First Eagle Investment Management significantly increased its investment in Comcast during the second quarter of 2026, more than doubling its stake. The firm boosted its holdings by 102% from 37.78 million to 76.35 million shares. This aggressive purchase raised the total reported value of its position to $1.87 billion, a substantial increase from the previous quarter's $1.08 billion.
This trade was disclosed in a quarterly 13F filing on August 24, 2026, meaning the transactions occurred between April and the end of June. The move increased Comcast's weight in First Eagle's disclosed portfolio from 1.84% to 3.09%. The period of accumulation preceded Comcast's Q2 earnings report on July 23, in which the company surpassed profit estimates and its Peacock streaming service achieved profitability for the first time. [1, 5]