In a recent 13F filing with the SEC, First Eagle Investment Management revealed a significant reduction in its holdings of Booking Holdings (BKNG). The investment firm sold approximately 4.34 million shares, cutting its position by over 44% to a new total of 5.49 million shares. The reported value of this stake is now approximately $894.52 million.
This trade occurred during the third quarter ending September 30, 2026, and was disclosed in a filing dated November 10, 2026, illustrating the typical delay in such regulatory disclosures. During that same quarter, Booking Holdings reported a 10% increase in gross bookings and a 7% rise in room nights booked. However, the company's reported revenue was impacted by a $900 million reduction related to a Federal Trade Commission matter. First Eagle has not publicly commented on the specific motivation for this trade.