First Pacific Advisors released its third-quarter 2025 investor letter for the “FPA Source Capital,” with a net asset value gain of 4.59% in the quarter and 13.76% over the last 12 months. The fund’s top five equity performers added 4.82% to its return, while bottom five detractors reduced it by 2.03%. Alphabet Inc. (NASDAQ:GOOG) was highlighted in the letter, with a one-month return of 10.77% and shares gaining 81.75% over the last 52 weeks, closing on December 3 at $322.09 per share. The company’s stock has risen five-fold since the fund’s initial purchases. In Q3, Alphabet Inc. (NASDAQ: GOOG) achieved $100 billion in revenue.

Read more at Yahoo Finance: Here’s Why FPA Source Capital Continues to Hold Alphabet (GOOG)