First Eagle Greatly Increases Stake in Short-Term Treasury ETF BIL

In a mandatory quarterly disclosure, First Eagle Investment Management reported a significant increase in its holdings of the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). The filing, which reflects positions held as of June 30, 2026, shows a 58.01% increase in shares, bringing the total to 2.15 million. This raised the reported value of their position to $197.42 million.

Investors should be aware that 13F filings are submitted to the SEC 45 days after the end of a quarter, so these trades occurred at some point between April and June 2026. This move into a cash-equivalent ETF could suggest a variety of portfolio management strategies, though First Eagle has not publicly commented on the specific rationale behind this substantial trade.