First Eagle Investment Management

First Eagle Investment Management

Period

Q1 2026

Portfolio Date

Mar 31, 2026

Stocks Held

416

Market Value

$58.9B

Portfolio Analysis

AIPreview
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I. Institutional Overview

First Eagle Investment Management stands as a titan in the world of asset management, embodying a philosophy that prioritizes capital preservation and long-term growth through a disciplined, value-oriented lens. As of the portfolio snapshot on March 31, 2026, the institution manages a staggering total portfolio market value of approximately $58.92 billion....

The institutional portrait of First Eagle is one of "patient capital." Unlike high-frequency trading shops or momentum-chasing hedge funds, First Eagle’s psychological profile is rooted in the tradition of Benjamin Graham and Jean-Marie Eveillard. They seek out resilient businesses with strong balance sheets, often in sectors that are unloved or...

A defining characteristic of First Eagle’s current state is its commitment to "real assets" and companies with tangible value. This is evidenced by their significant historical and current allocations to materials and energy, which often serve as a hedge against currency debasement and inflation. However, the Q1 2026 report shows a fascinating evolution....

Based on the latest available 13F filing.

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Holdings Value Trend

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Top 5 Holdings

1

$GOOG

Alphabet Inc.

2.8%

% of Portfolio

2

$BDX

Becton, Dickinson and Company

2.5%

% of Portfolio

3

$WPM

Wheaton Precious Metals Corp.

2.5%

% of Portfolio

4

$IMO

Imperial Oil Limited

2.4%

% of Portfolio

5

$META

Meta Platforms, Inc.

2.4%

% of Portfolio

Historical Positions

SymbolQ1 2026Q4 2025Q3 2025Q2 2025
GOOG2.8%4.1%3.3%2.6%
BDX2.5%4.0%3.4%3.0%
WPM2.5%3.2%3.5%3.2%
IMO2.4%2.8%3.3%3.2%
META2.4%3.7%4.5%4.8%
HCA2.0%3.0%3.0%3.2%
SLB1.9%---
FMX1.9%---
TSM1.7%3.2%3.4%3.0%
FNV1.7%---

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

GOOG+24.30%
ELV+36.36%
TXN+53.81%
ORCL+25.14%
TSM+24.60%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

CHTR-35.55%
WTW-10.29%
BDX-6.28%
HCA-20.02%
CMCSA-16.51%

Sector Analysis

Energy12.3%
Others0.1%
Materials17.4%
Financials9.3%
Healthcare13.8%
Technology13.6%
Industrials6.0%
Real Estate5.0%

Trading Summary

1

$ADP

0.8%

2

$BRO

0.8%

3

$WAT

0.6%

4

$FI

0.6%

5

$CFR

0.4%

6

$VSNT

0.1%

7

$RELX

0.0%

8

$FUL

0.0%

9

$KWR

0.0%

10

$PLXS

0.0%

11

$CBT

0.0%

12

$CCRN

0.0%

13

$CVLG

0.0%

14

$ETF-SPY

0.0%

15

$EXTR

0.0%

16

$HRI

0.0%

17

$HUN

0.0%

18

$IIIV

0.0%

19

$LAD

0.0%

20

$OLN

0.0%

All Holdings

1

$GOOG

2.8%

2

$BDX

2.5%

3

$WPM

2.5%

4

$IMO

2.4%

5

$META

2.4%

6

$HCA

2.0%

7

$SLB

1.9%

8

$FMX

1.9%

9

$TSM

1.7%

10

$FNV

1.7%

11

$NEM

1.7%

12

$WTW

1.7%

13

$ORCL

1.6%

14

$ELV

1.6%

15

$BK

1.6%

16

$CRM

1.5%

17

$WY

1.5%

18

$CMCSA

1.4%

19

$XOM

1.4%

20

$ETF-GLD

1.4%

21

$OKE

1.4%

22

$AEM

1.4%

23

$ABEV

1.3%

24

$WDAY

1.3%

25

$PM

1.3%

26

$CHRW

1.3%

27

$MDT

1.1%

28

$EXPD

1.1%

29

$B

1.1%

30

$UHS

1.1%

31

$CHTR

1.0%

32

$NTR

1.0%

33

$BIO

1.0%

34

$TXN

0.9%

35

$CL

0.9%

36

$PPG

0.9%

37

$NOV

0.9%

38

$IFF

0.9%

39

$NE

0.9%

40

$ADP

0.8%

41

$BRO

0.8%

42

$EQR

0.7%

43

$OMC

0.7%

44

$DG

0.7%

45

$IPGP

0.7%

46

$DIS

0.7%

47

$EXR

0.7%

48

$AXP

0.7%

49

$MSFT

0.7%

50

$BXP

0.6%