First Eagle Lists Matching $1 Billion ONEOK Exit And Opening As Gold Holdings Grow
Disclosed holdings rose to $63.7 billion from $59.9 billion, while the number of positions fell to 420 from 424.
First Eagle Investment Management's third-quarter holdings comparison showed a $1 billion exit from ONEOK alongside a matching opening in the same name, while its gold-related share counts increased. The comparison came from a quarterly SEC holdings disclosure filed Tuesday—a 13F, which large investors use to report their U.S. stock holdings.
ONEOK On Both Sides
The ONEOK entries each covered 11.8 million shares valued at $1 billion. The opening accounted for about 2% of First Eagle's disclosed holdings.
The paired entries sit alongside a larger reported portfolio: holdings reached $63.7 billion, compared with $59.9 billion previously. First Eagle reported 420 positions, down from 424, and Alphabet ranked as its largest holding at $2.5 billion, about 4% of the portfolio.
More Shares In Gold Holdings
First Eagle held 3 million shares of SPDR Gold Trust, compared with 2.5 million previously. The position was worth $1.1 billion.
Its Newmont position also grew by share count, reaching 12.3 million shares from 11.6 million. Those holdings were valued at $1.4 billion.
Share counts matter to this comparison because they distinguish changes in the amount held from changes in reported market value. First Eagle's prior-quarter software holdings included Workday and Salesforce positions each valued at $1.1 billion.
Transport Exits, ExxonMobil Opening
First Eagle exited C.H. Robinson, a position covering 3.6 million shares with a previous value of $686 million. It also exited Expeditors, whose 2 million shares had been worth $329.4 million in the prior quarter.
Elsewhere, the comparison listed an opening in ExxonMobil Holdings: 5.1 million shares valued at $828.3 million.
