First Pacific Advisors

First Pacific Advisors

Last Update: 2014-11-14
Related: Steven Romick
Robert Rodriguez

Number of Stocks: 128
Number of New Stocks: 2

Total Value: $12,028 Mil
Q/Q Turnover: 6%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

First Pacific Advisors Watch

  • First Pacific Advisors' Third-Quarter Investment in Yahoo! Increases in Value by 35%

    First Pacific Advisors (Trades, Portfolio) wasn’t as busy in the third quarter as it has been in recent quarters. The Los Angeles-based money management firm typically invests in more companies – and sells its holdings in more companies – than it did in the third quarter of 2014.

    Founded in 1954 as Shareholders Management Company, the company changed its name to First Pacific Advisors (Trades, Portfolio) in 1976. Two years later, Director/President George Michaelis established the firm’s emphasis on value investing.


  • Toro: A Quality Company with Strong Prospects

    We might call The Toro Company (TTC) the very model of a Buffett Munger company, with its ability to consistently grow its bottom line and a valuation of less than 1, indicating it is currently undervalued. Although it appears the two gurus don’t own any Toro stock at the moment, the company should get the attention of investors who follow the legends at Berkshire Hathaway (BRK.A) (BRK.B).

    Toro is the company that makes those ubiquitous mowers, snowblowers, and more. Its products are a staple on thousands of golf courses, landscaping projects, and even residential lawns. While America is its home turf, so to speak, it’s increasingly appearing on golf and landscape projects internationally.


  • Veeco's Long-Term Growth Prospects

    In this article, let's take a look at Veeco Instruments Inc (VECO), a $1.47 billion market cap company that designs, manufactures and markets equipment to make light emitting diodes (LEDs), solar panels, hard-disk drives and other devices.

    Upcoming future


  • Tractor Supply Company: Buy on Pullbacks

    Despite the relentless trend toward urbanization across America, some Americans remain resolutely rural.

    And, despite the trend away from brick-and-mortar retail across America, at least one company is bucking the trend and plans to increase its store count by at least 50% in less than a decade.


  • Is It Time to Buy a Downgraded Stock?

    In this article, let's take a look at Occidental Petroleum Corporation (OXY), a $66.61 billion market cap company, which is an integrated oil and gas company, with significant exploration and production exposure.



  • Is Occidental's Spinoff Hurting the Company?

    In this article, let's take a look at Occidental Petroleum Corporation (OXY), a $66.61 billion market cap company, which is an integrated oil and gas company with significant exploration and production exposure.

    Price down


  • Alcoa Reported Significant EPS Improvement

    Alcoa Inc. (AA), a $19.24 billion market cap company, is one of the world's largest producers of aluminum.

    Aerospace and Auto Industry


  • Bob Rodriguez: Another Great Recession Is Coming In Three Years

    Legendary fund manager Robert Rodriguez, who forecasted the global financial crisis, sees money managers and advisors in peril. They will be victims of their own heedlessness, he says.

    The day of reckoning will come within three years in a financial crisis at least as big and pernicious as the Great Recession, he told ThinkAdvisor in a recent interview. The country is treading a tenuous path toward another disaster of massive proportions, according to Rodriguez.


  • Westinghouse Air Brake: The Power of Predictability

    In a high tech age, an age that now depends on dashboard GPS and waits for the driverless car, it’s easy to take railroads for granted. And perhaps even easier to not see the gritty components that keep the steel wheels moving.

    Westinghouse Air Brake Technologies (WAB), which dates its origins back almost a century and a half, makes many of the components you see (or don’t see) inside the wheels of millions of train cars and locomotives. And, in some cases, it makes the locomotives, too. It may also have made many parts of the transit trains that we wait for impatiently.


  • Alcoa's Growth Drivers Justified Almost Doubling in a Year

    In this article, let's take a look at Alcoa Inc. (AA), a $20 billion market cap, which is one of the world's largest producers of primary aluminum as well as one of the world's largest suppliers of alumina, an intermediate raw material used to make aluminum products for a variety of end markets.

    Cost curve and joint venture


  • Starwood Hotels' Growth Drivers Look Attractive

    In this article, let's take a look at Starwood Hotels & Resorts Worldwide Inc. (HOT), a $15.99 billion market cap company, which operates as a hotel and leisure company comprised of a network of approximately 1,100 full service hotels, vacation ownership resorts and residential developments.

    International Markets


  • T. Rowe Price: A Constant Flow of Capital

    In this article, let's take a look at T. Rowe Price Group, Inc. (TROW), a $20.9 billion market cap company, which operates one of the largest no-load mutual fund and life-cycle fund complexes in the United States.

    Firm's Ability to Generate Flows


  • Guru Held Stocks Trading At Deep Discounts To Graham Number

    At GuruFocus, we have a conservative valuation measurement called the Graham Number. The calculation of the number is:

    Graham Number = Square Root of (22.5 x Tangible Book Value Per Share x Earnings Per Share)


  • Highest Yielding Stocks Widely Held By The Gurus

    I used the GuruFocus All-In-One Screener to find stocks with the highest dividend yields owned by the gurus. I wanted a consensus opinion that the stock was worth owning, so I narrowed my search to only display stocks that were held by at least five gurus. Below are the results:

    Vodafone Group Plc (VOD) 7.5%


  • AGCO: Undervalued and On Your List

    When a famous investing guru such as Martin Whitman (Trades, Portfolio), founder of Third Avenue Value Fund makes any move, it behooves the smartest of investors to watch where this great investor is headed. Whitman is not only a value investor emphasizing a buy and hold technique, he specializes in distressed companies. Every investor should include a copy of Whitman’s book entitled, “Distress Investing, Principles and Techniques”. You will not be disappointed.

    Recently, Whitman opened a new position into AGCO Corp. (AGCO). AGCO Corp., is an agricultural company that competes directly with Deere (DE), Komatsu (KMTUY), Caterpillar (CAT), Joy Global (JOY), Kubota Corp. (KUBTF), Terex Corp. (TEX) and several others.  

  • First Pacific Advisors' First Quarter Top Five Holdings

    First Pacific Advisors Capital Fund and the FPA New Income Fund, reported their first quarter portfolio holdings earlier this week. FPA Capital primarily invests in the stocks of smaller companies, and according to his investing philosophy they base their investments on the following criteria: strong balance sheets, free cash flow, an understandable and successful business strategy under capable management and unique business characteristics.

    Over the past quarter the portfolio managers at FPA Capital added no new stocks to their portfolio, keeping the total number of stocks to 28 which are valued at $931 million.


  • Gurus Confirm Analysts’ Opinion on Rowan Companies

    With the gas boom coming to a stall in North America, many companies are confrontoing a slowdown in the demand for their services. While some companies have found a way to curb market trends and readapt, others continue to struggle. Firms that have specialized in unconventional gas exploration and production are now in need of finding new shale to exploit, or perish under market pressure. Many have looked at Vaca Muerta in Argentina as an opportunity to balance accounts, but not all have been fortunate enough to enter this restricted market. Rowan Companies (RDC) is one businesses that continues to struggle, and if guided by gurus’ transactions, prospects for growth remain grim.

    Mixed News and Trimmed Target Price


  • Applying the Dividend Discount Model to Cisco Systems

    Cisco Systems Inc. (CSCO) is the world's largest supplier of high-performance computer networking systems. The firm continues strengthening its focus on corporate software and technology services, which we see as a main driver in the current years.

    The firm is currently Zacks Rank # 3 Hold, and it also has a longer-term recommendation of “Neutral.” For investors looking for a Zacks Rank # 1 – Strong Buy, Netgear Inc. (NTGR) and Silicom Limited (SILC) could be better options.


  • Do Gurus’ Transactions Predict Joy’s Strong Performance in the Long Term?

    The mining sector continues to be under pressure since the last economic crisis as prices for mined commodities entered a downtrend in the second quarter of 2011. So far, prices for most precious and base metals, and steel raw materials seem to have stabilized throughout 2013. However, they are all far from recovering the lost ground as demand continues comparatively low, and activity in related industries slowly recovers. One of the most affected industries has been mining equipment, doubled whammed by a decline in new equipment purchases and original parts replacement. Joy Global (JOY) has not been the exception, but gurus have increased their holdings during the last quarter of 2013. Can you expect to be fortunate in the long term?

    Analysts Say “Yes”, Performance Says “No”


  • Aluminum Demand and Pricing Poised to Recover from Great Lows - Excellent News for Stanley Druckenmiller

    Over the past days hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). In this article, let´s concentrate in one particular hedge fund and try to see the principal holdings in its portfolio. I will look into Duquesne Family Office LLC from Stanley Druckenmiller, who closed his Duquesne Capital Management hedge fund in 2010, returned capital to investors, and converted it into a family office managing his personal fortune.

    Recently the family office reported its equity portfolio, as at the end of last year. The total value of the portfolio amounted to $1.5 billion, up from $0.84 billion disclosed at the end of the previous quarter. Consequently, the fund's total return was 77% in the last quarter. The filing revealed that at the end of last year, the fund added 21 new positions to its equity portfolio, and sold out of seven other companies. The top 10 portfolio holdings as of the end of the quarter represented 53%. The largest changes from previous 13-F fillings are in the telecom sector (5%) followed by materials (1.4%).


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