First Pacific Advisors LLC disclosed in a filing on December 31, 2018 that it increased its stake in LPL Financial Holdings, Inc.

Mar 03, 2019
Institutional Holdings Changes
Background Information
FPA uses a variety of sources of information to facilitate methods of analysis. In formulating investment strategies, they may consult with research analysts, specific broker-dealers, economists and others. The firm may also attend company presentations, participate in interviews and industry sponsored conferences and may also engage in discussions with management and others having business with the company or expertise in a particular industry. FPA’s equity and fixed income styles are linked by a common fundamental value orientation. The firm provides management services primarily in a value investment style for the following products: Absolute Fixed Income, Contrarian Value, International Value, Small/Mid-Cap Absolute Value, US Value, and World Value. They may also develop other investment strategies from time to time and manage portfolios according to a client’s specific investment guidelines, thus strategies may vary by client account.