Value-focused investor First Eagle Investment Management significantly increased its position in Shell PLC, boosting its holding by 103% to 2.15 million shares. This trade was disclosed in a quarterly 13F filing with the SEC, which reflects positions held as of June 30, 2026, and does not represent a real-time transaction.
The increased investment came during a strong second quarter for Shell, which reported a 45% year-over-year revenue increase to $94.7 billion and a 128% rise in adjusted earnings. First Eagle's stake, valued at over $166 million at the end of the quarter, reflects a notable increase in its conviction in the energy major, though the firm has not publicly commented on its specific reasoning.