First Eagle Investment Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), First Eagle Investment Management, LLC reported 389 stock positions worth $49.9 billion. Its top holding was Meta Platforms Class A (META) at 4.9% of the portfolio, followed by Oracle (ORCL, 4.9%) and Imperial Oil (IMO, 3.3%). Compared with Q1 2025, it opened 19 new positions, sold out of 38, added to 153 and reduced 203. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +19%) and the biggest sale SLB (SLB, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001325447
- Portfolio Value
- $49.9B (Q2 2025)
- SEC Filing
- 0001325447-25-000033 ↗ filed Aug 6, 2025
Holdings Value
Holdings 389 stocks · $49.9B
| META Meta Platforms Inc. Class A | 4.93% | 3,332,941 | $2.5B | Reduce -6.0% |
| ORCL Oracle Corp. | 4.88% | 11,148,566 | $2.4B | Reduce -9.2% |
| IMO Imperial Oil Ltd. | 3.27% | 20,491,197 | $1.6B | Reduce -2.8% |
| WPM Wheaton Precious Metals Corp. | 3.26% | 18,096,257 | $1.6B | Reduce -2.6% |
| HCA HCA Healthcare Inc. | 3.23% | 4,209,857 | $1.6B | Reduce -6.9% |
| TSM Taiwan Semiconductor-SP ADR | 3.04% | 6,693,025 | $1.5B | Add +18.6% |
| BDX Becton Dickinson and Co. | 3.03% | 8,786,190 | $1.5B | Add +59.2% |
| GOOG Alphabet Inc. Class C | 2.67% | 7,511,577 | $1.3B | Add +4.7% |
| WTW Willis Towers Watson PLC | 2.64% | 4,293,549 | $1.3B | Reduce -3.1% |
| PM Philip Morris International | 2.60% | 7,132,119 | $1.3B | Reduce -20.6% |
| FMX Fomento Economico Mex-SP ADR | 2.58% | 12,512,881 | $1.3B | Reduce -1.0% |
| CMCSA Comcast Corp. Class A | 2.57% | 35,905,236 | $1.3B | Add +1.4% |
| ELV Elevance Health Inc. | 2.49% | 3,200,146 | $1.2B | Reduce -1.3% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.29% | 12,552,364 | $1.1B | Reduce -9.9% |
| CHRW C.H. Robinson Worldwide Inc. | 2.04% | 10,585,623 | $1.0B | Reduce -1.4% |
| NEM Newmont Corp. | 2.00% | 17,121,534 | $997.5M | Reduce -2.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.86% | 27,530,992 | $930.5M | Reduce -1.4% |
| CRM Salesforce Inc. | 1.76% | 3,215,329 | $876.8M | Add +35.7% |
| MDT Medtronic PLC | 1.70% | 9,732,218 | $848.4M | Reduce -0.8% |
| XOM Exxon Mobil Corp. | 1.68% | 7,793,152 | $840.1M | Reduce -10.5% |
| UHS Universal Health Services-B | 1.68% | 4,620,378 | $837.0M | Reduce -1.2% |
| B Barrick Mining Corp. | 1.65% | 39,483,961 | $822.1M | Reduce -13.4% |
| ABEV Ambev SA-ADR | 1.64% | 338,661,869 | $816.2M | Reduce -0.8% |
| TXN Texas Instruments Inc. | 1.61% | 3,871,517 | $803.8M | Add +6.6% |
| NTR Nutrien Ltd. | 1.55% | 13,268,229 | $772.7M | Add +14.0% |
| GLD SPDR Gold Shares | 1.50% | 2,464,780 | $746.5M | Reduce -21.6% |
| EXPD Expeditors Intl Wash Inc. | 1.44% | 6,279,825 | $717.5M | Add +17.1% |
| CL Colgate-Palmolive Co. | 1.43% | 7,871,222 | $715.5M | Reduce -9.7% |
| DG Dollar General Corp. | 1.37% | 5,975,918 | $683.5M | Reduce -1.6% |
| PPG PPG Industries Inc. | 1.27% | 5,560,280 | $632.5M | Add +21.2% |
| AEM Agnico Eagle Mines Ltd. | 1.26% | 5,271,369 | $628.4M | Reduce -19.3% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 1.24% | 9,194,561 | $620.5M | Reduce -1.2% |
| AXP American Express Co. | 1.23% | 1,931,940 | $616.3M | Reduce -8.2% |
| BIO Bio-Rad Laboratories-A | 1.22% | 2,517,313 | $607.5M | Add +60.7% |
| RGLD Royal Gold Inc. | 1.19% | 3,343,634 | $594.6M | Reduce -2.0% |
| GOOGL Alphabet Inc. Class A | 1.16% | 3,280,631 | $578.1M | Reduce -1.8% |
| ADI Analog Devices Inc. | 1.07% | 2,244,833 | $534.3M | Reduce -21.4% |
| FNV Franco-Nevada Corp. | 1.05% | 3,202,237 | $526.1M | Reduce -0.5% |
| OKE Oneok Inc. | 1.02% | 6,256,173 | $510.7M | Add +130.8% |
| CMI Cummins Inc. | 1.00% | 1,523,048 | $498.8M | Reduce -1.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.95% | 649 | $473.0M | Reduce -28.8% |
| NOV Nov Inc. | 0.94% | 37,572,394 | $467.0M | Reduce -1.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.85% | 3,423,309 | $424.5M | Reduce -1.5% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.80% | 5,441,094 | $400.2M | Add +122.1% |
| USB US Bancorp | 0.79% | 8,764,371 | $396.6M | Reduce -1.4% |
| WY Weyerhaeuser Co. | 0.73% | 14,144,971 | $363.4M | Reduce -1.8% |
| FNF Fidelity National Financial | 0.68% | 6,042,327 | $338.7M | Reduce -0.8% |
| NE Noble Corp. PLC | 0.65% | 12,166,096 | $323.0M | Reduce -0.2% |
| CHTR Charter Communications Inc. Class A | 0.62% | 754,426 | $308.4M | Reduce -1.9% |
| IPGP Ipg Photonics Corp. | 0.61% | 4,467,111 | $306.7M | Reduce -0.9% |
| MSFT Microsoft Corp. | 0.54% | 544,978 | $271.1M | Reduce -17.4% |
| DE Deere & Co. | 0.52% | 512,633 | $260.7M | Reduce -3.3% |
| BXP BXP Inc. | 0.48% | 3,539,982 | $238.8M | Reduce -2.7% |
| EXR Extra Space Storage Inc. | 0.47% | 1,583,614 | $233.5M | Reduce -2.0% |
| XRAY Dentsply Sirona Inc. | 0.45% | 14,193,858 | $225.4M | Reduce -1.7% |
| CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS | 0.41% | 15,891,620 | $205.3M | Reduce 0.0% |
| FLS Flowserve Corp. | 0.41% | 3,909,570 | $204.7M | Reduce -1.9% |
| CSL Carlisle Cos Inc. | 0.40% | 537,448 | $200.7M | Reduce -1.9% |
| DEI Douglas Emmett Inc. | 0.39% | 13,030,644 | $196.0M | Reduce -1.7% |
| KGC Kinross Gold Corp. | 0.37% | 11,825,153 | $184.8M | Add +0.3% |
| ROST Ross Stores Inc. | 0.37% | 1,436,374 | $183.3M | Reduce -2.8% |
| AGI Alamos Gold Inc. Class A | 0.33% | 6,241,116 | $166.1M | Reduce -2.5% |
| MAG Mag Silver Corp. | 0.33% | 7,799,692 | $165.8M | Add +0.1% |
| FERG Ferguson Enterprises Inc. | 0.26% | 600,000 | $130.7M | New |
| KHC The Kraft Heinz Co. | 0.21% | 3,974,279 | $102.6M | Reduce -18.5% |
| AU Anglogold Ashanti PLC | 0.19% | 2,054,211 | $93.6M | Reduce -17.9% |
| GFI Gold Fields Ltd.-Spons ADR | 0.17% | 3,582,235 | $84.8M | Reduce -41.7% |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.14% | 6,852,706 | $68.9M | Reduce -14.8% |
| EPD Enterprise Products Partners | 0.12% | 1,852,080 | $57.4M | Add +12.1% |
| BTI British American Tob-SP ADR | 0.11% | 1,124,502 | $53.2M | Add +11.3% |
| NG Novagold Resources Inc. | 0.10% | 11,805,442 | $48.3M | Reduce -35.3% |
| BTG B2GOLD Corp. | 0.09% | 12,856,490 | $46.5M | Add +0.1% |
| SHEL Shell PLC-ADR | 0.09% | 608,425 | $42.8M | Add +22.9% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.08% | 437,200 | $40.1M | Add +101.2% |
| UL Unilever PLC | 0.08% | 635,155 | $38.9M | Reduce -0.3% |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.07% | 371,596 | $35.9M | Add +4.1% |
| RPM RPM International Inc. | 0.06% | 288,063 | $31.6M | Reduce -3.6% |
| LYG Lloyds Banking Group PLC-ADR | 0.06% | 6,816,161 | $29.0M | Add +9.9% |
| HLN Haleon PLC-ADR | 0.06% | 2,783,907 | $28.9M | Add +11.8% |
| CAE Cae Inc. | 0.06% | 940,907 | $27.6M | Reduce -0.1% |
| TTMI TTM Technologies | 0.04% | 546,069 | $22.3M | Reduce -28.0% |
| TEL Te Connectivity PLC | 0.04% | 124,586 | $21.0M | Reduce -1.1% |
| FN Fabrinet | 0.04% | 64,254 | $18.9M | Reduce -4.0% |
| HD Home Depot Inc. | 0.04% | 49,937 | $18.3M | Reduce -1.1% |
| LINC Lincoln Educational Services | 0.04% | 789,230 | $18.2M | Reduce -11.4% |
| DCO Ducommun Inc. | 0.04% | 217,888 | $18.0M | Reduce -12.3% |
| CDE Coeur Mining Inc. | 0.04% | 1,994,230 | $17.7M | Reduce -19.1% |
| SNY Sanofi-ADR | 0.03% | 355,667 | $17.2M | Reduce -7.0% |
| GHM Graham Corp. | 0.03% | 346,673 | $17.2M | Reduce -5.8% |
| CECO Ceco Environmental Corp. | 0.03% | 601,478 | $17.0M | Add +2.2% |
| AEIS Advanced Energy Industries | 0.03% | 119,883 | $15.9M | Add +0.8% |
| LNC Lincoln National Corp. | 0.03% | 458,650 | $15.9M | Reduce -11.4% |
| IIIN Insteel Industries Inc. | 0.03% | 417,954 | $15.6M | Reduce -19.2% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.03% | 2,266,228 | $15.4M | Add +10.4% |
| DY Dycom Industries Inc. | 0.03% | 62,455 | $15.3M | Reduce -0.9% |
| BZH Beazer Homes USA Inc. | 0.03% | 675,175 | $15.1M | Reduce -2.9% |
| MGNI Magnite Inc. | 0.03% | 618,119 | $14.9M | Add +24.7% |
| TITN Titan Machinery Inc. | 0.03% | 747,563 | $14.8M | Reduce -1.4% |
| AXS Axis Capital Holdings Ltd. | 0.03% | 137,362 | $14.3M | Reduce -25.6% |
| IPI Intrepid Potash Inc. | 0.03% | 398,174 | $14.2M | Reduce -31.9% |
Options reported separately and not counted above: HYG puts ($967.8M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $54.1M (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 | $29.8M | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 20,691 | $24.3M | No change |
Total filed on the 13F, all lines: $50.0B.
Portfolio Sells Q1 2025 → Q2 2025
| SLB SLB Ltd. | Reduce -1.4% | 1.86% | −0.60 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -28.8% | 0.95% | −0.59 |
| WTW Willis Towers Watson PLC | Reduce -3.1% | 2.64% | −0.53 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −0.50 |
| XOM Exxon Mobil Corp. | Reduce -10.5% | 1.68% | −0.50 |
| ELV Elevance Health Inc. | Reduce -1.3% | 2.49% | −0.48 |
| GLD SPDR Gold Shares | Reduce -21.6% | 1.50% | −0.41 |
| PM Philip Morris International | Reduce -20.6% | 2.60% | −0.41 |
| NOV Nov Inc. | Reduce -1.7% | 0.94% | −0.29 |
| CL Colgate-Palmolive Co. | Reduce -9.7% | 1.43% | −0.29 |
| CHRW C.H. Robinson Worldwide Inc. | Reduce -1.4% | 2.04% | −0.29 |
| AEM Agnico Eagle Mines Ltd. | Reduce -19.3% | 1.26% | −0.24 |
| B Barrick Mining Corp. | Reduce -13.4% | 1.65% | −0.23 |
| UHS Universal Health Services-B | Reduce -1.2% | 1.68% | −0.18 |
| BNY Bank of New York Mellon Corp. | Reduce -9.9% | 2.29% | −0.18 |
| VMRK Vivmark Residential | Reduce -1.2% | 1.24% | −0.16 |
| MDT Medtronic PLC | Reduce -0.8% | 1.70% | −0.16 |
| WY Weyerhaeuser Co. | Reduce -1.8% | 0.73% | −0.16 |
| FNF Fidelity National Financial | Reduce -0.8% | 0.68% | −0.16 |
| ADI Analog Devices Inc. | Reduce -21.4% | 1.07% | −0.15 |
| GFI Gold Fields Ltd.-Spons ADR | Reduce -41.7% | 0.17% | −0.12 |
| KHC The Kraft Heinz Co. | Reduce -18.5% | 0.21% | −0.11 |
| CCU Cia Cervecerias Uni-Spon ADR | Reduce 0.0% | 0.41% | −0.10 |
| HCA HCA Healthcare Inc. | Reduce -6.9% | 3.23% | −0.07 |
| DEI Douglas Emmett Inc. | Reduce -1.7% | 0.39% | −0.06 |
| ABEV Ambev SA-ADR | Reduce -0.8% | 1.64% | −0.05 |
| EXR Extra Space Storage Inc. | Reduce -2.0% | 0.47% | −0.04 |
| BXP BXP Inc. | Reduce -2.7% | 0.48% | −0.04 |
| ROST Ross Stores Inc. | Reduce -2.8% | 0.37% | −0.03 |
| AGI Alamos Gold Inc. Class A | Reduce -2.5% | 0.33% | −0.03 |
| ENOV Enovis Corp. | Sold out | 0.00% | −0.03 |
| FMX Fomento Economico Mex-SP ADR | Reduce -1.0% | 2.58% | −0.02 |
| CMI Cummins Inc. | Reduce -1.4% | 1.00% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -9.4% | 0.02% | −0.02 |
| ORLA Orla Mining Ltd. | Reduce -14.8% | 0.14% | −0.02 |
| BKLN Invesco Senior Loan ETF | Sold out | 0.00% | −0.02 |
| SRLN SS Blackstone Sr Loan ETF | Sold out | 0.00% | −0.02 |
| LGIH Lgi Homes Inc. | Sold out | 0.00% | −0.02 |
| WERN Werner Enterprises Inc. | Sold out | 0.00% | −0.02 |
| FAF First American Financial | Sold out | 0.00% | −0.02 |
| AMKR Amkor Technology Inc. | Sold out | 0.00% | −0.02 |
| GXO Gxo Logistics Inc. | Reduce -62.6% | 0.01% | −0.02 |
| NG Novagold Resources Inc. | Reduce -35.3% | 0.10% | −0.02 |
| FNV Franco-Nevada Corp. | Reduce -0.5% | 1.05% | −0.02 |
| MKSI MKS Inc. | Sold out | 0.00% | −0.01 |
| WSR Whitestone REIT | Reduce -26.2% | 0.02% | −0.01 |
| IMXI International Money Express | Sold out | 0.00% | −0.01 |
| AZTA Azenta Inc. | Sold out | 0.00% | −0.01 |
| LBRT Liberty Energy Inc. | Sold out | 0.00% | −0.01 |
| TGI Triumph Group Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| TSM Taiwan Semiconductor-SP ADR | Add +18.6% | 3.04% | +1.06 |
| OKE Oneok Inc. | Add +130.8% | 1.02% | +0.46 |
| CRM Salesforce Inc. | Add +35.7% | 1.76% | +0.41 |
| BIO Bio-Rad Laboratories-A | Add +60.7% | 1.22% | +0.41 |
| IFF Intl Flavors & Fragrances | Add +122.1% | 0.80% | +0.40 |
| BDX Becton Dickinson and Co. | Add +59.2% | 3.03% | +0.36 |
| NTR Nutrien Ltd. | Add +14.0% | 1.55% | +0.33 |
| GOOG Alphabet Inc. Class C | Add +4.7% | 2.67% | +0.30 |
| FERG Ferguson Enterprises Inc. | New | 0.26% | +0.26 |
| TXN Texas Instruments Inc. | Add +6.6% | 1.61% | +0.23 |
| PPG PPG Industries Inc. | Add +21.2% | 1.27% | +0.21 |
| MAG Mag Silver Corp. | Add +0.1% | 0.33% | +0.08 |
| EXPD Expeditors Intl Wash Inc. | Add +17.1% | 1.44% | +0.08 |
| KGC Kinross Gold Corp. | Add +0.3% | 0.37% | +0.06 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +101.2% | 0.08% | +0.04 |
| SIMO Silicon Motion Technol-ADR | New | 0.02% | +0.02 |
| FORM Formfactor Inc. | New | 0.02% | +0.02 |
| CIEN Ciena Corp. | New | 0.02% | +0.02 |
| BTI British American Tob-SP ADR | Add +11.3% | 0.11% | +0.02 |
| MGNI Magnite Inc. | Add +24.7% | 0.03% | +0.02 |
| BTG B2GOLD Corp. | Add +0.1% | 0.09% | +0.02 |
| EYE National Vision Holdings Inc. | Add +1.4% | 0.03% | +0.01 |
| ACLS Axcelis Technologies Inc. | New | 0.01% | +0.01 |
| TKR Timken Co. | New | 0.01% | +0.01 |
| MOS The Mosaic Co. | Add +75.2% | 0.02% | +0.01 |
| FIP Ftai Infrastructure Inc. | Add +35.1% | 0.02% | +0.01 |
| SHEL Shell PLC-ADR | Add +22.9% | 0.09% | +0.01 |
| AMRC Ameresco Inc. Class A | Add +33.1% | 0.02% | +0.01 |
| WRBY Warby Parker Inc. Class A | Add +33.6% | 0.02% | +0.01 |
| VITL Vital Farms Inc. | Add +32.5% | 0.02% | +0.01 |
| LYG Lloyds Banking Group PLC-ADR | Add +9.9% | 0.06% | +0.01 |
| AEIS Advanced Energy Industries | Add +0.8% | 0.03% | +0.01 |
| COHU Cohu Inc. | New | 0.01% | +0.01 |
| MTN Vail Resorts Inc. | New | 0.01% | +0.01 |
| WBS Webster Financial Corp. | Add +54.6% | 0.02% | +0.01 |
| GEOS Geospace Technologies Corp. | Add +8.9% | 0.01% | +0.01 |
| HLIT Harmonic Inc. | Add +152.8% | 0.01% | +0.01 |
| HCSG Healthcare Services Group | Add +18.7% | 0.02% | +0.01 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +10.4% | 0.03% | +0.01 |
| THRY Thryv Holdings Inc. | Add +108.4% | 0.01% | +0.01 |
| QXO Qxo Inc. | New | 0.01% | +0.01 |
| VPG Vishay Precision Group | Add +72.2% | 0.01% | +0.01 |
| CECO Ceco Environmental Corp. | Add +2.2% | 0.03% | +0.01 |
| CLW Clearwater Paper Corp. | Add +125.9% | 0.01% | +0.01 |
| MTW Manitowoc Company Inc. | Add +4.7% | 0.02% | +0.01 |
| MTRX Matrix Service Co. | Add +60.5% | 0.01% | +0.01 |
| DEO Diageo PLC-Sponsored ADR | Add +73.1% | 0.01% | +0.01 |
| AVNW Aviat Networks Inc. | Add +15.1% | 0.02% | +0.00 |
| PHLT Performant Healthcare Inc. | Add +0.9% | 0.02% | +0.00 |
| SRTA Strata Critical Medical Inc. | Add +20.0% | 0.01% | +0.00 |
Options Activity Q1 2025 → Q2 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +84.6% | 12,000,000 | $967.8M |
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 |