Value investor First Eagle Investment Management significantly increased its holdings in enterprise software company Workday (WDAY) during the second quarter of 2026. The firm boosted its position by over 131%, from 7.61 million to 17.65 million shares. This raised the total reported value of its stake to $2.16 billion, a substantial increase from the previous quarter's $988.52 million.
This trade was disclosed in a quarterly 13F filing with the SEC, which details positions held as of June 30, 2026, and was made public on August 24. Following the large purchase, Workday now represents 3.56% of First Eagle's reported portfolio, up from 1.68%. This makes the software company a more significant holding for the investment manager, which is known for its long-term, value-oriented approach.