Steven Romick

Net buying

First Pacific Advisors, LP — managed by Steven Romick; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-06-30 (filed 2026-08-14) · Source: SEC EDGAR

Portfolio value$8.08B (+13%)

Holdings74 (−11)

Top holdingAnalog Devices Inc

Below band4

New

Added

Exited

By what price implies: 23 demand a demanding growth rate, 11 modest.

13F × valuation

Valuation posture

Of 24 valued US positions, 4 trade below a conservative value band (2 in the strike zone) (as of 2026-08-25):

SEC 13F · latest filing

Holdings

Security	Value	Valuation	Holders	Shares	Weight	Signal
Analog Devices IncADI	$634.9M	—	12	1,598,506	7.9%	—
Alphabet IncGOOGL	$503.4M	—	41	1,408,518	6.2%	—
Alphabet IncGOOG	$471.1M	—	37	1,333,205	5.8%	—
International Flavors&FragraIFF	$432.2M	—	6	5,455,081	5.3%	Adding 7q
Citigroup IncC	$422.2M	—	13	3,016,828	5.2%	—
Meta Platforms IncMETA	$383.0M	—	35	679,884	4.7%	—
Amazon Com IncAMZN	$324.3M	—	39	1,360,585	4.0%	—
Becton Dickinson & CoBDX	$319.4M	—	8	2,110,794	4.0%	Adding 4q
Te Connectivity PlcTEL	$312.7M	—	9	1,551,105	3.9%	—
Gallagher Arthur J & CoAJG	$306.8M	—	5	1,336,290	3.8%	—
Aon PlcAON	$226.0M	—	13	681,367	2.8%	—
Comcast CorpCMCSA	$213.0M	Below value· unconf.	17	8,676,664	2.6%	—
Fortune Brands Innovations IFBIN	$210.0M	—	8	3,825,269	2.6%	Adding 7q
Nxp Semiconductors N VNXPI	$193.4M	—	5	688,107	2.4%	—
Ferguson Enterprises IncFERG	$186.7M	—	12	786,822	2.3%	—
Vail Resorts IncMTN	$177.7M	—	3	1,304,959	2.2%	Adding 7q
Amrize LtdAMRZ	$169.4M	—	4	3,177,325	2.1%	—
Baxter Intl IncBAX	$162.4M	—	8	7,618,145	2.0%	—
Carmax IncKMX	$159.1M	—	5	3,008,564	2.0%	Adding 7q
Liberty Broadband CorpLBRDK	$154.4M	Strike zone	7	4,641,753	1.9%	—
Jefferies Financial Group InJEF	$135.2M	—	3	2,704,265	1.7%	—
Thermo Fisher Scientific IncTMO	$124.5M	—	14	248,244	1.5%	Adding 5q
Nov IncNOV	$118.6M	—	6	6,392,388	1.5%	—
Bio Rad Labs IncBIO	$118.0M	—	2	401,861	1.5%	—
Echostar Corp	$114.2M	—	—	36,570,974	1.4%	—

Analog Devices IncADI—
Value$634.9MValuation—Holders12Weight7.9%
Alphabet IncGOOGL—
Value$503.4MValuation—Holders41Weight6.2%
Alphabet IncGOOG—
Value$471.1MValuation—Holders37Weight5.8%
International Flavors&FragraIFFAdding 7q
Value$432.2MValuation—Holders6Weight5.3%
Citigroup IncC—
Value$422.2MValuation—Holders13Weight5.2%
Meta Platforms IncMETA—
Value$383.0MValuation—Holders35Weight4.7%
Amazon Com IncAMZN—
Value$324.3MValuation—Holders39Weight4.0%
Becton Dickinson & CoBDXAdding 4q
Value$319.4MValuation—Holders8Weight4.0%
Te Connectivity PlcTEL—
Value$312.7MValuation—Holders9Weight3.9%
Gallagher Arthur J & CoAJG—
Value$306.8MValuation—Holders5Weight3.8%
Aon PlcAON—
Value$226.0MValuation—Holders13Weight2.8%
Comcast CorpCMCSA—
Value$213.0MValuationBelow value· unconf.Holders17Weight2.6%
Fortune Brands Innovations IFBINAdding 7q
Value$210.0MValuation—Holders8Weight2.6%
Nxp Semiconductors N VNXPI—
Value$193.4MValuation—Holders5Weight2.4%
Ferguson Enterprises IncFERG—
Value$186.7MValuation—Holders12Weight2.3%
Vail Resorts IncMTNAdding 7q
Value$177.7MValuation—Holders3Weight2.2%
Amrize LtdAMRZ—
Value$169.4MValuation—Holders4Weight2.1%
Baxter Intl IncBAX—
Value$162.4MValuation—Holders8Weight2.0%
Carmax IncKMXAdding 7q
Value$159.1MValuation—Holders5Weight2.0%
Liberty Broadband CorpLBRDK—
Value$154.4MValuationStrike zoneHolders7Weight1.9%
Jefferies Financial Group InJEF—
Value$135.2MValuation—Holders3Weight1.7%
Thermo Fisher Scientific IncTMOAdding 5q
Value$124.5MValuation—Holders14Weight1.5%
Nov IncNOV—
Value$118.6MValuation—Holders6Weight1.5%
Bio Rad Labs IncBIO—
Value$118.0MValuation—Holders2Weight1.5%
Echostar Corp—
Value$114.2MValuation—Holders—Weight1.4%

Showing top 25 of 75 positions

Exited this quarter (18)Dell Technologies Inc、Kinder Morgan Inc、Spdr Gold Tr、Franco Nev Corp、Chevron Corporation、Ross Stores Inc、Tesla Inc、Emerson Elec Co、Dollar Gen Corp、Oreilly Automotive Inc、Envista Holdings Corporation、Disney Walt Co… +6 more

What is a superinvestor

About this investor

Portfolio overview

First Pacific Advisors, LP's most recent 13F filing, for the quarter ended 2026-06-30, reports 74 positions worth $8.08B. The top 5 holdings represent 30% of that value, a broadly diversified portfolio.

The single largest position is Analog Devices Inc at 7.9% of the portfolio, followed by Alphabet Inc at 6.2% and Alphabet Inc at 5.8%.

Against the prior quarter, Steven Romick opened 7 new positions, exited 18, added to 30, and trimmed 18. The largest new buy was Danaher Corp. The most notable sale was the full exit from Kinder Morgan Inc.

Across all 8 quarters on file, Analog Devices Inc has appeared in every filing, as has Alphabet Inc. Analog Devices Inc currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

Steven Romick holds 2 positions now in the strike zone. See the full strike-zone list

Sources· SEC EDGAR 13F as of 2026-06-30 · filed 2026-08-14

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