First Eagle Investment Management

Matthew McLennan, Julien Albertini, Manish Gupta

In Q2 2026, First Eagle Investment Management held 419 US-listed stocks worth $61bn. Its biggest move was buying Booking Holdings (now 1.4% of the portfolio), followed by cutting Texas Instruments (99% fewer shares, now 0.0%). It started 41 new positions and sold out of 37. Its largest holding is Alphabet at 4.6%.

Source: SEC Form 13F for Q2 2026, filed 24 Aug 2026, and the funds’ Form N-PORT filings. How we use them

Latest 13F

Q2 2026

Filed 24 Aug 2026

Fund assets

$94bn

2 US-registered funds

Q3 2026 13F due

26 days

Expected Wed 11 Nov

What changed in Q2 2026

New positions

Booking Holdings1.4% of the portfolio
Warrior Met Coal0.5% of the portfolio
Griffonunder 0.1% of the portfolio
Synapticsunder 0.1% of the portfolio
Star Bulk Carriersunder 0.1% of the portfolio

Added to

Automatic Data Processing+82% shares, now 1.9%
Elevance Health+1.4% shares, now 2.7%
Microsoft+46% shares, now 1.2%
Fomento Economico Mexicano+0.8% shares, now 2.7%
Medtronic+37% shares, now 1.8%

Trimmed

Texas Instruments-99% shares, now 0.0%
Expeditors International of Washington-66% shares, now 0.5%
Imperial Oil-2.7% shares, now 2.5%
CH Robinson Worldwide-36% shares, now 1.1%
Agnico Eagle Mines0.0% shares, now 1.3%

Sold out

Versant Media Groupwas 0.1%
Thermon Group Holdingswas under 0.1%
Eagle Materialswas under 0.1%
Spdr S&P 500 Etf Trustwas under 0.1%
Beazer Homes USAwas under 0.1%

Against Q1 2026, by number of shares and adjusted for splits. Up to five of each, largest first; the full list is below.

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50% of the $81bn of shares held in First Eagle Investment Management’s 2 US-registered funds, by value, are not in its 13F. Those holdings are marked with a gold dot below.

US holdings from the 13F

Q2 2026, filed 24 Aug 2026 (filing): 41 new, 258 added to, 100 trimmed, 37 sold out. Select a row to see it over time. How this works

Changes compare share counts with Q1 2026, adjusted for stock splits. Share classes of the same company are combined. Values are at quarter-end prices.

13F holdings with change from the previous quarter

AlphabetGOOG	$2.8bn	7,835,174	4.6%$2.8bn	Trimmed -8.9%	4.2%
Becton Dickinson & CoBDX	$2.1bn	13,815,335	3.4%$2.1bn	Added +16%	3.2%
Meta PlatformsMETA	$1.8bn	3,217,353	3.0%$1.8bn	Added +0.8%	3.1%
Taiwan Semiconductor ManufacturingTSM	$1.8bn	3,745,597	2.9%$1.8bn	Trimmed -4.0%	2.2%
Fomento Economico MexicanoFMX	$1.7bn	13,008,276	2.7%$1.7bn	Added +0.8%	2.4%
Elevance HealthELV	$1.6bn	4,188,196	2.7%$1.6bn	Added +1.4%	2.0%
Wheaton Precious MetalsWPM	$1.6bn	14,215,147	2.6%$1.6bn	Added +0.4%	3.1%
Imperial OilIMO	$1.5bn	13,590,697	2.5%$1.5bn	Trimmed -2.7%	3.1%
SchlumbergerSLB	$1.3bn	28,913,733	2.2%$1.3bn	Added +1.9%	2.5%
BNYBK	$1.3bn	9,266,915	2.2%$1.3bn	Trimmed -6.1%	2.0%
HCA HealthcareHCA	$1.3bn	3,295,565	2.1%$1.3bn	Added +1.3%	2.6%
OracleORCL	$1.2bn	8,516,878	2.0%$1.2bn	Added +1.0%	2.1%
WeyerhaeuserWY	$1.2bn	51,179,282	2.0%$1.2bn	Added +11%	1.9%
Willis Towers WatsonWTW	$1.2bn	4,475,860	1.9%$1.2bn	Added +3.1%	2.1%
Automatic Data ProcessingADP	$1.2bn	5,173,929	1.9%$1.2bn	Added +82%	1.0%
SalesforceCRM	$1.1bn	7,306,034	1.9%$1.1bn	Added +19%	1.9%
Franco NevadaFNV	$1.1bn	5,273,317	1.8%$1.1bn	Trimmed 0.0%	2.2%
AmbevABEV	$1.1bn	349,323,217	1.8%$1.1bn	Added +0.7%	1.7%
NewmontNEM	$1.1bn	11,570,326	1.8%$1.1bn	Trimmed -3.8%	2.2%
WorkdayWDAY	$1.1bn	8,824,517	1.8%$1.1bn	Added +16%	1.7%
MedtronicMDT	$1.1bn	13,783,983	1.8%$1.1bn	Added +37%	1.5%
Philip Morris InternationalPM	$1.1bn	5,925,468	1.8%$1.1bn	Added +0.6%	1.6%
OneokOKE	$1.0bn	11,834,827	1.7%$1.0bn	Added +1.3%	1.8%
ComcastCMCSA	$937m	38,172,985	1.5%$937m	Added +1.0%	1.8%
Spdr Gold TrustGLD	$918m	2,491,623	1.5%$918m	Added +1.5%	1.8%
Booking HoldingsBKNG	$876m	4,916,494	1.4%$876m	New	–
Exxon MobilEXMOC	$828m	6,057,069	1.4%$828m	Trimmed -2.9%	1.8%
Agnico Eagle MinesAEM	$806m	5,192,638	1.3%$806m	Trimmed 0.0%	1.8%
PPG IndustriesPPG	$790m	6,509,824	1.3%$790m	Added +1.2%	1.2%
Bio-Rad LaboratoriesBIO	$765m	2,606,219	1.3%$765m	Added +0.1%	1.2%
Brown & BrownBRO	$752m	11,727,514	1.2%$752m	Added +33%	1.0%
Colgate-PalmoliveCL	$752m	8,205,699	1.2%$752m	Added +1.1%	1.2%
International Flavors & FragrancesIFF	$745m	9,409,698	1.2%$745m	Added +1.0%	1.1%
Barrick MiningB	$732m	19,918,298	1.2%$732m	Trimmed -3.2%	1.4%
MicrosoftMSFT	$724m	1,940,215	1.2%$724m	Added +46%	0.8%
CH Robinson WorldwideCHRW	$686m	3,642,453	1.1%$686m	Trimmed -36%	1.6%
Universal Health ServicesUHS	$677m	4,554,670	1.1%$677m	Added +2.9%	1.3%
Equity ResidentialVMRK	$647m	9,529,108	1.1%$647m	Added +0.6%	0.9%
BXPBXP	$628m	9,467,247	1.0%$628m	Added +1.3%	0.8%
NutrienNTR	$628m	9,971,263	1.0%$628m	Trimmed -0.2%	1.3%
NOVNOV	$569m	30,684,691	0.9%$569m	Trimmed -16%	1.2%
American ExpressAXP	$568m	1,680,147	0.9%$568m	Added +1.1%	0.8%
Extra Space StorageEXR	$563m	3,876,997	0.9%$563m	Added +1.0%	0.8%
US BancorpUSB	$551m	9,123,058	0.9%$551m	Added +1.2%	0.8%
Omnicom GroupOMC	$535m	7,343,209	0.9%$535m	Added +0.5%	0.9%
FiservFISV	$533m	10,857,773	0.9%$533m	Added +45%	0.7%
NobleNE	$521m	13,957,162	0.9%$521m	Added +2.9%	1.1%
Dollar GeneralDG	$518m	4,500,001	0.8%$518m	Added +1.0%	0.9%
Walt DisneyDIS	$517m	5,375,293	0.8%$517m	Added +2.3%	0.9%
Charter CommunicationsCHTR	$510m	3,587,347	0.8%$510m	Added +0.2%	1.3%
WatersWAT	$501m	1,335,108	0.8%$501m	Trimmed -15%	0.8%
Berkshire HathawayBRK.B	$457m	68,191	0.8%$457m	Added +17%	0.7%
Carlisle CompaniesCSL	$448m	1,234,540	0.7%$448m	Added +56%	0.5%
Cullen/Frost BankersCFR	$429m	2,777,658	0.7%$429m	Added +23%	0.5%
Fidelity National FinancialFNF	$423m	8,977,002	0.7%$423m	Added +1.1%	0.7%
Magnum ICE CreamMICC	$401m	23,021,501	0.7%$401m	Added +1.4%	0.6%
IPG PhotonicsIPGP	$392m	3,338,881	0.6%$392m	Trimmed -27%	0.9%
CumminsCMI	$383m	536,868	0.6%$383m	Trimmed -30%	0.7%
Deere & CoDE	$341m	536,879	0.6%$341m	Added +0.7%	0.5%
Expeditors International of WashingtonEXPD	$329m	2,020,988	0.5%$329m	Trimmed -66%	1.4%
Warrior Met CoalHCC	$315m	3,879,058	0.5%$315m	New	–
Alamos GoldAGI	$187m	6,169,791	0.3%$187m	Unchanged	0.5%
Cia Cervecerias UnidasCCU	$181m	16,119,532	0.3%$181m	Trimmed 0.0%	0.3%
Royal GoldRGLD	$172m	861,786	0.3%$172m	Trimmed -6.1%	0.4%
Douglas EmmettDEI	$165m	13,958,328	0.3%$165m	Added 0.0%	0.2%
Ferguson EnterprisesFERG	$156m	659,054	0.3%$156m	Added +4.1%	0.3%
Kinross GoldKGC	$152m	6,414,993	0.3%$152m	Trimmed -10%	0.4%
Anglogold AshantiAU	$121m	1,490,679	0.2%$121m	Unchanged	0.3%
Gold FieldsGFI	$119m	3,535,804	0.2%$119m	Unchanged	0.3%
Pan American Silver CpPAAS	$108m	2,417,389	0.2%$108m	Unchanged	0.2%
British American TobaccoBTI	$106m	1,718,852	0.2%$106m	Added +3.0%	0.2%
Spdr Series TrustBIL	$98.7m	1,077,155	0.2%$98.7m	Trimmed -21%	0.2%
ShellRDS.A	$83.2m	1,073,265	0.1%$83.2m	Added +1.5%	0.2%
Enterprise Products PartnersEPD	$72.0m	1,958,036	0.1%$72.0m	Added +0.9%	0.1%
UnileverUL	$50.7m	842,507	0.1%$50.7m	Added +4.5%	0.1%
Ultra Clean HoldingsUCTT	$49.6m	347,930	0.1%$49.6m	Trimmed -20%	0.1%
Orla MiningOLA	$46.6m	4,767,826	0.1%$46.6m	Unchanged	0.1%
Novagold ResourcesNG	$44.7m	7,485,429	0.1%$44.7m	Trimmed -18%	0.1%
DiageoDEO	$44.5m	554,155	0.1%$44.5m	Added +248%	0.0%
Vishay IntertechnologyVSH	$43.9m	816,213	0.1%$43.9m	Trimmed -23%	0.0%
Silicon Motion TechnologySIMO	$41.9m	125,737	0.1%$41.9m	Trimmed -25%	0.0%
Coca-Cola FemsaKOF	$41.7m	392,739	0.1%$41.7m	Unchanged	0.1%
Lloyds Banking GroupLYG	$40.8m	7,001,757	0.1%$40.8m	Trimmed -5.4%	0.1%
CohuCOHU	$40.5m	548,533	0.1%$40.5m	Added +16%	0.0%
HaleonHLN	$39.4m	4,224,856	0.1%$39.4m	Added +4.8%	0.1%
Bank of AmericaBAC	$37.2m	29,641	0.1%$37.2m	Unchanged	0.1%
Brookdale Senior LivingBKD	$37.0m	2,300,347	0.1%$37.0m	Added +23%	0.0%
B2goldBTG	$36.4m	9,702,684	0.1%$36.4m	Unchanged	0.1%
Hinge HealthHNGE	$35.7m	430,142	0.1%$35.7m	Added +28%	0.0%
MaterionMTRN	$35.5m	119,300	0.1%$35.5m	Added +17%	0.0%
Veeco InstrumentsVECO	$35.2m	463,853	0.1%$35.2m	Added +19%	0.0%
Benchmark ElectronicsBHE	$34.6m	350,964	0.1%$34.6m	Added +18%	0.0%
Advanced Energy IndustriesAEIS	$34.1m	91,535	0.1%$34.1m	Added +12%	0.0%
EnproNPO	$34.0m	90,130	0.1%$34.0m	Added +29%	0.0%
RELXRELX	$33.0m	1,040,886	0.1%$33.0m	Added +30%	0.1%
DucommunDCO	$32.7m	176,376	0.1%$32.7m	Added +15%	0.0%
RogersROG	$30.8m	188,268	0.1%$30.8m	Added +43%	0.0%
Lincoln Educational ServicesLINC	$30.7m	615,530	0.1%$30.7m	Trimmed -10%	0.1%
Onto InnovationONTO	$30.0m	79,294	0.1%$30.0m	Added +85%	0.0%
Wells Fargo & CompanyWFC	$29.8m	25,741	0.1%$29.8m	Unchanged	0.1%
Ameris BancorpABCB	$29.7m	328,929	0.1%$29.7m	Added +33%	0.0%
Ttm TechnologiesTTMI	$29.4m	157,414	0.1%$29.4m	Trimmed -30%	0.0%
Installed Building ProductsIBP	$29.3m	127,563	0.1%$29.3m	Added +100%	0.0%
ITAU Unibanco Holdings S.A. ADITUB	$28.9m	3,536,156	0.1%$28.9m	Added +6.8%	0.1%
PlexusPLXS	$27.7m	92,077	0.1%$27.7m	Added +36%	0.0%
Kaiser AluminumKALU	$27.1m	138,431	0.0%$27.1m	Added +25%	0.0%
Quaker HoughtonKWR	$25.9m	162,974	0.0%$25.9m	Added +72%	0.0%
Old National Bancorp IndONB	$25.6m	986,998	0.0%$25.6m	Added +42%	0.0%
Ceco EnvironmentalCECO	$24.9m	274,322	0.0%$24.9m	Added +13%	0.0%
Spectrum Brands HoldingsSPB	$24.8m	289,122	0.0%$24.8m	Added +25%	0.0%
Mama’s CreationsMAMA	$24.6m	1,379,289	0.0%$24.6m	Added +13%	0.0%
Universal Technical InstituteUTI	$24.4m	570,235	0.0%$24.4m	Added +21%	0.0%
Remitly GlobalRELY	$24.0m	1,072,754	0.0%$24.0m	Added +29%	0.0%
GrahamGHM	$24.0m	194,113	0.0%$24.0m	Trimmed -9.9%	0.0%
HarmonicHLIT	$23.6m	1,446,133	0.0%$23.6m	Added +23%	0.0%
CAECAE	$23.0m	919,313	0.0%$23.0m	Trimmed -1.7%	0.0%
Louisiana-PacificLPX	$23.0m	291,803	0.0%$23.0m	Added +26%	0.0%
Maravai Lifesciences HoldingsMRVI	$22.9m	3,671,287	0.0%$22.9m	Added +45%	0.0%
Herc HoldingsHRI	$22.3m	155,319	0.0%$22.3m	Added +57%	0.0%
TE ConnectivityTEL	$22.1m	109,839	0.0%$22.1m	Added +3.8%	0.0%
Commercial MetalsCMC	$22.0m	350,366	0.0%$22.0m	Added +23%	0.0%
Dorman ProductsDORM	$21.6m	158,642	0.0%$21.6m	Added +74%	0.0%
Ambiq MicroAMBQ	$21.6m	244,394	0.0%$21.6m	Trimmed -12%	0.0%
Seacoast Bkg Corp FlaSBCF	$21.5m	647,565	0.0%$21.5m	Added +28%	0.0%
Pennant GroupPNTG	$21.1m	570,500	0.0%$21.1m	Added +32%	0.0%
Axos FinancialAX	$20.8m	213,312	0.0%$20.8m	Added +30%	0.0%
TimkenTKR	$20.7m	142,297	0.0%$20.7m	Added +55%	0.0%
AmerescoAMRC	$20.7m	749,081	0.0%$20.7m	Added +35%	0.0%
Albany InternationalAIN	$20.3m	272,129	0.0%$20.3m	Added +33%	0.0%
FlywireFLYW	$20.3m	1,153,637	0.0%$20.3m	Added +44%	0.0%
CryoportCYRX	$20.0m	1,271,424	0.0%$20.0m	Added +71%	0.0%
Fuller HBFUL	$19.8m	339,343	0.0%$19.8m	Added +49%	0.0%
Simulations PlusSD3	$19.6m	1,070,582	0.0%$19.6m	Added +44%	0.0%
Amtech SystemsASYS	$19.6m	848,426	0.0%$19.6m	Added +1.9%	0.0%
Dorian LPGLPG	$19.5m	559,425	0.0%$19.5m	Added +42%	0.0%
Concentra Group Holdings ParentCON	$19.3m	648,059	0.0%$19.3m	Added +62%	0.0%
Navigator HoldingsNVGS	$19.2m	1,030,819	0.0%$19.2m	Added +32%	0.0%
Lithia MotorsLAD	$19.2m	65,976	0.0%$19.2m	Added +51%	0.0%
CabotCBT	$18.9m	208,450	0.0%$18.9m	Added +53%	0.0%
Extreme NetworksEXTR	$18.9m	582,916	0.0%$18.9m	Added +67%	0.0%
Home DepotHD	$18.6m	52,776	0.0%$18.6m	Added +3.8%	0.0%
ArcosaACA	$18.6m	127,840	0.0%$18.6m	Added +1.0%	0.0%
Park-Ohio HoldingsPKOH	$18.4m	477,847	0.0%$18.4m	Trimmed -0.7%	0.0%
WESCO InternationalWCC	$18.2m	52,748	0.0%$18.2m	Added +3.1%	0.0%
Golar LngGLNG	$18.0m	360,322	0.0%$18.0m	Added +30%	0.0%
Spdr Ser TrSDY	$17.7m	236,569	0.0%$17.7m	Added +34%	0.0%
ABM IndustriesABM	$17.7m	400,085	0.0%$17.7m	Added +37%	0.0%
UnitedHealth GroupUNH	$17.6m	42,364	0.0%$17.6m	Added +3.8%	0.0%
Element SolutionsESI	$17.5m	366,600	0.0%$17.5m	Added +549%	0.0%
The Chefs’ WarehouseCHEF	$17.4m	181,519	0.0%$17.4m	Added +8.4%	0.0%
BeldenBDC	$17.4m	145,409	0.0%$17.4m	Added +42%	0.0%
Adtran HoldingsADTN	$17.4m	1,248,507	0.0%$17.4m	Trimmed -8.8%	0.0%
CaredxCDNA	$17.1m	598,497	0.0%$17.1m	Added +4.0%	0.0%
FormfactorFORM	$17.0m	106,137	0.0%$17.0m	Trimmed -41%	0.0%
El Pollo Loco HoldingsLOCO	$16.9m	995,799	0.0%$16.9m	Added +73%	0.0%
Lifestance Health GroupLFST	$16.7m	1,562,966	0.0%$16.7m	Trimmed -2.9%	0.0%
Century AluminumCENX	$16.7m	362,360	0.0%$16.7m	Added +122%	0.0%
Titan MachineryTITN	$16.6m	786,899	0.0%$16.6m	Trimmed -1.8%	0.0%
Astec IndustriesASTE	$16.6m	271,600	0.0%$16.6m	Added +4.4%	0.0%
Flowco HoldingsFLOC	$16.6m	778,565	0.0%$16.6m	Added +37%	0.0%
GriffonGFF	$16.6m	170,157	0.0%$16.6m	New	–
Valley National BancorpVLY	$16.4m	1,118,000	0.0%$16.4m	Added +15%	0.0%
Taylor Morrison HomeTMHC	$16.3m	227,601	0.0%$16.3m	Trimmed -5.2%	0.0%
Axis Capital HoldingsAXS	$16.3m	151,949	0.0%$16.3m	Added +67%	0.0%
Murphy OilMUR	$16.2m	497,400	0.0%$16.2m	Added +142%	0.0%
HealthstreamHSTM	$16.1m	591,898	0.0%$16.1m	Added +39%	0.0%
TranscatTRNS	$16.1m	173,697	0.0%$16.1m	Added +14%	0.0%
Oil States InternationalOIS	$16.1m	2,005,677	0.0%$16.1m	Trimmed -1.9%	0.0%
Trinity IndustriesTRN	$16.0m	463,319	0.0%$16.0m	Added +12%	0.0%
Covenant Logistics GroupCVLG	$15.9m	358,932	0.0%$15.9m	Added +45%	0.0%
Scorpio TankersSTNG	$15.8m	228,718	0.0%$15.8m	Trimmed -2.7%	0.0%
AxogenAXGN	$15.8m	341,077	0.0%$15.8m	Trimmed -3.8%	0.0%
AstronicsATRO	$15.7m	192,726	0.0%$15.7m	Added +0.2%	0.0%
Texas InstrumentsTXN	$15.6m	52,464	0.0%$15.6m	Trimmed -99%	1.2%
Insteel IndustriesIIIN	$15.4m	511,454	0.0%$15.4m	Added +34%	0.0%
I3 VerticalsIIIV	$15.4m	723,009	0.0%$15.4m	Added +89%	0.0%
LSB IndustriesLXU	$15.3m	1,418,900	0.0%$15.3m	Added +31%	0.0%
Digi InternationalDGII	$15.2m	203,259	0.0%$15.2m	Added +17%	0.0%
Gates Indl9666678D	$15.0m	536,800	0.0%$15.0m	Added +543%	0.0%
Natural Gas Services GroupNGS	$15.0m	347,685	0.0%$15.0m	Added +21%	0.0%
Boise CascadeBCC	$15.0m	193,208	0.0%$15.0m	Added +13%	0.0%
SmartfinancialSMBK	$15.0m	319,339	0.0%$15.0m	Added +43%	0.0%
TrimasTRS	$14.9m	331,556	0.0%$14.9m	Added +4.3%	0.0%
AccentureACN	$14.8m	118,592	0.0%$14.8m	Added +31%	0.0%
Otis WorldwideOTIS	$14.7m	205,863	0.0%$14.7m	Added +5.0%	0.0%
ManitowocMTW	$14.7m	1,059,789	0.0%$14.7m	Added +25%	0.0%
Talos EnergyTALO	$14.6m	1,127,300	0.0%$14.6m	Added +124%	0.0%
StrideLRN	$14.5m	167,799	0.0%$14.5m	Added +3832%	0.0%
Perella Weinberg PartnersPWP	$14.4m	901,189	0.0%$14.4m	Added +47%	0.0%
SonosSONO	$14.3m	1,055,926	0.0%$14.3m	Added +49%	0.0%
NetgearNTGR	$14.3m	611,245	0.0%$14.3m	Added +112%	0.0%
Riley Exploration PermianREPX	$14.2m	430,946	0.0%$14.2m	Added +134%	0.0%
Dycom IndustriesDY	$14.2m	28,037	0.0%$14.2m	Trimmed -11%	0.0%
Outfront MediaOUT	$14.0m	428,035	0.0%$14.0m	Trimmed -21%	0.0%
SynapticsSYNA	$14.0m	112,646	0.0%$14.0m	New	–
MarinemaxHZO	$13.9m	378,452	0.0%$13.9m	Added +13%	0.0%
Mayville EngineeringMEC	$13.8m	369,575	0.0%$13.8m	Trimmed -8.5%	0.0%
Phoenix Education PartnersPXED	$13.6m	415,510	0.0%$13.6m	Added +51%	0.0%
Red River BancsharesRRBI	$13.6m	149,349	0.0%$13.6m	Added +92%	0.0%
Axcelis TechnologiesACLS	$13.6m	71,925	0.0%$13.6m	Trimmed -28%	0.0%
Matrix ServiceMTRX	$13.6m	990,217	0.0%$13.6m	Added +16%	0.0%
Dime Commercial BancsharesDCOM	$13.5m	331,660	0.0%$13.5m	Added +23%	0.0%
Healthcare Services GroupHCSG	$13.5m	548,035	0.0%$13.5m	Added +16%	0.0%
Black HillsBKH	$13.2m	177,990	0.0%$13.2m	Added +38%	0.0%
BrazeBRZE	$13.2m	609,814	0.0%$13.2m	Added +285%	0.0%
WhitestoneWSR	$13.2m	697,240	0.0%$13.2m	Trimmed -6.0%	0.0%
FrontviewFVR	$13.2m	650,826	0.0%$13.2m	Added +13%	0.0%
FlowserveFLS	$13.2m	177,409	0.0%$13.2m	Added +59%	0.0%
Star Bulk CarriersSBLK	$12.9m	515,000	0.0%$12.9m	New	–
Ftai InfrastructureFIP	$12.7m	2,747,562	0.0%$12.7m	Added +8.8%	0.0%
MagniteMGNI	$12.7m	670,788	0.0%$12.7m	Added +49%	0.0%
UMH PptysUMH	$12.6m	833,219	0.0%$12.6m	Added +8.9%	0.0%
Doubleverify HoldingsDV	$12.6m	1,160,000	0.0%$12.6m	Added +83%	0.0%
Si-BoneSIBN	$12.5m	768,941	0.0%$12.5m	Added +20%	0.0%
One GasOGS	$12.4m	160,764	0.0%$12.4m	Added +50%	0.0%
Lincoln NationalLNC	$12.3m	348,750	0.0%$12.3m	Trimmed -19%	0.0%
Columbia Bkg SystemsCOLB	$12.3m	384,600	0.0%$12.3m	Added +68%	0.0%
JBT MarelJBTM	$12.2m	84,300	0.0%$12.2m	Added +34%	0.0%
Strata Critical MedicalSRTA	$12.2m	2,314,614	0.0%$12.2m	Added +2.1%	0.0%
RadnetRDNT	$12.0m	195,036	0.0%$12.0m	Added +107%	0.0%
Champion HomesSKY	$11.9m	135,579	0.0%$11.9m	Trimmed -0.4%	0.0%
QuanterixQTRX	$11.9m	2,753,165	0.0%$11.9m	Added +112%	0.0%
NMI HoldingsNMIH	$11.9m	288,869	0.0%$11.9m	Added +5.6%	0.0%
TennantTNC	$11.6m	132,857	0.0%$11.6m	Added +315%	0.0%
HuntsmanHUN	$11.6m	1,094,017	0.0%$11.6m	Added +42%	0.0%
AarAIR	$11.6m	81,059	0.0%$11.6m	Added +27%	0.0%
FabrinetFN	$11.6m	20,576	0.0%$11.6m	Added +35%	0.0%
Npk InternationalNPKI	$11.5m	721,002	0.0%$11.5m	Added +163%	0.0%
QXOQXO	$11.5m	662,894	0.0%$11.5m	Added +197%	0.0%
Osi SystemsOSIS	$11.4m	52,162	0.0%$11.4m	Added +112%	0.0%
Old Republic InternationalORI	$11.4m	277,779	0.0%$11.4m	Added +3.8%	0.0%
Central Garden & PetCENTA	$11.2m	289,938	0.0%$11.2m	Added +11%	0.0%
IntestINTT	$11.1m	612,602	0.0%$11.1m	Added +44%	0.0%
Propetro HoldingPUMP	$11.1m	775,833	0.0%$11.1m	Added +50%	0.0%
Stevanato Group S.p.A.STVN	$11.0m	611,286	0.0%$11.0m	Added +288%	0.0%
Netscout SystemsNTCT	$10.8m	248,402	0.0%$10.8m	Added +24%	0.0%
ItronITRI	$10.8m	124,987	0.0%$10.8m	New	–
DineequityDIN	$10.6m	296,323	0.0%$10.6m	New	–
Cheesecake FactoryCAKE	$10.6m	133,591	0.0%$10.6m	Trimmed -9.5%	0.0%
Intrepid PotashIPI	$10.6m	323,551	0.0%$10.6m	Added +114%	0.0%
VseVSEC	$10.4m	45,422	0.0%$10.4m	Added +140%	0.0%
Ensign GroupENSG	$10.4m	64,600	0.0%$10.4m	Added +5080%	0.0%
Vishay Precision GroupVPG	$10.3m	69,000	0.0%$10.3m	Trimmed -4.8%	0.0%
Tanger Factory Outlet CentersSKT	$10.3m	261,325	0.0%$10.3m	Added +32%	0.0%
Custom Truck One SourceCTOS	$10.2m	861,753	0.0%$10.2m	Added +13%	0.0%
Viavi SolutionsVIAV	$10.2m	212,900	0.0%$10.2m	Trimmed -62%	0.0%
UTZ BrandsUTZ	$10.2m	1,318,750	0.0%$10.2m	Added +17%	0.0%
Arlo TechnologiesARLO	$10.1m	752,200	0.0%$10.1m	Added +713%	0.0%
Cross Country HealthcareCCRN	$9.9m	747,281	0.0%$9.9m	Added +27%	0.0%
CevaCEVA	$9.9m	209,117	0.0%$9.9m	New	–
Grocery Outlet HoldingGO	$9.8m	986,006	0.0%$9.8m	New	–
Envista HoldingsNVST	$9.8m	372,500	0.0%$9.8m	Added +41%	0.0%
Mistras GroupMG	$9.7m	553,855	0.0%$9.7m	Added +97%	0.0%
ParsonsPSN	$9.4m	179,257	0.0%$9.4m	New	–
Avidbank HoldingsAVBH	$9.4m	284,040	0.0%$9.4m	Added +44%	0.0%
Lsi IndustriesLYTS	$9.1m	340,824	0.0%$9.1m	Added +19%	0.0%
Dentsply SironaXRAY	$9.0m	851,347	0.0%$9.0m	Trimmed -94%	0.3%
Concrete Pumping HoldingsBBCP	$8.9m	736,501	0.0%$8.9m	Added +12%	0.0%
Quanex Building ProductsNX	$8.8m	474,211	0.0%$8.8m	Trimmed -2.0%	0.0%
Warby ParkerWRBY	$8.7m	288,000	0.0%$8.7m	Added +113%	0.0%
Cadre HoldingsCDRE	$8.7m	306,458	0.0%$8.7m	New	–
Radian GroupRDN	$8.7m	229,801	0.0%$8.7m	Added +28%	0.0%
Alphatec HoldingsATEC	$8.6m	996,637	0.0%$8.6m	Added +43%	0.0%
Onewater MarineONEW	$8.5m	757,668	0.0%$8.5m	Added +44%	0.0%
AtricureATRC	$8.3m	297,643	0.0%$8.3m	Added +14%	0.0%
National Vision HoldingsEYE	$8.2m	429,618	0.0%$8.2m	Added +94%	0.0%
Stewart Information ServicesSTC	$8.1m	123,118	0.0%$8.1m	Trimmed -2.0%	0.0%
908 DevicesMASS	$8.1m	929,985	0.0%$8.1m	Added +16%	0.0%
Aviat NetworksAVNW	$8.0m	360,456	0.0%$8.0m	Added +24%	0.0%
Seacor Marine HoldingsSMHI	$7.9m	1,033,989	0.0%$7.9m	Trimmed -3.4%	0.0%
Ranpak HoldingsPACK	$7.8m	1,068,162	0.0%$7.8m	Added +35%	0.0%
CryolifeAORT	$7.8m	346,573	0.0%$7.8m	Added +11%	0.0%
NowDNOW	$7.8m	599,906	0.0%$7.8m	Added +70%	0.0%
Alkami TechnologyALKT	$7.7m	425,728	0.0%$7.7m	New	–
Hooker Furnishings CorporatiHOFT	$7.5m	420,067	0.0%$7.5m	Added +14%	0.0%
Coeur MiningCDE	$7.4m	454,119	0.0%$7.4m	Trimmed -15%	0.0%
Johnson OutdoorsJOUT	$7.4m	160,588	0.0%$7.4m	Added +16%	0.0%
Moelis & CoMC	$7.2m	110,000	0.0%$7.2m	Added +47%	0.0%
Vital FarmsVITL	$7.0m	604,960	0.0%$7.0m	Added +14%	0.0%
TeradataTDC	$6.9m	200,342	0.0%$6.9m	New	–
Titan AmericaTTAM	$6.9m	371,947	0.0%$6.9m	Trimmed -8.9%	0.0%
Flotek IndustriesFTK	$6.9m	293,242	0.0%$6.9m	New	–
SeadrillSDRL	$6.8m	178,808	0.0%$6.8m	Added +280%	0.0%
Aveanna Healthcare HoldingsAVAH	$6.6m	764,667	0.0%$6.6m	Trimmed -0.3%	0.0%
PepsicoPEP	$6.5m	48,231	0.0%$6.5m	Added +3.8%	0.0%
AMN Healthcare ServicesAMN	$6.4m	196,212	0.0%$6.4m	New	–
Smith Douglas HomesSDHC	$6.3m	404,274	0.0%$6.3m	Added +5.1%	0.0%
IdacorpIDA	$6.3m	41,508	0.0%$6.3m	Trimmed -0.2%	0.0%
Columbus MckinnonCMCO	$6.2m	412,036	0.0%$6.2m	Added +23%	0.0%
Hecla Mining CompanyHL	$6.2m	402,000	0.0%$6.2m	Trimmed -17%	0.0%
ProgynyPGNY	$6.1m	213,212	0.0%$6.1m	Added +8.4%	0.0%
Viemed HealthcareVMD	$6.1m	535,157	0.0%$6.1m	Added +1.0%	0.0%
Titan InternationalTWI	$6.0m	780,639	0.0%$6.0m	Added +16%	0.0%
Infusystem HoldingsINFU	$6.0m	620,000	0.0%$6.0m	Trimmed -14%	0.0%
CourseraCOUR	$6.0m	1,058,000	0.0%$6.0m	New	–
Marketaxess HoldingsMKTX	$5.6m	49,577	0.0%$5.6m	Added +225250%	0.0%
Strawberry FieldsSTRW	$5.6m	404,890	0.0%$5.6m	Added +23%	0.0%
B. Riley FinancialRILY	$5.5m	680,961	0.0%$5.5m	New	–
EverquoteEVER	$5.5m	229,757	0.0%$5.5m	Trimmed -0.9%	0.0%
Cal Maine FoodsCALM	$5.4m	67,000	0.0%$5.4m	New	–

Download the Q2 2026 holdings: CSV · JSON · Markdown

How the portfolio has changed

Each bar is one 13F. Select a bar or press play to see that quarter’s 12 largest positions. How this works

Bars are split by share of the US portfolio: the six biggest holdings over the period in colour, everything else in grey. The last eight quarters are shown in full, earlier years at year end.

2013

2015

2017

2019

2021

2023

Q4 ’24

Q2 ’25

Q4 ’25

Q2 ’26

ORCLCMCSAMETAGOOGIMOHCAEverything else

Q2 2026

Q4 2013Q2 2026

First Eagle Global Fund

1 year+25.0%

3 yearsa year+17.5%

5 yearsa year+11.5%

Yearly costs0.78%

Total returns after fees for the FEGRX, Class R6 share class (the cheapest one with a full record). 1, 3 and 5-year figures run to 31 Jul 2026, built from the monthly returns the fund reports in its N-PORT filings and checked against its shareholder reports. Costs are the expense ratio in the half-year report to 30 Apr 2026, about $86 a year on $10,000. Past returns don’t predict future ones.

Full portfolio at 31 Jul 2026, from the fund’s N-PORT filing. Net assets $76bn. Cash, bonds and other assets make up 14.4%. Changes are against 30 Apr 2026: 2 new, 25 added to, 14 trimmed, 6 sold out. The 13F is at 30 Jun 2026, so a gold dot can also mean the fund bought the shares after that date.

First Eagle Global Fund holdings with change from the previous filing

AlphabetGOOG	United States	2.6%	Trimmed -6.7%	3.0%
Becton Dickinson & CoBDX	United States	2.0%	Added +14%	1.6%
Samsung Electronics005935 Seoul	South Korea	2.0%	Unchanged	1.7%
Meta PlatformsMETA	United States	1.7%	Unchanged	1.9%
British American TobaccoBATS London	United Kingdom	1.6%	Unchanged	1.6%
Elevance HealthELV	United States	1.4%	Unchanged	1.4%
LVMH Moet Hennessy Louis VuittonMC Paris	France	1.4%	Unchanged	1.3%
SchlumbergerSLB	Curaçao	1.3%	Unchanged	1.6%
ProsusPRX Amsterdam	Netherlands	1.3%	Added +8.4%	1.3%
MerckMRK Xetra	Germany	1.3%	Unchanged	1.1%
WorkdayWDAY	United States	1.3%	Added +14%	0.9%
Automatic Data ProcessingADP	United States	1.3%	Added +4.8%	1.0%
SalesforceCRM	United States	1.2%	Added +19%	1.0%
OracleORCL	United States	1.2%	Added +18%	1.3%
Dassault SystemesDSY Paris	France	1.2%	Unchanged	1.2%
WeyerhaeuserWY	United States	1.2%	Added +9.2%	1.1%
Imperial OilIMO Toronto	Canada	1.2%	Unchanged	1.2%
HCA HealthcareHCA	United States	1.2%	Unchanged	1.3%
Bank of New York MellonBNY	United States	1.1%	Trimmed -13%	1.2%
Fomento Economico MexicanoFMX	Mexico	1.1%	Unchanged	1.1%
Cie Financiere RichemontCFR Zurich	Switzerland	1.1%	Trimmed -13%	1.1%
Willis Towers WatsonWTW	Ireland	1.1%	Unchanged	0.9%
ShellSHEL London	United Kingdom	1.1%	Added +3.5%	1.1%
NestleNESN Zurich	Switzerland	1.1%	Unchanged	1.1%
SMC6273 Tokyo	Japan	1.0%	Unchanged	1.2%
MedtronicMDT	Ireland	1.0%	Added +36%	0.7%
ONEOKOKE	United States	1.0%	Unchanged	1.0%
Taiwan Semiconductor ManufacturingTSM	Taiwan	1.0%	Unchanged	1.0%
Philip Morris InternationalPM	United States	1.0%	Trimmed -9.7%	0.9%
Reckitt Benckiser GroupRKT London	United Kingdom	1.0%	Added +9.0%	0.8%
UnileverULVR London	United Kingdom	1.0%	Unchanged	0.9%
MS&AD Insurance Group Holdings8725 Tokyo	Japan	0.9%	Unchanged	0.8%
Power Corp. of CanadaPOW Toronto	Canada	0.9%	Trimmed -3.4%	0.8%
Wal-Mart de MexicoWALMEX* Mexico City	Mexico	0.9%	Added +21%	0.8%
Booking HoldingsBKNG	United States	0.9%	New	–
Exxon MobilXOM	United States	0.9%	Unchanged	0.9%
MicrosoftMSFT	United States	0.9%	Added +46%	0.5%
KT&G033780 Seoul	South Korea	0.8%	Trimmed -0.5%	0.8%
HaleonHLN London	United Kingdom	0.8%	Added +19%	0.7%
Keyence6861 Tokyo	Japan	0.8%	Unchanged	0.8%
Bio-Rad LaboratoriesBIO	United States	0.8%	Unchanged	0.7%
Samsung Life Insurance032830 Seoul	South Korea	0.8%	Trimmed -1.3%	0.7%
ComcastCMCSA	United States	0.8%	Unchanged	0.9%
InvestorINVEB Stockholm	Sweden	0.8%	Trimmed -6.3%	0.8%
Wheaton Precious MetalsWPM Toronto	Canada	0.8%	Unchanged	0.9%
Brown & BrownBRO	United States	0.8%	Added +29%	0.5%
Schindler HoldingSCHP Zurich	Switzerland	0.7%	Unchanged	0.8%
Shimano7309 Tokyo	Japan	0.7%	Unchanged	0.6%
Secom9735 Tokyo	Japan	0.7%	Unchanged	0.6%
DiageoDGE London	United Kingdom	0.7%	Trimmed -1.0%	0.7%
Groupe Bruxelles LambertGBLB Brussels	Belgium	0.7%	Unchanged	0.7%
Universal Health ServicesUHS	United States	0.7%	Unchanged	0.7%
International Flavors & FragrancesIFF	United States	0.7%	Unchanged	0.6%
AmbevABEV	Brazil	0.7%	Unchanged	0.7%
Franco-NevadaFNV Toronto	Canada	0.7%	Unchanged	0.8%
Lloyds Banking GroupLLOY London	United Kingdom	0.7%	Unchanged	0.6%
PPG IndustriesPPG	United States	0.7%	Unchanged	0.7%
RELXREL London	United Kingdom	0.7%	Added +33%	0.5%
Sompo Holdings8630 Tokyo	Japan	0.7%	Unchanged	0.6%
FiservFISV	United States	0.7%	Added +59%	0.5%
Colgate-PalmoliveCL	United States	0.6%	Unchanged	0.6%
DanoneBN Paris	France	0.6%	Unchanged	0.7%
Walt DisneyDIS	United States	0.6%	Added +33%	0.5%
Alibaba Group Holding9988 Hong Kong	Cayman Islands	0.6%	Unchanged	0.7%
Jardine Matheson HoldingsJM Singapore	Bermuda	0.6%	Unchanged	0.6%
ItausaITSA4 São Paulo	Brazil	0.6%	Unchanged	0.6%
BXPBXP	United States	0.6%	Unchanged	0.5%
FANUC6954 Tokyo	Japan	0.6%	Trimmed -9.4%	0.7%
AIA Group1299 Hong Kong	Hong Kong	0.6%	Added +5.6%	0.6%
NewmontNEM	United States	0.6%	Unchanged	0.7%
Grupo MexicoGMEXICOB Mexico City	Mexico	0.6%	Unchanged	0.5%
NOVNOV	United States	0.6%	Added +1.2%	0.6%
NobleNE	United Kingdom	0.6%	Unchanged	0.7%
Equity ResidentialVMRK	United States	0.5%	Unchanged	0.5%
Omnicom GroupOMC	United States	0.5%	Added 0.0%	0.5%
Dollar GeneralDG	United States	0.5%	Unchanged	0.5%
American ExpressAXP	United States	0.5%	Unchanged	0.5%
Extra Space StorageEXR	United States	0.5%	Unchanged	0.5%
Carlisle Cos.CSL	United States	0.5%	Added +69%	0.3%
US BancorpUSB	United States	0.5%	Unchanged	0.5%
Charter CommunicationsCHTR	United States	0.5%	Unchanged	0.6%
CK Asset Holdings1113 Hong Kong	Cayman Islands	0.4%	Unchanged	0.5%
Berkshire HathawayBRK.A	United States	0.4%	Unchanged	0.4%
NutrienNTR Toronto	Canada	0.4%	Unchanged	0.5%
Cullen/Frost BankersCFR	United States	0.4%	Added +13%	0.3%
Barrick MiningABX Toronto	Canada	0.4%	Unchanged	0.5%
Fidelity National FinancialFNF	United States	0.4%	Unchanged	0.4%
Berkeley Group HoldingsBKG London	United Kingdom	0.4%	Unchanged	0.4%
Henkel AG & CoHEN3 Xetra	Germany	0.4%	Unchanged	0.3%
Mitsubishi Electric6503 Tokyo	Japan	0.4%	Unchanged	0.5%
Universal Music GroupUMG Amsterdam	Netherlands	0.4%	Added +129%	0.2%
Agnico Eagle MinesAEM Toronto	Canada	0.4%	Unchanged	0.5%
Warrior Met CoalHCC	United States	0.4%	Added +172%	0.2%
HeinekenHEIA Amsterdam	Netherlands	0.4%	Unchanged	0.3%
LegrandLR Paris	France	0.4%	Unchanged	0.4%
Heineken HoldingHEIO Amsterdam	Netherlands	0.4%	Unchanged	0.3%
Hirose Electric6806 Tokyo	Japan	0.3%	Unchanged	0.3%
NAVER035420 Seoul	South Korea	0.3%	Unchanged	0.4%
WatersWAT	United States	0.3%	Trimmed -36%	0.5%
Hongkong Land HoldingsHKL Singapore	Bermuda	0.3%	Unchanged	0.3%
Bangkok BankBBL-R Bangkok	Thailand	0.3%	Unchanged	0.3%
Magnum Ice CreamMICC Amsterdam	Netherlands	0.3%	Unchanged	0.2%
Deere & CoDE	United States	0.3%	Unchanged	0.3%
Hoshizaki6465 Tokyo	Japan	0.3%	Unchanged	0.3%
CumminsCMI	United States	0.3%	Trimmed -37%	0.5%
IPG PhotonicsIPGP	United States	0.3%	Trimmed -24%	0.5%
OrklaORK Oslo	Norway	0.2%	Unchanged	0.3%
Hyundai Mobis012330 Seoul	South Korea	0.2%	Trimmed -30%	0.3%
Rentokil InitialRTO London	United Kingdom	0.2%	Added +317%	0.1%
Svenska HandelsbankenSHBA Stockholm	Sweden	0.2%	Unchanged	0.2%
Derwent LondonDLN London	United Kingdom	0.2%	Unchanged	0.2%
SodexoSW Paris	France	0.2%	Unchanged	0.1%
Guoco Group53 Hong Kong	Bermuda	0.1%	Unchanged	0.1%
Douglas EmmettDEI	United States	0.1%	Unchanged	0.1%
Ferguson EnterprisesFERG	United States	0.1%	Unchanged	0.2%
Industrias PenolesPE&OLES* Mexico City	Mexico	0.1%	Unchanged	0.1%
FresnilloFRES London	United Kingdom	0.1%	Unchanged	0.1%
WendelMF Paris	France	0.1%	Unchanged	0.1%
BrenntagBNR Xetra	Germany	0.1%	Unchanged	0.1%
T Hasegawa4958 Tokyo	Japan	0.1%	Unchanged	0.1%
USS4732 Tokyo	Japan	0.0%	Unchanged	0.0%
Bank Central AsiaBBCA Jakarta	Indonesia	0.0%	New	–
JG Boswell	United States	0.0%	Unchanged	0.0%
Mills Music Trust	United States	0.0%	Unchanged	0.0%
		–	Sold out	0.9%
		–	Sold out	0.8%
		–	Sold out	0.7%
		–	Sold out	0.1%
		–	Sold out	0.0%
		–	Sold out	0.0%

First Eagle Overseas Fund

1 year+29.4%

3 yearsa year+18.6%

5 yearsa year+10.9%

Yearly costs0.79%

Total returns after fees for the FEORX, Class R6 share class (the cheapest one with a full record). 1, 3 and 5-year figures run to 31 Jul 2026, built from the monthly returns the fund reports in its N-PORT filings and checked against its shareholder reports. Costs are the expense ratio in the half-year report to 30 Apr 2026, about $89 a year on $10,000. Past returns don’t predict future ones.

Full portfolio at 31 Jul 2026, from the fund’s N-PORT filing. Net assets $18bn. Cash, bonds and other assets make up 13.0%. Changes are against 30 Apr 2026: 3 new, 18 added to, 11 trimmed, 2 sold out. The 13F is at 30 Jun 2026, so a gold dot can also mean the fund bought the shares after that date.

First Eagle Overseas Fund holdings with change from the previous filing

Imperial OilIMO Toronto	Canada	2.9%	Trimmed -2.8%	3.2%
ShellSHEL London	United Kingdom	2.8%	Unchanged	2.9%
Samsung Electronics005935 Seoul	South Korea	2.5%	Trimmed -12%	2.5%
ProsusPRX Amsterdam	Netherlands	2.1%	Added +17%	1.9%
LVMH Moet Hennessy Louis VuittonMC Paris	France	2.0%	Unchanged	2.0%
British American TobaccoBATS London	United Kingdom	2.0%	Unchanged	2.0%
MerckMRK Xetra	Germany	1.9%	Unchanged	1.6%
Dassault SystemesDSY Paris	France	1.8%	Added +5.8%	1.8%
Fomento Economico MexicanoFMX	Mexico	1.7%	Unchanged	1.6%
Cie Financiere RichemontCFR Zurich	Switzerland	1.7%	Trimmed -9.9%	1.6%
Power Corp. of CanadaPOW Toronto	Canada	1.6%	Trimmed -3.9%	1.4%
SMC6273 Tokyo	Japan	1.5%	Unchanged	1.8%
Reckitt Benckiser GroupRKT London	United Kingdom	1.4%	Added +11%	1.2%
NestleNESN Zurich	Switzerland	1.4%	Unchanged	1.5%
Taiwan Semiconductor ManufacturingTSM	Taiwan	1.4%	Unchanged	1.4%
Jardine Matheson HoldingsJM Singapore	Bermuda	1.4%	Unchanged	1.4%
MS&AD Insurance Group Holdings8725 Tokyo	Japan	1.3%	Unchanged	1.2%
Groupe Bruxelles LambertGBLB Brussels	Belgium	1.3%	Unchanged	1.4%
OBIC Business Consultants4733 Tokyo	Japan	1.3%	Added +89%	0.6%
Secom9735 Tokyo	Japan	1.3%	Unchanged	1.1%
Willis Towers WatsonWTW	Ireland	1.3%	Added +9.9%	0.9%
Wal-Mart de MexicoWALMEX* Mexico City	Mexico	1.3%	Added +19%	1.2%
UnileverULVR London	United Kingdom	1.3%	Unchanged	1.2%
AmbevABEV	Brazil	1.3%	Unchanged	1.2%
KT&G033780 Seoul	South Korea	1.2%	Trimmed -23%	1.6%
Haw ParHPAR Singapore	Singapore	1.2%	Unchanged	1.3%
Lloyds Banking GroupLLOY London	United Kingdom	1.2%	Unchanged	1.1%
Shimano7309 Tokyo	Japan	1.2%	Unchanged	1.0%
Kansai Paint4613 Tokyo	Japan	1.1%	Unchanged	1.0%
TIS3626 Tokyo	Japan	1.1%	Added +9.3%	1.0%
FANUC6954 Tokyo	Japan	1.1%	Trimmed -4.2%	1.3%
Keyence6861 Tokyo	Japan	1.1%	Unchanged	1.1%
HaleonHLN London	United Kingdom	1.1%	Added +18%	0.9%
Schindler HoldingSCHP Zurich	Switzerland	1.1%	Unchanged	1.3%
DiageoDGE London	United Kingdom	1.1%	Added +2.3%	1.0%
DanoneBN Paris	France	1.1%	Unchanged	1.1%
InvestorINVEB Stockholm	Sweden	1.0%	Trimmed -28%	1.4%
RELXREL London	United Kingdom	1.0%	Added +35%	0.8%
Alibaba Group Holding9988 Hong Kong	Cayman Islands	1.0%	Unchanged	1.1%
Samsung Life Insurance032830 Seoul	South Korea	0.9%	Trimmed -16%	0.9%
Sompo Holdings8630 Tokyo	Japan	0.9%	Trimmed -9.0%	0.8%
Mitsubishi Electric6503 Tokyo	Japan	0.8%	Unchanged	1.0%
AIA Group1299 Hong Kong	Hong Kong	0.8%	Added +7.4%	0.9%
OrklaORK Oslo	Norway	0.8%	Unchanged	0.9%
ItausaITSA4 São Paulo	Brazil	0.8%	Unchanged	0.9%
Hirose Electric6806 Tokyo	Japan	0.8%	Unchanged	0.7%
NutrienNTR Toronto	Canada	0.8%	Unchanged	0.9%
Wheaton Precious MetalsWPM Toronto	Canada	0.8%	Unchanged	0.9%
Grupo MexicoGMEXICOB Mexico City	Mexico	0.8%	Unchanged	0.7%
CK Asset Holdings1113 Hong Kong	Cayman Islands	0.8%	Trimmed -5.1%	0.8%
Hoshizaki6465 Tokyo	Japan	0.7%	Added +7.4%	0.7%
FuchsFPE3 Xetra	Germany	0.7%	Added +0.7%	0.8%
NewmontNEM	United States	0.7%	Unchanged	0.9%
Henkel AG & CoHEN3 Xetra	Germany	0.7%	Unchanged	0.6%
Hongkong Land HoldingsHKL Singapore	Bermuda	0.7%	Unchanged	0.7%
HAL TrustHAL Amsterdam	Bermuda	0.7%	Unchanged	0.8%
UOL GroupUOL Singapore	Singapore	0.7%	Unchanged	0.8%
Franco-NevadaFNV Toronto	Canada	0.7%	Unchanged	0.8%
Berkeley Group HoldingsBKG London	United Kingdom	0.7%	Unchanged	0.6%
HeinekenHEIA Amsterdam	Netherlands	0.7%	Unchanged	0.6%
LegrandLR Paris	France	0.6%	Unchanged	0.8%
Cia Cervecerias UnidasCCU	Chile	0.6%	Unchanged	0.6%
Universal Music GroupUMG Amsterdam	Netherlands	0.6%	Added +130%	0.3%
Bangkok BankBBL-R Bangkok	Thailand	0.6%	Unchanged	0.5%
NAVER035420 Seoul	South Korea	0.6%	Added +23%	0.5%
Heineken HoldingHEIO Amsterdam	Netherlands	0.5%	Unchanged	0.5%
Svenska HandelsbankenSHBA Stockholm	Sweden	0.5%	Unchanged	0.5%
DSM-FirmenichDSFIR Zurich	Switzerland	0.5%	New	–
IndustrivardenINDUC Stockholm	Sweden	0.5%	Unchanged	0.5%
Hyundai Mobis012330 Seoul	South Korea	0.5%	Trimmed -31%	0.7%
Barrick MiningABX Toronto	Canada	0.5%	Unchanged	0.6%
Big Yellow GroupBYG London	United Kingdom	0.4%	Unchanged	0.5%
Magnum Ice CreamMICC Amsterdam	Netherlands	0.4%	Unchanged	0.3%
Guoco Group53 Hong Kong	Bermuda	0.4%	Unchanged	0.4%
Nihon Kohden6849 Tokyo	Japan	0.4%	Unchanged	0.4%
KeskoKESKOB Helsinki	Finland	0.4%	Unchanged	0.4%
Astra InternationalASII Jakarta	Indonesia	0.4%	Added +54%	0.3%
Agnico Eagle MinesAEM Toronto	Canada	0.4%	Unchanged	0.5%
Industrias PenolesPE&OLES* Mexico City	Mexico	0.3%	Unchanged	0.4%
LE LundbergforetagenLUNDB Stockholm	Sweden	0.3%	Added +1.6%	0.3%
As One7476 Tokyo	Japan	0.3%	Unchanged	0.3%
Laurent-PerrierLPE Paris	France	0.3%	Unchanged	0.3%
Great Portland EstatesGPE London	United Kingdom	0.3%	Unchanged	0.3%
Bakkafrost P6BF Xetra	FO	0.3%	Unchanged	0.3%
AG Anadolu Grubu HoldingAGHOL Istanbul	Turkey	0.3%	Unchanged	0.3%
USS4732 Tokyo	Japan	0.3%	Unchanged	0.2%
NongShim004370 Seoul	South Korea	0.3%	Unchanged	0.3%
ExorEXO Amsterdam	Netherlands	0.3%	New	–
North WestNWC Toronto	Canada	0.3%	Added +213%	0.1%
WendelMF Paris	France	0.2%	Unchanged	0.3%
SodexoSW Paris	France	0.2%	Unchanged	0.2%
BrenntagBNR Xetra	Germany	0.2%	Unchanged	0.2%
T Hasegawa4958 Tokyo	Japan	0.2%	Unchanged	0.2%
FresnilloFRES London	United Kingdom	0.2%	Unchanged	0.2%
Taiwan Secom9917 Taipei	Taiwan	0.2%	Unchanged	0.2%
SK Kaken4628 Tokyo	Japan	0.1%	Unchanged	0.2%
CAECAE Toronto	Canada	0.1%	Unchanged	0.1%
Nagaileben7447 Tokyo	Japan	0.1%	Unchanged	0.1%
Thai BeverageTHBEV Singapore	Thailand	0.1%	Unchanged	0.1%
Fursys016800 Seoul	South Korea	0.1%	Unchanged	0.1%
Legris Industries	Belgium	0.1%	Unchanged	0.1%
Bank Central AsiaBBCA Jakarta	Indonesia	0.0%	New	–
		–	Sold out	0.1%
		–	Sold out	0.0%

Look-through earnings

First Eagle Investment Management’s share of the profits of the US companies it holds. How this works

For each holding, the fraction of the company it owns times the company’s net income. Look-through earnings explained.

Look-through earnings, Q2 2026

$2.4bn

Last 12 months, holdings with SEC financials

Price paid for those earnings

19.0×

Value of those holdings ÷ their earnings

Earnings per share growth

+5.1%

Same holdings, against a year earlier

Portfolio covered

74%

Of the 13F value

$1.2bn2017

$1.0bn2018

$995m2019

$765m2020

$1.4bn2021

$1.1bn2022

$1.3bn2023

$1.5bn2024

$2.2bn2025

$1.1bn2026*

Q1 Q2 Q3 Q4 · each quarter is that quarter’s profits times the stake reported at its end. *2026 so far: 2 quarters. Click a quarter to see its holdings.

Holdings behind

Look-through earnings by holding, Q2 2026

AlphabetGOOG	0.06%	$244bn	$155m	$71.4m	+109.4%
ComcastCMCSA	1.1%	$11bn	$120m	$37.7m	-48.9%
Bio-Rad LaboratoriesBIO	9.7%	$222m	$21.6m	$36.1m	-29.3%
SalesforceCRM	0.9%	$9.7bn	$86.0m	$31.4m	+69.9%
Elevance HealthELV	1.9%	$5.0bn	$95.4m	$28.1m	-4.0%
Universal Health ServicesUHS	7.6%	$1.5bn	$116m	$27.3m	+31.3%
HCA HealthcareHCA	1.5%	$6.8bn	$101m	$25.1m	+24.4%
NewmontNEM	1.1%	$8.6bn	$93.2m	$23.9m	+42.7%
BNYBK	1.3%	$6.3bn	$84.3m	$23.6m	+31.6%
WorkdayWDAY	3.6%	$1.3bn	$44.8m	$22.6m	+135.4%
Meta PlatformsMETA	0.1%	$68bn	$85.4m	$19.9m	-4.6%
Becton Dickinson & CoBDX	5.0%	$941m	$47.2m	$18.9m	-38.0%
MedtronicMDT	1.1%	$430m	$4.6m	$15.8m	–
SchlumbergerSLB	1.9%	$3.1bn	$59.5m	$15.1m	-31.3%
PPG IndustriesPPG	2.9%	$1.6bn	$45.7m	$12.7m	+58.1%
Automatic Data ProcessingADP	1.3%	$4.4bn	$56.7m	$12.6m	+9.8%
Booking HoldingsBKNG	0.6%	$7.2bn	$46.0m	$12.5m	+58.5%
OracleORCL	0.3%	$17bn	$49.7m	$12.3m	+34.7%
WeyerhaeuserWY	7.1%	$472m	$33.5m	$11.5m	+69.7%
Willis Towers WatsonWTW	4.8%	$1.6bn	$74.5m	$10.9m	+1115.3%
Philip Morris InternationalPM	0.4%	$11bn	$41.3m	$10.7m	+31.9%
Brown & BrownBRO	3.5%	$1.2bn	$42.3m	$10.1m	+5.3%
NOVNOV	8.5%	$95.0m	$8.1m	$9.5m	-79.1%
MicrosoftMSFT	0.03%	$134bn	$34.9m	$9.3m	+31.6%
Colgate-PalmoliveCL	1.0%	$2.0bn	$20.9m	$7.1m	-28.9%
CH Robinson WorldwideCHRW	3.0%	$633m	$19.3m	$5.7m	+19.8%
BXPBXP	5.9%	$297m	$17.6m	$4.1m	+5857.1%
Equity ResidentialVMRK	2.5%	$875m	$21.7m	$2.8m	-11.7%
International Flavors & FragrancesIFF	3.7%	$277m	$10.1m	$1.8m	–
Spdr Gold TrustGLD	0.7%	$23bn	$160m	−$133m	-21.9%

Net income is as reported (GAAP), so it includes one-off items and, for some companies, gains or losses on investments they hold. Companies that report under IFRS (most non-US companies) or whose shares we can’t match reliably are left out; “portfolio covered” shows how much is included. Look-through earnings explained. Growth compares earnings per share over the last 12 months with the 12 months a year earlier, for holdings profitable in both.

5% stake filings

Holdings of 5% or more of a company (13D and 13G), usually reported well before the next 13F. How this works

First Eagle Investment Management’s filings since December 2024, newest first. An amendment showing less than 5% means the holding fell below the threshold. A 13D means the holder may seek to influence the company. How to read a 13D.

Company	Owns	Form	Filed
Amtech Systems	4.9%below 5%	13G/A	6 Aug 2026
Dentsply Sirona	0.4%below 5%	13G/A	6 Aug 2026
Warrior Met Coal	7.6%	13G	6 Aug 2026
Universal Health Services	8.8%	13G/A	6 Aug 2026
Simulations Plus	5.3%	13G	6 Aug 2026

US holdings by sector

Materials16.0%
Technology13.9%
Financials13.5%
Health care11.7%
Communication and media9.9%
Industrials8.4%
Consumer staples7.7%
Energy5.9%
Insurance4.7%
Consumer discretionary3.5%
Other1.1%
Utilities0.2%
Not classified3.5%

Sectors are grouped from each company’s SEC industry code, as a share of the Q2 2026 13F.

US portfolio value by quarter

$39bnQ3 ’23

$42bnQ4 ’23

$44bnQ1 ’24

$45bnQ2 ’24

$49bnQ3 ’24

$45bnQ4 ’24

$48bnQ1 ’25

$51bnQ2 ’25

$55bnQ3 ’25

$57bnQ4 ’25

$59bnQ1 ’26

$61bnQ2 ’26

From each quarter’s 13F. Changes reflect both trading and share-price moves.