Jean-Marie Eveillard

Jean-Marie Eveillard

Last Update: 2014-02-14

Number of Stocks: 376
Number of New Stocks: 50

Total Value: $36,740 Mil
Q/Q Turnover: 8%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Jean-Marie Eveillard' s Profile & Performance

Profile

Jean-Marie Eveillard is Chief Investment Officer of the Arnhold and S. Bleichroeder Advisers, LLC Global Value Team and Portfolio Manager of First Eagle Global, Overseas, Gold, U.S. Value and Overseas Variable Funds. He was born in Paris, came to the U.S. in 1968, and became portfolio manager in 1979. Mr. Eveilland is now the firm's adviser.

Web Page:http://www.firsteaglefunds.com/

Investing Philosophy

Jean-Marie Eveillard is a value oriented investor. His approach to asset management is defined by the conviction that absolute long-term performance is the best way to preserve capital, rather than attempting to compete against the short-term movements of the major indices, and rigorous application of bottom-up fundamental analysis intended to reduce risk. His strategy incorporates on-site research by actively visiting companies and talking to managers to gain rounded, first-hand knowledge of investment prospects. Eveillard buys securities whose intrinsic value and long-term potential outweighs market risk.

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of First Eagle Global Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201315.4931.55-16.1
201212.4615.4-2.9
2011-0.192.08-2.3
3-Year Cumulative29.6 (9%/year)55 (15.7%/year)-25.4 (-6.7%/year)
201017.5815.062.5
200929.9926.463.5
5-Year Cumulative98.1 (14.7%/year)125.5 (17.7%/year)-27.4 (-3%/year)
2008-21.06-3715.9
20079.95.614.3
200620.515.794.7
200514.914.9110.0
200418.37126.4
10-Year Cumulative181.7 (10.9%/year)104.1 (7.4%/year)77.6 (3.5%/year)
200337.6428.78.9
200210.23-22.132.3
200110.21-11.922.1
20009.72-9.118.8
199919.5621-1.4
15-Year Cumulative518 (12.9%/year)98.3 (4.7%/year)419.7 (8.2%/year)
1998-0.2628.6-28.9
19978.5433.4-24.9
199613.6423-9.4
199515.2437.6-22.4
19942.521.31.2
20-Year Cumulative798.2 (11.6%/year)483.2 (9.2%/year)315 (2.4%/year)
199326.1510.116.0
19928.417.60.8
199117.9330.5-12.6
1990-1.3-3.11.8
198917.2131.7-14.5
25-Year Cumulative1575.9 (11.9%/year)1050.7 (10.3%/year)525.2 (1.6%/year)
198814.1516.6-2.5
198713.765.18.7
198625.0218.66.4
198532.7131.61.1
19842.866.1-3.2
30-Year Cumulative3614 (12.8%/year)2235.1 (11.1%/year)1378.9 (1.7%/year)
198324.0322.41.6
198231.5621.410.2
19818-513.0
198031.6632.3-0.6

Top Ranked Articles

Jean-Marie Eveillard: Why You Should Emulate Him
A couple of days ago, I revealed that I had purchased an old investment book some time back entitled "Value Investing with the Masters" by Kirk Kazanjian. I was less than satisfied with the book and had placed it on my bookshelf mostly unread. Recently, I decided to endure what I felt was overall a lackluster performance at interviewing some investing greats and take the time to fully read it. After all, I reasoned, certainly there must be something I can take out of each chapter and apply it to myself or my investing style. Read more...
Volatility - Opportunity to the Investor, Risk to the Speculator
On January 19, Matt McLennan, portfolio manager of the First Eagle Global, Overseas, and U.S. Value Funds, in addition to being the successor of famed investor Jean-Marie Eveillard, appeared on WealthTrack with Consuelo Mack (here). When Consuelo asked him about volatility in equity markets, Mr. McLennan responded with something that’s worth talking about: Read more...
Will Tyco End Up Like ITT? Reviewing a Break-up
It’s now been four and a half months since ITT (ITT) broke itself up into three separate companies. I advocated investing in ITT before the break-up, and I wanted to review the position and see if it met my expectations. It’s also worthwhile to review this investing style since Tyco (TYC) is also doing a three way break-up by the end of the year. Read more...
FULL TRANSCRIPT and Video of Jean-Marie Eveillard's Interview with Consuelo Mack
CONSUELO MACK: This week on WealthTrack, a rare interview with Great Investor Jean-Marie Eveillard. First Eagle’s legendary value investor on the turbulent and shifting economic currents flowing around the world, from the U.S. to Europe to the Middle East to Asia and his personal strategies to navigate them, next on Consuelo Mack WealthTrack. Read more...
Made in Japan: A New Bull Market
Japan has now been through a 20-year bear market. Tokyo’s Nikkei – think of it as Japan’s Dow Jones Industrial Average – put in a new low last year. Even though it’s rallied a bit since then, it’s still down about 75% from its all-time high in 1989. That’s a brutal bear market. Read more...
» More Jean-Marie Eveillard Articles

Commentaries and Stories

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Forest Laboratories Is an Option for Wealthy Investors Who Could Afford to Pay a High Premium
Forest Laboratories Inc. (FRX) is one of the largest U.S.-based pharmaceutical companies in the area of developing, producing and selling central nervous system (CNS)-related prescription drugs. The company also focuses on the development and introduction of new products, including products developed in collaboration with licensing partners. More...

LONG, PHARMACEUTICAL, HEALTH, CARE, CNS, DRUGS


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Top Three Held African Stocks All Focused in Gold Mining Jean-Marie Eveillard,John Paulson - Top Three Held African Stocks All Focused In Gold Mining
Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see which African-based companies are held by the most gurus. By doing this we found out that the top three companies held by gurus during the fourth quarter are headquartered in Africa are based in the gold and natural minerals industries. More...

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Diversification, Hedging and Joint-Ventures Are Cabot´s Long-Term Drivers
Cabot Oil & Gas Corp. (COG) is an oil and gas company engaged in the development, exploitation, exploration, production and marketing of natural gas, crude oil and, to a lesser extent, natural gas liquids. The company also transports, stores, gathers and purchases natural gas for resale. More...

LONG, ENERGY, OIL, GAS


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

The Largest Satellite TV Operator in the U.S. Is Expanding Its Current Portfolio of Services
DirecTV (DTV) is engaged in providing digital television entertainment in the U.S. and Latin America. As of Dec. 31, 2012, the company operated two direct-to-home business units: DirecTV U.S. and DirecTV Latin America, which are differentiated by their geographic locations and are engaged in acquiring, promoting, selling and distributing digital entertainment programming primarily via satellite to residential and commercial subscribers. More...

LONG, TV, ENTERTAINMENT, SATELITE, COMMUNICATIONS, MEDIA


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Top Guru-Held Canadian Stocks Jean-Marie Eveillard,NWQ Managers - Top Guru-Held Canadian Stocks
Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see which companies based in Canada were held by the highest number of gurus. The following five companies come from a variety of industries, are Canadian-based and are held by the largest number of gurus. More...

  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

First Eagle Global Fund - Fourth Quarter 2013 Commentary
Market Overview In the calendar year 2013, the MSCI World Index rose 26.7%, while in the U.S. the S&P 500 Index increased 32.4%. In Europe, the German DAX increased 25.5% and the French CAC 40 Index rose 18.0% during the year. The Nikkei 225 Index increased 56.7% over the period. Crude oil rose 5.7% to $98.42 a barrel and the price of gold declined 28% to $1,205.65 an ounce by year- end. The U.S. dollar rose 20.8% against the yen and declined 4.3% against the euro. More...

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Most Guru-Held Utilities Companies Brian Rogers,Jean-Marie Eveillard - Most Guru-Held Utilities Companies
Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see energy companies which are held by the most gurus. The following five utilities companies are held by the largest number of gurus during the past quarter. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Weekly CEO Buys Highlights: AMRC, FSFR, DRC, CLMS
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below: More...

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Mallinckrodt Acquired San Diego Pharma and Much More
According to GuruFocus Real Time Picks, on March 3, Mario Gabelli (Trades, Portfolio), the chairman and CEO of GAMCO Investors Inc. added Cadence Pharmaceuticals Inc. (CDX) at an average price of $13.98. On March 13, Gabelli reported 5.76% stake in Cadence, but the day after that, health care products maker Mallinckrodt Public Ltd. Co. (MNK) completed a $1.4 billion acquisition of Cadence. On March 20, as a result of the completion of the acquisition, Gabelli no longer has beneficial ownership of any of its shares. Another hedge fund with a long position was Israel Englander, who increased its holding by 844% during the last quarter. More...

LONG, PHARMA, HEALTH, CARE


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Five-Year Lows: Boardwalk Pipeline Partners LP, Piedmont Office Realty Trust Inc., Murphy USA Inc. and McDermott International Inc.
According to GuruFocus list of five-year lows, these Guru stocks have reached their five-year lows: Boardwalk Pipeline Partners LP, Piedmont Office Realty Trust Inc., Murphy USA Inc. and McDermott International Inc. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Jean-Marie Eveillard on the Merits of the Buffett Vs. Graham Investment Approach
More...

JEAN-MARIE EVEILLARD


  • Currently 3.67/5

Rating: 3.7/5 (3 votes)

Gurus Dumped Dow in 2013 - Is 2014 the Year for Buying?
  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Weekly Three-Year Low Highlights: WLT, ANR, GMAN, RELL
According to GuruFocus list of three-year lows; Walter Energy Inc., Alpha Natural Resources Inc., Gordman’s Stores Inc. and Richardson Electronics have all reached their three-year lows. More...

WEEKLY, 3, YEAR, LOW, HIGHLIGHTS


  • Currently 1.00/5

Rating: 1.0/5 (1 vote)

5-year lows: Staples Inc, Sprouts Farmers Market Inc, The ADT Corporation, and Peabody Energy Corporation
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Staples Inc, Sprouts Farmers Market Inc, The ADT Corporation, and Peabody Energy Corporation Staples, Inc. (NAS:SPLS) Reached the 5-year Low of $11.48 The prices of Staples, Inc. (NAS:SPLS) shares have declined to close to the 5-year low of $11.48, which is 59.3% off the 5-year high of $26.00. Staples, Inc. is owned by 22 Gurus we are tracking. Among them, 9 have added to their positions during the past quarter. 9 reduced their positions. Staples, Inc is a Delaware corporation incorporated in 1986. Staples, Inc. has a market cap of $7.47 billion; its shares were traded at around $11.48 with a P/E ratio of 15.30 and P/S ratio of 0.32. The dividend yield of Staples, Inc. stocks is 4.18%. Staples, Inc. had an annual average earnings growth of 3.60% over the past 10 years. Staples Inc announced their 2013 full year results. The Company reported sales of $23.1 billion and net income of $620.1 million. GuruFocus Guru Ray Dalio (Trades, Portfolio) initiated his position and bought 256,440 shares. John Hussman (Trades, Portfolio) increased his position and owns 19,500 shares. GuruFocus Gurus Charles Brandes (Trades, Portfolio), Robert Olstein (Trades, Portfolio), Brian Rogers (Trades, Portfolio), Donal Yacktman, and Richard Pzena (Trades, Portfolio) all kept their positions in Staples Inc. David Dreman (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), and HOTCHKIS & WILEY all reduced their positions and Arnold Van Den Berg (Trades, Portfolio) sold out his holdings in SPLS. President, NA Commercial Joseph Doody and SVP, Corporate Controller Stephen J. Bacica sold 42,580 shares of SPLS stock in December. Sprouts Farmers Market Inc (NAS:SFM) Reached the 5-year Low of $38.66 The prices of Sprouts Farmers Market Inc (NAS:SFM) shares have declined to close to the 5-year low of $38.66, which is 33.3% off the 5-year high of $49.45. Sprouts Farmers Market Inc is owned by 5 Gurus we are tracking. Among them, 4 have added to their positions during the past quarter. 1 reduced their positions. Sprouts Farmers Market Inc is a specialty retailer of natural and organic food focusing on health and wellness. Sprouts Farmers Market Inc has a market cap of $5.71 billion; its shares were traded at around $38.66 with a P/E ratio of 101.70 and P/S ratio of 2.21. Sprouts Farmers Market Inc announced their fiscal 2013 year results with revenues of $2.4 billion and net income of $51.3 million. John Burbank (Trades, Portfolio) and Joel Greenblatt (Trades, Portfolio) increased their positions in SFM. Burbank owns 45,000 shares and Greenblatt own 19,490 shares. Ron Baron (Trades, Portfolio), who owns 375,631 shares, kept his position in Sprouts Farmers Market Inc. unchanged. CEO James Douglas Sanders sold 427,161 shares of SFM stock on 11/26/2013 at the average price of 35.8. CFO Amin N. Maredia sold 102,977 shares of SFM stock on 02/04/2014 at the average price of 35.12. Director, Senior Officer Ian Barrowman Smith and Director, Senior Officer Douglas R Brett bought 3,526,692 shares of SFM stock in September and February. The ADT Corporation (NYSE:ADT) Reached the 5-year Low of $30.85 The prices of The ADT Corporation (NYSE:ADT) shares have declined to close to the 5-year low of $30.85, which is 43.1% off the 5-year high of $50.37. The ADT Corporation is owned by 9 Gurus we are tracking. Among them, 6 have added to their positions during the past quarter. 2 reduced their positions. ADT Corporation is a provider of electronic security, interactive home and business automation and related monitoring services. The Adt Corporation has a market cap of $5.66 billion; its shares were traded at around $30.85 with a P/E ratio of 16.40 and P/S ratio of 2.01. The dividend yield of The Adt Corporation stocks is 1.86%. The ADT Corporation announced their 2014 first quarter results with revenues of $839 million and net income of $77 million. Wallace Weitz (Trades, Portfolio) bought 375,000 shares and initiated his position in ADT Corporation. Dodge & Cox, Mario Gabelli (Trades, Portfolio), John Keeley (Trades, Portfolio), and Jean-Marie Eveillard (Trades, Portfolio) kept their positions unchanged. George Soros (Trades, Portfolio) sold out his holdings of ADT. CEO Naren K Gursahaney sold 36,000 shares of ADT stock in September and November. CFO Michael S Geltzeiler bought 10,000 shares of ADT stock on 02/03/2014 at the average price of 29.59. SVP, Chief Information Officer Kathleen Mclean, Chief Corp. Dev. Officer Donald A. Boerema, President, Small Business Luis J. Orbegoso, and SVP, Chief Customer Officer Shawn L Lucht bought 7,000 shares of ADT stock in February. Peabody Energy Corporation (NYSE:BTU) Reached the 5-year Low of $16.69 The prices of Peabody Energy Corporation (NYSE:BTU) shares have declined to close to the 5-year low of $16.69, which is 80.6% off the 5-year high of $73.95. Peabody Energy Corporation is owned by 10 Gurus we are tracking. Among them, 6 have added to their positions during the past quarter. 4 reduced their positions. Peabody Energy Corporation was incorporated in Delaware in 1998 and became a public company in 2001. Peabody Energy Corporation has a market cap of $4.53 billion; its shares were traded at around $16.69 with and P/S ratio of 0.64. The dividend yield of Peabody Energy Corporation stocks is 2.04%. Peabody Energy Corporation had an annual average earnings growth of 2.80% over the past 10 years. Peabody Energy Corporation announced their 2013 full year results. The Company reported revenues of $7.01 billion and net loss of $512.6 million. Jean-Marie Eveillard (Trades, Portfolio) and Ray Dalio (Trades, Portfolio) increased their positions in Peabody Energy Corporation. Eveillard owns 11,660 shares and Dalio owns 49,500 shares. Arnold Schneider (Trades, Portfolio), Tom Gayner (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), and Mariko Gordon (Trades, Portfolio) kept their positions in BTU unchanged. NWQ Managers (Trades, Portfolio) sold out its holdings of the Company. Director Alan H Washkowitz and Director Robert B Karn Iii sold 7,990 shares of BTU stock in February and March. Go here for the complete list of 5-year lows. More...

  • Currently 5.00/5

Rating: 5.0/5 (3 votes)

Is Timken in Trouble?
Timken Company (TKR) designs, manufactures and sells products for the friction management and power transmission industry, specializing in tapered roller bearings. As such, the firm generated $5 billion in sales in 2012, with 60% deriving from the domestic market. However, it operates in a highly competitive industry, with both foreign and local rivals like SKF Group, Schaeffler Group and RBC Bearings Inc. (ROLL). In addition to the bearings business, the company operates in the steel industry, producing around 450 grades of carbon and alloy steel. The company will soon be splitting its two main businesses into separately traded firms, so let’s see what motivated investment gurus Robert Olstein (Trades, Portfolio) and Jean-Marie Eveillard (Trades, Portfolio) More...

FRICTION MANAGEMENT,POWER TRANSMISSION,SKF GROUP,SCHAEFFLER GROUP,STEEL,CARBON,ENERGY,INDUSTRIAL,ALLOY STEEL,COMMODITIES


  • Currently 4.67/5

Rating: 4.7/5 (3 votes)

An Industry Giant Re-Adapting to a New Scenario
The pharmaceutical industry is a dynamic market, where the need for investment in new developments and generic competition, mark the path for major manufacturers. Pfizer Inc. (PFE) is a firm with an outstanding portion of prescription drug’s sales (reaching up to 90%), and a large share of the pharmaceutical market, making it an industry leader. Pfizer enjoys a wide moat, based on its capacity to diversify fields of operation, secure high levels of cash flow and financial strength for the development of new drugs, and finally due to its sales ratio in emerging markets. More...

PHARMACEUTICAL,DRUGS,PRESCRIPTIONS,LYRICA,WYETH,VACCINES,CARDIOLOGY,ONCOLOGY,NEUROSCIENCE


  • Currently 4.67/5

Rating: 4.7/5 (9 votes)

Deere's DDM Valuation Indicates an Urgent Buy
In a previous article we looked into Deere & Company (DE), the world's biggest producer of farm equipment, which is also a large maker of construction machinery and lawn and garden equipment. We saw that the firm is investing hard (has launched several new tractor products) to increase its market share in Brazil because the value of agricultural production is expected to rise. Deere expects its agriculture and turf sales to grow 20% in South America. The firm's largest competitors include Caterpillar (CAT) and Kubota Corporation (KUBTY). More...

LONG, MACHINERY, FARM, CONSTRUCTION


  • Currently 3.80/5

Rating: 3.8/5 (5 votes)

Why Linear Technology Has Upside Potential – A Look at Fundamental Value
Linear Technology Corp. (LLTC) designs, makes and markets a broad line of high performance standard linear integrated circuits (ICs) that address a wide range of real-world signal processing applications. The firm's largest competitors include Texas Instruments Inc. (TXN), Maxim Integrated Products Inc. (MXIM) and Analog Devices Inc. (ADI). More...

LONG, TECH, DDM, CIRCUITS, IC,


  • Currently 3.75/5

Rating: 3.8/5 (4 votes)

First Eagle Global Fund Fourth Quarter Commentary
Market Overview More...

Add Notes, Comments or Ask Questions

User Comments

No comment yet

Latest Guru Stock Picks


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide