First Eagle Investment Management Portfolio
First Eagle Investment Management 13F filer (CIK 0001325447).
Q3 2023 · 398 positions · Total reported value $38.60B · Top-10 concentration 36.0%
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 Q3 2023 13F filing, First Eagle Investment Management disclosed 398 equity positions with a combined reported value of $38.60B. The filing implies a moderately concentrated portfolio: its ten largest positions account for 36.0% of reported value. HoldingsHub classifies the profile as Large / High Turnover.
The largest disclosed positions as of Q3 2023 were ORCL ($1.97B), META ($1.70B), SLB ($1.57B). By sector, the heaviest allocations are Technology 22.0%, Health Care 12.3%. Versus the prior quarter, allocation shifted toward Other (+8.0pp), Energy (+1.5pp) and away from Consumer Staples (-0.7pp), Industrials (-0.8pp).
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 86% 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 | 18.57M | $1.97B | 5.10% | Reduce |
| 2 | META | META PLATFORMS INC. CLASS A | 5.67M | $1.70B | 4.41% | Reduce |
| 3 | SLB | SLB LIMITED | 26.90M | $1.57B | 4.06% | Reduce |
| 4 | XOM | EXXON MOBIL CORP | 13.19M | $1.55B | 4.02% | Reduce |
| 5 | CMCSA | COMCAST CORP NEW | 31.99M | $1.42B | 3.67% | Reduce |
| 6 | IMO | IMPERIAL OIL LTD | 22.18M | $1.37B | 3.54% | Reduce |
| 7 | FMX | FOMENTO ECONOMICO MEXICANO S | 10.86M | $1.18B | 3.07% | Reduce |
| 8 | WTW | WILLIS TOWERS WATSON PLC LTD | 5.41M | $1.13B | 2.93% | Add |
| 9 | HCA | HCA HEALTHCARE INC | 4.51M | $1.11B | 2.87% | Reduce |
| 10 | GOOG | ALPHABET INC | 6.69M | $881.73M | 2.28% | Reduce |
| 11 | WPM | WHEATON PRECIOUS METALS CORP | 21.00M | $851.48M | 2.21% | Add |
| 12 | PM | PHILIP MORRIS INTL INC | 9.05M | $837.68M | 2.17% | Reduce |
| 13 | CHRW | C H ROBINSON WORLDWIDE INC | 9.42M | $811.68M | 2.10% | Reduce |
| 14 | ABEV | AMBEV SA | 310.02M | $799.86M | 2.07% | Reduce |
| 15 | CL | COLGATE PALMOLIVE CO | 11.01M | $783.13M | 2.03% | Reduce |
| 16 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 8.98M | $780.38M | 2.02% | Reduce |
| 17 | ELV | ELEVANCE HEALTH INC FORMERLY | 1.78M | $776.26M | 2.01% | Reduce |
| 18 | NOV | NOV INC | 36.74M | $767.89M | 1.99% | Reduce |
| 19 | BK | BANK OF NY MELLON CORP | 16.24M | $692.69M | 1.79% | Reduce |
| 20 | NEM | NEWMONT CORP | 18.28M | $675.48M | 1.75% | Reduce |
| 21 | ADI | ANALOG DEVICES INC | 3.51M | $614.45M | 1.59% | Reduce |
| 22 | GOLD | GOLD COM INC | 42.00M | $611.12M | 1.58% | Reduce |
| 23 | GLD | SPDR GOLD TR | 3.45M | $599.79M | 1.55% | Add |
| 24 | UHS | UNIVERSAL HLTH SVCS INC | 4.64M | $583.67M | 1.51% | Reduce |
| 25 | TXN | TEXAS INSTRS INC | 3.61M | $574.00M | 1.49% | Reduce |
| 26 | NTR | NUTRIEN LTD | 9.26M | $572.06M | 1.48% | Add |
| 27 | HYG | ISHARES TR | 7.50M | $552.90M | 1.43% | New |
| 28 | EQR | EQUITY RESIDENTIAL | 8.81M | $517.14M | 1.34% | Reduce |
| 29 | BRKA | BERKSHIRE HATHAWAY INC DEL | 929 | $493.74M | 1.28% | Reduce |
| 30 | MSFT | MICROSOFT CORP | 1.54M | $487.39M | 1.26% | Reduce |
| 31 | MDT | MEDTRONIC PLC | 6.09M | $477.12M | 1.24% | Add |
| 32 | CMI | CUMMINS INC | 2.00M | $456.90M | 1.18% | Reduce |
| 33 | BDX | BECTON DICKINSON & CO | 1.75M | $452.80M | 1.17% | Reduce |
| 34 | GOOGL | ALPHABET INC | 3.44M | $449.62M | 1.17% | Reduce |
| 35 | WY | WEYERHAEUSER CO | 14.31M | $438.85M | 1.14% | Reduce |
| 36 | IPGP | IPG PHOTONICS CORPORATION | 4.26M | $432.64M | 1.12% | Reduce |
| 37 | FLS | FLOWSERVE CORP | 10.75M | $427.38M | 1.11% | Reduce |
| 38 | ROST | ROSS STORES INC | 3.67M | $414.36M | 1.07% | Reduce |
| 39 | CRM | SALESFORCE INC | 1.94M | $393.79M | 1.02% | Reduce |
| 40 | AXP | AMERICAN EXPRESS CO | 2.60M | $388.48M | 1.01% | Reduce |
| 41 | RGLD | ROYAL GOLD INC | 3.63M | $385.90M | 1.00% | Reduce |
| 42 | XRAY | DENTSPLY SIRONA INC | 9.67M | $330.20M | 0.85% | Reduce |
| 43 | DIS | DISNEY WALT CO | 4.02M | $326.17M | 0.84% | New |
| 44 | WMT | WALMART INC | 1.96M | $313.72M | 0.81% | Reduce |
| 45 | EXPD | EXPEDITORS INTERNATIONAL OF WASHINGTON INC. | 2.66M | $305.05M | 0.79% | Reduce |
| 46 | FNV | FRANCO NEV CORP | 2.26M | $301.56M | 0.78% | Add |
| 47 | USB | US BANCORP | 8.93M | $295.39M | 0.77% | Reduce |
| 48 | BRO | BROWN & BROWN INC | 4.15M | $289.57M | 0.75% | Reduce |
| 49 | AEM | AGNICO EAGLE MINES LTD | 6.23M | $283.20M | 0.73% | Reduce |
| 50 | FNF | FIDELITY NATIONAL FINANCIAL | 5.94M | $245.41M | 0.64% | Add |