First Eagle Investment Management significantly increased its position in NOV Inc., a major provider of equipment and technology to the energy industry. According to its latest ownership filing, the investment firm boosted its holdings by nearly 69%, purchasing an estimated $463 million worth of shares to bring its total stake to 61.37 million. The total reported value of the position now stands at $1.14 billion.
This trade was disclosed in a quarterly 13F filing with the SEC, which reveals positions held as of June 30, 2026. These filings are delayed, meaning the transactions occurred during the second quarter. In that same period, NOV reported a 4% sequential increase in revenue to $2.13 billion and returned $127 million to shareholders through dividends and buybacks.