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First Pacific Advisors’ Major Selling and Reductions in Second Quarter
Posted by: Sally Jones (IP Logged)
Date: August 15, 2013 04:11PM

First Pacific Advisors was actively selling in the second quarter of 2013. The current portfolio shows 122 stocks, seven of them new, and a total value of $9.38 billion. The firm has a quarter-over-quarter turnover of 4%. These are all of First Pacific Advisors’ reductions and sell outs as of June 30, 2013.

Unilever NV (UN): Reduced

Guru Action: As of June 30, 2013, First Pacific Advisors reduced its position by 48.39%, selling 4,500 shares at an average price of $41.15 for a loss of 4.2%. First Pacific Advisors has averaged a gain of 29% on 361,232 shares bought at an average price of 30.53 per share.

Historical pricing:



Omnicare Inc. (OCR): Reduced

Guru Action: As of June 30, 2013, First Pacific Advisors reduced its position by 27.74%, selling 1,813,900 shares at an average price of $44.74 for a gain of 20.5%. First Pacific Advisors has averaged a gain of 106% on 6,338,400 shares bought at an average price of $26.21 per share.

Historical pricing:




Travelers Companies Inc. (TRV): Sold Out

Guru Action: As of June 30, 2013, First Pacific Advisors sold out its TRV holding, unloading 726,500 shares at an average price of $84.05 for a loss of 3.7%. This was their first losing quarter since buying a new holding in the second quarter of 2010 with a gain of 59.4%.



Western Digital Corporation (WDC): Reduced

Guru Action: As of June 30, 2013, First Pacific Advisors reduced its position by 31.12%, selling 1,046,000 shares at an average price of $57.97 for a gain of 14.7%. First Pacific Advisors has averaged a gain of 142% on 8,513,100 shares bought at an average price of $27.50 per share.

Encsco PLC (ESV): Reduced

Guru Action: As of June 30, 2013, First Pacific Advisors reduced its position by 23.08%, selling 565,900 shares at an average price of $58.77 for a loss of 2.9%. First Pacific Advisors has averaged a gain of 36% on 2,802,197 shares bought at an average price of $42.03 per share.

Historical pricing:



PetSmart Inc. (PETM): Sold Out

Guru Action: As of June 30, 2013, First Pacific Advisors sold out its PETM holding, selling 429,100 shares at an average price of $67.36 for a gain of 9.6%.

Actuant Corp. (ATU): Sold Out

Guru Action: As of June 30, 2013, First Pacific Advisors sold out its ATU holding, selling 725,000 shares at an average price of $32.01 for a gain of11.7%.

Health Net Inc. (HNT): Reduced

Guru Action: As of June 30, 2013, First Pacific Advisors reduced its position by 26.37%, selling 743,200 shares at an average price of $30.13 for a loss of 0.6%. First Pacific Advisors has averaged a gain of 22% on 2,818,700 shares bought at an average price of $24.54 per share.

Historical pricing:



VCA Antech Inc. (WOOF): Sold Out

Guru Action: As of June 30, 2013, First Pacific Advisors sold out its WOOF holding, selling 907,700 shares at an average price of $24.24 for a gain of 16.69%.

Xerox Corporation (XRX): Reduced

Guru Action: As of June 30, 2013, First Pacific Advisors reduced its position by 24.92%, selling 2,407,300 shares at an average price of $8.87 for a gain of 15.7%.

CIT Group Inc. (CIT): Reduced

Guru Action: As of June 30, 2013, First Pacific Advisors reduced its position by 14.76%, selling 448,400 shares at an average price of $44.21 for a gain of 10.9%. First Pacific Advisors has averaged a gain of 48% on 3,244,727 shares bought at an average price of $33.12 per share.

Historical pricing:



Rowan Companies PLC (RDC): Reduced

Guru Action: As of June 30, 2013, First Pacific Advisors reduced its position by 7.62%, selling 550,676 shares at an average price of $33.57 for a gain of 6.8%. First Pacific Advisors has averaged a gain of 58% on 2,880,100 shares bought at an average price of $22.70 per share.

Oshkosh Corporation (OSK): Reduced

Guru Action: As of June 30, 2013, First Pacific Advisors reduced its position by 14.49%, selling 405,200 shares at an average price of $38.39 for a gain of 17.8%. First Pacific Advisors has averaged a gain of 75% on 553,800 shares bought at an average price of $34.52 per share.

Manpower Group (MAN): Sold Out

Guru Action: As of June 30, 2013, First Pacific Advisors sold out its holding, selling 274,000 shares at an average price of $55.02 for a gain of 21.7%.

Johnson & Johnson (JNJ): Reduced

Guru Action: As of June 30, 2013, First Pacific Advisors reduced its position by 6.58%, selling 128,400 shares at an average price of $84.86 for a gain of 5.8%. First Pacific Advisors has averaged a gain of 43% on 1,953,900 shares bought at an average price of $62.60 per share.

Bank of New York Mellon Corp. (BK): Reduced

Guru Action: As of June 30, 2013, First Pacific Advisors reduced its position by 8%, selling 375,600 shares at an average price of $28.72 for a gain of 5.5%. First Pacific Advisors has averaged a gain of 36% on 4,695,900 shares bought at an average price of $22.25 per share.

Here’s a summary of First Pacific Advisors' trading.



GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

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Guru Discussed: First Pacific Advisors: Current Portfolio, Stock Picks
Stocks Discussed: UN, OCR, TRV, WDC, ESV, PETM, ATU, HNT, WOOF, XRX, CIT, RDC, O,
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