Focused investors/First Pacific Advisors

First Pacific Advisors

As of Q2 2026, First Pacific Advisors reported 72 long-equity positions worth $7.97B in aggregate.

It also disclosed $4.77M 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.

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Latest quarter: +7.10%
1-year: +26.75%
3-year: +79.54%
5-year: +71.48%
3-year vs S&P 500: +5.33%
5-year vs S&P 500: +4.42%
5-year top 5: +63.37%

Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.

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Filing period

Updated 2026-09-19 from SEC 13F data.

Live quotes available for 69 of 141 rows. Rows without a quote are marked unavailable.


1	MSFT	MICROSOFT CORP	5.94%	Add +1.3%	16,861,200	$631.11M	$37.43	No quote
2	ORCL	ORACLE CORPORATION	5.26%	Add +27.2%	14,602,300	$558.68M	$38.26	No quote
3	CVS	CVS CAREMARK CORP	5.02%	Add +1.1%	7,451,000	$533.27M	$71.57	No quote
4	AON	AON PLC	5.01%	Reduce -7.4%	6,342,200	$532.05M	$83.89	No quote
5	TMO	THERMO FISHER SCIENTIFIC INC	4.10%	Add +0.1%	3,911,900	$435.59M	$111.35	No quote
6	OXY	OCCIDENTAL PETROLEUM CORP	3.68%	Add +0.1%	4,103,600	$390.25M	$95.10	No quote
7	COV	COVIDIEN PLC	3.43%	Reduce -0.7%	5,346,800	$364.12M	No quote	No quote
8	AIG	AMERICAN INTL GROUP INC	2.95%	Add +6.0%	6,132,500	$313.06M	$51.05	No quote
9	GOOGL	GOOGLE INC.	2.86%	Add +0.2%	271,102	$303.83M	$1120.71	No quote
10	04270V	ARRIS GROUP INC	2.43%	Add +1.1%	10,600,300	$258.28M	No quote	No quote
11	CSCO	CISCO SYSTEMS INC	2.40%	Add +4.6%	11,360,400	$255.04M	$22.45	No quote
12	AA	ALCOA INC	2.18%	Add +58.9%	21,788,900	$231.62M	$10.63	No quote
13	OI	OWENS ILLINOIS INC	2.08%	Add +0.2%	6,161,107	$220.44M	No quote	No quote
14	BUD	ANHEUSER-BUSCH INBEV SPN ADR	2.05%	Reduce -2.1%	2,049,300	$218.17M	$106.46	No quote
15	WLP	WELLPOINT INC	1.98%	Add +0.2%	2,280,600	$210.71M	No quote	No quote
16	CNQ	CANADIAN NATURAL RESOURCES	1.82%	Add +0.1%	5,718,600	$193.52M	$33.84	No quote
17	IPG	INTERPUBLIC GROUP COS INC	1.82%	Add +0.3%	10,900,900	$192.95M	No quote	No quote
18	ADI	ANALOG DEVICES INC	1.78%	Add +0.2%	3,717,800	$189.35M	$50.93	No quote
19	CHKP	CHECK POINT SOFTWARE TECH.	1.72%	Add +0.1%	2,837,200	$183.06M	$64.52	No quote
20	CFN	CAREFUSION CORP	1.71%	Add +0.3%	4,551,800	$181.25M	No quote	No quote
21	VOD	VODAFONE GROUP PLC-SP ADR	1.69%	Add +0.3%	4,568,500	$179.59M	No quote	No quote
22	QCOM	QUALCOMM INC	1.55%	Add +0.2%	2,219,900	$164.83M	$74.25	No quote
23	AVT	AVNET INC	1.53%	Reduce -4.4%	3,678,842	$162.27M	$44.11	No quote
24	ARW	ARROW ELECTRONICS INC.	1.49%	Reduce -4.7%	2,924,500	$158.65M	$54.25	No quote
25	INTC	INTEL CORPORATION	1.48%	Add +0.2%	6,059,200	$157.3M	$25.96	No quote
26	RDC	ROWAN COMPANIES PLC	1.40%	Reduce -23.9%	4,199,500	$148.49M	No quote	No quote
27	JNJ	JOHNSON & JOHNSON	1.30%	Add +0.2%	1,501,800	$137.55M	$91.59	No quote
28	BK	BANK OF NEW YORK MELLON	1.29%	Add +0.3%	3,927,900	$137.24M	$34.94	No quote
29	WAG	WALGREEN CO	1.24%	Add +0.3%	2,295,200	$131.84M	No quote	No quote
30	CIT	CIT GROUP INC.	1.16%	Add +0.2%	2,356,500	$122.84M	No quote	No quote
31	WDC	WESTERN DIGITAL CORP.	1.08%	Reduce -21.0%	1,372,500	$115.15M	$83.90	No quote
32	APOL	APOLLO EDUCATION GRP CL A	0.98%	Reduce -5.7%	3,795,900	$103.7M	No quote	No quote
33	Y	ALLEGHANY CORPORATION	0.97%	Add +0.3%	258,425	$103.36M	No quote	No quote
34	WMT	WAL-MART STORES INC	0.95%	Add +0.2%	1,286,700	$101.25M	$78.69	No quote
35	C	CITIGROUP INC	0.93%	Reduce -0.1%	1,894,513	$98.72M	$52.11	No quote
36	SIG	SIGNET JEWELERS LIMITED	0.84%	Reduce -8.0%	1,128,800	$88.84M	No quote	No quote
37	ESV	ENSCO PLC CL A	0.81%	Reduce -15.8%	1,502,500	$85.91M	No quote	No quote
38	DV	DEVRY EDUCATION GROUP INC.	0.78%	Reduce -4.8%	2,338,708	$83.02M	$35.50	No quote
39	ATW	ATWOOD OCEANICS INC.	0.77%	Add +185.5%	1,532,606	$81.83M	No quote	No quote
40	JOY	JOY GLOBAL INC	0.77%	New	1,393,200	$81.49M	No quote	No quote
41	ORLY	O'REILLY AUTOMOTIVE, INC.	0.75%	Reduce -22.9%	618,200	$79.57M	$128.71	No quote
42	TEL	TE CONNECTIVITY LTD	0.71%	Add +72.7%	1,372,500	$75.64M	$55.11	No quote
43	OSK	OSHKOSH CORP	0.68%	Reduce -8.0%	1,430,200	$72.05M	$50.38	No quote
44	ROSE	ROSETTA RESOURCES INC.	0.66%	Reduce -33.7%	1,452,902	$69.8M	No quote	No quote
45	IDCC	INTERDIGITAL INC	0.63%	Add +17.7%	2,267,100	$66.86M	$29.49	No quote
46	BAC	BANK OF AMERICA CORP	0.59%	-	4,020,200	$62.6M	$15.57	No quote
47	WBC	WABCO HOLDINGS INC	0.58%	Reduce -22.9%	654,100	$61.1M	No quote	No quote
48	KMX	CARMAX INC	0.54%	Reduce -1.0%	1,224,000	$57.55M	$47.02	No quote
49	FL	FOOT LOCKER INC	0.50%	Reduce -9.6%	1,277,800	$52.95M	No quote	No quote
50	SM	SM ENERGY COMPANY	0.48%	Reduce -22.6%	610,500	$50.74M	No quote	No quote
51	SCSC	SCANSOURCE, INC.	0.48%	Reduce -26.5%	1,189,164	$50.46M	$42.43	No quote
52	GGG	GRACO INC	0.42%	Reduce -22.9%	577,600	$45.12M	$78.12	No quote
53	IEX	IDEX CORP.	0.42%	Reduce -20.8%	598,550	$44.2M	$73.85	No quote
54	BHI	BAKER HUGHES INC	0.41%	Reduce -8.2%	783,939	$43.32M	No quote	No quote
55	PTEN	PATTERSON-UTI ENERGY INC	0.40%	Reduce -5.1%	1,675,418	$42.42M	$25.32	No quote
56	NFX	NEWFIELD EXPLORATION CO	0.38%	Reduce -20.4%	1,654,900	$40.76M	No quote	No quote
57	CPRT	COPART INC.	0.38%	Reduce -26.9%	1,111,700	$40.74M	$36.65	No quote
58	XEC	CIMAREX ENERGY CO	0.37%	Reduce -10.8%	375,800	$39.43M	No quote	No quote
59	ZBRA	ZEBRA TECHNOLOGIES CL A	0.36%	Reduce -15.4%	710,700	$38.44M	$54.08	No quote
60	ROSE	ROSETTA RESOURCES INC REG	0.35%	Add +18.9%	776,200	$37.29M	No quote	No quote
61	HP	HELMERICH & PAYNE INC	0.33%	Reduce -6.3%	410,700	$34.53M	$84.08	No quote
62	HTLD	HEARTLAND EXPRESS, INC	0.32%	Reduce -0.9%	1,756,600	$34.47M	$19.62	No quote
63	TRN	TRINITY INDUSTRIES INC	0.31%	Reduce -9.9%	598,650	$32.64M	$54.52	No quote
64	NE	NOBLE CORPORATION PLC	0.30%	New	860,700	$32.25M	$37.47	No quote
65	FELE	FRANKLIN ELECTRIC CO INC	0.30%	Reduce -26.5%	719,000	$32.1M	No quote	No quote
66	FHI	FEDERATED INVESTORS INC-CL B	0.30%	Reduce -5.3%	1,101,343	$31.72M	No quote	No quote
67	RS	RELIANCE STEEL & ALUMINUM	0.30%	Reduce -4.6%	418,008	$31.7M	$75.84	No quote
68	HNI	HNI CORPORATION	0.30%	Reduce -0.9%	810,433	$31.47M	No quote	No quote
69	KNX	KNIGHT TRANSPORTATION, INC	0.28%	Reduce -0.9%	1,592,200	$29.2M	$18.34	No quote
70	BIO	BIO-RAD LABORATORIES, INC.	0.27%	Reduce -24.8%	228,300	$28.22M	$123.61	No quote
71	AAN	AARON'S INC	0.26%	Add +699.0%	951,600	$27.98M	No quote	No quote
72	MCHP	MICROCHIP TECHNOLOGY INC	0.25%	Reduce -26.4%	602,551	$26.96M	$44.75	No quote
73	FTI	FMC TECHNOLOGIES INC	0.25%	Reduce -1.1%	516,400	$26.96M	$52.21	No quote
74	CLC	CLARCOR INC	0.24%	Reduce -26.3%	398,400	$25.64M	No quote	No quote
75	TSM	TAIWAN SEMICONDUCTOR MFG	0.22%	New	1,336,500	$23.31M	$17.44	No quote
76	LIFE	LIFE TECHNOLOGIES CORP.	0.21%	Reduce -50.4%	288,198	$21.85M	No quote	No quote
77	VECO	VEECO INSTRS INC DEL COM	0.20%	Add +0.7%	648,900	$21.36M	$32.91	No quote
78	-	INTERDIGITAL INC CVCUSIP 458660AB3	0.18%	-	18,500,000	$18.73M	No quote	No quote
79	MXIM	MAXIM INTEGRATED PRODUCTS	0.17%	Reduce -3.8%	660,900	$18.45M	No quote	No quote
80	CNC	CENTENE CORPORATION	0.15%	Reduce -6.3%	279,100	$16.45M	$58.95	No quote
81	TWI	TITAN INTL INC	0.14%	New	848,100	$15.25M	$17.98	No quote
82	-	NAVISTAR INTL CORPCUSIP 63934EAL2	0.12%	-	12,000,000	$12.32M	No quote	No quote
83	ACN	ACCENTURE PLC CL A	0.11%	New	138,475	$11.39M	$82.22	No quote
84	NDSN	NORDSON CORPORATION	0.10%	Reduce -0.8%	142,300	$10.57M	$74.30	No quote
85	VAR	VARIAN MEDICAL SYSTEM INC	0.09%	Reduce -26.1%	129,700	$10.08M	No quote	No quote
86	LH	LABORATORY CORP AMER HLDGS	0.07%	New	84,500	$7.72M	$91.37	No quote
87	SHOS	SEARS HMTWN & OUTLET STORES	0.06%	Reduce -9.8%	249,900	$6.37M	No quote	No quote
88	RGS	REGIS CORP	0.06%	Reduce -0.1%	436,800	$6.34M	No quote	No quote
89	SPLS	STAPLES INC	0.06%	New	376,900	$5.99M	No quote	No quote
90	CTRA	CABOT OIL & GAS CORP	0.06%	Reduce -8.4%	151,800	$5.88M	$38.76	No quote
91	PKY	PARKWAY PROPERTIES INC	0.05%	-	292,400	$5.64M	No quote	No quote
92	PDCO	PATTERSON COMPANIES INC	0.05%	New	136,000	$5.6M	No quote	No quote
93	ACRE	ARES COML REAL ESTATE CORP	0.05%	-	419,412	$5.49M	No quote	No quote
94	MYGN	MYRIAD GENETICS INC	0.05%	Add +84.0%	251,100	$5.27M	No quote	No quote
95	SATS	ECHOSTAR CORP CL A	0.05%	-	100,300	$4.99M	$49.72	No quote
96	ROST	ROSS STORES INC	0.04%	New	63,000	$4.72M	$74.94	No quote
97	HFWA	HERITAGE FINANCIAL CORP	0.04%	-	275,000	$4.71M	No quote	No quote
98	EBAY	EBAY INC	0.04%	New	79,500	$4.36M	$54.89	No quote
99	SXCP	SUNCOKE ENERGY PARTNERS L P	0.04%	Reduce -22.0%	159,600	$4.33M	No quote	No quote
100	MCD	MCDONALDS CORP	0.04%	New	43,500	$4.22M	$97.03	No quote
101	STC	STEWART INFORMATION SVCS	0.04%	Add +19.8%	123,200	$3.98M	$32.27	No quote
102	CAS	CASTLE A M & CO	0.03%	Add +1.7%	187,200	$2.77M	No quote	No quote
103	HOME	HOME FEDERAL BANCORP INC	0.02%	-	151,290	$2.25M	No quote	No quote
104	PBSK	POAGE BANKSHARES INC	0.02%	Reduce -1.2%	118,917	$1.67M	No quote	No quote
105	FRNK	FRANKLIN FINANCIAL CORP.	0.01%	-	61,598	$1.22M	No quote	No quote
106	FABK	FIRST ADVANTAGE BANCORP	0.01%	Reduce -3.5%	89,600	$1.15M	No quote	No quote
107	FTD	FTD COMPANIES, INC	0.01%	New	34,000	$1.11M	No quote	No quote
108	CZWI	CITIZENS CMNTY BANCORP INC	0.01%	Reduce -4.6%	108,909	$810K	No quote	No quote
109	UNTD	UNITED ONLINE INC	0.01%	New	44,401	$611K	No quote	No quote
110	LDR	LANDAUER INC	0.00%	-	9,100	$479K	No quote	No quote
111	ENZN	ENZON PHARMACEUTICALS INC	0.00%	Reduce -8.0%	347,035	$403K	No quote	No quote
112	AME	AMETEK INC.	0.00%	-	6,025	$317K	$52.61	No quote
113	HPQ	HEWLETT PACKARD COMPANY	0.00%	Reduce -99.7%	11,100	$311K	$28.02	No quote
114	SIAL	SIGMA-ALDRICH CORPORATION	0.00%	-	2,900	$273K	No quote	No quote
115	GWW	WW GRAINGER, INC.	0.00%	-	900	$230K	$255.56	No quote
116	TTC	THE TORO COMPANY	0.00%	-	3,600	$229K	$63.61	No quote
117	FNMAL	FEDERAL NATL MTG ASSN M 4.75%	0.00%	-	16,363	$221K	No quote	No quote
118	WAB	WABTEC CORP	0.00%	-	2,800	$208K	$74.29	No quote
119	FNMAG	FEDERAL NATL MTG ASSN I 5.375%	0.00%	-	13,200	$185K	No quote	No quote
120	NVSL	NAUGATUCK VALLEY FINL CORP	0.00%	-	24,012	$171K	No quote	No quote
121	HLX	HELIX ENERGY SOLUTIONS GRP	0.00%	-	6,100	$141K	$23.11	No quote
122	FLIR	FLIR SYSTEMS INC.	0.00%	-	3,300	$99K	No quote	No quote
123	TDW	TIDEWATER INC	0.00%	-	1,600	$95K	$59.38	No quote
124	FNMAM	FEDERAL NATL MTG ASSN H 5.81%	0.00%	-	6,300	$86K	No quote	No quote
125	TSCO	TRACTOR SUPPLY COMPANY	0.00%	-	1,000	$78K	$78.00	No quote
126	AZZ	AZZ INC	0.00%	-	1,500	$73K	$48.67	No quote
128	OCR	OMNICARE INC	0.00%	Reduce -99.9%	1,100	$66K	No quote	No quote
127	DLB	DOLBY LABORATORIES INC	0.00%	-	1,700	$66K	No quote	No quote
129	DCI	DONALDSON CO INC	0.00%	-	1,300	$56K	$43.08	No quote
130	UN	UNILEVER N V N Y SHS NEW	0.00%	Reduce -40.9%	1,300	$52K	No quote	No quote
131	CEC	CEC ENTERTAINMENT INC	0.00%	-	900	$40K	No quote	No quote
132	FMCC	FEDERAL HOME LN MTG H 5.10%	0.00%	-	1,925	$26K	No quote	No quote
133	ECOL	US ECOLOGY INC	0.00%	-	500	$19K	No quote	No quote
138	TSCDY	TESCO PLC SPONSORED ADR	-	Sold	0	$0	No quote	No quote
137	NE	NOBLE CORPORATION	-	Sold	0	$0	No quote	No quote
136	MWW	MONSTER WORLDWIDE INC	-	Sold	0	$0	No quote	No quote
135	LOW	LOWE'S COS INC	-	Sold	0	$0	No quote	No quote
134	ITT	ITT CORPORATION	-	Sold	0	$0	No quote	No quote

Options positions

Put = right to sell at strike (a bearish bet). Call = right to buy at strike (bullish via leverage). The notional column shows the underlying market value reported to the SEC, not the option premium paid - these don't add to the long-equity % portfolio above.


1	C	CITIGROUP INCCOM	CALL	New	7,800	$406K

Other instruments

Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.


1	BACWSA	BANK OF AMERICA CORP WTWT	OTHER	51,677	$334K
2	JPMWS	JPMORGAN CHASE & COWT	OTHER	10,000	$194K