FPA Source Capital’s Q3 2025 Investor Letter

Investment management company First Pacific Advisors recently released its third-quarter 2025 investor letter for the “FPA Source Capital.” In the third quarter, the net asset value of the fund gained 4.59% and 13.76% for the trailing 12 months. Regarding the Fund’s recent performance, over the past twelve months, Source’s top five equity performers added 4.82% to its return, whereas its bottom five detractors reduced it by 2.03%. Additionally, you can check the fund’s top 5 holdings to determine its best picks for 2025.

A copy of FPA Source Capital’s Q3 2025 investor letter can be downloaded here.