# BRANDES INVESTMENT PARTNERS, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1015079. Source: https://holderbook.com/funds/1015079-brandes-investment-partners-lp/

- Reported value: $14.3B
- Positions: 193
- Weight of the ten largest: 21.0%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CAE INC | [CAE](https://holderbook.com/stocks/CAE/) | $461.0M | 18,397,515 | 3.2% | 17 |
| EMBRAER S.A. | [EMBJ](https://holderbook.com/stocks/EMBJ/) | $385.1M | 6,036,219 | 2.7% | 31 |
| MOHAWK INDS INC | [MHK](https://holderbook.com/stocks/MHK/) | $339.4M | 2,797,526 | 2.4% | 31 |
| OPEN TEXT CORP | [OTEX](https://holderbook.com/stocks/OTEX/) | $289.3M | 13,061,929 | 2.0% | 20 |
| GRIFOLS S A | [GRFS](https://holderbook.com/stocks/GRFS/) | $267.7M | 37,816,285 | 1.9% | 23 |
| NICE LTD | [NICE](https://holderbook.com/stocks/NICE/) | $260.0M | 2,861,960 | 1.8% | 3 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $253.0M | 1,671,540 | 1.8% | 5 |
| MILLICOM INTL CELLULAR S A | [TIGO](https://holderbook.com/stocks/TIGO/) | $250.0M | 2,754,039 | 1.8% | 17 |
| CNH INDL N V | [CNH](https://holderbook.com/stocks/CNH/) | $245.7M | 21,878,681 | 1.7% | 9 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $245.6M | 1,910,947 | 1.7% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $233.8M | 1,670,362 | 1.6% | 31 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $232.5M | 843,317 | 1.6% | 31 |
| AMDOCS LTD | [DOX](https://holderbook.com/stocks/DOX/) | $231.6M | 4,581,633 | 1.6% | 31 |
| TEXTRON INC | [TXT](https://holderbook.com/stocks/TXT/) | $231.3M | 2,521,792 | 1.6% | 26 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $216.7M | 3,803,522 | 1.5% | 31 |
| HEXCEL CORP NEW | [HXL](https://holderbook.com/stocks/HXL/) | $213.6M | 2,134,549 | 1.5% | 8 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $206.0M | 1,185,774 | 1.4% | 5 |
| EDGEWELL PERSONAL CARE CO | [EPC](https://holderbook.com/stocks/EPC/) | $189.6M | 7,059,831 | 1.3% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $189.3M | 2,290,534 | 1.3% | 31 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $186.6M | 813,014 | 1.3% | 2 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $183.8M | 7,634,806 | 1.3% | 31 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $182.9M | 1,152,350 | 1.3% | 2 |
| SANOFI SA | [SNY](https://holderbook.com/stocks/SNY/) | $176.5M | 4,136,417 | 1.2% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $176.3M | 424,159 | 1.2% | 6 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $176.0M | 561,978 | 1.2% | 30 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $173.2M | 1,674,319 | 1.2% | 31 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $172.5M | 789,561 | 1.2% | 3 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $169.1M | 4,979,851 | 1.2% | 30 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $166.8M | 677,618 | 1.2% | 31 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $165.0M | 2,127,279 | 1.2% | 18 |
| ARCH CAP GROUP LTD | [ACGL](https://holderbook.com/stocks/ACGL/) | $147.4M | 1,518,218 | 1.0% | 9 |
| ARLO TECHNOLOGIES INC | [ARLO](https://holderbook.com/stocks/ARLO/) | $145.0M | 10,753,652 | 1.0% | 30 |
| WORLD KINECT CORPORATION | [WKC](https://holderbook.com/stocks/WKC/) | $144.9M | 4,399,303 | 1.0% | 31 |
| INNOVEX INTERNATIONAL INC | [INVX](https://holderbook.com/stocks/INVX/) | $142.0M | 5,727,445 | 1.0% | 8 |
| THE CAMPBELLS COMPANY | [CPB](https://holderbook.com/stocks/CPB/) | $141.1M | 6,334,950 | 1.0% | 11 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $138.7M | 1,930,651 | 1.0% | 1 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $138.1M | 5,626,422 | 1.0% | 31 |
| GRAHAM CORP | [GHM](https://holderbook.com/stocks/GHM/) | $133.7M | 1,079,699 | 0.9% | 26 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $121.3M | 311,035 | 0.9% | 31 |
| COPA HOLDINGS SA | [CPA](https://holderbook.com/stocks/CPA/) | $119.7M | 769,630 | 0.8% | 31 |
| CEMEX SA EURO MTN BE 144A | [CX](https://holderbook.com/stocks/CX/) | $119.5M | 9,957,989 | 0.8% | 31 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $116.4M | 813,136 | 0.8% | 31 |
| INGREDION INC | [INGR](https://holderbook.com/stocks/INGR/) | $116.3M | 1,227,467 | 0.8% | 27 |
| GLOBANT S A | [GLOB](https://holderbook.com/stocks/GLOB/) | $115.8M | 4,000,333 | 0.8% | 4 |
| WESTLAKE CORPORATION | [WLK](https://holderbook.com/stocks/WLK/) | $114.8M | 1,572,939 | 0.8% | 6 |
| INGLES MKTS INC | [IMKTA](https://holderbook.com/stocks/IMKTA/) | $111.6M | 1,260,027 | 0.8% | 14 |
| NATIONAL GRID PLC | [NGG](https://holderbook.com/stocks/NGG/) | $111.5M | 1,345,982 | 0.8% | 3 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $106.2M | 140,534 | 0.7% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $104.7M | 296,414 | 0.7% | 31 |
| PAPA JOHNS INTL INC | [PZZA](https://holderbook.com/stocks/PZZA/) | $100.4M | 2,730,683 | 0.7% | 6 |
| KNIGHT-SWIFT TRANSN HLDGS IN | [KNX](https://holderbook.com/stocks/KNX/) | $99.4M | 1,276,459 | 0.7% | 9 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $98.9M | 2,553,185 | 0.7% | 31 |
| PRESTIGE CONSMR HEALTHCARE I | [PBH](https://holderbook.com/stocks/PBH/) | $97.0M | 2,051,060 | 0.7% | 24 |
| PARK AEROSPACE CORP | [PKE](https://holderbook.com/stocks/PKE/) | $96.9M | 2,540,044 | 0.7% | 24 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $95.8M | 2,060,834 | 0.7% | 8 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $94.6M | 614,006 | 0.7% | 17 |
| EPAM SYS INC | [EPAM](https://holderbook.com/stocks/EPAM/) | $93.1M | 1,173,823 | 0.7% | 5 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $92.4M | 962,215 | 0.6% | 27 |
| JBS N.V. | [JBS](https://holderbook.com/stocks/JBS/) | $91.2M | 7,693,893 | 0.6% | 3 |
| SCOTTS MIRACLE-GRO CO | [SMG](https://holderbook.com/stocks/SMG/) | $91.0M | 1,335,820 | 0.6% | 17 |
| SS&C TECH HLDGS | [SSNC](https://holderbook.com/stocks/SSNC/) | $90.9M | 1,464,214 | 0.6% | 13 |
| INTERNATIONAL FLAVORS&FRAGRA | [IFF](https://holderbook.com/stocks/IFF/) | $89.4M | 1,128,458 | 0.6% | 11 |
| ARROW ELECTRS INC | [ARW](https://holderbook.com/stocks/ARW/) | $87.2M | 408,610 | 0.6% | 31 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $86.8M | 1,038,308 | 0.6% | 11 |
| MOLSON COORS BEVERAGE CO | [TAP](https://holderbook.com/stocks/TAP/) | $86.2M | 2,212,781 | 0.6% | 19 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $85.0M | 237,789 | 0.6% | 16 |
| OMNICOM GROUP INC | [OMC](https://holderbook.com/stocks/OMC/) | $84.7M | 1,163,286 | 0.6% | 31 |
| ORION GROUP HLDGS INC | [ORN](https://holderbook.com/stocks/ORN/) | $82.7M | 4,914,450 | 0.6% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $82.0M | 171,703 | 0.6% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $81.0M | 488,526 | 0.6% | 31 |
| WILLIS TOWERS WATSON PLC LTD | [WTW](https://holderbook.com/stocks/WTW/) | $80.5M | 307,861 | 0.6% | 18 |
| AMERICA MOVIL SAB DE CV | [AMX](https://holderbook.com/stocks/AMX/) | $80.4M | 3,093,426 | 0.6% | 10 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $79.3M | 1,616,446 | 0.6% | 21 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $77.8M | 1,483,198 | 0.5% | 16 |
| EVERGY INC | [EVRG](https://holderbook.com/stocks/EVRG/) | $76.9M | 890,004 | 0.5% | 7 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $76.6M | 904,680 | 0.5% | 25 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $74.8M | 23,388 | 0.5% | 22 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $74.8M | 572,399 | 0.5% | 5 |
| ELANCO ANIMAL HEALTH INC | [ELAN](https://holderbook.com/stocks/ELAN/) | $73.1M | 2,972,036 | 0.5% | 16 |
| TAKEDA PHARMACEUTICAL CO LTD | [TAK](https://holderbook.com/stocks/TAK/) | $72.8M | 4,539,347 | 0.5% | 31 |
| KASPI KZ JSC | [KSPI](https://holderbook.com/stocks/KSPI/) | $72.2M | 833,669 | 0.5% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $70.3M | 276,623 | 0.5% | 31 |
| LABCORP HOLDINGS INC | [LH](https://holderbook.com/stocks/LH/) | $69.9M | 249,524 | 0.5% | 9 |
| KENVUE INC | [KVUE](https://holderbook.com/stocks/KVUE/) | $69.4M | 3,630,495 | 0.5% | 10 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $69.3M | 1,398,641 | 0.5% | 31 |
| FOSTER L B CO | [FSTR](https://holderbook.com/stocks/FSTR/) | $64.6M | 1,430,840 | 0.5% | 22 |
| AMBEV SA | [ABEV](https://holderbook.com/stocks/ABEV/) | $64.5M | 20,526,907 | 0.5% | 25 |
| KENNAMETAL INC | [KMT](https://holderbook.com/stocks/KMT/) | $62.6M | 1,785,604 | 0.4% | 16 |
| SMITH & NEPHEW PLC | [SNN](https://holderbook.com/stocks/SNN/) | $61.9M | 2,148,731 | 0.4% | 11 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $61.7M | 259,832 | 0.4% | 31 |
| LKQ CORP | [LKQ](https://holderbook.com/stocks/LKQ/) | $60.6M | 2,303,156 | 0.4% | 8 |
| KONINKLIJKE PHILIPS N V | [PHG](https://holderbook.com/stocks/PHG/) | $60.1M | 2,210,252 | 0.4% | 17 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $57.2M | 285,259 | 0.4% | 1 |
| ALLISON TRANSMISSION HLDGS I | [ALSN](https://holderbook.com/stocks/ALSN/) | $57.1M | 506,716 | 0.4% | 3 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $54.7M | 680,973 | 0.4% | 7 |
| TELEFONICA BRASIL SA | [VIV](https://holderbook.com/stocks/VIV/) | $52.2M | 3,963,967 | 0.4% | 23 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $51.1M | 301,263 | 0.4% | 31 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $48.5M | 378,489 | 0.3% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $48.3M | 147,529 | 0.3% | 31 |
| MOOG INC | [MOGA](https://holderbook.com/stocks/MOGA/) | $48.0M | 113,210 | 0.3% | 20 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +5.7% | +14.8% | -9.1% | 100% |
| Q1 2026 | +2.0% | -4.6% | +6.6% | 100% |
| Q4 2025 | +5.8% | +2.4% | +3.4% | 99% |
| Q3 2025 | +7.6% | +7.8% | -0.2% | 100% |
| Q2 2025 | +6.6% | +10.5% | -3.8% | 100% |
| Q1 2025 | +3.0% | -4.6% | +7.6% | 100% |
| Q4 2024 | -0.8% | +2.1% | -3.0% | 100% |
| Q3 2024 | +7.8% | +5.4% | +2.4% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $14.3B | 193 |
| Q1 2026 | $14.1B | 186 |
| Q4 2025 | $13.1B | 190 |
| Q3 2025 | $12.5B | 180 |
| Q2 2025 | $11.1B | 181 |
| Q1 2025 | $9.8B | 185 |
| Q4 2024 | $8.9B | 190 |
| Q3 2024 | $8.9B | 186 |
| Q2 2024 | $8.1B | 187 |
| Q1 2024 | $7.8B | 185 |
| Q4 2023 | $6.6B | 187 |
| Q3 2023 | $5.1B | 152 |