First Pacific Advisors

First Pacific Advisors, LLC

Last Update: 2013-05-14

Number of Stocks: 123
Number of New Stocks: 9

Total Value: $9,206 Mil
Q/Q Turnover: 6%

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First Pacific Advisors Watch

First Pacific Advisors Buys ROSE, CFN, HNT, Sells ESV, PETM, WMT
by GuruFocus - Nov 12, 2012
First Pacific Advisors is a highly respected value shop run by the legendary Bob Rodriguez. Unlike many pure bottom-up value shops, FPA pays close attention to macro picture. Their view of macro pictures helps them to understand better on the sustainability of the profit of the companies they are interested.

FPA Managers Bob Rodriguez and Steven Romick are long time critics of Fed Chainman Ben Bernanke. This can be seen from the most recent commentary of Steven Romick, Blind Faith. To understand how Steven Romick invests and how he achieved an outstanding track record, please read: GuruFocus Interview with Steve Romick, Portfolio Manager of FPA Crescent fund. Continue Reading »
First Pacific Advisors’ Top New Buys
by Holly LaFon - Aug 08, 2012
First Pacific Advisors is a money management firm located in California with about $20.1 billion in assets under management. Two managing partners at the firm are the celebrated value investors Robert Rodriguez and Steven Romick. Core values at the firm are long-term thinking and paying less for securities than their intrinsic value to avoid permanent capital impairment.

In the second quarter, the firm’s managers found 9 new opportunities for their portfolio of 130 stocks. The largest new buys are: CareFusion Corp. (CFN), Health Net Inc. (HNT), Ares Commercial Real Estate Corp. (ACRE), Enzon Pharmaceuticals Inc. (ENZN). Continue Reading »
Bob Rodriguez – Memo to FPA Colleagues on European Debt Crisis
by CanadianValue - Dec 05, 2011
Dear Colleagues, I was up very late last night watching measures of European short term funding go to the highest levels seen since March 2009 during the last financial crisis. Had they risen about 2 basis points higher, we would have broken into a new and dangerous zone. Along with several bank downgrades after the close yesterday, this was shaping up to be a potentially serious day. A Forbes article today, “Big European Bank Failure Averted: What Central Banks Did Not Tell Us”, confirms that a major bank was having difficulty funding liquidity needs.

Early this morning there was a coordinated response by several foreign central banks to provide liquidity to Europe and European financial institutions. These actions were not factored into the market but were always a possibility. I've been looking for some type of European bilateral fiscal agreements, along with ECB and IMF participation, to help stem the crisis. My estimate has been that something had to be done between December 2 and 9 that played into key upcoming ECB meetings. Any announcement that did not contain a substantive response from these meetings could unravel the financial markets further. Continue Reading »
First Pacific Advisors Buys Lowes Cos., Aon Corp., Cit Group Inc., Sells Abbott Laboratories, Amgen Inc., Ebay Inc.
by gurufocus - Nov 19, 2011
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 »
FPA Capital Fund Quarterly Commentary
by gurufocus - Aug 22, 2011
Portfolio Commentary

There were several good performers in the quarter. Among the best were Cabot Oil & Gas (COG) +25.2%, Foot Locker (FL) +20.5%, Rosetta Resources (ROSE) +8.4% and Patterson-UTI Energy (PTEN) +7.6%. Continue Reading »
First Pacific Advisors and Robert Rodriguez's Top Stocks: RDC, ESV, ROSE, ARW, AVT
by Henry Tan - Apr 29, 2011
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 Robert Rodriguez, a CFA charter holder who earned his BS and MBA from the University of Southern California.

“…I found many books from the 1920s and 1930s on business. Among them was a book written by Benjamin Graham and David Dodd on security analysis. It changed my life and my investment philosophy forever.” Continue Reading »
Stocks FPA Keeps Buying: ENSCO International Inc., Covidien PLC, Aon , Vodafone Group plc, WalMart Stores Inc.
by guruek - Aug 12, 2010
In an earlier article, we stated that FPA is hoarding cash but in the same time, it is taking advantage of the weaknesses of the market in some issue and buying more of the same stocks that the firm has already owned.

This is are the stocks that FPA has been buying for the at least the past two quarters: Continue Reading »

FPA Top Holdings: ENSCO International Inc., Rowan Companies Inc., Avnet Inc., Covidien PLC, Signet Group plc

by guruek - Aug 12, 2010

I hope Robert Rodriguez of First Pacific Advisors (FPA) is not letting his hard earned sabbatical year spoiled by millions of gallons of oil spilled into the Gulf of Mexico by BP. Not that the veteran investment manager likes that part of the world particularly (I simply do not know, he might, who wouldn’t?), it is that the mutual funds (FPA Capital, FPA Crescent, etc.) he left behind happen to be filled with Oil and Gas companies. Counting only the domestic stock portfolio portion of the firm’s funds, the firm allocates a total 31% of the assets in Oil & Gas names, according to GuruFocus data:

Industry	2010-03-31	2010-06-30
Technology	3.6%	4.1%
Financials	4.5%	4%
Telecommunications	1.9%	1.9%
Consumer Services	15.4%	14.3%
Health Care	13.1%	15.1%
Consumer Goods	3.1%	4.9%
Industrials	19%	17.4%
Basic Materials	1.1%	0.8%
Oil & Gas	31.6%	31%

First Pacific Advisors Buys Johnson & Johnson, Transocean Inc., Walgreen Company, Devon Energy Corp., Sells Assurant Inc.
by - Aug 04, 2010
This is the Q2 portfolio update of First Pacific Advisors. The firm is led by CEO Bob Rodriguez and partner Steven Romick and is bullish with energy stocks. They are buying more of them in the second quarter. They also added the consumer services companies.

For First Pacific Advisors we also track two of their mutual funds separately. One is FPA Capital Fund, managed by Robert Rodriguez himself. The other is FPA Crescent Fund, managed by Steven Romick. Both funds have achieved outstanding results over the past decade. Continue Reading »
First Pacific Advisors Buys Aon, Vodafone Group Plc, Pfizer Inc, Sells The Brink's Company, Brinks Home Security Holdings Inc, Pg&e Corp.
by - Feb 12, 2010
First Pacific Advisors runs a family of funds which has been very successful. FPA is led by CEO Robert Rodriguez. This is the Q4 portfolio update of First Pacific Advisors.

First Pacific Advisors owns 101 stocks with a total value of $4.1 billion. These are the details of the buys and sells. Continue Reading »

Total Records: 10

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First Pacific Advisors

First Pacific Advisors Watch

First Pacific Advisors Buys ROSE, CFN, HNT, Sells ESV, PETM, WMT

First Pacific Advisors’ Top New Buys

Bob Rodriguez – Memo to FPA Colleagues on European Debt Crisis

First Pacific Advisors Buys Lowes Cos., Aon Corp., Cit Group Inc., Sells Abbott Laboratories, Amgen Inc., Ebay Inc.

FPA Capital Fund Quarterly Commentary

First Pacific Advisors and Robert Rodriguez's Top Stocks: RDC, ESV, ROSE, ARW, AVT

Stocks FPA Keeps Buying: ENSCO International Inc., Covidien PLC, Aon , Vodafone Group plc, WalMart Stores Inc.

FPA Top Holdings: ENSCO International Inc., Rowan Companies Inc., Avnet Inc., Covidien PLC, Signet Group plc

First Pacific Advisors Buys Johnson & Johnson, Transocean Inc., Walgreen Company, Devon Energy Corp., Sells Assurant Inc.

First Pacific Advisors Buys Aon, Vodafone Group Plc, Pfizer Inc, Sells The Brink's Company, Brinks Home Security Holdings Inc, Pg&e Corp.

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