Institutional Manager · CIK 0001325447

First Eagle Investment Management, LLC

NEW YORK, NY · File #028-11953

Latest AUM

$56.82B

Positions

597

Top-10 Concentration

36.2%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	NEWMONT CORP	NEMCL	-14,551,640	-$1.45B	+$233.6M
ADD	WEYERHAEUSER CO MTN BE	WY	+23,105,379	+$547.4M	-$15.3M
REDUCE	ALPHABET INC	GOOG	-1,540,894	-$482.3M	+$228.5M
ADD	WORKDAY INC	WDAY	+2,004,752	+$430.6M	-$59.3M
REDUCE	CUMMINS INC	CMI	-654,980	-$334.3M	+$123.0M
ADD	CHARTER COMMUNICATIONS INC N	16119P108	+1,577,562	+$329.3M	-$89.7M
ADD	BECTON DICKINSON & CO	BDX	+1,612,120	+$312.9M	+$68.0M
REDUCE	ROYAL GOLD INC	RGLD	-1,321,752	-$293.8M	+$48.8M
REDUCE	BARRICK MNG CORP	06849F108	-6,302,993	-$274.5M	+$402.9M
ADD	ONEOK INC NEW	OKE	+3,513,502	+$258.2M	+$4.1M

Sector Allocation

11.8%$6.70B

9.3%$5.27B

9.0%$5.11B

6.2%$3.52B

Communication Services

4.6%$2.62B

4.5%$2.55B

4.3%$2.42B

3.9%$2.24B

3.1%$1.77B

Consumer Discretionary

0.8%$430.9M

Utilities

0.1%$28.7M

Filing History

Feb 4, 202613F COMBINATION REPORTQ/E Dec 2025597 pos · $56.82B
Nov 12, 202513F COMBINATION REPORTQ/E Sep 2025546 pos · $54.92B
Aug 6, 202513F COMBINATION REPORTQ/E Jun 2025527 pos · $50.93B
May 12, 202513F COMBINATION REPORTQ/E Mar 2025552 pos · $47.92B
Feb 10, 202513F COMBINATION REPORTQ/E Dec 2024559 pos · $44.81B
Nov 12, 202413F HOLDINGS REPORTQ/E Sep 2024524 pos · $48.61B
Aug 12, 202413F HOLDINGS REPORTQ/E Jun 2024527 pos · $44.67B
May 9, 202413F HOLDINGS REPORTQ/E Mar 2024532 pos · $44.02B
Nov 8, 202313F HOLDINGS REPORTQ/E Dec 2023524 pos · $38.65B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ALPHABET INC	GOOG	7,226,099	$2.27B	4.66%
2	BECTON DICKINSON & CO	BDX	11,466,548	$2.23B	4.58%
3	META PLATFORMS INC	META	3,105,396	$2.05B	4.22%
4	WHEATON PRECIOUS METALS CORP	WPM	14,933,801	$1.76B	3.61%
5	TAIWAN SEMICONDUCTOR MFG LTD	874039100	5,541,578	$1.68B	3.46%
6	HCA HEALTHCARE INC	HCA	3,585,613	$1.67B	3.44%
7	ORACLE CORP	ORCL-PD	8,152,869	$1.59B	3.27%
8	IMPERIAL OIL LTD	IMO	17,690,222	$1.53B	3.14%
9	C H ROBINSON WORLDWIDE INC	CHRW	8,904,909	$1.43B	2.94%
10	ELEVANCE HEALTH INC FORMERLY	ELV	3,963,023	$1.39B	2.86%
11	WILLIS TOWERS WATSON PLC LTD	WTW	4,119,475	$1.35B	2.78%
12	BARRICK MNG CORP	06849F108	31,070,845	$1.35B	2.78%
13	NEWMONT CORP	NEMCL	13,239,226	$1.32B	2.72%
14	FOMENTO ECONOMICO MEXICANO S	344419106	12,062,521	$1.22B	2.51%
15	SALESFORCE INC	CRM	4,242,086	$1.12B	2.31%
16	BANK NEW YORK MELLON CORP	064058100	9,559,834	$1.11B	2.28%
17	COMCAST CORP NEW	CCZ	35,673,728	$1.07B	2.19%
18	SLB LIMITED	SLB	27,267,064	$1.05B	2.15%
19	FRANCO NEV CORP	FNV	5,001,547	$1.04B	2.13%
20	EXPEDITORS INTL WASH INC	302130109	6,219,773	$926.8M	1.91%