First Eagle Investment Management, LLC
Filing Date
Global Rank
#136
/ 7,976
▲ 2
Top Industry
Gold
15.6%
3Y Alpha vs SPY
-1.5%
Period ended 9 months ago
Filed Nov 12, 2025 · 7mo
22 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+70.0%
SPY
+76.5%
Annualised alpha
-1.5%
Max drawdown
−13.0%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
388 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025Top Position
4.8%
−0.4 pts
Top 5
20.3%
−0.3 pts
Top 10
34.4%
−0.3 pts
HHI
212
Diversified−6
Portfolio Trend
22 quarters · across all stocks
Sector Breakdown
As of Sep 30, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Basic Materials | 19.1% | $9,931,005,597 |
| Technology | 15.3% | $7,956,428,414 |
| Healthcare | 14.3% | $7,449,873,942 |
| Communication Services | 10.8% | $5,627,625,054 |
| Energy | 10.2% | $5,324,159,597 |
| Consumer Defensive | 8.9% | $4,634,605,351 |
| Financial Services | 8.1% | $4,190,179,190 |
| Industrials | 7.3% | $3,813,314,855 |
| Real Estate | 3.3% | $1,724,726,027 |
| Unclassified | 1.7% | $899,991,356 |
| Consumer Cyclical | 0.8% | $430,765,174 |
| Utilities | 0.1% | $28,751,040 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| OKE | Oneok Inc /New/ | +1,513,042 | 7,769,215 | $566,919,618 | |
| IFF | International Flavors & Fragrances Inc | +1,485,976 | 6,927,070 | $426,291,887 | |
| BDX | Becton Dickinson & Co | +1,208,218 | 9,994,408 | $1,470,639,158 | |
| FNV | FRANCO NEVADA Corp | +846,950 | 4,049,187 | $902,604,274 | |
| ELV | Elevance Health, Inc. | +798,457 | 3,998,603 | $1,292,028,600 | |
| PPG | Ppg Industries Inc | +703,549 | 6,263,829 | $658,391,066 | |
| KOS | Kosmos Energy Ltd. | +698,740 | 2,747,831 | $4,561,398 | |
| CHTR | Charter Communications, Inc. /Mo/ | +597,933 | 1,352,359 | $372,047,484 | |
| FIP | FTAI Infrastructure Inc. | +488,182 | 2,226,353 | $9,706,899 | |
| CRM | Salesforce, Inc. | +475,495 | 3,690,824 | $874,725,288 | |
| SRTA | Strata Critical Medical, Inc. | +439,731 | 1,793,351 | $9,074,355 | |
| SMWB | Similarweb Ltd. | +375,496 | 545,001 | $5,068,508 | |
| MASS | 908 Devices Inc. | +336,584 | 603,962 | $5,290,707 | |
| TMCI | Treace Medical Concepts, Inc. | +330,866 | 1,238,895 | $8,312,985 | |
| CXM | Sprinklr, Inc. | +315,953 | 1,071,681 | $8,273,377 | |
| TALK | Talkspace, Inc. | +289,500 | 1,890,630 | $5,218,138 | |
| HLN | Haleon plc | +273,044 | 3,056,951 | $27,420,849 | |
| THRY | Thryv Holdings, Inc. | +261,280 | 846,596 | $10,209,946 | |
| AXGN | Axogen, Inc. | +253,888 | 431,843 | $7,704,078 | |
| KODK | Eastman Kodak Co | +231,217 | 734,433 | $4,707,715 | |
| ITUB | Itau Unibanco Holding S.A. | +225,085 | 2,491,313 | $17,753,593 | |
| CTOS | Custom Truck One Source, Inc. | +216,083 | 774,436 | $4,971,878 | |
| PROF | Profound Medical Corp. | +169,352 | 291,391 | $1,424,901 | |
| HLX | Helix Energy Solutions Group Inc | +165,100 | 529,358 | $3,472,588 | |
| BTI | British American Tobacco p.l.c. | +160,048 | 1,284,550 | $68,183,913 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ORCL | Oracle Corp | −2,309,153 | 8,839,413 | $2,485,996,511 | |
| BNY | Bank of New York Mellon Corp | −2,247,431 | 10,304,933 | $1,122,825,498 | |
| KGC | Kinross Gold Corp | −1,709,593 | 10,115,560 | $251,371,666 | |
| NEM | NEWMONT Corp /DE/ | −1,487,657 | 15,633,877 | $1,318,092,169 | |
| RGLD | Royal Gold Inc | −1,095,759 | 2,247,875 | $450,878,767 | |
| PM | Philip Morris International Inc. | −1,010,774 | 6,121,345 | $992,882,158 | |
| WPM | Wheaton Precious Metals Corp. | −937,294 | 17,158,963 | $1,919,058,421 | |
| B | Barrick Mining Corp | −822,658 | 38,661,303 | $1,266,930,899 | |
| LYG | Lloyds Banking Group plc | −487,908 | 6,328,253 | $28,730,267 | |
| NCMI | National CineMedia, Inc. | −384,125 | 1,260,322 | $5,684,052 | |
| PAL | Proficient Auto Logistics, Inc | −351,004 | 165,469 | $1,140,081 | |
| IMO | Imperial Oil Ltd | −347,325 | 20,143,872 | $1,827,854,944 | |
| CDE | Coeur Mining, Inc. | −339,014 | 1,655,216 | $31,051,851 | |
| HCA | HCA Healthcare, Inc. | −290,385 | 3,919,472 | $1,670,478,966 | |
| RPM | Rpm International Inc/De/ | −286,748 | 1,315 | $155,012 | |
| QNST | Quinstreet, Inc | −265,000 | 460,874 | $7,129,720 | |
| TXN | Texas Instruments Inc | −240,796 | 3,630,721 | $667,072,368 | |
| ADI | Analog Devices Inc | −214,182 | 2,030,651 | $498,930,950 | |
| AXP | American Express Co | −209,011 | 1,722,929 | $572,288,095 | |
| TTMI | Ttm Technologies Inc | −185,816 | 360,253 | $20,750,572 | |
| LXU | Lsb Industries, Inc. | −185,800 | 1,579,801 | $12,448,831 | |
| AL | SUMISHO AIR LEASE CORP | −172,046 | 68,331 | $4,349,268 | |
| CECO | Ceco Environmental Corp | −167,222 | 434,256 | $22,233,906 | |
| PR | Permian Resources Corp | −165,997 | 404,651 | $5,179,532 | |
| LTRX | Lantronix Inc | −161,228 | 123,297 | $563,467 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| WDAY | Workday, Inc. | 2,310,688 | $556,251,921 | |
| OMC | Omnicom Group Inc. | 6,318,477 | $515,145,429 | |
| PAAS | Pan American Silver Corp | 4,594,534 | $177,946,301 | |
| PENG | Penguin Solutions, Inc. | 314,944 | $8,276,728 | |
| FIVN | Five9, Inc. | 295,500 | $7,151,100 | |
| ROG | Rogers Corp | 69,793 | $5,615,544 | |
| BBNX | Beta Bionics, Inc. | 233,202 | $4,633,723 | |
| XRX | Xerox Holdings Corp | 1,152,500 | $4,333,400 | |
| NVST | Envista Holdings Corp | 212,500 | $4,328,625 | |
| MHO | M/I Homes, Inc. | 28,605 | $4,131,706 | |
| HNGE | Hinge Health, Inc. | 83,000 | $4,073,640 | |
| DV | DoubleVerify Holdings, Inc. | 337,500 | $4,043,250 | |
| TFX | Teleflex Inc | 32,000 | $3,915,520 | |
| AEBI | Aebi Schmidt Holding AG | 294,489 | $3,672,277 | |
| TIC | TIC Solutions, Inc. | 274,580 | $3,654,659 | |
| ASPN | Aspen Aerogels Inc | 517,323 | $3,600,567 | |
| AIN | Albany International Corp /De/ | 59,000 | $3,144,700 | |
| MTRN | MATERION Corp | 24,500 | $2,959,845 | |
| AVBH | Avidbank Holdings, Inc. | 85,000 | $2,167,500 | |
| INSG | Inseego Corp. | 140,850 | $2,108,524 | |
| PLAY | Dave & Buster's Entertainment, Inc. | 101,000 | $1,834,160 | |
| AMBQ | Ambiq Micro, Inc. | 58,900 | $1,762,288 | |
| MRVI | Maravai Lifesciences Holdings, Inc. | 450,931 | $1,294,171 | |
| ARQ | Arq, Inc. | 160,731 | $1,150,833 | |
| SMBK | Smartfinancial Inc. | 32,000 | $1,143,360 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
24 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| FLS | Flowserve Corp | 3,909,570 | $204,665,989 | |
| KHC | Kraft Heinz Co | 3,974,279 | $102,615,883 | |
| SNY | Sanofi | 355,667 | $17,182,272 | |
| KMPR | KEMPER Corp | 200,331 | $12,929,362 | |
| RELY | Remitly Global, Inc. | 460,516 | $8,643,885 | |
| MOS | Mosaic Co | 236,925 | $8,643,024 | |
| AHCO | AdaptHealth Corp. | 729,636 | $6,880,467 | |
| PTLO | Portillo's Inc. | 577,850 | $6,743,509 | |
| CRS | Carpenter Technology Corp | 23,679 | $6,544,402 | |
| SEM | Select Medical Holdings Corp | 428,948 | $6,511,430 | |
| TROX | Tronox Holdings plc | 1,261,840 | $6,397,528 | |
| ICHR | Ichor Holdings, Ltd. | 305,172 | $5,993,578 | |
| SCVL | Shoe Carnival Inc | 314,384 | $5,882,124 | |
| DRS | Leonardo DRS, Inc. | 84,685 | $3,936,158 | |
| FSLY | Fastly, Inc. | 541,173 | $3,820,681 | |
| SHOO | Steven Madden, Ltd. | 156,892 | $3,762,270 | |
| NWE | NorthWestern Energy Group, Inc. | 72,999 | $3,744,848 | |
| KRO | Kronos Worldwide Inc | 433,047 | $2,684,891 | |
| HTLD | Heartland Express Inc | 221,581 | $1,914,459 | |
| ASUR | Asure Software Inc | 185,046 | $1,806,048 | |
| WLK | Westlake Corp | 6,885 | $522,777 | |
| TXNM | Txnm Energy Inc | 5,387 | $303,395 | |
| ALGN | Align Technology Inc | 995 | $188,383 | |
| LIN | Linde PLC | 53 | $24,866 | |
| No positions match the current search. | ||||
388 positions ·
$52,011,425,597 total
· as of Sep 30, 2025
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 388 positions by value
· page 1 of 8
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| ORCL |
Oracle Corp
Technology
|
Reduced | 8,839,413 | $2,485,996,511 | 4.78% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Reduced | 3,331,952 | $2,446,918,908 | 4.70% | |
| WPM |
Wheaton Precious Metals Corp.
Basic Materials
|
Reduced | 17,158,963 | $1,919,058,421 | 3.69% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Added | 6,700,008 | $1,871,245,233 | 3.60% | |
| IMO |
Imperial Oil Ltd
Energy
|
Reduced | 20,143,872 | $1,827,854,944 | 3.51% | |
| HCA |
HCA Healthcare, Inc.
Healthcare
|
Reduced | 3,919,472 | $1,670,478,966 | 3.21% | |
| WTW |
Willis Towers Watson PLC
Financial Services
|
Reduced | 4,265,114 | $1,473,383,630 | 2.83% | |
| BDX |
Becton Dickinson & Co
Healthcare
|
Added | 9,994,408 | $1,470,639,158 | 2.83% | |
| CHRW |
C. H. Robinson Worldwide, Inc.
Industrials
|
Reduced | 10,564,999 | $1,398,805,867 | 2.69% | |
| NEM |
NEWMONT Corp /DE/
Basic Materials
|
Reduced | 15,633,877 | $1,318,092,169 | 2.53% | |
| ELV |
Elevance Health, Inc.
Healthcare
|
Added | 3,998,603 | $1,292,028,600 | 2.48% | |
| B |
Barrick Mining Corp
Basic Materials
|
Reduced | 38,661,303 | $1,266,930,899 | 2.44% | |
| FMX |
Mexican Economic Development Inc
Consumer Defensive
|
Reduced | 12,508,526 | $1,233,715,919 | 2.37% | |
| BNY |
Bank of New York Mellon Corp
Financial Services
|
Reduced | 10,304,933 | $1,122,825,498 | 2.16% | |
| CMCSA |
Comcast Corp
Communication Services
|
Added | 35,926,674 | $1,057,932,769 | 2.03% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Reduced | 6,121,345 | $992,882,158 | 1.91% | |
| SLB |
Slb Limited/Nv
Energy
|
Added | 27,543,894 | $946,683,636 | 1.82% | |
| UHS |
Universal Health Services Inc
Healthcare
|
Added | 4,621,171 | $944,752,198 | 1.82% | |
| MDT |
Medtronic plc
Healthcare
|
Added | 9,735,038 | $927,165,018 | 1.78% | |
| FNV |
FRANCO NEVADA Corp
Basic Materials
|
Added | 4,049,187 | $902,604,274 | 1.74% | |
| GLD |
Spdr Gold Trust
|
Added | 2,531,196 | $899,764,241 | 1.73% | |
| AEM |
Agnico Eagle Mines Ltd
Basic Materials
|
Reduced | 5,258,551 | $886,381,356 | 1.70% | |
| XOM |
Exxon Mobil Corp
Energy
|
Added | 7,794,377 | $878,816,006 | 1.69% | |
| CRM |
Salesforce, Inc.
Technology
|
Added | 3,690,824 | $874,725,288 | 1.68% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 3,268,864 | $794,660,837 | 1.53% | |
| NTR |
Nutrien Ltd.
Basic Materials
|
Reduced | 13,237,215 | $777,156,891 | 1.49% | |
| EXPD |
Expeditors International Of Washington Inc
Industrials
|
Added | 6,280,242 | $769,894,866 | 1.48% | |
| ABEV |
Ambev S.A.
Consumer Defensive
|
Reduced | 338,598,724 | $755,075,154 | 1.45% | |
| BIO |
Bio-Rad Laboratories, Inc.
Healthcare
|
Reduced | 2,520,319 | $706,672,243 | 1.36% | |
| TXN |
Texas Instruments Inc
Technology
|
Reduced | 3,630,721 | $667,072,368 | 1.28% | |
| PPG |
Ppg Industries Inc
Basic Materials
|
Added | 6,263,829 | $658,391,066 | 1.27% | |
| CL |
Colgate Palmolive Co
Consumer Defensive
|
Added | 7,889,103 | $630,654,893 | 1.21% | |
| DG |
Dollar General Corp
Consumer Defensive
|
Added | 5,977,005 | $617,723,466 | 1.19% | |
| CMI |
Cummins Inc
Industrials
|
Reduced | 1,423,501 | $601,244,116 | 1.16% | |
| EQR |
Equity Residential
Real Estate
|
Added | 9,197,886 | $595,379,160 | 1.14% | |
| AXP |
American Express Co
Financial Services
|
Reduced | 1,722,929 | $572,288,095 | 1.10% | |
| OKE |
Oneok Inc /New/
Energy
|
Added | 7,769,215 | $566,919,618 | 1.09% | |
| WDAY |
Workday, Inc.
Technology
|
NEW | 2,310,688 | $556,251,921 | 1.07% | |
| OMC |
Omnicom Group Inc.
Communication Services
|
NEW | 6,318,477 | $515,145,429 | 0.99% | |
| ADI |
Analog Devices Inc
Technology
|
Reduced | 2,030,651 | $498,930,950 | 0.96% | |
| NOV |
NOV Inc.
Energy
|
Added | 37,609,002 | $498,319,276 | 0.96% | |
| RGLD |
Royal Gold Inc
Basic Materials
|
Reduced | 2,247,875 | $450,878,767 | 0.87% | |
| IFF |
International Flavors & Fragrances Inc
Basic Materials
|
Added | 6,927,070 | $426,291,887 | 0.82% | |
| USB |
US Bancorp De
Financial Services
|
Added | 8,773,278 | $424,012,524 | 0.82% | |
| DIS |
Walt Disney Co
Communication Services
|
Added | 3,426,467 | $392,330,471 | 0.75% | |
| CHTR |
Charter Communications, Inc. /Mo/
Communication Services
|
Added | 1,352,359 | $372,047,484 | 0.72% | |
| IPGP |
Ipg Photonics Corp
Technology
|
Added | 4,474,759 | $354,356,164 | 0.68% | |
| FNF |
Fidelity National Financial, Inc.
Financial Services
|
Added | 6,047,767 | $352,776,529 | 0.68% | |
| WY |
Weyerhaeuser Co
Real Estate
|
Reduced | 14,135,500 | $350,419,044 | 0.67% | |
| NE |
Noble Corp plc
Energy
|
Added | 12,166,208 | $344,060,361 | 0.66% |