# Sanders Capital, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1508097. Source: https://holderbook.com/funds/1508097-sanders-capital-llc/

- Reported value: $99.8B
- Positions: 47
- Weight of the ten largest: 60.2%
- Filed: 2026-08-10

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 |
|---|---|---|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $12.5B | 26,149,064 | 12.5% | 48 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $9.7B | 27,472,939 | 9.7% | 40 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $7.0B | 29,352,719 | 7.0% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $6.1B | 10,823,070 | 6.1% | 32 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.0B | 16,102,026 | 6.0% | 63 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $4.5B | 22,560,894 | 4.5% | 2 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $4.4B | 6,094,372 | 4.4% | 5 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $3.4B | 8,828,287 | 3.4% | 25 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $3.4B | 3,487,219 | 3.4% | 20 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.0B | 10,528,191 | 3.1% | 52 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $2.8B | 10,144,617 | 2.8% | 31 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $2.7B | 29,129,629 | 2.7% | 10 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.6B | 46,345,469 | 2.6% | 55 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $2.5B | 5,898,634 | 2.5% | 63 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $2.3B | 5,825,024 | 2.3% | 47 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $2.0B | 15,027,948 | 2.0% | 9 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.0B | 5,163,630 | 2.0% | 1 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.8B | 9,277,878 | 1.8% | 14 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.6B | 4,796,303 | 1.6% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.5B | 2,036,906 | 1.5% | 59 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.5B | 9,615,354 | 1.5% | 3 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.3B | 13,780,700 | 1.3% | 1 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $1.3B | 6,986,830 | 1.3% | 2 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.3B | 7,414,965 | 1.3% | 24 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $1.3B | 3,546,156 | 1.3% | 14 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.3B | 3,837,596 | 1.3% | 63 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.2B | 2,330,359 | 1.2% | 7 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $1.1B | 5,067,740 | 1.1% | 4 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $1.1B | 2,460,969 | 1.1% | 6 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $1.1B | 2,093,533 | 1.1% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $975.0M | 6,648,957 | 1.0% | 21 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $931.1M | 1,828,249 | 0.9% | 20 |
| ROYAL CARIBBEAN GROUP | [RCL](https://holderbook.com/stocks/RCL/) | $826.6M | 2,603,252 | 0.8% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $656.6M | 7,839,638 | 0.7% | 59 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $605.4M | 7,936,717 | 0.6% | 7 |
| TRIP COM GROUP LTD | [TCOM](https://holderbook.com/stocks/TCOM/) | $420.7M | 10,560,564 | 0.4% | 9 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $408.8M | 8,107,755 | 0.4% | 1 |
| HSBC HLDGS PLC | [HSBC](https://holderbook.com/stocks/HSBC/) | $250.3M | 2,632,430 | 0.3% | 13 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $121.8M | 483,963 | 0.1% | 54 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $95.3M | 1,050,405 | 0.1% | 11 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $95.1M | 1,909,022 | 0.1% | 27 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $71.8M | 530,401 | 0.1% | 38 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $14.2M | 235,435 | 0.0% | 3 |
| SHINHAN FINANCIAL GROUP CO L | [SHG](https://holderbook.com/stocks/SHG/) | $7.6M | 119,936 | 0.0% | 55 |
| ING GROEP N.V. | [ING](https://holderbook.com/stocks/ING/) | $3.5M | 112,785 | 0.0% | 24 |
| NATWEST GROUP PLC | [NWG](https://holderbook.com/stocks/NWG/) | $3.2M | 179,964 | 0.0% | 16 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $210.9K | 2,773 | 0.0% | 43 |

## 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 | +21.5% | +14.8% | +6.6% | 100% |
| Q1 2026 | -3.6% | -4.6% | +1.0% | 100% |
| Q4 2025 | +6.3% | +2.4% | +3.9% | 100% |
| Q3 2025 | +12.5% | +7.8% | +4.7% | 100% |
| Q2 2025 | +12.1% | +10.5% | +1.7% | 100% |
| Q1 2025 | -3.7% | -4.6% | +0.9% | 100% |
| Q4 2024 | -1.2% | +2.1% | -3.3% | 100% |
| Q3 2024 | +5.5% | +5.4% | +0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $99.8B | 47 |
| Q1 2026 | $83.9B | 44 |
| Q4 2025 | $86.8B | 44 |
| Q3 2025 | $81.3B | 47 |
| Q2 2025 | $74.5B | 47 |
| Q1 2025 | $66.9B | 47 |
| Q4 2024 | $68.4B | 46 |
| Q3 2024 | $69.0B | 45 |
| Q2 2024 | $65.3B | 45 |
| Q1 2024 | $59.9B | 42 |
| Q4 2023 | $54.1B | 44 |
| Q3 2023 | $47.3B | 44 |