Jean-Marie Eveillard - First Eagle U.S. Value 13F Activity & Position Changes (Q1 2025)

As of Mar 31, 2025, the First Eagle U.S. Value portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 12, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2025, the filing reported:

New Buys - Boise Cascade, L.L.C., Core Natural Resources, Clearwater Paper Corporation, Carlisle Companies Incorporated, Custom Truck One Source, Inc., and 10 more

Increases - RBB Fund, RBB Fund, Ambev S.A., Acco Brands Corporation, Advanced Energy Industries, Inc, and 225 more

Reductions - Ameris Bancorp, Arcosa, Inc., Accenture plc, Analog Devices, Inc., ADTRAN Holdings, Inc., and 149 more

Complete Exits - Armada Hoffler Properties, Inc., Arch Resources, Inc., Ashland Inc., Barnes Group, Inc., Brightcove Inc., and 23 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2025	75526L878 RBB Fund	RBB Fund	Buy	+17,780	+177.8%	$1.09M	27,780
Q1 2025	75526L886 RBB Fund	RBB Fund	Buy	+17,635	+176.3%	$1.04M	27,635
Q1 2025	ABCB Ameris Bancorp	Ameris Bancorp	Sell	-89,500	-32.9%	$10.52M	182,783
Q1 2025	ABEV Ambev S.A.	Ambev S.A.	Buy	+2,052,558	+0.6%	$795.87M	341,577,145
Q1 2025	ACA Arcosa, Inc.	Arcosa, Inc.	Sell	-4,200	-3.1%	$10.29M	133,480
Q1 2025	ACCO Acco Brands Corporation	Acco Brands Corporation	Buy	+229,239	+46.7%	$3.02M	719,764
Q1 2025	ACN Accenture plc	Accenture plc	Sell	-28	-1.1%	$820.04K	2,628
Q1 2025	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell	-2,247	-0.1%	$575.63M	2,854,306
Q1 2025	ADTN ADTRAN Holdings, Inc.	ADTRAN Holdings, Inc.	Sell	-102,700	-8.2%	$9.98M	1,144,107
Q1 2025	AEIS Advanced Energy Industries, Inc	Advanced Energy Industries, Inc	Buy	+5,850	+5.2%	$11.34M	118,983
Q1 2025	AEM Agnico Eagle Mines Limited	Agnico Eagle Mines Limited	Sell	-141,402	-2.1%	$708.14M	6,535,053
Q1 2025	AGI Alamos Gold Inc.	Alamos Gold Inc.	Sell	-386,614	-5.7%	$170.99M	6,398,366
Q1 2025	AHCO AdaptHealth Corp.	AdaptHealth Corp.	Sell	-15,500	-1.8%	$9.12M	841,636
Q1 2025	AHH Armada Hoffler Properties, Inc.	Armada Hoffler Properties, Inc.	Sell - Position Exit	-683,736	-100.0%	$0.00	-
Q1 2025	AIR AAR Corp.	AAR Corp.	Sell	-74,188	-34.7%	$7.82M	139,715
Q1 2025	AIRG Airgain, Inc.	Airgain, Inc.	Sell	-8,855	-1.6%	$1.88M	559,214
Q1 2025	AL Air Lease Corporation	Air Lease Corporation	Buy	+4,800	+1.9%	$12.70M	262,987
Q1 2025	ALGN Align Technology, Inc.	Align Technology, Inc.	Sell	-2,944	-69.0%	$209.69K	1,320
Q1 2025	ALTG Alta Equipment Group Inc.	Alta Equipment Group Inc.	Buy	+285,804	+72.2%	$3.20M	681,659
Q1 2025	AMKR Amkor Technology, Inc.	Amkor Technology, Inc.	Sell	-106,800	-20.1%	$7.67M	424,500
Q1 2025	AMRC Ameresco, Inc.	Ameresco, Inc.	Buy	+145,291	+34.5%	$6.84M	566,427
Q1 2025	AMWD American Woodmark Corporation	American Woodmark Corporation	Buy	+45,800	+55.3%	$7.57M	128,600
Q1 2025	ANGO AngioDynamics, Inc.	AngioDynamics, Inc.	Sell	-32,500	-7.9%	$3.55M	377,835
Q1 2025	AORT Artivion, Inc.	Artivion, Inc.	Sell	-158,500	-26.8%	$10.65M	433,215
Q1 2025	ARCH Arch Resources, Inc.	Arch Resources, Inc.	Sell - Position Exit	-69,100	-100.0%	$0.00	-
Q1 2025	ARMK Aramark	Aramark	Buy	+1,000	+6.5%	$567.34K	16,435
Q1 2025	ASH Ashland Inc.	Ashland Inc.	Sell - Position Exit	-156,050	-100.0%	$0.00	-
Q1 2025	ASIX AdvanSix Inc.	AdvanSix Inc.	Sell	-239,337	-51.5%	$5.10M	225,324
Q1 2025	ASTE Astec Industries, Inc.	Astec Industries, Inc.	Buy	+54,799	+22.3%	$10.36M	300,650
Q1 2025	ASUR Asure Software Inc	Asure Software Inc	Sell	-115,000	-29.7%	$2.60M	272,620

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