BRANDES INVESTMENT PARTNERS, LP

CIK

1015079

Location

LA JOLLA, CA

Portfolio Value

Large $13,950,752,021

Diversification

Diversified

Filing Date

Global Rank

#345 / 8,623 ▲ 29 · as of Mar 2026

Top Industry

Aerospace & Defense 9.7%

3Y Alpha vs SPY

+1.1%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+78.5%

SPY

+65.3%

Annualised alpha

+3.1%

Max drawdown

−14.7%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

179 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

3.0%

−0.6 pts

Top 5

11.6%

−1.3 pts

Top 10

21.2%

−1.8 pts

HHI

123

Diversified−7

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	21.7%	$3,033,542,348	36
Industrials	19.7%	$2,742,842,826	29
Technology	14.5%	$2,024,696,293	19
Financial Services	12.7%	$1,770,505,952	28
Energy	7.4%	$1,031,761,313	8
Consumer Defensive	5.7%	$800,513,498	18
Communication Services	5.6%	$779,621,375	12
Consumer Cyclical	5.2%	$726,277,417	14
Basic Materials	4.7%	$658,188,983	9
Utilities	2.0%	$273,515,870	4
Unclassified	0.8%	$107,528,328	1
Real Estate	0.0%	$1,757,818	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
GRFS	Grifols SA	+5,379,491	36,333,714	$291,396,384
OTEX	Open Text Corp	+3,029,841	12,135,998	$269,904,594
PZZA	Papa Johns International Inc	+2,261,395	2,632,804	$85,329,176
ARLO	Arlo Technologies, Inc.	+2,020,147	10,218,854	$145,414,291
DOX	Amdocs Ltd	+1,940,122	4,655,087	$303,790,975
TAP-A	Molson Coors Beverage Co	+1,531,733	1,639,212	$70,584,467
NICE	NICE Ltd.	+1,522,382	2,229,590	$245,834,592
MHK	Mohawk Industries Inc	+1,515,848	2,618,422	$257,809,828
JBS	Jbs N.V.	+1,303,838	2,982,674	$53,568,823
NTGR	Netgear, Inc.	+1,146,114	3,001,669	$65,556,450
GLOB	Globant S.A.	+1,023,668	3,424,400	$157,899,081
TCOM	Trip.com Group Ltd	+838,012	867,912	$43,213,337
SNY	Sanofi	+809,844	3,723,100	$179,378,956
ENIC	Enel Chile S.A.	+739,159	6,009,907	$23,679,033
CTSH	Cognizant Technology Solutions Corp	+720,410	3,042,840	$186,678,231
CAE	Cae Inc	+716,679	15,874,667	$413,535,073
ICLR	Icon PLC	+658,321	1,435,053	$158,802,963
EPC	EDGEWELL PERSONAL CARE Co	+601,578	6,721,077	$143,427,782
TAK	Takeda Pharmaceutical Co Ltd	+548,760	4,430,642	$82,055,489
EMBJ	Embraer S.A.	+548,206	5,703,945	$338,472,094
AOUT	American Outdoor Brands, Inc.	+541,285	2,428,930	$22,686,206
NGG	National Grid PLC	+531,537	1,312,011	$110,996,129
PFE	Pfizer Inc	+478,043	9,107,225	$255,730,876
ABEV	Ambev S.A.	+475,549	23,075,673	$67,380,964
WKC	World Kinect Corp	+444,090	4,289,840	$98,966,607
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
KMT	Kennametal Inc	−4,965,772	5,265,280	$190,234,565
CX	Cemex Sab De CV	−3,753,325	9,098,991	$104,092,456
TIGO	Millicom International Cellular SA	−1,575,489	3,261,016	$244,380,537
ELAN	Elanco Animal Health Inc	−1,422,956	2,778,908	$66,499,267
CTVA	Corteva, Inc.	−1,416,962	895,553	$74,966,740
HAL	Halliburton Co	−1,257,586	6,291,344	$245,299,501
INVX	Innovex International, Inc.	−1,072,795	6,583,415	$160,569,490
SEE	SEALED AIR CORP/DE	−1,067,584	23,092	$971,018
NTR	Nutrien Ltd.	−915,583	943,685	$71,210,469
CAH	Cardinal Health Inc	−523,985	257,924	$54,501,918
NWG	NatWest Group plc	−483,688	12,878	$191,882
STM	STMicroelectronics N.V.	−468,034	1,098,931	$37,968,066
TKR	Timken Co	−413,979	253,187	$25,463,016
PKE	Park Aerospace Corp	−409,074	2,782,337	$76,180,386
EBMT	Eagle Bancorp Montana, Inc.	−348,925	64,963	$1,336,938
WRB	Berkley W R Corp	−304,775	513,217	$34,016,021
LKQ	Lkq Corp	−272,251	1,627,869	$47,810,510
HXL	Hexcel Corp /De/	−271,743	2,234,325	$180,823,920
GSK	GSK plc	−271,574	1,453,002	$80,191,180
HCSG	Healthcare Services Group Inc	−246,716	458,556	$8,506,213
MU	Micron Technology Inc	−199,531	391,792	$132,363,007
MRK	Merck & Co., Inc.	−164,963	2,302,562	$276,975,181
JNJ	Johnson & Johnson	−139,502	279,660	$68,360,088
TTE	TotalEnergies SE	−134,375	693,857	$63,127,109
CVX	Chevron Corp	−101,444	483,160	$99,965,802
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
AJG	Arthur J. Gallagher & Co.	701,260	$151,878,887
EFX	Equifax Inc	747,201	$134,548,482
LW	Lamb Weston Holdings, Inc.	942,284	$39,820,921
FMS	Fresenius Medical Care AG	1,610,849	$36,340,753
WAT	Waters Corp /De/	69,454	$20,683,399
NTES	NetEase, Inc.	109,401	$12,246,347
TFX	Teleflex Inc	33,109	$3,960,167
TSN	Tyson Foods, Inc.	51,203	$3,280,576
TRU	TransUnion	34,305	$2,373,562
CAG	Conagra Brands Inc.	148,610	$2,336,149
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
GIL	Gildan Activewear Inc.	1,598,946	$99,870,165
UWMC	UWM Holdings Corp	10,471,859	$45,866,742
GTES	Gates Industrial Corp plc	1,130,476	$24,271,318
E	Eni Spa	410,556	$15,576,494
HOLX	HOLOGIC INC	44,864	$3,341,919
SEB	Seaboard Corp /De/	463	$2,057,951
HSBC	Hsbc Holdings PLC	10,175	$800,467
AIG	American International Group, Inc.	4,552	$389,423
GTE	Gran Tierra Energy Inc.	63,869	$270,804
RTO	Rentokil Initial PLC /Fi	7,054	$207,810
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

179 tracked positions · $13,950,752,021 total · filing declares 476 positions · $14,129,283,803 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 179 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CAE	Cae Inc Industrials	Added	15,874,667	+716,679	$413,535,073	−10.3%	2.96%
EMBJ	Embraer S.A. Industrials	Added	5,703,945	+548,206	$338,472,094	+2.0%	2.43%
DOX	Amdocs Ltd Technology	Added	4,655,087	+1,940,122	$303,790,975	+39.0%	2.18%
GRFS	Grifols SA Healthcare	Reduced	36,333,714	-18,073,938	$291,396,384	−42.7%	2.09%
C	Citigroup Inc Financial Services	Added	2,444,489	+83,457	$277,229,495	+0.6%	1.99%
MRK	Merck & Co., Inc. Healthcare	Reduced	2,302,562	-164,963	$276,975,181	+6.6%	1.99%
OTEX	Open Text Corp Technology	Added	12,135,998	+3,029,841	$269,904,594	−9.0%	1.93%
CI	Cigna Group Healthcare	Added	1,008,869	+64,607	$269,115,804	+3.6%	1.93%
MHK	Mohawk Industries Inc Consumer Cyclical	Added	2,618,422	+1,515,848	$257,809,828	+113.9%	1.85%
SHEL	Shell plc Energy	Added	2,752,755	+135,338	$256,006,215	+33.1%	1.84%
PFE	Pfizer Inc Healthcare	Added	9,107,225	+478,043	$255,730,876	+19.0%	1.83%
FDX	Fedex Corp Industrials	Reduced	706,467	-16,814	$251,629,436	+20.4%	1.80%
TXT	Textron Inc Industrials	Added	2,840,753	+105,706	$248,736,330	+4.3%	1.78%
NICE	NICE Ltd. Technology	Added	2,229,590	+1,522,382	$245,834,592	+207.5%	1.76%
HAL	Halliburton Co Energy	Reduced	6,291,344	-1,257,586	$245,299,501	+15.0%	1.76%
TIGO	Millicom International Cellular SA Communication Services	Reduced	3,261,016	-1,575,489	$244,380,537	−8.9%	1.75%
BDX	Becton Dickinson & Co Healthcare	Added	1,515,604	+285,897	$238,298,414	−0.1%	1.71%
BAC	Bank Of America Corp /De/ Financial Services	Added	4,566,877	+180,675	$222,635,252	−7.7%	1.60%
WFC	Wells Fargo & Company/Mn Financial Services	Added	2,754,893	+125,746	$219,317,029	−10.5%	1.57%
WLK	Westlake Corp Basic Materials	Added	1,842,650	+172,323	$215,258,371	+74.3%	1.54%
KMT	Kennametal Inc Industrials	Reduced	5,265,280	-4,965,772	$190,234,565	−34.6%	1.36%
CTSH	Cognizant Technology Solutions Corp Technology	Added	3,042,840	+720,410	$186,678,231	−3.2%	1.34%
CMCSA	Comcast Corp Communication Services	Added	6,429,738	+435,317	$184,597,776	+3.0%	1.32%
HXL	Hexcel Corp /De/ Industrials	Reduced	2,234,325	-271,743	$180,823,920	−2.4%	1.30%
EPAM	EPAM Systems, Inc. Technology	Added	1,325,054	+341,224	$179,412,310	−11.0%	1.29%
SNY	Sanofi Healthcare	Added	3,723,100	+809,844	$179,378,956	+27.1%	1.29%
PGR	Progressive Corp/Oh/ Financial Services	Added	868,688	+266,412	$172,208,708	+25.6%	1.23%
ACGL	Arch Capital Group Ltd. Financial Services	Added	1,772,372	+61,807	$170,129,986	+3.7%	1.22%
PNC	Pnc Financial Services Group, Inc. Financial Services	Added	814,000	+16,173	$169,385,259	+1.7%	1.21%
UNH	Unitedhealth Group Inc Healthcare	Added	621,884	+221,821	$168,275,589	+27.4%	1.21%
HCA	HCA Healthcare, Inc. Healthcare	Reduced	343,224	-43,607	$162,427,324	−10.1%	1.16%
INVX	Innovex International, Inc. Energy	Reduced	6,583,415	-1,072,795	$160,569,490	−4.1%	1.15%
ICLR	Icon PLC Healthcare	Added	1,435,053	+658,321	$158,802,963	+12.2%	1.14%
GLOB	Globant S.A. Technology	Added	3,424,400	+1,023,668	$157,899,081	+0.6%	1.13%
AJG	Arthur J. Gallagher & Co. Financial Services	NEW	701,260	NEW	$151,878,887	NEW	1.09%
MCK	Mckesson Corp Healthcare	Reduced	172,487	-15,878	$149,263,348	−3.4%	1.07%
ARLO	Arlo Technologies, Inc. Industrials	Added	10,218,854	+2,020,147	$145,414,291	+26.8%	1.04%
EPC	EDGEWELL PERSONAL CARE Co Consumer Defensive	Added	6,721,077	+601,578	$143,427,782	+37.5%	1.03%
CVS	CVS HEALTH Corp Healthcare	Added	1,969,801	+124,459	$141,471,106	−3.4%	1.01%
EFX	Equifax Inc Industrials	NEW	747,201	NEW	$134,548,482	NEW	0.96%
MU	Micron Technology Inc Technology	Reduced	391,792	-199,531	$132,363,007	−21.6%	0.95%
EMR	Emerson Electric Co Industrials	Added	953,506	+45,424	$124,928,355	+3.7%	0.90%
IMKTA	Ingles Markets Inc Consumer Defensive	Added	1,252,284	+45,638	$112,567,807	+36.1%	0.81%
NGG	National Grid PLC Utilities	Added	1,312,011	+531,537	$110,996,129	+83.9%	0.80%
FISV	Fiserv Inc	Added	1,927,031	+121,469	$107,528,328	−11.3%	0.77%
SLB	Slb Limited/Nv Energy	Added	2,042,013	+98,252	$104,939,046	+40.7%	0.75%
CX	Cemex Sab De CV Basic Materials	Reduced	9,098,991	-3,753,325	$104,092,456	−29.5%	0.75%
GOOGL	Alphabet Inc. Communication Services	Added	353,899	+18,479	$101,767,194	−3.1%	0.73%
CVX	Chevron Corp Energy	Reduced	483,160	-101,444	$99,965,802	+12.2%	0.72%
WKC	World Kinect Corp Energy	Added	4,289,840	+444,090	$98,966,607	+9.8%	0.71%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.