First Eagle Investment Management 13F, Q2 2025
First Eagle · quarter ending 30 June 2025 · filed 6 August 2025 · SEC CIK 1325447
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 1 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q2 2025
The 25 largest of 391 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| META PLATFORMS INC | META | $2.46B | 4.9% | -6% shares |
| ORACLE CORP | ORCL | $2.44B | 4.9% | -9% shares |
| IMPERIAL OIL LTD | IMO | $1.63B | 3.3% | -3% shares |
| WHEATON PRECIOUS METALS CORP | WPM | $1.63B | 3.3% | -3% shares |
| HCA HEALTHCARE INC | HCA | $1.61B | 3.2% | -7% shares |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $1.52B | 3.0% | +19% shares |
| BECTON DICKINSON & CO | BDX | $1.51B | 3.0% | +59% shares |
| ALPHABET INC | GOOG | $1.33B | 2.7% | +5% shares |
| WILLIS TOWERS WATSON PLC LTD | $1.32B | 2.6% | -3% shares | |
| PHILIP MORRIS INTL INC | PM | $1.30B | 2.6% | -21% shares |
| FOMENTO ECONOMICO MEXICANO S | FMX | $1.29B | 2.6% | unchanged |
| COMCAST CORP NEW | CMCSA | $1.28B | 2.6% | unchanged |
| ELEVANCE HEALTH INC | ELV | $1.24B | 2.5% | unchanged |
| BANK NEW YORK MELLON CORP | BNY | $1.14B | 2.3% | -10% shares |
| C H ROBINSON WORLDWIDE INC | CHRW | $1.02B | 2.0% | unchanged |
| NEWMONT CORP | NEM | $997.50M | 2.0% | -3% shares |
| SCHLUMBERGER LTD | SLB | $930.55M | 1.9% | unchanged |
| SALESFORCE INC | CRM | $876.79M | 1.8% | +36% shares |
| MEDTRONIC PLC | $848.36M | 1.7% | unchanged | |
| EXXON MOBIL CORP | XOM | $840.10M | 1.7% | -11% shares |
| UNIVERSAL HLTH SVCS INC | UHS | $836.98M | 1.7% | unchanged |
| BARRICK MNG CORP | B | $822.06M | 1.6% | new |
| AMBEV SA | ABEV | $816.18M | 1.6% | unchanged |
| TEXAS INSTRS INC | TXN | $803.80M | 1.6% | +7% shares |
| NUTRIEN LTD | NTR | $772.74M | 1.6% | +14% shares |
What changed since Q1 2025
Against the Q1 2025 filing, First Eagle Investment Management opened 21 new positions, added to 139, trimmed 141, left 90 unchanged and exited 40. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- B$822.06M
- FERG$130.65M
- SIMO$10.99M
- FORM$9.68M
- CIEN$9.63M
- ACLS$5.09M
- TKR$4.90M
- ALTISOURCE PORTFOLIO SOLUTIO$4.01M
and 13 more
Exited
- BARRICK GOLD CORPwas $886.81M
- BROwas $239.06M
- ENOVwas $11.87M
- SRLNwas $9.15M
- BKLNwas $9.12M
- LGIHwas $8.60M
- WERNwas $8.38M
- FAFwas $8.28M
and 32 more
Other quarters
Source: SEC Form 13F-HR, accession 0001325447-25-000033, filed by First Eagle Investment Management, LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.