First Eagle Investment Management significantly increased its position in International Flavors & Fragrances, boosting its share count by 102% to a total of 18.82 million shares. This trade was disclosed in a quarterly 13F filing with the SEC, which reflects positions held as of June 30, 2026, and does not represent a real-time transaction.

The investment, now valued at $1.49 billion, makes up 2.45% of First Eagle's reported portfolio. The increased stake comes as IFF announced mixed results for its second quarter, including missing sales expectations but also revealing plans for a major divestiture of its Food Ingredients business and a new share repurchase program.