FPA Funds 31 Follower s Comments Summary We continue to re-balance the risk and reward in the portfolio. Both the Fund and the Russell 2000 Index performed well during the third quarter of 2025. We did not add any new positions in the third quarter. We did not have any significant reductions to our holdings in the quarter. The following segment was excerpted from the FPA Queens Road Small Cap Value Fund Q3 2025 Commentary. We continue to re-balance the risk and reward in the portfolio. Both the Fund and the Russell 2000 This article was written by 31 Follower s FPA is a Los Angeles-based institutional money management firm practicing a disciplined approach to value investing, prudently seeking superior long-term returns while maintaining a focus on capital preservation. For inquiries or communication, please use FPA’s official channels. Comments Recommended For You.
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