Jean-Marie Eveillard's Q1 Portfolio Shifts: Key Gains and Losses

Jean-Marie Eveillard's First Eagle U.S. Value fund saw significant changes in its top holdings during the quarter, with notable increases in Becton Dickinson and Fomento Economico Mexicano, alongside substantial decreases in Wheaton Precious Metals and Imperial Oil.

By AI Generated.May 13, 2026, 11:32 AM

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First Eagle U.S. Value

Jean-Marie Eveillard's Q1 Portfolio Shifts: Key Gains and Losses

As of March 31, 2026, Jean-Marie Eveillard's First Eagle U.S. Value fund showed significant shifts in its top holdings for the quarter, reflecting strategic adjustments across various sectors.

Among the most notable increases were Becton Dickinson & Co. (BDX), where shares increased by 19.35%, and Fomento Economico Mexicano S.A.B. de C.V. (FMX), which saw a 3.15% rise in holdings. These moves suggest confidence in certain healthcare and consumer sectors.

Conversely, the fund significantly reduced its positions in several companies. Wheaton Precious Metals Corp. (WPM) experienced a 17.5% decrease in shares, while Imperial Oil Ltd. (IMO) saw a substantial 30.64% reduction. Technology sector holdings in Taiwan Semiconductor Manufacturing Co. (TSM) also dropped significantly by 41.76%, indicating a notable shift away from this sector.

Other significant changes included a 3.02% increase in shares of Schlumberger Ltd. (SLB) and a 16.96% decrease in HCA Healthcare Inc. (HCA). The fund also trimmed positions in Alphabet Inc. (GOOG) and Meta Platforms Inc. (META), while reducing its stake in Franco-Nevada Corp. (FNV) by 41.76%.