First Eagle Investment Management significantly increased its holdings in Alphabet Inc. (GOOG), boosting its share count by 97.61% to a total of 14.63 million shares. According to its latest SEC filing, the investment firm's position grew from $2.12 billion to $5.17 billion, representing an estimated trade value of $2.55 billion. This transaction increased Alphabet's weight in First Eagle's portfolio from 3.60% to 8.51%, making it the firm's largest reported holding.
This ownership change was disclosed in a quarterly 13F filing, which reflects positions held as of June 30, 2026. In a Q2 commentary, First Eagle noted that Alphabet was a leading contributor to its U.S. Fund's performance during the quarter. The firm cited strong future revenues from cloud operations, high demand for AI infrastructure, and resilient digital-ad sales as positive factors for the company.