First Eagle Investment Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), First Eagle Investment Management, LLC reported 408 stock positions worth $47.4 billion. Its top holding was Meta Platforms Class A (META) at 4.3% of the portfolio, followed by Oracle (ORCL, 3.6%) and HCA Healthcare (HCA, 3.3%). Compared with Q4 2024, it opened 16 new positions, sold out of 28, added to 230 and reduced 154. The biggest buy was Becton Dickinson and (BDX, shares +25%) and the biggest sale Flowserve (FLS, shares −48%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001325447
- Portfolio Value
- $47.4B (Q1 2025)
- SEC Filing
- 0001325447-25-000026 ↗ filed May 12, 2025
Holdings Value
Holdings 408 stocks · $47.4B
| META Meta Platforms Inc. Class A | 4.31% | 3,544,871 | $2.0B | Add +0.1% |
| ORCL Oracle Corp. | 3.63% | 12,283,181 | $1.7B | Add +0.1% |
| HCA HCA Healthcare Inc. | 3.30% | 4,522,101 | $1.6B | Add +0.4% |
| IMO Imperial Oil Ltd. | 3.22% | 21,088,357 | $1.5B | Reduce -0.6% |
| WTW Willis Towers Watson PLC | 3.16% | 4,431,373 | $1.5B | Reduce -0.6% |
| WPM Wheaton Precious Metals Corp. | 3.05% | 18,581,472 | $1.4B | Reduce -2.4% |
| PM Philip Morris International | 3.01% | 8,984,382 | $1.4B | Reduce -5.4% |
| ELV Elevance Health Inc. | 2.98% | 3,241,361 | $1.4B | Add +0.5% |
| CMCSA Comcast Corp. Class A | 2.76% | 35,414,313 | $1.3B | Add +3.9% |
| BDX Becton Dickinson and Co. | 2.67% | 5,517,712 | $1.3B | Add +24.7% |
| FMX Fomento Economico Mex-SP ADR | 2.61% | 12,644,489 | $1.2B | Reduce -0.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.47% | 13,937,536 | $1.2B | Reduce -0.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 2.47% | 27,927,652 | $1.2B | Add +0.3% |
| GOOG Alphabet Inc. Class C | 2.37% | 7,176,775 | $1.1B | Add +7.5% |
| CHRW C.H. Robinson Worldwide Inc. | 2.32% | 10,732,177 | $1.1B | Reduce -0.1% |
| XOM Exxon Mobil Corp. | 2.19% | 8,706,337 | $1.0B | Add +0.3% |
| TSM Taiwan Semiconductor-SP ADR | 1.98% | 5,645,248 | $937.1M | Add +0.1% |
| GLD SPDR Gold Shares | 1.91% | 3,145,896 | $903.7M | Reduce -1.6% |
| B Barrick Gold Corp. | 1.87% | 45,617,874 | $886.8M | Reduce -2.0% |
| MDT Medtronic PLC | 1.86% | 9,815,649 | $882.0M | Add +0.2% |
| UHS Universal Health Services-B | 1.86% | 4,676,718 | $878.8M | Add +0.0% |
| NEM Newmont Corp. | 1.79% | 17,584,321 | $849.0M | Reduce -1.9% |
| CL Colgate-Palmolive Co. | 1.73% | 8,719,683 | $817.0M | Reduce 0.0% |
| ABEV Ambev SA-ADR | 1.68% | 341,577,145 | $795.9M | Add +0.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.54% | 912 | $728.2M | Reduce -0.4% |
| AEM Agnico Eagle Mines Ltd. | 1.50% | 6,535,053 | $708.1M | Reduce -2.1% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 1.41% | 9,302,639 | $665.9M | Add +0.6% |
| TXN Texas Instruments Inc. | 1.38% | 3,630,335 | $652.4M | Add +0.0% |
| EXPD Expeditors Intl Wash Inc. | 1.36% | 5,361,717 | $644.7M | Add +31.7% |
| CRM Salesforce Inc. | 1.34% | 2,369,940 | $636.0M | Add +0.6% |
| NOV Nov Inc. | 1.23% | 38,239,372 | $582.0M | Add +0.3% |
| NTR Nutrien Ltd. | 1.22% | 11,640,901 | $578.2M | Add +22.2% |
| ADI Analog Devices Inc. | 1.22% | 2,854,306 | $575.6M | Reduce -0.1% |
| AXP American Express Co. | 1.20% | 2,105,274 | $566.4M | Reduce -10.5% |
| RGLD Royal Gold Inc. | 1.18% | 3,412,401 | $558.0M | Reduce -1.9% |
| DG Dollar General Corp. | 1.13% | 6,069,991 | $533.7M | Add +15.2% |
| GOOGL Alphabet Inc. Class A | 1.09% | 3,340,713 | $516.6M | Reduce -0.1% |
| FNV Franco-Nevada Corp. | 1.07% | 3,219,191 | $506.4M | Reduce -4.4% |
| PPG PPG Industries Inc. | 1.06% | 4,588,481 | $501.8M | Add +43.5% |
| CMI Cummins Inc. | 1.02% | 1,545,364 | $484.4M | Add +0.3% |
| WY Weyerhaeuser Co. | 0.89% | 14,403,091 | $421.7M | Add +0.3% |
| FNF Fidelity National Financial | 0.84% | 6,092,850 | $396.5M | Add +0.0% |
| BIO Bio-Rad Laboratories-A | 0.81% | 1,566,190 | $381.5M | Add +119.5% |
| USB US Bancorp | 0.79% | 8,891,198 | $375.4M | Add +0.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.72% | 3,476,401 | $343.1M | Add +0.6% |
| NE Noble Corp. PLC | 0.61% | 12,188,599 | $288.9M | Add +1.6% |
| IPGP Ipg Photonics Corp. | 0.60% | 4,508,232 | $284.6M | Add +0.3% |
| CHTR Charter Communications Inc. Class A | 0.60% | 768,911 | $283.4M | Add +120.6% |
| OKE Oneok Inc. | 0.57% | 2,710,917 | $269.0M | Reduce -2.3% |
| DE Deere & Co. | 0.53% | 530,173 | $248.8M | Reduce -0.2% |
| MSFT Microsoft Corp. | 0.52% | 659,693 | $247.6M | Add +0.3% |
| BXP BXP Inc. | 0.52% | 3,636,733 | $244.4M | Add +0.3% |
| CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS | 0.51% | 15,892,350 | $241.6M | Reduce -0.5% |
| EXR Extra Space Storage Inc. | 0.51% | 1,616,049 | $240.0M | Reduce -0.8% |
| BRO Brown & Brown Inc. | 0.50% | 1,921,699 | $239.1M | Add +0.4% |
| XRAY Dentsply Sirona Inc. | 0.46% | 14,438,975 | $215.7M | Reduce -0.4% |
| DEI Douglas Emmett Inc. | 0.45% | 13,261,676 | $212.2M | Reduce -0.1% |
| FLS Flowserve Corp. | 0.41% | 3,986,791 | $194.7M | Reduce -48.5% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.40% | 2,449,689 | $190.1M | Add +37191.7% |
| ROST Ross Stores Inc. | 0.40% | 1,477,656 | $188.8M | Reduce -1.1% |
| CSL Carlisle Cos Inc. | 0.39% | 548,101 | $186.6M | New |
| AGI Alamos Gold Inc. Class A | 0.36% | 6,398,366 | $171.0M | Reduce -5.7% |
| KGC Kinross Gold Corp. | 0.31% | 11,787,211 | $148.6M | Reduce -6.5% |
| KHC The Kraft Heinz Co. | 0.31% | 4,874,718 | $148.3M | Reduce -5.0% |
| GFI Gold Fields Ltd.-Spons ADR | 0.29% | 6,148,502 | $135.8M | Reduce -0.7% |
| MAG Mag Silver Corp. | 0.25% | 7,791,250 | $118.5M | Reduce -0.6% |
| AU Anglogold Ashanti PLC | 0.20% | 2,501,368 | $92.9M | Reduce -0.6% |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.16% | 8,040,945 | $75.1M | Reduce -0.5% |
| EPD Enterprise Products Partners | 0.12% | 1,651,887 | $56.4M | Reduce -0.3% |
| NG Novagold Resources Inc. | 0.11% | 18,231,042 | $53.2M | Reduce -30.0% |
| BTI British American Tob-SP ADR | 0.09% | 1,010,815 | $41.8M | Add +4.4% |
| UL Unilever PLC | 0.08% | 636,970 | $37.9M | Add +10.8% |
| BTG B2GOLD Corp. | 0.08% | 12,842,101 | $36.5M | Add +54.1% |
| SHEL Shell PLC-ADR | 0.08% | 495,132 | $36.3M | Add +1.5% |
| RPM RPM International Inc. | 0.07% | 298,849 | $34.6M | No change |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.07% | 356,823 | $32.6M | Add +10.5% |
| HLN Haleon PLC-ADR | 0.05% | 2,488,938 | $25.6M | Add +18.3% |
| LYG Lloyds Banking Group PLC-ADR | 0.05% | 6,203,638 | $23.7M | Add +10.8% |
| CAE Cae Inc. | 0.05% | 942,214 | $23.2M | Reduce -1.4% |
| SNY Sanofi-ADR | 0.04% | 382,220 | $21.2M | Add +16.2% |
| UNH Unitedhealth Group Inc. | 0.04% | 39,619 | $20.8M | Reduce -1.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.04% | 217,263 | $19.9M | Reduce -32.7% |
| LNC Lincoln National Corp. | 0.04% | 517,650 | $18.6M | Reduce -2.5% |
| AXS Axis Capital Holdings Ltd. | 0.04% | 184,749 | $18.5M | Reduce -2.2% |
| HD Home Depot Inc. | 0.04% | 50,496 | $18.5M | Reduce -3.0% |
| TEL Te Connectivity PLC | 0.04% | 125,984 | $17.8M | Reduce -1.1% |
| IPI Intrepid Potash Inc. | 0.04% | 584,321 | $17.2M | Reduce -11.2% |
| MTDR Matador Resources Co. | 0.03% | 322,835 | $16.5M | Reduce -0.8% |
| WSR Whitestone REIT | 0.03% | 1,098,540 | $16.0M | Reduce -7.9% |
| TTMI TTM Technologies | 0.03% | 758,311 | $15.6M | Reduce -1.6% |
| LPX Louisiana-Pacific Corp. | 0.03% | 163,031 | $15.0M | Add +4.9% |
| CDE Coeur Mining Inc. | 0.03% | 2,463,978 | $14.6M | Reduce -1.6% |
| KMPR Kemper Corp. | 0.03% | 216,631 | $14.5M | Reduce -5.4% |
| DCO Ducommun Inc. | 0.03% | 248,587 | $14.4M | Reduce -1.8% |
| SPB Spectrum Brands Holdings Inc. | 0.03% | 200,172 | $14.3M | Add +7.5% |
| SBCF Seacoast Banking Corp. | 0.03% | 551,851 | $14.2M | Reduce -15.6% |
| BZH Beazer Homes USA Inc. | 0.03% | 695,175 | $14.2M | Add +13.6% |
| LINC Lincoln Educational Services | 0.03% | 890,730 | $14.1M | Add +6.9% |
| TMHC Taylor Morrison Home Corp. | 0.03% | 228,001 | $13.7M | Add +2.6% |
| IIIN Insteel Industries Inc. | 0.03% | 517,054 | $13.6M | Add +10.1% |
Options reported separately and not counted above: HYG puts ($518.2M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $55.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 24,541 | $30.3M | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 20,691 | $24.8M | No change |
Total filed on the 13F, all lines: $47.4B.
Portfolio Sells Q4 2024 → Q1 2025
| FLS Flowserve Corp. | Reduce -48.5% | 0.41% | −0.59 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.53 |
| AXP American Express Co. | Reduce -10.5% | 1.20% | −0.37 |
| GOOGL Alphabet Inc. Class A | Reduce -0.1% | 1.09% | −0.33 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -0.1% | 2.32% | −0.17 |
| XRAY Dentsply Sirona Inc. | Reduce -0.4% | 0.46% | −0.16 |
| ADI Analog Devices Inc. | Reduce -0.1% | 1.22% | −0.15 |
| ROST Ross Stores Inc. | Reduce -1.1% | 0.40% | −0.11 |
| DEI Douglas Emmett Inc. | Reduce -0.1% | 0.45% | −0.10 |
| NG Novagold Resources Inc. | Reduce -30.0% | 0.11% | −0.08 |
| OKE Oneok Inc. | Reduce -2.3% | 0.57% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.06 |
| CL Colgate-Palmolive Co. | Reduce 0.0% | 1.73% | −0.05 |
| KHC The Kraft Heinz Co. | Reduce -5.0% | 0.31% | −0.04 |
| EXR Extra Space Storage Inc. | Reduce -0.8% | 0.51% | −0.04 |
| HEES H&E Equipment Services Inc. | Sold out | 0.00% | −0.03 |
| ASH Ashland Inc. | Sold out | 0.00% | −0.03 |
| SUM Summit Materials Inc. Class A | Sold out | 0.00% | −0.02 |
| EVR Evercore Inc. Class A | Reduce -88.5% | 0.00% | −0.02 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -32.7% | 0.04% | −0.02 |
| SEE Sealed Air Corp. | Sold out | 0.00% | −0.02 |
| CW Curtiss-Wright Corp. | Reduce -93.2% | 0.00% | −0.02 |
| ARCH Arch Resources Inc. | Sold out | 0.00% | −0.02 |
| BARNES GROUP INC | Sold out | 0.00% | −0.02 |
| CHEF The Chefs' Warehouse Inc. | Reduce -47.4% | 0.02% | −0.02 |
| ASIX Advansix Inc. | Reduce -51.5% | 0.01% | −0.02 |
| CAKE The Cheesecake Factory Inc. | Reduce -42.5% | 0.02% | −0.02 |
| MKSI MKS Inc. | Reduce -35.5% | 0.01% | −0.02 |
| GO Grocery Outlet Holding Corp. | Sold out | 0.00% | −0.02 |
| IMXI International Money Express | Reduce -22.4% | 0.01% | −0.02 |
| SANM Sanmina Corp. | Reduce -44.8% | 0.02% | −0.02 |
| MTG Mgic Investment Corp. | Reduce -39.3% | 0.02% | −0.02 |
| ABCB Ameris Bancorp | Reduce -32.9% | 0.02% | −0.02 |
| RDN Radian Group Inc. | Reduce -43.0% | 0.02% | −0.02 |
| AHRT Ah Realty Trust Inc. | Sold out | 0.00% | −0.02 |
| AORT Artivion Inc. | Reduce -26.8% | 0.02% | −0.02 |
| CDNA Caredx Inc. | Reduce -41.7% | 0.01% | −0.01 |
| WERN Werner Enterprises Inc. | Reduce -29.2% | 0.02% | −0.01 |
| CMCO Columbus McKinnon Corp. | Sold out | 0.00% | −0.01 |
| AMKR Amkor Technology Inc. | Reduce -20.1% | 0.02% | −0.01 |
| NMIH Nmi Holdings Inc. | Reduce -34.1% | 0.02% | −0.01 |
| SGRY Surgery Partners Inc. | Sold out | 0.00% | −0.01 |
| DCOM Dime Commercial Bancshares I | Reduce -30.4% | 0.02% | −0.01 |
| AIR Aar Corp. | Reduce -34.7% | 0.02% | −0.01 |
| ATSG Air Transport Services Group | Reduce -54.8% | 0.01% | −0.01 |
| ORI Old Republic Intl Corp. | Reduce -30.9% | 0.03% | −0.01 |
| PWP Perella Weinberg Partners | Reduce -19.6% | 0.01% | −0.01 |
| HSTM Healthstream Inc. | Reduce -23.6% | 0.03% | −0.01 |
| SBCF Seacoast Banking Corp. | Reduce -15.6% | 0.03% | −0.01 |
| AOSL Alpha & Omega Semiconductor | Reduce -2.8% | 0.02% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| BDX Becton Dickinson and Co. | Add +24.7% | 2.67% | +0.42 |
| IFF Intl Flavors & Fragrances | Add +37191.7% | 0.40% | +0.40 |
| CSL Carlisle Cos Inc. | New | 0.39% | +0.39 |
| EXPD Expeditors Intl Wash Inc. | Add +31.7% | 1.36% | +0.35 |
| CHTR Charter Communications Inc. Class A | Add +120.6% | 0.60% | +0.33 |
| ELV Elevance Health Inc. | Add +0.5% | 2.98% | +0.31 |
| BIO Bio-Rad Laboratories-A | Add +119.5% | 0.81% | +0.28 |
| ABEV Ambev SA-ADR | Add +0.6% | 1.68% | +0.27 |
| HCA HCA Healthcare Inc. | Add +0.4% | 3.30% | +0.27 |
| NTR Nutrien Ltd. | Add +22.2% | 1.22% | +0.26 |
| DG Dollar General Corp. | Add +15.2% | 1.13% | +0.23 |
| PPG PPG Industries Inc. | Add +43.5% | 1.06% | +0.20 |
| MDT Medtronic PLC | Add +0.2% | 1.86% | +0.11 |
| XOM Exxon Mobil Corp. | Add +0.3% | 2.19% | +0.09 |
| SLB SLB Ltd. | Add +0.3% | 2.47% | +0.07 |
| FNF Fidelity National Financial | Add +0.0% | 0.84% | +0.07 |
| BRO Brown & Brown Inc. | Add +0.4% | 0.50% | +0.07 |
| BTG B2GOLD Corp. | Add +54.1% | 0.08% | +0.03 |
| DY Dycom Industries Inc. | New | 0.02% | +0.02 |
| MUR Murphy Oil Corp. | New | 0.02% | +0.02 |
| LYG Lloyds Banking Group PLC-ADR | Add +10.8% | 0.05% | +0.02 |
| WBS Webster Financial Corp. | Add +1934.1% | 0.01% | +0.01 |
| KOF Coca-Cola Femsa Sab-SP ADR | Add +10.5% | 0.07% | +0.01 |
| BCC Boise Cascade Co. | New | 0.01% | +0.01 |
| BTI British American Tob-SP ADR | Add +4.4% | 0.09% | +0.01 |
| SNY Sanofi-ADR | Add +16.2% | 0.04% | +0.01 |
| HLN Haleon PLC-ADR | Add +18.3% | 0.05% | +0.01 |
| TMCI Treace Medical Concepts Inc. | New | 0.01% | +0.01 |
| CXM Sprinklr Inc. Class A | Add +915.7% | 0.01% | +0.01 |
| MTRX Matrix Service Co. | New | 0.01% | +0.01 |
| CNR Core Natural Resources Inc. | New | 0.01% | +0.01 |
| LAKE Lakeland Industries Inc. | Add +879.6% | 0.01% | +0.01 |
| SHEL Shell PLC-ADR | Add +1.5% | 0.08% | +0.01 |
| BKD Brookdale Senior Living Inc. | Add +21.1% | 0.03% | +0.01 |
| MOS The Mosaic Co. | New | 0.01% | +0.01 |
| BKLN Invesco Senior Loan ETF | Add +75.2% | 0.02% | +0.01 |
| THRY Thryv Holdings Inc. | New | 0.01% | +0.01 |
| SRLN SS Blackstone Sr Loan ETF | Add +70.9% | 0.02% | +0.01 |
| TITN Titan Machinery Inc. | Add +19.5% | 0.03% | +0.01 |
| UL Unilever PLC | Add +10.8% | 0.08% | +0.01 |
| PTLO Portillo's Inc. Class A | Add +80.3% | 0.01% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +39.9% | 0.02% | +0.01 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +29.8% | 0.02% | +0.01 |
| TWI Titan International Inc. | Add +183.3% | 0.01% | +0.01 |
| UMH Umh Properties Inc. | Add +49.1% | 0.02% | +0.01 |
| OTIS Otis Worldwide Corp. | Add +46.4% | 0.02% | +0.01 |
| PRGO Perrigo Co. PLC | Add +165.5% | 0.01% | +0.01 |
| HLIT Harmonic Inc. | New | 0.01% | +0.01 |
| ALTISOURCE PORTFOLIO SOLNS S | New | 0.01% | +0.01 |
| AVNW Aviat Networks Inc. | Add +62.4% | 0.01% | +0.01 |
Options Activity Q4 2024 → Q1 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 6,500,000 | $518.2M |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 300,000 | $153.4Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 420 | $60.7B | GOOG, BDX, META, TSM, FMX |
| Q1 2026Amended | 416 | $58.9B | GOOG, BDX, WPM, IMO, META |
| Q4 2025 | 418 | $56.8B | GOOG, BDX, META, WPM, TSM |
| Q3 2025 | 400 | $54.9B | ORCL, META, WPM, TSM, BDX |
| Q2 2025 | 389 | $49.9B | META, ORCL, IMO, WPM, HCA |
| Q1 2025 | 408 | $47.4B | META, ORCL, HCA, IMO, WTW |
| Q4 2024 | 420 | $44.6B | META, ORCL, WTW, HCA, IMO |
| Q3 2024 | 391 | $48.5B | ORCL, META, HCA, XOM, IMO |
| Q2 2024 | 395 | $44.1B | ORCL, META, XOM, IMO, HCA |
| Q1 2024 | 401 | $44.0B | ORCL, META, IMO, XOM, HCA |