What did First Pacific Advisors buy in Q2 2025?

First Pacific Advisors opened 7 new positions (SATS 3.875 11/30/30, TMO, VIPS, MRVI, DAR) and added to 6 existing holdings in the Q2 2025 13F.

What did First Pacific Advisors sell in Q2 2025?

First Pacific Advisors exited 1 position (SHC) and trimmed 4.

What First Pacific Advisors bought and sold in Q2 2025

In Q2 2025, First Pacific Advisors (First Pacific Advisors) opened 7 new positions — including SATS 3.875 11/30/30 (0.7%), TMO (0.5%), VIPS (<0.1%), added to 6, trimmed 4, exited 1 (SHC). The book stood at $6.99B across 63 positions, filed Aug 1, 2025.

7New6Added4Trimmed1Exited

Share𝕏 in

New positions (7)

SATS 3.875 11/30/30Echostar Corp0.7% · $47M
TMOThermo Fisher Scientific Inc0.5% · $35M
VIPSVipshop Holdings Ltd - Adr<0.1% · $3M
MRVIMaravai Lifesciences Hldgs-a<0.1% · $2M
DARDarling Ingredients Inc<0.1% · $2M
ASLEAersale Corp<0.1% · $2M
AVTRAvantor Inc<0.1% · $1M

Added to (6)

MTNVail Resorts Inc+23% shares · 2.2% · $156M
ICLRIcon Plc+76% shares · 2.0% · $140M
FBINFortune Brands Innovations I+152% shares · 1.5% · $103M
NOVNov Inc+101% shares · 1.2% · $87M
SATSEchostar Corp-a+37% shares · 0.6% · $40M
RSVRReservoir Media Inc+4906% shares · <0.1% · $3M

Trimmed (4)

WFCWells Fargo & CO-23% shares · 2.3% · $163M
HWMHowmet Aerospace Inc-30% shares · 1.1% · $80M
GPORGulfport Energy Corp-42% shares · 0.5% · $35M
AVGOBroadcom Inc-39% shares · 0.5% · $33M

Exited (1)

SHCSotera Health COwas <0.1% of book

First Pacific Advisors's other filings

Q1 2026 changes Q4 2025 changes Q3 2025 changes Q1 2025 changes Q4 2024 changes

First Pacific Advisors's full portfolio →The whole cohort in Q2 2025 →

Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.