Matthew McLennan
Head of the Global Value Team and Portfolio Manager, First Eagle Investment Management
Sole Head of the Global Value Team since 9 October 2025 (previously Co-Head with Kimball Brooker).
Biography
Matthew McLennan joined First Eagle in September 2008 from Goldman Sachs Asset Management, where he had been Chief Investment Officer (2003–2008) of a London-based team running a focused, value-oriented global equity product, having started in the industry in 1991. He leads First Eagle's Global Value team and is a portfolio manager of the First Eagle Global, Overseas and U.S. funds. The Global Fund follows a benchmark-agnostic value approach that seeks a margin of safety in individual stocks and holds cash and gold as hedges, with the aim of avoiding permanent impairment of capital.
In their own words
Writing and presentations
- First Eagle Global Fund investor guide firsteagle.com
Profiles
- Matthew McLennan – First Eagle profile firsteagle.com
First Eagle Investment Management’s largest US holdings
- AlphabetGOOG4.6%
- Becton Dickinson & CoBDX3.4%
- Meta PlatformsMETA3.0%
- Taiwan Semiconductor ManufacturingTSM2.9%
- Fomento Economico MexicanoFMX2.7%
- Elevance HealthELV2.7%
- Wheaton Precious MetalsWPM2.6%
- Imperial OilIMO2.5%
- SchlumbergerSLB2.2%
- BNYBK2.2%
Also at First Eagle Investment Management
- Julien Albertini Deputy Head of the Global Value Team and Portfolio Manager
- Manish Gupta Portfolio Manager and Senior Research Analyst