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

0$20.0B$40.0B$60.0B$80.0B Q1 2024: $44.0B Q1 2024 Q2 2024: $44.1B Q2 2024 Q3 2024: $48.5B Q3 2024 Q4 2024: $44.6B Q4 2024 Q1 2025: $47.4B Q1 2025 Q2 2025: $49.9B $49.9B Q2 2025 Q3 2025: $54.9B Q3 2025 Q4 2025: $56.8B Q4 2025 Q1 2026: $58.9B Q1 2026 Q2 2026: $60.7B Q2 2026

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%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.03% 240,377 $14.1M Reduce -8.6%
LPX Louisiana-Pacific Corp. 0.03% 161,431 $13.9M Reduce -1.0%
OIS Oil States International Inc. filed as OIL STS INTL INC 0.03% 2,588,396 $13.9M Reduce -0.4%
LXU LSB Industries Inc. 0.03% 1,765,601 $13.8M Reduce -2.5%
UTI Universal Technical Institut 0.03% 403,976 $13.7M Reduce -8.2%
TMHC Taylor Morrison Home Corp. 0.03% 221,701 $13.6M Reduce -2.8%
BKD Brookdale Senior Living Inc. 0.03% 1,935,586 $13.5M Reduce -2.6%
MTDR Matador Resources Co. 0.03% 282,290 $13.5M Reduce -12.6%
VSH Vishay Intertechnology Inc. 0.03% 842,500 $13.4M Add +15.2%
WCC Wesco International Inc. 0.03% 72,008 $13.3M Add +5.1%
OUT Outfront Media Inc. 0.03% 804,035 $13.1M Reduce -2.9%
EYE National Vision Holdings Inc. 0.03% 568,102 $13.1M Add +1.4%
KTOS Kratos Defense & Security 0.03% 281,063 $13.1M Reduce -28.7%
KMPR Kemper Corp. 0.03% 200,331 $12.9M Reduce -7.5%
AORT Artivion Inc. 0.03% 415,015 $12.9M Reduce -4.2%
CMC Commercial Metals Co. 0.03% 261,279 $12.8M Reduce -0.5%
PNTG The Pennant Group Inc. 0.03% 426,848 $12.7M Reduce -1.0%
WRBY Warby Parker Inc. Class A 0.02% 561,144 $12.3M Add +33.6%
IBP Installed Building Products 0.02% 68,078 $12.3M Reduce -2.8%
ASTE Astec Industries Inc. 0.02% 292,050 $12.2M Reduce -2.9%
PBPB Potbelly Corp. 0.02% 989,028 $12.1M Reduce -1.1%
KALU Kaiser Aluminum Corp. 0.02% 151,232 $12.1M Reduce -0.7%
ONB Old National Bancorp 0.02% 562,798 $12.0M Reduce -7.5%
ABCB Ameris Bancorp 0.02% 181,558 $11.7M Reduce -0.7%
QNST Quinstreet Inc. 0.02% 725,874 $11.7M Add +0.4%
MTG Mgic Investment Corp. 0.02% 419,160 $11.7M Reduce -9.1%
AMRC Ameresco Inc. Class A 0.02% 753,807 $11.5M Add +33.1%
SBCF Seacoast Banking Corp. 0.02% 414,493 $11.4M Reduce -24.9%
HL Hecla Mining Co. 0.02% 1,906,228 $11.4M Reduce -2.1%
GLNG Golar LNG Ltd. 0.02% 276,272 $11.4M Reduce -3.4%
ACA Arcosa Inc. 0.02% 130,480 $11.3M Reduce -2.3%
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 0.02% 267,119 $11.3M Reduce -7.6%
HSTM Healthstream Inc. 0.02% 406,498 $11.2M Reduce -1.6%
UNH Unitedhealth Group Inc. 0.02% 35,893 $11.2M Reduce -9.4%
PBF PBF Energy Inc. Class A 0.02% 507,417 $11.0M Add +4.5%
SIMO Silicon Motion Technol-ADR 0.02% 146,200 $11.0M New
ORI Old Republic Intl Corp. 0.02% 285,374 $11.0M Reduce -11.7%
NPO Enpro Inc. 0.02% 57,069 $10.9M Add +4.7%
MAMA Mama's Creations Inc. 0.02% 1,315,914 $10.9M Reduce -0.4%
VITL Vital Farms Inc. 0.02% 283,479 $10.9M Add +32.5%
PHLT Performant Healthcare Inc. 0.02% 2,704,255 $10.8M Add +0.9%
FIP Ftai Infrastructure Inc. 0.02% 1,738,171 $10.7M Add +35.1%
TRN Trinity Industries Inc. 0.02% 394,192 $10.6M Reduce -1.7%
IDA Idacorp Inc. 0.02% 91,953 $10.6M Reduce -10.5%
INGR Ingredion Inc. 0.02% 77,550 $10.5M Reduce -16.6%
WBS Webster Financial Corp. 0.02% 191,874 $10.5M Add +54.6%
FOR Forestar Group Inc. 0.02% 520,269 $10.4M Reduce -1.6%
CHEF The Chefs' Warehouse Inc. 0.02% 161,913 $10.3M Reduce -22.0%
AX Axos Financial Inc. 0.02% 135,172 $10.3M Reduce -16.7%
ADTN Adtran Holdings Inc. 0.02% 1,133,607 $10.2M Reduce -0.9%
WSR Whitestone REIT 0.02% 811,040 $10.1M Reduce -26.2%
UMH Umh Properties Inc. filed as UMH PPTYS INC 0.02% 594,019 $10.0M Add +6.0%
MTW Manitowoc Company Inc. 0.02% 818,823 $9.8M Add +4.7%
THR Thermon Group Holdings Inc. 0.02% 349,111 $9.8M Reduce -1.0%
NVGS Navigator Holdings Ltd. 0.02% 689,545 $9.8M Add +2.1%
SPB Spectrum Brands Holdings Inc. 0.02% 183,372 $9.7M Reduce -8.4%
CCS Century Communities Inc. 0.02% 172,547 $9.7M Reduce -1.4%
FORM Formfactor Inc. 0.02% 281,444 $9.7M New
CIEN Ciena Corp. 0.02% 118,349 $9.6M New
BDC Belden Inc. 0.02% 82,338 $9.5M Reduce -6.9%
RDN Radian Group Inc. 0.02% 261,061 $9.4M Reduce -10.3%
LPG Dorian LPG Ltd. 0.02% 385,425 $9.4M Reduce -0.9%
OTIS Otis Worldwide Corp. 0.02% 94,015 $9.3M Add +23.0%
BRK.B Berkshire Hathaway Inc. Class B 0.02% 18,876 $9.2M Add +18.9%
AVNW Aviat Networks Inc. 0.02% 378,549 $9.1M Add +15.1%
HCSG Healthcare Services Group 0.02% 598,848 $9.0M Add +18.7%
JBI Janus International Group Inc. 0.02% 1,103,442 $9.0M Reduce -1.9%
SAH Sonic Automotive Inc. Class A 0.02% 112,216 $9.0M Reduce -7.5%
BHE Benchmark Electronics Inc. 0.02% 225,079 $8.7M Reduce -8.1%
RELY Remitly Global Inc. 0.02% 460,516 $8.6M Reduce -2.4%
MOS The Mosaic Co. 0.02% 236,925 $8.6M Add +75.2%
AOSL Alpha & Omega Semiconductor 0.02% 329,208 $8.4M Add +7.3%
STNG Scorpio Tankers Inc. 0.02% 209,968 $8.2M Reduce -13.4%
UCTT Ultra Clean Holdings Inc. 0.02% 360,139 $8.1M Reduce -11.2%
GT Goodyear Tire & Rubber Co. 0.02% 776,455 $8.1M Reduce -18.5%
TRS Trimas Corp. 0.02% 281,306 $8.0M Add +3.2%
UTZ Utz Brands Inc. 0.02% 640,530 $8.0M Add +13.9%
LOCO El Pollo Loco Holdings Inc. 0.02% 726,393 $8.0M Add +17.2%
BKH Black Hills Corp. 0.02% 142,461 $8.0M Reduce -12.2%
DENN Denny's Corp. 0.02% 1,949,248 $8.0M Add +6.0%
NCMI National Cinemedia Inc. 0.02% 1,644,447 $8.0M Reduce -11.5%
VIAV Viavi Solutions Inc. 0.02% 790,300 $8.0M Add +3.9%
VLY Valley National Bancorp 0.02% 883,800 $7.9M Reduce -11.0%
PWP Perella Weinberg Partners 0.02% 406,078 $7.9M Add +5.5%
ATEC Alphatec Holdings Inc. 0.02% 708,437 $7.9M Reduce -0.3%
STC Stewart Information Services 0.02% 120,309 $7.8M Reduce -1.6%
CAKE The Cheesecake Factory Inc. 0.02% 124,058 $7.8M Reduce -40.2%
PR Permian Resources Corp. Class A 0.02% 570,648 $7.8M Reduce -15.2%
NGS Natural Gas Services Group 0.02% 299,239 $7.7M Add +5.5%
JBTM JBT Marel Corp. 0.02% 63,923 $7.7M Reduce -16.4%
GSM Ferroglobe PLC 0.02% 2,065,772 $7.6M Add +1.2%
VECO Veeco Instruments Inc. 0.02% 371,881 $7.6M Reduce -22.0%
ATRO Astronics Corp. 0.01% 222,326 $7.4M Reduce -19.9%
CDNA Caredx Inc. 0.01% 379,023 $7.4M Add +15.3%
GEOS Geospace Technologies Corp. 0.01% 509,364 $7.3M Add +8.9%
OGS One Gas Inc. 0.01% 101,014 $7.3M Reduce -27.6%
MUR Murphy Oil Corp. 0.01% 321,500 $7.2M Add +2.2%
AVT Avnet Inc. 0.01% 136,045 $7.2M Reduce -17.4%
CARS Cars.com Inc. 0.01% 607,143 $7.2M Add +3.8%
THRY Thryv Holdings Inc. 0.01% 585,316 $7.1M Add +108.4%
SANM Sanmina Corp. 0.01% 72,572 $7.1M Reduce -34.5%
AMWD American Woodmark Corp. 0.01% 132,300 $7.1M Add +2.9%
EVER Everquote Inc. Class A 0.01% 291,457 $7.0M Reduce -2.1%
DEO Diageo PLC-Sponsored ADR 0.01% 69,859 $7.0M Add +73.1%
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 0.01% 260,044 $7.0M Reduce -24.2%
SM SM Energy Co. 0.01% 280,303 $6.9M Add +1.1%
PKOH Park-Ohio Holdings Corp. 0.01% 386,025 $6.9M Add +18.8%
AHCO Adapthealth Corp. 0.01% 729,636 $6.9M Reduce -13.3%
MTRX Matrix Service Co. 0.01% 509,194 $6.9M Add +60.5%
NVEE NV5 Global Inc. 0.01% 295,200 $6.8M Reduce -6.9%
PTLO Portillo's Inc. Class A 0.01% 577,850 $6.7M Add +16.9%
BCC Boise Cascade Co. 0.01% 77,253 $6.7M Add +68.5%
SIBN Si-Bone Inc. 0.01% 354,538 $6.7M Add +15.2%
CON Concentra Group Holdings Par 0.01% 324,259 $6.7M Add +2.7%
CRS Carpenter Technology 0.01% 23,679 $6.5M Reduce -16.8%
SEM Select Medical Holdings Corp. 0.01% 428,948 $6.5M Add +12.5%
TROX Tronox Holdings PLC 0.01% 1,261,840 $6.4M Add +17.7%
CXM Sprinklr Inc. Class A 0.01% 755,728 $6.4M Add +39.3%
TWI Titan International Inc. 0.01% 620,251 $6.4M Add +22.8%
BLZE Backblaze Inc. Class A 0.01% 1,157,390 $6.4M Add +8.6%
GXO Gxo Logistics Inc. 0.01% 129,431 $6.3M Reduce -62.6%
VPG Vishay Precision Group 0.01% 223,642 $6.3M Add +72.2%
HLIT Harmonic Inc. 0.01% 661,376 $6.3M Add +152.8%
LFST Lifestance Health Group Inc. 0.01% 1,210,966 $6.3M Add +22.1%
ETD Ethan Allen Interiors Inc. 0.01% 221,661 $6.2M Add +1.4%
DGII Digi International Inc. 0.01% 176,909 $6.2M Reduce -4.3%
PENG Penguin Solutions Inc. 0.01% 308,744 $6.1M Reduce -37.3%
CENX Century Aluminum Company 0.01% 338,056 $6.1M Reduce -7.4%
HZO Marinemax Inc. 0.01% 240,235 $6.0M Add +23.1%
MATV Mativ Holdings Inc. 0.01% 879,890 $6.0M Add +28.6%
ICHR Ichor Holdings Ltd. 0.01% 305,172 $6.0M Reduce -16.8%
PEP Pepsico Inc. 0.01% 45,127 $6.0M Reduce -26.8%
NX Quanex Building Products 0.01% 313,068 $5.9M Add +8.1%
SHOE Shoe Station Group Inc. filed as SHOE CARNIVAL INC 0.01% 314,384 $5.9M Reduce -11.4%
CUBI Customers Bancorp Inc. 0.01% 99,717 $5.9M Add +15.8%
SMHI Seacor Marine Holdings Inc. 0.01% 1,137,894 $5.8M Add +4.8%
INFU Infusystem Holdings Inc. 0.01% 910,371 $5.7M Reduce -1.1%
MEC Mayville Engineering Co. Inc. 0.01% 354,075 $5.7M Add +0.6%
SKT Tanger Inc. 0.01% 181,504 $5.6M Add +1.9%
SKY Champion Homes Inc. 0.01% 88,482 $5.5M Reduce -4.0%
LXFR Luxfer Holdings PLC 0.01% 449,056 $5.5M No change
REPX Riley Exploration Permian Inc. 0.01% 208,048 $5.5M Reduce -30.0%
SRTA Strata Critical Medical Inc. filed as BLADE AIR MOBILITY INC 0.01% 1,353,620 $5.5M Add +20.0%
TMCI Treace Medical Concepts Inc. 0.01% 908,029 $5.3M Add +82.0%
ASIX Advansix Inc. 0.01% 222,024 $5.3M Reduce -1.5%
LYTS Lsi Industries Inc. 0.01% 309,922 $5.3M Reduce -6.6%
OSIS Osi Systems Inc. 0.01% 23,200 $5.2M Reduce -22.9%
CLW Clearwater Paper Corp. 0.01% 189,558 $5.2M Add +125.9%
NTCT Netscout Systems Inc. 0.01% 206,202 $5.1M Reduce -10.9%
ACLS Axcelis Technologies Inc. 0.01% 73,000 $5.1M New
ALTG Alta Equipment Group Inc. 0.01% 792,103 $5.0M Add +16.2%
RXO Rxo Inc. 0.01% 317,975 $5.0M Reduce -14.1%
MC Moelis & Co. Class A 0.01% 79,551 $5.0M Reduce -22.8%
TKR Timken Co. 0.01% 67,500 $4.9M New
MNRO Monro Inc. 0.01% 319,500 $4.8M Reduce -0.5%
VSEC Vse Corp. 0.01% 35,672 $4.7M Reduce -34.2%
SDHC Smith Douglas Homes Corp. 0.01% 240,382 $4.7M Add +1.7%
TALK Talkspace Inc. 0.01% 1,601,130 $4.5M Add +41.5%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.01% 139,200 $4.4M Reduce -41.5%
AVAH Aveanna Healthcare Holdings 0.01% 810,667 $4.2M Add +12.1%
INTT Intest Corp. 0.01% 579,834 $4.2M Reduce -5.1%
RBBN Ribbon Communications Inc. 0.01% 1,025,914 $4.1M Add +16.5%
JOUT Johnson Outdoors Inc. Class A 0.01% 133,047 $4.0M Add +25.6%
ZIMV Zimvie Inc. 0.01% 429,873 $4.0M Add +3.0%
ASPS Altisource Portfolio Sol 0.01% 469,880 $4.0M No change
COHU Cohu Inc. 0.01% 205,327 $4.0M New
DRS Leonardo DRS Inc. 0.01% 84,685 $3.9M Reduce -56.8%
PRGO Perrigo Co. PLC 0.01% 145,905 $3.9M Reduce -3.6%
FSLY Fastly Inc. Class A 0.01% 541,173 $3.8M Reduce -16.3%
LAKE Lakeland Industries Inc. 0.01% 278,756 $3.8M Add +27.3%
EMBC Embecta Corp. 0.01% 389,994 $3.8M Reduce -1.4%
SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD 0.01% 156,892 $3.8M Add +6.7%
PAL Proficient Auto Logistics Inc. 0.01% 516,473 $3.7M Add +25.7%
NWE Northwestern Energy Group Inc. 0.01% 72,999 $3.7M Reduce -45.2%
MTN Vail Resorts Inc. 0.01% 23,769 $3.7M New
DOUG Douglas Elliman Inc. 0.01% 1,597,367 $3.7M Add +8.3%
MAC The Macerich Co. 0.01% 226,510 $3.7M Reduce -23.4%
SVCO Silvaco Group Inc. 0.01% 774,438 $3.7M Add +20.3%
AIR Aar Corp. 0.01% 52,870 $3.6M Reduce -62.2%
ASYS Amtech Systems Inc. 0.01% 800,382 $3.6M Reduce -4.9%
NPKI NPK International Inc. 0.01% 417,121 $3.5M Reduce -33.5%
KOS Kosmos Energy Ltd. 0.01% 2,049,091 $3.5M Add +13.9%
NTGR Netgear Inc. 0.01% 117,893 $3.4M Reduce -1.3%
STKL Sunopta Inc. 0.01% 586,750 $3.4M Add +37.8%
ONEW Onewater Marine Inc. Class A 0.01% 251,048 $3.4M Add +66.2%
HOFT Hooker Furnishings Corp. 0.01% 317,414 $3.4M Add +35.9%
PGNY Progyny Inc. 0.01% 151,700 $3.3M Reduce -7.0%
CLAR Clarus Corp. 0.01% 957,475 $3.3M Add +3.3%
DNOW Dnow Inc. 0.01% 222,434 $3.3M Reduce -11.0%
TTAM Titan America SA 0.01% 256,310 $3.2M Add +94.5%
RLGT Radiant Logistics Inc. 0.01% 518,801 $3.2M Reduce -1.5%
VMD Viemed Healthcare Inc. 0.01% 455,344 $3.1M Add +7.0%
SHYF The Shyft Group Inc. 0.01% 248,912 $3.1M Add +63.6%
ACCO Acco Brands Corp. 0.01% 863,769 $3.1M Add +20.0%
STRW Strawberry Fields REIT Inc. 0.01% 291,122 $3.1M Add +38.1%
TILE Interface Inc. 0.01% 145,543 $3.0M Reduce -6.5%
ANGO Angiodynamics Inc. 0.01% 305,335 $3.0M Reduce -19.2%
QXO Qxo Inc. 0.01% 140,445 $3.0M New
RDNT Radnet Inc. 0.01% 52,043 $3.0M Reduce -14.9%
KODK Eastman Kodak Co. 0.01% 503,216 $2.8M Reduce -1.9%
PUMP Propetro Holding Corp. 0.01% 464,133 $2.8M Reduce -2.9%
CTOS Custom Truck One Source Inc. 0.01% 558,353 $2.8M Add +283.7%
KRO Kronos Worldwide Inc. 0.01% 433,047 $2.7M Reduce -14.1%
BBCP Concrete Pumping Holdings Inc. 0.01% 419,905 $2.6M Add +17.3%
POWW Outdoor Holding Co. 0.00% 1,919,370 $2.5M Add +5.5%
SBUX Starbucks Corp. 0.00% 25,998 $2.4M Reduce -46.9%
HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I 0.00% 364,258 $2.3M Reduce -2.1%
ICAD Icad Inc. 0.00% 578,942 $2.2M Reduce -20.1%
AIRG Airgain Inc. 0.00% 522,230 $2.2M Reduce -6.6%
GD General Dynamics Corp. 0.00% 7,297 $2.1M No change
SDRL Seadrill Limited 0.00% 80,613 $2.1M Add +132.9%
CIA Citizens Inc. 0.00% 598,750 $2.1M Add +7.4%
AXGN Axogen Inc. 0.00% 177,955 $1.9M New
NATR Natures Sunshine Prods Inc. 0.00% 130,000 $1.9M New
HTLD Heartland Express Inc. 0.00% 221,581 $1.9M Reduce -69.2%
MASS 908 Devices Inc. 0.00% 267,378 $1.9M New
TTSH Tile Shop Hldgs Inc. 0.00% 295,172 $1.9M Reduce -1.2%
ASUR Asure Software Inc. 0.00% 185,046 $1.8M Reduce -32.1%
THC Tenet Healthcare Corp. 0.00% 9,927 $1.7M Reduce -14.2%
CAH Cardinal Health Inc. 0.00% 9,977 $1.7M Reduce -9.4%
RES RPC Inc. 0.00% 328,149 $1.6M Add +4.1%
CRNT Ceragon Networks Ltd. 0.00% 590,860 $1.5M Add +30.9%
EVR Evercore Inc. Class A 0.00% 5,342 $1.4M Add +10.3%
FLYW Flywire Corp.-Voting 0.00% 116,489 $1.4M New
PWR Quanta Services Inc. 0.00% 3,586 $1.4M Reduce -0.2%
SMWB Similarweb Ltd. 0.00% 169,505 $1.3M New
EXE Expand Energy Corp. 0.00% 10,888 $1.3M Add +5.8%
GTLS Chart Industries Inc. 0.00% 7,523 $1.2M Add +46.4%
FLEX Flex Ltd. 0.00% 23,705 $1.2M Add +41.9%
FEOE First Eagle Overseas Eq ETF 0.00% 27,780 $1.2M No change
UEIC Universal Electronics Inc. 0.00% 174,936 $1.2M Add +5.4%
FOSL Fossil Group Inc. 0.00% 761,226 $1.1M Add +17.2%
FEGE First Eagle GL Equity ETF 0.00% 27,635 $1.1M No change
GNRC Generac Holdings Inc. 0.00% 7,679 $1.1M Add +52.6%
CW Curtiss-Wright Corp. 0.00% 2,200 $1.1M Add +4.8%
TXRH Texas Roadhouse Inc. 0.00% 5,726 $1.1M Add +19.0%
KVHI KVH Industries Inc. 0.00% 196,344 $1.0M Add +77.2%
DOV Dover Corp. 0.00% 5,687 $1.0M Reduce -0.0%
DGX Quest Diagnostics Inc. 0.00% 5,697 $1.0M Add +2.7%
HLLY Holley Inc. 0.00% 475,297 $951K Add +32.2%
COHR Coherent Corp. 0.00% 10,608 $946K Add +64.8%
RKT Rocket Cos Inc. Class A 0.00% 66,716 $946K Add +5.3%
EXEL Exelixis Inc. 0.00% 20,683 $912K Add +5.1%
ENSG The Ensign Group Inc. 0.00% 5,838 $901K Add +9.4%
HLI Houlihan Lokey Inc. 0.00% 4,996 $899K Add +19.0%
PFGC Performance Food Group Co. 0.00% 10,102 $884K Add +6.3%
LTRX Lantronix Inc. 0.00% 284,525 $817K Reduce -55.8%
DECK Deckers Outdoor Corp. 0.00% 7,880 $812K New
DAL Delta Air Lines Inc. 0.00% 16,201 $797K Add +9.4%
WD Walker & Dunlop Inc. 0.00% 11,097 $782K Add +28.2%
DCI Donaldson Co. Inc. 0.00% 11,241 $780K Reduce -3.2%
ACN Accenture PLC Class A 0.00% 2,597 $776K Reduce -1.2%
LII Lennox International Inc. 0.00% 1,330 $762K No change
CASY Casey's General Stores Inc. 0.00% 1,421 $725K Add +7.6%
PROF Profound Medical Corp. 0.00% 122,039 $720K New
ARMK Aramark 0.00% 16,328 $684K Reduce -0.7%
LAD Lithia Motors Inc. 0.00% 1,879 $635K Add +52.5%
XPO Xpo Inc. 0.00% 4,981 $629K Reduce -36.6%
NVT Nvent Electric PLC 0.00% 8,053 $590K New
RJF Raymond James Financial Inc. 0.00% 3,720 $571K Reduce -12.2%
SND Smart Sand Inc. 0.00% 276,039 $555K Add +7.4%
WLK Westlake Corp. 0.00% 6,885 $523K Add +13.1%
TOL Toll Brothers Inc. 0.00% 4,177 $477K Add +13.5%
ZBH Zimmer Biomet Holdings Inc. 0.00% 4,725 $431K Add +11.8%
KD Kyndryl Holdings Inc. 0.00% 8,938 $375K New
CRH CRH PLC 0.00% 4,052 $373K No change
TRMB Trimble Inc. 0.00% 4,593 $349K Add +21.0%
DINO HF Sinclair Corp. 0.00% 8,052 $331K Add +26.7%
LUV Southwest Airlines Co. 0.00% 10,183 $330K Add +17.3%
UGI Ugi Corp. 0.00% 8,613 $314K No change
TXNM TXNM Energy Inc. 0.00% 5,387 $303K No change
COTY Coty Inc. Class A 0.00% 64,276 $299K Add +6.6%
AZEK The Azek Co. Inc. 0.00% 5,328 $290K Reduce -90.9%
D Dominion Energy Inc. 0.00% 4,586 $259K Add +16.4%
SN Sharkninja Inc. 0.00% 2,589 $256K New
RS Reliance Inc. 0.00% 793 $249K Add +18.0%
PHM Pultegroup Inc. 0.00% 2,150 $227K Add +33.2%
WMB Williams Cos Inc. 0.00% 3,190 $200K No change
CP Canadian Pacific Kansas City 0.00% 2,446 $194K No change
BSM Black Stone Minerals LP 0.00% 14,564 $190K No change
IAU iShares Gold Trust 0.00% 3,056 $189K Add +215.7%
ALGN Align Technology Inc. 0.00% 995 $188K Reduce -24.6%
CNI Canadian Natl Railway Co. 0.00% 1,765 $184K No change
TAC Transalta Corp. 0.00% 15,350 $166K Reduce -20.3%
EGP Eastgroup Properties Inc. 0.00% 831 $139K Add +51.9%
RH RH 0.00% 593 $112K Add +231.3%
EQIX Equinix Inc. 0.00% 86 $68K Reduce -61.3%
AWK American Water Works Co. Inc. 0.00% 454 $63K Reduce -58.3%
LIN Linde PLC 0.00% 53 $25K No change

Options reported separately and not counted above: HYG puts ($967.8M).

Other holdings (2): bonds, preferreds, convertibles and warrants · $54.1M (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 24,541$29.8MNo change
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 20,691$24.3MNo 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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 420$60.7BGOOG, BDX, META, TSM, FMX
Q1 2026Amended 416$58.9BGOOG, BDX, WPM, IMO, META
Q4 2025 418$56.8BGOOG, BDX, META, WPM, TSM
Q3 2025 400$54.9BORCL, META, WPM, TSM, BDX
Q2 2025 389$49.9BMETA, ORCL, IMO, WPM, HCA
Q1 2025 408$47.4BMETA, ORCL, HCA, IMO, WTW
Q4 2024 420$44.6BMETA, ORCL, WTW, HCA, IMO
Q3 2024 391$48.5BORCL, META, HCA, XOM, IMO
Q2 2024 395$44.1BORCL, META, XOM, IMO, HCA
Q1 2024 401$44.0BORCL, META, IMO, XOM, HCA