In a recent 13F filing with the SEC, First Eagle Investment Management disclosed a significant reduction in its position in Fidelity National Financial (FNF). The filing, which reflects holdings as of September 30, 2026, revealed that the investment manager sold approximately 9 million shares, cutting its stake by 50.1%. This trade reduced First Eagle's reported ownership to 8.96 million shares, valued at roughly $346.25 million at the end of the third quarter.
Investors should note that 13F filings are submitted to the SEC quarterly and released with a delay, so this report indicates a trade that occurred between June 30 and September 30, 2026. During that period, Fidelity National Financial navigated a market with mixed results. The company's Q3 earnings, reported in early November, showed that it missed revenue expectations while meeting profit targets, supported by strong performance in its commercial title business that offset weakness in the residential sector.