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Jean-Marie Eveillard

First Eagle legacy

First Eagle legacy, Jean-Marie Eveillard's global value and capital-preservation tradition

The First Eagle legacy under Jean-Marie Eveillard is important for global value investing, skepticism toward permanent capital loss, and willingness to hold cash or gold-related exposure when opportunities are scarce.

Sources First Eagle legacy official site SEC EDGAR profile
Global value / capital preservation CIK 1325447
2026-03-31 Latest 13F 20 Current holdings 78 Last 1 periods Change 1 Public materials
Latest 13F snapshot 2026-03-31 · 423 disclosed positions · $75.6B Top five 12.6%: GOOG, BDX, WPM, IMO, META

Performance materials

  • First Eagle fund materials and historical records provide performance context for this legacy profile.

Firm and key people

  • Eveillard built a reputation for disciplined global value investing and capital preservation.
  • His approach emphasized patience, valuation, and avoiding permanent impairment.
  • Current 13F data should be treated as institutional context rather than a direct personal portfolio.

Investment style

  • Prioritize capital preservation and valuation discipline.
  • Look globally for value rather than staying only in US equities.
  • Cash and defensive assets can be part of the process when bargains are scarce.

Public materials

View timeline
Shareholder letters / memos 1
Interview 0
Public video 0
Public Q&A / speeches / presentations 0

Current holdings

13F period 2026-03-31 · Filed 2026-05-12
Stocks Shares Value Weight
GOOG 7,404,648 $2.1B 2.8%
BDX 11,928,111 $1.9B 2.5%
WPM 14,156,511 $1.9B 2.5%
IMO 13,972,305 $1.8B 2.4%
META 3,193,098 $1.8B 2.4%
HCA 3,254,570 $1.5B 2.0%
SLB 28,376,167 $1.5B 1.9%
FMX 12,902,253 $1.4B 1.9%
TSM 3,902,137 $1.3B 1.7%
FNV 5,274,537 $1.3B 1.7%
NEM 12,022,368 $1.3B 1.7%
WTW 4,339,361 $1.3B 1.7%
ORCL 8,435,178 $1.2B 1.6%
ELV 4,132,291 $1.2B 1.6%
BNY 9,868,077 $1.2B 1.5%
CRM 6,132,564 $1.1B 1.5%
WY 46,293,464 $1.1B 1.5%
CMCSA 37,780,637 $1.1B 1.4%
XOM 6,237,614 $1.1B 1.4%
GLD 2,455,741 $1.1B 1.4%

Last 1 quarters US 13F new / increased / reduced / sold-out positions

As of 13F 2026-03-31 · Filed 2026-05-12
Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Stocks Action 13F period Current shares Previous shares Share change 13F value change
ADP New 2026-03-31 Filed 2026-05-12 2,849,784 0 - +$579.0M
BRO New 2026-03-31 Filed 2026-05-12 8,823,162 0 - +$575.4M
B Major reduction 2026-03-31 Filed 2026-05-12 20,571,232 32,114,660 -35.9% -$559.5M
ADI Major reduction 2026-03-31 Filed 2026-05-12 48 2,025,829 -100.0% -$549.4M
CHRW Major reduction 2026-03-31 Filed 2026-05-12 5,729,983 9,074,016 -36.9% -$507.2M
TSM Major reduction 2026-03-31 Filed 2026-05-12 3,902,137 5,938,326 -34.3% -$485.9M
WAT New 2026-03-31 Filed 2026-05-12 1,575,187 0 - +$469.1M
FISV New 2026-03-31 Filed 2026-05-12 7,495,234 0 - +$418.2M
SLB Minor increase 2026-03-31 Filed 2026-05-12 28,376,167 27,718,458 2.4% +$394.4M
BDX Minor increase 2026-03-31 Filed 2026-05-12 11,928,111 11,646,000 2.4% -$384.7M
ORCL Minor increase 2026-03-31 Filed 2026-05-12 8,435,178 8,290,272 1.7% -$375.0M
NE Minor increase 2026-03-31 Filed 2026-05-12 13,561,846 12,195,825 11.2% +$321.1M
CFR New 2026-03-31 Filed 2026-05-12 2,265,874 0 - +$310.6M
ROST Major reduction 2026-03-31 Filed 2026-05-12 16,209 1,464,567 -98.9% -$260.3M
BXP Major increase 2026-03-31 Filed 2026-05-12 9,344,461 3,410,909 174.0% +$254.8M
META Minor increase 2026-03-31 Filed 2026-05-12 3,193,098 3,149,947 1.4% -$252.4M
FNV Minor increase 2026-03-31 Filed 2026-05-12 5,274,537 5,123,444 2.9% +$244.1M
WY Major increase 2026-03-31 Filed 2026-05-12 46,293,464 37,621,004 23.1% +$239.7M
IMO Major reduction 2026-03-31 Filed 2026-05-12 13,972,305 18,605,005 -24.9% +$223.0M
MSFT Major increase 2026-03-31 Filed 2026-05-12 1,325,098 557,601 137.6% +$220.8M
OKE Minor increase 2026-03-31 Filed 2026-05-12 11,679,175 11,365,304 2.8% +$220.3M
IPGP Minor increase 2026-03-31 Filed 2026-05-12 4,593,349 4,487,103 2.4% +$205.1M
ELV Minor increase 2026-03-31 Filed 2026-05-12 4,132,291 4,022,874 2.7% -$200.5M
GOOGL Major reduction 2026-03-31 Filed 2026-05-12 1,198,237 1,727,965 -30.7% -$196.3M
GOOG Minor increase 2026-03-31 Filed 2026-05-12 7,404,648 7,369,114 0.5% -$188.3M
ABEV Minor increase 2026-03-31 Filed 2026-05-12 346,984,557 336,057,984 3.3% +$183.1M
AEM Minor increase 2026-03-31 Filed 2026-05-12 5,193,057 5,192,410 0.0% +$173.7M
EXR Major increase 2026-03-31 Filed 2026-05-12 3,838,691 2,552,053 50.4% +$171.0M
FMX Minor increase 2026-03-31 Filed 2026-05-12 12,902,253 12,507,215 3.2% +$168.8M
HCA Minor reduction 2026-03-31 Filed 2026-05-12 3,254,570 3,646,152 -10.7% -$162.1M
CHTR Major increase 2026-03-31 Filed 2026-05-12 3,580,160 2,969,507 20.6% +$153.0M
UHS Minor increase 2026-03-31 Filed 2026-05-12 4,424,281 4,313,583 2.6% -$148.6M
WTW Minor increase 2026-03-31 Filed 2026-05-12 4,339,361 4,250,802 2.1% -$135.4M
XOM Major reduction 2026-03-31 Filed 2026-05-12 6,237,614 7,753,826 -19.6% +$125.2M
DIS Major increase 2026-03-31 Filed 2026-05-12 5,254,083 3,443,391 52.6% +$114.6M
AXP Minor increase 2026-03-31 Filed 2026-05-12 1,662,628 1,639,846 1.4% -$103.7M
NOV Minor reduction 2026-03-31 Filed 2026-05-12 36,408,359 37,597,874 -3.2% +$97.2M
EXPD Minor reduction 2026-03-31 Filed 2026-05-12 5,945,185 6,312,305 -5.8% -$89.1M
IFF Minor increase 2026-03-31 Filed 2026-05-12 9,314,670 8,831,668 5.5% +$80.6M
TXN Minor increase 2026-03-31 Filed 2026-05-12 3,674,253 3,649,310 0.7% +$80.2M
FNF Major increase 2026-03-31 Filed 2026-05-12 8,880,108 6,102,523 45.5% +$78.7M
GLD Minor reduction 2026-03-31 Filed 2026-05-12 2,455,741 2,474,833 -0.8% +$75.9M
MDT Minor increase 2026-03-31 Filed 2026-05-12 10,044,695 9,775,234 2.8% -$68.6M
NEM Minor reduction 2026-03-31 Filed 2026-05-12 12,022,368 13,717,958 -12.4% -$68.3M
NTR Major reduction 2026-03-31 Filed 2026-05-12 9,988,867 13,307,283 -24.9% -$67.6M
CL Minor increase 2026-03-31 Filed 2026-05-12 8,116,782 7,918,979 2.5% +$66.0M
BIL Major increase 2026-03-31 Filed 2026-05-12 1,363,410 712,283 91.4% +$59.9M
CSL Major increase 2026-03-31 Filed 2026-05-12 793,165 646,162 22.8% +$57.9M
DG Minor increase 2026-03-31 Filed 2026-05-12 4,455,622 4,417,971 0.9% -$57.6M
DE Minor increase 2026-03-31 Filed 2026-05-12 533,025 522,213 2.1% +$57.1M
WDAY Major increase 2026-03-31 Filed 2026-05-12 7,608,713 4,338,773 75.4% +$56.6M
BIO Minor increase 2026-03-31 Filed 2026-05-12 2,602,772 2,570,473 1.3% -$53.3M
PAAS Major reduction 2026-03-31 Filed 2026-05-12 2,417,389 3,488,959 -30.7% -$48.6M
WPM Minor reduction 2026-03-31 Filed 2026-05-12 14,156,511 15,390,108 -8.0% +$46.0M
PPG Minor increase 2026-03-31 Filed 2026-05-12 6,435,076 6,290,622 2.3% +$43.2M
PM Minor increase 2026-03-31 Filed 2026-05-12 5,892,458 5,808,120 1.5% +$42.6M
KGC Major reduction 2026-03-31 Filed 2026-05-12 7,140,993 9,228,855 -22.6% -$41.9M
BNY Minor increase 2026-03-31 Filed 2026-05-12 9,868,077 9,745,637 1.3% +$39.3M
OMC Minor increase 2026-03-31 Filed 2026-05-12 7,303,113 6,352,034 15.0% +$37.1M
AGI Minor reduction 2026-03-31 Filed 2026-05-12 6,169,791 6,173,289 -0.1% +$36.2M
SHEL Major increase 2026-03-31 Filed 2026-05-12 1,057,021 873,572 21.0% +$34.1M
RGLD Minor reduction 2026-03-31 Filed 2026-05-12 917,616 926,123 -0.9% +$27.7M
CMI Minor increase 2026-03-31 Filed 2026-05-12 767,231 754,938 1.6% +$27.4M
EQR Minor increase 2026-03-31 Filed 2026-05-12 9,469,693 9,242,013 2.5% -$22.5M
CCU Minor increase 2026-03-31 Filed 2026-05-12 16,120,458 15,915,910 1.3% -$20.1M
AU Minor reduction 2026-03-31 Filed 2026-05-12 1,490,679 1,491,498 -0.1% +$17.9M
BTI Major increase 2026-03-31 Filed 2026-05-12 1,668,522 1,407,980 18.5% +$17.8M
ORLA Minor reduction 2026-03-31 Filed 2026-05-12 4,767,826 4,769,471 -0.0% +$12.5M
EPD Minor increase 2026-03-31 Filed 2026-05-12 1,941,481 1,915,695 1.3% +$12.0M
BRK.A Minor increase 2026-03-31 Filed 2026-05-12 565 553 2.2% -$11.7M
XRAY Minor increase 2026-03-31 Filed 2026-05-12 15,127,933 14,640,555 3.3% +$8.1M
FERG Minor increase 2026-03-31 Filed 2026-05-12 633,309 629,445 0.6% +$7.6M
DEI Minor increase 2026-03-31 Filed 2026-05-12 13,958,053 12,557,124 11.2% -$6.5M
GFI Minor reduction 2026-03-31 Filed 2026-05-12 3,535,804 3,538,081 -0.1% +$6.1M
CMCSA Minor increase 2026-03-31 Filed 2026-05-12 37,780,637 36,171,945 4.4% +$3.5M
NG Minor reduction 2026-03-31 Filed 2026-05-12 9,172,929 9,177,188 -0.0% -$3.2M
USB Minor increase 2026-03-31 Filed 2026-05-12 9,018,084 8,818,344 2.3% -$1.5M
CRM Major increase 2026-03-31 Filed 2026-05-12 6,132,564 4,319,206 42.0% +$564,774

Public video / Interview / Shareholder letter / Public Q&A

1 reliable public materials
Shareholder letter / fund letter

First Eagle Insights and Commentaries

The official First Eagle insights page provides global value, capital preservation and market commentary data that can be used to track the investment framework under Eveillard's legacy.

  • First Eagle's public profile continues the capital preservation and global decentralization framework and is a suitable update entry for the Eveillard legacy page.
  • Material topics often include valuation, inflation, gold, global equities, and risk management.
  • It does not represent Eveillard's own real-time views, but it represents the institutional continuation of his long-term approach.
  • The official insights page is better for ongoing tracking than scattered interview snippets.
  • This piece of information connects legacy investor background to current human-readable public material.