First Eagle Investment Management Portfolio
First Eagle Investment Management 13F filer (CIK 0001325447).
Q2 2023 · 382 positions · Total reported value $39.01B · Top-10 concentration 35.8%
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 Q2 2023 13F filing, First Eagle Investment Management disclosed 382 equity positions with a combined reported value of $39.01B. The filing implies a moderately concentrated portfolio: its ten largest positions account for 35.8% of reported value. HoldingsHub classifies the profile as Large / High Turnover.
The largest disclosed positions as of Q2 2023 were ORCL ($2.23B), META ($1.64B), XOM ($1.43B). By sector, the heaviest allocations are Technology 23.3%, Health Care 13.6%. Versus the prior quarter, allocation shifted toward Technology (+1.7pp), Health Care (+0.6pp) and away from Industrials (-0.8pp), Materials (-1.2pp).
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 87% 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 | 18.74M | $2.23B | 5.72% | Reduce |
| 2 | META | META PLATFORMS INC. CLASS A | 5.73M | $1.64B | 4.21% | Reduce |
| 3 | XOM | EXXON MOBIL CORP | 13.33M | $1.43B | 3.67% | Reduce |
| 4 | HCA | HCA HEALTHCARE INC | 4.56M | $1.38B | 3.54% | Reduce |
| 5 | CMCSA | COMCAST CORP NEW | 32.45M | $1.35B | 3.46% | Reduce |
| 6 | SLB | SLB LIMITED | 27.29M | $1.34B | 3.44% | Reduce |
| 7 | IMO | IMPERIAL OIL LTD | 24.04M | $1.23B | 3.15% | Hold |
| 8 | FMX | FOMENTO ECONOMICO MEXICANO S | 10.96M | $1.22B | 3.12% | Hold |
| 9 | WTW | WILLIS TOWERS WATSON PLC LTD | 4.96M | $1.17B | 3.00% | Hold |
| 10 | ABEV | AMBEV SA | 311.64M | $991.02M | 2.54% | Hold |
| 11 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 9.06M | $914.18M | 2.34% | Hold |
| 12 | CHRW | C H ROBINSON WORLDWIDE INC | 9.60M | $905.63M | 2.32% | Reduce |
| 13 | PM | PHILIP MORRIS INTL INC | 9.10M | $888.04M | 2.28% | Hold |
| 14 | WPM | WHEATON PRECIOUS METALS CORP | 20.35M | $879.68M | 2.25% | Hold |
| 15 | CL | COLGATE PALMOLIVE CO | 11.09M | $854.57M | 2.19% | Hold |
| 16 | GOOG | ALPHABET INC | 6.76M | $817.48M | 2.10% | Hold |
| 17 | ELV | ELEVANCE HEALTH INC FORMERLY | 1.81M | $802.01M | 2.06% | Add |
| 18 | NEM | NEWMONT CORP | 18.45M | $787.17M | 2.02% | Hold |
| 19 | UHS | UNIVERSAL HLTH SVCS INC | 4.69M | $739.34M | 1.90% | Reduce |
| 20 | BK | BANK OF NY MELLON CORP | 16.44M | $731.72M | 1.88% | Reduce |
| 21 | GOLD | GOLD COM INC | 42.24M | $715.13M | 1.83% | Hold |
| 22 | ADI | ANALOG DEVICES INC | 3.57M | $696.42M | 1.78% | Hold |
| 23 | TXN | TEXAS INSTRS INC | 3.65M | $656.66M | 1.68% | Hold |
| 24 | NOV | NOV INC | 37.01M | $593.60M | 1.52% | Reduce |
| 25 | EQR | EQUITY RESIDENTIAL | 8.89M | $586.40M | 1.50% | Add |
| 26 | GLD | SPDR GOLD TR | 3.31M | $584.47M | 1.50% | Add |
| 27 | IPGP | IPG PHOTONICS CORPORATION | 4.30M | $583.67M | 1.50% | Reduce |
| 28 | NTR | NUTRIEN LTD | 9.21M | $544.11M | 1.40% | Add |
| 29 | MSFT | MICROSOFT CORP | 1.57M | $535.91M | 1.37% | Reduce |
| 30 | CMI | CUMMINS INC | 2.05M | $502.04M | 1.29% | Hold |
| 31 | BRKA | BERKSHIRE HATHAWAY INC DEL | 962 | $498.13M | 1.28% | Reduce |
| 32 | MDT | MEDTRONIC PLC | 5.50M | $484.20M | 1.24% | Hold |
| 33 | WY | WEYERHAEUSER CO | 14.43M | $483.47M | 1.24% | Hold |
| 34 | BDX | BECTON DICKINSON & CO | 1.77M | $466.49M | 1.20% | Add |
| 35 | AXP | AMERICAN EXPRESS CO | 2.65M | $461.13M | 1.18% | Reduce |
| 36 | RGLD | ROYAL GOLD INC | 3.68M | $421.87M | 1.08% | Add |
| 37 | CRM | SALESFORCE INC | 1.98M | $419.23M | 1.07% | Hold |
| 38 | ROST | ROSS STORES INC | 3.72M | $417.14M | 1.07% | Reduce |
| 39 | GOOGL | ALPHABET INC | 3.47M | $415.29M | 1.06% | Reduce |
| 40 | FLS | FLOWSERVE CORP | 10.94M | $406.28M | 1.04% | Reduce |
| 41 | XRAY | DENTSPLY SIRONA INC | 9.74M | $389.63M | 1.00% | Hold |
| 42 | EXPD | EXPEDITORS INTERNATIONAL OF WASHINGTON INC. | 2.73M | $330.15M | 0.85% | Reduce |
| 43 | WMT | WALMART INC | 2.01M | $316.29M | 0.81% | Reduce |
| 44 | AEM | AGNICO EAGLE MINES LTD | 6.28M | $313.31M | 0.80% | Add |
| 45 | FNV | FRANCO NEV CORP | 2.19M | $311.76M | 0.80% | Add |
| 46 | USB | US BANCORP | 9.10M | $300.52M | 0.77% | Hold |
| 47 | BRO | BROWN & BROWN INC | 4.19M | $288.46M | 0.74% | Reduce |
| 48 | CCU | COMPANIA CERVECERIAS UNIDAS | 14.91M | $241.97M | 0.62% | Add |
| 49 | KHC | KRAFT HEINZ CO | 6.63M | $235.53M | 0.60% | Hold |
| 50 | DE | DEERE & CO | 536.30K | $217.30M | 0.56% | Reduce |