First Eagle Investment Management
First Eagle Investment Management, an asset manager overseeing $56.82B in disclosed equity holdings (SEC CIK 0001325447). The latest portfolio (2025Q4) discloses 422 positions across 11 sectors, with the largest positions in GOOG, BDX and META. On a mark-to-market basis the tracked portfolio has returned 37.9% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.
What First is holding in options
First Eagle Investment Management disclosed 1 option position for the 2025Q1 quarter — 0 long-calls and 1 long-put — totaling $518.2M of underlying-share notional value. The largest exposures are a put on HYG. Notional values reflect the value of the underlying shares at the quarter-end snapshot, not the option premium paid.
Options & derivatives
1 position · $518.2M notional1 PUT · $518.2M| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| PUT | HYGISHARES TR | 6.5M | $518.2M | 1.1% |
Notional = value of the underlying shares at the quarter-end snapshot, not the option premium paid. A long PUT is a bearish bet on the underlying; a long CALL is a bullish bet. The reported value is included in the portfolio total but does not reflect actual capital at risk.