LongADIJul 2026
Analog Devices, Inc.
Analog Devices is a leading analog and mixed-signal semiconductor supplier that benefited from strong demand across AI infrastructure, industrial automation and communications…
FPA Crescent Fund, advised by First Pacific Advisors, LP
Flexible global absolute-return strategy seeking equity-like long-term returns with less risk through long equities, selective shorts, credit and cash.$12.7B AUM4 published ideas
FPA Crescent Fund is a flexible global strategy managed by First Pacific Advisors, LP. The fund emphasizes high-quality businesses, strong balance sheets, good management and conservative valuation math, while accepting large cash balances and modest short exposure when opportunities are scarce. Portfolio net assets were about 12.7 billion dollars by July 31, 2026. ([fundresearch.fidelity.com][4]) Non-U.S. listing identifiers below were cross-checked with issuer or exchange sources. ([samsungcnt.com][5])
Ideas from FPA Crescent Fund, advised by First Pacific Advisors, LP
Long028260.KSJul 2026
Samsung C&T Corporation
Samsung C&T gives the fund exposure to the broader Samsung ecosystem at a time when demand for AI-related semiconductors and memory products is surging. Investors increasingly…
Long7974.TJul 2026
Nintendo Co., Ltd.
Nintendo remained a holding despite modestly detracting from performance during the period. Operationally, the company benefited from the successful launch and adoption of the…
LongPRX.ASJul 2026
Prosus N.V.
Prosus owns a portfolio of global technology and e-commerce businesses and remains one of Tencent's largest shareholders. The company reported accelerating profitability across…
Letters covered
- FPA Crescent Fund - 2Q 2026 CommentaryJuly 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.