First Eagle Investment Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), First Eagle Investment Management, LLC reported 400 stock positions worth $54.9 billion. Its top holding was Oracle (ORCL) at 4.5% of the portfolio, followed by Meta Platforms Class A (META, 4.5%) and Wheaton Precious Metals (WPM, 3.5%). Compared with Q2 2025, it opened 39 new positions, sold out of 28, added to 187 and reduced 167. The biggest buy was a new position in Workday Class A (WDAY) and the biggest sale Philip Morris International (PM, shares −14%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001325447
Portfolio Value
$54.9B (Q3 2025)
SEC Filing
0001325447-25-000039 ↗ filed Nov 12, 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 Q2 2025 Q3 2025: $54.9B $54.9B Q3 2025 Q4 2025: $56.8B Q4 2025 Q1 2026: $58.9B Q1 2026 Q2 2026: $60.7B Q2 2026

Holdings 400 stocks · $54.9B

ORCL Oracle Corp. 4.53% 8,839,413 $2.5B Reduce -20.7%
META Meta Platforms Inc. Class A 4.46% 3,331,952 $2.4B Reduce -0.0%
WPM Wheaton Precious Metals Corp. 3.50% 17,158,963 $1.9B Reduce -5.2%
TSM Taiwan Semiconductor-SP ADR 3.41% 6,700,008 $1.9B Add +0.1%
BDX Becton Dickinson and Co. 3.41% 9,994,408 $1.9B Add +13.8%
GOOG Alphabet Inc. Class C 3.34% 7,526,885 $1.8B Add +0.2%
IMO Imperial Oil Ltd. 3.33% 20,143,872 $1.8B Reduce -1.7%
HCA HCA Healthcare Inc. 3.04% 3,919,472 $1.7B Reduce -6.9%
WTW Willis Towers Watson PLC 2.69% 4,265,114 $1.5B Reduce -0.7%
CHRW C.H. Robinson Worldwide Inc. 2.55% 10,564,999 $1.4B Reduce -0.2%
NEM Newmont Corp. 2.40% 15,633,877 $1.3B Reduce -8.7%
ELV Elevance Health Inc. 2.35% 3,998,603 $1.3B Add +24.9%
B Barrick Mining Corp. 2.31% 38,661,303 $1.3B Reduce -2.1%
FMX Fomento Economico Mex-SP ADR 2.25% 12,508,526 $1.2B Reduce -0.0%
CMCSA Comcast Corp. Class A 2.06% 35,926,674 $1.1B Add +0.1%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 2.05% 10,304,933 $1.1B Reduce -17.9%
PM Philip Morris International 1.81% 6,121,345 $992.9M Reduce -14.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.73% 27,543,894 $946.7M Add +0.1%
UHS Universal Health Services-B 1.72% 4,621,171 $944.8M Add +0.0%
MDT Medtronic PLC 1.69% 9,735,038 $927.2M Add +0.0%
FNV Franco-Nevada Corp. 1.64% 4,049,187 $901.1M Add +26.4%
GLD SPDR Gold Shares 1.64% 2,531,196 $899.8M Add +2.7%
AEM Agnico Eagle Mines Ltd. 1.61% 5,258,551 $885.5M Reduce -0.2%
XOM Exxon Mobil Corp. 1.60% 7,794,377 $878.8M Add +0.0%
CRM Salesforce Inc. 1.59% 3,690,824 $874.7M Add +14.8%
GOOGL Alphabet Inc. Class A 1.45% 3,268,864 $794.7M Reduce -0.4%
NTR Nutrien Ltd. 1.42% 13,237,215 $777.2M Reduce -0.2%
EXPD Expeditors Intl Wash Inc. 1.40% 6,280,242 $769.9M Add +0.0%
ABEV Ambev SA-ADR 1.38% 338,598,724 $755.1M Reduce -0.0%
BIO Bio-Rad Laboratories-A 1.29% 2,520,319 $706.7M Add +0.1%
TXN Texas Instruments Inc. 1.22% 3,630,721 $667.1M Reduce -6.2%
PPG PPG Industries Inc. 1.20% 6,263,829 $658.4M Add +12.7%
CL Colgate-Palmolive Co. 1.15% 7,889,103 $630.7M Add +0.2%
DG Dollar General Corp. 1.13% 5,977,005 $617.7M Add +0.0%
CMI Cummins Inc. 1.10% 1,423,501 $601.2M Reduce -6.5%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 1.09% 9,197,886 $595.4M Add +0.0%
AXP American Express Co. 1.04% 1,722,929 $572.3M Reduce -10.8%
OKE Oneok Inc. 1.03% 7,769,215 $566.9M Add +24.2%
WDAY Workday Inc. Class A 1.01% 2,310,688 $556.3M New
OMC Omnicom Group 0.94% 6,318,477 $515.1M New
ADI Analog Devices Inc. 0.91% 2,030,651 $498.9M Reduce -9.5%
NOV Nov Inc. 0.91% 37,609,002 $498.3M Add +0.1%
RGLD Royal Gold Inc. 0.82% 2,247,875 $450.9M Reduce -32.8%
BRK.A Berkshire Hathaway Inc. Class A 0.78% 569 $429.1M Reduce -12.3%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.78% 6,927,070 $426.3M Add +27.3%
USB US Bancorp 0.77% 8,773,278 $424.0M Add +0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.72% 3,426,467 $392.3M Add +0.1%
CHTR Charter Communications Inc. Class A 0.68% 1,352,359 $372.0M Add +79.3%
FNF Fidelity National Financial 0.67% 6,047,767 $365.8M Add +0.1%
IPGP Ipg Photonics Corp. 0.65% 4,474,759 $354.4M Add +0.2%
WY Weyerhaeuser Co. 0.64% 14,135,500 $350.4M Reduce -0.1%
NE Noble Corp. PLC 0.63% 12,166,208 $344.1M Add +0.0%
MSFT Microsoft Corp. 0.52% 545,853 $282.7M Add +0.2%
BXP BXP Inc. 0.48% 3,532,527 $262.6M Reduce -0.2%
KGC Kinross Gold Corp. 0.46% 10,115,560 $251.4M Reduce -14.5%
DE Deere & Co. 0.43% 511,840 $234.0M Reduce -0.1%
EXR Extra Space Storage Inc. 0.41% 1,577,249 $222.3M Reduce -0.4%
ROST Ross Stores Inc. 0.40% 1,430,376 $218.0M Reduce -0.4%
AGI Alamos Gold Inc. Class A 0.40% 6,248,315 $217.7M Add +0.1%
DEI Douglas Emmett Inc. 0.37% 13,005,470 $202.5M Reduce -0.2%
CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS 0.35% 15,898,984 $192.7M Add +0.1%
XRAY Dentsply Sirona Inc. 0.33% 14,181,811 $180.0M Reduce -0.1%
PAAS Pan American Silver Corp. 0.32% 4,594,534 $178.0M New
CSL Carlisle Cos Inc. 0.32% 536,752 $176.6M Reduce -0.1%
GFI Gold Fields Ltd.-Spons ADR 0.27% 3,586,921 $150.5M Add +0.1%
AU Anglogold Ashanti PLC 0.26% 2,056,440 $144.6M Add +0.1%
FERG Ferguson Enterprises Inc. 0.25% 599,229 $134.6M Reduce -0.1%
NG Novagold Resources Inc. 0.19% 11,811,841 $103.9M Add +0.1%
ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW 0.13% 6,719,636 $72.5M Reduce -1.9%
BTI British American Tob-SP ADR 0.12% 1,284,550 $68.2M Add +14.2%
BTG B2GOLD Corp. 0.12% 12,870,583 $63.6M Add +0.1%
EPD Enterprise Products Partners 0.11% 1,849,600 $57.8M Reduce -0.1%
SHEL Shell PLC-ADR 0.09% 668,344 $47.8M Add +9.8%
UL Unilever PLC 0.08% 701,486 $41.6M Add +10.4%
BIL SS SPDR BB 1-3M T-Bill ETF 0.07% 400,716 $36.8M Reduce -8.3%
CDE Coeur Mining Inc. 0.06% 1,655,216 $31.1M Reduce -17.0%
KOF Coca-Cola Femsa Sab-SP ADR 0.06% 371,596 $30.9M No change
LYG Lloyds Banking Group PLC-ADR 0.05% 6,328,253 $28.7M Reduce -7.2%
CAE Cae Inc. 0.05% 937,279 $27.7M Reduce -0.4%
HLN Haleon PLC-ADR 0.05% 3,056,951 $27.4M Add +9.8%
TEL Te Connectivity PLC 0.05% 118,916 $26.1M Reduce -4.5%
AMRC Ameresco Inc. Class A 0.04% 720,372 $24.2M Reduce -4.4%
CECO Ceco Environmental Corp. 0.04% 434,256 $22.2M Reduce -27.8%
HL Hecla Mining Co. 0.04% 1,750,788 $21.2M Reduce -8.2%
TTMI TTM Technologies 0.04% 360,253 $20.8M Reduce -34.0%
HD Home Depot Inc. 0.04% 48,945 $19.8M Reduce -2.0%
AEIS Advanced Energy Industries 0.04% 116,173 $19.8M Reduce -3.1%
ITUB Itau Unibanco H-Spon PRF ADR 0.03% 2,491,313 $18.3M Add +9.9%
LINC Lincoln Educational Services 0.03% 774,630 $18.2M Reduce -1.9%
DCO Ducommun Inc. 0.03% 183,024 $17.6M Reduce -16.0%
EYE National Vision Holdings Inc. 0.03% 586,552 $17.1M Add +3.3%
BZH Beazer Homes USA Inc. 0.03% 695,937 $17.1M Add +3.1%
GHM Graham Corp. 0.03% 306,673 $16.8M Reduce -11.5%
BKD Brookdale Senior Living Inc. 0.03% 1,953,586 $16.5M Add +0.9%
LNC Lincoln National Corp. 0.03% 409,950 $16.5M Reduce -10.6%
PBF PBF Energy Inc. Class A 0.03% 547,546 $16.5M Add +7.9%
FN Fabrinet 0.03% 45,028 $16.4M Reduce -29.9%
OIS Oil States International Inc. filed as OIL STS INTL INC 0.03% 2,605,174 $15.8M Add +0.7%
KTOS Kratos Defense & Security 0.03% 170,063 $15.5M Reduce -39.5%
LPX Louisiana-Pacific Corp. 0.03% 173,916 $15.5M Add +7.7%
IIIN Insteel Industries Inc. 0.03% 402,254 $15.4M Reduce -3.8%
TMHC Taylor Morrison Home Corp. 0.03% 231,334 $15.3M Add +4.3%
WRBY Warby Parker Inc. Class A 0.03% 549,641 $15.2M Reduce -2.0%
CMC Commercial Metals Co. 0.03% 264,249 $15.1M Add +1.1%
IBP Installed Building Products 0.03% 61,288 $15.1M Reduce -10.0%
OUT Outfront Media Inc. 0.03% 806,535 $14.8M Add +0.3%
VECO Veeco Instruments Inc. 0.03% 479,408 $14.6M Add +28.9%
AORT Artivion Inc. 0.03% 340,393 $14.4M Reduce -18.0%
ABCB Ameris Bancorp 0.03% 196,564 $14.4M Add +8.3%
ASTE Astec Industries Inc. 0.03% 298,150 $14.3M Add +2.1%
FOR Forestar Group Inc. 0.03% 537,269 $14.3M Add +3.3%
SIMO Silicon Motion Technol-ADR 0.03% 150,487 $14.3M Add +2.9%
UTI Universal Technical Institut 0.03% 437,480 $14.2M Add +8.3%
VSH Vishay Intertechnology Inc. 0.03% 920,114 $14.1M Add +9.2%
MAMA Mama's Creations Inc. 0.03% 1,337,614 $14.1M Add +1.6%
CCS Century Communities Inc. 0.03% 218,490 $13.8M Add +26.6%
WCC Wesco International Inc. 0.03% 65,208 $13.8M Reduce -9.4%
UNH Unitedhealth Group Inc. 0.02% 39,287 $13.6M Add +9.5%
DY Dycom Industries Inc. 0.02% 46,442 $13.5M Reduce -25.6%
NPO Enpro Inc. 0.02% 59,808 $13.5M Add +4.8%
MTDR Matador Resources Co. 0.02% 298,451 $13.4M Add +5.7%
OTIS Otis Worldwide Corp. 0.02% 143,699 $13.1M Add +52.9%
ACLS Axcelis Technologies Inc. 0.02% 130,358 $12.7M Add +78.6%
DEO Diageo PLC-Sponsored ADR 0.02% 132,978 $12.7M Add +90.3%
ONB Old National Bancorp 0.02% 576,798 $12.7M Add +2.5%
SBCF Seacoast Banking Corp. 0.02% 413,000 $12.6M Reduce -0.4%
TITN Titan Machinery Inc. 0.02% 749,563 $12.5M Add +0.3%
MGNI Magnite Inc. 0.02% 575,443 $12.5M Reduce -6.9%
LXU LSB Industries Inc. 0.02% 1,579,801 $12.4M Reduce -10.5%
WBS Webster Financial Corp. 0.02% 206,809 $12.3M Add +7.8%
IDA Idacorp Inc. 0.02% 91,312 $12.1M Reduce -0.7%
ACA Arcosa Inc. 0.02% 128,412 $12.0M Reduce -1.6%
STNG Scorpio Tankers Inc. 0.02% 214,068 $12.0M Add +1.9%
ORI Old Republic Intl Corp. 0.02% 281,062 $11.9M Reduce -1.5%
AX Axos Financial Inc. 0.02% 139,748 $11.8M Add +3.4%
KALU Kaiser Aluminum Corp. 0.02% 153,240 $11.8M Add +1.3%
MTG Mgic Investment Corp. 0.02% 411,753 $11.7M Reduce -1.8%
VITL Vital Farms Inc. 0.02% 281,247 $11.6M Reduce -0.8%
HSTM Healthstream Inc. 0.02% 409,398 $11.6M Add +0.7%
LPG Dorian LPG Ltd. 0.02% 385,325 $11.5M Reduce -0.0%
MATV Mativ Holdings Inc. 0.02% 1,013,390 $11.5M Add +15.2%
TRS Trimas Corp. 0.02% 296,406 $11.5M Add +5.4%
GLNG Golar LNG Ltd. 0.02% 282,772 $11.4M Add +2.4%
ADTN Adtran Holdings Inc. 0.02% 1,209,207 $11.3M Add +6.7%
JBI Janus International Group Inc. 0.02% 1,134,681 $11.2M Add +2.8%
PNTG The Pennant Group Inc. 0.02% 442,199 $11.2M Add +3.6%
TRN Trinity Industries Inc. 0.02% 396,647 $11.1M Add +0.6%
UCTT Ultra Clean Holdings Inc. 0.02% 402,569 $11.0M Add +11.8%
FORM Formfactor Inc. 0.02% 301,169 $11.0M Add +7.0%
NVGS Navigator Holdings Ltd. 0.02% 697,119 $10.8M Add +1.1%
ATRO Astronics Corp. 0.02% 236,326 $10.8M Add +6.3%
AMWD American Woodmark Corp. 0.02% 159,300 $10.6M Add +20.4%
BLZE Backblaze Inc. Class A 0.02% 1,133,740 $10.5M Reduce -2.0%
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 0.02% 273,359 $10.5M Add +2.3%
THR Thermon Group Holdings Inc. 0.02% 391,978 $10.5M Add +12.3%
SM SM Energy Co. 0.02% 415,868 $10.4M Add +48.4%
THRY Thryv Holdings Inc. 0.02% 846,596 $10.2M Add +44.6%
ATEC Alphatec Holdings Inc. 0.02% 698,137 $10.2M Reduce -1.4%
BDC Belden Inc. 0.02% 83,706 $10.1M Add +1.7%
CENX Century Aluminum Company 0.02% 340,153 $10.0M Add +0.6%
PWP Perella Weinberg Partners 0.02% 467,792 $10.0M Add +15.2%
UMH Umh Properties Inc. filed as UMH PPTYS INC 0.02% 670,419 $10.0M Add +12.9%
GEOS Geospace Technologies Corp. 0.02% 522,864 $9.9M Add +2.6%
SPB Spectrum Brands Holdings Inc. 0.02% 188,672 $9.9M Add +2.9%
CIEN Ciena Corp. 0.02% 67,400 $9.8M Reduce -43.0%
VIAV Viavi Solutions Inc. 0.02% 771,800 $9.8M Reduce -2.3%
FIP Ftai Infrastructure Inc. 0.02% 2,226,353 $9.7M Add +28.1%
GSM Ferroglobe PLC 0.02% 2,100,772 $9.6M Add +1.7%
CHEF The Chefs' Warehouse Inc. 0.02% 162,473 $9.5M Add +0.3%
HCSG Healthcare Services Group 0.02% 560,148 $9.4M Reduce -6.5%
VLY Valley National Bancorp 0.02% 885,800 $9.4M Add +0.2%
RDN Radian Group Inc. 0.02% 255,988 $9.3M Reduce -1.9%
BHE Benchmark Electronics Inc. 0.02% 238,469 $9.2M Add +6.0%
MUR Murphy Oil Corp. 0.02% 322,500 $9.2M Add +0.3%
AOSL Alpha & Omega Semiconductor 0.02% 326,608 $9.1M Reduce -0.8%
SRTA Strata Critical Medical Inc. 0.02% 1,793,351 $9.1M Add +32.5%
JBTM JBT Marel Corp. 0.02% 64,023 $9.0M Add +0.2%
UTZ Utz Brands Inc. 0.02% 725,530 $8.8M Add +13.3%
PKOH Park-Ohio Holdings Corp. 0.02% 414,070 $8.8M Add +7.3%
WSR Whitestone REIT 0.02% 713,749 $8.8M Reduce -12.0%
AVNW Aviat Networks Inc. 0.02% 380,356 $8.7M Add +0.5%
SAH Sonic Automotive Inc. Class A 0.02% 113,116 $8.6M Add +0.8%
SKY Champion Homes Inc. 0.02% 111,524 $8.5M Add +26.0%
DENN Denny's Corp. 0.02% 1,621,590 $8.5M Reduce -16.8%
STC Stewart Information Services 0.02% 115,017 $8.4M Reduce -4.4%
CARS Cars.com Inc. 0.02% 687,543 $8.4M Add +13.2%
NGS Natural Gas Services Group 0.02% 299,739 $8.4M Add +0.2%
MTW Manitowoc Company Inc. 0.02% 834,869 $8.4M Add +2.0%
HLIT Harmonic Inc. 0.02% 818,376 $8.3M Add +23.7%
TMCI Treace Medical Concepts Inc. 0.02% 1,238,895 $8.3M Add +36.4%
BCC Boise Cascade Co. 0.02% 107,452 $8.3M Add +39.1%
INFU Infusystem Holdings Inc. 0.02% 801,871 $8.3M Reduce -11.9%
IPI Intrepid Potash Inc. 0.02% 270,674 $8.3M Reduce -32.0%
PENG Penguin Solutions Inc. 0.02% 314,944 $8.3M Add +2.0%
CXM Sprinklr Inc. Class A 0.02% 1,071,681 $8.3M Add +41.8%
OGS One Gas Inc. 0.01% 101,564 $8.2M Add +0.5%
VPG Vishay Precision Group 0.01% 247,192 $7.9M Add +10.5%
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 0.01% 262,352 $7.8M Add +0.9%
AXGN Axogen Inc. 0.01% 431,843 $7.7M Add +142.7%
KRE SS SPDR S&P Regional Bank 0.01% 121,619 $7.7M New
BRK.B Berkshire Hathaway Inc. Class B 0.01% 15,310 $7.7M Reduce -18.9%
OSIS Osi Systems Inc. 0.01% 30,864 $7.7M Add +33.0%
AXS Axis Capital Holdings Ltd. 0.01% 79,949 $7.7M Reduce -41.8%
BKH Black Hills Corp. 0.01% 123,670 $7.6M Reduce -13.2%
MTRX Matrix Service Co. 0.01% 581,874 $7.6M Add +14.3%
SMHI Seacor Marine Holdings Inc. 0.01% 1,135,194 $7.4M Reduce -0.2%
ETD Ethan Allen Interiors Inc. 0.01% 247,461 $7.3M Add +11.6%
LFST Lifestance Health Group Inc. 0.01% 1,320,466 $7.3M Add +9.0%
LOCO El Pollo Loco Holdings Inc. 0.01% 741,793 $7.2M Add +2.1%
FIVN FIVE9 Inc. 0.01% 295,500 $7.2M New
QNST Quinstreet Inc. 0.01% 460,874 $7.1M Reduce -36.5%
SIBN Si-Bone Inc. 0.01% 484,261 $7.1M Add +36.6%
AVAH Aveanna Healthcare Holdings 0.01% 791,667 $7.0M Reduce -2.3%
ASYS Amtech Systems Inc. 0.01% 752,346 $7.0M Reduce -6.0%
HZO Marinemax Inc. 0.01% 272,935 $6.9M Add +13.6%
CDNA Caredx Inc. 0.01% 475,146 $6.9M Add +25.4%
LYTS Lsi Industries Inc. 0.01% 290,422 $6.9M Reduce -6.3%
RDNT Radnet Inc. 0.01% 89,536 $6.8M Add +72.0%
GXO Gxo Logistics Inc. 0.01% 128,446 $6.8M Reduce -0.8%
CON Concentra Group Holdings Par 0.01% 323,706 $6.8M Reduce -0.2%
CUBI Customers Bancorp Inc. 0.01% 101,217 $6.6M Add +1.5%
EVER Everquote Inc. Class A 0.01% 288,457 $6.6M Reduce -1.0%
DGII Digi International Inc. 0.01% 178,409 $6.5M Add +0.8%
TKR Timken Co. 0.01% 86,003 $6.5M Add +27.4%
MNRO Monro Inc. 0.01% 352,000 $6.3M Add +10.2%
PEP Pepsico Inc. 0.01% 44,730 $6.3M Reduce -0.9%
LXFR Luxfer Holdings PLC 0.01% 438,056 $6.1M Reduce -2.5%
SDHC Smith Douglas Homes Corp. 0.01% 331,674 $5.9M Add +38.0%
SKT Tanger Inc. 0.01% 172,969 $5.9M Reduce -4.7%
AVT Avnet Inc. 0.01% 111,856 $5.8M Reduce -17.8%
NX Quanex Building Products 0.01% 407,687 $5.8M Add +30.2%
GT Goodyear Tire & Rubber Co. 0.01% 774,948 $5.8M Reduce -0.2%
MC Moelis & Co. Class A 0.01% 79,851 $5.7M Add +0.4%
NCMI National Cinemedia Inc. 0.01% 1,260,322 $5.7M Reduce -23.4%
ALTG Alta Equipment Group Inc. 0.01% 782,591 $5.7M Reduce -1.2%
JOUT Johnson Outdoors Inc. Class A 0.01% 139,788 $5.6M Add +5.1%
REPX Riley Exploration Permian Inc. 0.01% 207,648 $5.6M Reduce -0.2%
ROG Rogers Corp. 0.01% 69,793 $5.6M New
EMBC Embecta Corp. 0.01% 396,594 $5.6M Add +1.7%
NTCT Netscout Systems Inc. 0.01% 209,202 $5.4M Add +1.4%
PHLT Performant Healthcare Inc. 0.01% 697,800 $5.4M Reduce -74.2%
SANM Sanmina Corp. 0.01% 46,708 $5.4M Reduce -35.6%
TTAM Titan America SA 0.01% 355,610 $5.3M Add +38.7%
MASS 908 Devices Inc. 0.01% 603,962 $5.3M Add +125.9%
RXO Rxo Inc. 0.01% 343,975 $5.3M Add +8.2%
TALK Talkspace Inc. 0.01% 1,890,630 $5.2M Add +18.1%
PR Permian Resources Corp. Class A 0.01% 404,651 $5.2M Reduce -29.1%
CAKE The Cheesecake Factory Inc. 0.01% 94,791 $5.2M Reduce -23.6%
METCB Ramaco Resources Inc. Class B 0.01% 305,834 $5.2M New
ASPS Altisource Portfolio Sol 0.01% 437,472 $5.1M Reduce -6.9%
SMWB Similarweb Ltd. 0.01% 545,001 $5.1M Add +221.5%
COHU Cohu Inc. 0.01% 248,146 $5.0M Add +20.9%
CTOS Custom Truck One Source Inc. 0.01% 774,436 $5.0M Add +38.7%
MEC Mayville Engineering Co. Inc. 0.01% 354,575 $4.9M Add +0.1%
NTGR Netgear Inc. 0.01% 150,393 $4.9M Add +27.6%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.01% 142,400 $4.7M Add +2.3%
KODK Eastman Kodak Co. 0.01% 734,433 $4.7M Add +46.0%
TWI Titan International Inc. 0.01% 622,251 $4.7M Add +0.3%
DOUG Douglas Elliman Inc. 0.01% 1,625,871 $4.6M Add +1.8%
BBNX Beta Bionics Inc. 0.01% 233,202 $4.6M New
VSEC Vse Corp. 0.01% 27,772 $4.6M Reduce -22.1%
KOS Kosmos Energy Ltd. 0.01% 2,747,831 $4.6M Add +34.1%
AIR Aar Corp. 0.01% 50,319 $4.5M Reduce -4.8%
ONEW Onewater Marine Inc. Class A 0.01% 277,293 $4.4M Add +10.4%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.01% 68,331 $4.3M Reduce -71.6%
XRX Xerox Holdings Corp. 0.01% 1,152,500 $4.3M New
NVST Envista Holdings Corp. 0.01% 212,500 $4.3M New
ASIX Advansix Inc. 0.01% 222,024 $4.3M No change
CLW Clearwater Paper Corp. 0.01% 207,058 $4.3M Add +9.2%
SVCO Silvaco Group Inc. 0.01% 774,938 $4.2M Add +0.1%
STKL Sunopta Inc. 0.01% 709,750 $4.2M Add +21.0%
MHO M/I Homes Inc. 0.01% 28,605 $4.1M New
HNGE Hinge Health Inc. Class A 0.01% 83,000 $4.1M New
DV Doubleverify Holdings Inc. 0.01% 337,500 $4.0M New
INTT Intest Corp. 0.01% 517,611 $4.0M Reduce -10.7%
ZIMV Zimvie Inc. 0.01% 213,182 $4.0M Reduce -50.4%
TILE Interface Inc. 0.01% 137,543 $4.0M Reduce -5.5%
LAKE Lakeland Industries Inc. 0.01% 267,756 $4.0M Reduce -4.0%
RBBN Ribbon Communications Inc. 0.01% 1,033,914 $3.9M Add +0.8%
TFX Teleflex Inc. 0.01% 32,000 $3.9M New
QXO Qxo Inc. 0.01% 199,500 $3.8M Add +42.0%
HOFT Hooker Furnishings Corp. 0.01% 364,973 $3.7M Add +15.0%
STRW Strawberry Fields REIT Inc. 0.01% 300,384 $3.7M Add +3.2%
AEBI Aebi Schmidt Holding AG 0.01% 294,489 $3.7M Add +13.8%
TIC Tic Solutions Inc. filed as ACUREN CORP 0.01% 274,580 $3.7M Reduce -19.1%
FLYW Flywire Corp.-Voting 0.01% 267,989 $3.6M Add +130.1%
ASPN Aspen Aerogels Inc. 0.01% 517,323 $3.6M New
DNOW Dnow Inc. 0.01% 233,530 $3.6M Add +5.0%
MTN Vail Resorts Inc. 0.01% 23,769 $3.6M No change
HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I 0.01% 529,358 $3.5M Add +45.3%
ACCO Acco Brands Corp. 0.01% 865,369 $3.5M Add +0.2%
BBCP Concrete Pumping Holdings Inc. 0.01% 484,905 $3.4M Add +15.5%
PGNY Progyny Inc. 0.01% 151,700 $3.3M No change
VMD Viemed Healthcare Inc. 0.01% 477,844 $3.2M Add +4.9%
PRGO Perrigo Co. PLC 0.01% 143,405 $3.2M Reduce -1.7%
AIN Albany Intl Corp. Class A 0.01% 59,000 $3.1M New
ANGO Angiodynamics Inc. 0.01% 277,335 $3.1M Reduce -9.2%
CIA Citizens Inc. 0.01% 588,750 $3.1M Reduce -1.7%
NPKI NPK International Inc. 0.01% 272,121 $3.1M Reduce -34.8%
MAC The Macerich Co. 0.01% 168,710 $3.1M Reduce -25.5%
RLGT Radiant Logistics Inc. 0.01% 511,301 $3.0M Reduce -1.4%
CLAR Clarus Corp. 0.01% 855,475 $3.0M Reduce -10.7%
MTRN Materion Corp. 0.01% 24,500 $3.0M New
POWW Outdoor Holding Co. 0.01% 1,916,370 $2.8M Reduce -0.2%
GD General Dynamics Corp. 0.00% 7,297 $2.5M No change
PUMP Propetro Holding Corp. 0.00% 453,333 $2.4M Reduce -2.3%
AIRG Airgain Inc. 0.00% 505,736 $2.2M Reduce -3.2%
SBUX Starbucks Corp. 0.00% 25,769 $2.2M Reduce -0.9%
AVBH Avidbank Holdings Inc. 0.00% 85,000 $2.2M New
INSG Inseego Corp. 0.00% 140,850 $2.1M New
NATR Natures Sunshine Prods Inc. 0.00% 120,000 $1.9M Reduce -7.7%
PLAY Dave & Buster's Entertainmen 0.00% 101,000 $1.8M New
TTSH Tile Shop Hldgs Inc. 0.00% 297,172 $1.8M Add +0.7%
AMBQ Ambiq Micro Inc. 0.00% 58,900 $1.8M New
FOSL Fossil Group Inc. 0.00% 641,557 $1.6M Reduce -15.7%
RES RPC Inc. 0.00% 334,149 $1.6M Add +1.8%
THC Tenet Healthcare Corp. 0.00% 7,533 $1.5M Reduce -24.1%
HLLY Holley Inc. 0.00% 485,297 $1.5M Add +2.1%
SDRL Seadrill Limited 0.00% 49,100 $1.5M Reduce -39.1%
PROF Profound Medical Corp. 0.00% 291,391 $1.5M Add +138.8%
EVR Evercore Inc. Class A 0.00% 4,090 $1.4M Reduce -23.4%
CRNT Ceragon Networks Ltd. 0.00% 589,560 $1.4M Reduce -0.2%
MRVI Maravai Lifesciences Hldgs-A 0.00% 450,931 $1.3M New
FEOE First Eagle Overseas Eq ETF 0.00% 27,780 $1.3M No change
CAH Cardinal Health Inc. 0.00% 7,829 $1.2M Reduce -21.5%
FEGE First Eagle GL Equity ETF 0.00% 27,635 $1.2M No change
KVHI KVH Industries Inc. 0.00% 211,826 $1.2M Add +7.9%
ARQ Arq Inc. 0.00% 160,731 $1.2M New
SMBK Smartfinancial Inc. 0.00% 32,000 $1.1M New
PAL Proficient Auto Logistics Inc. 0.00% 165,469 $1.1M Reduce -68.0%
FLEX Flex Ltd. 0.00% 19,448 $1.1M Reduce -18.0%
RKT Rocket Cos Inc. Class A 0.00% 57,700 $1.1M Reduce -13.5%
PWR Quanta Services Inc. 0.00% 2,618 $1.1M Reduce -27.0%
LAW CS Disco Inc. 0.00% 163,846 $1.1M New
NVT Nvent Electric PLC 0.00% 10,600 $1.0M Add +31.6%
COLB Columbia Banking System Inc. 0.00% 40,000 $1.0M New
PACK Ranpak Holdings Corp. 0.00% 182,786 $1.0M New
CW Curtiss-Wright Corp. 0.00% 1,756 $953K Reduce -20.2%
EXE Expand Energy Corp. 0.00% 8,974 $953K Reduce -17.6%
COHR Coherent Corp. 0.00% 8,801 $948K Reduce -17.0%
GNRC Generac Holdings Inc. 0.00% 5,235 $876K Reduce -31.8%
PFGC Performance Food Group Co. 0.00% 8,400 $874K Reduce -16.9%
HLI Houlihan Lokey Inc. 0.00% 4,202 $863K Reduce -15.9%
GTLS Chart Industries Inc. 0.00% 4,280 $857K Reduce -43.1%
TXRH Texas Roadhouse Inc. 0.00% 4,915 $817K Reduce -14.2%
UEIC Universal Electronics Inc. 0.00% 166,436 $776K Reduce -4.9%
DGX Quest Diagnostics Inc. 0.00% 3,835 $731K Reduce -32.7%
SN Sharkninja Inc. 0.00% 7,000 $722K Add +170.4%
DAL Delta Air Lines Inc. 0.00% 12,694 $720K Reduce -21.6%
KD Kyndryl Holdings Inc. 0.00% 23,600 $709K Add +164.0%
EXEL Exelixis Inc. 0.00% 16,271 $672K Reduce -21.3%
ACN Accenture PLC Class A 0.00% 2,573 $635K Reduce -0.9%
ROKU Roku Inc. 0.00% 6,200 $621K New
SND Smart Sand Inc. 0.00% 286,483 $613K Add +3.8%
WMS Advanced Drainage Systems Inc. 0.00% 4,100 $569K New
LTRX Lantronix Inc. 0.00% 123,297 $563K Reduce -56.7%
CASY Casey's General Stores Inc. 0.00% 993 $561K Reduce -30.1%
TRVG Trivago NV - ADR 0.00% 167,619 $559K New
ALM Almonty Industries Inc. 0.00% 90,000 $543K New
INGR Ingredion Inc. 0.00% 4,382 $535K Reduce -94.3%
CIGI Colliers Intl GR-Subord Vot 0.00% 3,408 $532K New
LAD Lithia Motors Inc. 0.00% 1,644 $520K Reduce -12.5%
LII Lennox International Inc. 0.00% 977 $517K Reduce -26.5%
ENTG Entegris Inc. 0.00% 5,500 $509K New
XPO Xpo Inc. 0.00% 3,885 $502K Reduce -22.0%
ARMK Aramark 0.00% 12,485 $479K Reduce -23.5%
CRH CRH PLC 0.00% 3,735 $446K Reduce -7.8%
TOL Toll Brothers Inc. 0.00% 3,091 $427K Reduce -26.0%
FVR Frontview REIT Inc. 0.00% 30,000 $411K New
RJF Raymond James Financial Inc. 0.00% 2,343 $404K Reduce -37.0%
PHM Pultegroup Inc. 0.00% 2,914 $385K Add +35.5%
JHX James Hardie Ind PLC 0.00% 19,676 $378K New
TRMB Trimble Inc. 0.00% 4,503 $368K Reduce -2.0%
SLP Simulations Plus Inc. 0.00% 22,880 $345K New
EQIX Equinix Inc. 0.00% 429 $336K Add +398.8%
DOV Dover Corp. 0.00% 2,014 $336K Reduce -64.6%
DECK Deckers Outdoor Corp. 0.00% 3,225 $327K Reduce -59.1%
ONTO Onto Innovation Inc. 0.00% 2,500 $323K New
BSM Black Stone Minerals LP 0.00% 22,260 $292K Add +52.8%
UGI Ugi Corp. 0.00% 8,681 $289K Add +0.8%
D Dominion Energy Inc. 0.00% 4,622 $283K Add +0.8%
DCI Donaldson Co. Inc. 0.00% 3,200 $262K Reduce -71.5%
WD Walker & Dunlop Inc. 0.00% 3,092 $259K Reduce -72.1%
RHP Ryman Hospitality Properties 0.00% 2,800 $251K New
DINO HF Sinclair Corp. 0.00% 4,491 $235K Reduce -44.2%
IAU iShares Gold Trust 0.00% 3,121 $227K Add +2.1%
RS Reliance Inc. 0.00% 799 $224K Add +0.8%
ENSG The Ensign Group Inc. 0.00% 1,225 $212K Reduce -79.0%
TAC Transalta Corp. 0.00% 15,474 $211K Add +0.8%
WMB Williams Cos Inc. 0.00% 3,215 $204K Add +0.8%
CP Canadian Pacific Kansas City 0.00% 2,464 $183K Add +0.7%
CBZ Cbiz Inc. 0.00% 3,237 $171K New
CNI Canadian Natl Railway Co. 0.00% 1,780 $168K Add +0.8%
ZBH Zimmer Biomet Holdings Inc. 0.00% 1,636 $161K Reduce -65.4%
RPM RPM International Inc. 0.00% 1,315 $155K Reduce -99.5%
EGP Eastgroup Properties Inc. 0.00% 838 $142K Add +0.8%
LUV Southwest Airlines Co. 0.00% 4,000 $128K Reduce -60.7%
COTY Coty Inc. Class A 0.00% 28,074 $113K Reduce -56.3%
RH RH 0.00% 375 $76K Reduce -36.8%
AWK American Water Works Co. Inc. 0.00% 458 $64K Add +0.9%
Other holdings (4): bonds, preferreds, convertibles and warrants · $57.0M (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 24,541$31.4MNo change
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 20,691$25.5MNo change
ASPSW Altisource Portfolio - 30 *W EXP 04/30/203 2,834$2KNew
ASPSZ Altisource Portfolio - 29C *W EXP 04/02/202 2,834$2KNew

Total filed on the 13F, all lines: $54.9B.

Portfolio Sells Q2 2025 → Q3 2025

PM Philip Morris International Reduce -14.2% 1.81% −0.79
META Meta Platforms Inc. Class A Reduce -0.0% 4.46% −0.47
FLS Flowserve Corp. Sold out 0.00% −0.41
TXN Texas Instruments Inc. Reduce -6.2% 1.22% −0.39
RGLD Royal Gold Inc. Reduce -32.8% 0.82% −0.37
ORCL Oracle Corp. Reduce -20.7% 4.53% −0.35
FMX Fomento Economico Mex-SP ADR Reduce -0.0% 2.25% −0.33
MAG Mag Silver Corp. Sold out 0.00% −0.33
ABEV Ambev SA-ADR Reduce -0.0% 1.38% −0.26
BNY Bank of New York Mellon Corp. Reduce -17.9% 2.05% −0.24
KHC The Kraft Heinz Co. Sold out 0.00% −0.21
AXP American Express Co. Reduce -10.8% 1.04% −0.19
HCA HCA Healthcare Inc. Reduce -6.9% 3.04% −0.19
BRK.A Berkshire Hathaway Inc. Class A Reduce -12.3% 0.78% −0.17
ADI Analog Devices Inc. Reduce -9.5% 0.91% −0.16
NTR Nutrien Ltd. Reduce -0.2% 1.42% −0.13
XRAY Dentsply Sirona Inc. Reduce -0.1% 0.33% −0.12
DE Deere & Co. Reduce -0.1% 0.43% −0.10
WY Weyerhaeuser Co. Reduce -0.1% 0.64% −0.09
CSL Carlisle Cos Inc. Reduce -0.1% 0.32% −0.08
RPM RPM International Inc. Reduce -99.5% 0.00% −0.06
EXR Extra Space Storage Inc. Reduce -0.4% 0.41% −0.06
SNY Sanofi-ADR Sold out 0.00% −0.03
KMPR Kemper Corp. Sold out 0.00% −0.03
PBPB Potbelly Corp. Sold out 0.00% −0.02
DEI Douglas Emmett Inc. Reduce -0.2% 0.37% −0.02
AL Sumisho Air Lease Corp. Reduce -71.6% 0.01% −0.02
INGR Ingredion Inc. Reduce -94.3% 0.00% −0.02
MOS The Mosaic Co. Sold out 0.00% −0.02
RELY Remitly Global Inc. Sold out 0.00% −0.02
FERG Ferguson Enterprises Inc. Reduce -0.1% 0.25% −0.02
AXS Axis Capital Holdings Ltd. Reduce -41.8% 0.01% −0.01
AHCO Adapthealth Corp. Sold out 0.00% −0.01
PTLO Portillo's Inc. Class A Sold out 0.00% −0.01
IPI Intrepid Potash Inc. Reduce -32.0% 0.02% −0.01
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -8.3% 0.07% −0.01
CRS Carpenter Technology Sold out 0.00% −0.01
SEM Select Medical Holdings Corp. Sold out 0.00% −0.01
TROX Tronox Holdings PLC Sold out 0.00% −0.01
ICHR Ichor Holdings Ltd. Sold out 0.00% −0.01
PHLT Performant Healthcare Inc. Reduce -74.2% 0.01% −0.01
SHOE Shoe Station Group Inc. Sold out 0.00% −0.01
QNST Quinstreet Inc. Reduce -36.5% 0.01% −0.01
EPD Enterprise Products Partners Reduce -0.1% 0.11% −0.01
FN Fabrinet Reduce -29.9% 0.03% −0.01
DRS Leonardo DRS Inc. Sold out 0.00% −0.01
FSLY Fastly Inc. Class A Sold out 0.00% −0.01
SHOO Steven Madden Ltd. Sold out 0.00% −0.01
NWE Northwestern Energy Group Inc. Sold out 0.00% −0.01
TIC Tic Solutions Inc. Reduce -19.1% 0.01% −0.01

Portfolio Buys Q2 2025 → Q3 2025

WDAY Workday Inc. Class A New 1.01% +1.01
OMC Omnicom Group New 0.94% +0.94
GOOG Alphabet Inc. Class C Add +0.2% 3.34% +0.67
FNV Franco-Nevada Corp. Add +26.4% 1.64% +0.59
BDX Becton Dickinson and Co. Add +13.8% 3.41% +0.38
TSM Taiwan Semiconductor-SP ADR Add +0.1% 3.41% +0.37
PAAS Pan American Silver Corp. New 0.32% +0.32
GLD SPDR Gold Shares Add +2.7% 1.64% +0.14
GFI Gold Fields Ltd.-Spons ADR Add +0.1% 0.27% +0.10
NG Novagold Resources Inc. Add +0.1% 0.19% +0.09
AU Anglogold Ashanti PLC Add +0.1% 0.26% +0.08
BIO Bio-Rad Laboratories-A Add +0.1% 1.29% +0.07
AGI Alamos Gold Inc. Class A Add +0.1% 0.40% +0.06
CHTR Charter Communications Inc. Class A Add +79.3% 0.68% +0.06
UHS Universal Health Services-B Add +0.0% 1.72% +0.04
IPGP Ipg Photonics Corp. Add +0.2% 0.65% +0.03
BTG B2GOLD Corp. Add +0.1% 0.12% +0.02
BTI British American Tob-SP ADR Add +14.2% 0.12% +0.02
KRE SS SPDR S&P Regional Bank New 0.01% +0.01
ACLS Axcelis Technologies Inc. Add +78.6% 0.02% +0.01
FIVN FIVE9 Inc. New 0.01% +0.01
VECO Veeco Instruments Inc. Add +28.9% 0.03% +0.01
AXGN Axogen Inc. Add +142.7% 0.01% +0.01
ROG Rogers Corp. New 0.01% +0.01
OKE Oneok Inc. Add +24.2% 1.03% +0.01
METCB Ramaco Resources Inc. Class B New 0.01% +0.01
DEO Diageo PLC-Sponsored ADR Add +90.3% 0.02% +0.01
MATV Mativ Holdings Inc. Add +15.2% 0.02% +0.01
BBNX Beta Bionics Inc. New 0.01% +0.01
PBF PBF Energy Inc. Class A Add +7.9% 0.03% +0.01
NVST Envista Holdings Corp. New 0.01% +0.01
XRX Xerox Holdings Corp. New 0.01% +0.01
MHO M/I Homes Inc. New 0.01% +0.01
DV Doubleverify Holdings Inc. New 0.01% +0.01
HNGE Hinge Health Inc. Class A New 0.01% +0.01
TFX Teleflex Inc. New 0.01% +0.01
ASPN Aspen Aerogels Inc. New 0.01% +0.01
SMWB Similarweb Ltd. Add +221.5% 0.01% +0.01
RDNT Radnet Inc. Add +72.0% 0.01% +0.01
CENX Century Aluminum Company Add +0.6% 0.02% +0.01
CCS Century Communities Inc. Add +26.6% 0.03% +0.01
MASS 908 Devices Inc. Add +125.9% 0.01% +0.01
AIN Albany Intl Corp. Class A New 0.01% +0.01
SRTA Strata Critical Medical Inc. Add +32.5% 0.02% +0.01
MTRN Materion Corp. New 0.01% +0.01
STNG Scorpio Tankers Inc. Add +1.9% 0.02% +0.01
OTIS Otis Worldwide Corp. Add +52.9% 0.02% +0.01
AMWD American Woodmark Corp. Add +20.4% 0.02% +0.01
FOR Forestar Group Inc. Add +3.3% 0.03% +0.01
EYE National Vision Holdings Inc. Add +3.3% 0.03% +0.01

Options Activity Q2 2025 → Q3 2025

HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Sold out 12,000,000 $967.8Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q2 2025 → Q3 2025

ASPSW Altisource Portfolio - 30 *W EXP 04/30/203 New 2,834 $2K
ASPSZ Altisource Portfolio - 29C *W EXP 04/02/202 New 2,834 $2K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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