Analyzing First Eagle's Latest 13F Filing and Portfolio Adjustments

First Eagle Investment (Trades, Portfolio) recently submitted its 13F filing for the first quarter of 2025, offering a glimpse into its strategic investment decisions during this period. With roots tracing back to 1864, First Eagle is a distinguished independent investment management firm. It provides advisory services to a diverse clientele, including private investment funds, institutional accounts, and high-net-worth individuals. The firm is renowned for its value-oriented approach, emphasizing long-term performance over short-term market fluctuations. By employing rigorous bottom-up fundamental analysis, First Eagle aims to mitigate risk and preserve capital. The firms strategy involves on-site research and direct engagement with company managers to gain comprehensive insights into investment opportunities. First Eagle invests in securities where intrinsic value and long-term potential outweigh market risks.

Warning! GuruFocus has detected 2 Warning Sign with META.First Eagle Investment's Strategic Moves: Spotlight on Becton Dickinson & Co

Summary of New Buy

First Eagle Investment (Trades, Portfolio) added a total of 16 stocks to its portfolio. Notable additions include:

The most significant addition was Carlisle Companies Inc (NYSE:CSL), with 548,101 shares, accounting for 0.39% of the portfolio and a total value of $186.63 million. The second largest addition was Dycom Industries Inc (NYSE:DY), consisting of 63,002 shares, representing approximately 0.02% of the portfolio, with a total value of $9.60 million. The third largest addition was Murphy Oil Corp (NYSE:MUR), with 314,500 shares, accounting for 0.02% of the portfolio and a total value of $8.93 million.

Key Position Increases

First Eagle Investment (Trades, Portfolio) also increased stakes in a total of 230 stocks. Key increases include:

The most notable increase was in Becton Dickinson & Co (NYSE:BDX), with an additional 1,091,690 shares, bringing the total to 5,517,712 shares. This adjustment represents a significant 24.67% increase in share count, a 0.52% impact on the current portfolio, with a total value of $1,263,887,010. The second largest increase was in Bio-Rad Laboratories Inc (NYSE:BIO), with an additional 852,685 shares, bringing the total to 1,566,190. This adjustment represents a significant 119.51% increase in share count, with a total value of $381,461,310.

Summary of Sold Out

First Eagle Investment (Trades, Portfolio) completely exited 28 holdings in the first quarter of 2025, including:

Charles Schwab Corp (NYSE:SCHW): First Eagle Investment (Trades, Portfolio) sold all 3,175,717 shares, resulting in a -0.52% impact on the portfolio. SPDR S&P 500 ETF Trust (SPY): First Eagle Investment (Trades, Portfolio) liquidated all 43,000 shares, causing a -0.06% impact on the portfolio.

Story Continues

Key Position Reduces

First Eagle Investment (Trades, Portfolio) also reduced positions in 153 stocks. Significant reductions include:

Reduced Flowserve Corp (NYSE:FLS) by 3,752,067 shares, resulting in a -48.48% decrease in shares and a -0.48% impact on the portfolio. The stock traded at an average price of $56.79 during the quarter and has returned -17.84% over the past 3 months and -11.44% year-to-date. Reduced American Express Co (NYSE:AXP) by 246,779 shares, resulting in a -10.49% reduction in shares and a -0.16% impact on the portfolio. The stock traded at an average price of $295.58 during the quarter and has returned -2.24% over the past 3 months and 1.16% year-to-date.

Portfolio Overview

As of the first quarter of 2025, First Eagle Investment (Trades, Portfolio)'s portfolio included 411 stocks. The top holdings were:

4.26% in Meta Platforms Inc (NASDAQ:META) 3.58% in Oracle Corp (NYSE:ORCL) 3.26% in HCA Healthcare Inc (NYSE:HCA) 3.18% in Imperial Oil Ltd (IMO) 3.12% in Willis Towers Watson PLC (NASDAQ:WTW)First Eagle Investment's Strategic Moves: Spotlight on Becton Dickinson & Co

The holdings are mainly concentrated in all 11 industries: Basic Materials, Healthcare, Communication Services, Consumer Defensive, Technology, Financial Services, Energy, Industrials, Real Estate, Consumer Cyclical, and Utilities.First Eagle Investment's Strategic Moves: Spotlight on Becton Dickinson & Co

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.

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