Jean-Marie Eveillard - First Eagle U.S. Value 13F Activity & Position Changes (Q3 2025)

As of Sep 30, 2025, the First Eagle U.S. Value portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 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 Q3 2025, the filing reported:

New Buys - Hinge Health, Albany International Corporatio, Arq, Inc., Aspen Aerogels, Inc., CBIZ, Inc., and 29 more

Increases - Ameris Bancorp, Acco Brands Corporation, Axcelis Technologies, Inc., ADTRAN Holdings, Inc., Alamos Gold Inc., and 180 more

Reductions - Ambev S.A., Arcosa, Inc., Accenture plc, Analog Devices, Inc., Advanced Energy Industries, Inc, and 161 more

Complete Exits - AdaptHealth Corp., Align Technology, Inc., Asure Software Inc, The AZEK Company Inc., Carpenter Technology Corporatio, and 26 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
Q3 2025	433313103 Hinge Health	Hinge Health	Buy - Position Entry	+83,000	-	$4.07M	83,000
Q3 2025	ABCB Ameris Bancorp	Ameris Bancorp	Buy	+15,006	+8.3%	$14.41M	196,564
Q3 2025	ABEV Ambev S.A.	Ambev S.A.	Sell	-63,145	-0.0%	$755.08M	338,598,724
Q3 2025	ACA Arcosa, Inc.	Arcosa, Inc.	Sell	-2,068	-1.6%	$12.03M	128,412
Q3 2025	ACCO Acco Brands Corporation	Acco Brands Corporation	Buy	+1,600	+0.2%	$3.45M	865,369
Q3 2025	ACLS Axcelis Technologies, Inc.	Axcelis Technologies, Inc.	Buy	+57,358	+78.6%	$12.73M	130,358
Q3 2025	ACN Accenture plc	Accenture plc	Sell	-24	-0.9%	$634.50K	2,573
Q3 2025	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell	-214,182	-9.5%	$498.93M	2,030,651
Q3 2025	ADTN ADTRAN Holdings, Inc.	ADTRAN Holdings, Inc.	Buy	+75,600	+6.7%	$11.34M	1,209,207
Q3 2025	AEIS Advanced Energy Industries, Inc	Advanced Energy Industries, Inc	Sell	-3,710	-3.1%	$19.77M	116,173
Q3 2025	AEM Agnico Eagle Mines Limited	Agnico Eagle Mines Limited	Sell	-12,818	-0.2%	$885.49M	5,258,551
Q3 2025	AGI Alamos Gold Inc.	Alamos Gold Inc.	Buy	+7,199	+0.1%	$217.75M	6,248,315
Q3 2025	AHCO AdaptHealth Corp.	AdaptHealth Corp.	Sell - Position Exit	-729,636	-100.0%	$0.00	-
Q3 2025	AIN Albany International Corporatio	Albany International Corporatio	Buy - Position Entry	+59,000	-	$3.14M	59,000
Q3 2025	AIR AAR Corp.	AAR Corp.	Sell	-2,551	-4.8%	$4.51M	50,319
Q3 2025	AIRG Airgain, Inc.	Airgain, Inc.	Sell	-16,494	-3.2%	$2.19M	505,736
Q3 2025	AL Air Lease Corporation	Air Lease Corporation	Sell	-172,046	-71.6%	$4.35M	68,331
Q3 2025	ALGN Align Technology, Inc.	Align Technology, Inc.	Sell - Position Exit	-995	-100.0%	$0.00	-
Q3 2025	ALTG Alta Equipment Group Inc.	Alta Equipment Group Inc.	Sell	-9,512	-1.2%	$5.67M	782,591
Q3 2025	AMRC Ameresco, Inc.	Ameresco, Inc.	Sell	-33,435	-4.4%	$24.19M	720,372
Q3 2025	AMWD American Woodmark Corporation	American Woodmark Corporation	Buy	+27,000	+20.4%	$10.63M	159,300
Q3 2025	ANGO AngioDynamics, Inc.	AngioDynamics, Inc.	Sell	-28,000	-9.2%	$3.10M	277,335
Q3 2025	AORT Artivion, Inc.	Artivion, Inc.	Sell	-74,622	-18.0%	$14.41M	340,393
Q3 2025	ARMK Aramark	Aramark	Sell	-3,843	-23.5%	$479.42K	12,485
Q3 2025	ARQ Arq, Inc.	Arq, Inc.	Buy - Position Entry	+160,731	-	$1.15M	160,731
Q3 2025	ASPN Aspen Aerogels, Inc.	Aspen Aerogels, Inc.	Buy - Position Entry	+517,323	-	$3.60M	517,323
Q3 2025	ASTE Astec Industries, Inc.	Astec Industries, Inc.	Buy	+6,100	+2.1%	$14.35M	298,150
Q3 2025	ASUR Asure Software Inc	Asure Software Inc	Sell - Position Exit	-185,046	-100.0%	$0.00	-
Q3 2025	ASYS Amtech Systems, Inc.	Amtech Systems, Inc.	Sell	-48,036	-6.0%	$6.97M	752,346
Q3 2025	ATEC Alphatec Holdings, Inc.	Alphatec Holdings, Inc.	Sell	-10,300	-1.5%	$10.15M	698,137

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