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First Pacific Advisors Buys CVS, MSFT, WMT, AON, PFE, OCR, TOT, Sells MCY, PHG, HNT, CVX, GKSR, LOW

gurufocus

gurufocus

335 followers
First Pacific Advisors reported their Q4 portfolio. As of 12/31/2010, First Pacific Advisors, LLC owns 104 stocks with a total value of $5.9 billion. These are the details of the buys and sells.

First Pacific Advisors runs several mutual funds with great long term track record. Among them FPA Capital Fund, Inc. is run by Robert Rodriguez. The other is FPA Crescent Fund, run by Steven Romick. Both funds averaged more than 11.5% a year over the past 10 years. Those funds are tracked separately under their names. Steven Romick commented favorably about PetSmart and Wal-Mart lately. For details, please read: FPA Crescent Fund: The Portfolio Has Its Largest Weighted Average Market Cap; Comments on PetSmart (PETM) and Wal-Mart (WMT) .

This is the portfolio chart of First Pacific Advisors. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of First Pacific Advisors's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=First+Pacific+Advisors

This is the sector weightings of his portfolio:

Oil & Gas 32.3%
Industrials 16.8%
Consumer Services 16%
Health Care 13.2%
Technology 8.7%
Consumer Goods 4.1%
Financials 2.6%
Telecommunications 1.8%
Basic Materials 0.6%


These are the top 5 holdings of First Pacific Advisors

  1. ENSCO PLC (ESV) - 8,144,000 shares, 7.34% of the total portfolio. Shares reduced by 0.04%
  2. ROWAN COMPANIES INC. (RDC) - 7,094,500 shares, 4.18% of the total portfolio. Shares reduced by 3.5%
  3. WESTERN DIGITAL CORP. (WDC) - 6,738,600 shares, 3.85% of the total portfolio. Shares reduced by 1.83%
  4. AON Corp. (AON) - 4,728,700 shares, 3.67% of the total portfolio. Shares added by 10.18%
  5. COVIDIEN PLC. (COV) - 4,391,000 shares, 3.38% of the total portfolio. Shares added by 3.41%


Added: Cvs Caremark Corp. (CVS)

First Pacific Advisors added to his holdings in Cvs Caremark Corp. by 701.19%. His purchase prices were between $29.65 and $35, with an estimated average price of $31.98. The impact to his portfolio due to this purchase was 2.52%. His holdings were 4,914,485 shares as of 12/31/2010.

Added: Microsoft Corp. (MSFT)

First Pacific Advisors added to his holdings in Microsoft Corp. by 72.21%. His purchase prices were between $23.91 and $28.3, with an estimated average price of $26.33. The impact to his portfolio due to this purchase was 0.7%. His holdings were 3,542,400 shares as of 12/31/2010.

Added: Walmart Stores Inc. (WMT)

First Pacific Advisors added to his holdings in Walmart Stores Inc. by 34.23%. His purchase prices were between $53.25 and $55.36, with an estimated average price of $54.18. The impact to his portfolio due to this purchase was 0.53%. His holdings were 2,300,000 shares as of 12/31/2010.

Added: Aon Corp. (AON)

First Pacific Advisors added to his holdings in Aon Corp. by 10.18%. His purchase prices were between $38.99 and $46.05, with an estimated average price of $41.71. The impact to his portfolio due to this purchase was 0.34%. His holdings were 4,728,700 shares as of 12/31/2010.

Added: Pfizer Inc. (PFE)

First Pacific Advisors added to his holdings in Pfizer Inc. by 18.73%. His purchase prices were between $16.3 and $17.8, with an estimated average price of $17.16. The impact to his portfolio due to this purchase was 0.24%. His holdings were 5,184,800 shares as of 12/31/2010.

Added: Omnicare Inc. (OCR)

First Pacific Advisors added to his holdings in Omnicare Inc. by 12.47%. His purchase prices were between $22.22 and $25.75, with an estimated average price of $23.92. The impact to his portfolio due to this purchase was 0.2%. His holdings were 4,243,200 shares as of 12/31/2010.

Added: Total S.a. (TOT)

First Pacific Advisors added to his holdings in Total S.a. by 16.4%. His purchase prices were between $48.77 and $57.65, with an estimated average price of $53.25. The impact to his portfolio due to this purchase was 0.19%. His holdings were 1,493,783 shares as of 12/31/2010.

Added: Thermo Fisher Scientific Inc. (TMO)

First Pacific Advisors added to his holdings in Thermo Fisher Scientific Inc. by 51.31%. His purchase prices were between $47.38 and $55.82, with an estimated average price of $51.67. The impact to his portfolio due to this purchase was 0.17%. His holdings were 525,500 shares as of 12/31/2010.

Added: The Travelers Companies Inc. (TRV)

First Pacific Advisors added to his holdings in The Travelers Companies Inc. by 36.13%. His purchase prices were between $52.12 and $57.44, with an estimated average price of $54.95. The impact to his portfolio due to this purchase was 0.12%. His holdings were 470,200 shares as of 12/31/2010.

Added: Covidien Plc. (COV)

First Pacific Advisors added to his holdings in Covidien Plc. by 3.41%. His purchase prices were between $39.5 and $46.48, with an estimated average price of $42.47. The impact to his portfolio due to this purchase was 0.11%. His holdings were 4,391,000 shares as of 12/31/2010.

Added: Ishares Trust Russell 2000 Index Fund (IWM)

First Pacific Advisors added to his holdings in Ishares Trust Russell 2000 Index Fund by 42.5%. His purchase prices were between $66.94 and $79.201, with an estimated average price of $73.28. The impact to his portfolio due to this purchase was 0.01%. His holdings were 11,400 shares as of 12/31/2010.

New Purchase: Arris Group Inc (ARRS)

First Pacific Advisors initiated holdings in Arris Group Inc. His purchase prices were between $9.1 and $11.24, with an estimated average price of $10.19. The impact to his portfolio due to this purchase was 0.67%. His holdings were 3,519,200 shares as of 12/31/2010.

New Purchase: Owens Illinois Inc. (OI)

First Pacific Advisors initiated holdings in Owens Illinois Inc.. His purchase prices were between $26.16 and $30.89, with an estimated average price of $28.55. The impact to his portfolio due to this purchase was 0.57%. His holdings were 1,105,200 shares as of 12/31/2010.

New Purchase: Capitol Federal Financial Inc (CFFN)

First Pacific Advisors initiated holdings in Capitol Federal Financial Inc. His purchase prices were between $23.09 and $26.44, with an estimated average price of $24.03. The impact to his portfolio due to this purchase was 0.18%. His holdings were 900,000 shares as of 12/31/2010.

New Purchase: Heritage Financial Corp. (HFWA)

First Pacific Advisors initiated holdings in Heritage Financial Corp.. His purchase prices were between $13.29 and $15.4, with an estimated average price of $14.25. The impact to his portfolio due to this purchase was 0.06%. His holdings were 275,000 shares as of 12/31/2010.

Reduced: Reliance Steel & Aluminum Co. (RS)

First Pacific Advisors reduced to his holdings in Reliance Steel & Aluminum Co. by 29.01%. His sale prices were between $40.89 and $51.73, with an estimated average price of $45.77. The impact to his portfolio due to this sale was -0.23%. First Pacific Advisors still held 643,708 shares as of 12/31/2010.

Reduced: Joann Stores Inc. (JAS)

First Pacific Advisors reduced to his holdings in Joann Stores Inc. by 20.93%. His sale prices were between $40.91 and $60.22, with an estimated average price of $45.78. The impact to his portfolio due to this sale was -0.2%. First Pacific Advisors still held 755,695 shares as of 12/31/2010.

Sold Out: Mercury General Corp. (MCY)

First Pacific Advisors sold out his holdings in Mercury General Corp.. His sale prices were between $40.82 and $44.79, with an estimated average price of $43.09.

Sold Out: Koninkl Phil E Ny Sh (PHG)

First Pacific Advisors sold out his holdings in Koninkl Phil E Ny Sh. His sale prices were between $27.1 and $33.9, with an estimated average price of $30.69.

Sold Out: Health Net Inc. (HNT)

First Pacific Advisors sold out his holdings in Health Net Inc.. His sale prices were between $25.04 and $29.35, with an estimated average price of $27.11.

Sold Out: Chevron Corp. (CVX)

First Pacific Advisors sold out his holdings in Chevron Corp.. His sale prices were between $80.97 and $91.6, with an estimated average price of $85.09.

Sold Out: G&k Services Inc. (GKSR)

First Pacific Advisors sold out his holdings in G&k Services Inc.. His sale prices were between $22.09 and $31.69, with an estimated average price of $27.4.

Sold Out: Lowes Companies Inc. (LOW)

First Pacific Advisors sold out his holdings in Lowes Companies Inc.. His sale prices were between $21.05 and $25.68, with an estimated average price of $23.05.

Sold Out: Diana Shipping Inc. (DSX)

First Pacific Advisors sold out his holdings in Diana Shipping Inc.. His sale prices were between $11.82 and $14.08, with an estimated average price of $13.2.

About the author:

gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 2.2/5 (10 votes)

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