First Eagle

Q2 2019 13F · by Kimball Brooker, portfolio manager

As of: Jun 30, 2019
Filed: Aug 13, 2019
US stock: $37.0B · prev $36.9B
Positions: 144 · prev 150
Options notional: $32M
Documents: 1· 1 amendment

Picture99.9% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 99.9%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.1%

Moves113 since the prior filing

+1.5 pp in · −1.4 pp out

New 4 +0.11 pp
Added 36 +1.42 pp
Trimmed 59 +0.93 pp
Exited 10 −2.31 pp

Options: 4 moves on a notional base, in the table below.

The book

Diversified · behaves like 49 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 10% a year, about 9.8 years per position

Low
Moderate
High

Top 5 positions19% of US stock

Revealed late, restated

restated 153 rows corrected by the filer · US stock +0.32%; later quarters recomputed 13F-HR/A · Aug 13, 2019 ↗

Positions144 in this filing · 10 exited


ORCLOracle Corp	4.94%	32,107,642	$1.8B	trimmed−0%	+0.25 pp	25 q
CMCSAComcast Corp	3.93%	34,454,278	$1.5B	trimmed−1%	+0.18 pp	25 q
XOMExxon Mobil Corp	3.90%	18,827,113	$1.4B	added+3%	−0.09 pp	25 q
SLBSLB Limited	3.34%	31,147,230	$1.2B	added+12%	+0.05 pp	25 q
NTRNutrien Ltd.	3.26%	22,578,166	$1.2B	trimmed−1%	+0.01 pp	6 q
WYWeyerhaeuser Company	3.15%	44,339,183	$1.2B	added+3%	+0.09 pp	25 q
99952EURLinde PLC/OLD	2.52%	4,640,868	$932M	trimmed−0%	+0.31 pp	3 q
PMPhilip Morris International Inc.	2.49%	11,739,607	$922M	trimmed−0%	−0.32 pp	5 q
CLColgate-Palmolive Company	2.48%	12,799,997	$917M	trimmed−0%	+0.10 pp	25 q
GLDSPDR Gold Trust, SPDR Gold Shares	2.35%	6,536,652	$871M	trimmed−4%	+0.11 pp	25 q
NEMNewmont Corporation	2.19%	21,111,148	$812M	added+76%	+1.03 pp	25 q
BNYBank of New York Mellon Corporation	2.17%	18,219,472	$804M	added+1%	−0.28 pp	25 q
DEDeere & Company	2.14%	4,772,994	$791M	added+1%	+0.10 pp	20 q
FTITechnipFMC plc	2.13%	30,443,334	$790M	trimmed−0%	+0.19 pp	10 q
ABXBarrick Mining Corporation	2.06%	48,329,394	$762M	added+1%	+0.28 pp	25 q
WTWWillis Towers Watson Public Limited Company	1.90%	3,681,269	$705M	trimmed−6%	+0.04 pp	14 q
OMCOmnicom Group Inc.	1.87%	8,462,279	$693M	trimmed−0%	+0.19 pp	25 q
WPMWheaton Precious Metals Corp.	1.84%	28,099,201	$679M	trimmed−0%	+0.03 pp	9 q
MMM3M Company	1.83%	3,902,344	$676M	trimmed−4%	−0.45 pp	25 q
BBTTruist Financial Corporation	1.73%	13,063,509	$642M	trimmed−0%	+0.08 pp	25 q
FLSFlowserve Corporation	1.73%	12,127,106	$639M	trimmed−3%	+0.20 pp	18 q
MSFTMicrosoft Corp	1.72%	4,741,604	$635M	trimmed−12%	−0.01 pp	25 q
IMOImperial Oil Limited	1.67%	22,285,460	$617M	added+1%	+0.03 pp	16 q
USBU.S. Bancorp	1.66%	11,723,215	$614M	trimmed−1%	+0.12 pp	25 q
UNPUnion Pacific Corp.	1.59%	3,473,509	$587M	trimmed−8%	−0.12 pp	16 q
AEMAgnico Eagle Mines Ltd.	1.57%	11,315,782	$580M	trimmed−5%	+0.17 pp	25 q
CHRWC.H. Robinson Worldwide, Inc.	1.56%	6,865,562	$579M	added+11%	+0.11 pp	10 q
NOVNOV Inc.	1.49%	24,771,599	$551M	added+7%	−0.19 pp	25 q
TDCTeradata Corporation	1.49%	15,417,158	$553M	added+2%	−0.29 pp	23 q
AXPAmerican Express Company	1.48%	4,439,493	$548M	trimmed−31%	−0.43 pp	25 q
WRBW.R. Berkley Corporation	1.36%	7,628,931	$503M	trimmed−24%	−0.17 pp	25 q
ADIAnalog Devices, Inc.	1.29%	4,219,788	$476M	trimmed−0%	+0.08 pp	18 q
ELVElevance Health, Inc.	1.28%	1,679,615	$474M	trimmed−9%	−0.15 pp	19 q
WFCWells Fargo & Co.	1.22%	9,540,561	$451M	added+15%	+0.14 pp	2 q
TXNTexas Instruments Incorporated	1.21%	3,891,205	$447M	trimmed−0%	+0.09 pp	16 q
YAlleghany Corporation	1.17%	636,433	$433M	trimmed−1%	+0.10 pp	25 q
METAMeta Platforms, Inc. Class A	1.15%	2,204,347	$425M	trimmed−1%	+0.15 pp	5 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	1.09%	10,310,611	$404M	added+5%	+0.01 pp	4 q
CMICummins Inc.	1.07%	2,312,020	$396M	trimmed−8%	0.00 pp	15 q
BRK.ABerkshire Hathaway Inc.	1.06%	1,228	$391M	trimmed−1%	+0.05 pp	25 q
UHSUniversal Health Services, Inc. Class B	1.06%	3,014,188	$393M	added+4%	+0.01 pp	5 q
BROBrown & Brown, Inc.	1.02%	11,243,077	$377M	trimmed−1%	+0.12 pp	21 q
XRAYDENTSPLY SIRONA Inc.	1.00%	6,335,828	$370M	trimmed−0%	+0.15 pp	5 q
FNVFranco-Nevada Corporation	0.99%	4,323,816	$367M	trimmed−6%	+0.05 pp	25 q
RGLDRoyal Gold Inc	0.87%	3,127,735	$321M	trimmed−1%	+0.09 pp	25 q
TRVThe Travelers Companies, Inc.	0.87%	2,158,526	$323M	trimmed−0%	+0.07 pp	10 q
HCAHCA Healthcare, Inc.	0.86%	2,367,387	$320M	added+4%	+0.06 pp	5 q
BKNGBooking Holdings Inc.	0.79%	155,500	$292M	added+9%	+0.11 pp	4 q
TIFTiffany & Co.	0.73%	2,899,861	$272M	trimmed−0%	−0.10 pp	14 q
SMGThe Scotts Miracle-Gro Company	0.71%	2,663,657	$262M	trimmed−7%	+0.10 pp	25 q
IPGPIPG Photonics Corporation	0.69%	1,655,373	$255M	added+2%	+0.02 pp	4 q
GOOGAlphabet Inc. Class C	0.68%	234,300	$253M	held	—	21 q
CVECenovus Energy Inc.	0.62%	25,889,025	$228M	trimmed−1%	+0.01 pp	25 q
SYFSynchrony Financial	0.61%	6,526,656	$226M	trimmed−8%	0.00 pp	16 q
CCUCompania Cervecerias Unidas S.A.	0.56%	7,345,787	$208M	added+2%	−0.01 pp	21 q
COPConocoPhillips	0.55%	3,363,944	$205M	held	—	25 q
GOOGLAlphabet Inc. Class A	0.53%	180,047	$195M	held	—	15 q
VARVarian Medical Systems, Inc.	0.50%	1,369,833	$186M	trimmed−10%	−0.08 pp	16 q
UGIUGI Corporation	0.48%	3,360,739	$179M	trimmed−0%	−0.02 pp	16 q
ARQLArqule Inc	0.47%	15,928,628	$175M	trimmed−1%	+0.26 pp	25 q
HRBH&R Block, Inc.	0.45%	5,670,746	$166M	trimmed−26%	−0.05 pp	25 q
DNOWDNOW Inc.	0.33%	8,264,531	$122M	trimmed−0%	+0.02 pp	21 q
LBTYKLiberty Global Ltd. Class C	0.27%	3,715,944	$99M	trimmed−47%	−0.19 pp	25 q
BALLBall Corporation	0.20%	1,039,172	$73M	trimmed−10%	+0.02 pp	9 q
DCPDCP Midstream, LP	0.20%	2,538,805	$74M	held	—	15 q
WYNTravel + Leisure Co.	0.20%	1,695,544	$74M	held	—	25 q
POSTPost Holdings, Inc.	0.17%	596,477	$62M	held	—	12 q
XRXXerox Holdings Corporation	0.14%	1,482,600	$52M	held	—	3 q
NGNovaGold Resources Inc.	0.13%	8,052,359	$48M	held	—	14 q
BTGB2Gold Corp.	0.12%	14,178,157	$43M	added+5%	+0.02 pp	17 q
MPCMarathon Petroleum Corporation	0.12%	789,771	$44M	added+3%	0.00 pp	4 q
MLMMartin Marietta Materials	0.12%	192,106	$44M	trimmed−37%	−0.05 pp	25 q
VSTOVista Outdoor Inc.	0.11%	4,617,351	$41M	held	—	18 q
WHWyndham Hotels & Resorts, Inc.	0.11%	737,968	$41M	held	—	5 q
ACTAllergan PLC	0.11%	253,479	$42M	added+13%	+0.02 pp	4 q
GDGeneral Dynamics Corporation	0.10%	205,647	$37M	added+62%	+0.04 pp	14 q
HPQHP Inc.	0.10%	1,750,809	$36M	trimmed−39%	−0.05 pp	12 q
KKRKKR & Co. Inc.	0.10%	1,459,780	$37M	added+7%	+0.01 pp	4 q
PKGPackaging Corp of America	0.10%	386,873	$37M	trimmed−29%	−0.05 pp	15 q
FTDRFrontdoor, Inc.	0.09%	803,799	$35M	held	—	3 q
QRVOQorvo, Inc.	0.09%	486,885	$32M	held	—	5 q
UNVRUnivar Solutions Inc.	0.09%	1,503,750	$33M	held	—	13 q
unresolvedAon PLC	0.09%	174,389	$34M	trimmed−1%	+0.01 pp	4 q
PRGOPerrigo Company PLC	0.09%	712,600	$34M	added+4%	0.00 pp	4 q
AUAngloGold Ashanti plc	0.08%	1,583,771	$28M	added+4%	+0.03 pp	25 q
unresolvedCree Inc	0.08%	517,700	$29M	trimmed−8%	−0.01 pp	3 q
HALOHalozyme Therapeutics, Inc.	0.08%	1,696,275	$29M	trimmed−20%	−0.01 pp	23 q
MQ8Mag Silver Corp	0.08%	2,942,988	$31M	added+4%	0.00 pp	18 q
NVTnVent Electric plc	0.08%	1,151,218	$29M	trimmed−18%	−0.02 pp	5 q
unresolvedIsrael Chemicals Ltd	0.08%	5,358,730	$28M	held	—	20 q
ICEIntercontinental Exchange Inc.	0.07%	318,127	$27M	held	—	8 q
NGLNgl Energy Partners LP	0.07%	1,832,015	$27M	held	—	18 q
AGIAlamos Gold Inc. Class A	0.06%	3,679,538	$22M	added+24%	+0.02 pp	11 q
unresolvedIntevac Inc	0.06%	4,523,414	$22M	held	—	25 q
SERVTerminix Global Holdings Inc	0.06%	426,757	$22M	trimmed−61%	−0.08 pp	6 q
DRRXDurect Corp	0.05%	26,476,546	$17M	added+18%	+0.01 pp	25 q
EFXEquifax, Incorporated	0.05%	130,916	$18M	held	—	5 q
MDCOMedicines Co	0.05%	478,373	$17M	trimmed−3%	+0.01 pp	13 q
SJTSan Juan Basin Royalty Trust UBI	0.05%	5,064,630	$19M	held	—	25 q
SHWThe Sherwin-Williams Company	0.05%	37,200	$17M	added×6.4	+0.04 pp	2 q
ZZillow Group, Inc. Class C	0.05%	419,700	$19M	added×4.3	+0.04 pp	3 q
HUNHuntsman Corporation	0.04%	788,266	$16M	held	—	7 q
INVAInnoviva, Inc.	0.04%	1,084,500	$16M	added×2.6	+0.02 pp	14 q
99803EURLaboratory Crp Of Amer Hldgs	0.04%	91,400	$16M	new	+0.04 pp	new
SHLXShell Midstream Partners, L.P.	0.04%	790,797	$16M	held	—	6 q
AJRDAerojet Rocketdyne Holdings, Inc.	0.03%	209,477	$9M	trimmed−67%	−0.03 pp	5 q
CNDTConduent Incorporated	0.03%	1,211,203	$12M	added+21%	−0.01 pp	4 q
ENTGEntegris Inc	0.03%	293,100	$11M	new	+0.03 pp	new
unresolvedHaymaker Acquisition Corp II	0.03%	1,000,000	$10M	new	+0.03 pp	new
INVEINVE Technologies, Inc.	0.03%	1,853,004	$9M	held	—	20 q
IDNIntellicheck, Inc.	0.03%	1,748,678	$10M	trimmed−2%	+0.01 pp	12 q
KGCKinross Gold Corporation	0.03%	2,923,756	$11M	added+5%	0.00 pp	5 q
WFC.PRLWells Fargo & Company	0.03%	8,535	$12M	held	—	2 q
XONPrecigen, Inc.	0.02%	842,665	$6M	held	—	21 q
LSXMKLiberty Media Cor-siriusxm C	0.02%	158,810	$6M	held	—	13 q
NSNuStar Energy L.P.	0.02%	250,000	$7M	held	—	25 q
SPGIS&P Global Inc.	0.02%	40,000	$9M	held	—	13 q
AKTSQAkoustis Technologies Inc	0.01%	304,490	$2M	held	—	3 q
AMPAmeriprise Financial, Inc.	0.01%	21,324	$3M	held	—	10 q
BLFSBioLife Solutions Inc.	0.01%	177,578	$3M	held	—	3 q
unresolvedCui Global Inc	0.01%	3,400,542	$3M	trimmed−1%	0.00 pp	22 q
FLNAFilana Therapeutics, Inc.	0.01%	1,695,395	$2M	trimmed−0%	0.00 pp	2 q
KODKEastman Kodak Company	0.01%	1,361,118	$3M	held	—	3 q
unresolvedIndependence Hldg Co New	0.01%	109,423	$4M	held	—	25 q
JPMJPMorgan Chase & Co.	0.01%	30,000	$3M	held	—	25 q
KNKnowles Corporation	0.01%	121,241	$2M	new	+0.01 pp	new
LM03Liberty Media Cor-siriusxm A	0.01%	79,405	$3M	held	—	13 q
TRAKReposiTrak, Inc.	0.01%	436,445	$2M	added+23%	0.00 pp	23 q
TXMDTherapeuticsMD, Inc.	0.01%	1,443,856	$4M	held	—	7 q
VCVisteon Corporation	0.01%	81,300	$5M	trimmed−70%	−0.04 pp	21 q
RMTORM2 International Inc	0.00%	2,158,467	$971,000	trimmed−1%	−0.01 pp	17 q
CNSTConstellation Pharmaceutical	0.00%	28,464	$350,000	trimmed−77%	0.00 pp	3 q
INFIQInfinity Pharms Inc	0.00%	500,000	$900,000	held	—	5 q
BATRAAtlanta Braves Holdings, Inc. Series A	0.00%	7,939	$221,000	held	—	13 q
BATRKAtlanta Braves Holdings, Inc. Series C	0.00%	15,880	$444,000	held	—	13 q
MTBM&T Bank Corp.	0.00%	7,032	$1M	held	—	25 q
RIBTRicebran Techs	0.00%	187,500	$546,000	held	—	8 q
PHYSSprott Physical Gold Trust	0.00%	12,540	$142,000	held	—	10 q
SNSSViracta Therapeutics Inc	0.00%	294,480	$214,000	held	—	12 q
unresolvedSuper League Gaming Inc	0.00%	93,620	$800,000	added+14%	0.00 pp	2 q
ASNSX4 Pharmaceuticals Inc	0.00%	35,730	$536,000	added+72%	0.00 pp	2 q
LBTYALiberty Global Ltd. Class A	0.00%	22,989	$620,000	held	—	25 q
LILALiberty Latin America Ltd. Class A	0.00%	4,017	$69,000	held	—	7 q
LILAKLiberty Latin America Ltd. Class C	0.00%	12,166	$209,000	held	—	7 q
18614USDGoldcorp Inc	—	−26,833,590	—	exited	−0.83 pp	—
CTASCintas Corp	—	−874,865	—	exited	−0.48 pp	—
CINFCincinnati Financial Corp	—	−1,927,856	—	exited	−0.45 pp	—
CCThe Chemours Company	—	−1,876,420	—	exited	−0.19 pp	—
XLNXXilinx Inc	—	−528,662	—	exited	−0.18 pp	—
VSMVersum Materials, Inc.	—	−589,475	—	exited	−0.08 pp	—
ALXNAlexion Pharmaceuticals Inc	—	−145,900	—	exited	−0.05 pp	—
BBBlackBerry Limited	—	−1,486,362	—	exited	−0.04 pp	—
EGOEldorado Gold Corporation	—	−968,038	—	exited	−0.01 pp	—
KOPNKopin Corp	—	−200,000	—	exited	0.00 pp	—

Other 13(f) securities

Options 9

Contract	% of notional	Shares	Notional
EFX CALL	50.02%	3,000	$16M
WDC CALL	22.84%	7,000	$7M
ALB CALL	10.83%	4,000	$3M
SNAP CALL	5.48%	3,500	$2M
PRGO CALL	4.37%	1,000	$1M
UNVR PUT	4.26%	7,500	$1M
TSN CALL	1.73%	250	$548,000
QRVO PUT	0.25%	2,000	$80,000
PKG PUT	0.21%	2,000	$65,000

Notes 0

None in this filing

Source

Form: 13F-HR/A
Reading: 1 defect · 8 unresolved
Accession: 0001325447-19-000034
Notes: none in this filing
SEC cross-check: SEC data set not published yet

The filing disagrees with its own cover page — cover page declares value 37052196; table sums 36981813 (Δ -70383) — kept, the table is the record

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