Insights from First Eagle Investment (Trades, Portfolio)'s Latest 13F Filing

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First Eagle Investment (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into its investment moves during this period. With a heritage dating back to 1864, First Eagle is an independent investment management firm that provides investment advisory services to private investment funds, institutional accounts, high-net-worth individuals, financial professionals, and their clients through a range of investment strategies and retail mutual funds. First Eagle's value-oriented approach is defined by the conviction that absolute long-term performance is the best way to preserve capital, rather than attempting to compete against the short-term movements of the major indices, and rigorous application of bottom-up fundamental analysis intended to reduce risk. The firm's strategy incorporates on-site research by actively visiting companies and talking to managers to gain rounded, first-hand knowledge of investment prospects. First Eagle buys securities whose intrinsic value and long-term potential outweigh market risk.

Summary of New Buy

First Eagle Investment (Trades, Portfolio) added a total of 47 stocks, among them:

• The most significant addition was Dollar General Corp (NYSE:DG), with 5,268,172 shares, accounting for 0.89% of the portfolio and a total value of $399.43 million.
• The second largest addition to the portfolio was SPDR S&P 500 ETF Trust (SPY), consisting of 43,000 shares, representing approximately 0.06% of the portfolio, with a total value of $25.20 million.
• The third largest addition was CAE Inc (NYSE:CAE), with 955,324 shares, accounting for 0.05% of the portfolio and a total value of $24.21 million.

Key Position Increases

First Eagle Investment (Trades, Portfolio) also increased stakes in a total of 206 stocks, among them:

• The most notable increase was Elevance Health Inc (NYSE:ELV), with an additional 1,039,612 shares, bringing the total to 3,225,339 shares. This adjustment represents a significant 47.56% increase in share count, a 0.86% impact on the current portfolio, with a total value of $1,189,827,630.
• The second largest increase was Becton Dickinson & Co (NYSE:BDX), with an additional 1,057,879 shares, bringing the total to 4,426,022. This adjustment represents a significant 31.41% increase in share count, with a total value of $1,004,131,510.

Summary of Sold Out

First Eagle Investment (Trades, Portfolio) completely exited 18 of the holdings in the fourth quarter of 2024, as detailed below:

• Huntsman Corp (NYSE:HUN): First Eagle Investment (Trades, Portfolio) sold all 743,364 shares, resulting in a -0.04% impact on the portfolio.
• Zeta Global Holdings Corp (NYSE:ZETA): First Eagle Investment (Trades, Portfolio) liquidated all 668,367 shares, causing a -0.04% impact on the portfolio.

Key Position Reduces

First Eagle Investment (Trades, Portfolio) also reduced positions in 156 stocks. The most significant changes include:

• Reduced Exxon Mobil Corp (NYSE:XOM) by 4,482,231 shares, resulting in a -34.05% decrease in shares and a -1.08% impact on the portfolio. The stock traded at an average price of $116.93 during the quarter and has returned -7.97% over the past 3 months and 2.77% year-to-date.
• Reduced Oracle Corp (NYSE:ORCL) by 1,806,706 shares, resulting in a -12.83% reduction in shares and a -0.63% impact on the portfolio. The stock traded at an average price of $177.81 during the quarter and has returned -5.33% over the past 3 months and 7.51% year-to-date.

Portfolio Overview

At the fourth quarter of 2024, First Eagle Investment (Trades, Portfolio)'s portfolio included 423 stocks, with top holdings including 4.63% in Meta Platforms Inc (NASDAQ:META), 4.57% in Oracle Corp (NYSE:ORCL), 3.12% in Willis Towers Watson PLC (NASDAQ:WTW), 3.02% in HCA Healthcare Inc (NYSE:HCA), and 2.91% in Imperial Oil Ltd (IMO).

The holdings are mainly concentrated in all 11 industries: Technology, Healthcare, Communication Services, Basic Materials, Financial Services, Energy, Consumer Defensive, Industrials, Real Estate, Consumer Cyclical, and Utilities.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.