FPA
Dec 2024 → Mar 2026 · Publishes twice a year · 3 funds
Our archive holds 4 letters from FPA, behind 3 investment theses. Every quote below is copied verbatim from the letter it came from.
FPA’s own letters page4
Letters
0
Companies
0
Moves
3
Theses
Theses · 3
- March 2026
TD Synnex is a well-run global IT distributor with scale advantages, diversification into higher-value services, and attractive earnings growth at a modest valuation.
Read the full thesis - March 2026
Fabrinet is a niche optical networking contract manufacturer with strong growth, expanding margins, data center tailwinds, and long-term compounder potential.
Read the full thesis - December 2024
LG Corp’s diversified holdings, strong balance sheet, and attractive valuation support a compelling investment case
Read the full thesis
Letter archive · 4
Funds · 3
- FPA Queens Road Small Cap Value Fund2
- FPA New Income Fund1
- FPA Source Capital1
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