Jean-Marie Eveillard - First Eagle U.S. Value Portfolio

Period Date  Mar 31, 2025
Filing Date  May 12, 2025
Total Stocks  410
Portfolio Value  $47.41B
Balances
Holdings
Activity
Options
Allocation
Strategy

First Eagle U.S. Value Strategy Analysis

Investment Strategy Metrics

Key metrics revealing investment style, risk management, and performance characteristics

MetricValueCategoryDescription
Holding Period2.6 yearsStyleAverage duration positions are maintained
Position Count491StyleNumber of active positions in portfolio
Position Size0.5%RiskTypical allocation per position
Win Rate61.5%PerformancePercentage of profitable positions
Average Return1352.0%PerformanceMean return across positions
Sharpe Ratio0.17PerformanceReturn per unit of risk taken

Investment Case Study: FACEBOOK INC (META)

6/30/2013 - 8/4/2025

Performance Metrics

Total Return: 38,612.42%

Holding Period: 4418 days

Max Position Size: $1,211,407.00

Position Weight: 1.57%

Key Events

6/30/2013: ENTRY(2,300.00 shares) @ $0.02
3/31/2016: INCREASE(1,500.00 shares) @ $0.11
6/30/2018: INCREASE(1,324,421.00 shares) @ $0.19
9/30/2018: INCREASE(556,877.00 shares) @ $0.16
12/31/2018: INCREASE(335,908.00 shares) @ $0.13
3/31/2019: DECREASE(-2,562.00 shares) @ $0.17
9/30/2019: DECREASE(-25,949.00 shares) @ $0.18
12/31/2019: DECREASE(-12,926.00 shares) @ $0.21
3/31/2020: INCREASE(956,231.00 shares) @ $0.17
6/30/2020: INCREASE(9,879.00 shares) @ $0.23
9/30/2020: INCREASE(91,323.00 shares) @ $0.26
12/31/2020: INCREASE(24,189.00 shares) @ $0.27
3/31/2021: INCREASE(258,279.00 shares) @ $0.29
6/30/2021: DECREASE(-35,513.00 shares) @ $0.35
9/30/2021: DECREASE(-68,705.00 shares) @ $0.34

Investment Thesis

Entry Context: Initial position established based on fundamental analysis

Sector Conditions: Favorable market conditions in the sector

Risk Factors:
  • Market volatility
  • Sector-specific risks

Key Learnings

  • Position sizing is critical for portfolio management
  • Important to monitor sector exposure

Sector Allocations