First Eagle Investment Management 13F, Q4 2025
First Eagle · quarter ending 31 December 2025 · filed 4 February 2026 · SEC CIK 1325447
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2025
The 25 largest of 422 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| ALPHABET INC | GOOG | $2.31B | 4.1% | -2% shares |
| BECTON DICKINSON & CO | BDX | $2.26B | 4.0% | +17% shares |
| META PLATFORMS INC | META | $2.08B | 3.7% | -6% shares |
| WHEATON PRECIOUS METALS CORP | WPM | $1.81B | 3.2% | -10% shares |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $1.80B | 3.2% | -11% shares |
| HCA HEALTHCARE INC | HCA | $1.70B | 3.0% | -7% shares |
| ORACLE CORP | ORCL | $1.62B | 2.8% | -6% shares |
| IMPERIAL OIL LTD | IMO | $1.61B | 2.8% | -8% shares |
| C H ROBINSON WORLDWIDE INC | CHRW | $1.46B | 2.6% | -14% shares |
| ELEVANCE HEALTH INC FORMERLY | ELV | $1.41B | 2.5% | unchanged |
| BARRICK MNG CORP | B | $1.40B | 2.5% | -17% shares |
| WILLIS TOWERS WATSON PLC LTD | $1.40B | 2.5% | unchanged | |
| NEWMONT CORP | NEM | $1.37B | 2.4% | -12% shares |
| FOMENTO ECONOMICO MEXICANO S | FMX | $1.26B | 2.2% | unchanged |
| SALESFORCE INC | CRM | $1.14B | 2.0% | +17% shares |
| BANK NEW YORK MELLON CORP | BNY | $1.13B | 2.0% | -5% shares |
| COMCAST CORP NEW | CMCSA | $1.08B | 1.9% | unchanged |
| SLB LIMITED | SLB | $1.06B | 1.9% | unchanged |
| FRANCO NEV CORP | FNV | $1.06B | 1.9% | +27% shares |
| SPDR GOLD TR | GLD | $980.80M | 1.7% | -2% shares |
| EXPEDITORS INTL WASH INC | EXPD | $940.60M | 1.7% | unchanged |
| UNIVERSAL HLTH SVCS INC | UHS | $940.45M | 1.7% | -7% shares |
| MEDTRONIC PLC | $939.01M | 1.6% | unchanged | |
| EXXON MOBIL CORP | XOM | $933.10M | 1.6% | unchanged |
| WORKDAY INC | WDAY | $931.88M | 1.6% | +88% shares |
What changed since Q3 2025
Against the Q3 2025 filing, First Eagle Investment Management opened 54 new positions, added to 131, trimmed 113, left 124 unchanged and exited 36. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
and 46 more
Exited
- UNILEVER PLCwas $41.58M
- PBFwas $16.52M
- MTDRwas $13.41M
- AHQwas $10.63M
- BLZEwas $10.52M
- SMwas $10.38M
- ALPHA & OMEGA SEMICONDUCTORwas $9.13M
- SAHwas $8.61M
and 28 more
Other quarters
Source: SEC Form 13F-HR, accession 0001325447-26-000004, 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.