This article first appeared on GuruFocus.
First Eagle Investment (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2026, 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 37 stocks, among them:
The most significant addition was Automatic Data Processing Inc (NASDAQ:ADP), with 2,849,784 shares, accounting for 0.98% of the portfolio and a total value of $579.02 million.
The second largest addition to the portfolio was Brown & Brown Inc (NYSE:BRO), consisting of 8,823,162 shares, representing approximately 0.98% of the portfolio, with a total value of $575.36 million.
The third largest addition was Waters Corp (NYSE:WAT), with 1,575,187 shares, accounting for 0.8% of the portfolio and a total value of $469.09 million.
Key Position Increases
First Eagle Investment (Trades, Portfolio) also increased stakes in a total of 230 stocks, among them:
The most notable increase was Workday Inc (NASDAQ:WDAY), with an additional 3,269,940 shares, bringing the total to 7,608,713 shares. This adjustment represents a significant 75.37% increase in share count, a 0.72% impact on the current portfolio, with a total value of $988.52 million.
The second largest increase was Salesforce Inc (NYSE:CRM), with an additional 1,813,358 shares, bringing the total to 6,132,564. This adjustment represents a significant 41.98% increase in share count, with a total value of $1,144.77 million.
