BRANDES INVESTMENT PARTNERS, LP
Long book
$14.13B
Q1 2026
Positions
186
Top-10 weight
21%
concentration
Last quarter
+7.6%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsBRANDES INVESTMENT PARTNERS, LP is an institutional manager, running a $14.13B US long book across 186 positions.
The portfolio is broadly diversified across 186 positions (top 10 only 21%). Turnover is modest: positions are typically held for years. Current anchor positions: CAE INC, EMBRAER SA-SPON ADR, AMDOCS LTD, GRIFOLS SA-ADR, CITIGROUP INC.
Over the last 9 quarters its long book ran on average 0pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.8%
Q2 2024
+8.3%
Q3 2024
-0.2%
Q4 2024
+3.8%
Q1 2025
+7.2%
Q2 2025
+7.5%
Q3 2025
+5.9%
Q4 2025
+2.9%
Q1 2026
+7.6%
Sector allocation
Financials 19%
Technology 18%
Healthcare 14%
Industrials 14%
Other 8%
Consumer discretionary 8%
Services media 5%
Energy 4%
Long book by quarter
What does BRANDES INVESTMENT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CAE CAE INC | Technology | 15.9M | $413.5M | 2.9% | +4.7% |
| DOX AMDOCS LTD | Technology | 4.7M | $303.8M | 2.2% | +71.5% |
| C CITIGROUP INC | Financials | 2.4M | $277.2M | 2.0% | +3.5% |
| MRK MERCK & CO. INC. | Healthcare | 2.3M | $277.0M | 2.0% | -6.7% |
| OTEX OPEN TEXT CORP | Technology | 12.1M | $269.9M | 1.9% | +33.3% |
| CI THE CIGNA GROUP | Financials | 1.0M | $269.1M | 1.9% | +6.8% |
| MHK MOHAWK INDUSTRIES INC | Other | 2.6M | $257.8M | 1.8% | +137.5% |
| PFE PFIZER INC | Healthcare | 9.1M | $255.7M | 1.8% | +5.5% |
| FDX FEDEX CORP | Industrials | 706.5K | $251.6M | 1.8% | -2.3% |
| TXT TEXTRON INC | Industrials | 2.8M | $248.7M | 1.8% | +3.9% |
| HAL HALLIBURTON CO | Energy | 6.3M | $245.3M | 1.7% | -16.7% |
| TIGO MILLICOM INTL CELLULAR S.A. | Communications | 3.3M | $244.4M | 1.7% | -32.6% |
| BDX BECTON DICKINSON AND CO | Healthcare | 1.5M | $238.3M | 1.7% | +23.2% |
| BAC BANK OF AMERICA CORP | Financials | 4.6M | $222.6M | 1.6% | +4.1% |
| WFC WELLS FARGO & CO | Financials | 2.8M | $219.3M | 1.6% | +4.8% |
| WLK WESTLAKE CORP | Other | 1.8M | $215.3M | 1.5% | +10.3% |
| KMT KENNAMETAL INC | Industrials | 5.3M | $190.2M | 1.3% | -48.5% |
| CTSH COGNIZANT TECH SOLUTIONS-A | Technology | 3.0M | $186.7M | 1.3% | +31.0% |
| CMCSA COMCAST CORP-CLASS A | Communications | 6.4M | $184.6M | 1.3% | +7.3% |
| HXL HEXCEL CORP | Materials | 2.2M | $180.8M | 1.3% | -10.8% |
| EPAM EPAM SYSTEMS INC | Technology | 1.3M | $179.4M | 1.3% | +34.7% |
| PGR PROGRESSIVE CORP | Financials | 868.7K | $172.2M | 1.2% | +44.2% |
| ACGL ARCH CAPITAL GROUP LTD | Financials | 1.8M | $170.1M | 1.2% | +3.6% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 814.0K | $169.4M | 1.2% | +2.0% |
| UNH UNITEDHEALTH GROUP INC | Financials | 621.9K | $168.3M | 1.2% | +55.4% |
| HCA HCA HEALTHCARE INC | Healthcare | 343.2K | $162.4M | 1.1% | -11.3% |
| INVX INNOVEX INTERNATIONAL INC | Industrials | 6.6M | $160.6M | 1.1% | -14.0% |
| ICLR ICON PLC | Healthcare | 1.4M | $158.8M | 1.1% | +84.8% |
| GLOB GLOBANT SA | Technology | 3.4M | $157.9M | 1.1% | +42.6% |
| AJG ARTHUR J GALLAGHER & CO | Financials | 701.3K | $151.9M | 1.1% | New |
| MCK MCKESSON CORP | Consumer discretionary | 172.5K | $149.3M | 1.1% | -8.4% |
| ARLO ARLO TECHNOLOGIES INC | Services media | 10.2M | $145.4M | 1.0% | +24.6% |
| EPC EDGEWELL PERSONAL CARE CO | Other | 6.7M | $143.4M | 1.0% | +9.8% |
| CVS CVS HEALTH CORP | Healthcare | 2.0M | $141.5M | 1.0% | +6.7% |
| EFX EQUIFAX INC | Services media | 747.2K | $134.6M | 1.0% | New |
| MU MICRON TECHNOLOGY INC | Technology | 391.8K | $132.4M | 0.9% | -33.7% |
| EMR EMERSON ELECTRIC CO | Industrials | 953.5K | $124.9M | 0.9% | +5.0% |
| IMKTA INGLES MARKETS INC-CLASS A | Consumer discretionary | 1.3M | $112.6M | 0.8% | +3.8% |
| FISV FISERV INC | Services media | 1.9M | $107.5M | 0.8% | +6.7% |
| SLB SLB LTD | Energy | 2.0M | $104.9M | 0.7% | +5.1% |
| GOOGL ALPHABET INC-CL A | Technology | 353.9K | $101.8M | 0.7% | +5.5% |
| CVX CHEVRON CORP | Energy | 483.2K | $100.0M | 0.7% | -17.4% |
| WKC WORLD KINECT CORP | Consumer discretionary | 4.3M | $99.0M | 0.7% | +11.5% |
| EVRG EVERGY INC | Utilities | 1.2M | $97.2M | 0.7% | +4.2% |
| GHM GRAHAM CORP | Industrials | 1.2M | $92.4M | 0.7% | -6.1% |
| WTW WILLIS TOWERS WATSON PLC | Financials | 299.0K | $86.9M | 0.6% | +8.5% |
| OMC OMNICOM GROUP | Services media | 1.1M | $86.3M | 0.6% | +5.2% |
| KNX KNIGHT-SWIFT TRANSPORTATION | Industrials | 1.5M | $85.5M | 0.6% | +5.0% |
| PZZA PAPA JOHN'S INTL INC | Consumer discretionary | 2.6M | $85.3M | 0.6% | +608.9% |
| GOOG ALPHABET INC-CL C | Technology | 293.6K | $84.2M | 0.6% | +3.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 476 | $14.13B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 473 | $13.14B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 460 | $12.47B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 454 | $11.06B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 452 | $9.83B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 455 | $8.95B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 448 | $8.89B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 19, 2024 | 369 | $8.12B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 364 | $7.77B | canonical | SEC ↗ |
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