Brandes Investment Partners, LP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Brandes Investment Partners, LP reported 193 stock positions worth $14.3 billion. Its top holding was Cae (CAE) at 3.2% of the portfolio, followed by Embraer SA-Spon ADR (EMBJ, 2.7%) and Mohawk Industries (MHK, 2.4%). Compared with Q1 2026, it opened 17 new positions, sold out of 11, added to 104 and reduced 69. The biggest buy was CNH Industrial (CNH, shares +704%) and the biggest sale Micron Technology (MU, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- LA JOLLA, CA
- CIK
- 0001015079
- Portfolio Value
- $14.3B (Q2 2026)
- SEC Filing
- 0001015079-26-000091 ↗ filed Aug 14, 2026
Holdings Value
Holdings 193 stocks · $14.3B
| CAE Cae Inc. | 3.23% | 18,397,515 | $461.0M | Add +15.9% |
| EMBJ Embraer SA-Spon ADR | 2.70% | 6,036,219 | $385.1M | Add +5.8% |
| MHK Mohawk Industries Inc. | 2.38% | 2,797,526 | $339.4M | Add +6.8% |
| OTEX Open Text Corp. | 2.03% | 13,061,929 | $289.3M | Add +7.6% |
| GRFS Grifols SA-ADR | 1.88% | 37,816,285 | $267.7M | Add +4.1% |
| NICE Nice Ltd. - Spon ADR | 1.82% | 2,861,960 | $260.0M | Add +28.4% |
| BDX Becton Dickinson and Co. | 1.77% | 1,671,540 | $253.0M | Add +10.3% |
| TIGO Millicom Intl Cellular S.A. | 1.75% | 2,754,039 | $250.0M | Reduce -15.6% |
| CNH CNH Industrial NV | 1.72% | 21,878,681 | $245.7M | Add +704.3% |
| MRK Merck & Co. Inc. | 1.72% | 1,910,947 | $245.6M | Reduce -17.0% |
| C Citigroup Inc. | 1.64% | 1,670,362 | $233.8M | Reduce -31.7% |
| CI The Cigna Group | 1.63% | 843,317 | $232.5M | Reduce -16.4% |
| DOX Amdocs Ltd. | 1.62% | 4,581,633 | $231.6M | Reduce -1.6% |
| TXT Textron Inc. | 1.62% | 2,521,792 | $231.3M | Reduce -11.2% |
| BAC Bank of America Corp. | 1.52% | 3,803,522 | $216.7M | Reduce -16.7% |
| HXL Hexcel Corp. | 1.50% | 2,134,549 | $213.6M | Reduce -4.5% |
| ICLR Icon PLC filed as ICON PUB LTD CO | 1.44% | 1,185,774 | $206.0M | Reduce -17.4% |
| EPC Edgewell Personal Care Co. | 1.33% | 7,059,831 | $189.6M | Add +5.0% |
| WFC Wells Fargo & Co. | 1.33% | 2,290,534 | $189.3M | Reduce -16.9% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.31% | 813,014 | $186.6M | Add +15.9% |
| PFE Pfizer Inc. | 1.29% | 7,634,806 | $183.8M | Reduce -16.2% |
| EFX Equifax Inc. | 1.28% | 1,152,350 | $182.9M | Add +54.2% |
| SNY Sanofi-ADR | 1.24% | 4,136,417 | $176.5M | Add +11.1% |
| UNH Unitedhealth Group Inc. | 1.24% | 424,159 | $176.3M | Reduce -31.8% |
| FDX FedEx Corp. | 1.23% | 561,978 | $176.0M | Reduce -20.4% |
| CVS CVS Health Corp. | 1.21% | 1,674,319 | $173.2M | Reduce -15.0% |
| PGR Progressive Corp. | 1.21% | 789,561 | $172.5M | Reduce -9.1% |
| HAL Halliburton Co. | 1.19% | 4,979,851 | $169.1M | Reduce -20.9% |
| PNC PNC Financial Services Group | 1.17% | 677,618 | $166.8M | Reduce -16.8% |
| SHEL Shell PLC-ADR | 1.16% | 2,127,279 | $165.0M | Reduce -22.7% |
| ACGL Arch Capital Group Ltd. | 1.03% | 1,518,218 | $147.4M | Reduce -14.3% |
| ARLO Arlo Technologies Inc. | 1.02% | 10,753,652 | $145.0M | Add +5.2% |
| WKC World Kinect Corp. | 1.02% | 4,399,303 | $144.9M | Add +2.5% |
| INVX Innovex International Inc. | 1.00% | 5,727,445 | $142.0M | Reduce -13.0% |
| CPB The Campbell's Company | 0.99% | 6,334,950 | $141.1M | Add +3688.5% |
| ZTS Zoetis Inc. | 0.97% | 1,930,651 | $138.7M | New |
| CMCSA Comcast Corp. Class A | 0.97% | 5,626,422 | $138.1M | Reduce -12.5% |
| GHM Graham Corp. | 0.94% | 1,079,699 | $133.7M | Reduce -7.8% |
| HCA HCA Healthcare Inc. | 0.85% | 311,035 | $121.3M | Reduce -9.4% |
| CPA Copa Holdings SA Class A | 0.84% | 769,630 | $119.7M | Add +4.5% |
| CX Cemex Sab-Spons ADR Part Cer | 0.84% | 9,957,989 | $119.5M | Add +9.4% |
| EMR Emerson Electric Co. | 0.82% | 813,136 | $116.4M | Reduce -14.7% |
| INGR Ingredion Inc. | 0.81% | 1,227,467 | $116.3M | Add +116.8% |
| GLOB Globant SA | 0.81% | 4,000,333 | $115.8M | Add +16.8% |
| WLK Westlake Corp. | 0.81% | 1,572,939 | $114.8M | Reduce -14.6% |
| IMKTA Ingles Markets Inc. Class A | 0.78% | 1,260,027 | $111.6M | Add +0.6% |
| NGG National Grid PLC-SP ADR | 0.78% | 1,345,982 | $111.5M | Add +2.6% |
| MCK McKesson Corp. | 0.74% | 140,534 | $106.2M | Reduce -18.5% |
| GOOG Alphabet Inc. Class C | 0.73% | 296,414 | $104.7M | Add +1.0% |
| PZZA Papa John's Intl Inc. | 0.70% | 2,730,683 | $100.4M | Add +3.7% |
| KNX Knight-Swift Transportation | 0.70% | 1,276,459 | $99.4M | Reduce -14.1% |
| CTSH Cognizant Tech Solutions-A | 0.69% | 2,553,185 | $98.9M | Reduce -16.1% |
| PBH Prestige Consumer Healthcare | 0.68% | 2,051,060 | $97.0M | Add +140.1% |
| PKE Park Aerospace Corp. | 0.68% | 2,540,044 | $96.9M | Reduce -8.7% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.67% | 2,060,834 | $95.8M | Add +0.9% |
| SAP Sap SE-Sponsored ADR | 0.66% | 614,006 | $94.6M | Add +31.8% |
| EPAM Epam Systems Inc. | 0.65% | 1,173,823 | $93.1M | Reduce -11.4% |
| BABA Alibaba Group Holding-SP ADR | 0.65% | 962,215 | $92.4M | Add +44.5% |
| JBS JBS NV-A | 0.64% | 7,693,893 | $91.2M | Add +157.9% |
| SMG Scotts Miracle-Gro Co. | 0.64% | 1,335,820 | $91.0M | Add +65.2% |
| SSNC Ss&c Technologies Holdings | 0.64% | 1,464,214 | $90.9M | Add +21.4% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.63% | 1,128,458 | $89.4M | Add +2.1% |
| ARW Arrow Electronics Inc. | 0.61% | 408,610 | $87.2M | Reduce -5.4% |
| SYY Sysco Corp. | 0.61% | 1,038,308 | $86.8M | Add +14.6% |
| TAP Molson Coors Beverage Co. Class B | 0.60% | 2,212,781 | $86.2M | Add +35.0% |
| GOOGL Alphabet Inc. Class A | 0.60% | 237,789 | $85.0M | Reduce -32.8% |
| OMC Omnicom Group | 0.59% | 1,163,286 | $84.7M | Add +1.5% |
| ORN Orion Group Holdings Inc. | 0.58% | 4,914,450 | $82.7M | Reduce -4.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.57% | 171,703 | $82.0M | Reduce -9.7% |
| CVX Chevron Corp. | 0.57% | 488,526 | $81.0M | Add +1.1% |
| WTW Willis Towers Watson PLC | 0.56% | 307,861 | $80.5M | Add +3.0% |
| AMX America Movil Sab DE CV | 0.56% | 3,093,426 | $80.4M | Add +2.6% |
| FISV Fiserv Inc. | 0.56% | 1,616,446 | $79.3M | Reduce -16.1% |
| GSK GSK PLC-Spon ADR | 0.55% | 1,483,198 | $77.8M | Add +2.1% |
| EVRG Evergy Inc. | 0.54% | 890,004 | $76.9M | Reduce -25.0% |
| CTVA Corteva Inc. | 0.54% | 904,680 | $76.6M | Add +1.0% |
| AZO AutoZone Inc. | 0.52% | 23,388 | $74.8M | Add +55.5% |
| TGT Target Corp. | 0.52% | 572,399 | $74.8M | Reduce -0.1% |
| ELAN Elanco Animal Health Inc. | 0.51% | 2,972,036 | $73.1M | Add +7.0% |
| TAK Takeda Pharmaceutic-SP ADR | 0.51% | 4,539,347 | $72.8M | Add +2.5% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.51% | 833,669 | $72.2M | Add +12.0% |
| JNJ Johnson & Johnson | 0.49% | 276,623 | $70.3M | Reduce -1.1% |
| LH Labcorp Holdings Inc. | 0.49% | 249,524 | $69.9M | Add +1.7% |
| KVUE Kenvue Inc. | 0.49% | 3,630,495 | $69.4M | Add +4.2% |
| UBS UBS Group AG-Reg | 0.49% | 1,398,641 | $69.3M | Add +2.2% |
| FSTR Foster (lb) Co. Class A | 0.45% | 1,430,840 | $64.6M | Reduce -3.4% |
| ABEV Ambev SA-ADR | 0.45% | 20,526,907 | $64.5M | Reduce -11.1% |
| KMT Kennametal Inc. | 0.44% | 1,785,604 | $62.6M | Reduce -66.1% |
| SNN Smith & Nephew PLC -Spon ADR | 0.43% | 2,148,731 | $61.9M | Add +60.1% |
| CAH Cardinal Health Inc. | 0.43% | 259,832 | $61.7M | Add +0.7% |
| LKQ LKQ Corp. | 0.43% | 2,303,156 | $60.6M | Add +41.5% |
| PHG Koninklijke Philips NVR- NY | 0.42% | 2,210,252 | $60.1M | Add +11.1% |
| COF Capital One Financial Corp. | 0.40% | 285,259 | $57.2M | New |
| ALSN Allison Transmission Holding | 0.40% | 506,716 | $57.1M | Add +1.2% |
| DEO Diageo PLC-Sponsored ADR | 0.38% | 680,973 | $54.7M | Add +35.7% |
| VIV Telefonica Brasil-ADR | 0.37% | 3,963,967 | $52.2M | Add +61.8% |
| STT State Street Corp. | 0.36% | 301,263 | $51.1M | Reduce -19.5% |
| NTES Netease Inc.-ADR | 0.34% | 378,489 | $48.5M | Add +246.0% |
| JPM JPMorgan Chase & Co. | 0.34% | 147,529 | $48.3M | Add +1.3% |
| MOG.A Moog Inc. Class A | 0.34% | 113,210 | $48.0M | Reduce -60.5% |
Portfolio Sells Q1 2026 → Q2 2026
| MU Micron Technology Inc. | Reduce -99.1% | 0.03% | −0.91 |
| KMT Kennametal Inc. | Reduce -66.1% | 0.44% | −0.91 |
| WLK Westlake Corp. | Reduce -14.6% | 0.81% | −0.72 |
| SHEL Shell PLC-ADR | Reduce -22.7% | 1.16% | −0.66 |
| CTSH Cognizant Tech Solutions-A | Reduce -16.1% | 0.69% | −0.63 |
| EPAM Epam Systems Inc. | Reduce -11.4% | 0.65% | −0.62 |
| HAL Halliburton Co. | Reduce -20.9% | 1.19% | −0.55 |
| FDX FedEx Corp. | Reduce -20.4% | 1.23% | −0.55 |
| DOX Amdocs Ltd. | Reduce -1.6% | 1.62% | −0.53 |
| PFE Pfizer Inc. | Reduce -16.2% | 1.29% | −0.52 |
| NTR Nutrien Ltd. | Sold out | 0.00% | −0.50 |
| FDXF FedEx Freight Holding Co. | Reduce -99.0% | 0.00% | −0.37 |
| CMCSA Comcast Corp. Class A | Reduce -12.5% | 0.97% | −0.34 |
| C Citigroup Inc. | Reduce -31.7% | 1.64% | −0.32 |
| MCK McKesson Corp. | Reduce -18.5% | 0.74% | −0.31 |
| BNY Bank of New York Mellon Corp. | Reduce -98.8% | 0.00% | −0.31 |
| TTE Totalenergies SE | Reduce -60.6% | 0.15% | −0.31 |
| HCA HCA Healthcare Inc. | Reduce -9.4% | 0.85% | −0.30 |
| UNF Unifirst Corp. | Reduce -59.0% | 0.21% | −0.28 |
| CI The Cigna Group | Reduce -16.4% | 1.63% | −0.27 |
| MTX Minerals Technologies Inc. | Reduce -66.0% | 0.15% | −0.27 |
| MOG.A Moog Inc. Class A | Reduce -60.5% | 0.34% | −0.26 |
| STM Stmicroelectronics NV-NY SHS | Reduce -97.6% | 0.01% | −0.25 |
| MRK Merck & Co. Inc. | Reduce -17.0% | 1.72% | −0.24 |
| PBR.A Petroleo Brasil-SP Pref ADR | Reduce -24.3% | 0.33% | −0.23 |
| WFC Wells Fargo & Co. | Reduce -16.9% | 1.33% | −0.23 |
| FISV Fiserv Inc. | Reduce -16.1% | 0.56% | −0.21 |
| NTGR Netgear Inc. | Reduce -41.2% | 0.29% | −0.17 |
| ACGL Arch Capital Group Ltd. | Reduce -14.3% | 1.03% | −0.17 |
| MSM MSC Industrial Direct Co. Class A | Reduce -71.6% | 0.09% | −0.15 |
| EVRG Evergy Inc. | Reduce -25.0% | 0.54% | −0.15 |
| WAT Waters Corp. | Sold out | 0.00% | −0.15 |
| INVX Innovex International Inc. | Reduce -13.0% | 1.00% | −0.14 |
| TXT Textron Inc. | Reduce -11.2% | 1.62% | −0.14 |
| MOV Movado Group Inc. | Sold out | 0.00% | −0.13 |
| GOOGL Alphabet Inc. Class A | Reduce -32.8% | 0.60% | −0.12 |
| EMR Emerson Electric Co. | Reduce -14.7% | 0.82% | −0.07 |
| BAC Bank of America Corp. | Reduce -16.7% | 1.52% | −0.06 |
| NKSH National Bankshares Inc. | Sold out | 0.00% | −0.05 |
| TKR Timken Co. | Reduce -48.8% | 0.13% | −0.05 |
| NPK National Presto Inds Inc. | Sold out | 0.00% | −0.04 |
| IXUS iShares Core Intl Stock ETF | Reduce -77.8% | 0.01% | −0.03 |
| PNC PNC Financial Services Group | Reduce -16.8% | 1.17% | −0.03 |
| ABEV Ambev SA-ADR | Reduce -11.1% | 0.45% | −0.03 |
| FLEX Flex Ltd. | Reduce -61.6% | 0.33% | −0.02 |
| HTLD Heartland Express Inc. | Sold out | 0.00% | −0.02 |
| SCHL Scholastic Corp. | Reduce -33.2% | 0.06% | −0.02 |
| ZTO Zto Express Cayman Inc.-ADR | Sold out | 0.00% | −0.02 |
| ETR Entergy Corp. | Reduce -5.0% | 0.28% | −0.01 |
| PGR Progressive Corp. | Reduce -9.1% | 1.21% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| CNH CNH Industrial NV | Add +704.3% | 1.72% | +1.51 |
| ZTS Zoetis Inc. | New | 0.97% | +0.97 |
| CPB The Campbell's Company | Add +3688.5% | 0.99% | +0.96 |
| MHK Mohawk Industries Inc. | Add +6.8% | 2.38% | +0.55 |
| COF Capital One Financial Corp. | New | 0.40% | +0.40 |
| INGR Ingredion Inc. | Add +116.8% | 0.81% | +0.36 |
| EFX Equifax Inc. | Add +54.2% | 1.28% | +0.33 |
| VEA Vanguard Ftse Developed ETF | New | 0.33% | +0.33 |
| PBH Prestige Consumer Healthcare | Add +140.1% | 0.68% | +0.32 |
| WKC World Kinect Corp. | Add +2.5% | 1.02% | +0.32 |
| EPC Edgewell Personal Care Co. | Add +5.0% | 1.33% | +0.31 |
| CAE Cae Inc. | Add +15.9% | 3.23% | +0.31 |
| EMBJ Embraer SA-Spon ADR | Add +5.8% | 2.70% | +0.30 |
| SMG Scotts Miracle-Gro Co. | Add +65.2% | 0.64% | +0.29 |
| JBS JBS NV-A | Add +157.9% | 0.64% | +0.26 |
| NTES Netease Inc.-ADR | Add +246.0% | 0.34% | +0.25 |
| CPA Copa Holdings SA Class A | Add +4.5% | 0.84% | +0.25 |
| AJG Arthur J Gallagher & Co. | Add +15.9% | 1.31% | +0.23 |
| CAG Conagra Brands Inc. | Add +1479.1% | 0.22% | +0.20 |
| BRC Brady Corporation Class A | Add +421.3% | 0.20% | +0.16 |
| AZO AutoZone Inc. | Add +55.5% | 0.52% | +0.16 |
| SYY Sysco Corp. | Add +14.6% | 0.61% | +0.15 |
| GOOG Alphabet Inc. Class C | Add +1.0% | 0.73% | +0.14 |
| ACWI iShares MSCI Acwi ETF | New | 0.13% | +0.13 |
| SNN Smith & Nephew PLC -Spon ADR | Add +60.1% | 0.43% | +0.13 |
| DEO Diageo PLC-Sponsored ADR | Add +35.7% | 0.38% | +0.12 |
| IUSV iShares Core S&P U.S. Value | New | 0.12% | +0.12 |
| OTEX Open Text Corp. | Add +7.6% | 2.03% | +0.12 |
| KSPI JSC Kaspi.kz ADR | Add +12.0% | 0.51% | +0.12 |
| SON Sonoco Products Co. | Add +64.7% | 0.26% | +0.11 |
| UBS UBS Group AG-Reg | Add +2.2% | 0.49% | +0.11 |
| TAP Molson Coors Beverage Co. Class B | Add +35.0% | 0.60% | +0.10 |
| CX Cemex Sab-Spons ADR Part Cer | Add +9.4% | 0.84% | +0.10 |
| PZZA Papa John's Intl Inc. | Add +3.7% | 0.70% | +0.10 |
| SAP Sap SE-Sponsored ADR | Add +31.8% | 0.66% | +0.10 |
| VIV Telefonica Brasil-ADR | Add +61.8% | 0.37% | +0.09 |
| BDX Becton Dickinson and Co. | Add +10.3% | 1.77% | +0.09 |
| LKQ LKQ Corp. | Add +41.5% | 0.43% | +0.09 |
| NICE Nice Ltd. - Spon ADR | Add +28.4% | 1.82% | +0.08 |
| KVUE Kenvue Inc. | Add +4.2% | 0.49% | +0.06 |
| SSNC Ss&c Technologies Holdings | Add +21.4% | 0.64% | +0.06 |
| IFF Intl Flavors & Fragrances | Add +2.1% | 0.63% | +0.06 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Add +14.9% | 0.27% | +0.06 |
| BABA Alibaba Group Holding-SP ADR | Add +44.5% | 0.65% | +0.06 |
| QRVO Qorvo Inc. | Add +1.9% | 0.31% | +0.05 |
| CAH Cardinal Health Inc. | Add +0.7% | 0.43% | +0.05 |
| FMS Fresenius Medical Care-ADR | Add +18.9% | 0.30% | +0.05 |
| HDB HDFC Bank Ltd.-ADR | Add +199.0% | 0.06% | +0.04 |
| ELAN Elanco Animal Health Inc. | Add +7.0% | 0.51% | +0.04 |
| AOUT American Outdoor Brands Inc. | Add +1.3% | 0.20% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 193 | $14.3B | CAE, EMBJ, MHK, OTEX, GRFS |
| Q1 2026 | 186 | $14.1B | CAE, EMBJ, DOX, GRFS, C |
| Q4 2025 | 190 | $13.1B | CAE, EMBJ, OTEX, KMT, GRFS |
| Q3 2025 | 180 | $12.5B | CAE, EMBJ, OTEX, GRFS, TIGO |
| Q2 2025 | 181 | $11.1B | CAE, EMBJ, GRFS, TIGO, OTEX |
| Q1 2025 | 185 | $9.8B | CAE, EMBJ, MCK, CI, DOX |
| Q4 2024 | 190 | $8.9B | CAE, EMBJ, BAC, FISV, WFC |
| Q3 2024 | 186 | $8.9B | EMBJ, CAE, WFC, FISV, CMCSA |
| Q2 2024 | 187 | $8.1B | EMBJ, WFC, BAC, CAE, C |
| Q1 2024 | 185 | $7.8B | EMBJ, WFC, BAC, CMCSA, C |