Jean-Marie Eveillard - First Eagle U.S. Value 13F Activity & Position Changes (Q4 2025)

As of Dec 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 Feb 04, 2026. 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 Q4 2025, the filing reported:

New Buys - StandardAero, ABM Industries Incorporated, Allegiant Travel Company, Air Products and Chemicals, Inc, AtriCure, Inc., and 44 more

Increases - Hinge Health, Ameris Bancorp, Axcelis Technologies, Inc., ADTRAN Holdings, Inc., Albany International Corporatio, and 163 more

Reductions - Ambev S.A., Arcosa, Inc., Acco Brands Corporation, Accenture plc, Analog Devices, Inc., and 163 more

Complete Exits - American Woodmark Corporation, Arq, Inc., Avnet, Inc., Backblaze, Inc., Cars.com Inc., and 29 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
Q4 2025	433313103 Hinge Health	Hinge Health	Buy	+138,751	+167.2%	$10.30M	221,751
Q4 2025	85423L103 StandardAero	StandardAero	Buy - Position Entry	+23,500	-	$673.98K	23,500
Q4 2025	ABCB Ameris Bancorp	Ameris Bancorp	Buy	+7,050	+3.6%	$15.12M	203,614
Q4 2025	ABEV Ambev S.A.	Ambev S.A.	Sell	-2,540,740	-0.8%	$830.06M	336,057,984
Q4 2025	ABM ABM Industries Incorporated	ABM Industries Incorporated	Buy - Position Entry	+180,218	-	$7.62M	180,218
Q4 2025	ACA Arcosa, Inc.	Arcosa, Inc.	Sell	-2,950	-2.3%	$13.34M	125,462
Q4 2025	ACCO Acco Brands Corporation	Acco Brands Corporation	Sell	-3,000	-0.3%	$3.22M	862,369
Q4 2025	ACLS Axcelis Technologies, Inc.	Axcelis Technologies, Inc.	Buy	+5,960	+4.6%	$10.95M	136,318
Q4 2025	ACN Accenture plc	Accenture plc	Sell	-14	-0.5%	$686.58K	2,559
Q4 2025	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell	-4,822	-0.2%	$549.40M	2,025,829
Q4 2025	ADTN ADTRAN Holdings, Inc.	ADTRAN Holdings, Inc.	Buy	+26,000	+2.2%	$10.73M	1,235,207
Q4 2025	AEIS Advanced Energy Industries, Inc	Advanced Energy Industries, Inc	Sell	-17,700	-15.2%	$20.62M	98,473
Q4 2025	AEM Agnico Eagle Mines Limited	Agnico Eagle Mines Limited	Sell	-66,141	-1.3%	$880.56M	5,192,410
Q4 2025	AGI Alamos Gold Inc.	Alamos Gold Inc.	Sell	-75,026	-1.2%	$238.38M	6,173,289
Q4 2025	AIN Albany International Corporatio	Albany International Corporatio	Buy	+72,829	+123.4%	$6.68M	131,829
Q4 2025	AIR AAR Corp.	AAR Corp.	Buy	+11,300	+22.5%	$5.10M	61,619
Q4 2025	AIRG Airgain, Inc.	Airgain, Inc.	Sell	-54,971	-10.9%	$1.83M	450,765
Q4 2025	AL Air Lease Corporation	Air Lease Corporation	Sell	-24,809	-36.3%	$2.80M	43,522
Q4 2025	ALGT Allegiant Travel Company	Allegiant Travel Company	Buy - Position Entry	+45,343	-	$3.87M	45,343
Q4 2025	ALTG Alta Equipment Group Inc.	Alta Equipment Group Inc.	Sell	-18,000	-2.3%	$3.52M	764,591
Q4 2025	AMRC Ameresco, Inc.	Ameresco, Inc.	Sell	-145,699	-20.2%	$16.83M	574,673
Q4 2025	AMWD American Woodmark Corporation	American Woodmark Corporation	Sell - Position Exit	-159,300	-100.0%	$0.00	-
Q4 2025	ANGO AngioDynamics, Inc.	AngioDynamics, Inc.	Sell	-9,600	-3.5%	$3.44M	267,735
Q4 2025	AORT Artivion, Inc.	Artivion, Inc.	Sell	-33,500	-9.8%	$14.00M	306,893
Q4 2025	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Buy - Position Entry	+16	-	$3.95K	16
Q4 2025	ARQ Arq, Inc.	Arq, Inc.	Sell - Position Exit	-160,731	-100.0%	$0.00	-
Q4 2025	ASIX AdvanSix Inc.	AdvanSix Inc.	Sell	-47,000	-21.2%	$3.03M	175,024
Q4 2025	ASPN Aspen Aerogels, Inc.	Aspen Aerogels, Inc.	Buy	+105,164	+20.3%	$1.76M	622,487
Q4 2025	ASTE Astec Industries, Inc.	Astec Industries, Inc.	Sell	-15,900	-5.3%	$12.23M	282,250
Q4 2025	ASYS Amtech Systems, Inc.	Amtech Systems, Inc.	Sell	-18,000	-2.4%	$9.22M	734,346

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