Jean-Marie Eveillard

First Eagle Investment Management, LLC

Last Update: 2013-04-24

Number of Stocks: 352
Number of New Stocks: 51

Total Value: $29,980 Mil
Q/Q Turnover: 10%

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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.

Total Holding History

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Performance of First Eagle Global Fund

Year	Return (%)	S&P500 (%)	Excess Gain (%)
2012	12.46	15.4	-2.9
2011	-0.19	2.08	-2.3
2010	17.58	15.06	2.5
3-Year Cumulative	32 (9.7%/year)	35.5 (10.7%/year)	-3.5 (-1%/year)
2009	29.99	26.46	3.5
2008	-21.06	-37	15.9
5-Year Cumulative	35.4 (6.3%/year)	8 (1.5%/year)	27.4 (4.8%/year)
2007	9.9	5.61	4.3
2006	20.5	15.79	4.7
2005	14.91	4.91	10.0
2004	18.37	12	6.4
2003	37.64	28.7	8.9
10-Year Cumulative	235.8 (12.9%/year)	99.7 (7.2%/year)	136.1 (5.7%/year)
2002	10.23	-22.1	32.3
2001	10.21	-11.9	22.1
2000	9.72	-9.1	18.8
1999	19.56	21	-1.4
1998	-0.26	28.6	-28.9
15-Year Cumulative	433.7 (11.8%/year)	93.8 (4.5%/year)	339.9 (7.3%/year)
1997	8.54	33.4	-24.9
1996	13.64	23	-9.4
1995	15.24	37.6	-22.4
1994	2.52	1.3	1.2
1993	26.15	10.1	16.0
20-Year Cumulative	881.1 (12.1%/year)	388.1 (8.2%/year)	493 (3.9%/year)
1992	8.41	7.6	0.8
1991	17.93	30.5	-12.6
1990	-1.3	-3.1	1.8
1989	17.21	31.7	-14.5
1988	14.15	16.6	-2.5
25-Year Cumulative	1556.4 (11.9%/year)	919.9 (9.7%/year)	636.5 (2.2%/year)
1987	13.76	5.1	8.7
1986	25.02	18.6	6.4
1985	32.71	31.6	1.1
1984	2.86	6.1	-3.2
1983	24.03	22.4	1.6
30-Year Cumulative	3888.6 (13.1%/year)	2072.7 (10.8%/year)	1815.9 (2.3%/year)
1982	31.56	21.4	10.2
1981	8	-5	13.0
1980	31.66	32.3	-0.6

Commentaries and Stories

Currently 4.00/5

Rating: 4.0/5 (4 votes)

First Eagle - Japan Commentary

May 23, 2013

Recent political changes suggest that the Japanese electorate has prepared itself to emerge from its long economic malaise. But can Japan, shackled by the three Ds of deflation, demographics, and debt, succeed? More...

Currently 3.75/5

Rating: 3.8/5 (4 votes)

The Far-Off Four, 52-week Lows Held by Gurus

May 11, 2013

This week the GuruFocus 52-week low screener reveals the “Far-Off Four,” meaning four stocks that are among the farthest off-high: More...

GOLD, BIOTECHNOLOGY, UTILITIES - REGULATED ELECTRIC

Currently 3.33/5

Rating: 3.3/5 (3 votes)

Large Insider Sells Reported in the Entertainment Industry

May 10, 2013

This week we saw an increase in insider sells coming from the entertainment industry. The following three companies represent the largest sells coming from two or more of their corporate executives. More...

Currently 2.00/5

Rating: 2.0/5 (4 votes)

Update on First Eagle - Top Six Holdings

April 28, 2013

The names Jean-Marie Eveillard and First Eagle Funds have been used interchangeably for years. Here is an update on Guru Eveillard and the top six holdings of First Eagle Investment Management, LLC. More...

ENTERTAINMENT, PAY TV, RETAIL – APPAREL & SPECIALTY, APPLICATION SOFTWARE, RETAIL – DEFENSIVE, COMMUNICATION EQUIPMENT, COMMUNICATION SERVICES, BROADCASTING

Currently 5.00/5

Rating: 5.0/5 (2 votes)

Ford Motor Company (F) - How to Sell Cars to the Feminine Mystique

March 25, 2013

With automakers casting a wider global net, top billionaire investor Gurus seem split on the Ford Motor Co. (F) as of quarter ending Dec. 31, 2012. While increasing automotive exports overseas, automakers are also reaching towards women as a sector of key buyers, earners and decision-makers. The obvious necessity of marketing to women is finally trickling up in corporations after Betty Friedan wrote all about it 50 years ago in her classic book “The Feminine Mystique.” (There’s a chapter on advertising: The Sexual Sell.) More...

Currently 4.00/5

Rating: 4.0/5 (6 votes)

Guru Stocks at 52-Week Lows: BIDU, ABX, APA, PKX, MT

March 25, 2013

According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

Currently 3.00/5

Rating: 3.0/5 (2 votes)

Insider Buy for Dresser-Rand Group Highlights Oil and Gas Industries

March 11, 2013

On March 8 the CEO and president of Dresser-Rand Group Inc. (DRC) added almost 18,000 shares to his stake. This insider trade marks the first insider buy for Dresser-Rand since 2008 and the first insider trade since May of last year. More...

DRC

Currently 1.00/5

Rating: 1.0/5 (2 votes)

Weekly Guru Bargains Highlights: GOLD, AEM, NEM, TFM, PAY

March 10, 2013

According to GuruFocus updates, these stocks have declined the most since Gurus have bought. More...

Rangold Resources Ltd, Agnico-Eagle Mines, Newmont Mining Corporation, Fresh Market, Inc., Payce Consolidated Limited, VeriFone Systems, Inc.

Currently 3.80/5

Rating: 3.8/5 (5 votes)

Jean-Marie Eveillard Provides a Couple of Japanese Stock Ideas

February 25, 2013

Eveillard discusses the dual stock and real estate bubbles that have caused a hangover in Japan for the past 20 years. He sees that the country is now going to try and inflate their way out of the 20-year slump. More...

Currently 0.00/5

Rating: 0.0/5 (0 votes)

First Eagle Global Fund Q4 Commentary

February 13, 2013

Market Overview: In the fourth quarter of 2012, the MSCI World Index increased +2.49% while in the U.S. the S&P 500 decreased -0.38%. In Europe, the German DAX increased +5.49% and the French CAC 40 index increased +8.53% during the quarter. The Nikkei 225 index increased +17.19% during the period. Crude oil decreased -0.40% to $91.82 a barrel, and the price of gold decreased -5.66% to $1,673.16 an ounce at quarter-end. The U.S. dollar rose +11.30% against the yen and it weakened -2.53% against the euro. On the first trading day of 2013, U.S. markets rallied in response to the last-minute deal that prevented the country from going over the fiscal cliff. However, this settlement was a low-quality compromise that could exacerbate one of the core structural problems in the U.S.—the U.S. savings shortfall. We feel this shortfall has both domestic and global consequences since the dollar is the world's reserve currency. More...

Currently 5.00/5

Rating: 5.0/5 (2 votes)

First Eagle Investment Management Teams Discuss Investing for Income and Capital Appreciation

January 8, 2013

The PMs' Perspective is a series of interviews with senior members of First Eagle Investment Management's investment teams. As a firm with a long tradition of independent thinking, we invite you to read these market views and strategic insights. More...

Currently 3.29/5

Rating: 3.3/5 (7 votes)

Eveillard’s First Eagle Seizes 45% of Pharamaceutical Company, Aradigm

December 19, 2012

As of Dec. 18, investing Guru Jean-Marie Eveillard, along with his mutual fund firm, First Eagle Investment Management, has reported increasing the firm’s stake in the pharmaceutical company, Aradigm Corp. (ARDM), by 173.61 percent, according to GuruFocus Real Time Picks. More...

JEAN-MARIE EVEILLARD, FIRST EAGLE

Currently 3.83/5

Rating: 3.8/5 (6 votes)

Jean-Marie Eveillard Interview with Manual of Ideas

December 14, 2012

More...

Currently 3.75/5

Rating: 3.8/5 (4 votes)

Jean-Marie Eveillard's First Eagle U.S. Value Fund Third Quarter Commentary

December 5, 2012

Market Overview More...

Currently 4.71/5

Rating: 4.7/5 (7 votes)

Jean-Marie Eveillard's First Eagle Global Fund Third Quarter Commentary

December 5, 2012

Market Overview In the third quarter of 2012, the MSCI World Index increased 6.7% while in the U.S. the S&P 500 Index increased 6.4%. In Europe, the German DAX increased 12.5% and the French CAC 40 index increased 4.9% during the quarter. The Nikkei 225 index decreased 1.5% during the period. Crude oil jumped 6.9% to $92.19 a barrel, and the price of gold fluctuated—dropping 1.9%, then rising 13.1% to rest at $1,773 an ounce by quarter-end. The U.S. dollar fell 2.3% against the yen and it dropped 1.5% against the euro. More...

Currently 2.33/5

Rating: 2.3/5 (6 votes)

Extended Conversation with Jean-Marie Eveillard

December 4, 2012

The great thing about value investing is how much we can learn from the investing greats because they are willing to share. More...

Currently 4.00/5

Rating: 4.0/5 (4 votes)

Guru Stocks at 52-Week Low: VOD, PBR, INTC, MCD

December 3, 2012

According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. [b] More...

Currently 3.67/5

Rating: 3.7/5 (3 votes)

Weekly CEO Buys Highlight: PACB, AKS, EPIQ, GGS, TPGI

December 2, 2012

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 3.13/5

Rating: 3.1/5 (16 votes)

Jean-Marie Eveillard - There is No Perfect Way to Determine the Intrinsic Value of a Business

December 2, 2012

Eveillard discusses the various methods by which an investor can value a business, narrowing the list down to his personal favorite: More...

Currently 3.25/5

Rating: 3.3/5 (4 votes)

Weekly CEO Buys Highlight: FFIN, STEC, MPO, PACB, TPGI

November 25, 2012

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...