FPA Crescent Fund’s Q4 2022 Investor Letter

Investment management company First Pacific Advisors recently released its “FPA Crescent Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund returned 8.42% compared to a 7.56% return for the S&P 500 Index. The fund delivered a -9.20% return in 2022 compared to a -18.11% return for the S&P 500 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.