First Pacific Advisors
(FPA) is an investment management firm located in Los Angeles, Calif. With over $16.17 billion under management, FPA utilizes four primary strategies: absolute value, quality value, contrarian, and fixed income. Those strategies are then utilized in several of First Pacific’s funds, ranging from the small and mid-cap oriented Capital Fund, to the New Fixed Income fund. One fund in particular, the Capital Fund, has assets of $1.4 billion under management. This fund has been in operation since July 1984, and is led by its CEO Robert Rodriguez
. Steven Romick
, another excellent value manager, manages FPA Crescent Fund. Both of them have built outstanding long term track record.
As of 09/30/2011, First Pacific Advisors
, LLC owns 120 stocks with a total value of $6.2 billion. These are the details of the buys and sells. Continue Reading »