FPA Crescent Fund

Fund Profile

Fund profile

Tickers

FPACX, FPCSX, FPFRX

Fund manager

FPA Crescent Fund

Total assets

$10.74 bn

Liabilities

$82.27 mm

Net assets

$10.66 bn

Number of holdings

153.00

153 Holdings

As of Sep 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
META Meta Platforms, Inc.	340.74 mm	595.25 k shares	3.20	Common equity	Long	USA
GOOG Alphabet Inc.	325.10 mm	1.96 mm shares	3.05	Common equity	Long	USA
ADI Analog Devices, Inc.	320.57 mm	1.39 mm shares	3.01	Common equity	Long	USA
Holcim A.G.	302.89 mm	3.11 mm shares	2.84	Common equity	Long	Switzerland
CMCSA Comcast Corporation	296.05 mm	7.09 mm shares	2.78	Common equity	Long	USA
C Citigroup Inc.	278.73 mm	4.45 mm shares	2.61	Common equity	Long	USA
United States Treasury Bill	275.92 mm	276.00 mm principal	2.59	Debt	Long	USA
TEL TE Connectivity Ltd.	272.60 mm	1.81 mm shares	2.56	Common equity	Long	Ireland
IFF International Flavors & Fragrances Inc.	272.44 mm	2.60 mm shares	2.56	Common equity	Long	USA
United States Treasury Note	232.91 mm	231.00 mm principal	2.18	Debt	Long	USA
FPS LLC /	219.39 mm	2.07 mm other units	2.06		Long	USA
Jefferies Group Inc	208.45 mm	3.39 mm shares	1.96	Common equity	Long	USA
WFC Wells Fargo & Company	197.54 mm	3.50 mm shares	1.85	Common equity	Long	USA
AMZN Amazon.com, Inc.	197.13 mm	1.06 mm shares	1.85	Common equity	Long	USA
GOOG Alphabet Inc.	190.57 mm	1.14 mm shares	1.79	Common equity	Long	USA
AON Aon plc	186.87 mm	540.11 k shares	1.75	Common equity	Long	USA
Heineken Holding N.V.	182.38 mm	2.42 mm shares	1.71	Common equity	Long	Netherlands
Safran S.A.	170.23 mm	724.45 k shares	1.60	Common equity	Long	France
Glencore PLC	143.01 mm	25.01 mm shares	1.34	Common equity	Long	Switzerland
Ferguson Plc.	138.82 mm	699.10 k shares	1.30	Common equity	Long	USA
CHTR Charter Communications, Inc.	127.49 mm	393.39 k shares	1.20	Common equity	Long	USA
Prosus N.V.	125.97 mm	2.88 mm shares	1.18	Common equity	Long	Netherlands
JOHNSON & JOHNSON Co. DCP, 10/10/2024 /	124.84 mm	125.00 mm principal	1.17	ABS-asset backed commercial paper	Long	USA
NXPI NXP Semiconductors N.V.	120.93 mm	503.85 k shares	1.13	Common equity	Long	Netherlands
KMX CarMax, Inc.	117.71 mm	1.52 mm shares	1.10	Common equity	Long	USA
KML Kinder Morgan Canada Ltd	116.26 mm	5.26 mm shares	1.09	Common equity	Long	USA
APPLE, Inc. DCP, 11/04/2024 /	114.49 mm	115.00 mm principal	1.07	ABS-asset backed commercial paper	Long	USA
United States Treasury Bill	112.74 mm	113.00 mm principal	1.06	Debt	Long	USA
JDE Peet's N.V.	107.09 mm	5.13 mm shares	1.00	Common equity	Long	Netherlands
Nintendo Co., Ltd.	102.09 mm	1.92 mm shares	0.96	Common equity	Long	Japan
MAR Marriott International, Inc.	100.04 mm	402.42 k shares	0.94	Common equity	Long	USA
APPLE, Inc. DCP, 10/30/2024 /	99.62 mm	100.00 mm principal	0.93	ABS-asset backed commercial paper	Long	USA
United States Treasury Bill	97.22 mm	98.00 mm principal	0.91	Debt	Long	USA
Cie Financiere Richemont S.A.	95.87 mm	606.48 k shares	0.90	Common equity	Long	Switzerland
LPLA LPL Financial Holdings Inc.	95.02 mm	408.47 k shares	0.89	Common equity	Long	USA
APPLE, Inc. DCP, 10/29/2024 /	94.65 mm	95.00 mm principal	0.89	ABS-asset backed commercial paper	Long	USA
United States Treasury Bill	89.57 mm	90.00 mm principal	0.84	Debt	Long	USA
LG Corp.	88.06 mm	1.46 mm shares	0.83	Common equity	Long	Korea, Republic of
United States Treasury Bill	87.82 mm	88.00 mm principal	0.82	Debt	Long	USA
COCA COLA Co. DCP, 10/10/2024 /	86.89 mm	87.00 mm principal	0.82	ABS-asset backed commercial paper	Long	USA
Delivery Hero S.E.	86.75 mm	86.20 mm principal	0.81	Debt	Long	Germany
NESTLE CAPITAL DCP, 12/10/24 /	86.16 mm	87.00 mm principal	0.81	ABS-asset backed commercial paper	Long	USA
United States Treasury Bill	83.00 mm	83.00 mm principal	0.78	Debt	Long	USA
United States Treasury Bill	81.53 mm	82.00 mm principal	0.76	Debt	Long	USA
W Wayfair Inc.	80.55 mm	84.67 mm principal	0.76	Debt	Long	USA
ROCHE HOLDINGS DCP DCP, 10/04/2024 /	79.97 mm	80.00 mm principal	0.75	ABS-asset backed commercial paper	Long	USA
CHEVRON Corp. DCP 11/19/2024 /	79.49 mm	80.00 mm principal	0.75	ABS-asset backed commercial paper	Long	USA
United States Treasury Bill	77.46 mm	78.00 mm principal	0.73	Debt	Long	USA
United States Treasury Bill	75.60 mm	76.00 mm principal	0.71	Debt	Long	USA
NESTLE CAPITAL DCP, 01/10/25 /	74.05 mm	75.00 mm principal	0.69	ABS-asset backed commercial paper	Long	USA
Broadcom Pte. Ltd.	73.30 mm	424.93 k shares	0.69	Common equity	Long	USA
Samsung C&T Corp.	73.19 mm	694.57 k shares	0.69	Common equity	Long	Korea, Republic of
United States Treasury Bill	72.43 mm	73.00 mm principal	0.68	Debt	Long	USA
DEI Douglas Emmett, Inc.	72.40 mm	4.12 mm shares	0.68		Long	USA
United States Treasury Bill	71.71 mm	72.00 mm principal	0.67	Debt	Long	USA
UBER Uber Technologies, Inc.	71.55 mm	951.96 k shares	0.67	Common equity	Long	USA
WAB Westinghouse Air Brake Technologies Corporation	71.24 mm	391.91 k shares	0.67	Common equity	Long	USA
United States Treasury Bill	69.50 mm	70.00 mm principal	0.65	Debt	Long	USA
ROCHE HOLDINGS DCP DCP, 10/02/2024 /	67.99 mm	68.00 mm principal	0.64	ABS-asset backed commercial paper	Long	USA
HWM Howmet Aerospace Inc.	67.65 mm	674.81 k shares	0.63	Common equity	Long	USA
ICLR ICON Public Limited Company	67.21 mm	233.92 k shares	0.63	Common equity	Long	Ireland
United States Treasury Bill	66.93 mm	67.00 mm principal	0.63	Debt	Long	USA
VNO Vornado Realty Trust	65.75 mm	1.67 mm shares	0.62		Long	USA
NESTLE CAPITAL DCP, 12/16/24 /	63.35 mm	64.00 mm principal	0.59	ABS-asset backed commercial paper	Long	USA
United States Treasury Bill	60.14 mm	61.00 mm principal	0.56	Debt	Long	USA
United States Treasury Bill	59.82 mm	60.00 mm principal	0.56	Debt	Long	USA
Pernod Ricard S.A.	59.77 mm	395.97 k shares	0.56	Common equity	Long	France
United States Treasury Bill	56.81 mm	57.00 mm principal	0.53	Debt	Long	USA
MTN Vail Resorts, Inc.	53.70 mm	308.10 k shares	0.50	Common equity	Long	USA
Delivery Hero S.E.	53.49 mm	46.00 mm principal	0.50	Debt	Long	Germany
NATL NCR Atleos Corporation	52.65 mm	1.85 mm shares	0.49	Common equity	Long	USA
PEPSICO, Inc. DCP, 10/03/2024 /	51.98 mm	52.00 mm principal	0.49	ABS-asset backed commercial paper	Long	USA
Nexon Co., Ltd.	51.67 mm	2.62 mm shares	0.48	Common equity	Long	Japan
BIO Bio-Rad Laboratories, Inc.	50.86 mm	152.00 k shares	0.48	Common equity	Long	USA
GPOR Gulfport Energy Corporation	50.72 mm	335.12 k shares	0.48	Common equity	Long	USA
United States Treasury Bill	50.58 mm	51.00 mm principal	0.47	Debt	Long	USA
PFIZER, Inc. DCP, 10/02/2024 /	49.99 mm	50.00 mm principal	0.47	ABS-asset backed commercial paper	Long	USA
APPLE, Inc. DCP, 10/25/2024 /	49.83 mm	50.00 mm principal	0.47	ABS-asset backed commercial paper	Long	USA
United States Treasury Bill	49.70 mm	50.00 mm principal	0.47	Debt	Long	USA
CISCO SYSTEMS, Inc. DCP 11/25/2024 /	49.61 mm	50.00 mm principal	0.47	ABS-asset backed commercial paper	Long	USA
DELL Dell Technologies Inc.	49.61 mm	418.51 k shares	0.47	Common equity	Long	USA
United States Treasury Bill	48.28 mm	49.00 mm principal	0.45	Debt	Long	USA
TOYOTA MOTOR DCP DCP, 02/06/2025 /	48.18 mm	49.00 mm principal	0.45	ABS-asset backed commercial paper	Long	USA
NESTLE CAPITAL DCP, 10/07/24 /	46.96 mm	47.00 mm principal	0.44	ABS-asset backed commercial paper	Long	USA
CHEVRON Corp. DCP 11/14/2024 /	44.72 mm	45.00 mm principal	0.42	ABS-asset backed commercial paper	Long	USA
CB&I STS DELAWARE TERM LOAN /	43.17 mm	42.74 mm principal	0.40	Loan	Long	USA
United States Treasury Bill	39.64 mm	40.00 mm principal	0.37	Debt	Long	USA
United States Treasury Bill	39.60 mm	40.00 mm principal	0.37	Debt	Long	USA
United States Treasury Bill	39.57 mm	40.00 mm principal	0.37	Debt	Long	USA
United States Treasury Bill	39.47 mm	40.00 mm principal	0.37	Debt	Long	USA
PEPSICO, Inc. DCP, 02/14/2025 /	39.27 mm	40.00 mm principal	0.37	ABS-asset backed commercial paper	Long	USA
VYX NCR Voyix Corporation	37.34 mm	2.75 mm shares	0.35	Common equity	Long	USA
Orion Corp./Republic of Korea	35.97 mm	482.50 k shares	0.34	Common equity	Long	Korea, Republic of
United States Treasury Bill	35.59 mm	36.00 mm principal	0.33	Debt	Long	USA
NESTLE CAPITAL DCP, 10/21/24 /	30.91 mm	31.00 mm principal	0.29	ABS-asset backed commercial paper	Long	USA
Eurofins Scientific S.E.	30.23 mm	477.38 k shares	0.28	Common equity	Long	Luxembourg
PEPSICO, Inc. DCP, 01/17/2025 /	29.56 mm	30.00 mm principal	0.28	ABS-asset backed commercial paper	Long	USA
United States Treasury Bill	27.65 mm	28.00 mm principal	0.26	Debt	Long	USA
NESTLE CAPITAL DCP, 12/04/2024 /	24.78 mm	25.00 mm principal	0.23	ABS-asset backed commercial paper	Long	USA
APPLE, Inc. DCP, 10/28/2024 /	23.92 mm	24.00 mm principal	0.22	ABS-asset backed commercial paper	Long	USA
APPLE, Inc. DCP, 11/07/2024 /	23.88 mm	24.00 mm principal	0.22	ABS-asset backed commercial paper	Long	USA
SOUND HOLDING FP LUXEMBORG PRIVATE EQ /	23.59 mm	1.15 mm shares	0.22	Common equity	Long	Luxembourg
SATS EchoStar Corporation	23.17 mm	933.51 k shares	0.22	Common equity	Long	USA
Delivery Hero S.E.	22.25 mm	551.84 k shares	0.21	Common equity	Long	Germany
BFFY829 TRS USD GREEN THUMB (GTBIF) / Normura Securities International	-2.94 mm	2.08 mm contracts	0.20	Equity derivative	N/A	USA
NFLX Netflix, Inc.	20.60 mm	29.04 k shares	0.19	Common equity	Long	USA
Swire Pacific Ltd. - A Shares	18.67 mm	2.19 mm shares	0.18	Common equity	Long	Hong Kong
ZG Zillow Group Inc.	18.15 mm	12.34 mm principal	0.17	Debt	Long	USA
SCHW The Charles Schwab Corporation	18.09 mm	18.98 mm principal	0.17	Preferred equity	Long	USA
LEALAND FINANCE Co. B.V. LETTER OF CREDIT /	17.63 mm	31.49 mm principal	0.17	Loan	Long	USA
FBIN Fortune Brands Innovations, Inc.	14.56 mm	162.64 k shares	0.14	Common equity	Long	USA
CHEVRON Corp. DCP 12/19/2024 /	14.35 mm	14.50 mm principal	0.13	ABS-asset backed commercial paper	Long	USA
PCG+A Pacific Gas & Electric Co.	14.25 mm	720.71 k shares	0.13	Common equity	Long	USA
Lealand Finance Co. B.V.	13.29 mm	39.08 mm principal	0.12	Loan	Long	Netherlands
MSILF Treasury Portfolio - Class Institutional	12.81 mm	12.81 mm principal	0.12	Short-term investment vehicle	Long	USA
FOOTPATH VENTURES SPV IV LP /	12.57 mm	150.00 k other units	0.12		Long	USA
Eleven Madison Trust 2015-11MD Mortgage Trust	12.34 mm	12.68 mm principal	0.12	ABS-mortgage backed security	Long	USA
HLF Herbalife Nutrition Ltd.	11.71 mm	1.63 mm shares	0.11	Common equity	Long	USA
Just Eat Takeaway.com N.V.	9.70 mm	646.50 k shares	0.09	Common equity	Long	Netherlands
FPS SHELBY HOLDCO I LLC /	8.88 mm	107.80 k other units	0.08		Long	USA
EPIC GAMES, INC. PRIVATE COMMON STOCK /	8.81 mm	33.13 k shares	0.08	Common equity	Long	USA
Vornado Realty LP	8.74 mm	8.82 mm principal	0.08	Debt	Long	USA
MCDERMOTT INTERNATIO Ltd. AI CONTRA CUSIP /	8.28 mm	41.41 mm shares	0.08	Common equity	Long	Bermuda
Vornado Realty LP	8.18 mm	8.62 mm principal	0.08	Debt	Long	USA
BFZ0292 TRS CAD TRULIEVE CNS TRULCN / Normura Securities International	1.71 mm	521.51 k contracts	0.06	Equity derivative	N/A	Canada
ALTABA, Inc. ESCROW SHS ORD REG /	5.85 mm	4.76 mm shares	0.05	Common equity	Long	USA
BMCJKX1 TRS CAD VERANO VRNO CN / Normura Securities International	-115.39 k	1.62 mm contracts	0.05	Equity derivative	N/A	Canada
MCDERMOTT INTERNATIO Ltd. PREF SHARES /	5.10 mm	26.29 k shares	0.05	Common equity	Long	USA
McDermott Tanks Escrow LC 12/31/26 /	4.07 mm	7.27 mm principal	0.04	Loan	Long	USA
W Wayfair Inc.	3.99 mm	4.28 mm principal	0.04	Debt	Long	USA
Mcdermott International Ltd.	2.82 mm	14.12 mm shares	0.03	Common equity	Long	USA
BGPVCY7 TRS CAD CRESCO LABS CL CN / Normura Securities International	11.83 k	1.60 mm contracts	0.02	Equity derivative	N/A	Canada
SCHW The Charles Schwab Corporation	2.48 mm	2.59 mm principal	0.02	Preferred equity	Long	USA
Vision Solutions, Inc.	2.45 mm	2.52 mm principal	0.02	Loan	Long	USA
Cornerstone OnDemand, Inc.	2.36 mm	2.52 mm principal	0.02	Loan	Long	USA
ZG Zillow Group Inc.	1.90 mm	1.70 mm principal	0.02	Debt	Long	USA
GACP II LP GACP II LP /	1.77 mm	958.31 k other units	0.02		Long	USA
LEALAND REFICAR TERM LOAN /	1.67 mm	2.57 mm principal	0.02	Loan	Long	USA
Delivery Hero S.E.	1.51 mm	1.60 mm principal	0.01	Debt	Long	Germany
GPOR Gulfport Energy Corporation	1.19 mm	1.35 k shares	0.01	Preferred equity	Long	USA
MTAL MAC Copper Ltd	763.45 k	55.12 k shares	0.01	Common equity	Long	Australia
Lealand Finance Co. B.V.	537.11 k	1.07 mm principal	0.01	Loan	Long	Netherlands
U.S. FARMING REALTY TRUST II COM STOCK /	494.32 k	120.00 k other units	0.00		Long	USA
MCDERMOTT INTERNATIO Ltd. QIB/AI CTRACUSIP /	210.77 k	1.05 mm shares	0.00	Common equity	Long	Bermuda
ROSS Ross Acquisition Corp II - Ordinary Shares	6.95 k	77.07 k contracts	0.00	Equity derivative	N/A	USA
NSTD Northern Star Investment Corp. IV	70.91	70.91 k contracts	0.00	Equity derivative	N/A	USA
SOUTH KOREAN WON /	0	3.00 other units	0.00	Short-term investment vehicle	Long	Korea, Republic of
MRDB MariaDB plc	0	316.05 k contracts	0.00	Equity derivative	N/A	USA
ELIQQ Electriq Power Holdings, Inc.	0	414.33 k contracts	0.00	Equity derivative	N/A	USA
PERSHING SQUARE TONT SHS /	0	457.18 k shares	0.00	Common equity	Long	USA
EURO CURRENCY /	-148.33	-133.26 other units	-0.00	Short-term investment vehicle	Short	XX
SPY SPDR S&P 500 ETF Trust	-10.71 mm	-18.67 k shares	-0.10		Short	USA
LEALAND FINANCE Co. B.V. SENIOR EXIT LC /	-11.63 mm	-26.42 mm principal	-0.11	Loan	Short	USA