First Eagle Investment (Trades, Portfolio), where well-known investor Jean-Marie Eveillard acts as a senior adviser to the Global Value Team and board trustee of First Eagle Funds, added 22 new stocks to its portfolio in the first quarter, according to their portfolio update last week.
New York-based First Eagle manages roughly $94 billion. Its managers take different approaches to each fund but base their work on principles of fundamental analysis, ignoring the market and avoiding losses in adverse markets. In the past 10 years, the First Eagle Global Fund returned 6.6% on an annualized basis, as its benchmark MSCI World Index returned 4.1%.
As of March 31, First Eagle had 339 portfolio holdings, most heavily weighted in Technology, Basic Materials and Industrials.
In the first quarter, the fund’s largest new buys were: Amphenol Corp (APH, Financial), F5 Networks Inc. (FFIV, Financial), Zoetis Inc. (ZTS, Financial), T-Mobile US Inc. (TMUS, Financial) and Advance Auto Parts Inc. (AAP, Financial).
Amphenol Corp (APH, Financial)
First Eagle purchased 3,524,686 shares of Amphenol Corp, a 0.5% portfolio weight. The stock’s first-quarter share price averaged $52.
Amphenol Corp has a market cap of $17.3 billion; its shares were traded around $56.17 with a P/E ratio of 23.88 and P/S ratio of 3.12. The trailing 12-month dividend yield of Amphenol Corp stocks is 0.97%. The forward dividend yield of Amphenol Corp stocks is 1.0%. Amphenol Corp had an annual average earnings growth of 13.7% over the past 10 years. GuruFocus rated Amphenol Corp the business predictability rank of 5-star.
F5 Networks Inc. (FFIV, Financial)
First Eagle purchased 1,526,829 shares of F5 Networks Inc., a 0.4% portfolio weight. The stock’s first-quarter share price averaged $96.
F5 Networks Inc. has a market cap of $6.82 billion; its shares were traded around $101.86 with a P/E ratio of 20.18 and P/S ratio of 3.68. F5 Networks Inc. had an annual average earnings growth of 26.2% over the past 10 years. GuruFocus rated F5 Networks Inc. the business predictability rank of 5-star.
First Eagle purchased 2,812,702 shares of Zoetis Inc., a 0.3% portfolio weight. The stock’s first-quarter share price averaged $42.
Zoetis Inc. has a market cap of $23.61 billion; its shares were traded around $47.50 with a P/E ratio of 62.51 and P/S ratio of 5.01. The trailing 12-month dividend yield of Zoetis Inc. stocks is 0.76%. The forward dividend yield of Zoetis Inc. stocks is 0.79%. Zoetis Inc. had an annual average earnings growth of 16.8% over the past five years.
T-Mobile US Inc. (TMUS, Financial)
First Eagle purchased 2,281,473 shares of T-Mobile US Inc., a 0.2% portfolio weight. The stock’s first-quarter share price averaged $38.
T-mobile US Inc. has a market cap of $32.81 billion; its shares were traded around $39.90 with a P/E ratio of 27.14 and P/S ratio of 0.99. T-mobile US Inc. had an annual average earnings growth of 8.4% over the past five years.
Advance Auto Parts Inc. (AAP, Financial)
First Eagle purchased 531,585 shares of Advance Auto Parts, a 0.2% portfolio weight. The stock’s first-quarter share price averaged $150.
Advance Auto Parts Inc. has a market cap of $11.11 billion; its shares were traded around $151.53 with a P/E ratio of 23.73 and P/S ratio of 1.14. The trailing 12-month dividend yield of Advance Auto Parts Inc. stocks is 0.16%. The forward dividend yield of Advance Auto Parts Inc. stocks is 0.16%. Advance Auto Parts Inc. had an annual average earnings growth of 14.4% over the past 10 years. GuruFocus rated Advance Auto Parts Inc. the business predictability rank of 4.5-star.
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