13F portfolio / Investment manager
First Pacific Advisors
Steven Romick (CEO of the general partner)
The firm is based in El Segundo, CA, according to its SEC filings.
Its earliest 13F holdings report on SEC EDGAR was filed in February 2007.
SEC Form ADV lists Steven T. Romick as director and chief executive officer of the general partner.
The 13F shows long US-listed stock and option positions only. It leaves out short positions, cash, bonds and most non-US holdings.
- Reported 13F value
- $8.1B
- Positions
- 74
- Est. 1-yearEstimate
- +18.1%SPY +15.7%
- Est. 3-year, annualizedEstimate
- +23.5%SPY +22.8%
As of Jun 30, 2026 · filed Aug 14, 2026
Holdings
7 new · 25 added · 16 trimmed · 26 unchanged · 18 sold out
| 1 | ADI on Yahoo Finance (opens in a new tab) | Analog Devices IncCOM | 7.9% | $635M | 1,598,506 | Trimmed -7.2% | $169.48* | $399.04 | +135.4% |
| 2 | GOOGL on Yahoo Finance (opens in a new tab) | Alphabet IncCAP STK CL A | 6.2% | $503M | 1,408,518 | Trimmed -16.3% | $133.06* | $341.57 | +156.7% |
| 3 | GOOG on Yahoo Finance (opens in a new tab) | Alphabet IncCAP STK CL C | 5.8% | $471M | 1,333,205 | Unchanged | $133.95* | $337.82 | +152.2% |
| 4 | IFF on Yahoo Finance (opens in a new tab) | International Flavors&FragraCOM | 5.3% | $432M | 5,455,081 | Added +0.8% | $65.05* | $89.91 | +38.2% |
| 5 | C on Yahoo Finance (opens in a new tab) | Citigroup IncCOM NEW | 5.2% | $422M | 3,016,828 | Trimmed -5.0% | $38.84* | $123.71 | +218.5% |
| 6 | META on Yahoo Finance (opens in a new tab) | Meta Platforms IncCL A | 4.7% | $383M | 679,884 | Unchanged | $298.26* | $706.95 | +137.0% |
| 7 | AMZN on Yahoo Finance (opens in a new tab) | Amazon Com IncCOM | 4.0% | $324M | 1,360,585 | Trimmed -3.9% | $136.89* | $249.20 | +82.0% |
| 8 | BDX on Yahoo Finance (opens in a new tab) | Becton Dickinson & CoCOM | 4.0% | $319M | 2,110,794 | Added +6.6% | $144.62 | $190.79 | +31.9% |
| 9 | TEL on Yahoo Finance (opens in a new tab) | Te Connectivity PLCORD SHS | 3.9% | $313M | 1,551,105 | Trimmed -6.0% | $145.31 | $211.84 | +45.8% |
| 10 | AJG on Yahoo Finance (opens in a new tab) | Gallagher Arthur J & CoCOM | 3.8% | $307M | 1,336,290 | Added +244.7% | $216.44 | $251.64 | +16.3% |
| 11 | AON on Yahoo Finance (opens in a new tab) | Aon PLCSHS CL A | 2.8% | $226M | 681,367 | Trimmed -3.1% | $326.86* | $289.88 | -11.3% |
| 12 | CMCSA on Yahoo Finance (opens in a new tab) | Comcast Corp NewCL A | 2.6% | $213M | 8,676,664 | Added +1.0% | $36.67* | $21.95 | -40.1% |
| 13 | FBIN on Yahoo Finance (opens in a new tab) | Fortune Brands Innovations ICOM | 2.6% | $210M | 3,825,269 | Added +0.9% | $54.85 | $39.60 | -27.8% |
| 14 | NXPI on Yahoo Finance (opens in a new tab) | NXP Semiconductors N VCOM | 2.4% | $193M | 688,107 | Trimmed -10.5% | $190.24* | $231.49 | +21.7% |
| 15 | FERG on Yahoo Finance (opens in a new tab) | Ferguson Enterprises IncCOMMON STOCK NEW | 2.3% | $187M | 786,822 | Trimmed -3.7% | $192.10 | $230.19 | +19.8% |
| 16 | MTN on Yahoo Finance (opens in a new tab) | Vail Resorts IncCOM | 2.2% | $178M | 1,304,959 | Added +10.9% | $150.32 | $151.35 | +0.7% |
| 17 | AMRZ on Yahoo Finance (opens in a new tab) | Amrize LtdSHS | 2.1% | $169M | 3,177,325 | Added +1.0% | $50.43 | $37.79 | -25.1% |
| 18 | BAX on Yahoo Finance (opens in a new tab) | Baxter Intl IncCOM | 2.0% | $162M | 7,618,145 | Added +13.7% | $19.25 | $25.26 | +31.3% |
| 19 | KMX on Yahoo Finance (opens in a new tab) | Carmax IncCOM | 2.0% | $159M | 3,008,564 | Added +0.9% | $72.33* | $52.64 | -27.2% |
| 20 | — | Liberty Broadband CorpCOM SER C | 1.9% | $154M | 4,641,753 | Unchanged | — | — | — |
| 21 | JEF on Yahoo Finance (opens in a new tab) | Jefferies Financial Group InCOM | 1.7% | $135M | 2,704,265 | Added +4.6% | $34.95* | $44.63 | +27.7% |
| 22 | TMO on Yahoo Finance (opens in a new tab) | Thermo Fisher Scientific IncCOM | 1.5% | $124M | 248,244 | Added +11.9% | $450.93 | $686.14 | +52.2% |
| 23 | NOV on Yahoo Finance (opens in a new tab) | Nov IncCOM | 1.5% | $119M | 6,392,388 | Added +1.1% | $13.32 | $18.85 | +41.6% |
| 24 | BIO on Yahoo Finance (opens in a new tab) | Bio Rad Labs IncCL A | 1.5% | $118M | 401,861 | Trimmed -1.3% | $303.59 | $353.91 | +16.6% |
| 25 | — | Echostar CorpNOTE 3.875%11/3 | 1.4% | $114M | 36,570,974 prn | Unchanged | — | — | — |
| 26 | DHR on Yahoo Finance (opens in a new tab) | Danaher Corp DelCOM | 1.3% | $108M | 564,781 | New | $180.89 | $229.01 | +26.6% |
| 27 | ICLR on Yahoo Finance (opens in a new tab) | ICON Pub Ltd CoSHS | 1.3% | $105M | 606,523 | Trimmed -38.8% | $197.39* | $170.14 | -13.8% |
| 28 | DEI on Yahoo Finance (opens in a new tab) | Douglas Emmett IncCOM | 1.3% | $103M | 8,743,999 | Added +1.2% | $10.74* | $9.68 | -9.9% |
| 29 | WAT on Yahoo Finance (opens in a new tab) | Waters CorpCOM | 1.2% | $101M | 268,164 | Unchanged | $342.13 | $434.07 | +26.9% |
| 30 | PYPL on Yahoo Finance (opens in a new tab) | PayPal Hldgs IncCOM | 1.1% | $92M | 2,137,851 | Added +53.6% | $46.97 | $56.94 | +21.2% |
| 31 | LPLA on Yahoo Finance (opens in a new tab) | LPL Finl Hldgs IncCOM | 1.1% | $90M | 321,244 | Unchanged | $237.78* | $320.48 | +34.8% |
| 32 | INTU on Yahoo Finance (opens in a new tab) | IntuitCOM | 1.1% | $87M | 331,964 | New | $345.09 | $322.44 | -6.6% |
| 33 | SAP on Yahoo Finance (opens in a new tab) | SAP SeSPON ADR | 1.1% | $86M | 555,426 | New | $169.46 | $222.49 | +31.3% |
| 34 | AVTR on Yahoo Finance (opens in a new tab) | Avantor IncCOM | 1.0% | $81M | 8,190,740 | Added +1.3% | $11.31 | $16.03 | +41.8% |
| 35 | CNH on Yahoo Finance (opens in a new tab) | CNH Indl N VSHS | 1.0% | $80M | 7,148,586 | Added +48.6% | $10.96 | $11.56 | +5.6% |
| 36 | UBER on Yahoo Finance (opens in a new tab) | Uber Technologies IncCOM | 0.9% | $70M | 976,544 | Added +0.7% | $48.67* | $69.99 | +43.8% |
| 37 | VNO on Yahoo Finance (opens in a new tab) | Vornado Rlty TrSH BEN INT | 0.8% | $66M | 1,683,761 | Unchanged | $22.92* | $32.98 | +43.9% |
| 38 | WFC on Yahoo Finance (opens in a new tab) | Wells Fargo & CoCOM | 0.8% | $65M | 784,923 | Trimmed -10.1% | $39.24* | $83.23 | +112.1% |
| 39 | GEHC on Yahoo Finance (opens in a new tab) | GE Healthcare Technologies ICOMMON STOCK | 0.7% | $53M | 827,379 | New | $65.69 | $69.77 | +6.2% |
| 40 | MICC on Yahoo Finance (opens in a new tab) | Magnum Ice Cream Co NVORD SHS | 0.6% | $52M | 2,971,716 | Added +31.8% | $15.75 | $18.79 | +19.3% |
| 41 | WAB on Yahoo Finance (opens in a new tab) | WabtecCOM | 0.6% | $51M | 189,045 | Trimmed -27.5% | $109.13* | $286.45 | +162.5% |
| 42 | VYX on Yahoo Finance (opens in a new tab) | Ncr Voyix CorporationCOM | 0.5% | $44M | 5,413,012 | Unchanged | $13.63* | $7.53 | -44.8% |
| 43 | AVGO on Yahoo Finance (opens in a new tab) | Broadcom IncCOM | 0.3% | $24M | 63,167 | Added +1.1% | $149.95* | $332.05 | +121.4% |
| 44 | MRSH on Yahoo Finance (opens in a new tab) | Marsh & Mclennan Cos IncCOM | 0.2% | $20M | 121,213 | Added +11.5% | $175.39 | $187.59 | +7.0% |
| 45 | PCG on Yahoo Finance (opens in a new tab) | PG&E CorpCOM | 0.2% | $20M | 1,172,695 | Added +0.9% | $16.48* | $13.06 | -20.8% |
| 46 | VBIL on Yahoo Finance (opens in a new tab) | Vanguard Instl Index Fd0 3 MO TR BI ETF | 0.2% | $20M | 260,280 | Added +188.7% | $74.25 | $75.64 | +1.9% |
| 47 | RUSHA on Yahoo Finance (opens in a new tab) | Rush Enterprises IncCL A | 0.1% | $9M | 129,094 | Unchanged | $25.86* | $44.78 | +73.2% |
| 48 | STGW on Yahoo Finance (opens in a new tab) | Stagwell IncCOM CL A | 0.1% | $9M | 1,191,918 | Unchanged | $5.35* | $9.00 | +68.1% |
| 49 | MAR on Yahoo Finance (opens in a new tab) | Marriott Intl Inc NewCL A | 0.1% | $7M | 18,445 | Trimmed -92.1% | $195.84* | $389.52 | +98.9% |
| 50 | FPAG on Yahoo Finance (opens in a new tab) | Investment Managers Ser Tr IFPA GBL EQTY ETF | 0.1% | $6M | 145,470 | New | $38.92 | $41.83 | +7.5% |
| 51 | EQPT on Yahoo Finance (opens in a new tab) | Equipmentshare Com IncCOM CL A | 0.1% | $6M | 285,714 | Unchanged | $28.60 | $13.84 | -51.6% |
| 52 | MRVI on Yahoo Finance (opens in a new tab) | Maravai Lifesciences Hldgs ICOM CL A | 0.1% | $6M | 884,883 | Unchanged | $2.17 | $6.82 | +213.6% |
| 53 | VT on Yahoo Finance (opens in a new tab) | Vanguard Intl Equity Index FTT WRLD ST ETF | 0.1% | $5M | 33,151 | Added +25.6% | $122.09* | $156.67 | +28.3% |
| 54 | TDW on Yahoo Finance (opens in a new tab) | Tidewater Inc NewCOM | 0.1% | $5M | 76,423 | Trimmed -7.4% | $68.33* | $79.28 | +16.0% |
| 55 | — | Wayfair IncNOTE 1.000% 8/1 | 0.1% | $5M | 4,934,000 prn | Unchanged | — | — | — |
| 56 | ECHO on Yahoo Finance (opens in a new tab) | Echostar CorpCL A | 0.1% | $5M | 47,066 | Unchanged | $20.85 | $85.36 | +309.3% |
| 57 | ALGT on Yahoo Finance (opens in a new tab) | Allegiant Travel CoCOM | 0.0% | $4M | 34,186 | Unchanged | $76.03* | $67.17 | -11.6% |
| 58 | FPAS on Yahoo Finance (opens in a new tab) | Investment Managers Ser Tr IFPA SHT DURA GOV | 0.0% | $4M | 146,775 | New | $24.37 | $23.92 | -1.8% |
| 59 | PDLB on Yahoo Finance (opens in a new tab) | Ponce Financial Group IncCOMMON STOCK | 0.0% | $4M | 181,562 | Unchanged | $7.79* | $20.12 | +158.3% |
| 60 | RSVR on Yahoo Finance (opens in a new tab) | Reservoir Media IncCOM | 0.0% | $3M | 308,747 | Unchanged | $7.35 | $9.51 | +29.3% |
| 61 | PBFS on Yahoo Finance (opens in a new tab) | Pioneer Bancorp Inc MdCOM | 0.0% | $3M | 166,974 | Unchanged | $9.53 | $17.73 | +86.1% |
| 62 | OEC on Yahoo Finance (opens in a new tab) | Orion S.A.COM | 0.0% | $3M | 417,388 | Unchanged | $19.05* | $5.41 | -71.6% |
| 63 | WLFC on Yahoo Finance (opens in a new tab) | Willis Lease Fin CorpCOM | 0.0% | $3M | 11,443 | New | $65.13 | $37.56 | -42.3% |
| 64 | NATL on Yahoo Finance (opens in a new tab) | Ncr Atleos CorporationCOM SHS | 0.0% | $2M | 50,033 | Trimmed -54.9% | $22.37 | $45.99 | +105.6% |
| 65 | PARR on Yahoo Finance (opens in a new tab) | Par Pac Holdings IncCOM NEW | 0.0% | $1M | 23,720 | Trimmed -27.4% | $34.98* | $83.83 | +139.6% |
| 66 | ASLE on Yahoo Finance (opens in a new tab) | Aersale CorporationCOM | 0.0% | $1M | 208,726 | Unchanged | $6.40 | $4.74 | -26.0% |
| 67 | SCCO on Yahoo Finance (opens in a new tab) | Southern Copper CorpCOM | 0.0% | $1M | 7,126 | Added +1.0% | $178.55 | $200.52 | +12.3% |
| 68 | NFLX on Yahoo Finance (opens in a new tab) | Netflix Inc.COM | 0.0% | $1M | 16,400 | Unchanged | $101.10* | $70.36 | -30.4% |
| 69 | CSL on Yahoo Finance (opens in a new tab) | Carlisle Cos IncCOM | 0.0% | $955K | 2,632 | Unchanged | $360.97 | $331.04 | -8.3% |
| 70 | UPWK on Yahoo Finance (opens in a new tab) | Upwork IncCOM | 0.0% | $477K | 57,081 | Unchanged | $12.96* | $8.35 | -35.5% |
| 71 | BIDU on Yahoo Finance (opens in a new tab) | Baidu IncSPON ADR REP A | 0.0% | $391K | 3,421 | Unchanged | $135.60 | $80.86 | -40.4% |
| 72 | UNIT on Yahoo Finance (opens in a new tab) | Uniti Group LLCCOM SHS | 0.0% | $289K | 25,235 | Unchanged | $7.16 | $5.55 | -22.4% |
| 73 | HYBB on Yahoo Finance (opens in a new tab) | iShares TrBB RAT CORP BD | 0.0% | $174K | 3,727 | Added +2524.6% | $45.50 | $44.93 | -1.2% |
| 74 | DEO on Yahoo Finance (opens in a new tab) | Diageo PLCSPON ADR NEW | 0.0% | $80 | 1 | Unchanged | $86.37 | $94.86 | +9.8% |
Sold out since Q1 2026
- DELL on Yahoo Finance (opens in a new tab)Dell Technologies Inc$63M at Q1 2026
- KMI on Yahoo Finance (opens in a new tab)Kinder Morgan Inc Del$45M at Q1 2026
- GLD on Yahoo Finance (opens in a new tab)SPDR Gold Tr$6M at Q1 2026
- FNV on Yahoo Finance (opens in a new tab)Franco Nev Corp$2M at Q1 2026
- CVX on Yahoo Finance (opens in a new tab)Chevron Corporation$1M at Q1 2026
- ROST on Yahoo Finance (opens in a new tab)Ross Stores Inc$1M at Q1 2026
- TSLA on Yahoo Finance (opens in a new tab)Tesla Inc$1M at Q1 2026
- EMR on Yahoo Finance (opens in a new tab)Emerson Elec Co$1M at Q1 2026
- DG on Yahoo Finance (opens in a new tab)Dollar Gen Corp$1M at Q1 2026
- ORLY on Yahoo Finance (opens in a new tab)Oreilly Automotive Inc$771K at Q1 2026
- NVST on Yahoo Finance (opens in a new tab)Envista Holdings Corporation$771K at Q1 2026
- DIS on Yahoo Finance (opens in a new tab)Disney Walt Co$759K at Q1 2026
- HSIC on Yahoo Finance (opens in a new tab)Schein Henry Inc$731K at Q1 2026
- GWW on Yahoo Finance (opens in a new tab)Ww Grainger Inc$730K at Q1 2026
- MCD on Yahoo Finance (opens in a new tab)McDonald's Corp$666K at Q1 2026
- CPAY on Yahoo Finance (opens in a new tab)Corpay Inc$625K at Q1 2026
- SMG on Yahoo Finance (opens in a new tab)Scotts Miracle-Gro Co$447K at Q1 2026
- EBC on Yahoo Finance (opens in a new tab)Eastern Bankshares Inc$2K at Q1 2026
Estimated, from reported holdings
Quarter by quarter
High-conviction buys (new positions at 3% or more of the portfolio) since Q3 2023: 2. Of 2 with six months of history, 50.0% beat the S&P 500 from the filing date.
Source: SEC Form 13F-HR 0001377581-26-000007, compared with the Q1 2026 report. 1 option rows are excluded from weights. Tickers map from CUSIP via OpenFIGI. Estimated returns weight each position’s next-quarter total return (Yahoo Finance adjusted closes) by its quarter-end value and assume no trades. Estimated cost averages daily adjusted closes in each quarter the share count rose, from Q3 2023 onward (* = held at the start of our data). Price is the latest close.
Important information
Form 13F data is delayed. Managers have up to 45 days after each calendar quarter to file, so holdings shown may have changed materially since the report date. 13F reports cover long positions in US-listed equities and certain other securities only; they exclude short positions, most non-US holdings, cash, bonds and private investments, and managers may request confidential treatment for some positions. Options rows are listed in filings but are not counted in the holdings and weights shown here.
Estimated holdings returns, estimated cost and high-conviction results are hypothetical calculations from quarter-end holdings and public prices, assuming no trades between reports. They are not the actual returns or costs of any fund or manager and do not reflect fees, trading, leverage, shorts or cash. Biographies are drawn from cited public sources. This page is for information only and is not individualized investment advice or a recommendation to buy or sell any security. Gulfstream Capital and its clients may hold positions in securities shown.