Sanders Capital, LLC
Long book
$83.93B
Q1 2026
Positions
44
Top-10 weight
61%
concentration
Last quarter
+14.1%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsSanders Capital, LLC is a concentrated fundamental stock-picker, running a $83.93B US long book across 44 positions.
The portfolio is concentrated: the top 10 names carry 61% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: TAIWAN SEMICONDUCTOR-SP ADR, ALPHABET INC-CL C, AMAZON.COM INC, META PLATFORMS INC-CLASS A, SEAGATE TECHNOLOGY HOLDINGS.
Over the last 9 quarters its long book ran on average 0.5pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+6.3%
Q2 2024
+5.9%
Q3 2024
-0.3%
Q4 2024
-3.4%
Q1 2025
+11.1%
Q2 2025
+10.9%
Q3 2025
+6.0%
Q4 2025
-6.0%
Q1 2026
+14.1%
Sector allocation
Technology 40%
Financials 15%
Consumer discretionary 10%
Industrials 10%
Other 9%
Healthcare 8%
Services media 7%
Consumer staples 0%
Long book by quarter
What does Sanders Capital, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOG ALPHABET INC-CL C | Technology | 28.7M | $8.24B | 9.8% | -10.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 29.8M | $6.21B | 7.4% | +100.1% |
| META META PLATFORMS INC-CLASS A | Technology | 10.6M | $6.04B | 7.2% | +5.2% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 12.9M | $5.05B | 6.0% | -24.9% |
| MSFT MICROSOFT CORP | Technology | 12.4M | $4.59B | 5.5% | +2.0% |
| HCA HCA HEALTHCARE INC | Healthcare | 9.0M | $4.24B | 5.1% | -14.4% |
| AAPL APPLE INC | Technology | 10.9M | $2.76B | 3.3% | -0.4% |
| CI THE CIGNA GROUP | Financials | 10.3M | $2.74B | 3.3% | +31.9% |
| ACN ACCENTURE PLC-CL A | Services media | 11.2M | $2.22B | 2.6% | +2.1% |
| BAC BANK OF AMERICA CORP | Financials | 45.2M | $2.20B | 2.6% | -0.2% |
| AMAT APPLIED MATERIALS INC | Technology | 6.2M | $2.11B | 2.5% | -30.1% |
| DAL DELTA AIR LINES INC | Industrials | 29.5M | $1.96B | 2.3% | -0.4% |
| RTX RTX CORP | Industrials | 9.4M | $1.81B | 2.2% | +0.1% |
| CRM SALESFORCE INC | Technology | 9.5M | $1.78B | 2.1% | +10.6% |
| ELV ELEVANCE HEALTH INC | Financials | 5.9M | $1.73B | 2.1% | +2.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 6.0M | $1.61B | 1.9% | -0.5% |
| V VISA INC-CLASS A SHARES | Services media | 4.9M | $1.47B | 1.8% | +46.6% |
| UAL UNITED AIRLINES HOLDINGS INC | Industrials | 15.2M | $1.40B | 1.7% | +0.1% |
| AZN ASTRAZENECA PLC | Healthcare | 7.1M | $1.39B | 1.7% | New |
| NOC NORTHROP GRUMMAN CORP | Technology | 1.9M | $1.27B | 1.5% | -1.9% |
| NVDA NVIDIA CORP | Technology | 7.1M | $1.24B | 1.5% | New |
| GD GENERAL DYNAMICS CORP | Industrials | 3.6M | $1.24B | 1.5% | -1.6% |
| CME CME GROUP INC | Financials | 4.2M | $1.23B | 1.5% | -0.4% |
| MA MASTERCARD INC - A | Services media | 2.4M | $1.18B | 1.4% | +52.4% |
| JPM JPMORGAN CHASE & CO | Financials | 3.9M | $1.15B | 1.4% | -9.5% |
| ULTA ULTA BEAUTY INC | Consumer discretionary | 1.9M | $997.4M | 1.2% | +51.0% |
| PG PROCTER & GAMBLE CO/THE | Other | 6.8M | $975.2M | 1.2% | -0.4% |
| LMT LOCKHEED MARTIN CORP | Industrials | 1.1M | $689.6M | 0.8% | -0.2% |
| PEP PEPSICO INC | Consumer staples | 1.8M | $275.4M | 0.3% | -58.2% |
| ABT ABBOTT LABORATORIES | Healthcare | 1.1M | $115.1M | 0.1% | -2.6% |
| ABBV ABBVIE INC | Healthcare | 516.6K | $112.4M | 0.1% | -2.9% |
| TFC TRUIST FINANCIAL CORP | Financials | 2.0M | $93.7M | 0.1% | -3.1% |
| BKNG BOOKING HOLDINGS INC | Industrials | 299.5K | $50.4M | 0.1% | +0.7% |
| SYF SYNCHRONY FINANCIAL | Financials | 18.9K | $1.3M | 0.0% | -4.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 44 | $83.93B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 44 | $86.82B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 47 | $81.29B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 47 | $74.49B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 47 | $66.91B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 46 | $68.39B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 45 | $69.03B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 45 | $65.28B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 42 | $59.90B | canonical | SEC ↗ |
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