Clients
First Pacific Advisors serves 42 clients, 21 of them pooled investment vehicles. The average client has about $762 million with the firm, and high-net-worth clients hold 0% of its $32 billion in assets.
- Investment companies8 clients82%
- Pooled investment vehicles21 clients15%
- OtherHigh-net-worth individuals, Pension and profit-sharing plans, Charitable organizations, Corporations and other businesses3%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 1 | $1,057 | 0.0% | $1K |
| Investment companies | 8 | $26,395,603,512 | 82.5% | $3.30B |
| Pooled investment vehicles | 21 | $4,753,244,024 | 14.9% | $226.3M |
| Pension and profit-sharing plans | 8 | $501,050,845 | 1.6% | $62.6M |
| Charitable organizations | 3 | $352,502,768 | 1.1% | $117.5M |
| Corporations and other businesses | 1 | $255,165 | 0.0% | $255K |
| Total | 42 | $32,002,657,371 | 100% | $762.0M |
- Clients
- 1
- Regulatory AUM
- $1,057
- Share
- 0.0%
- Avg. per client
- $1K
- Clients
- 8
- Regulatory AUM
- $26,395,603,512
- Share
- 82.5%
- Avg. per client
- $3.30B
- Clients
- 21
- Regulatory AUM
- $4,753,244,024
- Share
- 14.9%
- Avg. per client
- $226.3M
- Clients
- 8
- Regulatory AUM
- $501,050,845
- Share
- 1.6%
- Avg. per client
- $62.6M
- Clients
- 3
- Regulatory AUM
- $352,502,768
- Share
- 1.1%
- Avg. per client
- $117.5M
- Clients
- 1
- Regulatory AUM
- $255,165
- Share
- 0.0%
- Avg. per client
- $255K
Total
- Clients
- 42
- Regulatory AUM
- $32,002,657,371
- Share
- 100%
- Avg. per client
- $762.0M
What it does
First Pacific Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
First Pacific Advisors advises 13 private funds.
100.0% of assets ($32.00B across 41 accounts) are managed with discretion. 7% of clients are outside the U.S., and 1 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks45%
- Bonds38%
- U.S. government and agency bonds35%
- Investment grade corporate bonds3%
- Cash3%
- Other14%
- Non-agency asset backed securities, non-agengy collateralized mortgage obligations and term loans14%
Custodians
First Pacific Advisors’ client accounts are held mainly at Northern Trust Securities, with 1% of managed assets, and BNY Mellon Capital Markets, with 1%. First Pacific Advisors has custody of $1.47B for 13 clients.
- Northern Trust SecuritiesNorthern Trust Securities, Inc. · Chicago, IL · $378.0M1%
- BNY Mellon Capital MarketsBNY Mellon Capital Markets, LLC · New York, NY · $254.6M1%
- OtherU.S. Bank Institutional Trust & Custody, UBS Securities, All other custodians98%
Ownership and leadership
Steven Romick owns 50% to 75% of First Pacific Advisors, and Steven Romick is its CEO.
- Owns 50% to 75% of First Pacific Advisors, LP
Steven Romick
Control person · since September 2006
- Owns 10% to 25% of First Pacific Advisors, LP
Mark Landecker
Control person · since January 2013
- Owns 10% to 25% of First Pacific Advisors, LP
Brian Selmo
Control person · since January 2013
- Owns 10% to 25% of First Pacific Advisors, LP
Abhijeet Patwardhan
Control person · since January 2017
Leadership
- Steven RomickDirector & Chief Executive Officer of the General Partner
- Edwin SetzlerTreasurer & Chief Financial Officer of the General Partner
- David BrookmanDirector & Chief Operating Officer of the General Partner
- Eric BrownChief Compliance Officer; Secretary & Chief Legal Officer of the General Partner
- Jeffrey HancockPartner
- Mark LandeckerPartner
- Ryan LeggioPartner
- Abhijeet PatwardhanPartner
- Brian SelmoPartner
Staff
- 73 employees
- 21 in advisory functions
- 18 broker-dealer reps
- 1 soliciting firm
Reported holdings
First Pacific Advisors’ reported 13F holdings total $8.09B across 75 positions, and the ten largest make up 50.8% of it.
- $8.09B
- Reported 13F value
- 75
- Positions
- 50.8%
- In the 10 largest
- +13.3%
- Value vs. prior quarter
- Analog Devices Inc.7.8%
- Alphabet Inc. · Cap Stk CL A6.2%
- Alphabet Inc. · Cap Stk CL C5.8%
- International Flavors&fragra5.3%
- Citigroup Inc.5.2%
- Meta Platforms Inc. · CL A4.7%
- Amazon Com Inc.4.0%
- Becton Dickinson & CO3.9%
- TE Connectivity PLC3.9%
- Gallagher Arthur J & CO3.8%
Together, the ten largest are 50.8% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $8.09B is not its $32.00B in regulatory assets and does not represent any individual client's portfolio.
Fees
First Pacific Advisors is paid through a percentage of assets under management and performance-based fees.
First Pacific Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, First Pacific Advisors has 17 offices (14 private residences, listed without an address), with 4 listed addresses across 2 states.
California · 3 listed addresses
- 2101 East El Segundo BLVD., Suite 301, El SegundoHQ
- 1299 Ocean Ave, Santa Monica
- 3 Upper Newport Plaza Drive, Newport Beach
Connecticut · 1 listed address
- 1 Chestnut Street, Norwalk
Registration details
- Legal name
- First Pacific Advisors, LP
- Headquarters
- 2101 East El Segundo BLVD., Suite 301, El Segundo, CA 90245
- Phone
- 800-982-4372
- Website
- Not reported
- SEC file
- 801-67160
- Structure
- Delaware limited partnership
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does First Pacific Advisors have?
First Pacific Advisors has 42 clients and manages $32 billion for them, as of July 2026. They include 21 pooled investment vehicles, 8 investment companies and 8 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 July 2026
What services does First Pacific Advisors offer?
First Pacific Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does First Pacific Advisors use?
First Pacific Advisors’ separately managed account assets are held at Northern Trust Securities, Inc. (Chicago, IL), with $378,046,135, BNY Mellon Capital Markets, LLC (New York, NY), with $254,612,213, UBS Securities LLC (New York, NY), with $124,827,834 and U.S. Bank Institutional Trust & Custody (Minneapolis, MN), with $94,369,948. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 July 2026
How many financial advisors does First Pacific Advisors have?
First Pacific Advisors has 0 investment adviser representatives registered with state securities authorities, out of 73 employees, and 21 perform investment advisory functions. 18 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does First Pacific Advisors invest in?
At the end of its last fiscal year, First Pacific Advisors’ separately managed accounts held 45% exchange-traded equities, 35% U.S. government and agency bonds, 14% non-agency asset backed securities, non-agengy collateralized mortgage obligations and term loans, 3% investment grade corporate bonds and 3% cash and equivalents. It advises 13 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns First Pacific Advisors?
First Pacific Advisors’ direct owners are Steven Romick (50% to 75%), Mark Landecker (10% to 25%), Brian Selmo (10% to 25%) and Abhijeet Patwardhan (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 20 July 2026
How does First Pacific Advisors get paid?
First Pacific Advisors is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
