In a recent 13F filing, First Eagle Investment Management revealed a significant increase in its Franco-Nevada (FNV) holding, nearly doubling its shares by 99.95% to 10.55 million. This disclosure, which reflects trades made during the second quarter of 2026, shows the investment's value rising to $2.20 billion, now accounting for 3.62% of First Eagle's reported portfolio.
As with all 13F filings, this information is from a delayed quarterly report and does not represent a real-time transaction. The reported trade period ending June 30, 2026, coincided with a quarter where Franco-Nevada reported a 57.3% year-over-year increase in revenue, although its earnings per share slightly missed analyst expectations. First Eagle has not publicly commented on the motive for this substantial increase in its position.