First Pacific Advisors, LP 13F: Quarter-over-Quarter Portfolio Changes
First Pacific Advisors, LP reported a disclosed portfolio value of approximately $8.1 billion in its latest SEC Form 13F-HR filing for Q2 2026, up 13.3% quarter on quarter. Over the quarter, the manager initiated 9 new positions, bought more shares in 30 holdings, trimmed 18 holdings, and exited 20 positions.
First Pacific Advisors, LP's top buy was a new stake in Echostar CORP (SYN_278768AB2) , equal to 1.4% of the disclosed portfolio. Its top sell was Echostar CORP (ECHO 3.875 11/30/30) . The manager exited the position completely after it had accounted for 1.8% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| ECHOSTAR CORP | SYN_278768AB2 | 1.4% | Holders → |
| DANAHER CORP DEL | DHR | 1.3% | Holders → |
| INTUIT | INTU | 1.1% | Holders → |
| SAP SE SPON ADR | SAP | 1.1% | Holders → |
| GE HEALTHCARE TECHNOLOGIES I | GEHC | 0.7% | Holders → |
| INVESTMENT MANAGERS SER TR I | FPAG | 0.1% | Holders → |
| WAYFAIR INC | SYN_94419LAF8 | 0.1% | Holders → |
| INVESTMENT MANAGERS SER TR I | FPAS | 0.0% | Holders → |
| WILLIS LEASE FIN CORP | WLFC | 0.0% | Holders → |
Top BuysQ2 2026
Showing the top 10 buys among 30 existing positions where the manager bought more shares in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| ISHARES TR | HYBB | +0.0% | +2524.6% | Holders → |
| GALLAGHER ARTHUR J & CO | AJG | +2.6% | +244.7% | History → |
| VANGUARD INSTL INDEX FD | VBIL | +0.1% | +188.7% | Holders → |
| PAYPAL HLDGS INC | PYPL | +0.3% | +53.6% | Holders → |
| CNH INDL N V | CNH | +0.3% | +48.6% | Holders → |
| MAGNUM ICE CREAM CO NV | MICC | +0.2% | +31.8% | Holders → |
| VANGUARD INTL EQUITY INDEX F | VT | +0.0% | +25.6% | Holders → |
| BAXTER INTL INC | BAX | +0.4% | +13.7% | Holders → |
| THERMO FISHER SCIENTIFIC INC | TMO | +0.0% | +11.9% | Holders → |
| MARSH & MCLENNAN COS INC | MRSH | +-0.0% | +11.5% | Holders → |
Top SellsQ2 2026
Showing the top 10 sells among 18 existing positions where the manager sold shares in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| MARRIOTT INTERNATIONAL, INC CLASS A | MAR | -1.0% | 92.1% | Holders → |
| NCR ATLEOS CORPORATION | NATL | -0.0% | 54.9% | Holders → |
| ICON PUB LTD CO | ICLR | -0.2% | 38.8% | Holders → |
| WABTEC | WAB | -0.3% | 27.5% | Holders → |
| PAR PAC HOLDINGS INC | PARR | -0.0% | 27.4% | Holders → |
| ALPHABET INC-CL A | GOOGL | -0.6% | 16.3% | History → |
| NXP SEMICONDUCTORS N V | NXPI | 0.3% | 10.5% | Holders → |
| WELLS FARGO & CO | WFC | -0.2% | 10.1% | Holders → |
| TIDEWATER INC NEW | TDW | -0.0% | 7.4% | Holders → |
| ANALOG DEVICES INC | ADI | 0.2% | 7.2% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| ECHOSTAR CORP | ECHO 3.875 11/30/30 | 1.8% |
| DELL TECHNOLOGIES INC | DELL | 0.9% |
| KINDER MORGAN INC DEL | KMI | 0.6% |
| SPDR GOLD TR | GLD | 0.1% |
| WAYFAIR INC | W 1 08/15/26 | 0.1% |
| FRANCO NEV CORP | FNV | 0.0% |
| CHEVRON CORPORATION | CVX | 0.0% |
| ROSS STORES INC | ROST | 0.0% |
| TESLA INC | TSLA | 0.0% |
| EMERSON ELEC CO | EMR | 0.0% |
| DOLLAR GEN CORP | DG | 0.0% |
| OREILLY AUTOMOTIVE INC | ORLY | 0.0% |
| ENVISTA HOLDINGS CORPORATION | NVST | 0.0% |
| DISNEY WALT CO | DIS | 0.0% |
| SCHEIN HENRY INC | HSIC | 0.0% |
| WW GRAINGER INC | GWW | 0.0% |
| MCDONALDS CORP | MCD | 0.0% |
| CORPAY INC | CPAY | 0.0% |
| SCOTTS MIRACLE-GRO CO | SMG | 0.0% |
| EASTERN BANKSHARES INC | EBC | 0.0% |
Net Portfolio Value ChangeQ2 2026
- $7.1BPrior quarter
- $8.1BCurrent quarter
- +$1.0BNet delta
- +13.3%% change
Methodology & FAQ
How First Pacific Advisors, LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for First Pacific Advisors, LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did First Pacific Advisors, LP buy in Q2 2026?
In Q2 2026, First Pacific Advisors, LP initiated 9 new positions (ECHOSTAR CORP (SYN_278768AB2), DANAHER CORP DEL (DHR), INTUIT (INTU), SAP SE SPON ADR (SAP), GE HEALTHCARE TECHNOLOGIES I (GEHC), INVESTMENT MANAGERS SER TR I (FPAG), WAYFAIR INC (SYN_94419LAF8), INVESTMENT MANAGERS SER TR I (FPAS), WILLIS LEASE FIN CORP (WLFC)); bought more shares of ISHARES TR (HYBB), GALLAGHER ARTHUR J & CO (AJG), VANGUARD INSTL INDEX FD (VBIL), PAYPAL HLDGS INC (PYPL), CNH INDL N V (CNH) (the largest 5 of 30 adds).
What stocks did First Pacific Advisors, LP sell in Q2 2026?
In Q2 2026, First Pacific Advisors, LP fully sold 20 positions (ECHOSTAR CORP (ECHO 3.875 11/30/30), DELL TECHNOLOGIES INC (DELL), KINDER MORGAN INC DEL (KMI), SPDR GOLD TR (GLD), WAYFAIR INC (W 1 08/15/26), FRANCO NEV CORP (FNV), CHEVRON CORPORATION (CVX), ROSS STORES INC (ROST), TESLA INC (TSLA), EMERSON ELEC CO (EMR), DOLLAR GEN CORP (DG), OREILLY AUTOMOTIVE INC (ORLY), ENVISTA HOLDINGS CORPORATION (NVST), DISNEY WALT CO (DIS), SCHEIN HENRY INC (HSIC), WW GRAINGER INC (GWW), MCDONALDS CORP (MCD), CORPAY INC (CPAY), SCOTTS MIRACLE-GRO CO (SMG), EASTERN BANKSHARES INC (EBC)); reduced holdings in MARRIOTT INTERNATIONAL, INC CLASS A (MAR), NCR ATLEOS CORPORATION (NATL), ICON PUB LTD CO (ICLR), WABTEC (WAB), PAR PAC HOLDINGS INC (PARR) (the largest 5 of 18 reductions).
Which positions did First Pacific Advisors, LP initiate in Q2 2026?
First Pacific Advisors, LP established 9 new positions in Q2 2026: ECHOSTAR CORP (SYN_278768AB2, 1.4%), DANAHER CORP DEL (DHR, 1.3%), INTUIT (INTU, 1.1%), SAP SE SPON ADR (SAP, 1.1%), GE HEALTHCARE TECHNOLOGIES I (GEHC, 0.7%), INVESTMENT MANAGERS SER TR I (FPAG, 0.1%), WAYFAIR INC (SYN_94419LAF8, 0.1%), INVESTMENT MANAGERS SER TR I (FPAS, 0.0%), WILLIS LEASE FIN CORP (WLFC, 0.0%).
Which existing positions saw the largest allocation increases for First Pacific Advisors, LP in Q2 2026?
Of 30 existing positions with share-count increases in Q2 2026, the largest were: ISHARES TR (HYBB, +0.0% weight, +2524.6% shares), GALLAGHER ARTHUR J & CO (AJG, +2.6% weight, +244.7% shares), VANGUARD INSTL INDEX FD (VBIL, +0.1% weight, +188.7% shares), PAYPAL HLDGS INC (PYPL, +0.3% weight, +53.6% shares), CNH INDL N V (CNH, +0.3% weight, +48.6% shares), MAGNUM ICE CREAM CO NV (MICC, +0.2% weight, +31.8% shares), VANGUARD INTL EQUITY INDEX F (VT, +0.0% weight, +25.6% shares), BAXTER INTL INC (BAX, +0.4% weight, +13.7% shares), THERMO FISHER SCIENTIFIC INC (TMO, +0.0% weight, +11.9% shares), MARSH & MCLENNAN COS INC (MRSH, +-0.0% weight, +11.5% shares).
Which positions did First Pacific Advisors, LP fully exit in Q2 2026?
First Pacific Advisors, LP fully exited 20 positions in Q2 2026: ECHOSTAR CORP (ECHO 3.875 11/30/30, last-reported weight 1.8%), DELL TECHNOLOGIES INC (DELL, last-reported weight 0.9%), KINDER MORGAN INC DEL (KMI, last-reported weight 0.6%), SPDR GOLD TR (GLD, last-reported weight 0.1%), WAYFAIR INC (W 1 08/15/26, last-reported weight 0.1%), FRANCO NEV CORP (FNV, last-reported weight 0.0%), CHEVRON CORPORATION (CVX, last-reported weight 0.0%), ROSS STORES INC (ROST, last-reported weight 0.0%), TESLA INC (TSLA, last-reported weight 0.0%), EMERSON ELEC CO (EMR, last-reported weight 0.0%), DOLLAR GEN CORP (DG, last-reported weight 0.0%), OREILLY AUTOMOTIVE INC (ORLY, last-reported weight 0.0%), ENVISTA HOLDINGS CORPORATION (NVST, last-reported weight 0.0%), DISNEY WALT CO (DIS, last-reported weight 0.0%), SCHEIN HENRY INC (HSIC, last-reported weight 0.0%), WW GRAINGER INC (GWW, last-reported weight 0.0%), MCDONALDS CORP (MCD, last-reported weight 0.0%), CORPAY INC (CPAY, last-reported weight 0.0%), SCOTTS MIRACLE-GRO CO (SMG, last-reported weight 0.0%), EASTERN BANKSHARES INC (EBC, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for First Pacific Advisors, LP in Q2 2026?
Of 18 existing positions with share-count reductions in Q2 2026, the largest were: MARRIOTT INTERNATIONAL, INC CLASS A (MAR, -1.0% weight, -92.1% shares), NCR ATLEOS CORPORATION (NATL, -0.0% weight, -54.9% shares), ICON PUB LTD CO (ICLR, -0.2% weight, -38.8% shares), WABTEC (WAB, -0.3% weight, -27.5% shares), PAR PAC HOLDINGS INC (PARR, -0.0% weight, -27.4% shares), ALPHABET INC-CL A (GOOGL, -0.6% weight, -16.3% shares), NXP SEMICONDUCTORS N V (NXPI, 0.3% weight, -10.5% shares), WELLS FARGO & CO (WFC, -0.2% weight, -10.1% shares), TIDEWATER INC NEW (TDW, -0.0% weight, -7.4% shares), ANALOG DEVICES INC (ADI, 0.2% weight, -7.2% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.