First Eagle Investment Management’s SM Energy SM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-415,868	Closed	-$10.4M	–	448
2025 Q3	$10.4M	Buy	415,868 +135,565	+48%	+$3.66M	0.02%	158
2025 Q2	$6.93M	Buy	280,303 +3,000	+1%	+$72.6K	0.01%	209
2025 Q1	$8.31M	Buy	277,303 +36,700	+15%	+$1.32M	0.02%	184
2024 Q4	$9.33M	Buy	240,603 +39,300	+20%	+$1.66M	0.02%	187
2024 Q3	$8.05M	Buy	201,303 +20,300	+11%	+$881K	0.02%	206
2024 Q2	$7.82M	Buy	181,003 +33,300	+23%	+$1.64M	0.02%	205
2024 Q1	$7.36M	Buy	147,703 +50,700	+52%	+$2.07M	0.02%	217
2023 Q4	$3.76M	Buy	97,003 +5,825	+6%	+$225K	0.01%	279
2023 Q3	$3.62M	Sell	91,178 -31,000	-25%	-$1.18M	0.01%	255
2023 Q2	$3.86M	Buy	122,178 +31,000	+34%	+$876K	0.01%	232
2023 Q1	$2.57M	Buy	91,178 +52,533	+136%	+$1.6M	0.01%	258
2022 Q4	$1.35M	Sell	38,645 -8,980	-19%	-$373K	﹤0.01%	301
2022 Q3	$1.79M	Sell	47,625 -15,462	-25%	-$608K	0.01%	236
2022 Q2	$2.16M	Sell	63,087 -11,751	-16%	-$478K	0.01%	208
2022 Q1	$2.92M	Buy	74,838 +43,635	+140%	+$1.57M	0.01%	103
2021 Q4	$920K	Buy	+31,203	New	+$974K	﹤0.01%	198