Steven Romick - First Pacific Advisors
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    83
Portfolio value:    $6,998,758,247
Holdings Activity Buys Sells    History
History Stock % of
Portfolio
Recent
Activity
Shares Avg. Buy
Price*
Value Current
Price
+/-
Since
Buy
52
Week
Low
52
Week
High
ADI - Analog Devices, Inc. 7.83 Reduce 8.09% 1,723,135 $53.00 $548,198,169 $386.01 628.31% $215.48 $445.91
GOOGL - Alphabet Inc. 6.92 Reduce 11.92% 1,683,493 $48.41 $484,105,247 $352.51 628.20% $175.98 $408.37
IFF - International Flavors & Fragrances Inc. 5.61 Add 1.57% 5,409,925 $93.11 $392,490,059 $75.10 -19.34% $58.13 $83.83
META - Meta Platforms, Inc. 5.56 Reduce 3.06% 680,613 $167.37 $389,399,116 $656.73 292.38% $519.78 $793.65
GOOG - Alphabet Inc. 5.46 Reduce 1.22% 1,333,157 $44.07 $382,429,417 $350.67 695.71% $180.20 $404.23
C - Citigroup Inc. 5.15 Reduce 9.46% 3,175,212 $47.85 $360,100,793 $140.71 194.09% $84.31 $147.96
TEL - TE Connectivity plc 4.93 Reduce 7.25% 1,650,857 $65.20 $345,062,130 $198.18 203.96% $171.73 $251.59
BDX - Becton, Dickinson and Co. 4.45 Add 1.50% 1,980,440 $149.97 $311,384,581 $153.83 2.58% $125.21 $184.86
AMZN - Amazon.com, Inc. 4.21 Add 0.36% 1,416,219 $148.65 $294,955,931 $247.31 66.37% $196.00 $278.56
CMCSA - Comcast Corp. 3.52 Add 2.29% 8,592,563 $33.82 $246,692,484 $23.97 -29.12% $21.83 $32.20
LBRDK - Liberty Broadband Corp. 3.34 Add 73.92% 4,642,610 $49.32 $233,523,283 $30.80 -37.55% $29.08 $91.79
AON - Aon plc 3.24 Add 7.12% 703,258 $137.07 $226,997,617 $367.35 167.99% $303.79 $379.20
FERG - Ferguson Enterprises Inc. 2.72 Reduce 7.91% 816,993 $119.64 $190,571,787 $233.19 94.91% $204.50 $269.59
AMRZ - Amrize Ltd 2.52 Reduce 7.68% 3,146,383 $54.08 $176,260,376 $49.10 -9.21% $43.69 $65.29
NXPI - NXP Semiconductors N.V. 2.16 Add 0.34% 768,915 $105.07 $151,368,607 $278.39 164.95% $180.63 $338.80
MTN - Vail Resorts, Inc. 2.16 Add 8.15% 1,176,350 $163.97 $150,949,232 $151.47 -7.62% $116.69 $155.98
FBIN - Fortune Brands Innovations, Inc. 2.11 Add 7.60% 3,792,230 $54.60 $147,783,203 $50.28 -7.92% $32.11 $64.07
KMX - CarMax, Inc. 1.77 Add 1.97% 2,981,709 $72.33 $123,979,460 $54.87 -24.14% $30.26 $66.23
NOV - NOV Inc. 1.70 Reduce 21.91% 6,320,758 $13.58 $118,893,458 $19.13 40.88% $11.50 $21.46
BIO - Bio-Rad Laboratories, Inc. 1.62 Add 1.47% 407,358 $275.27 $113,551,043 $297.58 8.11% $236.73 $343.12
BAX - Baxter International Inc. 1.61 Buy 6,700,925 $16.80 $112,575,540 $22.57 34.35% $15.72 $29.10
ICLR - ICON Public Ltd. Co. 1.57 Add 1.05% 991,075 $171.64 $109,672,359 $166.10 -3.23% $66.57 $211.00
TMO - Thermo Fisher Scientific Inc. 1.56 Add 1.52% 221,896 $455.33 $109,068,541 $528.51 16.07% $401.89 $642.71
JEF - Jefferies Financial Group Inc. 1.53 Add 0.24% 2,586,501 $20.13 $106,744,896 $52.59 161.19% $35.26 $69.47
LPLA - LPL Financial Holdings Inc. 1.38 Reduce 17.24% 320,624 $42.38 $96,453,318 $321.06 657.53% $260.15 $402.11
AJG - Arthur J. Gallagher & Co. 1.20 Buy 387,687 $216.58 $83,965,250 $261.23 20.62% $190.12 $313.18
DEI - Douglas Emmett, Inc. 1.16 Add 32.29% 8,636,970 $11.68 $81,360,257 $12.18 4.26% $8.79 $15.90
WAT - Waters Corp. 1.14 Buy 267,472 $297.80 $79,653,162 $373.22 25.33% $275.05 $414.15
MAR - Marriott International, Inc. 1.09 Reduce 40.30% 232,754 $93.41 $76,126,851 $362.87 288.48% $251.53 $410.98
UBER - Uber Technologies, Inc. 1.00 Add 1.74% 969,817 $39.87 $69,758,937 $74.26 86.26% $67.19 $101.99
WFC - Wells Fargo & Co. 0.99 Reduce 21.36% 872,730 $46.54 $69,478,035 $87.67 88.36% $72.78 $96.73
WAB - Westinghouse Air Brake Technologies Corp. 0.93 Reduce 41.35% 260,732 $57.16 $65,159,534 $260.86 356.38% $183.59 $284.91
AVTR - Avantor, Inc. 0.91 Add 103.82% 8,089,023 $10.13 $63,417,940 $10.56 4.29% $7.26 $15.93
PYPL - PayPal Holdings, Inc. 0.90 Buy 1,391,409 $45.23 $62,933,429 $47.65 5.35% $38.22 $78.82
DELL - Dell Technologies Inc. 0.90 382,985 $26.28 $62,859,328 $427.11 1,524.92% $109.88 $469.47
CNH - CNH Industrial N.V. 0.76 Buy 4,809,255 $11.00 $52,901,805 $10.42 -5.27% $8.91 $13.35
KMI - Kinder Morgan, Inc. 0.64 Reduce 67.31% 1,332,715 $15.69 $44,685,934 $32.24 105.48% $24.97 $34.81
VNO - Vornado Realty Trust 0.62 Add 0.24% 1,680,601 $19.37 $43,678,820 $38.31 97.82% $24.57 $42.43
VYX - NCR Voyix Corp. 0.49 Add 7.28% 5,405,082 $12.99 $34,214,169 $8.15 -37.26% $6.02 $14.67
MICC - The Magnum Ice Cream Co. N.V. 0.48 Add 32.84% 2,255,110 $15.63 $33,713,894 $18.46 18.12% $12.94 $19.93
PCG - PG&E Corp. 0.29 Add 1.74% 1,162,062 $26.83 $20,417,429 $17.37 -35.27% $12.83 $19.05
AVGO - Broadcom Inc. 0.28 Reduce 27.46% 62,465 $24.62 $19,333,542 $384.05 1,459.97% $267.62 $494.22
MRSH - Marsh & McLennan Companies, Inc. 0.27 Buy 108,697 $173.45 $18,853,495 $181.53 4.66% $156.60 $212.25
RUSHA - Rush Enterprises, Inc. 0.12 Reduce 12.83% 129,094 $15.33 $8,534,404 $75.24 390.90% $45.26 $76.79
STGW - Stagwell Inc. 0.11 1,191,918 $6.75 $7,497,164 $7.87 16.66% $4.29 $8.08
TDW - Tidewater Inc. 0.10 Reduce 13.07% 82,549 $15.91 $6,896,969 $74.35 367.45% $45.71 $93.13
VBIL - Vanguard 0-3 Month Treasury Bill ETF 0.10 Buy 90,159 $75.65 $6,820,528 $75.58 -0.09% $72.74 $75.57
GLD - SPDR Gold Shares 0.09 Buy 13,995 $430.29 $6,021,909 $367.13 -14.68% $300.96 $509.70
EQPT - EquipmentShare.com Inc. 0.08 Buy 285,714 $20.37 $5,819,994 $16.83 -17.40% $15.95 $35.50
SATS - EchoStar Corp. 0.08 Reduce 80.30% 47,066 $25.59 $5,510,017 $103.94 306.14% $95.35 $98.21
NATL - NCR Atleos Corp. 0.07 Reduce 94.56% 110,933 $22.70 $4,834,460 $45.47 100.34% $23.56 $48.50
VT - Vanguard Total World Stock Index Fund ETF Shares 0.05 Add 33.67% 26,390 $117.79 $3,650,265 $155.81 32.27% $125.59 $158.84
PDLB - Ponce Financial Group, Inc. 0.04 181,562 $8.99 $3,033,901 $19.89 121.32% $13.65 $20.62
RSVR - Reservoir Media, Inc. 0.04 Reduce 6.17% 308,747 $7.67 $3,022,633 $10.12 31.96% $7.07 $13.39
ALGT - Allegiant Travel Co. 0.04 34,186 $80.09 $2,770,433 $106.89 33.46% $42.56 $123.63
OEC - Orion S.A. 0.04 417,388 $15.63 $2,713,022 $6.00 -61.61% $4.30 $11.47
MRVI - Maravai LifeSciences Holdings, Inc. 0.04 884,883 $2.48 $2,504,219 $6.36 155.97% $1.99 $6.55
PBFS - Pioneer Bancorp, Inc. 0.03 166,974 $9.95 $2,324,278 $16.89 69.80% $11.90 $19.42
PARR - Par Pacific Holdings, Inc. 0.03 Reduce 25.31% 32,651 $12.33 $2,045,259 $70.92 475.35% $26.83 $71.29
FNV - Franco-Nevada Corp. 0.02 Buy 6,611 $247.05 $1,633,248 $200.49 -18.85% $152.31 $284.60
NFLX - Netflix, Inc. 0.02 16,400 $38.32 $1,576,860 $73.83 92.67% $70.86 $127.75
ASLE - AerSale Corp. 0.02 208,726 $6.01 $1,298,276 $6.03 0.33% $5.56 $9.12
CVX - Chevron Corp. 0.02 Buy 6,144 $206.90 $1,271,194 $182.20 -11.94% $140.64 $212.76
SCCO - Southern Copper Corp. 0.02 Buy 7,056 $170.35 $1,214,055 $174.53 2.46% $83.51 $220.52
ROST - Ross Stores, Inc. 0.02 Buy 5,154 $216.63 $1,116,511 $219.46 1.31% $125.18 $242.81
TSLA - Tesla, Inc. 0.02 Buy 3,000 $371.75 $1,115,250 $394.76 6.19% $297.82 $498.83
EMR - Emerson Electric Co. 0.02 Buy 8,426 $131.02 $1,103,975 $135.38 3.33% $121.73 $163.86
DG - Dollar General Corp. 0.02 Buy 9,077 $118.73 $1,077,712 $123.44 3.97% $93.78 $156.68
CSL - Carlisle Companies Inc. 0.01 Buy 2,632 $333.62 $878,088 $333.20 -0.13% $291.67 $430.54
ORLY - O'Reilly Automotive, Inc. 0.01 Buy 8,355 $92.31 $771,250 $87.28 -5.45% $82.71 $108.72
NVST - Envista Holdings Corp. 0.01 Buy 30,397 $25.37 $771,172 $26.22 3.35% $18.77 $30.42
DIS - The Walt Disney Co. 0.01 Buy 7,872 $96.38 $758,703 $96.00 -0.39% $91.49 $121.64
HSIC - Henry Schein, Inc. 0.01 Buy 9,914 $73.70 $730,662 $85.79 16.40% $61.95 $89.29
GWW - W.W. Grainger, Inc. 0.01 Buy 669 $1,090.81 $729,752 $1,391.68 27.58% $902.98 $1,400.00
MCD - McDonald's Corp. 0.01 Buy 2,142 $310.79 $665,712 $272.61 -12.28% $264.53 $337.56
UPWK - Upwork Inc. 0.01 57,081 $17.20 $625,608 $9.12 -46.98% $7.44 $22.84
CPAY - Corpay, Inc. 0.01 Buy 2,147 $290.99 $624,756 $362.06 24.42% $252.84 $367.43
SMG - The Scotts Miracle-Gro Co. 0.01 Buy 7,357 $60.81 $447,379 $63.91 5.10% $50.49 $71.55
BIDU - Baidu, Inc. 0.01 Buy 3,421 $111.42 $381,168 $113.39 1.77% $84.64 $165.30
UNIT - Uniti Group Inc. 0.00 25,235 $6.12 $236,704 $11.04 80.39% $5.30 $12.94
HYBB - iShares BB Rated Corporate Bond ETF 0.00 Reduce 50.35% 142 $47.13 $6,602 $46.45 -1.44% $43.80 $46.85
EBC - Eastern Bankshares, Inc. 0.00 Reduce 99.90% 83 $12.89 $1,623 $22.27 72.80% $14.46 $22.89
DEO - Diageo plc 0.00 Buy 1 $74.00 $74 $82.50 11.49% $71.73 $112.30
* Avg. Buy Price is an estimated cost basis: the share-weighted average of the quarter-end prices reported when this manager first bought or later added to the position (average-cost method, reset after a full exit). 13F filings disclose only quarter-end holdings, not actual trade prices, so this approximates — but does not exactly equal — what was paid.
Sector % analysis
Communication Services 25.08
Technology 17.66
Financial Services 14.73
Healthcare 12.91
Consumer Cyclical 9.40
Basic Materials 8.21
Industrials 6.70
Energy 2.48
Real Estate 1.79
Consumer Defensive 0.50
Utilities 0.29
Unknown 0.24