First Eagle Investment Management 13F, Q3 2025
First Eagle · quarter ending 30 September 2025 · filed 12 November 2025 · SEC CIK 1325447
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
The 25 largest of 404 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| ORACLE CORP | ORCL | $2.49B | 4.5% | -21% shares |
| META PLATFORMS INC | META | $2.45B | 4.5% | unchanged |
| WHEATON PRECIOUS METALS CORP | WPM | $1.92B | 3.5% | -5% shares |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $1.87B | 3.4% | unchanged |
| BECTON DICKINSON & CO | BDX | $1.87B | 3.4% | +14% shares |
| ALPHABET INC | GOOG | $1.83B | 3.3% | unchanged |
| IMPERIAL OIL LTD | IMO | $1.83B | 3.3% | unchanged |
| HCA HEALTHCARE INC | HCA | $1.67B | 3.0% | -7% shares |
| WILLIS TOWERS WATSON PLC LTD | $1.47B | 2.7% | unchanged | |
| C H ROBINSON WORLDWIDE INC | CHRW | $1.40B | 2.5% | unchanged |
| NEWMONT CORP | NEM | $1.32B | 2.4% | -9% shares |
| ELEVANCE HEALTH INC FORMERLY | ELV | $1.29B | 2.4% | +25% shares |
| BARRICK MNG CORP | B | $1.27B | 2.3% | -2% shares |
| FOMENTO ECONOMICO MEXICANO S | FMX | $1.23B | 2.3% | unchanged |
| COMCAST CORP NEW | CMCSA | $1.13B | 2.1% | unchanged |
| BANK NEW YORK MELLON CORP | BNY | $1.12B | 2.0% | -18% shares |
| PHILIP MORRIS INTL INC | PM | $992.88M | 1.8% | -14% shares |
| SCHLUMBERGER LTD | SLB | $946.68M | 1.7% | unchanged |
| UNIVERSAL HLTH SVCS INC | UHS | $944.75M | 1.7% | unchanged |
| MEDTRONIC PLC | $927.17M | 1.7% | unchanged | |
| FRANCO NEV CORP | FNV | $901.09M | 1.6% | +26% shares |
| SPDR GOLD TR | GLD | $899.76M | 1.6% | +3% shares |
| AGNICO EAGLE MINES LTD | AEM | $885.49M | 1.6% | unchanged |
| EXXON MOBIL CORP | XOM | $878.82M | 1.6% | unchanged |
| SALESFORCE INC | CRM | $874.73M | 1.6% | +15% shares |
What changed since Q2 2025
Against the Q2 2025 filing, First Eagle Investment Management opened 44 new positions, added to 114, trimmed 117, left 129 unchanged and exited 31. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
and 36 more
Exited
- FLSwas $204.67M
- MAG SILVER CORPwas $165.81M
- KHCwas $102.62M
- SNYwas $17.18M
- KMPRwas $12.93M
- POTBELLY CORPwas $12.12M
- RELYwas $8.64M
- MOSwas $8.64M
and 23 more
Other quarters
Source: SEC Form 13F-HR, accession 0001325447-25-000039, 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.