First Eagle Investment Management significantly increased its position in Ferguson (FERG), a major distributor of plumbing and HVAC supplies, during the second quarter of 2026. According to a quarterly disclosure filed with the SEC on August 24, 2026, the firm boosted its holdings by 108.13% to 1.32 million shares. This disclosure reflects trades made between March 31 and June 30, 2026, and does not represent a single-day transaction.
The investment, valued at $312.83 million at the end of June, came ahead of Ferguson's strong second-quarter earnings report on August 10, 2026. In that report, Ferguson announced a 4.6% increase in net sales to $8.75 billion and raised its full-year guidance for 2026, citing robust growth in its non-residential sector. First Eagle has not publicly commented on the motive for this substantial increase in its investment.