Institutional Manager · CIK 0000829108
Brandywine Global Investment Management, LLC
Philadelphia, PA · File #028-02204
Latest AUM
$14.91B
Positions
601
Top-10 Concentration
39.1%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | GENERAL MTRS CO | 37045V100 | -1,481,772 | -$120.5M | +$58.9M |
| EXITED | ABBVIE INC | 00287Y109 | -496,675 | -$115.0M | $0 |
| REDUCE | CISCO SYS INC | CSCO | -1,390,709 | -$107.1M | +$19.0M |
| EXITED | DEERE & CO | 244199105 | -216,680 | -$99.1M | $0 |
| REDUCE | MICRON TECHNOLOGY INC | MU | -318,439 | -$90.9M | +$37.8M |
| ADD | MERCK & CO INC | MRK | +818,978 | +$86.2M | +$1.9M |
| ADD | GOLDMAN SACHS GROUP INC | GSCE | +84,744 | +$74.5M | +$14.3M |
| ADD | FEDEX CORP | FDX | +225,856 | +$65.2M | +$17.4M |
| ADD | PEPSICO INC | PEP | +414,393 | +$59.5M | +$3.0M |
| NEW | SMURFIT WESTROCK PLC | SW | +1,404,000 | +$53.7M | $0 |
Sector Allocation
Filing History
- 13F COMBINATION REPORTQ/E Dec 2025601 pos · $14.91B
- 13F COMBINATION REPORTQ/E Sep 2025598 pos · $14.58B
- 13F COMBINATION REPORTQ/E Jun 2025572 pos · $14.20B
- 13F COMBINATION REPORTQ/E Mar 2025558 pos · $13.87B
- 13F COMBINATION REPORTQ/E Dec 2024557 pos · $13.77B
- 13F COMBINATION REPORTQ/E Sep 2024669 pos · $15.00B
- 13F COMBINATION REPORTQ/E Jun 2024686 pos · $13.38B
- 13F COMBINATION REPORTQ/E Mar 2024696 pos · $13.85B
- 13F COMBINATION REPORTQ/E Dec 2023686 pos · $11.42B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | JPMORGAN CHASE & CO. | VYLD | 1,374,890 | $443.0M | 5.74% |
| 2 | JOHNSON & JOHNSON | JNJ | 1,951,088 | $403.8M | 5.23% |
| 3 | BANK AMERICA CORP | 060505104 | 5,972,520 | $328.5M | 4.25% |
| 4 | WELLS FARGO CO NEW | 949746101 | 3,422,909 | $319.0M | 4.13% |
| 5 | CITIGROUP INC | C-PR | 2,696,496 | $314.7M | 4.07% |
| 6 | AT&T INC | T-PC | 12,229,088 | $303.8M | 3.93% |
| 7 | EXXON MOBIL CORP | XOM | 2,009,194 | $241.8M | 3.13% |
| 8 | GOLDMAN SACHS GROUP INC | GSCE | 257,578 | $226.4M | 2.93% |
| 9 | ALPHABET INC | GOOG | 704,629 | $220.5M | 2.86% |
| 10 | CVS HEALTH CORP | CVS | 2,723,074 | $216.1M | 2.80% |
| 11 | KROGER CO | KR | 3,357,243 | $209.8M | 2.72% |
| 12 | COMCAST CORP NEW | CCZ | 6,975,368 | $208.5M | 2.70% |
| 13 | PEPSICO INC | PEP | 1,391,861 | $199.8M | 2.59% |
| 14 | DISNEY WALT CO | 254687106 | 1,717,034 | $195.3M | 2.53% |
| 15 | VERIZON COMMUNICATIONS INC | VZ | 4,309,428 | $175.5M | 2.27% |
| 16 | DOLLAR GEN CORP NEW | 256677105 | 1,254,014 | $166.5M | 2.16% |
| 17 | FEDEX CORP | FDX | 553,129 | $159.8M | 2.07% |
| 18 | MORGAN STANLEY | MS-PQ | 877,171 | $155.7M | 2.02% |
| 19 | MEDTRONIC PLC | MDT | 1,584,743 | $152.2M | 1.97% |
| 20 | GLOBAL PMTS INC | 37940X102 | 1,888,747 | $146.2M | 1.89% |