Microsoft Corporation (MSFT), Oracle Corporation (ORCL) and Aon PLC (AON): First Pacific Advisors’ Top Stock Picks

First Pacific Advisors LLC was founded in 1954 as Shareholders Management Company, changing its name to First Pacific Advisors in 1976. Currently run by Robert Rodriguez, First Pacific manages a number of funds that specialize in six different investment strategies: absolute fixed income, contrarian value, global value, international value, small/mid-cap quality, and small/mid-cap absolute value. According to First Pacific Advisors LLC’s latest 13F filing, tech stocks account for 31.3% of the equity portfolio, while the investments in financial and healthcare companies represent 14.6% and 14.2% respectively. The portfolio has an estimated market value of $12.3 billion, up from $11.4 billion at the end of March, 2014.

Microsoft Corporation (NASDAQ:MSFT)

First Pacific Advisors’ biggest bet is on Microsoft Corporation (NASDAQ:MSFT), the Redmond-based tech giant. During the second quarter of 2014, Robert Rodriguez has slightly increased his fund’s stake in the company to 16.9 million shares. The position has an estimated value of $705 million. Jeffrey Ubben, the manager of ValueAct Capital, is also a fan of Microsoft Corporation (NASDAQ:MSFT), having increased his fund’s investment in the company by 5% during the same period of time. Valueact Capital reportedly holds 74.2 million shares with an estimated worth of $3.09 billion.

The second biggest equity position is held by another tech giant - Oracle Corporation (NYSE:ORCL). Rodriguez is still bullish on the stock and has boosted his fund’s position by 2% during Q2. As a result, Firs Pacific Advisors currently holds 15.8 million shares worth approximately $640 million. Jean-Marie Eveillard is also optimistic about the prospects of Oracle Corporation (NYSE:ORCL) with his fund, First Eagle Investment Management, reporting ownership of 33.2 million shares in its latest 13F filing, an investment valued at $1.34 billion.

First Pacific Advisors’  third largest equity position is in Aon plc Class A Ordinary Shares (UK) (NYSE:AON), the British insurance broker. During the second quarter of this year, Rodriguez has made no changes to his fund’s investment in the company: 6.6 million shares worth in excess of $595 million, according to its latest 13F filing. Boykin Curry, on the other hand, has decided to trim his fund’s exposure to the stock and has reduced it by 9%. As a result, Eagle Capital Management now holds 14.6 million shares valued at approximately $1.32 billion.

Disclosure: none.

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