First Eagle
Portfolio value$60.8B
Positions425
QuarterQ2 2026ended 2026-06-30
Filed08/242026
Q2 2026 versus Q1 2026: 41 bought, 258 added to, 101 reduced, 41 sold. By dollars, the largest buy was Booking Holdings, $876.3M more at the quarter-end price; the largest sale Texas Instruments, $1.1B less. Net, $1.1B more bought than sold. What every tracked investor did in Q2 2026.
Every move, largest first
| Ticker | Issuer | Move | Shares Q1 2026 → Q2 2026 | Bought / sold | Of the portfolio | Weight now | Price vs model |
|---|---|---|---|---|---|---|---|
| TXN | Texas Instrs INC | reduced −99% | 3.7M → 52,464 | −$1.1B | −1.78% | 0.0% | 131% overvalued |
| BKNG | Booking Holdings INC | bought | — → 4.9M | +$876.3M | +1.44% | 1.4% | 18% undervalued |
| EXPD | Expeditors Intl Wash INC | reduced −66% | 5.9M → 2.0M | −$639.6M | −1.05% | 0.5% | 80% overvalued |
| ADP | Automatic Data Processing In | added +82% | 2.8M → 5.2M | +$520.5M | +0.86% | 1.9% | 65% overvalued |
| CHRW | C H Robinson Worldwide In | reduced −36% | 5.7M → 3.6M | −$393.2M | −0.65% | 1.1% | 57% overvalued |
| HCC | Warrior Met Coal INC | bought | — → 3.9M | +$314.8M | +0.52% | 0.5% | — |
| MDT | Medtronic PLC | added +37% | 10.0M → 13.8M | +$292.5M | +0.48% | 1.8% | 4% overvalued |
| BDX | Becton Dickinson & CO | added +16% | 11.9M → 13.8M | +$285.6M | +0.47% | 3.4% | 14% undervalued |
| GOOGL | Alphabet INC | reduced −57% | 1.2M → 518,922 | −$242.8M | −0.40% | 0.3% | 51% overvalued |
| MSFT | Microsoft Corp | added +46% | 1.3M → 1.9M | +$229.5M | +0.38% | 1.2% | 10% overvalued |
| BRO | Brown & Brown INC | added +33% | 8.8M → 11.7M | +$186.3M | +0.31% | 1.2% | 35% undervalued |
| CRM | Salesforce INC | added +19% | 6.1M → 7.3M | +$183.8M | +0.30% | 1.9% | 37% overvalued |
| FISV | Fiserv INC | added +45% | 7.5M → 10.9M | +$164.9M | +0.27% | 0.9% | 83% undervalued |
| CMI | Cummins INC | reduced −30% | 767,231 → 536,868 | −$164.3M | −0.27% | 0.6% | 62% overvalued |
| CSL | Carlisle Cos INC | added +56% | 793,165 → 1.2M | +$160.1M | +0.26% | 0.7% | — |
| XRAY | Dentsply Sirona INC | reduced −94% | 15.1M → 851,347 | −$151.5M | −0.25% | 0.0% | — |
| WDAY | Workday INC | added +16% | 7.6M → 8.8M | +$148.8M | +0.24% | 1.8% | 339% overvalued |
| IPGP | Ipg Photonics Corp | reduced −27% | 4.6M → 3.3M | −$147.2M | −0.24% | 0.6% | — |
| WY | Weyerhaeuser CO | added +11% | 46.3M → 51.2M | +$117.0M | +0.19% | 2.0% | 3% overvalued |
| NOV | Nov INC | reduced −16% | 36.4M → 30.7M | −$106.2M | −0.17% | 0.9% | — |
| WAT | Waters Corp | reduced −15% | 1.6M → 1.3M | −$90.0M | −0.15% | 0.8% | 73% overvalued |
| BNY | Bank Of Ny Mellon Corp | reduced −6% | 9.9M → 9.3M | −$86.9M | −0.14% | 2.2% | 57% overvalued |
| CFR | Cullen Frost Bankers INC | added +23% | 2.3M → 2.8M | +$79.1M | +0.13% | 0.7% | — |
| TSM | Taiwan Semiconductor Manufac | reduced −4% | 3.9M → 3.7M | −$74.8M | −0.12% | 2.9% | — |
| VSNT | Versant Media Group INC | sold | 1.6M → 0 | −$59.1M | −0.10% | — | — |
| IMO | Imperial Oil LTD | reduced −3% | 14.0M → 13.6M | −$42.8M | −0.07% | 2.5% | — |
| NEM | Newmont Corp | reduced −4% | 12.0M → 11.6M | −$42.2M | −0.07% | 1.8% | 474% overvalued |
| WTW | Willis Towers Watson PLC LTD | added +3% | 4.3M → 4.5M | +$35.7M | +0.06% | 1.9% | 41% undervalued |
| DEO | Diageo PLC | added +248% | 159,194 → 554,155 | +$31.7M | +0.05% | 0.1% | — |
| GOOG | Alphabet INC | reduced −1% | 7.4M → 7.3M | −$31.2M | −0.05% | 4.3% | 49% overvalued |
| BIL | Spdr Series Trust | reduced −21% | 1.4M → 1.1M | −$26.2M | −0.04% | 0.2% | — |
| SLB | Slb Limited | added +2% | 28.4M → 28.9M | +$25.0M | +0.04% | 2.2% | 22% undervalued |
| XOM | Exxon Mobil Corp | reduced −3% | 6.2M → 6.1M | −$24.7M | −0.04% | 1.4% | 13% overvalued |
| B | Barrick Mng Corp | reduced −3% | 20.6M → 19.9M | −$24.0M | −0.04% | 1.2% | — |
| ELV | Elevance Health INC Formerly | added +1% | 4.1M → 4.2M | +$21.6M | +0.04% | 2.7% | 20% undervalued |
| UHS | Universal Hlth Svcs INC | added +3% | 4.4M → 4.6M | +$19.4M | +0.03% | 1.1% | 57% undervalued |
| KGC | Kinross Gold Corp | reduced −10% | 7.1M → 6.4M | −$17.1M | −0.03% | 0.2% | — |
| GFF | Griffon Corp | bought | — → 170,157 | +$16.6M | +0.03% | 0.0% | — |
| VIAV | Viavi Solutions INC | reduced −62% | 559,800 → 212,900 | −$16.6M | −0.03% | 0.0% | — |
| HCA | Hca Healthcare INC | added +1% | 3.3M → 3.3M | +$16.0M | +0.03% | 2.1% | 29% undervalued |
| 8TG | Thermon Group Hldgs INC | sold | 305,373 → 0 | −$15.4M | −0.03% | — | — |
| ESI | Element Solutions INC | added +549% | 56,500 → 366,600 | +$14.8M | +0.02% | 0.0% | — |
| NE | Noble Corp PLC | added +3% | 13.6M → 14.0M | +$14.7M | +0.02% | 0.9% | — |
| CCS | Century Communities INC | sold | 256,716 → 0 | −$14.7M | −0.02% | — | — |
| IBP | Installed Bldg Prods INC | added +100% | 63,843 → 127,563 | +$14.6M | +0.02% | 0.0% | — |
| SIMO | Silicon Motion Technology CO | reduced −25% | 168,439 → 125,737 | −$14.2M | −0.02% | 0.1% | — |
| LRN | Stride INC | added +3832% | 4,268 → 167,799 | +$14.1M | +0.02% | 0.0% | — |
| SYNA | Synaptics INC | bought | — → 112,646 | +$14.0M | +0.02% | 0.0% | — |
| ONTO | Onto Innovation INC | added +84% | 42,983 → 79,294 | +$13.7M | +0.02% | 0.0% | — |
| META | Meta Platforms INC | added +1% | 3.2M → 3.2M | +$13.7M | +0.02% | 3.0% | 10% overvalued |
| FMX | Fomento Economico Mexicano S | added +1% | 12.9M → 13.0M | +$13.6M | +0.02% | 2.7% | — |
| OKE | Oneok INC New | added +1% | 11.7M → 11.8M | +$13.5M | +0.02% | 1.7% | 29% undervalued |
| BZH | Beazer Homes Usa INC | sold | 694,671 → 0 | −$13.4M | −0.02% | — | — |
| VSH | Vishay Intertechnology INC | reduced −23% | 1.1M → 816,213 | −$13.3M | −0.02% | 0.1% | — |
| GLD | Spdr Gold Tr | added +1% | 2.5M → 2.5M | +$13.2M | +0.02% | 1.5% | — |
| SBLK | Star Bulk Carriers Corp. | bought | — → 515,000 | +$12.9M | +0.02% | 0.0% | — |
| — | Gates Indl Corp PLCCUSIP G39108108 | added +543% | 83,500 → 536,800 | +$12.7M | +0.02% | 0.0% | — |
| TTMI | Ttm Technologies INC | reduced −30% | 224,471 → 157,414 | −$12.5M | −0.02% | 0.0% | — |
| EXP | Eagle Matls INC | sold | 65,533 → 0 | −$12.4M | −0.02% | — | — |
| UCTT | Ultra Clean Hldgs INC | reduced −20% | 434,100 → 347,930 | −$12.3M | −0.02% | 0.1% | — |
| ORCL | Oracle Corp | added +1% | 8.4M → 8.5M | +$12.0M | +0.02% | 2.1% | 30% undervalued |
| FORM | Formfactor INC | reduced −41% | 179,848 → 106,137 | −$11.8M | −0.02% | 0.0% | — |
| DIS | Disney Walt CO | added +2% | 5.3M → 5.4M | +$11.7M | +0.02% | 0.9% | 9% undervalued |
| RGLD | Royal Gold INC | reduced −6% | 917,616 → 861,786 | −$11.1M | −0.02% | 0.3% | — |
| SPY | State Str Spdr S&p 500 ETF T | sold | 17,000 → 0 | −$11.1M | −0.02% | — | — |
| KWR | Quaker Houghton | added +72% | 94,538 → 162,974 | +$10.9M | +0.02% | 0.0% | — |
| ITRI | Itron INC | bought | — → 124,987 | +$10.8M | +0.02% | 0.0% | — |
| DIN | Dine Brands Global INC | bought | — → 296,323 | +$10.6M | +0.02% | 0.0% | — |
| ENSG | Ensign Group INC | added +5080% | 1,247 → 64,600 | +$10.2M | +0.02% | 0.0% | — |
| NG | Novagold Resources INC | reduced −18% | 9.2M → 7.5M | −$10.1M | −0.02% | 0.1% | — |
| CEVA | Ceva INC | bought | — → 209,117 | +$9.9M | +0.02% | 0.0% | — |
| GO | Grocery Outlet Hldg Corp | bought | — → 986,006 | +$9.8M | +0.02% | 0.0% | — |
| BRZE | Braze INC | added +285% | 158,500 → 609,814 | +$9.8M | +0.02% | 0.0% | — |
| CMCSA | Comcast Corp New | added +1% | 37.8M → 38.2M | +$9.6M | +0.02% | 1.5% | 83% undervalued |
| MUR | Murphy Oil Corp | added +141% | 206,000 → 497,400 | +$9.5M | +0.02% | 0.0% | — |
| PSN | Parsons Corp Del | bought | — → 179,257 | +$9.4M | +0.02% | 0.0% | — |
| ROG | Rogers Corp | added +43% | 131,818 → 188,268 | +$9.2M | +0.02% | 0.1% | — |
| DORM | Dorman Prods INC | added +74% | 91,342 → 158,642 | +$9.2M | +0.02% | 0.0% | — |
| CENX | Century Alum CO | added +122% | 163,087 → 362,360 | +$9.2M | +0.02% | 0.0% | — |
| PPG | Ppg Inds INC | added +1% | 6.4M → 6.5M | +$9.1M | +0.01% | 1.3% | 10% undervalued |
| ARLO | Arlo Technologies INC | added +713% | 92,500 → 752,200 | +$8.9M | +0.01% | 0.0% | — |
| TNC | Tennant CO | added +314% | 32,056 → 132,857 | +$8.8M | +0.01% | 0.0% | — |
| CDRE | Cadre Hldgs INC | bought | — → 306,458 | +$8.7M | +0.01% | 0.0% | — |
| GSM | Ferroglobe PLC | sold | 2.1M → 0 | −$8.6M | −0.01% | — | — |
| FOR | Forestar Group INC | sold | 339,898 → 0 | −$8.3M | −0.01% | — | — |
| CYRX | Cryoport INC | added +71% | 744,849 → 1.3M | +$8.3M | +0.01% | 0.0% | — |
| STVN | Stevanato Group S P A | added +288% | 157,500 → 611,286 | +$8.2M | +0.01% | 0.0% | — |
| CL | Colgate Palmolive CO | added +1% | 8.1M → 8.2M | +$8.2M | +0.01% | 1.2% | 36% overvalued |
| BXP | Bxp INC | added +1% | 9.3M → 9.5M | +$8.1M | +0.01% | 1.0% | 16% undervalued |
| REPX | Riley Exploration Permian In | added +134% | 184,148 → 430,946 | +$8.1M | +0.01% | 0.0% | — |
| HRI | Herc Hldgs INC | added +57% | 99,033 → 155,319 | +$8.1M | +0.01% | 0.0% | — |
| TALO | Talos Energy INC | added +124% | 503,900 → 1.1M | +$8.0M | +0.01% | 0.0% | — |
| HNGE | Hinge Health INC | added +28% | 336,942 → 430,142 | +$7.7M | +0.01% | 0.1% | — |
| ALKT | Alkami Technology INC | bought | — → 425,728 | +$7.7M | +0.01% | 0.0% | — |
| NPO | Enpro INC | added +29% | 69,855 → 90,130 | +$7.6M | +0.01% | 0.1% | — |
| QXO | Qxo INC | added +197% | 223,184 → 662,894 | +$7.6M | +0.01% | 0.0% | — |
| RELX | Relx PLC | added +30% | 802,136 → 1.0M | +$7.6M | +0.01% | 0.1% | — |
| EXTR | Extreme Networks INC | added +67% | 349,540 → 582,916 | +$7.6M | +0.01% | 0.0% | — |
| IFF | International Flavors&fragra | added +1% | 9.3M → 9.4M | +$7.5M | +0.01% | 1.2% | 22% overvalued |
| NTGR | Netgear INC | added +112% | 288,945 → 611,245 | +$7.5M | +0.01% | 0.0% | — |
Bought / sold is the change in shares × the quarter's reported price (value ÷ shares in the filing); a position sold out is priced at the quarter before, since it has no price in this one. “Of the portfolio” is that amount against this quarter's reported book.
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.