Value-focused investor First Eagle Investment Management significantly increased its position in gold producer Agnico Eagle Mines (AEM) during the second quarter of 2026. According to a quarterly disclosure filed with the SEC, the firm boosted its holdings by 99.98%, from 5.19 million to 10.39 million shares. This trade increased the reported market value of First Eagle's stake to $1.61 billion as of June 30, 2026.
Investors should note that 13F filings are released with a delay, reflecting trades made in the prior quarter and not necessarily the firm's current holdings. The transaction occurred as Agnico Eagle reported a strong second quarter with record free cash flow and solid operational performance. The filing indicates this was a high-conviction move, making Agnico Eagle a 2.65% position in First Eagle's reported portfolio.