First Eagle Investment Management significantly reduced its exposure to Barrick Gold, cutting its holding by 49.4% according to its latest 13F filing. The value-oriented firm sold an estimated 19.7 million shares, leaving it with a stake of approximately 20.16 million shares valued at $819.8 million at the end of the reporting period.
As a quarterly disclosure, the filing reflects trading activity that occurred between July 1 and September 30, 2026. This large trade continues a broader theme for the investor; in a recent interview, a firm representative noted a general strategy of trimming gold exposure over the past two years. During the third quarter, Barrick reported that its all-in sustaining costs for gold production had risen significantly compared to the previous year.