Hemenway Trust Co LLC FPACX FPA CRESCENT FUND

Ownership history in Hemenway Trust Co LLC  ·  52 quarters on record

AI Ownership Summary

Hemenway Trust Co LLC reported FPA CRESCENT FUND (FPACX) in 52 quarterly 13F filings from 2023 Q4 through 2026 Q1. Peak portfolio weight reached 0.41% in 2025 Q2. The latest visible filing shows FPACX at 0.33% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this FPACX ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was Hemenway Trust Co LLC's position in FPA CRESCENT FUND, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2026 Q1

FPACX was reported at 0.33% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.41% in 2025 Q2

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2023 Q4 to 2026 Q1

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

How Hemenway Trust Co LLC held FPACX — position size vs. price
% of Fund (quarterly)    FPACX price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 10 quarters  
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q1 ADDED 95,513 +5,364 +6.0% 0.33% $4.1M 2026-05-07 $45.08
2025 Q4 ADDED 90,149 +418 +0.5% 0.30% $3.9M 2026-02-03 $44.33
2025 Q3 REDUCED 27.5% +3.4% 89,731 -34,052 -27.5% 0.31% $4.1M 2025-11-07 $41.70
2025 Q2 ADDED 123,783 +7,075 +6.1% 0.41% $5.3M 2025-07-23 $40.61
2025 Q1 ADDED 116,708 +42,305 +56.9% 0.38% $4.7M 2025-04-18 $35.40
2024 Q4 ADDED 74,403 +26,782 +56.2% 0.24% $3.0M 2025-02-13 $38.14
2024 Q3 ADDED 47,621 +6,028 +14.5% 0.16% $2.0M 2024-11-05 $36.45
2024 Q2 UNCHANGED 41,593 0% 0.15% $1.7M 2024-08-05 $33.99
2024 Q1 UNCHANGED 41,593 0% 0.15% $1.7M 2024-05-06 $34.02
2023 Q4 UNCHANGED 41,593 0% 0.15% $1.6M 2024-02-13 $32.38
42 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding FPACX

As of 2026 Q1 — sorted by position size

Broderick Brian C 3Y 7Y 1.65% Ethos Financial Group, LLC 3Y 0.11%

FAQ About Hemenway Trust Co LLC and FPACX

These are the practical questions this page is built to answer before you even open the full history table.

How long has Hemenway Trust Co LLC reported owning FPACX?

Hemenway Trust Co LLC reported FPACX across 10 quarterly 13F filings, from 2023 Q4 through 2026 Q1.

What was the largest reported FPACX position in Hemenway Trust Co LLC's portfolio?

The largest reported portfolio weight for FPACX was 0.41% in 2025 Q2.

What is the latest reported FPACX position on this page?

The most recent filing on this page is 2026 Q1, when Hemenway Trust Co LLC reported 95,513 shares, equal to 0.33% of portfolio, with an estimated market value of $4.1M.

What does the chart on this FPACX ownership page compare?

The chart compares Hemenway Trust Co LLC's quarterly FPACX portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did Hemenway Trust Co LLC time their FPACX position?

Based on 13F filing dates vs. subsequent FPACX price moves, Hemenway Trust Co LLC correctly timed 17 out of 28 reported position changes (61%). The annualised alpha on FPACX relative to SPY over the holding period was -4.6%.

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