In a significant move, First Eagle Investment Management increased its holding in Charter Communications (CHTR) by 100.4%, buying an estimated $511.18M worth of shares. The trade, which occurred during the second quarter ending June 30, 2026, raised First Eagle's total stake to 7.17 million shares valued at over $1.02 billion.
This disclosure comes from a quarterly 13F filing with the SEC, which is released with a delay, reflecting trades made in the prior quarter. During that period, Charter reported a 1.7% year-over-year revenue decline and a loss of internet subscribers, though its mobile segment continued to show customer growth. [1, 3, 4] First Eagle has not publicly commented on its specific rationale for the increased investment.