First Eagle Investment Reduces 3M Stake, Ups GE Shares in Third Quarter

Wall St. Watchdog reveals information regarding First Eagle Investment Management’s top holdings in the Conglomerates sector for the quarter ending September 30th, 2011. The firm held 3 stocks in the Conglomerates sector at the end of the quarter with an aggregate market value of $363.199 million.

  • 3m Co. (NYSE:MMM): On 06/30/2011, First Eagle Investment Management reported holding 6,345,573 shares with a market value of $601,877,589. This comprised 2.84% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 5,047,359 shares with a market value of $362,349,907. This comprised 1.82% of the total portfolio. The net change in shares for this position over the two quarters is -1,298,214. About Company: 3M Co. conducts operations in electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets. The Company’s businesses share technologies, manufacturing operations, brands, marketing channels, and other resources. 3M serves customers in countries located around the world.
  • United Technologies Corp. (NYSE:UTX): On 06/30/2011, First Eagle Investment Management reported holding 8,000 shares with a market value of $708,080. This comprised 0% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 8,000 shares with a market value of $562,880. This comprised 0% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: United Technologies Corporation provides technology products and support services to customers in the aerospace and building industries worldwide. The Company’s products include aircraft engines, elevators and escalators, heating and air conditioning equipment, helicopters, aerospace systems, fuel cell systems, and fire and safety equipment.
  • General Electric Co. (NYSE:GE): On 06/30/2011, First Eagle Investment Management reported holding 13,801 shares with a market value of $260,287. This comprised 0% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 18,801 shares with a market value of $286,151. This comprised 0% of the total portfolio. The net change in shares for this position over the two quarters is 5,000. About Company: General Electric Company is a diversified technology, media and financial services company. The Company offers products and services ranging from aircraft engines, power generation, and water processing technology to medical imaging, business and consumer financing, media content and industrial products. General Electric conducts operations globally.

(Note: Data regarding First Eagle Investment Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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