Sanders Capital, LLC

Registered adviser

CIK

1508097

Location

West Palm Beach, FL

Portfolio Value

Large $99,830,442,177

Diversification

Diversified

Files via

Russell Investments Group, Ltd.

Filing Date

Global Rank

#99 / 8,807 ▼ 1

Top Industry

Semiconductors 19.4%

Period ended 4 months ago

Filed Aug 10, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 151480

Roster of Oct 1, 2026

Regulatory AUM

$122,179,654,000

Main clients

Diversified

Private funds

3 funds · Hedge funds

$2,137,072,345 gross assets

Registered funds advised

1 series (0 index, 0 ETFs)

$60,475,573,171 net assets· N-CEN Oct 31, 2025

LEI

98450000A73LD0Y3C606

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$122,179,654,000	Diversified
Apr 2025 to Mar 2026	$100,243,730,000	Diversified
Apr 2024 to Mar 2025	$82,252,391,000	Diversified
May 2023 to Mar 2024	$61,660,253,000	Diversified
Apr 2023	$61,660,253,000	Diversified
Apr 2022 to Mar 2023	$76,961,772,000	Diversified

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 60.2% of the book (60%+)

Turnover

Low turnover

28.1% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 18.0 quarters (12+), a floor since 51.3% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 66.4%; sector active share 23.1% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

47 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

12.5%

+1.2 pts

Top 5

41.4%

−0.4 pts

Top 10

60.2%

−1.3 pts

HHI

515

Diversified−4

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	37.3%	$37,283,332,739	8
Communication Services	17.2%	$17,129,933,011	3
Healthcare	12.5%	$12,485,030,514	7
Consumer Cyclical	11.3%	$11,280,174,454	6
Industrials	9.8%	$9,786,130,613	6
Financial Services	8.2%	$8,218,404,163	11
Unclassified	2.2%	$2,177,669,975	2
Consumer Defensive	1.5%	$1,469,766,708	4

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	+15,435,388	22,560,894	$4,514,209,280
BKNG	Booking Holdings Inc.	+7,115,492	7,414,965	$1,321,643,361
MSFT	Microsoft Corp	+3,708,334	16,102,026	$6,006,377,738
BAC	Bank Of America Corp /De/	+1,178,310	46,345,469	$2,640,764,823
LMT	Lockheed Martin Corp	+952,510	2,093,533	$1,066,571,322
CME	Cme Group Inc.	+906,550	5,067,740	$1,119,109,024
ULTA	Ulta Beauty, Inc.	+552,830	2,460,969	$1,109,847,799
META	Meta Platforms, Inc.	+258,271	10,823,070	$6,096,527,100
UL	Unilever PLC	+143,900	235,435	$14,154,352
CRM	Salesforce, Inc.	+83,051	9,615,354	$1,506,341,357
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
STX	Seagate Technology Holdings plc	−9,409,982	3,487,219	$3,365,166,335
VEU	Vanguard International Equity Index Funds	−2,140,071	7,839,638	$656,569,682
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−1,911,028	26,149,064	$12,488,008,494
GOOG	Alphabet Inc.	−1,260,144	27,472,939	$9,707,013,536
PEP	Pepsico Inc	−1,243,181	530,401	$71,816,295
SPY	Spdr S&P 500 ETF Trust	−886,102	2,036,906	$1,521,100,293
AMZN	Amazon Com Inc	−465,956	29,352,719	$6,995,927,046
AAPL	Apple Inc.	−341,450	10,528,191	$3,046,437,347
DAL	Delta Air Lines, Inc.	−337,526	29,129,629	$2,728,281,052
UAL	United Airlines Holdings, Inc.	−176,603	15,027,948	$2,043,650,648
HSBC	Hsbc Holdings PLC	−174,600	2,632,430	$250,317,768
PDD	PDD Holdings Inc.	−155,084	7,936,717	$605,412,772
CI	Cigna Group	−145,765	10,144,617	$2,796,668,014
RTX	RTX Corp	−129,400	9,277,878	$1,760,291,792
HCA	HCA Healthcare, Inc.	−128,858	8,828,287	$3,442,060,818
TFC	Truist Financial Corp	−128,800	1,909,022	$95,107,476
PG	PROCTER & GAMBLE Co	−102,531	6,648,957	$975,003,054
AMAT	Applied Materials Inc /De	−80,800	6,094,372	$4,406,230,956
TCOM	Trip.com Group Ltd	−80,210	10,560,564	$420,732,869
AZN	Astrazeneca PLC	−78,798	6,986,830	$1,324,842,704
GD	General Dynamics Corp	−71,088	3,546,156	$1,256,190,301
ABT	Abbott Laboratories	−70,800	1,050,405	$95,313,749
ELV	Elevance Health, Inc.	−69,279	5,825,024	$2,252,711,531
UNH	Unitedhealth Group Inc	−66,051	5,898,634	$2,451,649,249
V	Visa Inc.	−65,350	4,796,303	$1,645,563,596
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
AVGO	Broadcom Inc.	5,163,630	$1,950,561,232
DIS	Walt Disney Co	13,780,700	$1,326,392,375
RCL	Royal Caribbean Cruises Ltd	2,603,252	$826,610,607
MKC	Mccormick & Co Inc	8,107,755	$408,793,007
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
ACN	Accenture plc	11,197,806	$2,220,412,951
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

47 tracked positions · $99,830,442,177 total · filing declares 47 positions · $99,830,442,199 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	26,149,064	-1,911,028	$12,488,008,494	+31.7%	12.51%
GOOG	Alphabet Inc. Communication Services	Reduced	27,472,939	-1,260,144	$9,707,013,536	+17.8%	9.72%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	29,352,719	-465,956	$6,995,927,046	+12.6%	7.01%
META	Meta Platforms, Inc. Communication Services	Added	10,823,070	+258,271	$6,096,527,100	+0.9%	6.11%
MSFT	Microsoft Corp Technology	Added	16,102,026	+3,708,334	$6,006,377,738	+30.9%	6.02%
NVDA	Nvidia Corp Technology	Added	22,560,894	+15,435,388	$4,514,209,280	+263.3%	4.52%
AMAT	Applied Materials Inc /De Technology	Reduced	6,094,372	-80,800	$4,406,230,956	+108.8%	4.41%
HCA	HCA Healthcare, Inc. Healthcare	Reduced	8,828,287	-128,858	$3,442,060,818	−18.8%	3.45%
STX	Seagate Technology Holdings plc Technology	Reduced	3,487,219	-9,409,982	$3,365,166,335	−33.4%	3.37%
AAPL	Apple Inc. Technology	Reduced	10,528,191	-341,450	$3,046,437,347	+10.4%	3.05%
CI	Cigna Group Healthcare	Reduced	10,144,617	-145,765	$2,796,668,014	+1.9%	2.80%
DAL	Delta Air Lines, Inc. Industrials	Reduced	29,129,629	-337,526	$2,728,281,052	+39.3%	2.73%
BAC	Bank Of America Corp /De/ Financial Services	Added	46,345,469	+1,178,310	$2,640,764,823	+19.9%	2.65%
UNH	Unitedhealth Group Inc Healthcare	Reduced	5,898,634	-66,051	$2,451,649,249	+51.9%	2.46%
ELV	Elevance Health, Inc. Healthcare	Reduced	5,825,024	-69,279	$2,252,711,531	+30.5%	2.26%
UAL	United Airlines Holdings, Inc. Industrials	Reduced	15,027,948	-176,603	$2,043,650,648	+46.0%	2.05%
AVGO	Broadcom Inc. Technology	NEW	5,163,630	NEW	$1,950,561,232	NEW	1.95%
RTX	RTX Corp Industrials	Reduced	9,277,878	-129,400	$1,760,291,792	−3.0%	1.76%
V	Visa Inc. Financial Services	Reduced	4,796,303	-65,350	$1,645,563,596	+12.0%	1.65%
SPY	Spdr S&P 500 ETF Trust	Reduced	2,036,906	-886,102	$1,521,100,293	−20.0%	1.52%
CRM	Salesforce, Inc. Technology	Added	9,615,354	+83,051	$1,506,341,357	−15.3%	1.51%
DIS	Walt Disney Co Communication Services	NEW	13,780,700	NEW	$1,326,392,375	NEW	1.33%
AZN	Astrazeneca PLC Healthcare	Reduced	6,986,830	-78,798	$1,324,842,704	−4.9%	1.33%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	7,414,965	+7,115,492	$1,321,643,361	+2520.5%	1.32%
GD	General Dynamics Corp Industrials	Reduced	3,546,156	-71,088	$1,256,190,301	+1.2%	1.26%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	3,837,596	-58,969	$1,256,160,298	+9.6%	1.26%
MA	Mastercard Inc Financial Services	Reduced	2,330,359	-30,070	$1,196,872,382	+1.5%	1.20%
CME	Cme Group Inc. Financial Services	Added	5,067,740	+906,550	$1,119,109,024	−8.9%	1.12%
ULTA	Ulta Beauty, Inc. Consumer Cyclical	Added	2,460,969	+552,830	$1,109,847,799	+11.3%	1.11%
LMT	Lockheed Martin Corp Industrials	Added	2,093,533	+952,510	$1,066,571,322	+54.7%	1.07%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	6,648,957	-102,531	$975,003,054	−0.0%	0.98%
NOC	Northrop Grumman Corp /De/ Industrials	Reduced	1,828,249	-38,978	$931,145,498	−26.9%	0.93%
RCL	Royal Caribbean Cruises Ltd Consumer Cyclical	NEW	2,603,252	NEW	$826,610,607	NEW	0.83%
VEU	Vanguard International Equity Index Funds	Reduced	7,839,638	-2,140,071	$656,569,682	−12.4%	0.66%
PDD	PDD Holdings Inc. Consumer Cyclical	Reduced	7,936,717	-155,084	$605,412,772	−26.8%	0.61%
TCOM	Trip.com Group Ltd Consumer Cyclical	Reduced	10,560,564	-80,210	$420,732,869	−20.6%	0.42%
MKC	Mccormick & Co Inc Consumer Defensive	NEW	8,107,755	NEW	$408,793,007	NEW	0.41%
HSBC	Hsbc Holdings PLC Financial Services	Reduced	2,632,430	-174,600	$250,317,768	+8.1%	0.25%
ABBV	AbbVie Inc. Healthcare	Reduced	483,963	-32,630	$121,784,449	+8.4%	0.12%
ABT	Abbott Laboratories Healthcare	Reduced	1,050,405	-70,800	$95,313,749	−17.2%	0.10%
TFC	Truist Financial Corp Financial Services	Reduced	1,909,022	-128,800	$95,107,476	+1.5%	0.10%
PEP	Pepsico Inc Consumer Defensive	Reduced	530,401	-1,243,181	$71,816,295	−73.9%	0.07%
UL	Unilever PLC Consumer Defensive	Added	235,435	+143,900	$14,154,352	+171.4%	0.01%
SHG	Shinhan Financial Group Co Ltd Financial Services	Reduced	119,936	-33,690	$7,585,952	−19.5%	0.01%
ING	Ing Groep NV Financial Services	Reduced	112,785	-3,100	$3,539,193	+17.2%	0.00%
NWG	NatWest Group plc Financial Services	Reduced	179,964	-5,100	$3,172,765	+15.1%	0.00%
SYF	Synchrony Financial Financial Services	Reduced	2,773	-16,094	$210,886	−83.6%	0.00%

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.