Institutional Manager · CIK 0001015079
BRANDES INVESTMENT PARTNERS, LP
LA JOLLA, CA · File #028-05620
Latest AUM
$13.14B
Positions
473
Top-10 Concentration
34.1%
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 | WELLS FARGO CO NEW | 949746101 | -1,944,875 | -$181.3M | +$19.7M |
| REDUCE | CEMEX SAB DE CV | CXMSF | -10,924,090 | -$125.5M | +$58.3M |
| EXITED | HANESBRANDS INC | 410345102 | -15,497,952 | -$102.1M | $0 |
| NEW | PROGRESSIVE CORP | 743315103 | +425,427 | +$96.9M | $0 |
| REDUCE | AMERICAN INTL GROUP INC | 026874784 | -1,047,764 | -$89.6M | +$7.4M |
| ADD | UNITEDHEALTH GROUP INC | UNH | +269,825 | +$89.1M | -$311,310 |
| REDUCE | AVADEL PHARMACEUTICALS PLC | G29687103 | -3,929,902 | -$84.7M | +$26.1M |
| NEW | GILDAN ACTIVEWEAR INC | GIL | +1,303,012 | +$81.4M | $0 |
| NEW | NICE LTD | NCSYF | +670,595 | +$75.8M | $0 |
| NEW | NATIONAL GRID PLC | NMPWP | +744,724 | +$57.6M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025473 pos · $13.14B
- 13F HOLDINGS REPORTQ/E Sep 2025460 pos · $12.47B
- 13F HOLDINGS REPORTQ/E Jun 2025454 pos · $11.06B
- 13F HOLDINGS REPORTQ/E Mar 2025452 pos · $9.83B
- 13F HOLDINGS REPORTQ/E Dec 2024455 pos · $8.95B
- 13F HOLDINGS REPORTQ/E Sep 2024448 pos · $8.89B
- 13F HOLDINGS REPORTQ/E Jun 2024369 pos · $8.12B
- 13F HOLDINGS REPORTQ/E Mar 2024364 pos · $7.77B
- 13F HOLDINGS REPORTQ/E Dec 2023329 pos · $5.1M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | CAE INC | CAE | 13,782,963 | $419.3M | 5.92% |
| 2 | EMBRAER S.A. | EMBJ | 4,554,231 | $293.2M | 4.14% |
| 3 | OPEN TEXT CORP | OTEX | 8,217,611 | $267.7M | 3.78% |
| 4 | GRIFOLS S A | GIKLY | 27,108,731 | $253.5M | 3.58% |
| 5 | KENNAMETAL INC | KMT | 8,437,437 | $239.7M | 3.39% |
| 6 | MILLICOM INTL CELLULAR S A | L6388F110 | 3,541,631 | $196.3M | 2.77% |
| 7 | CITIGROUP INC | C-PR | 1,679,516 | $196.0M | 2.77% |
| 8 | THE CIGNA GROUP | 125523100 | 688,471 | $189.5M | 2.68% |
| 9 | MERCK & CO INC | MRK | 1,702,680 | $179.2M | 2.53% |
| 10 | WELLS FARGO CO NEW | 949746101 | 1,896,567 | $176.8M | 2.50% |
| 11 | BANK AMERICA CORP | 060505104 | 3,126,932 | $172.0M | 2.43% |
| 12 | SHELL PLC | RYDAF | 2,326,807 | $171.0M | 2.42% |
| 13 | BECTON DICKINSON & CO | BDX | 861,618 | $167.2M | 2.36% |
| 14 | TEXTRON INC | TXT | 1,871,698 | $163.2M | 2.31% |
| 15 | AMDOCS LTD | DOX | 1,934,803 | $155.8M | 2.20% |
| 16 | HALLIBURTON CO | HAL | 5,389,642 | $152.3M | 2.15% |
| 17 | PFIZER INC | PFE | 6,084,573 | $151.5M | 2.14% |
| 18 | FEDEX CORP | FDX | 510,262 | $147.4M | 2.08% |
| 19 | EPAM SYS INC | EPAM | 717,478 | $147.0M | 2.08% |
| 20 | CEMEX SAB DE CV | CXMSF | 12,386,668 | $142.3M | 2.01% |