Value-focused manager First Eagle Investment Management significantly increased its position in Meta Platforms during the second quarter of 2026, boosting its share count by 101.5%. The firm's stake grew from 3.19 million to 6.43 million shares, with the total reported value rising to $3.62 billion by the end of the period. This substantial purchase lifted Meta's weight in First Eagle's reported portfolio from just over 3% to nearly 6%.
This activity was disclosed in a quarterly 13F filing, which details holdings as of June 30, 2026, but was filed on August 24. These disclosures reflect past portfolio decisions and not necessarily current holdings. The trades occurred during a quarter in which Meta beat revenue expectations but saw its stock fall after its earnings report amid concerns over surging capital expenditures related to AI.