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

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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.

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.



As of 09/30/2012, First Pacific Advisors, LLC owns 121 stocks with a total value of $8.1 billion. These are the details of the buys and sells.

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:

Technology 21.3%
il & Gas 17.4%
Consumer Services 16%
Industrials 14.2%
Health Care 13.5%
Financials 13.5%
Consumer Goods 3.7%
Basic Materials 0.4%


These are the top 5 holdings of First Pacific Advisors

  1. CVS Caremark Corp (CVS) - 7,782,900 shares, 4.7% of the total portfolio. Shares reduced by 4.19%
  2. Aon Plc (AON) - 7,343,900 shares, 4.7% of the total portfolio. Shares added by 1.2%
  3. Covidien PLC (COV) - 5,319,700 shares, 3.9% of the total portfolio. Shares reduced by 0.02%
  4. Western Digital Corporation (WDC) - 8,056,500 shares, 3.9% of the total portfolio. Shares reduced by 1.81%
  5. Ensco PLC (ESV) - 5,734,177 shares, 3.9% of the total portfolio. Shares reduced by 20.47%


New Purchase: ITT Corp (ITT)

First Pacific Advisors initiated holdings in ITT Corp. His purchase prices were between $17.47 and $21.54, with an estimated average price of $19.59. The impact to his portfolio due to this purchase was 0.17%. His holdings were 702,663 shares as of 09/30/2012. ITT Corporation supplies advanced technology products and services in several growth markets. Itt Corp has a market cap of $2.01 billion; its shares were traded at around $21.72 with a P/E ratio of 12.85 and P/S ratio of 0.95. The dividend yield of Itt Corp stocks is 1.68%.

New Purchase: JPMorgan Chase & Co (JPM)

First Pacific Advisors initiated holdings in Jpmorgan Chase & Co. His purchase prices were between $33.89 and $41.57, with an estimated average price of $37.09. The impact to his portfolio due to this purchase was 0.11%. His holdings were 223,000 shares as of 09/30/2012. JPMorgan Chase & Co. is a financial services firm. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. Jpmorgan Chase & Co has a market cap of $154.31 billion; its shares were traded at around $40.62 with a P/E ratio of 8.64 and P/S ratio of 1.59. The dividend yield of Jpmorgan Chase & Co stocks is 2.95%.

New Purchase: Alliant Techsystems Inc (ATK)

First Pacific Advisors initiated holdings in Alliant Techsystems Inc. His purchase prices were between $44 and $52, with an estimated average price of $48.79. The impact to his portfolio due to this purchase was 0.07%. His holdings were 112,200 shares as of 09/30/2012. ATK is an aerospace and defense company with market positions in munitions, smart weapons and precision capabilities, propulsion, and composite structures. Alliant Techsystems Inc has a market cap of $1.96 billion; its shares were traded at around $59.93 with a P/E ratio of 7.34 and P/S ratio of 0.42. The dividend yield of Alliant Techsystems Inc stocks is 1.33%. Alliant Techsystems Inc had an annual average earnings growth of 10% over the past 10 years. GuruFocus rated Alliant Techsystems Inc the business predictability rank of 4-star.

New Purchase: CBL & Associates Properties, Inc. (CBL)

First Pacific Advisors initiated holdings in Cbl & Associates Properties, Inc.. His purchase prices were between $18.71 and $22.45, with an estimated average price of $20.61. The impact to his portfolio due to this purchase was 0.03%. His holdings were 100,000 shares as of 09/30/2012. CBL & Associates Properties, Inc. is a fully integrated real estate investment trust which owns, develops, acquires, leases, manages, and operates regional shopping malls, open-air centers, community centers and office properties. Cbl & Associates Properties, Inc. has a market cap of $3.55 billion; its shares were traded at around $22.4 with a P/E ratio of 10.37 and P/S ratio of 3.33. The dividend yield of Cbl & Associates Properties, Inc. stocks is 3.93%.

New Purchase: Bre Properties, Inc. (BRE)

First Pacific Advisors initiated holdings in Bre Properties, Inc.. His purchase prices were between $46.57 and $53.26, with an estimated average price of $50.29. The impact to his portfolio due to this purchase was 0.03%. His holdings were 155,000 shares as of 09/30/2012. BRE PROPERTIES, INC. is a self-administered equity real estate investment trust which owns and operates garden apartments, shopping centers and other income-producing properties. Bre Properties, Inc. has a market cap of $3.79 billion; its shares were traded at around $49.38 with a P/E ratio of 21.01 and P/S ratio of 10.21. The dividend yield of Bre Properties, Inc. stocks is 3.12%.

Sold Out: Vodafone Group Plc (VOD)

First Pacific Advisors sold out his holdings in Vodafone Group Plc. His sale prices were between $27.58 and $30.05, with an estimated average price of $28.76. Vodafone AirTouch Plc is the world's largest international mobile communications firm. Vodafone Group Plc has a market cap of $130.61 billion; its shares were traded at around $26.56 with and P/S ratio of 1.78. The dividend yield of Vodafone Group Plc stocks is 5.49%.

Sold Out: Apache Corporation (APA)

First Pacific Advisors sold out his holdings in Apache Corporation. His sale prices were between $82.59 and $92.48, with an estimated average price of $86.85. Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. Apache Corporation has a market cap of $30.73 billion; its shares were traded at around $78.56 with a P/E ratio of 7.72 and P/S ratio of 1.82. The dividend yield of Apache Corporation stocks is 0.87%. Apache Corporation had an annual average earnings growth of 15.3% over the past 10 years. GuruFocus rated Apache Corporation the business predictability rank of 2.5-star.

Sold Out: Amerigroup Corporation (AGP)

First Pacific Advisors sold out his holdings in Amerigroup Corporation. His sale prices were between $64.34 and $91.44, with an estimated average price of $88.14. Amerigroup Corporation is a multi-state managed healthcare company focused on serving people who receive healthcare benefits through state-sponsored programs, including Medicaid, Children's Health Insurance Program, or CHIP, and Family Care. Amerigroup Corporation has a market cap of $4.5 billion; its shares were traded at around $91.36 with a P/E ratio of 34.48 and P/S ratio of 0.71. Amerigroup Corporation had an annual average earnings growth of 16.1% over the past 10 years. GuruFocus rated Amerigroup Corporation the business predictability rank of 5-star.

Sold Out: Agco Corp (AGCO)

First Pacific Advisors sold out his holdings in Agco Corp. His sale prices were between $40.71 and $47.45, with an estimated average price of $44.19. AGCO CORP. is engaged in the manufacturer and distribution of farm equipment, machinery and replacement parts in the United States and Canada. Agco Corp has a market cap of $4.31 billion; its shares were traded at around $44.32 with a P/E ratio of 7.79 and P/S ratio of 0.49. Agco Corp had an annual average earnings growth of 11% over the past 10 years. GuruFocus rated Agco Corp the business predictability rank of 3-star.

Sold Out: Group 1 Automotive Inc (GPI)

First Pacific Advisors sold out his holdings in Group 1 Automotive Inc. His sale prices were between $45.64 and $60.72, with an estimated average price of $53.99. Group 1 Automotive, Inc. is a operator and consolidator in the highly fragmented automotive retailing industry. Group 1 Automotive Inc has a market cap of $1.35 billion; its shares were traded at around $59.28 with a P/E ratio of 13.2 and P/S ratio of 0.22. The dividend yield of Group 1 Automotive Inc stocks is 1.01%. Group 1 Automotive Inc had an annual average earnings growth of 4.8% over the past 5 years.

Sold Out: Total Sa (TOT)

First Pacific Advisors sold out his holdings in Total Sa. His sale prices were between $42.16 and $54.51, with an estimated average price of $48.03. Total Fina SA engages in worldwide oil and gas production, other upstream, RM&T and an expanding multi-national specialty chemicals business. Total Sa has a market cap of $113.85 billion; its shares were traded at around $48.15 with a P/E ratio of 7.02 and P/S ratio of 0.46. The dividend yield of Total Sa stocks is 5.16%. Total Sa had an annual average earnings growth of 12.1% over the past 10 years. GuruFocus rated Total Sa the business predictability rank of 4-star.

Sold Out: Questcor Pharmaceuticals, Inc. (QCOR)

First Pacific Advisors sold out his holdings in Questcor Pharmaceuticals, Inc.. His sale prices were between $17.83 and $57.64, with an estimated average price of $41.37. Questcor Pharmaceuticals, Inc., formerly Cypros Pharmaceutical Corporation,is an integrated specialty pharmaceutical company focused on the development, acquisition and marketing of innovative, acute care and critical care hospital/specialty pharmaceutical products. Questcor Pharmaceuticals, Inc. has a market cap of $1.46 billion; its shares were traded at around $25.05 with a P/E ratio of 9.52 and P/S ratio of 6.71. The dividend yield of Questcor Pharmaceuticals, Inc. stocks is 0.8%.

Sold Out: Carnival Corporation (CCL)

First Pacific Advisors sold out his holdings in Carnival Corporation. His sale prices were between $31.89 and $37.95, with an estimated average price of $34.48. Carnival Corporation is one of the world's largest multiple-night cruise companies. Carnival Corporation has a market cap of $23.28 billion; its shares were traded at around $39.16 with a P/E ratio of 19.29 and P/S ratio of 1.47. The dividend yield of Carnival Corporation stocks is 2.55%. Carnival Corporation had an annual average earnings growth of 10.4% over the past 10 years.

Sold Out: Brookfield Real Est (BREUF)

First Pacific Advisors sold out his holdings in Brookfield Real Est. His sale prices were between $11.68 and $13.88, with an estimated average price of $12.72. .

Sold Out: Diana Containerships, Inc. (DCIX)

First Pacific Advisors sold out his holdings in Diana Containerships, Inc.. His sale prices were between $5.21 and $7.62, with an estimated average price of $6.2. Diana Containerships Inc. is primarily focused on the worldwide transportation of container cargoes and owns and operates two 3,426 TEU containerships. Diana Containerships, Inc. has a market cap of $189.93 million; its shares were traded at around $5.95 with a P/E ratio of 16.39 and P/S ratio of 7.04. The dividend yield of Diana Containerships, Inc. stocks is 20.34%.

Sold Out: Capitol Federal Financial, Inc. (CFFN)

First Pacific Advisors sold out his holdings in Capitol Federal Financial, Inc.. His sale prices were between $11.54 and $12, with an estimated average price of $11.85. Capitol Federal Financial is a federally chartered mid-tier holding company. Capitol Federal Financial, Inc. has a market cap of $1.86 billion; its shares were traded at around $11.8 with a P/E ratio of 25.06 and P/S ratio of 5.27. The dividend yield of Capitol Federal Financial, Inc. stocks is 2.55%.

Added: Rosetta Resources, Inc. (ROSE)

First Pacific Advisors added to his holdings in Rosetta Resources, Inc. by 3087.85%. His purchase prices were between $36.56 and $49.74, with an estimated average price of $42.82. The impact to his portfolio due to this purchase was 1.74%. His holdings were 3,069,900 shares as of 09/30/2012. Rosetta Resources Inc. is an independent oil and gas company engaged in the acquisition, exploration, development and production of primarily natural gas properties in North America. Rosetta Resources, Inc. has a market cap of $2.47 billion; its shares were traded at around $46.71 with a P/E ratio of 17.49 and P/S ratio of 5.54.

Added: Carefusion Corp (CFN)

First Pacific Advisors added to his holdings in Carefusion Corp by 33.26%. His purchase prices were between $24.01 and $28.63, with an estimated average price of $26.09. The impact to his portfolio due to this purchase was 0.42%. His holdings were 4,923,900 shares as of 09/30/2012. CareFusion is a global corporation serving the health care industry with products and services that help hospitals measurably improve the safety and quality of care. Carefusion Corp has a market cap of $6 billion; its shares were traded at around $27.05 with a P/E ratio of 15.28 and P/S ratio of 1.67.

Added: Health Net Inc (HNT)

First Pacific Advisors added to his holdings in Health Net Inc by 289.23%. His purchase prices were between $17.97 and $26.89, with an estimated average price of $23.08. The impact to his portfolio due to this purchase was 0.41%. His holdings were 1,977,300 shares as of 09/30/2012. Health Net, Inc. is an integrated managed care organization which administers the delivery of managed health care services. Health Net Inc has a market cap of $2.1 billion; its shares were traded at around $25.73 with a P/E ratio of 11.38 and P/S ratio of 0.18.

Added: Interpublic Group Of Cos Inc (IPG)

First Pacific Advisors added to his holdings in Interpublic Group Of Cos Inc by 62.5%. His purchase prices were between $9.67 and $11.75, with an estimated average price of $10.91. The impact to his portfolio due to this purchase was 0.38%. His holdings were 7,415,200 shares as of 09/30/2012. The Interpublic Group of Companies, Inc.'s is one of the world's organizations of advertising agencies and marketing services companies. Interpublic Group Of Cos Inc has a market cap of $4.35 billion; its shares were traded at around $9.96 with a P/E ratio of 13.11 and P/S ratio of 0.62. The dividend yield of Interpublic Group Of Cos Inc stocks is 2.41%. Interpublic Group Of Cos Inc had an annual average earnings growth of 0.2% over the past 10 years.

Added: Analog Devices Inc (ADI)

First Pacific Advisors added to his holdings in Analog Devices Inc by 25.12%. His purchase prices were between $35.83 and $41.68, with an estimated average price of $38.98. The impact to his portfolio due to this purchase was 0.36%. His holdings were 3,617,100 shares as of 09/30/2012. Analog Devices, Inc. is one of the world leaders in the design, manufacture and marketing of high-performance analog, mixed-signal and digital signal processing integrated circuits used in signal processing applications. Analog Devices Inc has a market cap of $12.04 billion; its shares were traded at around $40.28 with a P/E ratio of 18.73 and P/S ratio of 4.02. The dividend yield of Analog Devices Inc stocks is 2.98%. Analog Devices Inc had an annual average earnings growth of 13.6% over the past 10 years. GuruFocus rated Analog Devices Inc the business predictability rank of 4-star.

Added: Oracle Corporation (ORCL)

First Pacific Advisors added to his holdings in Oracle Corporation by 15.6%. His purchase prices were between $28.81 and $33.03, with an estimated average price of $30.95. The impact to his portfolio due to this purchase was 0.28%. His holdings were 5,374,300 shares as of 09/30/2012. Oracle Corporation is one of the world's suppliers of software for information management. Oracle Corporation has a market cap of $146.26 billion; its shares were traded at around $30.35 with a P/E ratio of 12.7 and P/S ratio of 3.94. The dividend yield of Oracle Corporation stocks is 0.79%. Oracle Corporation had an annual average earnings growth of 18.1% over the past 10 years. GuruFocus rated Oracle Corporation the business predictability rank of 5-star.

Added: American International Group Inc (AIG)

First Pacific Advisors added to his holdings in American International Group Inc by 18.58%. His purchase prices were between $30.17 and $35, with an estimated average price of $32.65. The impact to his portfolio due to this purchase was 0.28%. His holdings were 4,516,700 shares as of 09/30/2012. American International Group, Inc., world leaders in insurance and financial services, is the international insurance organization with operations in more than one hundred thirty countries and jurisdictions. American International Group Inc has a market cap of $52.44 billion; its shares were traded at around $32.17 with a P/E ratio of 7.1 and P/S ratio of 0.88.

Added: Microsoft Corporation (MSFT)

First Pacific Advisors added to his holdings in Microsoft Corporation by 7.66%. His purchase prices were between $28.63 and $31.45, with an estimated average price of $30.23. The impact to his portfolio due to this purchase was 0.25%. His holdings were 9,605,400 shares as of 09/30/2012. Microsoft Corporation develops, manufactures, licenses, sells, and supports software products. Microsoft Corporation has a market cap of $241.69 billion; its shares were traded at around $28.83 with a P/E ratio of 10.92 and P/S ratio of 3.28. The dividend yield of Microsoft Corporation stocks is 2.77%. Microsoft Corporation had an annual average earnings growth of 13.6% over the past 10 years. GuruFocus rated Microsoft Corporation the business predictability rank of 5-star.

Added: Thermo Fisher Scientific Inc (TMO)

First Pacific Advisors added to his holdings in Thermo Fisher Scientific Inc by 10.23%. His purchase prices were between $49.78 and $60.61, with an estimated average price of $55.73. The impact to his portfolio due to this purchase was 0.25%. His holdings were 3,664,600 shares as of 09/30/2012. Thermo Fisher Scientific is the world leader in serving science, enabling our customers to make the world healthier, cleaner and safer. Thermo Fisher Scientific Inc has a market cap of $22.19 billion; its shares were traded at around $60.69 with a P/E ratio of 12.75 and P/S ratio of 1.89. The dividend yield of Thermo Fisher Scientific Inc stocks is 0.86%. Thermo Fisher Scientific Inc had an annual average earnings growth of 16.9% over the past 10 years.

Added: Google, Inc. (GOOG)

First Pacific Advisors added to his holdings in Google, Inc. by 8.19%. His purchase prices were between $570.55 and $755.94, with an estimated average price of $651.43. The impact to his portfolio due to this purchase was 0.2%. His holdings were 293,169 shares as of 09/30/2012. Google Inc. is a technology company that provides a web based search engine through its website. Google, Inc. has a market cap of $216.83 billion; its shares were traded at around $663.03 with a P/E ratio of 20.01 and P/S ratio of 5.72. Google, Inc. had an annual average earnings growth of 51.9% over the past 10 years. GuruFocus rated Google, Inc. the business predictability rank of 2.5-star.

Added: Devry, Inc. (DV)

First Pacific Advisors added to his holdings in Devry, Inc. by 43.14%. His purchase prices were between $18.34 and $31.58, with an estimated average price of $23. The impact to his portfolio due to this purchase was 0.18%. His holdings were 2,085,400 shares as of 09/30/2012. DeVry Inc. owns and operates DeVry Institutes of Technology, DenverTechnical College, Keller Graduate School of Management and Becker Conviser CPA Review. Devry, Inc. has a market cap of $1.6 billion; its shares were traded at around $24.91 with a P/E ratio of 8.65 and P/S ratio of 0.76. The dividend yield of Devry, Inc. stocks is 1.2%. Devry, Inc. had an annual average earnings growth of 17.1% over the past 10 years.

Added: Lowe's Companies Inc. (LOW)

First Pacific Advisors added to his holdings in Lowe's Companies Inc. by 8.07%. His purchase prices were between $24.88 and $30.27, with an estimated average price of $27.39. The impact to his portfolio due to this purchase was 0.15%. His holdings were 5,483,800 shares as of 09/30/2012. Lowe's Companies Inc. is a retailer of home improvement products in the world, with specific emphasis on retail do-it-yourself and commercial business customers. Lowe's Companies Inc. has a market cap of $35.89 billion; its shares were traded at around $31.47 with a P/E ratio of 18.3 and P/S ratio of 0.71. The dividend yield of Lowe's Companies Inc. stocks is 2.03%. Lowe's Companies Inc. had an annual average earnings growth of 6.5% over the past 10 years.

Reduced: Ensco Plc (ESV)

First Pacific Advisors reduced to his holdings in Ensco Plc by 20.47%. His sale prices were between $46.24 and $58.71, with an estimated average price of $53.94. The impact to his portfolio due to this sale was -0.86%. First Pacific Advisors still held 5,734,177 shares as of 09/30/2012. Ensco International plc, formerly ENSCO International Incorporated, is a provider of offshore contract drilling services to the international oil and gas industry. Ensco Plc has a market cap of $12.9 billion; its shares were traded at around $55.62 with a P/E ratio of 11.06 and P/S ratio of 6.3. The dividend yield of Ensco Plc stocks is 2.7%. Ensco Plc had an annual average earnings growth of 14.8% over the past 10 years.

Reduced: Petsmart Inc. (PETM)

First Pacific Advisors reduced to his holdings in Petsmart Inc. by 40.02%. His sale prices were between $65.28 and $71.67, with an estimated average price of $68.71. The impact to his portfolio due to this sale was -0.72%. First Pacific Advisors still held 1,259,500 shares as of 09/30/2012. PETSMART, INC. is a operator of superstores specializing in pet food, supplies and services in the United States. Petsmart Inc. has a market cap of $7.14 billion; its shares were traded at around $65.99 with a P/E ratio of 22.22 and P/S ratio of 1.17. The dividend yield of Petsmart Inc. stocks is 1%. Petsmart Inc. had an annual average earnings growth of 16.7% over the past 10 years. GuruFocus rated Petsmart Inc. the business predictability rank of 4-star.

Reduced: Wal-mart Stores Inc (WMT)

First Pacific Advisors reduced to his holdings in Wal-mart Stores Inc by 27.79%. His sale prices were between $69.72 and $75.13, with an estimated average price of $73.14. The impact to his portfolio due to this sale was -0.69%. First Pacific Advisors still held 2,088,000 shares as of 09/30/2012. Wal-Mart Stores, Inc. is the world's largest retailer. Wal-mart Stores Inc has a market cap of $243.07 billion; its shares were traded at around $72.31 with a P/E ratio of 15.45 and P/S ratio of 0.54. The dividend yield of Wal-mart Stores Inc stocks is 2.2%. Wal-mart Stores Inc had an annual average earnings growth of 11.3% over the past 10 years. GuruFocus rated Wal-Mart Stores Inc the business predictability rank of 5-star.

Here is the complete portfolio of First Pacific Advisors. Also check out:

1. First Pacific Advisors' Undervalued Stocks

2. First Pacific Advisors' Top Growth Companies, and

3. First Pacific Advisors' High Yield stocks


Rating: 2.3/5 (3 votes)

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