RSVR | RESERVOIR MEDIA INC | Reduce -6.2% | 0.04% | 308,747 | $3.02M | $9.79 | $7.15 - $10.32(83%)$7.48 -> $9.79 |
| CMCSA | COMCAST CORP NEW | Reduce -4.1%1.067:1 split | 3.52% | 8,592,563 | $246.69M | $28.71 | $27.10 - $32.86(28%)$27.69 -> $28.71 |
| META | META PLATFORMS INC | Reduce -3.1% | 5.56% | 680,613 | $389.4M | $572.13 | $520.26 - $744.00(23%)$650.41 -> $572.13 |
| GOOG | ALPHABET INC | Reduce -1.2% | 5.46% | 1,333,157 | $382.43M | $286.86 | $271.54 - $350.15(19%)$315.32 -> $286.86 |
| CHTR | CHARTER COMMUNICATIONS INC N | Sold | — | 0 | $0 | — | - |
| DAR | DARLING INGREDIENTS INC | Sold | — | 0 | $0 | — | - |
| GPOR | GULFPORT ENERGY CORP | Sold | — | 0 | $0 | — | - |
| SGOV | ISHARES TR | Sold | — | 0 | $0 | — | - |
| LAUR | LAUREATE EDUCATION INC | Sold | — | 0 | $0 | — | - |
