First Eagle Investment Management Portfolio
First Eagle Investment Management 13F filer (CIK 0001325447).
Q1 2023 · 387 positions · Total reported value $37.69B · Top-10 concentration 34.0%
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 Q1 2023 13F filing, First Eagle Investment Management disclosed 387 equity positions with a combined reported value of $37.69B. The filing implies a moderately concentrated portfolio: its ten largest positions account for 34.0% of reported value. HoldingsHub classifies the profile as Large / High Turnover.
The largest disclosed positions as of Q1 2023 were ORCL ($1.92B), XOM ($1.47B), SLB ($1.35B). By sector, the heaviest allocations are Technology 21.6%, Health Care 13.0%. Versus the prior quarter, allocation shifted toward Technology (+3.9pp), Consumer Staples (+0.6pp) and away from Energy (-0.6pp), Consumer Discretionary (-1.4pp).
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 91% 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 | 20.67M | $1.92B | 5.10% | Hold |
| 2 | XOM | EXXON MOBIL CORP | 13.44M | $1.47B | 3.91% | Hold |
| 3 | SLB | SLB LIMITED | 27.51M | $1.35B | 3.58% | Hold |
| 4 | CMCSA | COMCAST CORP NEW | 32.66M | $1.24B | 3.29% | Hold |
| 5 | META | META PLATFORMS INC. CLASS A | 5.80M | $1.23B | 3.26% | Hold |
| 6 | IMO | IMPERIAL OIL LTD | 23.96M | $1.22B | 3.23% | Hold |
| 7 | HCA | HCA HEALTHCARE INC | 4.59M | $1.21B | 3.21% | Reduce |
| 8 | WTW | WILLIS TOWERS WATSON PLC LTD | 4.95M | $1.15B | 3.05% | Hold |
| 9 | FMX | FOMENTO ECONOMICO MEXICANO S | 10.99M | $1.05B | 2.77% | Hold |
| 10 | CHRW | C H ROBINSON WORLDWIDE INC | 9.85M | $978.37M | 2.60% | Reduce |
| 11 | WPM | WHEATON PRECIOUS METALS CORP | 20.30M | $977.69M | 2.59% | Hold |
| 12 | NEM | NEWMONT CORP | 18.43M | $903.45M | 2.40% | Hold |
| 13 | PM | PHILIP MORRIS INTL INC | 9.14M | $888.54M | 2.36% | Hold |
| 14 | ABEV | AMBEV SA | 311.08M | $877.24M | 2.33% | Add |
| 15 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 9.04M | $841.03M | 2.23% | Hold |
| 16 | CL | COLGATE PALMOLIVE CO | 11.09M | $833.57M | 2.21% | Add |
| 17 | ELV | ELEVANCE HEALTH INC FORMERLY | 1.80M | $825.64M | 2.19% | Hold |
| 18 | GOLD | GOLD COM INC | 42.32M | $785.92M | 2.08% | Hold |
| 19 | BK | BANK OF NY MELLON CORP | 16.79M | $763.08M | 2.02% | Reduce |
| 20 | ADI | ANALOG DEVICES INC | 3.57M | $703.68M | 1.87% | Hold |
| 21 | GOOG | ALPHABET INC | 6.77M | $703.65M | 1.87% | Add |
| 22 | NOV | NOV INC | 37.20M | $688.53M | 1.83% | Hold |
| 23 | TXN | TEXAS INSTRS INC | 3.66M | $680.34M | 1.80% | Hold |
| 24 | MSFT | MICROSOFT CORP | 2.25M | $651.58M | 1.73% | Hold |
| 25 | NTR | NUTRIEN LTD | 8.52M | $629.21M | 1.67% | Hold |
| 26 | UHS | UNIVERSAL HLTH SVCS INC | 4.72M | $600.49M | 1.59% | Hold |
| 27 | GLD | SPDR GOLD TR | 2.95M | $538.33M | 1.43% | Reduce |
| 28 | IPGP | IPG PHOTONICS CORPORATION | 4.33M | $533.95M | 1.42% | Hold |
| 29 | EQR | EQUITY RESIDENTIAL | 8.78M | $526.60M | 1.40% | Add |
| 30 | CMI | CUMMINS INC | 2.06M | $491.40M | 1.30% | Hold |
| 31 | RGLD | ROYAL GOLD INC | 3.56M | $462.19M | 1.23% | Reduce |
| 32 | BRKA | BERKSHIRE HATHAWAY INC DEL | 967 | $450.24M | 1.20% | Reduce |
| 33 | MDT | MEDTRONIC PLC | 5.49M | $442.23M | 1.17% | Add |
| 34 | AXP | AMERICAN EXPRESS CO | 2.67M | $440.00M | 1.17% | Reduce |
| 35 | WY | WEYERHAEUSER CO | 14.48M | $436.19M | 1.16% | Hold |
| 36 | BDX | BECTON DICKINSON & CO | 1.73M | $427.71M | 1.14% | Hold |
| 37 | ROST | ROSS STORES INC | 3.78M | $400.79M | 1.06% | Reduce |
| 38 | CRM | SALESFORCE INC | 1.99M | $397.23M | 1.05% | Hold |
| 39 | XRAY | DENTSPLY SIRONA INC | 9.75M | $383.17M | 1.02% | Hold |
| 40 | FLS | FLOWSERVE CORP | 11.02M | $374.68M | 0.99% | Hold |
| 41 | GOOGL | ALPHABET INC | 3.53M | $366.61M | 0.97% | Hold |
| 42 | USB | US BANCORP | 9.14M | $329.51M | 0.87% | Reduce |
| 43 | AEM | AGNICO EAGLE MINES LTD | 6.24M | $318.06M | 0.84% | Add |
| 44 | FNV | FRANCO NEV CORP | 2.12M | $309.09M | 0.82% | Hold |
| 45 | EXPD | EXPEDITORS INTERNATIONAL OF WASHINGTON INC. | 2.75M | $302.99M | 0.80% | Hold |
| 46 | WMT | WALMART INC | 2.03M | $298.95M | 0.79% | Hold |
| 47 | BRO | BROWN & BROWN INC | 4.81M | $276.10M | 0.73% | Hold |
| 48 | KHC | KRAFT HEINZ CO | 6.64M | $256.80M | 0.68% | Hold |
| 49 | UGI | UGI CORP NEW | 7.37M | $256.25M | 0.68% | Reduce |
| 50 | CCU | COMPANIA CERVECERIAS UNIDAS | 14.71M | $229.91M | 0.61% | Hold |