In a delayed disclosure, First Eagle Investment Management revealed it significantly increased its position in ONEOK (OKE), more than doubling its stake. According to a 13F filing for the period ending June 30, 2026, the firm added approximately 12 million shares, bringing its total to over 23.6 million. This raised the value of its holding to $2.06 billion.
This filing precedes the late August announcement that ONEOK would acquire Brazos Midstream's Permian assets, a major strategic move funded by a substantial minority equity investment. As 13F filings reflect past positions, this trade occurred before the acquisition was made public. The transaction boosted First Eagle's portfolio weight in the energy infrastructure company to 3.39%.