Markets

Insider Trading

Hedge Funds

Retirement

Opinion

FPA Crescent Fund’s Q1 2026 Investor Letter

Investment management company First Pacific Advisors recently released its “FPA Crescent Fund” first-quarter 2026 investor letter. The Fund (Institutional Class) returned -1.55% in the first quarter, while achieving a 16.06% gain in the trailing twelve months. Its twelve-month return was 80.3% of the global market (MSCI AWCI), outperforming its average net risk exposure of 63.8% during the same period. In addition, please check the Fund’s top five holdings to know its best picks in 2026.

A copy of FPA Crescent Fund’s Q1 2026 investor letter can be downloaded here.