First Eagle Investment Management significantly increased its holdings in PPG Industries during the second quarter of 2026, boosting its share count by over 102%. The investment manager added approximately 6.58 million shares, bringing its total position to 13.02 million. This transaction increased the reported value of its investment to $1.58 billion and lifted the stock's weight in First Eagle's portfolio to 2.60%.
This trade was disclosed in a quarterly 13F filing with the SEC on August 24, which reveals positions held as of June 30. During the quarter of the trade, PPG reported a 7% year-over-year increase in net sales to nearly $4.5 billion and organic sales growth of 4%. The company also reaffirmed its full-year adjusted earnings per share guidance for 2026.