First Pacific Advisors Portfolio Shifts in Q2 2026
This analysis details significant changes observed in First Pacific Advisors' holdings during the second quarter of 2026, highlighting notable purchases and sales.
As reported for the period ending June 30th, 2026, First Pacific Advisors Lp's portfolio saw several noteworthy adjustments. The firm's holdings experienced a mix of buying and selling activities across various sectors.
Major Purchases Observed This Quarter
Financial Services: First Pacific Advisors significantly bolstered its position in the Financial Services sector during Q2 2026. The firm notably increased its stake in Gallagher Arthur J & Co (AJG), acquiring an additional 948,603 shares representing a substantial 244.68% increase from the previous period.
Healthcare: The investor also demonstrated strong interest in Healthcare companies this quarter. DanaHER Corp (DHR) saw its stake purchased entirely, as evidenced by First Pacific Advisors acquiring all shares held previously (827,379 shares) resulting in a 100% increase. Similarly, GE Healthcare Technologies I (GEHC) experienced a full purchase with an acquisition of 827,379 shares, also indicating a complete buy-in.
Technology: Technology holdings were another area where First Pacific Advisors showed buying activity. The firm purchased all available shares in SAP SE (SAP), acquiring exactly the number previously held (555,426 shares) leading to a 100% increase for this stock.
Significant Sales and Portfolio Adjustments
Sector Realignment: The investor's portfolio allocation saw shifts. While Technology remains the largest sector (7.85%), Communication Services experienced notable reductions, with Alphabet Inc (GOOGL) decreasing by 16.33% in share count and Meta Platforms Inc (META) also showing a slight reduction (-0.11%).
Consumer Cyclical: In the Consumer Cyclical space, First Pacific Advisors disposed of significant holdings. The firm sold out its position in Marriott International Inc New (MAR), reducing shares by 92.08% to just 18,450 remaining. Additionally, Vail Resorts Inc (MTN) saw a reduction of approximately 37.6% (-128,609 shares) from its previous quarter level.
Healthcare and Other Sectors: Elsewhere, the investor disposed of some holdings entirely or significantly reduced them. Analog Devices Inc (ADI) experienced a 7.23% reduction in portfolio weight (-124,629 shares). Similarly, Becton Dickinson & Co (BDX) saw its stake decrease by about 5.8% (-130,354 shares) and TE Connectivity PLC (TEL) was reduced by roughly 6.04% (-99,752 shares). The firm also sold out its position in ICON Public Ltd Co (ICLR), reducing portfolio allocation from 1.3% to 0.
The overall changes reflect a dynamic quarter for First Pacific Advisors, involving substantial new purchases in specific stocks and adjustments across several sectors including Technology, Communication Services, Healthcare, and Consumer Cyclical. These actions indicate the firm's active management of its portfolio during Q2 2026.