13F filing recap · Q4 2014

What did First Eagle Investment Management buy in Q4 2014?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every First Eagle account, including accounts that belong to no fund below.

Stock value

$41.14B

Positions

336

Estimated turnover

20.8%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

ELVElevance Health, Inc.$370.28Mreported value+2.95M shares PPGPpg Industries Inc$237.70Mreported value+1.03M shares UNPUnion Pacific Corp$237.06Mreported value+1.99M shares PKGPackaging Corp of America$189.59Mreported value+2.43M shares DFSDiscover Financial Services$77.93Mreported value+1.19M shares UNHUnitedHealth Group Incorporated$67.03Mreported value+663.1K shares ABBVAbbvie Inc.$66.49Mreported value+1.02M shares HUMHumana Inc$65.16Mreported value+453.7K shares ALTRAltera Corp$53.98Mreported value+1.46M shares MUMicron Technology, Inc.$53.18Mreported value+1.52M shares LAMRLamar Advertising Co/new$21.10Mreported value+393.3K shares CFNCarefusion Corporation$7.12Mreported value+120.0K shares GRTGlimcher Realty Trust$4.12Mreported value+300.0K shares LBRDKLiberty Broadband Corporation$3.90Mreported value+78.2K shares GFIGGfi Group Inc.$3.81Mreported value+700.0K shares VIRXViracta Therapeutics, Inc.$3.61Mreported value+1.41M shares BRPBrookfield Residential Properties Inc.$3.33Mreported value+138.5K shares AMREAmreit, Inc.$2.65Mreported value+100.0K shares TRWTrw Automotive Holdings Corp$2.57Mreported value+25.0K shares CVDCovance Inc.$2.08Mreported value+20.0K shares CBSTCubist Pharmaceuticals Inc$2.01Mreported value+20.0K shares LBRDALiberty Broadband Corporation$1.96Mreported value+39.1K shares SUSQSusquehanna Bancshares, Inc.$1.75Mreported value+130.0K shares CNLCleco Corporation$1.64Mreported value+30.0K shares VTRVentas, Inc.$1.50Mreported value+20.9K shares CARBCarbonite Inc$1.07Mreported value+75.0K shares JGHNuveen Global High Income Fund$761.0Kreported value+44.1K shares AVPAvon Products, Inc.$653.0Kreported value+69.5K shares ASTAsterias Biotherapeutics, Inc.$478.0Kreported value+147.8K shares XWESWorld Energy Solutions, Inc.$413.0Kreported value+75.1K shares ROYTLPacific Coast Oil Trust$410.0Kreported value+80.0K shares OLEDUniversal Display Corporation$394.0Kreported value+14.2K shares QLTIQlt Inc.$273.0Kreported value+68.0K shares LCTXLineage Cell Therapeutics, Inc.$190.0Kreported value+180.9K shares TYCTyco International Plc$66.0Kreported value+1.5K shares CRCCalifornia Resources Corp$6.0Kreported value+1.0K shares

Increased positions

ORCLOracle Corporation$1.53Breported value+65.1K shares+0.2%CMCSKComcast Corporation$1.36Breported value+563.2K shares+2.4%BNYThe Bank of New York Mellon Corporation$1.13Breported value+42.3K shares+0.2%TVGrupo Televisa, S.a.b.$1.11Breported value+10.3K shares

Reduced positions

MSFTMicrosoft Corporation$1.68Breported value-57.6K shares-0.2%INTCIntel Corp$1.32Breported value-3.89M shares-9.6%MMM3m Company$982.39Mreported value-26.1K shares-0.4%BRK.ABerkshire Hathaway Inc$795.75Mreported value-252 shares

Exited positions

WLPWellpoint Inc$465.66Mprior reported value-3.89M shares-100.0%APCAnadarko Petroleum Corporation$313.46Mprior reported value-3.09M shares-100.0%BUDAnheuser-Busch Inbev Sa/nv$218.26Mprior reported value-1.97M shares-100.0%NSCNorfolk Southern Corp$164.64Mprior reported value-1.48M shares