First Eagle Investment Management, LLC
Long book
$58.98B
Q1 2026
Positions
420
Top-10 weight
28%
concentration
Last quarter
+3.4%
SPY +14.8%
Turnover
17%
of book per quarter
Strategy in plain words
auto-generated from filingsFirst Eagle Investment Management, LLC is an institutional manager, running a $58.98B US long book across 420 positions.
The portfolio is moderately concentrated (top 10 ≈ 28% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ALPHABET INC-CL C, BECTON DICKINSON AND CO, WHEATON PRECIOUS METALS CORP, IMPERIAL OIL LTD, META PLATFORMS INC-CLASS A.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.7%
Q2 2024
+9.6%
Q3 2024
-5.4%
Q4 2024
+4.6%
Q1 2025
+6.4%
Q2 2025
+10.6%
Q3 2025
+4.8%
Q4 2025
+3.5%
Q1 2026
+3.4%
Sector allocation
Technology 21%
Materials 15%
Financials 13%
Healthcare 13%
Energy 10%
Industrials 8%
Other 7%
Communications 4%
Long book by quarter
What does First Eagle own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOG ALPHABET INC-CL C | Technology | 7.4M | $2.12B | 3.6% | +0.5% |
| BDX BECTON DICKINSON AND CO | Healthcare | 11.9M | $1.88B | 3.2% | +2.4% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 14.2M | $1.85B | 3.1% | -8.0% |
| IMO IMPERIAL OIL LTD | Energy | 14.0M | $1.83B | 3.1% | -24.9% |
| META META PLATFORMS INC-CLASS A | Technology | 3.2M | $1.83B | 3.1% | +1.4% |
| HCA HCA HEALTHCARE INC | Healthcare | 3.3M | $1.54B | 2.6% | -10.7% |
| SLB SLB LTD | Energy | 28.4M | $1.46B | 2.5% | +2.4% |
| FNV FRANCO-NEVADA CORP | Materials | 5.3M | $1.31B | 2.2% | +2.9% |
| NEM NEWMONT CORP | Materials | 12.0M | $1.30B | 2.2% | -12.4% |
| WTW WILLIS TOWERS WATSON PLC | Financials | 4.3M | $1.26B | 2.1% | +2.1% |
| ORCL ORACLE CORP | Technology | 8.4M | $1.24B | 2.1% | +1.7% |
| ELV ELEVANCE HEALTH INC | Financials | 4.1M | $1.21B | 2.1% | +2.7% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 9.9M | $1.17B | 2.0% | +1.3% |
| CRM SALESFORCE INC | Technology | 6.1M | $1.14B | 1.9% | +42.0% |
| CMCSA COMCAST CORP-CLASS A | Communications | 37.8M | $1.08B | 1.8% | +4.4% |
| XOM EXXON MOBIL CORP | Energy | 6.2M | $1.06B | 1.8% | -19.6% |
| OKE ONEOK INC | Utilities | 11.7M | $1.06B | 1.8% | +2.8% |
| AEM AGNICO EAGLE MINES LTD | Materials | 5.2M | $1.05B | 1.8% | 0.0% |
| WDAY WORKDAY INC-CLASS A | Technology | 7.6M | $988.5M | 1.7% | +75.4% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 5.9M | $974.3M | 1.7% | +1.5% |
| CHRW C.H. ROBINSON WORLDWIDE INC | Industrials | 5.7M | $951.6M | 1.6% | -36.9% |
| MDT MEDTRONIC PLC | Healthcare | 10.0M | $870.4M | 1.5% | +2.8% |
| EXPD EXPEDITORS INTL WASH INC | Industrials | 5.9M | $851.5M | 1.4% | -5.8% |
| B BARRICK MINING CORP | Materials | 20.6M | $839.1M | 1.4% | -35.9% |
| UHS UNIVERSAL HEALTH SERVICES-B | Healthcare | 4.4M | $791.8M | 1.3% | +2.6% |
| CHTR CHARTER COMMUNICATIONS INC-A | Communications | 3.6M | $772.9M | 1.3% | +20.6% |
| NTR NUTRIEN LTD | Other | 10.0M | $753.8M | 1.3% | -24.9% |
| BIO BIO-RAD LABORATORIES-A | Healthcare | 2.6M | $725.5M | 1.2% | +1.3% |
| TXN TEXAS INSTRUMENTS INC | Technology | 3.7M | $713.3M | 1.2% | +0.7% |
| CL COLGATE-PALMOLIVE CO | Other | 8.1M | $691.8M | 1.2% | +2.5% |
| PPG PPG INDUSTRIES INC | Other | 6.4M | $687.8M | 1.2% | +2.3% |
| NOV NOV INC | Industrials | 36.4M | $684.8M | 1.2% | -3.2% |
| IFF INTL FLAVORS & FRAGRANCES | Other | 9.3M | $675.8M | 1.1% | +5.5% |
| NE NOBLE CORP PLC | Energy | 13.6M | $665.5M | 1.1% | +11.2% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 2.8M | $579.0M | 1.0% | New |
| BRO BROWN & BROWN INC | Financials | 8.8M | $575.4M | 1.0% | New |
| OMC OMNICOM GROUP | Services media | 7.3M | $550.0M | 0.9% | +15.0% |
| DG DOLLAR GENERAL CORP | Consumer discretionary | 4.5M | $529.0M | 0.9% | +0.9% |
| IPGP IPG PHOTONICS CORP | Technology | 4.6M | $526.4M | 0.9% | +2.4% |
| DIS WALT DISNEY CO/THE | Services media | 5.3M | $506.4M | 0.9% | +52.6% |
| AXP AMERICAN EXPRESS CO | Financials | 1.7M | $502.9M | 0.9% | +1.4% |
| MSFT MICROSOFT CORP | Technology | 1.3M | $490.5M | 0.8% | +137.6% |
| WAT WATERS CORP | Healthcare | 1.6M | $469.1M | 0.8% | New |
| USB US BANCORP | Financials | 9.0M | $469.0M | 0.8% | +2.3% |
| FISV FISERV INC | Services media | 7.5M | $418.2M | 0.7% | New |
| CMI CUMMINS INC | Industrials | 767.2K | $412.8M | 0.7% | +1.6% |
| FNF FIDELITY NATIONAL FINANCIAL | Financials | 8.9M | $411.9M | 0.7% | +45.5% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 565 | $405.7M | 0.7% | +2.2% |
| GOOGL ALPHABET INC-CL A | Technology | 1.2M | $344.6M | 0.6% | -30.7% |
| MICC MAGNUM ICE CREAM CO NV/THE | Consumer staples | 22.7M | $333.7M | 0.6% | +39.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR/ARESTATEMENT | May 14, 2026 | 602 | $59.00B | canonical | SEC ↗ |
| Q1 2026 | 13F-HR | May 12, 2026 | 602 | $75.57B | SEC ↗ | |
| Q4 2025 | 13F-HR | Feb 4, 2026 | 597 | $56.82B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 546 | $54.92B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 6, 2025 | 527 | $50.93B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 552 | $47.92B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 559 | $44.81B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 524 | $48.61B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 527 | $44.67B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 532 | $44.02B | canonical | SEC ↗ |
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