BRANDES INVESTMENT PARTNERS, LPBRANDES INVESTMENT PARTNERS, LP

Institutional investor · Portfolio as of Q1 2026

SEC EDGAR SourceSEC Filings

Top Holdings186 positions

Activity:
Stock
Shares
Value
Weight
Avg Buy
Est. P&L
Held
Conviction

CAE INC

15.9M$413.5M2.9%$20.44+25.36%
16 qtrssince 2022-Q2
Increased
56
EMBJEMBJ
ADR

EMBRAER S.A.

5.7M$338.5M2.4%$21.32+209.65%
29 qtrssince 2019-Q1
Increased
59

AMDOCS LTD

4.7M$303.8M2.2%$73.11-28.99%
29 qtrssince 2019-Q1
Increased
79
GRFSGRFS
ADR

GRIFOLS S A

36.3M$291.4M2.1%$9.08-19.95%
22 qtrssince 2020-Q4
Increased
62

CITIGROUP INC

2.4M$277.2M2.0%$52.33+169.02%
29 qtrssince 2019-Q1
Increased
50

MERCK & CO INC

2.3M$277M2.0%$82.56+49.64%
29 qtrssince 2019-Q1
Decreased
0

OPEN TEXT CORP

12.1M$269.9M1.9%$28.25-18.55%
19 qtrssince 2021-Q3
Increased
62

THE CIGNA GROUP

1M$269.1M1.9%$253.57+15.73%
29 qtrssince 2019-Q1
Increased
52

MOHAWK INDS INC

2.6M$257.8M1.8%$111.67-1.52%
29 qtrssince 2019-Q1
Increased
78
SHELSHEL
ADR

SHELL PLC

2.8M$256M1.8%$62.33+31.92%
17 qtrssince 2022-Q1
Increased
51

PFIZER INC

9.1M$255.7M1.8%$26.41-8.48%
29 qtrssince 2019-Q1
Increased
51

FEDEX CORP

706,467$251.6M1.8%$216.05+45.66%
29 qtrssince 2019-Q1
Decreased
0

TEXTRON INC

2.8M$248.7M1.8%$68.54+32.64%
25 qtrssince 2020-Q1
Increased
50
NICENICE
ADR

NICE LTD

2.2M$245.8M1.7%$120.18-17.00%
2 qtrssince 2025-Q4
Increased
78

HALLIBURTON CO

6.3M$245.3M1.7%$22.43+53.30%
29 qtrssince 2019-Q1
Decreased
0

MILLICOM INTL CELLULAR S A

3.3M$244.4M1.7%$17.17+464.64%
16 qtrssince 2022-Q2
Decreased
0

BECTON DICKINSON & CO

1.5M$238.3M1.7%$143.78+5.68%
4 qtrssince 2025-Q2
Increased
59

BANK AMERICA CORP

4.6M$222.6M1.6%$29.82+100.13%
29 qtrssince 2019-Q1
Increased
50

WELLS FARGO & CO

2.8M$219.3M1.6%$41.47+110.19%
29 qtrssince 2019-Q1
Increased
51

WESTLAKE CORPORATION

1.8M$215.3M1.5%$82.69-8.71%
5 qtrssince 2025-Q1
Increased
53
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$14.1B
AUM
186
Positions
Q1 2026
Filing
Rating · 2.5
Quarterly Portfolio Change
+1%Q4'24$8.9B+10%Q1'25$9.8B+13%Q2'25$11.1B+13%Q3'25$12.5B+5%Q4'25$13.1B+8%Q1'26$14.1B
Activity profile
$ moved · Q1'26
New13%Increased54%Decreased27%Exited6%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 4.2 years
<1Q4%1-4Q9%1-2Y11%2Y+76%

BRANDES INVESTMENT PARTNERS, LP manages $14.1B across 186 positions as of Q1 2026. Top holdings: CAE (2.9%), EMBJ (2.4%), DOX (2.2%). Fund DNA: Steady Compounder. HoldingsIntel Rating: 2.5/5.0.

Q1 2026 Summary

Active quarter - 10 new positions, 14 exits, 121 increased. Top move: DOX (INCREASED, conviction 79). Portfolio: $14.1B across 186 positions.

Top holdings by portfolio weight

Total AUM$14B
CAE2.93%
EMBJ2.40%
DOX2.15%
GRFS2.06%
C1.96%
MRK1.96%
OTEX1.91%
CI1.90%
MHK1.82%
SHEL1.81%
Other1.81%

Portfolio allocation by GICS sector

Sectors11
Healthcare21.47%
Industrials19.41%
Technology14.33%
Financial Services12.53%
Energy7.88%
Communication Services6.11%
Consumer Defensive5.68%
Consumer Cyclical5.14%
Basic Materials4.66%
Utilities1.94%
Other0.86%

Behavioral investing profile

7-dimension quality assessment
Solid(2.5 / 5.0)
Track Record74
Conviction46
Concentration31
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Position Outcomes

Best and worst performing positions by estimated return

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Accumulation Streaks

Positions with 2+ consecutive quarters of increases - persistent directional conviction.

Security
7Q
AOUTAMERICAN OUTDOOR BRANDS INC
Q3 2024 Q1 2026+1.7M shares+$16.5M
7Q
AVTAVNET INC
Q3 2024 Q1 2026+25,657 shares+$1.7M
7Q
CITHE CIGNA GROUP
Q3 2024 Q1 2026+497,899 shares+$100.1M

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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

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