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First Pacific Advisors’ Major Selling and Reductions in Second Quarter

Sally Jones

Sally Jones

49 followers
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:

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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:

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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%.

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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:

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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:

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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:

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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.



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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 2.3/5 (4 votes)

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