GQG Partners LLC
Long book
$63.09B
Q1 2026
Positions
81
Top-10 weight
52%
concentration
Last quarter
-0.1%
SPY +14.8%
Turnover
27%
of book per quarter
Strategy in plain words
auto-generated from filingsGQG Partners LLC is a diversified fundamental manager, running a $63.09B US long book across 81 positions.
The portfolio is concentrated: the top 10 names carry 52% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: PHILIP MORRIS INTERNATIONAL, ENBRIDGE INC, CHUBB LTD, PETROLEO BRASILEIRO-SPON ADR, AT&T INC.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+12.5%
Q2 2024
+5.3%
Q3 2024
+0.9%
Q4 2024
+2.4%
Q1 2025
+5.6%
Q2 2025
-0.9%
Q3 2025
-0.4%
Q4 2025
+7.7%
Q1 2026
-0.1%
Sector allocation
Energy 23%
Financials 23%
Consumer staples 22%
Utilities 16%
Communications 9%
Healthcare 3%
Consumer discretionary 2%
Materials 1%
Long book by quarter
What does GQG Partners own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 50.1M | $8.28B | 13.1% | -9.1% |
| ENB ENBRIDGE INC | Energy | 76.4M | $4.13B | 6.5% | -4.9% |
| CB CHUBB LTD | Financials | 12.4M | $4.05B | 6.4% | -0.5% |
| T AT&T INC | Communications | 81.4M | $2.36B | 3.7% | -5.4% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 45.7M | $2.29B | 3.6% | +4.2% |
| CVX CHEVRON CORP | Energy | 10.3M | $2.12B | 3.4% | +631.0% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 15.0M | $1.97B | 3.1% | -11.1% |
| PGR PROGRESSIVE CORP | Financials | 9.1M | $1.81B | 2.9% | -12.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 7.3M | $1.79B | 2.8% | -5.6% |
| KO COCA-COLA CO/THE | Consumer staples | 21.1M | $1.61B | 2.5% | -19.5% |
| CI THE CIGNA GROUP | Financials | 6.0M | $1.60B | 2.5% | -22.7% |
| MO ALTRIA GROUP INC | Consumer staples | 23.8M | $1.57B | 2.5% | -4.9% |
| ALL ALLSTATE CORP | Financials | 5.8M | $1.19B | 1.9% | +5.0% |
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 18.3M | $1.19B | 1.9% | New |
| SU SUNCOR ENERGY INC | Energy | 17.2M | $1.14B | 1.8% | New |
| XOM EXXON MOBIL CORP | Energy | 6.7M | $1.13B | 1.8% | -23.5% |
| EXC EXELON CORP | Utilities | 22.3M | $1.09B | 1.7% | -10.8% |
| TRP TC ENERGY CORP | Utilities | 16.9M | $1.06B | 1.7% | +4.9% |
| DUK DUKE ENERGY CORP | Utilities | 7.8M | $1.02B | 1.6% | -18.2% |
| KR KROGER CO | Consumer discretionary | 12.7M | $921.7M | 1.5% | -4.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.9M | $908.9M | 1.4% | -5.1% |
| XEL XCEL ENERGY INC | Utilities | 11.2M | $889.2M | 1.4% | -9.3% |
| AWK AMERICAN WATER WORKS CO INC | Utilities | 6.4M | $875.2M | 1.4% | -1.0% |
| NEE NEXTERA ENERGY INC | Utilities | 9.3M | $860.0M | 1.4% | -6.1% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 17.6M | $853.7M | 1.4% | New |
| DVN DEVON ENERGY CORP | Energy | 16.2M | $813.7M | 1.3% | New |
| AIG AMERICAN INTERNATIONAL GROUP | Financials | 10.6M | $796.7M | 1.3% | -31.7% |
| CME CME GROUP INC | Financials | 2.6M | $775.5M | 1.2% | -37.6% |
| CVE CENOVUS ENERGY INC | Energy | 26.8M | $708.3M | 1.1% | New |
| CMS CMS ENERGY CORP | Utilities | 4.4M | $342.3M | 0.5% | -2.4% |
| FNV FRANCO-NEVADA CORP | Materials | 1.2M | $288.0M | 0.5% | -33.2% |
| CINF CINCINNATI FINANCIAL CORP | Financials | 1.5M | $238.9M | 0.4% | -10.3% |
| CNP CENTERPOINT ENERGY INC | Utilities | 4.7M | $204.6M | 0.3% | -16.5% |
| PEP PEPSICO INC | Consumer staples | 1.1M | $164.8M | 0.3% | New |
| ATO ATMOS ENERGY CORP | Utilities | 887.2K | $163.9M | 0.3% | +26.1% |
| ACGL ARCH CAPITAL GROUP LTD | Financials | 1.6M | $158.0M | 0.3% | -2.8% |
| RNR RENAISSANCERE HOLDINGS LTD | Financials | 502.3K | $149.3M | 0.2% | +29.8% |
| ORI OLD REPUBLIC INTL CORP | Financials | 3.5M | $140.9M | 0.2% | +3.4% |
| BAP CREDICORP LTD | Financials | 73.0K | $24.8M | 0.0% | -92.3% |
| TTE TOTALENERGIES SE | Energy | 242.8K | $22.4M | 0.0% | +6.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 96.5K | $13.9M | 0.0% | -97.0% |
| PPL PPL CORP | Utilities | 346.0K | $13.2M | 0.0% | -92.5% |
| AZN ASTRAZENECA PLC | Healthcare | 45.5K | $8.9M | 0.0% | New |
| VLO VALERO ENERGY CORP | Energy | 33.9K | $8.4M | 0.0% | +0.1% |
| MRK MERCK & CO. INC. | Healthcare | 53.0K | $6.4M | 0.0% | -0.9% |
| SO SOUTHERN CO/THE | Utilities | 53.7K | $5.2M | 0.0% | -0.3% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 46.4K | $2.8M | 0.0% | New |
| PFE PFIZER INC | Healthcare | 96.5K | $2.7M | 0.0% | 0.0% |
| CVS CVS HEALTH CORP | Healthcare | 31.5K | $2.3M | 0.0% | 0.0% |
| APP APPLOVIN CORP-CLASS A | Technology | 1.9K | $743K | 0.0% | -14.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 86 | $63.09B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 90 | $60.72B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 95 | $65.09B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 95 | $70.28B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 88 | $62.77B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 94 | $67.38B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 80 | $63.81B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 82 | $65.96B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 87 | $62.17B | canonical | SEC ↗ |
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