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First Pacific Advisors, LP

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13F filer, CIK 1377581, EL SEGUNDO, CA

First Pacific Advisors, LP reported $7,596,163,725 across 64 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 54.3% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001377581-26-000002

Period
2025-12-31
Reported value
$7.6B
Holdings
64
Top 10 weight
54.3%
New
4
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BDXadded+1,014,989$197M
AMRZnew+3,408,072$184M
LBRDKnew+2,669,348$130M
FBINadded+658,407$32.9M
IFFadded+422,179$28.5M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
GOOGLreduced-510,890-$160M
CMCSAreduced-2,838,897-$84.9M
TELreduced-339,193-$77.2M
HWMexited-325,984-$64M
GOOGreduced-134,056-$42.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001377581-26-000002, largest first. % of portfolio is the value over $7,591,054,825, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,818,369 shares; 2024Q4: 2,689,681 shares; 2025Q1: 2,555,321 shares; 2025Q2: 2,478,411 shares; 2025Q3: 2,422,319 shares; 2025Q4: 1,911,429 shares 1,911,429$598M7.88%-510,890Timeline
ADIANALOG DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,103,118 shares; 2024Q4: 2,110,767 shares; 2025Q1: 2,105,456 shares; 2025Q2: 2,085,045 shares; 2025Q3: 1,995,126 shares; 2025Q4: 1,874,867 shares 1,874,867$508M6.7%-120,259Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 911,003 shares; 2024Q4: 892,456 shares; 2025Q1: 782,479 shares; 2025Q2: 777,005 shares; 2025Q3: 710,995 shares; 2025Q4: 702,121 shares 702,121$463M6.11%-8,874Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,815,951 shares; 2024Q4: 1,816,429 shares; 2025Q1: 1,599,254 shares; 2025Q2: 1,578,827 shares; 2025Q3: 1,483,648 shares; 2025Q4: 1,349,592 shares 1,349,592$424M5.58%-134,056Timeline
CCITIGROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,842,216 shares; 2024Q4: 6,760,177 shares; 2025Q1: 5,778,727 shares; 2025Q2: 5,253,021 shares; 2025Q3: 3,779,115 shares; 2025Q4: 3,506,931 shares 3,506,931$409M5.39%-272,184Timeline
TELTE CONNECTIVITY PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,738,006 shares; 2024Q4: 2,662,439 shares; 2025Q1: 2,683,212 shares; 2025Q2: 2,656,748 shares; 2025Q3: 2,119,163 shares; 2025Q4: 1,779,970 shares 1,779,970$405M5.33%-339,193Timeline
BDXBECTON DICKINSON & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 936,257 shares; 2025Q4: 1,951,246 shares 1,951,246$379M4.99%+1,014,989Timeline
IFFINTERNATIONAL FLAVORS&FRAGRAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,006,782 shares; 2024Q4: 4,029,773 shares; 2025Q1: 4,062,075 shares; 2025Q2: 4,111,527 shares; 2025Q3: 4,903,862 shares; 2025Q4: 5,326,041 shares 5,326,041$359M4.73%+422,179Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,636,649 shares; 2024Q4: 1,534,902 shares; 2025Q1: 1,446,007 shares; 2025Q2: 1,461,135 shares; 2025Q3: 1,436,376 shares; 2025Q4: 1,411,199 shares 1,411,199$326M4.29%-25,177Timeline
CMCSACOMCAST CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,805,634 shares; 2024Q4: 10,868,463 shares; 2025Q1: 10,956,640 shares; 2025Q2: 11,091,559 shares; 2025Q3: 11,238,728 shares; 2025Q4: 8,399,831 shares 8,399,831$251M3.31%-2,838,897Timeline
AONAON PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 733,988 shares; 2024Q4: 728,493 shares; 2025Q1: 680,012 shares; 2025Q2: 652,019 shares; 2025Q3: 654,445 shares; 2025Q4: 656,531 shares 656,531$232M3.05%+2,086Timeline
FERGFERGUSON ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,098,557 shares; 2024Q4: 1,102,740 shares; 2025Q1: 1,251,631 shares; 2025Q2: 1,256,151 shares; 2025Q3: 916,385 shares; 2025Q4: 887,120 shares 887,120$197M2.6%-29,265Timeline
AMRZAMRIZE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 3,408,072 shares 3,408,072$184M2.43%newTimeline
ICLRICON PUB LTD COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 353,656 shares; 2024Q4: 451,757 shares; 2025Q1: 546,947 shares; 2025Q2: 964,120 shares; 2025Q3: 974,325 shares; 2025Q4: 980,804 shares 980,804$179M2.35%+6,479Timeline
FBINFORTUNE BRANDS INNOVATIONS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 245,641 shares; 2024Q4: 247,018 shares; 2025Q1: 792,517 shares; 2025Q2: 1,998,397 shares; 2025Q3: 2,866,091 shares; 2025Q4: 3,524,498 shares 3,524,498$176M2.32%+658,407Timeline
NXPINXP SEMICONDUCTORS N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 778,506 shares; 2024Q4: 783,232 shares; 2025Q1: 756,686 shares; 2025Q2: 764,890 shares; 2025Q3: 765,060 shares; 2025Q4: 766,330 shares 766,330$166M2.19%+1,270Timeline
JEFJEFFERIES FINANCIAL GROUP INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,914,280 shares; 2024Q4: 2,801,498 shares; 2025Q1: 2,580,823 shares; 2025Q2: 2,580,283 shares; 2025Q3: 2,580,283 shares; 2025Q4: 2,580,283 shares 2,580,283$160M2.11%0Timeline
MTNVAIL RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 464,801 shares; 2024Q4: 522,285 shares; 2025Q1: 805,584 shares; 2025Q2: 993,735 shares; 2025Q3: 1,012,933 shares; 2025Q4: 1,087,702 shares 1,087,702$144M1.9%+74,769Timeline
LPLALPL FINL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 458,362 shares; 2024Q4: 458,289 shares; 2025Q1: 457,941 shares; 2025Q2: 443,503 shares; 2025Q3: 443,503 shares; 2025Q4: 387,412 shares 387,412$138M1.82%-56,091Timeline
LBRDKLIBERTY BROADBAND CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,669,348 shares 2,669,348$130M1.71%newTimeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 87,370 shares; 2025Q3: 214,946 shares; 2025Q4: 218,572 shares 218,572$127M1.67%+3,626Timeline
NOVNOV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,705,128 shares; 2025Q1: 3,492,196 shares; 2025Q2: 7,018,950 shares; 2025Q3: 7,946,901 shares; 2025Q4: 8,093,810 shares 8,093,810$127M1.67%+146,909Timeline
BIOBIO RAD LABS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 157,877 shares; 2024Q4: 157,850 shares; 2025Q1: 372,555 shares; 2025Q2: 386,949 shares; 2025Q3: 394,414 shares; 2025Q4: 401,457 shares 401,457$122M1.6%+7,043Timeline
MARMARRIOTT INTL INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 612,502 shares; 2024Q4: 555,259 shares; 2025Q1: 445,066 shares; 2025Q2: 450,714 shares; 2025Q3: 450,765 shares; 2025Q4: 389,857 shares 389,857$121M1.59%-60,908Timeline
KMXCARMAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,383,575 shares; 2024Q4: 2,397,062 shares; 2025Q1: 2,415,974 shares; 2025Q2: 2,431,244 shares; 2025Q3: 2,481,461 shares; 2025Q4: 2,924,081 shares 2,924,081$113M1.49%+442,620Timeline
KMIKINDER MORGAN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,189,754 shares; 2024Q4: 7,608,900 shares; 2025Q1: 4,471,851 shares; 2025Q2: 3,939,890 shares; 2025Q3: 4,003,122 shares; 2025Q4: 4,076,504 shares 4,076,504$112M1.48%+73,382Timeline
WFCWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,272,546 shares; 2024Q4: 3,769,719 shares; 2025Q1: 2,628,517 shares; 2025Q2: 2,034,269 shares; 2025Q3: 1,291,639 shares; 2025Q4: 1,109,828 shares 1,109,828$103M1.36%-181,811Timeline
CHTRCHARTER COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 610,632 shares; 2024Q4: 614,122 shares; 2025Q1: 619,009 shares; 2025Q2: 626,508 shares; 2025Q3: 646,100 shares; 2025Q4: 461,525 shares 461,525$96.3M1.27%-184,575Timeline
WABWABTECQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 592,009 shares; 2024Q4: 472,657 shares; 2025Q1: 429,960 shares; 2025Q2: 435,963 shares; 2025Q3: 436,663 shares; 2025Q4: 444,548 shares 444,548$94.9M1.25%+7,885Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,433,144 shares; 2024Q4: 1,191,597 shares; 2025Q1: 1,201,244 shares; 2025Q2: 1,028,628 shares; 2025Q3: 934,963 shares; 2025Q4: 953,263 shares 953,263$77.9M1.03%+18,300Timeline
NATLNCR ATLEOS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,290,155 shares; 2024Q4: 2,289,835 shares; 2025Q1: 2,288,255 shares; 2025Q2: 2,287,815 shares; 2025Q3: 2,040,700 shares; 2025Q4: 2,040,700 shares 2,040,700$77.8M1.02%0Timeline
DEIDOUGLAS EMMETT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,497,413 shares; 2024Q4: 5,338,673 shares; 2025Q1: 5,335,163 shares; 2025Q2: 5,334,173 shares; 2025Q3: 5,334,173 shares; 2025Q4: 6,528,956 shares 6,528,956$71.8M0.95%+1,194,783Timeline
VNOVORNADO RLTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,926,795 shares; 2024Q4: 1,797,749 shares; 2025Q1: 1,676,858 shares; 2025Q2: 1,676,513 shares; 2025Q3: 1,676,513 shares; 2025Q4: 1,676,513 shares 1,676,513$55.8M0.74%0Timeline
VYXNCR VOYIX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,464,814 shares; 2024Q4: 3,464,324 shares; 2025Q1: 3,702,391 shares; 2025Q2: 3,908,807 shares; 2025Q3: 3,908,807 shares; 2025Q4: 5,038,208 shares 5,038,208$51.4M0.68%+1,129,401Timeline
DELLDELL TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 432,226 shares; 2024Q4: 418,505 shares; 2025Q1: 418,505 shares; 2025Q2: 418,505 shares; 2025Q3: 418,505 shares; 2025Q4: 382,985 shares 382,985$48.2M0.64%-35,520Timeline
AVTRAVANTOR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 75,000 shares; 2025Q3: 4,070,978 shares; 2025Q4: 3,968,620 shares 3,968,620$45.5M0.6%-102,358Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 642,120 shares; 2024Q4: 358,276 shares; 2025Q1: 195,035 shares; 2025Q2: 119,516 shares; 2025Q3: 114,719 shares; 2025Q4: 86,111 shares 86,111$29.8M0.39%-28,608Timeline
MICCMAGNUM ICE CREAM CO NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,697,675 shares 1,697,675$26.9M0.35%newTimeline
GPORGULFPORT ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 382,614 shares; 2024Q4: 344,320 shares; 2025Q1: 296,979 shares; 2025Q2: 171,812 shares; 2025Q3: 171,812 shares; 2025Q4: 127,434 shares 127,434$26.5M0.35%-44,378Timeline
ECHOECHOSTAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,051,512 shares; 2024Q4: 1,051,342 shares; 2025Q1: 1,050,542 shares; 2025Q2: 1,435,567 shares; 2025Q3: 480,826 shares; 2025Q4: 238,933 shares 238,933$26M0.34%-241,893Timeline
PCGPG&E CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,146,333 shares; 2024Q4: 1,080,427 shares; 2025Q1: 1,089,398 shares; 2025Q2: 1,103,117 shares; 2025Q3: 1,121,221 shares; 2025Q4: 1,142,167 shares 1,142,167$18.4M0.24%+20,946Timeline
RUSHARUSH ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 183,942 shares; 2024Q4: 183,942 shares; 2025Q1: 172,637 shares; 2025Q2: 159,094 shares; 2025Q3: 159,094 shares; 2025Q4: 148,094 shares 148,094$7.99M0.11%-11,000Timeline
STGWSTAGWELL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,072,711 shares; 2024Q4: 1,123,516 shares; 2025Q1: 1,191,918 shares; 2025Q2: 1,191,918 shares; 2025Q3: 1,191,918 shares; 2025Q4: 1,191,918 shares 1,191,918$5.83M0.08%0Timeline
TDWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 94,961 shares; 2024Q4: 94,961 shares; 2025Q1: 94,961 shares; 2025Q2: 94,961 shares; 2025Q3: 94,961 shares; 2025Q4: 94,961 shares 94,961$4.8M0.06%0Timeline
SGOVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,241 shares; 2024Q4: 55,996 shares; 2025Q1: 41,816 shares; 2025Q2: 48,123 shares; 2025Q3: 36,572 shares; 2025Q4: 40,837 shares 40,837$4.1M0.05%+4,265Timeline
LAURLAUREATE ED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 819,095 shares; 2024Q4: 726,055 shares; 2025Q1: 426,781 shares; 2025Q2: 398,230 shares; 2025Q3: 216,012 shares; 2025Q4: 101,485 shares 101,485$3.42M0.05%-114,527Timeline
PDLBPONCE FINANCIAL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 181,562 shares; 2024Q4: 181,562 shares; 2025Q1: 181,562 shares; 2025Q2: 181,562 shares; 2025Q3: 181,562 shares; 2025Q4: 181,562 shares 181,562$2.97M0.04%0Timeline
ALGTALLEGIANT TRAVEL COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,186 shares; 2024Q4: 34,186 shares; 2025Q1: 34,186 shares; 2025Q2: 34,186 shares; 2025Q3: 34,186 shares; 2025Q4: 34,186 shares 34,186$2.92M0.04%0Timeline
MRVIMARAVAI LIFESCIENCES HLDGS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 741,332 shares; 2025Q3: 884,883 shares; 2025Q4: 884,883 shares 884,883$2.88M0.04%0Timeline
VTVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,282 shares; 2024Q4: 15,064 shares; 2025Q1: 16,249 shares; 2025Q2: 16,777 shares; 2025Q3: 17,965 shares; 2025Q4: 19,743 shares 19,743$2.78M0.04%+1,778Timeline
RSVRRESERVOIR MEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,196 shares; 2024Q4: not reported; 2025Q1: 6,573 shares; 2025Q2: 329,066 shares; 2025Q3: 329,066 shares; 2025Q4: 329,066 shares 329,066$2.49M0.03%0Timeline
PBFSPIONEER BANCORP INC MDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 166,974 shares; 2024Q4: 166,974 shares; 2025Q1: 166,974 shares; 2025Q2: 166,974 shares; 2025Q3: 166,974 shares; 2025Q4: 166,974 shares 166,974$2.25M0.03%0Timeline
OECORION S.A.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 318,477 shares; 2024Q4: 318,477 shares; 2025Q1: 335,608 shares; 2025Q2: 367,751 shares; 2025Q3: 417,388 shares; 2025Q4: 417,388 shares 417,388$2.2M0.03%0Timeline
DARDARLING INGREDIENTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 42,638 shares; 2025Q3: 52,447 shares; 2025Q4: 52,447 shares 52,447$1.89M0.02%0Timeline
EBCEASTERN BANKSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 121,689 shares; 2024Q4: 121,689 shares; 2025Q1: 85,883 shares; 2025Q2: 85,883 shares; 2025Q3: 85,883 shares; 2025Q4: 85,883 shares 85,883$1.58M0.02%0Timeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 48,077 shares; 2024Q4: 2,799 shares; 2025Q1: 2,340 shares; 2025Q2: 2,340 shares; 2025Q3: 1,640 shares; 2025Q4: 16,400 shares 16,400$1.54M0.02%+14,760Timeline
PARRPAR PAC HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 71,812 shares; 2024Q4: 71,812 shares; 2025Q1: 71,812 shares; 2025Q2: 72,632 shares; 2025Q3: 56,034 shares; 2025Q4: 43,716 shares 43,716$1.54M0.02%-12,318Timeline
ASLEAERSALE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 249,584 shares; 2025Q3: 208,726 shares; 2025Q4: 208,726 shares 208,726$1.48M0.02%0Timeline
UPWKUPWORK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 104,881 shares; 2024Q4: 104,881 shares; 2025Q1: 104,881 shares; 2025Q2: 104,881 shares; 2025Q3: 104,881 shares; 2025Q4: 57,081 shares 57,081$1.13M0.01%-47,800Timeline
UNITUNITI GROUP LLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 25,235 shares; 2025Q4: 25,235 shares 25,235$177K<0.01%0Timeline
HYBBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 286 shares 286$13.5K<0.01%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
ECHOECHOSTAR CORP CL Aput47,000$5.11M0

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
ECHOSTAR CORPECHOSTAR CORP NOTE 3.875%11/3principal39,308,974$131M-691,026
WAYFAIR INCWAYFAIR INC NOTE 1.000% 8/1principal4,934,000$4.91M0

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
HWMHOWMET AEROSPACE INC325,984$64Mshares
NXQUANEX BLDG PRODS CORP166,231$2.36Mshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001377581-26-000002 base2026-02-17acceptance time not in the bulk data set