Jean-Marie Eveillard's Q1 Portfolio Trends: Major Share Increases & Decreases
Jean-Marie Eveillard's First Eagle U.S. Value fund saw significant changes in holdings during the quarter, with notable increases in Becton Dickinson and Fomento Economico Mexicano, alongside substantial decreases in Wheaton Precious Metals and Imperial Oil.
As of March 31, 2026, Jean-Marie Eveillard's First Eagle U.S. Value fund showed distinct quarterly trends in its top holdings, reflecting both strategic adjustments and market dynamics.
Among the most significant changes were substantial increases in certain positions. Becton Dickinson & Co. (BDX) saw its share count rise by 19.35%, indicating strong confidence in the healthcare stock. Similarly, Fomento Economico Mexicano S.A.B. de C.V. (FMX) experienced a notable 3.15% increase in holdings.
Conversely, the portfolio shed significant positions during the quarter. Wheaton Precious Metals Corp. (WPM) witnessed a sharp 17.5% reduction in shares, while Imperial Oil Ltd. (IMO) saw its stake decrease by a substantial 30.64%. These declines represent significant shifts away from energy and materials sectors.
Other notable changes included a nearly 42% reduction in Taiwan Semiconductor Manufacturing Co. (TSM) shares and a 41.76% decrease in Alphabet Inc. (GOOG) holdings, although the latter was already a smaller position. Meta Platforms Inc. (META) also saw a moderate reduction.
For a complete view of Jean-Marie Eveillard's investment approach, visit his profile at https://www.insiderset.com/investor/jean-marie-eveillard-first-eagle-us-value. Detailed analysis of individual holdings like BDX can be found at https://www.insiderset.com/investors/stocks/BDX and for FMX at https://www.insiderset.com/investors/stocks/FMX.