First Eagle Investment Management initiated a substantial new stake in Warrior Met Coal (HCC) during the second quarter of 2026, purchasing 3.88 million shares valued at approximately $314.82 million. This disclosure, made in a quarterly 13F filing with the SEC, reflects the firm's holdings as of June 30, 2026. The new position accounted for 0.53% of First Eagle's reported portfolio.
The investment occurred as Warrior Met Coal reported a strong second quarter, with record sales volumes and a 193% increase in adjusted EBITDA year-over-year, driven by the ramp-up of its new Blue Creek mine. The company noted significant margin expansion, lower costs, and generated over $103 million in free cash flow during the period.