FPA Crescent Fund’s Q3 2022 Investor Letter

Investment management company First Pacific Advisors recently released its “FPA Crescent Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the quarter, the fund returned -4.71% compared to a -4.88% return for the S&P 500 Index. In the trailing twelve months, the fund declined 14.68%. However, in the third quarter, the fund performed favorably in the equity market. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.