§ 13F · FUND PROFILE
First Eagle Investment Management, LLC.
Global value, capital preservation
AUM · $54.9B (13F)Positions · 546Turnover · 35% · Q1Filed · May 12, 2026
CONCENTRATION
25%
Top 10 holdings
NEW BUYS
+41
+$19.1B deployed
EXITS
0
No exits
SECTOR SHIFT
HEALTH CARE → ENERGY
-4pp · +1pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 12, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | MSTR 0 12/01/29 | STRATEGY INC | 20.00B | $16.6B | 12.3% | NEW |
| 2 | GOOG | ALPHABET INC | 7.23M | $2.1B | 1.5% | — |
| 3 | GOOG | ALPHABET INC | 7.23M | $2.1B | 1.5% | +101% |
| 4 | BDX | BECTON DICKINSON & CO | 11.70M | $1.8B | 1.4% | +105% |
| 5 | BDX | BECTON DICKINSON & CO | 11.70M | $1.8B | 1.4% | — |
| 6 | META | META PLATFORMS INC | 3.14M | $1.8B | 1.3% | — |
| 7 | META | META PLATFORMS INC | 3.14M | $1.8B | 1.3% | +103% |
| 8 | WPM | WHEATON PRECIOUS METALS CORP | 13.70M | $1.8B | 1.3% | +84% |
| 9 | WPM | WHEATON PRECIOUS METALS CORP | 13.70M | $1.8B | 1.3% | — |
| 10 | IMO | IMPERIAL OIL LTD | 13.14M | $1.7B | 1.3% | +50% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other38.0% (−3pp)
Metals & Mining11.6% (−2pp)
Energy10.5% (+1pp)
Health Care9.9% (−4pp)
Media9.1% (−2pp)
Technology5.8% (−1pp)
§ 03 · THE FIRST SIGNAL
AC read
First Eagle Investment Management, LLC is a Deep Value fund managing $54.9 billion in assets. The fund runs a broad portfolio of 546 positions, broad diversification across holdings. The fund is an active trader with 35% quarterly turnover, with 41 new positions and 0 exits last quarter. Top sector allocations: Other (38%), Metals & Mining (12%), Energy (11%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
3 FILINGS
Q1 2026
Busy quarter
+41 buys · −0 exits · 383 changed
Q1 2026
Busy quarter
+41 buys · −0 exits · 383 changed
Q4 2025
Busy quarter
+55 buys · −0 exits · 342 changed
Q3 2025
Busy quarter
+44 buys · −0 exits · 351 changed