Value-oriented investor First Eagle Investment Management significantly increased its holdings in American Express (AXP) during the second quarter of 2026, boosting its share count by 102% to 3.36 million. The fund's position is now valued at approximately $1.14 billion, making it a more significant part of its overall portfolio.
This transaction was disclosed in a quarterly 13F filing with the SEC, which reflects positions held as of June 30, 2026. During that period, American Express reported its fourth consecutive quarter of double-digit revenue growth, driven by strong spending from premium cardholders. The company's Q2 earnings per share of $4.53 beat analyst expectations.