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← First Eagle Investment Management LLC, its record

First Eagle Investment Management LLC and Capital World Investors: where the books meet

At Q2 2026, at least 14% of the two 13F books was the same, across 81 stocks both listed, against 17% at Q2 2013. Overlap is the smaller of each shared stock’s two weights, added up: the part of one book that could be swapped for the other’s without a trade.

Overlap by quarter
0%10%20%Q2 2013: 17%, 103 in bothQ3 2013: 17%, 110 in bothQ4 2013: 16%, 112 in bothQ1 2014: 16%, 111 in both14Q2 2014: 17%, 92 in bothQ3 2014: 17%, 96 in bothQ4 2014: 19%, 96 in bothQ1 2015: 16%, 100 in both15Q2 2015: 17%, 98 in bothQ3 2015: 19%, 103 in bothQ4 2015: 20%, 101 in bothQ1 2016: 17%, 101 in both16Q2 2016: 14%, 100 in bothQ3 2016: 16%, 97 in bothQ4 2016: 16%, 98 in bothQ1 2017: 16%, 92 in both17Q2 2017: 16%, 93 in bothQ3 2017: 17%, 102 in bothQ4 2017: 15%, 96 in bothQ1 2018: 12%, 35 in both18Q2 2018: 13%, 38 in bothQ3 2018: 13%, 42 in bothQ4 2018: 12%, 38 in bothQ1 2019: 12%, 39 in both19Q2 2019: 11%, 37 in bothQ3 2019: 12%, 31 in bothQ4 2019: 12%, 33 in bothQ1 2020: 14%, 36 in both20Q2 2020: 13%, 31 in bothQ3 2020: 12%, 34 in bothQ4 2020: 12%, 32 in bothQ1 2021: 12%, 38 in both21Q2 2021: 13%, 53 in bothQ3 2021: 13%, 53 in bothQ4 2021: 13%, 61 in bothQ1 2022: 12%, 68 in both22Q2 2022: 12%, 66 in bothQ3 2022: 11%, 66 in bothQ4 2022: 10%, 66 in bothQ1 2023: 12%, 68 in both23Q2 2023: 12%, 66 in bothQ3 2023: 13%, 71 in bothQ4 2023: 13%, 72 in bothQ1 2024: 14%, 75 in both24Q2 2024: 16%, 72 in bothQ3 2024: 15%, 67 in bothQ4 2024: 14%, 67 in bothQ1 2025: 15%, 67 in both25Q2 2025: 15%, 65 in bothQ3 2025: 15%, 63 in bothQ4 2025: 14%, 77 in bothQ1 2026: 15%, 87 in both26Q2 2026: 14%, 81 in both
  • Q2 2013: 17%, 103 in both
  • Q3 2013: 17%, 110 in both
  • Q4 2013: 16%, 112 in both
  • Q1 2014: 16%, 111 in both
  • Q2 2014: 17%, 92 in both
  • Q3 2014: 17%, 96 in both
  • Q4 2014: 19%, 96 in both
  • Q1 2015: 16%, 100 in both
  • Q2 2015: 17%, 98 in both
  • Q3 2015: 19%, 103 in both
  • Q4 2015: 20%, 101 in both
  • Q1 2016: 17%, 101 in both
  • Q2 2016: 14%, 100 in both
  • Q3 2016: 16%, 97 in both
  • Q4 2016: 16%, 98 in both
  • Q1 2017: 16%, 92 in both
  • Q2 2017: 16%, 93 in both
  • Q3 2017: 17%, 102 in both
  • Q4 2017: 15%, 96 in both
  • Q1 2018: 12%, 35 in both
  • Q2 2018: 13%, 38 in both
  • Q3 2018: 13%, 42 in both
  • Q4 2018: 12%, 38 in both
  • Q1 2019: 12%, 39 in both
  • Q2 2019: 11%, 37 in both
  • Q3 2019: 12%, 31 in both
  • Q4 2019: 12%, 33 in both
  • Q1 2020: 14%, 36 in both
  • Q2 2020: 13%, 31 in both
  • Q3 2020: 12%, 34 in both
  • Q4 2020: 12%, 32 in both
  • Q1 2021: 12%, 38 in both
  • Q2 2021: 13%, 53 in both
  • Q3 2021: 13%, 53 in both
  • Q4 2021: 13%, 61 in both
  • Q1 2022: 12%, 68 in both
  • Q2 2022: 12%, 66 in both
  • Q3 2022: 11%, 66 in both
  • Q4 2022: 10%, 66 in both
  • Q1 2023: 12%, 68 in both
  • Q2 2023: 12%, 66 in both
  • Q3 2023: 13%, 71 in both
  • Q4 2023: 13%, 72 in both
  • Q1 2024: 14%, 75 in both
  • Q2 2024: 16%, 72 in both
  • Q3 2024: 15%, 67 in both
  • Q4 2024: 14%, 67 in both
  • Q1 2025: 15%, 67 in both
  • Q2 2025: 15%, 65 in both
  • Q3 2025: 15%, 63 in both
  • Q4 2025: 14%, 77 in both
  • Q1 2026: 15%, 87 in both
  • Q2 2026: 14%, 81 in both

Only quarters both managers filed. Where either filing has more positions than are read each quarter, a stock both hold below that range is not counted, so the figure is a floor.

What the overlap is made of, Q2 2026

Stocks both listed, by the smaller of the two weights. A weight is the stock’s share of that manager’s reported book, which says how large the position is, not how strongly it is held.

StockFirst Eagle Investment Management LLCCapital World Investors
Facebook Inc(META)3.0%Added2.7%Trimmed
Taiwan Semiconductor MFG LTD(TSM)2.9%Trimmed1.9%Added
Alphabet Inc(GOOG)4.3%Trimmed1.8%Trimmed
Philip Morris Intl Inc(PM)1.8%Added2.8%Trimmed
Microsoft Corp(MSFT)1.2%Added2.4%Trimmed
Deere & Co(DE)0.6%Added0.9%Trimmed
Wheaton Precious Metals Corp(WPM)2.6%Added0.5%Trimmed
Booking HLDGS Inc(BKNG)1.4%New0.4%Added
Agnico Eagle Mines LTD(AEM)1.3%Trimmed0.4%Trimmed
Alphabet Inc(GOOGL)0.3%Trimmed3.1%Added
Comcast Corp New(CMCSA)1.5%Added0.3%Trimmed
Schlumberger LTD(SLB)2.2%Added0.3%Trimmed
Exxon Mobil Corp(XOM)1.4%Trimmed0.2%Added
Royal Gold Inc(RGLD)0.3%Trimmed0.2%Trimmed
Disney Walt Co(DIS)0.9%Added0.2%Added
Salesforce Com Inc(CRM)1.9%Added0.2%Trimmed
Barrick MNG Corp(B)1.2%Trimmed0.1%Trimmed
Brown & Brown Inc(BRO)1.2%Added0.1%Trimmed
Franco Nevada Corp(FNV)1.8%Trimmed0.1%Trimmed
Fiserv Inc(FISV)0.9%Addedunder 0.1%Added

and 61 smaller ones

Moved different ways in Q2 2026

Stocks one manager started or added to while the other trimmed or sold out, between the same two quarter ends. A 13F shows the quarter ends, never when in between anything was bought or sold, or why.

  • Alphabet Inc(GOOGL)First Eagle Investment Management LLC trimmed; Capital World Investors added
  • Philip Morris Intl Inc(PM)First Eagle Investment Management LLC added; Capital World Investors trimmed
  • Facebook Inc(META)First Eagle Investment Management LLC added; Capital World Investors trimmed
  • Microsoft Corp(MSFT)First Eagle Investment Management LLC added; Capital World Investors trimmed
  • Taiwan Semiconductor MFG LTD(TSM)First Eagle Investment Management LLC trimmed; Capital World Investors added
  • Starbucks Corp(SBUX)First Eagle Investment Management LLC added; Capital World Investors trimmed
  • Deere & Co(DE)First Eagle Investment Management LLC added; Capital World Investors trimmed
  • Home Depot Inc(HD)First Eagle Investment Management LLC added; Capital World Investors trimmed
  • Wheaton Precious Metals Corp(WPM)First Eagle Investment Management LLC added; Capital World Investors trimmed
  • G3730v105(FTAI)First Eagle Investment Management LLC added; Capital World Investors trimmed
  • Baker Hughes (a Ge Co CL A)(BKR)First Eagle Investment Management LLC started; Capital World Investors trimmed
  • Comcast Corp New(CMCSA)First Eagle Investment Management LLC added; Capital World Investors trimmed
First Eagle Investment Management LLC: the recordCapital World Investors: the record

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