First Pacific Advisors, LP 13F holdings and portfolio analysis

ReadyFirst Pacific Advisors · FPA Crescent Fund

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Baseline

Analysis messages
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Baselinetested
Strategy Q&A reference3 reference Q&A

Pre-generated Q&A about this fund. Use as reference context for your own analysis.

baseline13FChat AI
What does directly following First Pacific Advisors, LP expose an investor to as of 2026-03-31?

The baseline is a direct read-through of the disclosed fund portfolio. It is led by ADI (Analog Devices, Inc.) 8.96%, GOOGL (Alphabet Inc.) 7.91%, and IFF (International Flavors & Fragrances Inc.) 6.42%, with sector exposure of Communication Services 22.17%, Information Technology 18.98%, and Financials 16.47%. The baseline metrics show return 12.39%, alpha -1.74%, beta 1.07, Sharpe 0.67, Sortino 0.82, and max drawdown -42.21%, so this should be treated as an equity exposure with its own concentration and timing risk rather than a neutral benchmark clone.

Compare the baseline holdings with the benchmark sector weights and identify the largest active risks.
baseline13FChat AI
Did the latest disclosed rebalance increase concentration, sector risk, or style tilt?

The latest change list shows ADI unchanged to 8.96%; GOOGL unchanged to 7.91%; IFF unchanged to 6.42%. Combined with top 5 35.54%, top 10 58.94%, top 20 81.94%, that tells the user whether the baseline is becoming more concentrated or simply refreshing existing exposure. For a static page, this is the best first check before deciding whether the raw disclosed book is still acceptable.

Review the latest additions, reductions, and exits against the fund mandate and benchmark.
baseline13FChat AI
Which holdings or sectors dominate the baseline risk profile?

Concentration is the first item to inspect: top 5 35.54%, top 10 58.94%, top 20 81.94%. The largest names are ADI (Analog Devices, Inc.) 8.96%, GOOGL (Alphabet Inc.) 7.91%, IFF (International Flavors & Fragrances Inc.) 6.42%, META (Meta Platforms, Inc.) 6.36%, and C 5.89%, and the largest sector exposures are Communication Services 22.17%, Information Technology 18.98%, and Financials 16.47%. If those exposures reverse, baseline performance can diverge sharply from a broad index.

Show the top holdings, sector weights, and concentration metrics for the latest disclosed period.
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