Hedge Fund - First Pacific Advisors LLC

First Pacific Advisors, headquartered in Los Angeles, specializes in value investing strategies. The firm oversees a range of funds including the FPA Capital Fund, FPA Crescent Fund, FPA New Income Fund, FPA Paramount Fund, FPA Perennial Fund, and Source Capital, Inc.

Robert L. Rodriguez, CFA, Partner Emeritus, joined FPA in 1983 and served as Portfolio Manager for FPA Capital, Inc. and FPA New Income, Inc. from 1984 until 2010. He was named Partner Emeritus upon his retirement in 2016. Before joining FPA, he held the position of Senior Portfolio Manager in the Chairman’s Department at Kaufman & Broad, Inc., and also worked as a Portfolio Manager at Transamerica Investment Services, Inc. Robert earned a Bachelor’s degree in Business Administration (Magna Cum Laude) and an MBA from the University of Southern California, and he is a CFA Charterholder.

Steven Romick, CFA, is the Managing Partner at FPA, having joined the firm in 1996. He serves as a Portfolio Manager, leveraging his extensive experience in finance. Before joining FPA, Steven held the position of Chairman at Crescent Management and served as a consulting security analyst at Kaplan, Nathan & Co. He earned a Bachelor’s degree in Education from Northwestern University and is a CFA® Charterholder.

First Pacific Advisors operates as a hedge fund managing discretionary assets totaling $24,802,894,805, as reported in their Form ADV dated March 2024. Serving 53 clients, the firm reported $7,131,355,874 in managed 13F securities for Q1 2024, with a notable top 10 holdings concentration of 55.4%. First Pacific Advisors's largest holding is Meta Platforms Inc., with 1,026,316 shares held.