FPA Capital Fund Sells Six

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As of April 10, 2013, the portfolio of First Pacific Advisors ( FPA ) Capital Fund, managed by Dennis Bryan and Rikard Ekstrand, is valued at $8.5 billion and holds 27 stocks, two of them new. The fund has a quarter-over-quarter turnover of 3%. As of quarter ending March 31, 2013, FPA reduced its position in six stocks:

Trinity Industries ( TRN )

In first quarter 2013, FPA Capital reduced its position in Trinity Industries ( TRN ) by 75.02%, reducing total shares to 353,600 shares after the trade. The current TRN share price is $43. The stock is up 38% over the last 12 months.

Selling 1,061,900 shares at an average of $41.12 brought a 2.7% gain.

FPA's holding history:



Western Digital Corporation ( WDC )

FPA Capital also reduced its position with Western Digital Corporation ( WDC ) by 27.13%, leaving the fund a total of 1,469,100 shares. The current WDC share price is $52.61, with a change from average up 12%.

Selling 547,000 shares at an average of $47.10 made for a 9.5% gain.

FPA's holding history:



Encsco PLC ( ESV )

FPA Capital Fund reduced its Encsco PLC ( ESV ) position by 29.97%, reducing total shares to 842,600 after the trade. The current share price for ESV is $58.75. The stock is up 14% over the last 12 months.

Selling 32,000 shares at an average of $61.11, the fund lost 3.3%.



Signet Jewelers Ltd. ( SIG )

FPA also reduced its position with Signet Jewelers Ltd. ( SIG ) by 46.27%, same quarter ending, leaving a total of 219,700 shares after the trade. The current SIG share price is $68.33, with a change from average up 12%.

Selling189, 200 SIG shares at an average price of $61.17 realized a gain of 12.1%.



Cabot Oil & Gas Corporation ( COG )

FPA Capital Fund also reduced its position with Cabot Oil & Gas Corporation ( COG ) by 47%, same quarter ending, reducing total shares to 100,600 shares after the trade. The current COG share price is $69.61, with a change f�rom average up 21%.

Selling 109,200 COG shares at an average price of $50.13 made a gain of 40%.



Veeco Instruments Inc. ( VECO )

FPA also reduced its position with Veeco Instruments Inc. ( VECO ) by 21.36%, same quarter ending, leaving the fund with a total of 330,700 shares. The current VECO share price is $37.71, with a change from average up 17%.

Selling 89,800 VECO shares at an average price of $32.20 realized a gain of 15.7%.



FPA Capital's top buys, sells and holdings:



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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: ESV , FPA , SIG , TRN , WDC

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