First Eagle Investment Management Portfolio
First Eagle Investment Management 13F filer (CIK 0001325447).
Q4 2022 · 381 positions · Total reported value $36.23B · Top-10 concentration 33.4%
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 2022 13F filing, First Eagle Investment Management disclosed 381 equity positions with a combined reported value of $36.23B. The filing implies a moderately concentrated portfolio: its ten largest positions account for 33.4% of reported value. HoldingsHub classifies the profile as Large / High Turnover.
The largest disclosed positions as of Q4 2022 were ORCL ($1.69B), XOM ($1.49B), SLB ($1.47B). By sector, the heaviest allocations are Technology 17.7%, Health Care 12.8%. Versus the prior quarter, allocation shifted toward Consumer Staples (+5.9pp), Health Care (+1.9pp) and away from Financials (-0.6pp), Industrials (-0.7pp).
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 | 20.71M | $1.69B | 4.67% | Reduce |
| 2 | XOM | EXXON MOBIL CORP | 13.48M | $1.49B | 4.10% | Reduce |
| 3 | SLB | SLB LIMITED | 27.51M | $1.47B | 4.06% | Add |
| 4 | WTW | WILLIS TOWERS WATSON PLC LTD | 4.94M | $1.21B | 3.34% | Add |
| 5 | IMO | IMPERIAL OIL LTD | 23.99M | $1.17B | 3.23% | Reduce |
| 6 | CMCSA | COMCAST CORP NEW | 32.65M | $1.14B | 3.15% | Add |
| 7 | HCA | HCA HEALTHCARE INC | 4.62M | $1.11B | 3.06% | Add |
| 8 | CHRW | C H ROBINSON WORLDWIDE INC | 10.82M | $990.39M | 2.73% | Add |
| 9 | PM | PHILIP MORRIS INTL INC | 9.11M | $921.88M | 2.54% | Reduce |
| 10 | ELV | ELEVANCE HEALTH INC FORMERLY | 1.79M | $918.47M | 2.54% | Reduce |
| 11 | CL | COLGATE PALMOLIVE CO | 11.03M | $869.05M | 2.40% | Add |
| 12 | NEM | NEWMONT CORP | 18.40M | $868.33M | 2.40% | Add |
| 13 | FMX | FOMENTO ECONOMICO MEXICANO S | 10.99M | $858.54M | 2.37% | Add |
| 14 | WPM | WHEATON PRECIOUS METALS CORP | 20.23M | $790.74M | 2.18% | Add |
| 15 | BK | BANK OF NY MELLON CORP | 17.13M | $779.79M | 2.15% | Add |
| 16 | ABEV | AMBEV SA | 285.76M | $777.26M | 2.15% | Add |
| 17 | NOV | NOV INC | 37.17M | $776.54M | 2.14% | Add |
| 18 | GOLD | GOLD COM INC | 42.27M | $726.27M | 2.00% | Reduce |
| 19 | META | META PLATFORMS INC. CLASS A | 5.83M | $701.18M | 1.94% | Add |
| 20 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 9.03M | $672.61M | 1.86% | Add |
| 21 | UHS | UNIVERSAL HLTH SVCS INC | 4.73M | $666.86M | 1.84% | Add |
| 22 | NTR | NUTRIEN LTD | 8.52M | $622.15M | 1.72% | Add |
| 23 | TXN | TEXAS INSTRS INC | 3.66M | $604.64M | 1.67% | Add |
| 24 | ADI | ANALOG DEVICES INC | 3.57M | $584.87M | 1.61% | Reduce |
| 25 | MSFT | MICROSOFT CORP | 2.25M | $540.03M | 1.49% | Add |
| 26 | GOOG | ALPHABET INC | 5.98M | $530.25M | 1.46% | Add |
| 27 | GLD | SPDR GOLD TR | 2.96M | $499.97M | 1.38% | Reduce |
| 28 | CMI | CUMMINS INC | 2.06M | $498.11M | 1.38% | Add |
| 29 | BRKA | BERKSHIRE HATHAWAY INC DEL | 1.03K | $482.30M | 1.33% | Add |
| 30 | ROST | ROSS STORES INC | 3.94M | $457.22M | 1.26% | Hold |
| 31 | WY | WEYERHAEUSER CO | 14.46M | $448.24M | 1.24% | Add |
| 32 | EQR | EQUITY RESIDENTIAL | 7.57M | $446.59M | 1.23% | Add |
| 33 | BDX | BECTON DICKINSON & CO | 1.73M | $439.05M | 1.21% | Add |
| 34 | USB | US BANCORP | 9.87M | $430.47M | 1.19% | Add |
| 35 | AXP | AMERICAN EXPRESS CO | 2.84M | $419.48M | 1.16% | Reduce |
| 36 | IPGP | IPG PHOTONICS CORPORATION | 4.33M | $409.56M | 1.13% | Add |
| 37 | RGLD | ROYAL GOLD INC | 3.58M | $404.02M | 1.11% | Add |
| 38 | WFC | WELLS FARGO & CO | 9.42M | $389.00M | 1.07% | Add |
| 39 | SCHW | SCHWAB CHARLES CORP | 4.10M | $341.67M | 0.94% | Add |
| 40 | FLS | FLOWSERVE CORP | 11.01M | $337.75M | 0.93% | Add |
| 41 | UGI | UGI CORP NEW | 8.67M | $321.36M | 0.89% | Add |
| 42 | GOOGL | ALPHABET INC | 3.53M | $311.34M | 0.86% | Reduce |
| 43 | AEM | AGNICO EAGLE MINES LTD | 5.99M | $311.13M | 0.86% | Reduce |
| 44 | XRAY | DENTSPLY SIRONA INC | 9.74M | $310.26M | 0.86% | Add |
| 45 | FNV | FRANCO NEV CORP | 2.12M | $288.64M | 0.80% | Reduce |
| 46 | WMT | WALMART INC | 2.02M | $286.37M | 0.79% | Add |
| 47 | EXPD | EXPEDITORS INTERNATIONAL OF WASHINGTON INC. | 2.75M | $286.00M | 0.79% | Add |
| 48 | TRV | TRAVELERS COMPANIES INC | 1.50M | $281.68M | 0.78% | Reduce |
| 49 | BRO | BROWN & BROWN INC | 4.80M | $273.46M | 0.76% | Add |
| 50 | KHC | KRAFT HEINZ CO | 6.66M | $271.29M | 0.75% | Add |