First Eagle Investment Reduces Stakes in American Express and GLD in Q3

Wall St. Watchdog reveals information regarding First Eagle Investment Management’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 45 stocks in the Financial sector at the end of the quarter with an aggregate market value of $3.264 billion.

  • American Express Company (NYSE:AXP): On 06/30/2011, First Eagle Investment Management reported holding 12,594,627 shares with a market value of $651,142,226. This comprised 3.07% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 11,647,009 shares with a market value of $522,950,722. This comprised 2.62% of the total portfolio. The net change in shares for this position over the two quarters is -947,618. About Company: American Express Company is a global payment and travel company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.
  • Spdr Gold Shares (NYSEARCA:GLD): On 06/30/2011, First Eagle Investment Management reported holding 2,863,749 shares with a market value of $418,107,354. This comprised 1.97% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 2,859,836 shares with a market value of $452,025,671. This comprised 2.27% of the total portfolio. The net change in shares for this position over the two quarters is -3,913. About Company: SPDR Gold Trust is an investment fund incorporated in the USA. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.
  • The Bank Of New York Mellon Corporation (NYSE:BK): On 06/30/2011, First Eagle Investment Management reported holding 16,436,345 shares with a market value of $421,099,173. This comprised 1.98% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 19,859,626 shares with a market value of $369,190,450. This comprised 1.85% of the total portfolio. The net change in shares for this position over the two quarters is 3,423,281. About Company: Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company. The Company provides financial services for institutions, corporations and high-net-worth individuals, providing asset management and wealth management, asset servicing, issuer services, clearing services and treasury services.
  • Cincinnati Financial Corp. (NASDAQ:CINF): On 06/30/2011, First Eagle Investment Management reported holding 11,508,652 shares with a market value of $335,822,469. This comprised 1.58% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 12,427,510 shares with a market value of $327,216,337. This comprised 1.64% of the total portfolio. The net change in shares for this position over the two quarters is 918,858. About Company: Cincinnati Financial Corporation, through its subsidiaries, offers property and casualty and life insurance. The Company markets a variety of insurance products and provides leasing and financing services.
  • U.s. Bancorp (NYSE:USB): On 06/30/2011, First Eagle Investment Management reported holding 11,569,985 shares with a market value of $295,150,320. This comprised 1.39% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 12,151,802 shares with a market value of $286,053,430. This comprised 1.43% of the total portfolio. The net change in shares for this position over the two quarters is 581,817. About Company: U.S. Bancorp is a diversified financial services company that provides lending and depository services, cash management, foreign exchange and trust and investment management services. The Company also provides credit card services, mortgage banking, insurance, brokerage, and leasing. U.S Bancorp operates in the Midwest and Western United States.
  • Bb & T Corp. (NYSE:BBT): On 06/30/2011, First Eagle Investment Management reported holding 10,240,151 shares with a market value of $274,845,654. This comprised 1.3% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 12,419,371 shares with a market value of $264,905,182. This comprised 1.33% of the total portfolio. The net change in shares for this position over the two quarters is 2,179,220. About Company: BB&T Corporation operates banking offices in the Carolinas, Georgia, Virginia, Maryland, West Virginia, Kentucky, Alabama, Indiana, Washington D.C., Florida and Tennessee. The Company and its subsidiaries offer full-service commercial and retail banking, as well as insurance, retail brokerage, corporate finance, international banking, leasing, and trust services.
  • Plum Creek Timber Co. Inc. (NYSE:PCL): On 06/30/2011, First Eagle Investment Management reported holding 5,154,756 shares with a market value of $208,973,813. This comprised 0.98% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 7,204,683 shares with a market value of $250,074,540. This comprised 1.25% of the total portfolio. The net change in shares for this position over the two quarters is 2,049,927. About Company: Plum Creek Timber Company, Inc. grows, harvests, and markets timber and logs, and manufactures forest products such as lumber and plywood. The Company owns timberlands located in the United States. Plum Creek also owns natural resource businesses that focus on mineral extraction and natural gas production
  • W.r. Berkley Corporation (NYSE:WRB): On 06/30/2011, First Eagle Investment Management reported holding 5,598,464 shares with a market value of $0. This comprised 0% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 5,846,306 shares with a market value of $173,576,828. This comprised 0.87% of the total portfolio. The net change in shares for this position over the two quarters is 247,842. About Company: W. R. Berkley Corporation, an insurance holding company, conducts operations in various segments of the property casualty insurance business. Segments include specialty lines of insurance, alternative markets, reinsurance, regional property casualty insurance, and international.
  • Willis Group Holdings Public Limited Company (NYSE:WSH): On 06/30/2011, First Eagle Investment Management reported holding 4,185,185 shares with a market value of $172,052,958. This comprised 0.81% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 4,250,115 shares with a market value of $146,076,448. This comprised 0.73% of the total portfolio. The net change in shares for this position over the two quarters is 64,930. About Company: Willis Group Holdings PLC is an insurance broker. The Company offers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world.
  • Rayonier Inc. (NYSE:RYN): On 06/30/2011, First Eagle Investment Management reported holding 2,915,973 shares with a market value of $190,558,831. This comprised 0.9% of the total portfolio. On 09/30/2011, First Eagle Investment Management reported holding 3,625,070 shares with a market value of $133,366,329. This comprised 0.67% of the total portfolio. The net change in shares for this position over the two quarters is 709,097. About Company: Rayonier Inc. is an international forestry products company. The Company produces and sells cellulosic fibers, standing timber, real estate, and timberland acreage. Rayonier also produces logs and wood products, and medium density fiberboard, as well as owns, leases, and manages timberland and provides related management services.

(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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