Value investing firm First Eagle Investment Management significantly increased its position in Nutrien Ltd. (NTR), a leading global provider of crop inputs and services. According to a quarterly disclosure filed with the SEC, First Eagle held 19.94 million shares valued at $1.26 billion as of June 30, 2026. This represents a 99.65% increase from the 9.99 million shares it held at the end of the previous quarter. As 13F filings are released with a delay, these trades occurred between April and June 2026.
The increased investment came during a quarter where Nutrien reported record potash sales volumes but also faced challenges with lower fertilizer volumes in other segments and increased costs. The company's overall second-quarter earnings were considered mixed by analysts, with strong sales but weaker-than-expected profitability. First Eagle has not publicly commented on the specific reasons for this substantial increase in its Nutrien holdings.