First Pacific Advisors, LP
SEC Form 13F institutional filer · CIK 0001377581
13F-HR · 41 reported holdings · 2026-03-31
Asset management firm.
Reported long-US-equity value
$5.24B
Top-10 concentration
71.7%
First Pacific Advisors, LP — $5.24B AUM allocation strategy
First Pacific Advisors, LP files SEC Form 13F and reports $5.24B of long US equity value across 41 reported holdings for 2026-03-31.
Its largest sector bet is Communication Services 28.7%, followed by Information Technology 19.9% and Financials 14.1%.
The top 10 holdings account for 72% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
First Pacific Advisors, LP — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$5.24B
total across 41 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
72% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$CMCSA +193K sh · −$4.38M+$IFF +83.9K sh · +$33.6M+$AON +46.7K sh · −$4.68M
Biggest trims (shares)
−$KMI −2.74M sh · −$67.4M−$C −332K sh · −$49.1M−$WFC −237K sh · −$34M
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Interactive Media & Services24.0%—
- Semiconductors13.4%—
- Diversified Banks8.2%—
- Health Care Equipment8.1%—
- Specialty Chemicals7.5%—
- Electronic Manufacturing Services6.6%—
- Insurance Brokers5.9%—
- Broadline Retail5.6%—
- Other holdings20.7%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $ADI | Analog Devices Inc | 1.72M | $548M | -152K | 10.5% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 1.68M | $484M | -228K | 9.2% |
| $IFF | International Flavors & Fragrances Inc | 5.41M | $392M | +83.9K | 7.5% |
| $META | Meta Platforms Inc | 681K | $389M | -21.5K | 7.4% |
| $GOOGL | Alphabet Inc | 1.33M | $382M | -16.4K | 7.3% |
| $C | Citigroup Inc | 3.18M | $360M | -332K | 6.9% |
| $TEL | TE Connectivity plc | 1.65M | $345M | -129K | 6.6% |
| $BDX | Becton Dickinson and Company | 1.98M | $311M | +29.2K | 5.9% |
| $AMZN | Amazon.com Inc | 1.42M | $295M | +5.02K | 5.6% |
| $CMCSA | Comcast Corporation | 8.59M | $247M | +193K | 4.7% |
…and 31 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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