Jean-Marie Eveillard - First Eagle U.S. Value Options Holdings (Q1 2023)

According to the SEC 13F filed on Nov 10, 2026, the First Eagle U.S. Value portfolio disclosed options positions as of quarter-end Sep 30, 2026. These positions include call and put options tied to underlying equity holdings, providing a deeper look at the fund's use of derivatives for exposure and hedging.

The reported options activity included 1 call contract and 1 put contract across companies such as SPDR S&P 500 (SPY), iShares MSCI Emerging Index Fun (EEM). Options positions can signal strategies around hedging risk, enhancing leverage, or adjusting portfolio exposure during market shifts.

Options Positions

Showing 2 of 2 positions.

Quarter	Symbol	Company	Option	Contracts	Notional Value
Q1 2023	SPY	SPDR S&P 500	PUT	150,000	$61,408,500.00
Q1 2023	EEM	iShares MSCI Emerging Index Fun	CALL	200,000	$7,892,000.00

Note: Notional value represents the total exposure of the options position.