The latest 13F filing by Steven Romick’s First Pacific Advisors (FPA) shows an aggregate portfolio worth $10.62B as of December 31, 2013. This is up 9.6% from the end-September value of $9.69B.
Located in Los Angeles, California, FPA describes itself a leading practitioner of value investing. “Providing a prudent place to invest, we focus on generating superior returns over the long-term coupled with capital preservation. We consider ourselves investors, not traders, and foster a culture that promotes high ethical standards,” says the FPA website.
Microsoft tops FPA’s portfolio holdings
As of the end December,...


