First Eagle Investment Management Portfolio
First Eagle Investment Management 13F filer (CIK 0001325447).
Q4 2021 · 347 positions · Total reported value $39.86B · Top-10 concentration 32.0%
Turnover: 37.6% · 39 new · 94 cut · 41 exited
Active Share (vs S&P 500): 88.5% · vs QQQ: 91.2% — share of the book that differs from index weights (higher = more active) · ranking
In its Q4 2021 13F filing, First Eagle Investment Management disclosed 347 equity positions with a combined reported value of $39.86B. The filing implies a moderately concentrated portfolio: its ten largest positions account for 32.0% of reported value. HoldingsHub classifies the profile as Large / High Turnover.
The largest disclosed positions as of Q4 2021 were ORCL ($2.24B), CMCSA ($1.48B), XOM ($1.46B). By sector, the heaviest allocations are Technology 23.2%, Financials 13.7%. Versus the prior quarter, allocation shifted toward Consumer Discretionary (+0.6pp) and away from Technology (-0.9pp).
Versus the prior quarter, First Eagle Investment Management opened 39 new positions, trimmed 94 and fully exited 41, a turnover rate of 37.6% of positions. The portfolio's overlap with the prior quarter was 79% of names.
Figures come from the fund's SEC Form 13F filing. 13F reports are filed within 45 days of quarter end and cover long positions of $100,000 or more; they exclude short positions and non-13F asset classes, so treat this page as a quarter-end snapshot rather than the fund's live book.
Sector Allocation
| # | Symbol | Company | Shares | Value | Weight | Change |
|---|---|---|---|---|---|---|
| 1 | ORCL | ORACLE CORP | 25.72M | $2.24B | 5.63% | Reduce |
| 2 | CMCSA | COMCAST CORP NEW | 29.39M | $1.48B | 3.71% | Hold |
| 3 | XOM | EXXON MOBIL CORP | 23.81M | $1.46B | 3.66% | Reduce |
| 4 | CHRW | C H ROBINSON WORLDWIDE INC | 10.59M | $1.14B | 2.86% | Add |
| 5 | META | META PLATFORMS INC. CLASS A | 3.37M | $1.13B | 2.84% | Reduce |
| 6 | WTW | WILLIS TOWERS WATSON PLC LTD | 4.74M | $1.13B | 2.82% | Hold |
| 7 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 9.27M | $1.12B | 2.80% | Reduce |
| 8 | NEM | NEWMONT CORP | 17.43M | $1.08B | 2.71% | Reduce |
| 9 | PM | PHILIP MORRIS INTL INC | 10.46M | $993.45M | 2.49% | Reduce |
| 10 | CL | COLGATE PALMOLIVE CO | 11.58M | $988.45M | 2.48% | Reduce |
| 11 | ELV | ELEVANCE HEALTH INC FORMERLY | 2.02M | $935.36M | 2.35% | Reduce |
| 12 | BK | BANK OF NY MELLON CORP | 15.98M | $928.25M | 2.33% | Reduce |
| 13 | MSFT | MICROSOFT CORP | 2.67M | $898.04M | 2.25% | Reduce |
| 14 | IMO | IMPERIAL OIL LTD | 24.73M | $891.89M | 2.24% | Reduce |
| 15 | NTR | NUTRIEN LTD | 11.35M | $853.26M | 2.14% | Reduce |
| 16 | SLB | SLB LIMITED | 26.83M | $803.55M | 2.02% | Reduce |
| 17 | WY | WEYERHAEUSER CO | 18.21M | $750.03M | 1.88% | Reduce |
| 18 | WPM | WHEATON PRECIOUS METALS CORP | 16.44M | $705.67M | 1.77% | Hold |
| 19 | AXP | AMERICAN EXPRESS CO | 4.23M | $691.35M | 1.74% | Reduce |
| 20 | GOOG | ALPHABET INC | 223.29K | $646.12M | 1.62% | Reduce |
| 21 | ABEV | AMBEV SA | 230.47M | $645.32M | 1.62% | Hold |
| 22 | GLD | SPDR GOLD TR | 3.74M | $638.87M | 1.60% | Reduce |
| 23 | TXN | TEXAS INSTRS INC | 3.32M | $625.24M | 1.57% | Reduce |
| 24 | HCA | HCA HEALTHCARE INC | 2.36M | $606.98M | 1.52% | Reduce |
| 25 | ADI | ANALOG DEVICES INC | 3.43M | $603.06M | 1.51% | Reduce |
| 26 | FMX | FOMENTO ECONOMICO MEXICANO S | 7.18M | $557.78M | 1.40% | Add |
| 27 | TDC | TERADATA CORP DEL | 13.03M | $553.40M | 1.39% | Reduce |
| 28 | BKNG | BOOKING HOLDINGS INC. | 225.18K | $540.26M | 1.36% | Reduce |
| 29 | GOOGL | ALPHABET INC | 186.05K | $539.00M | 1.35% | Reduce |
| 30 | UHS | UNIVERSAL HLTH SVCS INC | 4.10M | $531.49M | 1.33% | Add |
| 31 | USB | US BANCORP | 9.46M | $531.22M | 1.33% | Reduce |
| 32 | EQR | EQUITY RESIDENTIAL | 5.74M | $519.07M | 1.30% | Reduce |
| 33 | BRO | BROWN & BROWN INC | 7.28M | $511.43M | 1.28% | Reduce |
| 34 | GOLD | GOLD COM INC | 26.87M | $510.61M | 1.28% | Hold |
| 35 | BABA | ALIBABA GROUP HLDG LTD | 4.13M | $490.52M | 1.23% | Add |
| 36 | CRM | SALESFORCE INC | 1.91M | $484.93M | 1.22% | Reduce |
| 37 | TRV | TRAVELERS COMPANIES INC | 3.09M | $483.85M | 1.21% | Reduce |
| 38 | UNP | UNION PAC CORP | 1.90M | $478.50M | 1.20% | Reduce |
| 39 | DE | DEERE & CO | 1.39M | $476.11M | 1.20% | Reduce |
| 40 | NOV | NOV INC | 34.05M | $461.39M | 1.16% | Reduce |
| 41 | BRKA | BERKSHIRE HATHAWAY INC DEL | 1.00K | $452.01M | 1.13% | Reduce |
| 42 | WFC | WELLS FARGO & CO | 9.30M | $446.26M | 1.12% | Reduce |
| 43 | BDX | BECTON DICKINSON & CO | 1.68M | $423.26M | 1.06% | Add |
| 44 | CMI | CUMMINS INC | 1.91M | $416.55M | 1.04% | Reduce |
| 45 | SCHW | SCHWAB CHARLES CORP | 4.92M | $413.45M | 1.04% | Reduce |
| 46 | XRAY | DENTSPLY SIRONA INC | 7.18M | $400.80M | 1.01% | Add |
| 47 | WRB | BERKLEY W R CORP | 4.84M | $399.09M | 1.00% | Reduce |
| 48 | IPGP | IPG PHOTONICS CORPORATION | 2.30M | $396.42M | 0.99% | Add |
| 49 | UGI | UGI CORP NEW | 8.63M | $396.21M | 0.99% | Reduce |
| 50 | RGLD | ROYAL GOLD INC | 3.51M | $369.15M | 0.93% | Add |