Value-focused investor First Eagle Investment Management reduced its position in American Express (AXP) by 50.03% during the third quarter of 2026. According to its most recent 13F filing, the firm sold approximately 1.68 million shares, leaving it with a holding of 1.68 million shares valued at about $510.67 million as of September 30.
This trade information was disclosed in a quarterly report filed with the SEC on November 10, 2026, and reflects activity between July 1 and September 30. During that period, American Express reported strong Q3 results, with a 9% year-over-year increase in revenue to $20.1 billion and raised its full-year earnings guidance. First Eagle has not publicly commented on the specific reason for the significant reduction.