BRANDES INVESTMENT PARTNERS, LP
SEC Form 13F institutional filer · CIK 0001015079
13F-HR · 62 reported holdings · 2026-03-31
Value-oriented investment firm.
Reported long-US-equity value
$6.30B
Top-10 concentration
39.8%
BRANDES INVESTMENT PARTNERS, LP — $6.3B AUM allocation strategy
BRANDES INVESTMENT PARTNERS, LP files SEC Form 13F and reports $6.3B of long US equity value across 62 reported holdings for 2026-03-31.
Its largest sector bet is Health Care 26.4%, followed by Financials 21.9% and Industrials 7.9%.
The top 10 holdings account for 40% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
BRANDES INVESTMENT PARTNERS, LP — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$6.3B
total across 62 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
40% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$TAP +1.53M sh · +$65.6M+$CTSH +720K sh · −$6.08M+$PFE +478K sh · +$40.9M
Biggest trims (shares)
−$CTVA −1.42M sh · −$80M−$HAL −1.26M sh · +$32M−$CAH −524K sh · −$106M
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Diversified Banks14.1%—
- Pharmaceuticals8.5%—
- Health Care Services6.5%—
- Property & Casualty Insurance5.4%—
- Air Freight & Logistics4.0%—
- Aerospace & Defense4.0%—
- Oil & Gas Equipment & Services3.9%—
- Health Care Equipment3.8%—
- Other holdings49.8%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $C | Citigroup Inc | 2.44M | $277M | +83.5K | 4.4% |
| $MRK | Merck & Company Inc | 2.3M | $277M | -165K | 4.4% |
| $CI | The Cigna Group | 1.01M | $269M | +64.6K | 4.3% |
| $PFE | Pfizer Inc | 9.11M | $256M | +478K | 4.1% |
| $FDX | FedEx Corporation | 706K | $252M | -16.8K | 4.0% |
| $TXT | Textron Inc | 2.84M | $249M | +106K | 3.9% |
| $HAL | Halliburton Company | 6.29M | $245M | -1.26M | 3.9% |
| $BDX | Becton Dickinson and Company | 1.52M | $238M | +286K | 3.8% |
| $BAC | Bank of America Corporation | 4.57M | $223M | +181K | 3.5% |
| $WFC | Wells Fargo & Company | 2.75M | $219M | +126K | 3.5% |
…and 52 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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