undamentalytics Newsletter
Sign in

Funds (13F)

First Eagle Investment Management, LLC

Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+13.0%
S&P 500 +14.1%
Last 12 months
+20.5%
S&P 500 +12.1%
Sharpe ratio
0.71
S&P 500 0.78
Biggest drop
−35.6%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$50.5k
StrategyS&P 500 $10,000 in First Eagle Investment Management, LLC from 16 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies First Eagle Investment Management, LLC's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

First Eagle Investment Management, LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+13.0%+14.1%
Total return+405%+470%
Last 12 months+20.5%+12.1%
Last 3 months+5.5%—
Last month+2.2%—
This year so far+11.7%—
Volatility a year16.4%16.0%
Sharpe ratio0.710.78
Biggest drop−35.6%−31.8%
Beta to the S&P 5000.931.00
Alpha a year (t-statistic)−0.0% (−0.01)—
Share of weeks up59%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
BDX3.9%——
META3.4%——
TSM3.4%——
ELV3.0%——
WPM3.0%——
IMO2.9%——
SLB2.5%——
BNY2.5%——
HCA2.4%——
ORCL2.3%——
WY2.3%——
WTW2.2%——
ADP2.2%——
CRM2.1%——
FNV2.1%——
ABEV2.1%——
NEM2.0%——
WDAY2.0%——
MDT2.0%——
PM2.0%——
OKE1.9%——
CMCSA1.8%——
BKNG1.6%——
AEM1.5%——
PPG1.5%——
BIO1.4%——
BRO1.4%——
CL1.4%——
IFF1.4%——
B1.4%——
MSFT1.4%——
CHRW1.3%——
UHS1.3%——
VMRK1.2%——
BXP1.2%——
NTR1.2%——
NOV1.1%——
AXP1.1%——
EXR1.1%——
USB1.0%——
OMC1.0%——
FISV1.0%——
NE1.0%——
DG1.0%——
DIS1.0%——
CHTR1.0%——
WAT0.9%——
CSL0.8%——
CFR0.8%——
FNF0.8%——
MICC0.8%——
IPGP0.7%——
CMI0.7%——
DE0.6%——
EXPD0.6%——
HCC0.6%——
AGI0.3%——
GOOGL0.3%——
RGLD0.3%——
DEI0.3%——
FERG0.3%——
AU0.2%——
GFI0.2%——
PAAS0.2%——
BTI0.2%——
SHEL0.2%——
EPD0.1%——
UL0.1%——
UCTT0.1%——
NG0.1%——
VSH0.1%——
SIMO0.1%——
COHU0.1%——
HLN0.1%——
BKD0.1%——
BTG0.1%——
HNGE0.1%——
MTRN0.1%——
VECO0.1%——
BHE0.1%——
AEIS0.1%——
NPO0.1%——
DCO0.1%——
ROG0.1%——
LINC0.1%——
ONTO0.1%——
ABCB0.1%——
TTMI0.1%——
IBP0.1%——
PLXS0.1%——
KALU0.1%——
KWR0.1%——
ONB0.1%——
SPB0.1%——
MAMA0.1%——
UTI0.1%——
RELY0.1%——
GHM0.1%——
HLIT0.0%——
CAE0.0%——
LPX0.0%——
MRVI0.0%——
HRI0.0%——
TEL0.0%——
CMC0.0%——
DORM0.0%——
AMBQ0.0%——
SBCF0.0%——
PNTG0.0%——
AX0.0%——
TKR0.0%——
AMRC0.0%——
AIN0.0%——
FLYW0.0%——
CYRX0.0%——
FUL0.0%——
ASYS0.0%——
LPG0.0%——
CON0.0%——
NVGS0.0%——
LAD0.0%——
CBT0.0%——
EXTR0.0%——
HD0.0%——
PKOH0.0%——
WCC0.0%——
GLNG0.0%——
ABM0.0%——
UNH0.0%——
ESI0.0%——
CHEF0.0%——
BDC0.0%——
ADTN0.0%——
CDNA0.0%——
FORM0.0%——
LOCO0.0%——
LFST0.0%——
CENX0.0%——
TITN0.0%——
ASTE0.0%——
FLOC0.0%——
GFF0.0%——
VLY0.0%——
AXS0.0%——
MUR0.0%——
HSTM0.0%——
TRNS0.0%——
OIS0.0%——
TRN0.0%——
CVLG0.0%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Aug 2013 to 2 Nov 2026+13.0%+14.1%0.710.78−35.6%0.93−0.0% (−0.01)
2018 onwards5 Jan 2018 to 2 Nov 2026+12.2%+13.9%0.570.66−35.6%0.92−0.5% (−0.19)
Last three years3 Nov 2023 to 2 Nov 2026+22.2%+21.8%1.211.16−11.7%0.75+4.3% (0.86)
Last year7 Nov 2025 to 2 Nov 2026+20.4%+14.2%1.110.84−10.7%0.72+8.3% (0.74)
DateCompanyAction
28 Aug 2026WNCBought
28 Aug 2026WENBought
28 Aug 2026VREXBought
28 Aug 2026VOYABought
28 Aug 2026TDCBought
28 Aug 2026SYNABought
28 Aug 2026SNDABought
28 Aug 2026SBLKBought
28 Aug 2026SANMBought
28 Aug 2026RILYBought
28 Aug 2026RELLBought
28 Aug 2026PSNBought
28 Aug 2026OSURBought
28 Aug 2026ONONBought
28 Aug 2026MTDRBought
28 Aug 2026LNTHBought
28 Aug 2026ITRIBought
28 Aug 2026INIOBought
28 Aug 2026HURCBought
28 Aug 2026HCCBought
28 Aug 2026GOBought
28 Aug 2026GFFBought
28 Aug 2026FTKBought
28 Aug 2026FRBTBought
28 Aug 2026FLXSBought

Dated at the rebalance that made the change.

DateCompanyAction
28 Aug 2026XRXSold
28 Aug 2026WMSSold
28 Aug 2026WCNSold
28 Aug 2026VSNTSold
28 Aug 2026VFCSold
28 Aug 2026UEICSold
28 Aug 2026SAROSold
28 Aug 2026QNSTSold
28 Aug 2026MSASold
28 Aug 2026LPLASold
28 Aug 2026LOPESold
28 Aug 2026KMPRSold
28 Aug 2026JLLSold
28 Aug 2026JBISold
28 Aug 2026GXOSold
28 Aug 2026GSMSold
28 Aug 2026GEOSSold
28 Aug 2026FORSold
28 Aug 2026EXPSold
28 Aug 2026EXESold
28 Aug 2026ECLSold
28 Aug 2026DXCMSold
28 Aug 2026DASHSold
28 Aug 2026CRNTSold
28 Aug 2026CLXSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest