Jean-Marie Eveillard

Jean-Marie Eveillard

Last Update: 2014-09-09

Number of Stocks: 333
Number of New Stocks: 42

Total Value: $41,314 Mil
Q/Q Turnover: 11%

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

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Eveillard's First Eagle Increases 2 Positions Jean-Marie Eveillard - Eveillard's First Eagle Increases 2 Positions
First Eagle Investment Management on Aug. 31 reported adding to positions in two holdings: CUI Global Inc. (CUI) and Pain Therapeutics Inc. (PTIE). More...

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Caxton Associates Bought this Stock
In this article, let´s consider Anheuser-Busch InBev SA/NV (BUD), a $180.02 billion market cap. which has a trailing P/E ratio that indicates that the stock is relatively undervalued (PE 21.9x vs Industry Median 24.8x). More...

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This E&P Firm Is Attractive Enough
In this article, let's take a look at Cabot Oil & Gas Corporation (COG), a $14.21 billion market cap company, which is an independent oil and gas company engaged in development, exploration and production in North America More...

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A Leading Analog Chipmaker to Consider in Your Portfolio
In this article, let's take a look at Analog Devices, Inc. (ADI), a $15.79 billion market cap company, which is a company that manufactures high-performance integrated circuits (ICs) used in analog and digital signal processing applications. More...

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Rating: 4.3/5 (14 votes)

The Price of Being Different John Hussman,Jean-Marie Eveillard,Warren Buffett - The Price Of Being Different
Back in April, I wrote an article discussing Howard Marks (Trades, Portfolio)’ memo Dare to Be Great II; in the memo, Mr. Marks said the following: More...

LONG BRK.B


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Resolving the Main Question on Hedge Fund Manager´s Minds After Gold´s Rally Jean-Marie Eveillard,John Burbank - Resolving The Main Question On Hedge Fund Manager´s Minds After Gold´s Rally
After the rally of the first half of 2014, in which gold beat all the other investments such as commodities and equities, Hedge funds are reducing their positions in this "safe-haven" asset. More...

GOLD


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Bristol-Myers: Absolute Valuation Model versus Relative Valuation Model Bill Frels,Jean-Marie Eveillard - Bristol-Myers: Absolute Valuation Model Versus Relative Valuation Model
In this article, let´s consider Bristol-Myers Squibb Company (BMY), an $83.79 billion market cap that has a trailing P/E ratio that indicates the stock is relatively undervalued (PE 31.4x vs Industry Median 44.3x). More...

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Rating: 3.0/5 (3 votes)

Home Depot Consistently Increased Its Dividend; Is It Enough? Bill Nygren,Jean-Marie Eveillard - Home Depot Consistently Increased Its Dividend; Is It Enough?
In this article, let's take a look at The Home Depot, Inc. (HD), a $125.31 billion market cap company, which is the world's largest home improvement retailer. The company operates a chain of over 2,200 retail warehouse-type stores, selling a wide variety of home improvement products for the do-it-yourself and home remodeling markets. More...

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Sanofi Doesn´t Look Good in Absolute Valuation Method
In this article, let´s consider Sanofi (SNY), a $139.45 billion market cap, which has a trailing P/E ratio that indicates that the stock is relatively undervalued (PE 25.3x vs Industry Median 42.6x). More...

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More Conflicts in the World Benefit Lockheed Martin
In this article, let's take a look at Lockheed Martin Corporation (LMT), a $53.8 billion market cap company, which is the world's largest military weapons manufacturer. More...

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Portfolio Manager Bill Nygren Boosts Stakes in MasterCard
According to GuruFocusGuru Trades, on June 30, Bill Nygren (Trades, Portfolio), who is the portfolio manager of The Oakmark Fund, takes a long position on MasterCard, Inc. (MA). The company, an $88.49 billion market cap, has a trailing P/E ratio that indicates that the stock is relatively overvalued (27.3xvs15.2x of industry mean). So one question arises: Why is this hedge fund manager betting on it? More...

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Other Solid Stock in a Promising Industry
In this article, let's take a look at Occidental Petroleum Corporation (OXY), a $77.63 billion market cap company, which is an integrated oil and gas company, with significant exploration and production exposure. More...

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A Strong Candidate for Investor´s Portfolios
In this article, let's take a look at Johnson & Johnson (JNJ), a $285.07 billion market cap company, which is the world's largest and most diverse health-care company. More...

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Potash Corp. Has Long Term Catalysts
In this article, let's take a look at Potash Corp. of Saskatchewan, Inc (POT), a $30.61 billion market cap company, which is the world's largest integrated fertilizer and related industrial and feed products company by capacity. More...

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First Eagle Overseas Fund Second Quarter 2014 Commentary
Market Overview More...

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First Eagle Global Fund Comments on Teradata Corporation
The biggest laggard in the portfolio was Teradata Corporation (TDC), a data analytics company. We believe it is a stable cash flow generating business based on recurring maintenance revenues with high customer retention rates. More...

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First Eagle Global Fund Comments on Intel Corporation
Technology stocks also performed well, including Intel Corporation (INTC), as investors have recognized that that company’s scale in manufacturing may give it an edge in winning mobile device business as it evolves its product focus towards this market. More...

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First Eagle Global Fund Second Quarter 2014 Commentary
Market Overview More...

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Just Post-It: 3M Is a Good Bet for Your Portfolio Today
In this article, let's take a look at 3M Company (MMM), a $94.6 billion market cap, diversified global company that operates as a diversified technology company with manufacturing operations around 70 countries worldwide. I was impressed how the company survived to the last U.S. recession, reducing working capital to increase free cash flow and remaining profitable, so I think the next is worth to read and invest. More...

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No Semiconductor Company Has Been Able to Beat Linear Technology's Profitability
According to the Semiconductor Industry Association (SIA), worldwide sales of semiconductors reached $26.34 billion for the month of April 2014, an increase of 11.5% from the April 2013 with sales of $23.62 billion. The good news is that it is expected that this trend continue during the 2014 and 2015. More...

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