First Eagle Investment Management, LLC
First Eagle Investment Management, LLC is a leading independent investment management firm headquartered in New York, NY, with a heritage dating back to 1864. Registered as an investment adviser since 1995, FEIM serves institutional and retail clients, offering a variety of equity, fixed income, and alternative investment strategies. As of 2025, the firm employs around 359 professionals and is a subsidiary of First Eagle Holdings.
Investment Strategy
First Eagle Investment Management, LLC pursues a value-oriented, fundamental investment approach with an emphasis on preserving capital and achieving attractive risk-adjusted returns. The firm specializes in global, flexible strategies across equities, fixed income, and alternatives, balancing downside protection with long-term capital growth. First Eagle is known for prudent security selection, risk aversion, and seeking businesses with resilient franchises and strong balance sheets.
Latest 13F Filing Activity
First Eagle Investment Management, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 382 equity positions and 1 options positions with a total 13F market value of $51B. The fund increased holdings in Barrick MNG Corp., Oracle Corp., Taiwan Semiconductor MFG LTD among other positions. First Eagle Investment Management, LLC reduced exposure to Barrick Gold Corp., Berkshire Hathaway Inc. Del, Brown & Brown Inc. among others.
Top Holdings
Equity Positions (382)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M META | META PLATFORMS INC | 4.83% | $2.46B | 3,332,941 | $190.12 | $738.09 | +$416.9M |
O ORCL | ORACLE CORP | 4.79% | $2.44B | 11,148,566 | $34.77 | $218.63 | +$720.1M |
I IMO | IMPERIAL OIL LTD | 3.20% | $1.63B | 20,491,197 | $29.02 | $79.48 | +$106.6M |
W WPM | WHEATON PRECIOUS METALS CORP | 3.19% | $1.63B | 18,096,257 | $24.24 | $89.80 | +$182.6M |
H HCA | HCA HEALTHCARE INC | 3.17% | $1.61B | 4,209,857 | $145.22 | $383.10 | +$50.2M |
Options Positions (1)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
H HYG | ISHARES TR | Bought | Put | $967.8M | 120,000 | $80.65 | $79.70 | +55,000 | +$449.6M |
Industry Allocation
Investment Team (43)
| Name | Role | Location | |
|---|---|---|---|
 | Senior Research Analyst | New York, NY , United States | |
B Benjamin Bahr | Portfolio Manager and Senior Analyst | New York, NY , United States | |
 | VP Equity Trader | New York, NY , United States | |
C Connor Burke | Associate | Libertyville, IL , United States | |
E Edward Meigs | Portfolio Manager | Baltimore, MD , United States | |
E Emily Howard | Senior Sovereign Research Analyst | New York, NY , United States | |
 | Senior Analyst | Chicago, IL , United States | |
 | Portfolio Manager | New York, NY , United States | |
 | Portfolio Manager | New York, NY , United States | |
 | Senior Portfolio Analyst | Chicago, IL , United States |