First Eagle Investment Management significantly increased its position in Oracle during the second quarter of 2026, boosting its share count by over 101% to 17.03 million shares. The value of its holding grew to $2.50 billion as of June 30, up from $1.24 billion at the end of the prior quarter. This transaction, disclosed in a delayed 13F filing on August 24, increased Oracle's weight in First Eagle's portfolio from 2.10% to 4.11%.
This move came after Oracle reported record quarterly revenues and strong growth in its cloud infrastructure business on June 10, 2026. In a May 2026 commentary, First Eagle noted it believed Oracle was well-positioned due to a strong backlog of AI infrastructure contracts and continued user interest in generative AI. The firm's value investing approach focuses on identifying undervalued assets with long-term capital appreciation potential.