In a delayed quarterly disclosure filed on August 24, 2026, First Eagle Investment Management revealed it had more than doubled its holding in the SPDR Gold Trust (GLD). The firm increased its shares by over 102% to 4.98 million for the period ending June 30, 2026, bringing the total value to $1.84 billion.
This move aligns with First Eagle's public statements viewing gold as a long-term strategic hedge. In a July 2026 commentary, the firm noted that gold's valuation appeared compelling and that it serves as a crucial allocation against adverse events, citing ongoing geopolitical turmoil and government debt dynamics as key drivers for their continued conviction.