Historical Stock Holdings

First Eagle Investment Management

PeriodPortfolio ValueTop 20 holdings history (left to right)
2024   Q3$48.5 B ORCL
Oracle Corp.
4.94% of portfolio
 		META
Meta Platforms Inc.
4.18% of portfolio
 		HCA
HCA Healthcare Inc.
3.75% of portfolio
 		XOM
Exxon Mobil Corp.
3.18% of portfolio
 		IMO
Imperial Oil Ltd.
3.15% of portfolio
 		WTW
Willis Towers Watson plc
3.11% of portfolio
 		CMCSA
Comcast Corp.
2.74% of portfolio
 		PM
Philip Morris Intl.
2.67% of portfolio
 		CHRW
C.H. Robinson Worldwide
2.60% of portfolio
 		WPM
Wheaton Precious Metals Corp.
2.43% of portfolio
 		SLB
Schlumberger Ltd.
2.38% of portfolio
 		ELV
Elevance Health Inc.
2.34% of portfolio
 		BK
Bank of New York Mellon Corp.
2.32% of portfolio
 		GOOG
Alphabet Inc. CL C
2.30% of portfolio
 		GOLD
Barrick Gold Corp.
2.25% of portfolio
 		UHS
Universal Health Services Inc.
2.18% of portfolio
 		FMX
Fomento Economico Mexicano
2.14% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.09% of portfolio
 		NEM
Newmont Corp.
2.05% of portfolio
 		CL
Colgate-Palmolive
1.90% of portfolio
2024   Q2$44.1 B ORCL
Oracle Corp.
4.52% of portfolio
 		META
Meta Platforms Inc.
4.05% of portfolio
 		XOM
Exxon Mobil Corp.
3.43% of portfolio
 		IMO
Imperial Oil Ltd.
3.38% of portfolio
 		HCA
HCA Healthcare Inc.
3.27% of portfolio
 		WTW
Willis Towers Watson plc
3.19% of portfolio
 		SLB
Schlumberger Ltd.
2.87% of portfolio
 		CMCSA
Comcast Corp.
2.82% of portfolio
 		GOOG
Alphabet Inc. CL C
2.78% of portfolio
 		ELV
Elevance Health Inc.
2.53% of portfolio
 		WPM
Wheaton Precious Metals Corp.
2.51% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.47% of portfolio
 		PM
Philip Morris Intl.
2.45% of portfolio
 		FMX
Fomento Economico Mexicano
2.34% of portfolio
 		CHRW
C.H. Robinson Worldwide
2.29% of portfolio
 		GOLD
Barrick Gold Corp.
2.16% of portfolio
 		BK
Bank of New York Mellon Corp.
2.13% of portfolio
 		CL
Colgate-Palmolive
1.98% of portfolio
 		ADI
Analog Devices
1.98% of portfolio
 		UHS
Universal Health Services Inc.
1.94% of portfolio
2024   Q1$44 B ORCL
Oracle Corp.
4.06% of portfolio
 		META
Meta Platforms Inc.
3.93% of portfolio
 		IMO
Imperial Oil Ltd.
3.51% of portfolio
 		XOM
Exxon Mobil Corp.
3.49% of portfolio
 		HCA
HCA Healthcare Inc.
3.42% of portfolio
 		WTW
Willis Towers Watson plc
3.41% of portfolio
 		SLB
Schlumberger Ltd.
3.36% of portfolio
 		CMCSA
Comcast Corp.
3.16% of portfolio
 		FMX
Fomento Economico Mexicano
2.87% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.80% of portfolio
 		GOOG
Alphabet Inc. CL C
2.33% of portfolio
 		WPM
Wheaton Precious Metals Corp.
2.30% of portfolio
 		GOLD
Barrick Gold Corp.
2.23% of portfolio
 		CL
Colgate-Palmolive
2.16% of portfolio
 		ELV
Elevance Health Inc.
2.10% of portfolio
 		BK
Bank of New York Mellon Corp.
2.10% of portfolio
 		PM
Philip Morris Intl.
2.07% of portfolio
 		CHRW
C.H. Robinson Worldwide
1.99% of portfolio
 		UHS
Universal Health Services Inc.
1.92% of portfolio
 		MDT
Medtronic plc
1.87% of portfolio
2023   Q4$41.8 B META
Meta Platforms Inc.
4.75% of portfolio
 		ORCL
Oracle Corp.
4.67% of portfolio
 		SLB
Schlumberger Ltd.
3.35% of portfolio
 		CMCSA
Comcast Corp.
3.35% of portfolio
 		WTW
Willis Towers Watson plc
3.22% of portfolio
 		XOM
Exxon Mobil Corp.
3.16% of portfolio
 		FMX
Fomento Economico Mexicano
3.11% of portfolio
 		IMO
Imperial Oil Ltd.
3.07% of portfolio
 		HCA
HCA Healthcare Inc.
2.92% of portfolio
 		WPM
Wheaton Precious Metals Corp.
2.49% of portfolio
 		NEM
Newmont Corp.
2.35% of portfolio
 		GOOG
Alphabet Inc. CL C
2.26% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.26% of portfolio
 		ABEV
Ambev S.A.
2.10% of portfolio
 		CL
Colgate-Palmolive
2.09% of portfolio
 		PM
Philip Morris Intl.
2.03% of portfolio
 		BK
Bank of New York Mellon Corp.
2.02% of portfolio
 		ELV
Elevance Health Inc.
2.01% of portfolio
 		CHRW
C.H. Robinson Worldwide
1.96% of portfolio
 		GOLD
Barrick Gold Corp.
1.94% of portfolio
2023   Q3$38 B ORCL
Oracle Corp.
5.17% of portfolio
 		META
Meta Platforms Inc.
4.47% of portfolio
 		SLB
Schlumberger Ltd.
4.12% of portfolio
 		XOM
Exxon Mobil Corp.
4.08% of portfolio
 		CMCSA
Comcast Corp.
3.73% of portfolio
 		IMO
Imperial Oil Ltd.
3.59% of portfolio
 		FMX
Fomento Economico Mexicano
3.12% of portfolio
 		WTW
Willis Towers Watson plc
2.97% of portfolio
 		HCA
HCA Healthcare Inc.
2.91% of portfolio
 		GOOG
Alphabet Inc. CL C
2.32% of portfolio
 		WPM
Wheaton Precious Metals Corp.
2.24% of portfolio
 		PM
Philip Morris Intl.
2.20% of portfolio
 		CHRW
C.H. Robinson Worldwide
2.13% of portfolio
 		ABEV
Ambev S.A.
2.10% of portfolio
 		CL
Colgate-Palmolive
2.06% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.05% of portfolio
 		ELV
Elevance Health Inc.
2.04% of portfolio
 		NOV
Nov Inc.
2.02% of portfolio
 		BK
Bank of New York Mellon Corp.
1.82% of portfolio
 		NEM
Newmont Corp.
1.78% of portfolio
2023   Q2$39 B ORCL
Oracle Corp.
5.72% of portfolio
 		META
Meta Platforms Inc.
4.21% of portfolio
 		XOM
Exxon Mobil Corp.
3.66% of portfolio
 		HCA
HCA Healthcare Inc.
3.54% of portfolio
 		CMCSA
Comcast Corp.
3.45% of portfolio
 		SLB
Schlumberger Ltd.
3.43% of portfolio
 		IMO
Imperial Oil Ltd.
3.15% of portfolio
 		FMX
Fomento Economico Mexicano
3.11% of portfolio
 		WTW
Willis Towers Watson plc
3.00% of portfolio
 		ABEV
Ambev S.A.
2.54% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.34% of portfolio
 		CHRW
C.H. Robinson Worldwide
2.32% of portfolio
 		PM
Philip Morris Intl.
2.28% of portfolio
 		WPM
Wheaton Precious Metals Corp.
2.25% of portfolio
 		CL
Colgate-Palmolive
2.19% of portfolio
 		GOOG
Alphabet Inc. CL C
2.09% of portfolio
 		ELV
Elevance Health Inc.
2.05% of portfolio
 		NEM
Newmont Corp.
2.02% of portfolio
 		UHS
Universal Health Services Inc.
1.89% of portfolio
 		BK
Bank of New York Mellon Corp.
1.87% of portfolio
2023   Q1$37.7 B ORCL
Oracle Corp.
5.10% of portfolio
 		XOM
Exxon Mobil Corp.
3.91% of portfolio
 		SLB
Schlumberger Ltd.
3.58% of portfolio
 		CMCSA
Comcast Corp.
3.29% of portfolio
 		META
Meta Platforms Inc.
3.26% of portfolio
 		IMO
Imperial Oil Ltd.
3.23% of portfolio
 		HCA
HCA Healthcare Inc.
3.21% of portfolio
 		WTW
Willis Towers Watson plc
3.05% of portfolio
 		FMX
Fomento Economico Mexicano
2.78% of portfolio
 		CHRW
C.H. Robinson Worldwide
2.60% of portfolio
 		WPM
Wheaton Precious Metals Corp.
2.59% of portfolio
 		NEM
Newmont Corp.
2.40% of portfolio
 		PM
Philip Morris Intl.
2.36% of portfolio
 		ABEV
Ambev S.A.
2.33% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.23% of portfolio
 		CL
Colgate-Palmolive
2.21% of portfolio
 		ELV
Elevance Health Inc.
2.19% of portfolio
 		GOLD
Barrick Gold Corp.
2.09% of portfolio
 		BK
Bank of New York Mellon Corp.
2.03% of portfolio
 		ADI
Analog Devices
1.87% of portfolio
2022   Q4$36.2 B ORCL
Oracle Corp.
4.67% of portfolio
 		XOM
Exxon Mobil Corp.
4.10% of portfolio
 		SLB
Schlumberger Ltd.
4.06% of portfolio
 		WTW
Willis Towers Watson plc
3.34% of portfolio
 		IMO
Imperial Oil Ltd.
3.22% of portfolio
 		CMCSA
Comcast Corp.
3.15% of portfolio
 		HCA
HCA Healthcare Inc.
3.06% of portfolio
 		CHRW
C.H. Robinson Worldwide
2.73% of portfolio
 		PM
Philip Morris Intl.
2.54% of portfolio
 		ELV
Elevance Health Inc.
2.53% of portfolio
 		CL
Colgate-Palmolive
2.40% of portfolio
 		NEM
Newmont Corp.
2.40% of portfolio
 		FMX
Fomento Economico Mexicano
2.37% of portfolio
 		WPM
Wheaton Precious Metals Corp.
2.18% of portfolio
 		BK
Bank of New York Mellon Corp.
2.15% of portfolio
 		NOV
Nov Inc.
2.14% of portfolio
 		ABEV
Ambev S.A.
2.14% of portfolio
 		GOLD
Barrick Gold Corp.
2.00% of portfolio
 		META
Meta Platforms Inc.
1.93% of portfolio
 		TSM
Taiwan Semiconductor S.A.
1.86% of portfolio
2022   Q3$33 B XOM
Exxon Mobil Corp.
5.24% of portfolio
 		ORCL
Oracle Corp.
4.79% of portfolio
 		IMO
Imperial Oil Ltd.
3.24% of portfolio
 		CHRW
C.H. Robinson Worldwide
3.08% of portfolio
 		WTW
Willis Towers Watson plc
2.96% of portfolio
 		SLB
Schlumberger Ltd.
2.94% of portfolio
 		CMCSA
Comcast Corp.
2.81% of portfolio
 		ELV
Elevance Health Inc.
2.53% of portfolio
 		HCA
HCA Healthcare Inc.
2.50% of portfolio
 		PM
Philip Morris Intl.
2.45% of portfolio
 		ABEV
Ambev S.A.
2.42% of portfolio
 		CL
Colgate-Palmolive
2.29% of portfolio
 		NEM
Newmont Corp.
2.27% of portfolio
 		META
Meta Platforms Inc.
2.18% of portfolio
 		NTR
Nutrien Ltd.
2.13% of portfolio
 		FMX
Fomento Economico Mexicano
2.06% of portfolio
 		GOLD
Barrick Gold Corp.
2.01% of portfolio
 		BK
Bank of New York Mellon Corp.
1.92% of portfolio
 		WPM
Wheaton Precious Metals Corp.
1.90% of portfolio
 		TSM
Taiwan Semiconductor S.A.
1.85% of portfolio
2022   Q2$35.4 B ORCL
Oracle Corp.
5.12% of portfolio
 		XOM
Exxon Mobil Corp.
4.83% of portfolio
 		CMCSA
Comcast Corp.
3.36% of portfolio
 		IMO
Imperial Oil Ltd.
3.30% of portfolio
 		CHRW
C.H. Robinson Worldwide
3.04% of portfolio
 		NEM
Newmont Corp.
2.95% of portfolio
 		ELV
Elevance Health Inc.
2.75% of portfolio
 		SLB
Schlumberger Ltd.
2.74% of portfolio
 		PM
Philip Morris Intl.
2.71% of portfolio
 		WTW
Willis Towers Watson plc
2.70% of portfolio
 		CL
Colgate-Palmolive
2.55% of portfolio
 		META
Meta Platforms Inc.
2.42% of portfolio
 		HCA
HCA Healthcare Inc.
2.12% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.07% of portfolio
 		ABEV
Ambev S.A.
1.98% of portfolio
 		BK
Bank of New York Mellon Corp.
1.95% of portfolio
 		NTR
Nutrien Ltd.
1.89% of portfolio
 		GLD
SPDR Gold Trust
1.80% of portfolio
 		MSFT
Microsoft Corp.
1.76% of portfolio
 		WPM
Wheaton Precious Metals Corp.
1.74% of portfolio
2022   Q1$40.8 B ORCL
Oracle Corp.
5.26% of portfolio
 		XOM
Exxon Mobil Corp.
4.78% of portfolio
 		CMCSA
Comcast Corp.
3.46% of portfolio
 		NEM
Newmont Corp.
3.41% of portfolio
 		IMO
Imperial Oil Ltd.
2.93% of portfolio
 		CHRW
C.H. Robinson Worldwide
2.82% of portfolio
 		WTW
Willis Towers Watson plc
2.78% of portfolio
 		META
Meta Platforms Inc.
2.77% of portfolio
 		SLB
Schlumberger Ltd.
2.67% of portfolio
 		ELV
Elevance Health Inc.
2.45% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.32% of portfolio
 		PM
Philip Morris Intl.
2.23% of portfolio
 		ABEV
Ambev S.A.
2.17% of portfolio
 		NTR
Nutrien Ltd.
2.13% of portfolio
 		CL
Colgate-Palmolive
2.10% of portfolio
 		WPM
Wheaton Precious Metals Corp.
1.99% of portfolio
 		BK
Bank of New York Mellon Corp.
1.92% of portfolio
 		MSFT
Microsoft Corp.
1.84% of portfolio
 		GLD
SPDR Gold Trust
1.67% of portfolio
 		NOV
Nov Inc.
1.63% of portfolio
2021   Q4$39.9 B ORCL
Oracle Corp.
5.63% of portfolio
 		CMCSA
Comcast Corp.
3.71% of portfolio
 		XOM
Exxon Mobil Corp.
3.66% of portfolio
 		CHRW
C.H. Robinson Worldwide
2.86% of portfolio
 		META
Meta Platforms Inc.
2.84% of portfolio
 		WTW
Willis Towers Watson plc
2.82% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.80% of portfolio
 		NEM
Newmont Corp.
2.71% of portfolio
 		PM
Philip Morris Intl.
2.49% of portfolio
 		CL
Colgate-Palmolive
2.48% of portfolio
 		ELV
Elevance Health Inc.
2.35% of portfolio
 		BK
Bank of New York Mellon Corp.
2.33% of portfolio
 		MSFT
Microsoft Corp.
2.25% of portfolio
 		IMO
Imperial Oil Ltd.
2.24% of portfolio
 		NTR
Nutrien Ltd.
2.14% of portfolio
 		SLB
Schlumberger Ltd.
2.02% of portfolio
 		WY
Weyerhaeuser Co.
1.88% of portfolio
 		WPM
Wheaton Precious Metals Corp.
1.77% of portfolio
 		AXP
American Express
1.73% of portfolio
 		ABEV
Ambev S.A.
1.62% of portfolio
2021   Q3$39 B ORCL
Oracle Corp.
5.86% of portfolio
 		CMCSA
Comcast Corp.
4.22% of portfolio
 		XOM
Exxon Mobil Corp.
3.78% of portfolio
 		META
Meta Platforms Inc.
2.97% of portfolio
 		WTW
Willis Towers Watson plc
2.83% of portfolio
 		NTR
Nutrien Ltd.
2.80% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.75% of portfolio
 		NEM
Newmont Corp.
2.56% of portfolio
 		PM
Philip Morris Intl.
2.56% of portfolio
 		CHRW
C.H. Robinson Worldwide
2.35% of portfolio
 		SLB
Schlumberger Ltd.
2.35% of portfolio
 		CL
Colgate-Palmolive
2.26% of portfolio
 		BK
Bank of New York Mellon Corp.
2.15% of portfolio
 		MSFT
Microsoft Corp.
2.11% of portfolio
 		IMO
Imperial Oil Ltd.
2.07% of portfolio
 		ELV
Elevance Health Inc.
1.96% of portfolio
 		TDC
Teradata Corp.
1.93% of portfolio
 		AXP
American Express
1.83% of portfolio
 		WY
Weyerhaeuser Co.
1.69% of portfolio
 		TXN
Texas Instruments
1.65% of portfolio
2021   Q2$40 B ORCL
Oracle Corp.
5.23% of portfolio
 		CMCSA
Comcast Corp.
4.26% of portfolio
 		XOM
Exxon Mobil Corp.
4.02% of portfolio
 		META
Meta Platforms Inc.
3.03% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.93% of portfolio
 		NEM
Newmont Corp.
2.92% of portfolio
 		NTR
Nutrien Ltd.
2.62% of portfolio
 		PM
Philip Morris Intl.
2.59% of portfolio
 		CHRW
C.H. Robinson Worldwide
2.47% of portfolio
 		CL
Colgate-Palmolive
2.41% of portfolio
 		SLB
Schlumberger Ltd.
2.15% of portfolio
 		BK
Bank of New York Mellon Corp.
2.11% of portfolio
 		ABEV
Ambev S.A.
2.02% of portfolio
 		MSFT
Microsoft Corp.
2.01% of portfolio
 		IMO
Imperial Oil Ltd.
1.98% of portfolio
 		LIN
Linde plc
1.92% of portfolio
 		AXP
American Express
1.90% of portfolio
 		ELV
Elevance Health Inc.
1.87% of portfolio
 		WPM
Wheaton Precious Metals Corp.
1.82% of portfolio
 		TDC
Teradata Corp.
1.69% of portfolio
2021   Q1$37.6 B ORCL
Oracle Corp.
5.17% of portfolio
 		CMCSA
Comcast Corp.
4.34% of portfolio
 		XOM
Exxon Mobil Corp.
3.85% of portfolio
 		TSM
Taiwan Semiconductor S.A.
3.06% of portfolio
 		NEM
Newmont Corp.
2.96% of portfolio
 		NTR
Nutrien Ltd.
2.86% of portfolio
 		META
Meta Platforms Inc.
2.76% of portfolio
 		CHRW
C.H. Robinson Worldwide
2.68% of portfolio
 		CL
Colgate-Palmolive
2.50% of portfolio
 		PM
Philip Morris Intl.
2.47% of portfolio
 		LIN
Linde plc
2.39% of portfolio
 		BK
Bank of New York Mellon Corp.
2.09% of portfolio
 		SLB
Schlumberger Ltd.
1.99% of portfolio
 		AXP
American Express
1.92% of portfolio
 		ELV
Elevance Health Inc.
1.89% of portfolio
 		MSFT
Microsoft Corp.
1.86% of portfolio
 		TXN
Texas Instruments
1.83% of portfolio
 		WY
Weyerhaeuser Co.
1.81% of portfolio
 		GLD
SPDR Gold Trust
1.72% of portfolio
 		ABEV
Ambev S.A.
1.71% of portfolio
2020   Q4$35.5 B ORCL
Oracle Corp.
5.15% of portfolio
 		CMCSA
Comcast Corp.
4.48% of portfolio
 		XOM
Exxon Mobil Corp.
3.11% of portfolio
 		NEM
Newmont Corp.
3.10% of portfolio
 		TSM
Taiwan Semiconductor S.A.
3.02% of portfolio
 		NTR
Nutrien Ltd.
2.97% of portfolio
 		CL
Colgate-Palmolive
2.88% of portfolio
 		CHRW
C.H. Robinson Worldwide
2.79% of portfolio
 		META
Meta Platforms Inc.
2.51% of portfolio
 		PM
Philip Morris Intl.
2.43% of portfolio
 		LIN
Linde plc
2.37% of portfolio
 		BK
Bank of New York Mellon Corp.
2.18% of portfolio
 		WY
Weyerhaeuser Co.
2.06% of portfolio
 		DE
Deere & Co.
1.95% of portfolio
 		GLD
SPDR Gold Trust
1.95% of portfolio
 		WPM
Wheaton Precious Metals Corp.
1.90% of portfolio
 		ABEV
Ambev S.A.
1.89% of portfolio
 		MSFT
Microsoft Corp.
1.87% of portfolio
 		TXN
Texas Instruments
1.85% of portfolio
 		ELV
Elevance Health Inc.
1.84% of portfolio
2020   Q3$33.3 B ORCL
Oracle Corp.
5.30% of portfolio
 		CMCSA
Comcast Corp.
4.50% of portfolio
 		NEM
Newmont Corp.
3.70% of portfolio
 		CHRW
C.H. Robinson Worldwide
3.25% of portfolio
 		CL
Colgate-Palmolive
2.92% of portfolio
 		PM
Philip Morris Intl.
2.86% of portfolio
 		XOM
Exxon Mobil Corp.
2.72% of portfolio
 		NTR
Nutrien Ltd.
2.72% of portfolio
 		WPM
Wheaton Precious Metals Corp.
2.70% of portfolio
 		DE
Deere & Co.
2.63% of portfolio
 		META
Meta Platforms Inc.
2.54% of portfolio
 		LIN
Linde plc
2.52% of portfolio
 		GOLD
Barrick Gold Corp.
2.50% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.46% of portfolio
 		WY
Weyerhaeuser Co.
2.30% of portfolio
 		GLD
SPDR Gold Trust
2.24% of portfolio
 		MSFT
Microsoft Corp.
1.90% of portfolio
 		AEM
Agnico-Eagle Mines Ltd.
1.90% of portfolio
 		BK
Bank of New York Mellon Corp.
1.90% of portfolio
 		ELV
Elevance Health Inc.
1.75% of portfolio
2020   Q2$31.8 B ORCL
Oracle Corp.
5.16% of portfolio
 		CMCSA
Comcast Corp.
4.00% of portfolio
 		XOM
Exxon Mobil Corp.
3.88% of portfolio
 		NEM
Newmont Corp.
3.78% of portfolio
 		GOLD
Barrick Gold Corp.
3.34% of portfolio
 		WPM
Wheaton Precious Metals Corp.
3.02% of portfolio
 		CL
Colgate-Palmolive
2.87% of portfolio
 		PM
Philip Morris Intl.
2.84% of portfolio
 		CHRW
C.H. Robinson Worldwide
2.70% of portfolio
 		LIN
Linde plc
2.47% of portfolio
 		NTR
Nutrien Ltd.
2.33% of portfolio
 		GLD
SPDR Gold Trust
2.29% of portfolio
 		META
Meta Platforms Inc.
2.25% of portfolio
 		BK
Bank of New York Mellon Corp.
2.25% of portfolio
 		MSFT
Microsoft Corp.
2.21% of portfolio
 		WY
Weyerhaeuser Co.
2.12% of portfolio
 		DE
Deere & Co.
2.04% of portfolio
 		SLB
Schlumberger Ltd.
1.97% of portfolio
 		TSM
Taiwan Semiconductor S.A.
1.81% of portfolio
 		ELV
Elevance Health Inc.
1.79% of portfolio
2020   Q1$27.5 B ORCL
Oracle Corp.
5.34% of portfolio
 		CMCSA
Comcast Corp.
4.07% of portfolio
 		XOM
Exxon Mobil Corp.
3.80% of portfolio
 		NEM
Newmont Corp.
3.37% of portfolio
 		PM
Philip Morris Intl.
3.33% of portfolio
 		GOLD
Barrick Gold Corp.
3.12% of portfolio
 		CL
Colgate-Palmolive
3.01% of portfolio
 		NTR
Nutrien Ltd.
2.80% of portfolio
 		CHRW
C.H. Robinson Worldwide
2.58% of portfolio
 		WY
Weyerhaeuser Co.
2.52% of portfolio
 		WPM
Wheaton Precious Metals Corp.
2.39% of portfolio
 		LIN
Linde plc
2.36% of portfolio
 		GLD
SPDR Gold Trust
2.34% of portfolio
 		BK
Bank of New York Mellon Corp.
2.26% of portfolio
 		DE
Deere & Co.
2.08% of portfolio
 		MSFT
Microsoft Corp.
2.04% of portfolio
 		META
Meta Platforms Inc.
1.90% of portfolio
 		ELV
Elevance Health Inc.
1.78% of portfolio
 		TSM
Taiwan Semiconductor S.A.
1.76% of portfolio
 		SLB
Schlumberger Ltd.
1.68% of portfolio
2019   Q4$36.5 B ORCL
Oracle Corp.
4.48% of portfolio
 		CMCSA
Comcast Corp.
3.99% of portfolio
 		XOM
Exxon Mobil Corp.
3.81% of portfolio
 		WY
Weyerhaeuser Co.
3.43% of portfolio
 		SLB
Schlumberger Ltd.
3.36% of portfolio
 		NTR
Nutrien Ltd.
2.93% of portfolio
 		PM
Philip Morris Intl.
2.87% of portfolio
 		BK
Bank of New York Mellon Corp.
2.61% of portfolio
 		NEM
Newmont Corp.
2.46% of portfolio
 		GOLD
Barrick Gold Corp.
2.40% of portfolio
 		CL
Colgate-Palmolive
2.37% of portfolio
 		LIN
Linde plc
2.28% of portfolio
 		GLD
SPDR Gold Trust
2.01% of portfolio
 		TFC
Truist Financial Corp.
1.97% of portfolio
 		DE
Deere & Co.
1.95% of portfolio
 		WPM
Wheaton Precious Metals Corp.
1.95% of portfolio
 		FTI
TechnipFMC plc
1.89% of portfolio
 		USB
U.S. Bancorp
1.88% of portfolio
 		CHRW
C.H. Robinson Worldwide
1.83% of portfolio
 		MMM
3M Co.
1.74% of portfolio
2019   Q3$35.2 B ORCL
Oracle Corp.
4.90% of portfolio
 		CMCSA
Comcast Corp.
4.19% of portfolio
 		XOM
Exxon Mobil Corp.
4.02% of portfolio
 		WY
Weyerhaeuser Co.
3.44% of portfolio
 		NTR
Nutrien Ltd.
2.99% of portfolio
 		SLB
Schlumberger Ltd.
2.77% of portfolio
 		PM
Philip Morris Intl.
2.69% of portfolio
 		CL
Colgate-Palmolive
2.66% of portfolio
 		BK
Bank of New York Mellon Corp.
2.43% of portfolio
 		GOLD
Barrick Gold Corp.
2.36% of portfolio
 		LIN
Linde plc
2.30% of portfolio
 		NEM
Newmont Corp.
2.24% of portfolio
 		MMM
3M Co.
2.21% of portfolio
 		DE
Deere & Co.
2.17% of portfolio
 		GLD
SPDR Gold Trust
2.14% of portfolio
 		BBT-OLD
BB&T Corp.
1.97% of portfolio
 		OMC
Omnicom Group
1.87% of portfolio
 		FTI
TechnipFMC plc
1.86% of portfolio
 		WTW
Willis Towers Watson plc
1.84% of portfolio
 		MSFT
Microsoft Corp.
1.83% of portfolio