Jean-Marie Eveillard - First Eagle U.S. Value 13F Activity & Position Changes (Q2 2020)

According to the SEC 13F filed on Aug 05, 2026, the First Eagle U.S. Value portfolio showed several notable changes in holdings as of quarter-end Jun 30, 2020. 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 Q2 2020, the filing reported:

New Buys - Aon Plc, Biogen Inc., BXP, Inc., Salesforce, Inc., Douglas Emmett, Inc., and 1 more

Increases - Ambev S.A., AutoZone, Inc., The Bank of New York Mellon Cor, Booking Holdings Inc. Common St, Brown & Brown, Inc., and 30 more

Reductions - Analog Devices, Inc., Agnico Eagle Mines Limited, American Express Company, Berkshire Hathaway Inc., Colgate-Palmolive Company, and 29 more

Complete Exits - Alnylam Pharmaceuticals, Inc., Air Products and Chemicals, Inc, Cenovus Energy Inc, DNOW Inc., Entegris, Inc., and 4 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
Q2 2020	ABEV Ambev S.A.	Ambev S.A.	Buy	+43,903,502	+26.6%	$551.85K	209,032,680
Q2 2020	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell	-2,092	-0.1%	$484.93K	3,954,092
Q2 2020	AEM Agnico Eagle Mines Limited	Agnico Eagle Mines Limited	Sell	-6,480	-0.1%	$529.09K	8,262,910
Q2 2020	ALNY Alnylam Pharmaceuticals, Inc.	Alnylam Pharmaceuticals, Inc.	Sell - Position Exit	-26,500	-100.0%	$0.00	-
Q2 2020	AON Aon Plc	Aon Plc	Buy - Position Entry	+206,189	-	$39.71K	206,189
Q2 2020	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Sell - Position Exit	-13,200	-100.0%	$0.00	-
Q2 2020	AXP American Express Company	American Express Company	Sell	-851,989	-22.3%	$282.89K	2,971,494
Q2 2020	AZO AutoZone, Inc.	AutoZone, Inc.	Buy	+14,600	+85.9%	$35.65K	31,600
Q2 2020	BIIB Biogen Inc.	Biogen Inc.	Buy - Position Entry	+57,300	-	$15.33K	57,300
Q2 2020	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+50,870	+0.3%	$714.76K	18,493,137
Q2 2020	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy	+1,106	+0.5%	$372.53K	233,954
Q2 2020	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-108	-8.9%	$296.17K	1,108
Q2 2020	BRO Brown & Brown, Inc.	Brown & Brown, Inc.	Buy	+8,994	+0.1%	$347.06K	8,514,816
Q2 2020	BXP BXP, Inc.	BXP, Inc.	Buy - Position Entry	+547,822	-	$49.51K	547,822
Q2 2020	CCU Compania Cervecerias Unidas, S.	Compania Cervecerias Unidas, S.	Buy	+80,386	+0.7%	$176.08K	12,296,133
Q2 2020	CHRW C.H. Robinson Worldwide, Inc.	C.H. Robinson Worldwide, Inc.	Buy	+125,907	+1.2%	$858.90K	10,863,895
Q2 2020	CL Colgate-Palmolive Company	Colgate-Palmolive Company	Sell	-1,981	-0.0%	$913.94K	12,475,255
Q2 2020	CMCSA Comcast Corporation	Comcast Corporation	Buy	+16,415	+0.1%	$1.27M	32,610,514
Q2 2020	CMI Cummins Inc.	Cummins Inc.	Buy	+10,440	+0.5%	$383.23K	2,211,884
Q2 2020	CRM Salesforce, Inc.	Salesforce, Inc.	Buy - Position Entry	+1,413,810	-	$264.85K	1,413,810
Q2 2020	CVE Cenovus Energy Inc	Cenovus Energy Inc	Sell - Position Exit	-2,078,805	-100.0%	$0.00	-
Q2 2020	DE Deere & Company	Deere & Company	Sell	-9,398	-0.2%	$649.82K	4,135,033
Q2 2020	DEI Douglas Emmett, Inc.	Douglas Emmett, Inc.	Buy - Position Entry	+33,800	-	$1.04K	33,800
Q2 2020	DNOW DNOW Inc.	DNOW Inc.	Sell - Position Exit	-2,927,591	-100.0%	$0.00	-
Q2 2020	DVA DaVita Inc.	DaVita Inc.	Buy	+115,600	+310.8%	$12.09K	152,800
Q2 2020	EFX Equifax, Inc.	Equifax, Inc.	Sell	-209,800	-79.5%	$9.30K	54,100
Q2 2020	ELV Elevance Health, Inc.	Elevance Health, Inc.	Buy	+7,154	+0.3%	$567.90K	2,159,483
Q2 2020	ENTG Entegris, Inc.	Entegris, Inc.	Sell - Position Exit	-341,300	-100.0%	$0.00	-
Q2 2020	EPD Enterprise Products Partners L.	Enterprise Products Partners L.	Buy	+427,039	+72.9%	$18.41K	1,013,016
Q2 2020	EQR Equity Residential	Equity Residential	Buy	+1,126,530	+50.7%	$196.89K	3,347,372

Page 1 of 3