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First Eagle

First Eagle Investment Management

Global value investor

$5.56B

Portfolio Value

62

Holdings

Q1 '26

Period

2026-05-14

Filed

📈

Simulated 13F Return

⚠️ Approximation

Total Return

+34.77%

Q1 '25 → Q4 '25

Annualized

+48.64%/yr

S&P: +26.24%/yr

Alpha (vs S&P)

+15.59%

3 quarters tracked

1-Year Return

—

⚠️ Approximation only. 13F filings are delayed ~45 days. Options, shorts, and intra-quarter trades not captured.

📈 Recent Activity

Changes from previous quarter

AERINCREASED
7.8% of portfolio
+2% shares-0.5pp
CGAUINCREASED
5.0% of portfolio
+11% shares+1.2pp
IAGREDUCED
4.9% of portfolio
-26% shares-1.2pp
EGOREDUCED
4.5% of portfolio
-1% shares-0.5pp
SMNEW
4.0% of portfolio
New position
GNWINCREASED
3.7% of portfolio
+7% shares-0.3pp
SSPFFINCREASED
3.7% of portfolio
+13% shares+0.2pp
HOGREDUCED
3.6% of portfolio
+13% shares+0.2pp
JXN-PAREDUCED
3.6% of portfolio
-3% shares-0.3pp
MHOINCREASED
3.3% of portfolio
+2% shares-0.2pp
PKINCREASED
3.2% of portfolio
+14% shares+0.3pp
ALLYINCREASED
2.8% of portfolio
+48% shares+0.5pp
RDNINCREASED
2.7% of portfolio
+53% shares+0.7pp
EGINCREASED
2.7% of portfolio
+6% shares-0.1pp
TXREDUCED
2.6% of portfolio
-4% shares-0.1pp
CINCREASED
2.6% of portfolio
+2% shares-0.1pp
CRBDINCREASED
2.6% of portfolio
+40% shares+0.2pp
ALGTREDUCED
2.4% of portfolio
-2% shares-0.3pp
GMINCREASED
2.3% of portfolio
+3% shares-0.3pp
PFSINEW
2.2% of portfolio
New position
MOSREDUCED
2.1% of portfolio
-0% shares+0.0pp
RLJ-PAINCREASED
2.0% of portfolio
+14% shares+0.2pp
WFGINCREASED
2.0% of portfolio
+14% shares+0.3pp
NRSCFINCREASED
1.9% of portfolio
+4% shares-0.1pp
TPCREDUCED
1.8% of portfolio
-27% shares-0.4pp
TMHCINCREASED
1.8% of portfolio
+1% shares-0.1pp
UNMAINCREASED
1.7% of portfolio
+1% shares-0.2pp
GGBREDUCED
1.6% of portfolio
-0% shares-0.1pp
HNDAFINCREASED
1.5% of portfolio
+32% shares+0.1pp
HHHINCREASED
1.2% of portfolio
+2% shares-0.3pp
KBHREDUCED
1.1% of portfolio
+64% shares+0.3pp
GSL-PBREDUCED
1.1% of portfolio
-24% shares-0.3pp
GAUINCREASED
1.0% of portfolio
+1% shares-0.0pp
BZHREDUCED
1.0% of portfolio
-1% shares-0.1pp
HGINCREASED
0.9% of portfolio
+6% shares+0.1pp
RYIINCREASED
0.8% of portfolio
+4% shares-0.1pp
UVEINCREASED
0.7% of portfolio
+2% shares
CLDT-PAREDUCED
0.7% of portfolio
-1% shares+0.1pp
TWIINCREASED
0.6% of portfolio
+42% shares+0.1pp
MHKINCREASED
0.5% of portfolio
+1% shares-0.1pp
GMTLNEW
0.5% of portfolio
New position
ASTLWINCREASED
0.4% of portfolio
+3% shares
GSMINCREASED
0.4% of portfolio
+1% shares-0.1pp
MTUSREDUCED
0.3% of portfolio
+11% shares
NMIHINCREASED
0.3% of portfolio
+6% shares-0.0pp
MPAAREDUCED
0.3% of portfolio
+31% shares+0.0pp
HOFTINCREASED
0.2% of portfolio
+0% shares+0.0pp
WFNEW
0.2% of portfolio
New position
JRVRINCREASED
0.2% of portfolio
+9% shares
ASIXREDUCED
0.1% of portfolio
-7% shares+0.0pp
AFLYYINCREASED
0.1% of portfolio
+0% shares-0.0pp
JAKKNEW
0.1% of portfolio
New position
VTOLINCREASED
0.1% of portfolio
-48% shares-0.0pp
KELYANEW
0.1% of portfolio
New position
WSBFINCREASED
0.1% of portfolio
+38% shares+0.0pp
PPTAREDUCED
0.1% of portfolio
-55% shares-0.1pp
RJETNEW
<0.1% of portfolio
New position
AZREREDUCED
<0.1% of portfolio
-10% shares
CIVISOLD
was 2.3%
Sold out position
Filing price: $27.09
EQXSOLD
was 1.9%
Sold out position
Filing price: $14.04
GLNGSOLD
was 1.5%
Sold out position
Filing price: $37.21
CLCOSOLD
was 0.1%
Sold out position
Filing price: $9.65
HBMSOLD
was <0.1%
Sold out position
Filing price: $19.85

Sold Out (5)

SOLDCIVICIVITAS RESOURCES INCwas 2.28%@$27.09
SOLDCLCOCOOL CO LTDwas 0.13%@$9.65
SOLDEQXEQUINOX GOLD CORPwas 1.85%@$14.04
SOLDGLNGGOLAR LNG LTDwas 1.50%@$37.21
SOLDHBMHUDBAY MINERALSwas 0.01%@$19.85

📊 Sector Breakdown

Portfolio allocation by sector

Unknown 95.2%Financials 2.6%Materials 2.1%

💼 Holdings

🔍

62 of 62 positions · $5.56B

This quarter: 7 new positions, increased 33, reduced 18, sold 5. Net buyer.

AERINCREASED
7.8%
7.8% of portfolio (was 8.3%, added)
Filed ~$137
—📄
CGAUINCREASED
5.0%
5.0% of portfolio (was 3.8%, added)
Filed ~$18
—📄
IAGREDUCED
4.9%
4.9% of portfolio (was 6.1%, trimmed)
Filed ~$19
—📄
EGOREDUCED
4.5%
4.5% of portfolio (was 5.0%, trimmed)
Filed ~$34
—📄
SMNEW
4.0%
4.0% of portfolio (new position)
Filed ~$31
—📄
GNWINCREASED
3.7%
3.7% of portfolio (was 4.0%, added)
Filed ~$8
—📄
SSPFFINCREASED
3.7%
3.7% of portfolio (was 3.5%, added)
Filed ~$22
—📄
HOGREDUCED
3.6%
3.6% of portfolio (was 3.4%, trimmed)
Filed ~$20
—📄
JXN-PAREDUCED
3.6%
3.6% of portfolio (was 3.9%, trimmed)
Filed ~$106
—📄
MHOINCREASED
3.3%
3.3% of portfolio (was 3.5%, added)
Filed ~$122
—📄
PKINCREASED
3.2%
3.2% of portfolio (was 2.9%, added)
Filed ~$11
—📄
ALLYINCREASED
2.8%
2.8% of portfolio (was 2.3%, added)
Filed ~$39
—📄
RDNINCREASED
2.7%
2.7% of portfolio (was 2.0%, added)
Filed ~$33
—📄
EGINCREASED
2.7%
2.7% of portfolio (was 2.8%, added)
Filed ~$327
—📄
TXREDUCED
2.6%
2.6% of portfolio (was 2.7%, trimmed)
Filed ~$40
—📄
CINCREASED
2.6%
2.6% of portfolio (was 2.8%, added)
Filed ~$113
—📄
CRBDINCREASED
2.6%
2.6% of portfolio (was 2.5%, added)
Filed ~$24
—📄
ALGTREDUCED
2.4%
2.4% of portfolio (was 2.7%, trimmed)
Filed ~$81
—📄
GMINCREASED
2.3%
2.3% of portfolio (was 2.6%, added)
Filed ~$75
—📄
PFSINEW
2.2%
2.2% of portfolio (new position)
Filed ~$87
—📄
MOSREDUCED
2.1%
2.1% of portfolio (was 2.1%, trimmed)
Filed ~$26
—📄
RLJ-PAINCREASED
2.0%
2.0% of portfolio (was 1.8%, added)
Filed ~$7
—📄
WFGINCREASED
2.0%
2.0% of portfolio (was 1.7%, added)
Filed ~$65
—📄
NRSCFINCREASED
1.9%
1.9% of portfolio (was 2.0%, added)
Filed ~$8
—📄
TPCREDUCED
1.8%
1.8% of portfolio (was 2.3%, trimmed)
Filed ~$77
—📄
1–25 of 62

🚫 Sold Out (5 positions)

SOLDCIVICIVITAS RESOURCES INCwas 2.28%@$27.094485476 shares · $121.5M
SOLDCLCOCOOL CO LTDwas 0.13%@$9.65737772 shares · $7.1M
SOLDEQXEQUINOX GOLD CORPwas 1.85%@$14.047049326 shares · $99.0M
SOLDGLNGGOLAR LNG LTDwas 1.50%@$37.212151627 shares · $80.1M
SOLDHBMHUDBAY MINERALSwas 0.01%@$19.8535913 shares · $713K