Brandes Investment Partners
Charles BrandesLA JOLLA, CAfiles as BRANDES INVESTMENT PARTNERS, LP
$14.3bn in 193 US stocks at the end of 30 June 2026. The top 10 are 21.0% of the money. It changed about 14.1% of the portfolio this quarter.
Value
$14.3bn
Stocks
193
Top 10 share
21.0%
Turnover
14.1%
What changed this quarter
New
Bought for the first time this quarter.
- ZoetisZTS1.0% of the fund
- Capital One FinancialCOF0.4% of the fund
- Vanguard Tax-Managed FDSVEA0.3% of the fund
- Ishares TRACWI0.1% of the fund
- Ishares TRIUSV0.1% of the fund
- Fortune Brands InnovationsFBIN<0.1% of the fund
- Brown & BrownBRO<0.1% of the fund
- Vanguard Intl Equity Index FVWO<0.1% of the fund
- Cooper CompaniesCOO<0.1% of the fund
- Zebra TechnologiesZBRA<0.1% of the fund
- Ishares TREFA<0.1% of the fund
- MattelMAT<0.1% of the fund
- Ishares TRIWB<0.1% of the fund
- FedEx Freight Holding CompanyFDXF<0.1% of the fund
- Vanguard Intl Equity Index FVEU<0.1% of the fund
- Ishares TREEM<0.1% of the fund
- ENI SPAE<0.1% of the fund
- UWM HoldingsUWMC0.0% of the fund
Added
Bought more of a stock they already held.
- CAECAE3.2% of the fund+16%
- EmbraerEMBJ2.7% of the fund+6%
- Mohawk IndustriesMHK2.4% of the fund+7%
- Open TextOTEX2.0% of the fund+8%
- Grifols S AGRFS1.9% of the fund+4%
- NiceNICE1.8% of the fund+28%
- Becton DickinsonBDX1.8% of the fund+10%
- CNH IndustrialCNH1.7% of the fund+704%
- Edgewell Personal CareEPC1.3% of the fund+5%
- Arthur J. GallagherAJG1.3% of the fund+16%
- EquifaxEFX1.3% of the fund+54%
- Sanofi SASNY1.2% of the fund+11%
- Arlo TechnologiesARLO1.0% of the fund+5%
- World KinectWKC1.0% of the fund+3%
- Campbell'sCPB1.0% of the fund+3689%
- Copa HoldingsCPA0.8% of the fund+5%
- Cemex SAB de CVCX0.8% of the fund+9%
- IngredionINGR0.8% of the fund+117%
- GlobantGLOB0.8% of the fund+17%
- National GridNGG0.8% of the fund+3%
- Papa Johns InternationalPZZA0.7% of the fund+4%
- Prestige Consumer HealthcarePBH0.7% of the fund+140%
- SAP SESAP0.7% of the fund+32%
- Alibaba Group HldgBABA0.6% of the fund+44%
- JBSJBS0.6% of the fund+158%
Cut
Sold some of their stake.
- Millicom International Cellular SATIGO1.8% of the fund-16%
- MerckMRK1.7% of the fund-17%
- CitigroupC1.6% of the fund-32%
- Cigna GroupCI1.6% of the fund-16%
- TextronTXT1.6% of the fund-11%
- Bank of AmericaBAC1.5% of the fund-17%
- HexcelHXL1.5% of the fund-4%
- IconICLR1.4% of the fund-17%
- Wells Fargo & CompanyWFC1.3% of the fund-17%
- PfizerPFE1.3% of the fund-16%
- UnitedHealth GroupUNH1.2% of the fund-32%
- FedExFDX1.2% of the fund-20%
- CVS HealthCVS1.2% of the fund-15%
- ProgressivePGR1.2% of the fund-9%
- HalliburtonHAL1.2% of the fund-21%
- PNC Financial Services GroupPNC1.2% of the fund-17%
- ShellSHEL1.2% of the fund-23%
- Arch Capital GroupACGL1.0% of the fund-14%
- Innovex InternationalINVX1.0% of the fund-13%
- ComcastCMCSA1.0% of the fund-12%
- GrahamGHM0.9% of the fund-8%
- HCA HealthcareHCA0.9% of the fund-9%
- Emerson ElectricEMR0.8% of the fund-15%
- WestlakeWLK0.8% of the fund-15%
- MckessonMCK0.7% of the fund-19%
Sold out
Sold their entire stake.
- NutrienNTR-100%
- WatersWAT-100%
- Movado GroupMOV-100%
- National BanksharesNKSH-100%
- National Presto IndustriesNPK-100%
- Heartland ExpressHTLD-100%
- ZTO Express CaymanZTO-100%
- Eagle Bancorp MontanaEBMT-100%
- Sealed Air Corp New-100%
- Vanguard Index FDSVTV-100%
- Natwest GroupNWG-100%
Holdings
- CAECAE
- Share
- 3.2%
- Value
- $461m
- Shares
- 18,397,515
+16%
- Grifols S AGRFS
- Share
- 1.9%
- Value
- $268m
- Shares
- 37,816,285
+4%
- NiceNICE
- Share
- 1.8%
- Value
- $260m
- Shares
- 2,861,960
+28%
- Sanofi SASNY
- Share
- 1.2%
- Value
- $176m
- Shares
- 4,136,417
+11%
- ShellSHEL
- Share
- 1.2%
- Value
- $165m
- Shares
- 2,127,279
-23%
- National GridNGG
- Share
- 0.8%
- Value
- $112m
- Shares
- 1,345,982
+3%
- Alibaba Group HldgBABA
- Share
- 0.6%
- Value
- $92m
- Shares
- 962,215
+44%
- America Movil SAB de CVAMX
- Share
- 0.6%
- Value
- $80m
- Shares
- 3,093,426
+3%
- GSKGSK
- Share
- 0.5%
- Value
- $78m
- Shares
- 1,483,198
+2%
- Takeda PharmaceuticalTAK
- Share
- 0.5%
- Value
- $73m
- Shares
- 4,539,347
+2%
- Ambev SAABEV
- Share
- 0.5%
- Value
- $64m
- Shares
- 20,526,907
-11%
- Telefonica Brasil SAVIV
- Share
- 0.4%
- Value
- $52m
- Shares
- 3,963,967
+62%
- Netease.comNTES
- Share
- 0.3%
- Value
- $49m
- Shares
- 378,489
+246%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| CAECAE | 3.2% | $461m | 18,397,515 | +16% |
| EmbraerEMBJ | 2.7% | $385m | 6,036,219 | +6% |
| Mohawk IndustriesMHK | 2.4% | $339m | 2,797,526 | +7% |
| Open TextOTEX | 2.0% | $289m | 13,061,929 | +8% |
| Grifols S AGRFS | 1.9% | $268m | 37,816,285 | +4% |
| NiceNICE | 1.8% | $260m | 2,861,960 | +28% |
| Becton DickinsonBDX | 1.8% | $253m | 1,671,540 | +10% |
| Millicom International Cellular SATIGO | 1.8% | $250m | 2,754,039 | -16% |
| CNH IndustrialCNH | 1.7% | $246m | 21,878,681 | +704% |
| MerckMRK | 1.7% | $246m | 1,910,947 | -17% |
| CitigroupC | 1.6% | $234m | 1,670,362 | -32% |
| Cigna GroupCI | 1.6% | $232m | 843,317 | -16% |
| AmdocsDOX | 1.6% | $232m | 4,581,633 | Held |
| TextronTXT | 1.6% | $231m | 2,521,792 | -11% |
| Bank of AmericaBAC | 1.5% | $217m | 3,803,522 | -17% |
| HexcelHXL | 1.5% | $214m | 2,134,549 | -4% |
| IconICLR | 1.4% | $206m | 1,185,774 | -17% |
| Edgewell Personal CareEPC | 1.3% | $190m | 7,059,831 | +5% |
| Wells Fargo & CompanyWFC | 1.3% | $189m | 2,290,534 | -17% |
| Arthur J. GallagherAJG | 1.3% | $187m | 813,014 | +16% |
| PfizerPFE | 1.3% | $184m | 7,634,806 | -16% |
| EquifaxEFX | 1.3% | $183m | 1,152,350 | +54% |
| Sanofi SASNY | 1.2% | $176m | 4,136,417 | +11% |
| UnitedHealth GroupUNH | 1.2% | $176m | 424,159 | -32% |
| FedExFDX | 1.2% | $176m | 561,978 | -20% |
| CVS HealthCVS | 1.2% | $173m | 1,674,319 | -15% |
| ProgressivePGR | 1.2% | $172m | 789,561 | -9% |
| HalliburtonHAL | 1.2% | $169m | 4,979,851 | -21% |
| PNC Financial Services GroupPNC | 1.2% | $167m | 677,618 | -17% |
| ShellSHEL | 1.2% | $165m | 2,127,279 | -23% |
| Arch Capital GroupACGL | 1.0% | $147m | 1,518,218 | -14% |
| Arlo TechnologiesARLO | 1.0% | $145m | 10,753,652 | +5% |
| World KinectWKC | 1.0% | $145m | 4,399,303 | +3% |
| Innovex InternationalINVX | 1.0% | $142m | 5,727,445 | -13% |
| Campbell'sCPB | 1.0% | $141m | 6,334,950 | +3689% |
| ZoetisZTS | 1.0% | $139m | 1,930,651 | New |
| ComcastCMCSA | 1.0% | $138m | 5,626,422 | -12% |
| GrahamGHM | 0.9% | $134m | 1,079,699 | -8% |
| HCA HealthcareHCA | 0.9% | $121m | 311,035 | -9% |
| Copa HoldingsCPA | 0.8% | $120m | 769,630 | +5% |
| Cemex SAB de CVCX | 0.8% | $119m | 9,957,989 | +9% |
| Emerson ElectricEMR | 0.8% | $116m | 813,136 | -15% |
| IngredionINGR | 0.8% | $116m | 1,227,467 | +117% |
| GlobantGLOB | 0.8% | $116m | 4,000,333 | +17% |
| WestlakeWLK | 0.8% | $115m | 1,572,939 | -15% |
| Ingles MarketsIMKTA | 0.8% | $112m | 1,260,027 | Held |
| National GridNGG | 0.8% | $112m | 1,345,982 | +3% |
| MckessonMCK | 0.7% | $106m | 140,534 | -19% |
| AlphabetGOOG | 0.7% | $105m | 296,414 | Held |
| Papa Johns InternationalPZZA | 0.7% | $100m | 2,730,683 | +4% |
| Knight-Swift Transportation HoldingsKNX | 0.7% | $99m | 1,276,459 | -14% |
| Cognizant Technology SolutionsCTSH | 0.7% | $99m | 2,553,185 | -16% |
| Prestige Consumer HealthcarePBH | 0.7% | $97m | 2,051,060 | +140% |
| Park AerospacePKE | 0.7% | $97m | 2,540,044 | -9% |
| SLB LimitedSLB | 0.7% | $96m | 2,060,834 | Held |
| SAP SESAP | 0.7% | $95m | 614,006 | +32% |
| EPAM SystemsEPAM | 0.7% | $93m | 1,173,823 | -11% |
| Alibaba Group HldgBABA | 0.6% | $92m | 962,215 | +44% |
| JBSJBS | 0.6% | $91m | 7,693,893 | +158% |
| Scotts Miracle-GroSMG | 0.6% | $91m | 1,335,820 | +65% |
| SS&C Technologies HoldingsSSNC | 0.6% | $91m | 1,464,214 | +21% |
| International Flavors & FragrancesIFF | 0.6% | $89m | 1,128,458 | +2% |
| Arrow ElectronicsARW | 0.6% | $87m | 408,610 | -5% |
| SyscoSYY | 0.6% | $87m | 1,038,308 | +15% |
| Molson Coors BeverageTAP | 0.6% | $86m | 2,212,781 | +35% |
| AlphabetGOOGL | 0.6% | $85m | 237,789 | -33% |
| Omnicom GroupOMC | 0.6% | $85m | 1,163,286 | Held |
| Orion Group HoldingsORN | 0.6% | $83m | 4,914,450 | -5% |
| Taiwan Semiconductor ManufacturingTSM | 0.6% | $82m | 171,703 | -10% |
| ChevronCVX | 0.6% | $81m | 488,526 | Held |
| Willis Towers WatsonWTW | 0.6% | $80m | 307,861 | +3% |
| America Movil SAB de CVAMX | 0.6% | $80m | 3,093,426 | +3% |
| FiservFISV | 0.6% | $79m | 1,616,446 | -16% |
| GSKGSK | 0.5% | $78m | 1,483,198 | +2% |
| EvergyEVRG | 0.5% | $77m | 890,004 | -25% |
| CortevaCTVA | 0.5% | $77m | 904,680 | Held |
| AutozoneAZO | 0.5% | $75m | 23,388 | +55% |
| TargetTGT | 0.5% | $75m | 572,399 | Held |
| Elanco Animal HealthELAN | 0.5% | $73m | 2,972,036 | +7% |
| Takeda PharmaceuticalTAK | 0.5% | $73m | 4,539,347 | +2% |
| Joint Stock Co Kaspi.kzKSPI | 0.5% | $72m | 833,669 | +12% |
| Johnson & JohnsonJNJ | 0.5% | $70m | 276,623 | Held |
| Labcorp HoldingsLH | 0.5% | $70m | 249,524 | Held |
| KenvueKVUE | 0.5% | $69m | 3,630,495 | +4% |
| UBS Group AGUBS | 0.5% | $69m | 1,398,641 | +2% |
| Foster L BFSTR | 0.5% | $65m | 1,430,840 | -3% |
| Ambev SAABEV | 0.5% | $64m | 20,526,907 | -11% |
| KennametalKMT | 0.4% | $63m | 1,785,604 | -66% |
| Smith & NephewSNN | 0.4% | $62m | 2,148,731 | +60% |
| Cardinal HealthCAH | 0.4% | $62m | 259,832 | Held |
| LKQLKQ | 0.4% | $61m | 2,303,156 | +41% |
| Koninklijke Philips NVPHG | 0.4% | $60m | 2,210,252 | +11% |
| Capital One FinancialCOF | 0.4% | $57m | 285,259 | New |
| Allison Transmission HoldingsALSN | 0.4% | $57m | 506,716 | Held |
| DiageoDEO | 0.4% | $55m | 680,973 | +36% |
| Telefonica Brasil SAVIV | 0.4% | $52m | 3,963,967 | +62% |
| State StreetSTT | 0.4% | $51m | 301,263 | -20% |
| Netease.comNTES | 0.3% | $49m | 378,489 | +246% |
| JPMorgan ChaseJPM | 0.3% | $48m | 147,529 | Held |
| MoogMOG-A | 0.3% | $48m | 113,210 | -61% |
Showing the largest 100 of 193.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 28.9% since 30 June 2025.
Where the money is
Industrials19.1%
Health care17.3%
Technology14.3%
Financial services12.7%
Everyday goods6.4%
Materials5.2%
Media & telecom4.7%
Retail & consumer4.5%
Energy2.6%
Utilities0.8%
Other12.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.