Brandes Investment Partners, LP

Name: BRANDES INVESTMENT PARTNERS, LP 13F holdings, Q2 2025
Creator: BRANDES INVESTMENT PARTNERS, LP
Published: 2025-08-13

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Brandes Investment Partners, LP reported 181 stock positions worth $11.1 billion. Its top holding was Cae (CAE) at 3.9% of the portfolio, followed by Embraer SA-Spon ADR (EMBJ, 3.2%) and Grifols SA-ADR (GRFS, 2.3%). Compared with Q1 2025, it opened 7 new positions, sold out of 11, added to 112 and reduced 59. The biggest buy was a new position in Becton Dickinson and (BDX) and the biggest sale McKesson (MCK, shares −46%).

Most Recent 13F: Q2 2026
Location: LA JOLLA, CA
CIK: 0001015079
Portfolio Value: $11.1B (Q2 2025)
SEC Filing: 0001041062-25-000152 ↗ filed Aug 13, 2025

Holdings Value

Holdings 181 stocks · $11.1B


CAE Cae Inc.	3.92%	14,803,106	$433.3M	Add +4.4%
EMBJ Embraer SA-Spon ADR	3.23%	6,275,601	$357.1M	Reduce -8.1%
GRFS Grifols SA-ADR	2.29%	28,035,461	$253.4M	Add +8.9%
TIGO Millicom Intl Cellular S.A.	2.24%	6,624,718	$248.2M	Add +2.5%
OTEX Open Text Corp.	2.21%	8,368,336	$244.4M	Add +42.8%
C Citigroup Inc.	2.14%	2,780,651	$236.7M	Reduce -2.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP	2.08%	4,863,575	$230.1M	Reduce -2.1%
CX Cemex Sab-Spons ADR Part Cer	2.04%	32,648,163	$226.3M	Add +7.7%
WFC Wells Fargo & Co.	2.02%	2,788,372	$223.4M	Reduce -3.3%
CI The Cigna Group	2.02%	674,759	$223.1M	Add +0.5%
TXT Textron Inc.	1.97%	2,714,466	$217.9M	Add +19.9%
DOX Amdocs Ltd.	1.92%	2,328,804	$212.5M	Add +1.2%
FISV Fiserv Inc.	1.82%	1,166,009	$201.0M	Add +26.0%
CMCSA Comcast Corp. Class A	1.80%	5,573,835	$198.9M	Add +0.9%
PFE Pfizer Inc.	1.76%	8,042,709	$195.0M	Add +14.1%
KMT Kennametal Inc.	1.69%	8,154,119	$187.2M	Add +65.9%
SHEL Shell PLC-ADR	1.61%	2,527,597	$178.0M	Add +1.3%
CTVA Corteva Inc.	1.57%	2,335,741	$174.1M	Reduce -20.7%
CTSH Cognizant Tech Solutions-A	1.52%	2,153,116	$168.0M	Reduce -3.2%
CAH Cardinal Health Inc.	1.44%	948,994	$159.4M	Reduce -4.0%
MRK Merck & Co. Inc.	1.37%	1,912,228	$151.4M	Add +5.3%
VTV Vanguard Mrngstr Val ETF-Aui	1.36%	850,835	$150.4M	Add +46191.3%
BDX Becton Dickinson and Co.	1.36%	871,110	$150.1M	New
FDX FedEx Corp.	1.35%	658,807	$149.8M	Add +10.3%
MU Micron Technology Inc.	1.29%	1,158,894	$142.8M	Reduce -10.1%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	1.27%	1,537,771	$140.1M	Reduce -10.5%
HCA HCA Healthcare Inc.	1.27%	365,689	$140.1M	Reduce -2.1%
PNC PNC Financial Services Group	1.25%	739,521	$137.9M	Reduce -2.5%
HXL Hexcel Corp.	1.25%	2,440,242	$137.8M	Add +49.1%
HAL Halliburton Co.	1.22%	6,625,668	$135.0M	Add +37.7%
ACGL Arch Capital Group Ltd.	1.19%	1,443,320	$131.4M	Add +1.6%
MCK McKesson Corp.	1.17%	177,220	$129.9M	Reduce -46.1%
AIG American International Group	1.10%	1,424,592	$121.9M	Reduce -2.9%
SNY Sanofi-ADR	1.08%	2,483,767	$120.0M	Add +9.1%
CVS CVS Health Corp.	1.07%	1,723,998	$118.9M	Add +1.4%
EMR Emerson Electric Co.	1.07%	884,967	$118.0M	Reduce -3.5%
ELAN Elanco Animal Health Inc.	1.05%	8,100,322	$115.7M	Add +11.3%
WLK Westlake Corp.	1.00%	1,456,871	$110.6M	Add +246.0%
INVX Innovex International Inc.	1.00%	7,054,674	$110.2M	Add +7.7%
EPC Edgewell Personal Care Co.	0.97%	4,597,685	$107.6M	Add +40.0%
OMF Onemain Holdings Inc.	0.97%	1,874,863	$106.9M	Reduce -0.9%
ARLO Arlo Technologies Inc.	0.92%	6,005,562	$101.9M	Reduce -4.8%
CVX Chevron Corp.	0.89%	687,909	$98.5M	Add +2.3%
NTR Nutrien Ltd.	0.86%	1,626,395	$94.7M	Add +35.2%
MHK Mohawk Industries Inc.	0.83%	870,778	$91.3M	Add +5.6%
SSNC Ss&c Technologies Holdings	0.70%	930,748	$77.1M	Reduce -5.1%
WRB WR Berkley Corp. filed as BERKLEY W R CORP	0.68%	1,025,919	$75.4M	Reduce -6.3%
WKC World Kinect Corp.	0.68%	2,635,485	$74.7M	Add +0.5%
EVRG Evergy Inc.	0.67%	1,076,140	$74.2M	Add +1.0%
BABA Alibaba Group Holding-SP ADR	0.65%	633,732	$71.9M	Add +14.5%
WTW Willis Towers Watson PLC	0.65%	233,830	$71.7M	Reduce -14.9%
GOOG Alphabet Inc. Class C	0.64%	401,225	$71.2M	Reduce -5.5%
GOOGL Alphabet Inc. Class A	0.63%	398,576	$70.2M	Add +3.6%
CPA Copa Holdings SA Class A	0.63%	631,943	$69.5M	Reduce -1.9%
GSK GSK PLC-Spon ADR	0.61%	1,767,435	$67.9M	Add +5.2%
GHM Graham Corp.	0.59%	1,316,535	$65.2M	Reduce -3.4%
LKQ LKQ Corp.	0.58%	1,741,269	$64.4M	Reduce -2.5%
JNJ Johnson & Johnson	0.57%	410,765	$62.7M	Add +2.1%
JPM JPMorgan Chase & Co.	0.56%	213,684	$62.0M	Reduce -8.0%
SYY Sysco Corp.	0.55%	806,944	$61.1M	Add +2.6%
IMKTA Ingles Markets Inc. Class A	0.54%	948,627	$60.1M	Add +16.5%
TSM Taiwan Semiconductor-SP ADR	0.54%	263,751	$59.7M	Add +19.5%
UBS UBS Group AG-Reg	0.54%	1,754,446	$59.3M	Add +11.5%
SEE Sealed Air Corp.	0.54%	1,908,782	$59.2M	Add +30.1%
FLEX Flex Ltd.	0.53%	1,170,482	$58.4M	Reduce -24.3%
AVDL Avadel Pharmaceuticals Ltd.	0.52%	6,487,642	$57.4M	Add +14.5%
TAK Takeda Pharmaceutic-SP ADR	0.52%	3,712,278	$57.4M	Add +5.9%
HBI Hanesbrands Inc.	0.51%	12,423,152	$56.9M	Add +51.2%
MOG.A Moog Inc. Class A	0.51%	313,641	$56.8M	Add +19.1%
STT State Street Corp.	0.49%	514,510	$54.7M	Reduce -51.1%
AMX America Movil Sab DE CV	0.49%	3,047,720	$54.7M	Add +2.5%
LH Labcorp Holdings Inc.	0.49%	205,647	$54.0M	Reduce -57.6%
PREMIER INC-CLASS A	0.47%	2,386,361	$52.3M	Reduce -2.2%
AZO AutoZone Inc.	0.47%	14,085	$52.3M	Reduce -14.3%
PBR.A Petroleo Brasil-SP Pref ADR	0.47%	4,510,519	$52.1M	Add +34.4%
OMC Omnicom Group	0.47%	717,946	$51.6M	Add +2.0%
UWMC Uwm Holdings Corp.	0.46%	12,228,813	$50.6M	No change
ABEV Ambev SA-ADR	0.45%	20,606,928	$49.7M	Reduce -1.6%
SNN Smith & Nephew PLC -Spon ADR	0.44%	1,604,400	$49.1M	Add +4.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.44%	1,439,089	$48.6M	Add +37.6%
NTGR Netgear Inc.	0.42%	1,594,211	$46.3M	Reduce -46.5%
PKE Park Aerospace Corp.	0.40%	3,001,732	$44.3M	Add +4.1%
UNH Unitedhealth Group Inc.	0.39%	139,416	$43.5M	Add +39.6%
TTE Totalenergies SE -Spon ADR	0.37%	662,773	$40.7M	Add +2.4%
KNX Knight-Swift Transportation	0.36%	902,669	$39.9M	Add +20.6%
SMG Scotts Miracle-Gro Co.	0.36%	603,941	$39.8M	Add +333.3%
TGT Target Corp.	0.36%	403,675	$39.8M	New
VIV Telefonica Brasil-ADR	0.36%	3,480,597	$39.7M	Add +3.5%
ORN Orion Group Holdings Inc.	0.35%	4,324,589	$39.2M	Add +1.2%
INGR Ingredion Inc.	0.35%	287,313	$39.0M	Reduce -4.5%
KVUE Kenvue Inc.	0.34%	1,798,333	$37.6M	Reduce -38.0%
TKR Timken Co.	0.34%	513,641	$37.3M	Add +358.8%
PHG Koninklijke Philips NVR- NY	0.33%	1,530,918	$36.7M	Add +54.3%
GTES Gates Industrial Corp. UK Ltd.	0.33%	1,583,799	$36.5M	Reduce -5.7%
STM Stmicroelectronics NV-NY SHS	0.31%	1,122,295	$34.1M	Reduce -11.4%
PZZA Papa John's Intl Inc.	0.31%	690,299	$33.8M	Add +271.6%
TFC Truist Financial Corp.	0.30%	760,426	$32.7M	Add +2.5%
ICLR Icon PLC	0.27%	207,533	$30.2M	New
MTX Minerals Technologies Inc.	0.27%	538,073	$29.6M	Add +436.3%
NVS Novartis AG-Sponsored ADR	0.26%	239,282	$29.0M	Add +6.3%
QRVO Qorvo Inc.	0.26%	334,947	$28.4M	Add +3.5%
ETR Entergy Corp.	0.26%	340,972	$28.3M	Reduce -10.7%
FSTR Foster (lb) Co. Class A	0.23%	1,179,015	$25.8M	Add +17.1%
HMC Honda Motor Co. Ltd.-Spons ADR	0.22%	847,314	$24.4M	Add +4.8%
MSM MSC Industrial Direct Co. Class A	0.22%	283,076	$24.1M	Add +14.3%
SHG Shinhan Financial Group-ADR	0.22%	528,135	$23.9M	Add +6.6%
E Eni SPA-Sponsored ADR	0.21%	702,770	$22.8M	Add +5.4%
SAP Sap SE-Sponsored ADR	0.20%	74,013	$22.5M	Add +36.4%
WPP WPP PLC-Sponsored ADR	0.20%	626,371	$21.9M	Add +12.2%
ENIC Enel Chile SA-ADR	0.16%	4,900,227	$17.8M	Reduce -18.3%
UTMD Utah Medical Products Inc.	0.14%	271,322	$15.4M	Add +12.0%
CNH CNH Industrial NV	0.13%	1,125,287	$14.6M	Reduce -11.7%
AOUT American Outdoor Brands Inc.	0.12%	1,219,798	$12.7M	Add +6.5%
UNF Unifirst Corp.	0.11%	66,783	$12.6M	Add +27.7%
MUFG Mitsubishi Ufj Finl-Spon ADR	0.11%	907,346	$12.4M	Add +4.8%
PAHC Phibro Animal Health Corp. Class A	0.09%	375,375	$9.6M	Reduce -22.6%
HCSG Healthcare Services Group	0.08%	614,112	$9.2M	Reduce -63.9%
IPGP Ipg Photonics Corp.	0.08%	133,592	$9.2M	Add +87.8%
MD Pediatrix Medical Group Inc.	0.07%	565,212	$8.1M	Reduce -18.1%
HURC Hurco Companies Inc.	0.07%	423,332	$8.0M	Add +12.2%
LNSR Lensar Inc.	0.07%	563,581	$7.4M	Add +3.5%
NWG Natwest Group PLC -Spon ADR	0.07%	521,284	$7.4M	Reduce -1.3%
CRH CRH PLC	0.06%	75,306	$6.9M	Reduce -32.3%
IPG Interpublic Group of Cos Inc.	0.06%	257,520	$6.3M	Add +9.9%
XRAY Dentsply Sirona Inc.	0.05%	376,662	$6.0M	Add +257.2%
NPK National Presto Inds Inc.	0.05%	58,358	$5.7M	Reduce -26.9%
MOV Movado Group Inc.	0.05%	363,296	$5.5M	New
EBMT Eagle Bancorp Montana Inc.	0.05%	300,216	$5.0M	Add +9.1%
NKSH National Bankshares Inc.	0.04%	177,826	$4.8M	Reduce -21.9%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA	0.04%	58,275	$4.3M	Add +9.0%
TAP Molson Coors Beverage Co. Class B	0.04%	86,888	$4.2M	Add +9.1%
HDB HDFC Bank Ltd.-ADR	0.04%	51,125	$3.9M	Reduce -1.4%
OGN Organon & Co.	0.03%	398,423	$3.9M	Add +77.1%
BAP Credicorp Ltd.	0.03%	15,299	$3.4M	Reduce -31.9%
ARW Arrow Electronics Inc.	0.03%	25,359	$3.2M	Add +7.0%
RGP Resources Connection Inc.	0.03%	590,400	$3.2M	Add +6.9%
FFIV F5 Inc.	0.03%	10,660	$3.1M	Reduce -22.9%
TIMB Tim SA-ADR	0.03%	152,326	$3.1M	Reduce -1.1%
IQV Iqvia Holdings Inc.	0.03%	18,489	$2.9M	New
TLK Telkom Indonesia Persero-ADR filed as P T TELEKOMUNIKASI INDONESIA	0.03%	169,894	$2.9M	Add +2.7%
CFG Citizens Financial Group	0.02%	55,529	$2.5M	Add +15.3%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC	0.02%	39,036	$2.4M	Add +0.1%
NTES Netease Inc.-ADR	0.02%	17,474	$2.4M	Reduce -30.0%
SEIC Sei Investments Company	0.02%	25,311	$2.3M	Add +17.3%
HOLX Hologic Inc.	0.02%	34,413	$2.2M	Add +104.5%
RCI Rogers Communications Inc. Class B	0.02%	71,977	$2.1M	No change
SCHL Scholastic Corp.	0.02%	97,149	$2.0M	Add +124.0%
WHR Whirlpool Corp.	0.02%	19,921	$2.0M	Add +77.4%
ZTO Zto Express Cayman Inc.-ADR	0.02%	108,603	$1.9M	Reduce -95.7%
EXE Expand Energy Corp.	0.02%	16,315	$1.9M	Reduce -18.8%
VBR Vngrd Mrngst SL-CP Val ETF-U	0.02%	8,932	$1.7M	Reduce -69.2%
SUZ Suzano SA - Spon ADR	0.01%	170,535	$1.6M	Add +23.9%
BRC Brady Corporation Class A	0.01%	22,303	$1.5M	New
LEVI Levi Strauss & Co. Class A	0.01%	79,470	$1.5M	Add +17.6%
PBH Prestige Consumer Healthcare	0.01%	18,085	$1.4M	Add +6.0%
AGCO Agco Corp.	0.01%	13,942	$1.4M	Add +23.6%
HTLD Heartland Express Inc.	0.01%	164,904	$1.4M	Add +70.4%
EPAM Epam Systems Inc.	0.01%	7,722	$1.4M	New
FMX Fomento Economico Mex-SP ADR	0.01%	11,946	$1.2M	Reduce -47.4%
SEB Seaboard Corp.	0.01%	421	$1.2M	Add +8.8%
MZTI The Marzetti Company filed as LANCASTER COLONY CORP	0.01%	6,821	$1.2M	Add +25.0%
AVT Avnet Inc.	0.01%	22,191	$1.2M	Add +20.2%
ZBH Zimmer Biomet Holdings Inc.	0.01%	12,765	$1.2M	Add +26.9%
SHC Sotera Health Co.	0.01%	104,362	$1.2M	Add +19.2%
SON Sonoco Products Co.	0.01%	25,874	$1.1M	Add +20.1%
DGX Quest Diagnostics Inc.	0.01%	6,212	$1.1M	Add +5.5%
FTRE Fortrea Holdings Inc.	0.01%	224,272	$1.1M	Add +72.8%
VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP	0.01%	39,573	$1.1M	Add +15.9%
UPS United Parcel Service Class B	0.01%	10,429	$1.1M	Add +57.4%
BTI British American Tob-SP ADR	0.01%	22,204	$1.1M	Reduce -14.1%
HSIC Henry Schein Inc.	0.01%	14,358	$1.0M	Add +24.1%
WTM White Mountains Insurance GP	0.01%	570	$1.0M	Add +10.7%
ORI Old Republic Intl Corp.	0.01%	24,920	$958K	Reduce -26.6%
CPB The Campbell's Company	0.01%	29,434	$902K	Add +41.5%
CNA Cna Financial Corp.	0.01%	18,264	$850K	Add +3.8%
UTHR United Therapeutics Corp.	0.01%	2,409	$692K	Add +32.1%
BUD Anheuser-Busch Inbev-SPN ADR	0.01%	8,987	$618K	Reduce -31.0%
LSTR Landstar System Inc.	0.00%	3,611	$502K	Add +55.4%
DEO Diageo PLC-Sponsored ADR	0.00%	4,290	$433K	Reduce -1.0%
KOF Coca-Cola Femsa Sab-SP ADR	0.00%	3,304	$320K	Reduce -2.1%
GTE Gran Tierra Energy Inc.	0.00%	63,869	$305K	No change

Portfolio Sells Q1 2025 → Q2 2025


MCK McKesson Corp.	Reduce -46.1%	1.17%	−1.08
LH Labcorp Holdings Inc.	Reduce -57.6%	0.49%	−0.66
ZTO Zto Express Cayman Inc.-ADR	Reduce -95.7%	0.02%	−0.50
STT State Street Corp.	Reduce -51.1%	0.49%	−0.46
BRK.B Berkshire Hathaway Inc. Class B	Sold out	0.00%	−0.39
KVUE Kenvue Inc.	Reduce -38.0%	0.34%	−0.37
NTGR Netgear Inc.	Reduce -46.5%	0.42%	−0.32
CTVA Corteva Inc.	Reduce -20.7%	1.57%	−0.31
WTW Willis Towers Watson PLC	Reduce -14.9%	0.65%	−0.30
CSCO Cisco Systems Inc.	Sold out	0.00%	−0.25
CTSH Cognizant Tech Solutions-A	Reduce -3.2%	1.52%	−0.21
BNY Bank of New York Mellon Corp.	Reduce -10.5%	1.27%	−0.20
AIG American International Group	Reduce -2.9%	1.10%	−0.19
LKQ LKQ Corp.	Reduce -2.5%	0.58%	−0.19
AZO AutoZone Inc.	Reduce -14.3%	0.47%	−0.16
GD General Dynamics Corp.	Sold out	0.00%	−0.15
SSNC Ss&c Technologies Holdings	Reduce -5.1%	0.70%	−0.14
WRB WR Berkley Corp.	Reduce -6.3%	0.68%	−0.11
PNC PNC Financial Services Group	Reduce -2.5%	1.25%	−0.11
HCSG Healthcare Services Group	Reduce -63.9%	0.08%	−0.09
WFC Wells Fargo & Co.	Reduce -3.3%	2.02%	−0.09
ETR Entergy Corp.	Reduce -10.7%	0.26%	−0.08
INGR Ingredion Inc.	Reduce -4.5%	0.35%	−0.06
HCA HCA Healthcare Inc.	Reduce -2.1%	1.27%	−0.05
ABEV Ambev SA-ADR	Reduce -1.6%	0.45%	−0.05
VBR Vngrd Mrngst SL-CP Val ETF-U	Reduce -69.2%	0.02%	−0.04
ENIC Enel Chile SA-ADR	Reduce -18.3%	0.16%	−0.04
CRH CRH PLC	Reduce -32.3%	0.06%	−0.04
GOOG Alphabet Inc. Class C	Reduce -5.5%	0.64%	−0.03
BAC Bank of America Corp.	Reduce -2.1%	2.08%	−0.03
MD Pediatrix Medical Group Inc.	Reduce -18.1%	0.07%	−0.03
CNH CNH Industrial NV	Reduce -11.7%	0.13%	−0.03
NWN Northwest Natural Holding Co.	Sold out	0.00%	−0.02
CRD.A Crawford & Company Class A	Sold out	0.00%	−0.02
JPM JPMorgan Chase & Co.	Reduce -8.0%	0.56%	−0.02
NPK National Presto Inds Inc.	Reduce -26.9%	0.05%	−0.02
PAHC Phibro Animal Health Corp. Class A	Reduce -22.6%	0.09%	−0.02
NKSH National Bankshares Inc.	Reduce -21.9%	0.04%	−0.02
IXUS iShares Core Intl Stock ETF	Sold out	0.00%	−0.01
BCS Barclays PLC-Spons ADR	Sold out	0.00%	−0.01
BAP Credicorp Ltd.	Reduce -31.9%	0.03%	−0.01
FMX Fomento Economico Mex-SP ADR	Reduce -47.4%	0.01%	−0.01
WMK Weis Markets Inc.	Sold out	0.00%	−0.01
SXT Sensient Technologies Corp.	Sold out	0.00%	−0.01
FFIV F5 Inc.	Reduce -22.9%	0.03%	−0.01
SKX Skechers USA Inc. Class A	Sold out	0.00%	−0.01
EXE Expand Energy Corp.	Reduce -18.8%	0.02%	−0.01
PREMIER INC-CLASS A	Reduce -2.2%	0.47%	−0.01
NTES Netease Inc.-ADR	Reduce -30.0%	0.02%	−0.00
ORI Old Republic Intl Corp.	Reduce -26.6%	0.01%	−0.00

Portfolio Buys Q1 2025 → Q2 2025


BDX Becton Dickinson and Co.	New	1.36%	+1.36
VTV Vanguard Mrngstr Val ETF-Aui	Add +46191.3%	1.36%	+1.36
OTEX Open Text Corp.	Add +42.8%	2.21%	+0.70
KMT Kennametal Inc.	Add +65.9%	1.69%	+0.63
WLK Westlake Corp.	Add +246.0%	1.00%	+0.57
GRFS Grifols SA-ADR	Add +8.9%	2.29%	+0.43
CAE Cae Inc.	Add +4.4%	3.92%	+0.37
TGT Target Corp.	New	0.36%	+0.36
HXL Hexcel Corp.	Add +49.1%	1.25%	+0.33
CX Cemex Sab-Spons ADR Part Cer	Add +7.7%	2.04%	+0.32
TXT Textron Inc.	Add +19.9%	1.97%	+0.31
SMG Scotts Miracle-Gro Co.	Add +333.3%	0.36%	+0.28
ICLR Icon PLC	New	0.27%	+0.27
ELAN Elanco Animal Health Inc.	Add +11.3%	1.05%	+0.27
TKR Timken Co.	Add +358.8%	0.34%	+0.26
TIGO Millicom Intl Cellular S.A.	Add +2.5%	2.24%	+0.25
NTR Nutrien Ltd.	Add +35.2%	0.86%	+0.25
PZZA Papa John's Intl Inc.	Add +271.6%	0.31%	+0.23
MTX Minerals Technologies Inc.	Add +436.3%	0.27%	+0.20
TSM Taiwan Semiconductor-SP ADR	Add +19.5%	0.54%	+0.17
ORN Orion Group Holdings Inc.	Add +1.2%	0.35%	+0.13
SEE Sealed Air Corp.	Add +30.1%	0.54%	+0.10
PHG Koninklijke Philips NVR- NY	Add +54.3%	0.33%	+0.08
AVDL Avadel Pharmaceuticals Ltd.	Add +14.5%	0.52%	+0.07
AMX America Movil Sab DE CV	Add +2.5%	0.49%	+0.06
VIV Telefonica Brasil-ADR	Add +3.5%	0.36%	+0.06
SAP Sap SE-Sponsored ADR	Add +36.4%	0.20%	+0.06
SHG Shinhan Financial Group-ADR	Add +6.6%	0.22%	+0.05
MOV Movado Group Inc.	New	0.05%	+0.05
MOG.A Moog Inc. Class A	Add +19.1%	0.51%	+0.05
UBS UBS Group AG-Reg	Add +11.5%	0.54%	+0.05
XRAY Dentsply Sirona Inc.	Add +257.2%	0.05%	+0.04
IPGP Ipg Photonics Corp.	Add +87.8%	0.08%	+0.04
HBI Hanesbrands Inc.	Add +51.2%	0.51%	+0.03
FSTR Foster (lb) Co. Class A	Add +17.1%	0.23%	+0.03
GOOGL Alphabet Inc. Class A	Add +3.6%	0.63%	+0.03
KNX Knight-Swift Transportation	Add +20.6%	0.36%	+0.03
IQV Iqvia Holdings Inc.	New	0.03%	+0.03
PBR.A Petroleo Brasil-SP Pref ADR	Add +34.4%	0.47%	+0.03
MSM MSC Industrial Direct Co. Class A	Add +14.3%	0.22%	+0.02
UNF Unifirst Corp.	Add +27.7%	0.11%	+0.02
QRVO Qorvo Inc.	Add +3.5%	0.26%	+0.02
BRC Brady Corporation Class A	New	0.01%	+0.01
HURC Hurco Companies Inc.	Add +12.2%	0.07%	+0.01
EPAM Epam Systems Inc.	New	0.01%	+0.01
SCHL Scholastic Corp.	Add +124.0%	0.02%	+0.01
HOLX Hologic Inc.	Add +104.5%	0.02%	+0.01
WHR Whirlpool Corp.	Add +77.4%	0.02%	+0.01
NVS Novartis AG-Sponsored ADR	Add +6.3%	0.26%	+0.01
PKE Park Aerospace Corp.	Add +4.1%	0.40%	+0.01

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