LETTERS

FPA Crescent Fund 2025 Q3 Letter

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Fund:

FPA Crescent Fund

Key Person: Mark Landecker, Steven Romick

Tickers in this letter

7974.T, ADI, AMZN, C, CMCSA, FERG.L, GLEN.L, GOOGL, HOLN.SW, IFF, KMX, META, PRX.AS, RI.PA, SAF.PA, TEL, WFC

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