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First Eagle Investment Management LLC

The positions First Eagle Investment Management LLC reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 5 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.

Reported book
$60.8bn
+$1.8bn on Q1 2026
Positions
425
6+ new, 40 sold out
Top ten weight
29%
Spread across the book
Quarter
Q2 2026
Filed 5 Aug 2026
Read the Q2 2026 filing on sec.gov CIK 0001325447 · Value / activist · NY

Reported book is the quarter-end market value of the securities on the 13F, mostly US-listed long equity. It is not the manager’s assets under management: shorts, cash, leverage and most non-US or private holdings sit outside it.

Reported book by quarter
$0$30.4bn$60.8bnQ3 24: $48.6bn$48.6bnQ3 24Q4 24: $44.8bn$44.8bnQ4 24Q1 25: $47.9bn$47.9bnQ1 25Q2 25: $50.9bn$50.9bnQ2 25Q3 25: $54.9bn$54.9bnQ3 25Q4 25: $56.8bn$56.8bnQ4 25Q1 26: $59.0bn$59.0bnQ1 26Q2 26: $60.8bn$60.8bnQ2 26
Every quarter since Q2 2013: what First Eagle Investment Management LLC bought, cut and sold →
Largest positions, share of the book
GOOG · Alphabet Inc: 4.3%GOOG · Alphabet Inc4.3%BDX · Becton Dickinson & Co: 3.4%BDX · Becton Dickinson …3.4%META · Meta Platforms Inc: 3.0%META · Meta Platforms I…3.0%TSM · Taiwan Semiconductor Manufac: 2.9%TSM · Taiwan Semiconduc…2.9%FMX · Fomento Economico Mexicano S: 2.7%FMX · Fomento Economico…2.7%ELV · Elevance Health Inc Formerly: 2.7%ELV · Elevance Health I…2.7%WPM · Wheaton Precious Metals Corp: 2.6%WPM · Wheaton Precious …2.6%IMO · Imperial Oil LTD: 2.5%IMO · Imperial Oil LTD2.5%SLB · SLB Limited: 2.2%SLB · SLB Limited2.2%BNY · Bank of Ny Mellon Corp: 2.2%BNY · Bank of Ny Mellon…2.2%

Opened this quarter

A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.

  • Booking Holdings Inc (BKNG)$876m · 1.4%
  • Warrior Met Coal Inc (HCC)$315m · 0.5%
  • SPDR Series BLO 1 ETF (BIL)$99m · 0.2%
  • SPDR Series SP Regional Banks (KRE)$18m · 0.0%
  • Griffon Corp (GFF)$17m · 0.0%
  • Synaptics Inc (SYNA)$14m · 0.0%

Sold out of this quarter

Exits are valued at what the position was worth in the previous filing, because by this one it is gone.

  • Versant Media Group Inc (VSNT)$59m held before
  • Thermon Group HLDGS Inc (THR)$15m held before
  • Century Communities Inc (CCS)$15m held before
  • Beazer Homes USA Inc (BZH)$13m held before
  • Eagle Matls Inc (EXP)$12m held before
  • State Street SPDR S&P 500 ETF (SPY)$11m held before
  • Ferroglobe PLC (GSM)$8.6m held before
  • Forestar Group Inc (FOR)$8.3m held before
  • Janus International Group In (JBI)$7.1m held before
  • Gxo Logistics Incorporated (GXO)$6.6m held before
  • Kemper Corp (KMPR)$4.6m held before
  • Quinstreet Inc (QNST)$4.2m held before
  • and 28 more.

Largest reported positions, Q2 2026

200 positions, sorted by weight · page 1 of 2

Showing the largest 200 reported positions, representing 98.0% of reported market value.

PositionWeight ↓ValueSharesChange on the quarterAction
Alphabet Inc (GOOG)
Capital Stock Class C · CUSIP 02079K107
4.3%$2.6bn7,316,252
+$461m
-88,396 shares
Trimmed
Becton Dickinson & Co (BDX)
CUSIP 075887109
3.4%$2.1bn13,815,335
+$215m
+1,887,224 shares
Added
Meta Platforms Inc (META)
Class A · CUSIP 30303M102
3.0%$1.8bn3,217,353
-$15m
+24,255 shares
Added
Taiwan Semiconductor Manufac (TSM)
Sponsored ADS · CUSIP 874039100
2.9%$1.8bn3,745,597
+$470m
-156,540 shares
Trimmed
Fomento Economico Mexicano S (FMX)
Sponsored ADR Units · CUSIP 344419106
2.7%$1.7bn13,008,276
+$231m
+106,023 shares
Added
Elevance Health Inc Formerly (ELV)
CUSIP 036752103
2.7%$1.6bn4,188,196
+$410m
+55,905 shares
Added
Wheaton Precious Metals Corp (WPM)
CUSIP 962879102
2.6%$1.6bn14,215,147
-$258m
+58,636 shares
Added
Imperial Oil LTD (IMO)
CUSIP 453038408
2.5%$1.5bn13,590,697
-$306m
-381,608 shares
Trimmed
SLB Limited (SLB)
CUSIP 806857108
2.2%$1.3bn28,913,733
-$114m
+537,566 shares
Added
Bank of Ny Mellon Corp (BNY)
CUSIP 064058100
2.2%$1.3bn9,266,915
+$169m
-601,162 shares
Trimmed
Hca Healthcare Inc (HCA)
CUSIP 40412C101
2.1%$1.3bn3,295,565
-$255m
+40,995 shares
Added
Oracle Corp (ORCL)
CUSIP 68389X105
2.1%$1.2bn8,516,878
+$7.2m
+81,700 shares
Added
Weyerhaeuser Co (WY)
CUSIP 962166104
2.0%$1.2bn51,179,282
+$94m
+4,885,818 shares
Added
Willis Towers Watson PLC LTD (WTW)
CUSIP G96629103
1.9%$1.2bn4,475,860
-$92m
+136,499 shares
Added
Automatic Data Processing In (ADP)
CUSIP 053015103
1.9%$1.2bn5,173,929
+$580m
+2,324,145 shares
Added
Salesforce Inc (CRM)
CUSIP 79466L302
1.9%$1.1bn7,306,034
-$200k
+1,173,470 shares
Added
Franco Nev Corp (FNV)
CUSIP 351858105
1.8%$1.1bn5,273,317
-$207m
-1,220 shares
Trimmed
Ambev SA (ABEV)
Sponsored ADR · CUSIP 02319V103
1.8%$1.1bn349,323,217
+$84m
+2,338,660 shares
Added
Newmont Corp (NEM)
CUSIP 651639106
1.8%$1.1bn11,570,326
-$221m
-452,042 shares
Trimmed
Workday Inc (WDAY)
Class A · CUSIP 98138H101
1.8%$1.1bn8,824,517
+$92m
+1,215,804 shares
Added
Medtronic PLC (MDT)
CUSIP G5960L103
1.8%$1.1bn13,783,983
+$208m
+3,739,288 shares
Added
Philip Morris Intl Inc (PM)
CUSIP 718172109
1.8%$1.1bn5,925,468
+$98m
+33,010 shares
Added
Oneok Inc New (OKE)
CUSIP 682680103
1.7%$1.0bn11,834,827
-$27m
+155,652 shares
Added
Comcast Corp New (CMCSA)
Class A · CUSIP 20030N101
1.5%$937m38,172,985
-$148m
+392,348 shares
Added
SPDR Gold Trust (GLD)
CUSIP 78463V107
1.5%$918m2,491,623
-$139m
+35,882 shares
Added
Booking Holdings Inc (BKNG)
CUSIP 09857L108
1.4%$876m4,916,494No earlier filingNew
Exxon Mobil Corp (XOM)
CUSIP 30231G102
1.4%$828m6,057,069
-$230m
-180,545 shares
Trimmed
Agnico Eagle Mines LTD (AEM)
CUSIP 008474108
1.3%$806m5,192,638
-$248m
-419 shares
Trimmed
PPG Inds Inc (PPG)
CUSIP 693506107
1.3%$790m6,509,824
+$102m
+74,748 shares
Added
Bio Rad Labs Inc (BIO)
Class A · CUSIP 090572207
1.3%$765m2,606,219
+$40m
+3,447 shares
Added
Brown & Brown Inc (BRO)
CUSIP 115236101
1.2%$752m11,727,514
+$177m
+2,904,352 shares
Added
Colgate Palmolive Co (CL)
CUSIP 194162103
1.2%$752m8,205,699
+$61m
+88,917 shares
Added
International Flavors&fragra (IFF)
CUSIP 459506101
1.2%$745m9,409,698
+$70m
+95,028 shares
Added
Barrick MNG Corp (B)
CUSIP 06849F108
1.2%$732m19,918,298
-$108m
-652,934 shares
Trimmed
Microsoft Corp (MSFT)
CUSIP 594918104
1.2%$724m1,940,215
+$233m
+615,117 shares
Added
C H Robinson Worldwide In (CHRW)
CUSIP 12541W209
1.1%$686m3,642,453
-$266m
-2,087,530 shares
Trimmed
Universal HLTH SVCS Inc (UHS)
Class B · CUSIP 913903100
1.1%$677m4,554,670
-$115m
+130,389 shares
Added
Equity Residential (VMRK)
SH Beneficial Interest · CUSIP 29476L107
1.1%$647m9,529,108
+$87m
+59,415 shares
Added
BXP Inc (BXP)
CUSIP 101121101
1.0%$628m9,467,247
+$143m
+122,786 shares
Added
Nutrien LTD (NTR)
CUSIP 67077M108
1.0%$628m9,971,263
-$126m
-17,604 shares
Trimmed
Nov Inc (NOV)
CUSIP 62955J103
0.9%$569m30,684,691
-$116m
-5,723,668 shares
Trimmed
American Express Co (AXP)
CUSIP 025816109
0.9%$568m1,680,147
+$65m
+17,519 shares
Added
Extra Space Storage Inc (EXR)
CUSIP 30225T102
0.9%$563m3,876,997
+$60m
+38,306 shares
Added
US Bancorp (USB)
CUSIP 902973304
0.9%$551m9,123,058
+$82m
+104,974 shares
Added
Omnicom Group Inc (OMC)
CUSIP 681919106
0.9%$535m7,343,209
-$15m
+40,096 shares
Added
Fiserv Inc (FISV)
CUSIP 337738108
0.9%$533m10,857,773
+$114m
+3,362,539 shares
Added
Noble Corp PLC (NE)
Ordinary Shares A · CUSIP G65431127
0.9%$521m13,957,162
-$145m
+395,316 shares
Added
Dollar Gen Corp (DG)
CUSIP 256677105
0.9%$518m4,500,001
-$11m
+44,379 shares
Added
Disney Walt Co (DIS)
CUSIP 254687106
0.9%$517m5,375,293
+$11m
+121,210 shares
Added
Charter Communications Inc (CHTR)
Class A · CUSIP 16119P108
0.8%$510m3,587,347
-$263m
+7,187 shares
Added
Waters Corp (WAT)
CUSIP 941848103
0.8%$501m1,335,108
+$32m
-240,079 shares
Trimmed
Carlisle Cos Inc (CSL)
CUSIP 142339100
0.7%$448m1,234,540
+$183m
+441,375 shares
Added
Cullen Frost Bankers Inc (CFR)
CUSIP 229899109
0.7%$429m2,777,658
+$119m
+511,784 shares
Added
Fidelity Natl Finl Inc (FNF)
CUSIP 31620R303
0.7%$423m8,977,002
+$12m
+96,894 shares
Added
Berkshire Hathaway Inc Del
Class A · CUSIP 084670108
0.7%$423m565
+$17m
0 shares
Held
Magnum Ice Cream Co NV (MICC)
CUSIP N5505D105
0.7%$401m23,021,501
+$67m
+312,157 shares
Added
Ipg Photonics Corp (IPGP)
CUSIP 44980X109
0.6%$392m3,338,881
-$135m
-1,254,468 shares
Trimmed
Cummins Inc (CMI)
CUSIP 231021106
0.6%$383m536,868
-$30m
-230,363 shares
Trimmed
Deere & Co (DE)
CUSIP 244199105
0.6%$341m536,879
+$40m
+3,854 shares
Added
Expeditors Intl Wash Inc (EXPD)
CUSIP 302130109
0.5%$329m2,020,988
-$522m
-3,924,197 shares
Trimmed
Warrior Met Coal Inc (HCC)
CUSIP 93627C101
0.5%$315m3,879,058No earlier filingNew
Alamos Gold Inc (AGI)
Common Class A · CUSIP 011532108
0.3%$187m6,169,791
-$88m
0 shares
Held
Alphabet Inc (GOOGL)
Capital Stock Class A · CUSIP 02079K305
0.3%$185m518,922
-$159m
-679,315 shares
Trimmed
Compania Cervecerias Unidas (CCU)
Sponsored ADR · CUSIP 204429104
0.3%$181m16,119,532
-$2.4m
-926 shares
Trimmed
Royal Gold Inc (RGLD)
CUSIP 780287108
0.3%$172m861,786
-$62m
-55,830 shares
Trimmed
Douglas Emmett Inc (DEI)
CUSIP 25960P109
0.3%$165m13,958,328
+$33m
+275 shares
Added
Ferguson Enterprises Inc (FERG)
Common Stock New · CUSIP 31488V107
0.3%$156m659,054
+$8.7m
+25,745 shares
Added
Kinross Gold Corp (KGC)
CUSIP 496902404
0.2%$152m6,414,993
-$66m
-726,000 shares
Trimmed
Anglogold Ashanti PLC (AU)
CUSIP G0378L100
0.2%$121m1,490,679
-$25m
0 shares
Held
Gold Fields LTD (GFI)
Sponsored ADR · CUSIP 38059T106
0.2%$119m3,535,804
-$42m
0 shares
Held
Pan Amern Silver Corp (PAAS)
CUSIP 697900108
0.2%$108m2,417,389
-$24m
0 shares
Held
British Amern Tob PLC (BTI)
Sponsored ADR · CUSIP 110448107
0.2%$106m1,718,852
+$8.6m
+50,330 shares
Added
SPDR Series BLO 1 ETF (BIL)
CUSIP 78468R663
0.2%$99m1,077,155No earlier filingNew
Shell PLC (SHEL)
Sponsored ADS · CUSIP 780259305
0.1%$83m1,073,265
-$15m
+16,244 shares
Added
Enterprise Prods Partners L (EPD)
CUSIP 293792107
0.1%$72m1,958,036
-$1.5m
+16,555 shares
Added
Unilever PLC (UL)
Sponsored ADR New · CUSIP 904767803
0.1%$51m842,507
+$4.7m
+36,567 shares
Added
Ultra Clean HLDGS Inc (UCTT)
CUSIP 90385V107
0.1%$50m347,930
+$23m
-86,170 shares
Trimmed
Orla MNG LTD New (ORLA)
CUSIP 68634K106
0.1%$47m4,767,826
-$30m
0 shares
Held
Novagold Resources Inc (NG)
CUSIP 66987E206
0.1%$45m7,485,429
-$38m
-1,687,500 shares
Trimmed
Diageo PLC (DEO)
Sponsored ADR New · CUSIP 25243Q205
0.1%$45m554,155
+$33m
+394,961 shares
Added
Vishay Intertechnology Inc (VSH)
CUSIP 928298108
0.1%$44m816,213
+$25m
-247,359 shares
Trimmed
Silicon Motion Technology Co (SIMO)
Sponsored ADR · CUSIP 82706C108
0.1%$42m125,737
+$23m
-42,702 shares
Trimmed
Coca-cola Femsa Sab de CV (KOF)
Spons ADS REP · CUSIP 191241108
0.1%$42m392,739
+$3.4m
0 shares
Held
Lloyds Banking Group PLC (LYG)
Sponsored ADR · CUSIP 539439109
0.1%$41m7,001,757
+$3.6m
-402,396 shares
Trimmed
Cohu Inc (COHU)
CUSIP 192576106
0.1%$41m548,533
+$26m
+74,465 shares
Added
Haleon PLC (HLN)
Sponsored ADS · CUSIP 405552100
0.1%$39m4,224,856
-$900k
+192,213 shares
Added
Bank of Amer Corp
7.25%cnv Preferred L · CUSIP 060505682
0.1%$37m29,641
+$1.9m
0 shares
Held
Brookdale SR Living Inc (BKD)
CUSIP 112463104
0.1%$37m2,300,347
+$12m
+434,763 shares
Added
B2gold Corp (BTG)
CUSIP 11777Q209
0.1%$36m9,702,684
-$7.7m
0 shares
Held
Hinge Health Inc (HNGE)
Class A · CUSIP 433313103
0.1%$36m430,142
+$23m
+93,200 shares
Added
Materion Corp (MTRN)
CUSIP 576690101
0.1%$36m119,300
+$21m
+17,350 shares
Added
Veeco Instrs Inc Del (VECO)
CUSIP 922417100
0.1%$35m463,853
+$22m
+72,472 shares
Added
Benchmark Electrs Inc (BHE)
CUSIP 08160H101
0.1%$35m350,964
+$18m
+54,395 shares
Added
Advanced Energy Inds (AEIS)
CUSIP 007973100
0.1%$34m91,535
+$7.7m
+9,717 shares
Added
Enpro Inc (NPO)
CUSIP 29355X107
0.1%$34m90,130
+$17m
+20,275 shares
Added
Berkshire Hathaway Inc Del (BRK-B)
Class B New · CUSIP 084670702
0.1%$34m67,626
+$6.2m
+10,023 shares
Added
Relx PLC (RELX)
Sponsored ADR · CUSIP 759530108
0.1%$33m1,040,886
+$6.4m
+238,750 shares
Added
Ducommun Inc Del (DCO)
CUSIP 264147109
0.1%$33m176,376
+$14m
+22,600 shares
Added
Rogers Corp (ROG)
CUSIP 775133101
0.1%$31m188,268
+$17m
+56,450 shares
Added
Lincoln Edl SVCS Corp (LINC)
CUSIP 533535100
0.1%$31m615,530
+$2.8m
-69,700 shares
Trimmed

Every filing on file

QuarterPeriod endFiledBookPositionsTop 10Filing
Q2 202630 Jun 20265 Aug 2026$60.8bn42529%13F-HR
Q1 202631 Mar 202614 May 2026$59.0bn42528%13F-HR
Q4 202531 Dec 20254 Feb 2026$56.8bn42332%13F-HR
Q3 202530 Sept 202512 Nov 2025$54.9bn40434%13F-HR
Q2 202530 Jun 20256 Aug 2025$50.9bn39233%13F-HR
Q1 202531 Mar 202512 May 2025$47.9bn41132%13F-HR
Q4 202431 Dec 202410 Feb 2025$44.8bn42332%13F-HR
Q3 202430 Sept 202412 Nov 2024$48.6bn39333%13F-HR

Taking this into the room

Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.

A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.

Compare this against every other manager →How a hedge fund interview runs →

What this filing leaves out

A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.

The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.

You have read the book. Now have a view on one name

Pick a position, work out what it is worth, and be ready to defend it. That is the difference between a candidate who read the filing and one who did something with it.

Comps ExplorerValue any holding above against its peer setEvery other managerWho else owns it, and who was buying last quarterDeal tapeWhat a buyer paid for a whole company in the sectorHedge fund interviewsHow the room runs, and the stock pitch it wants

Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More

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