Capital International Investors
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Capital International Investors reported 447 stock positions worth $635.3 billion. Its top holding was Broadcom (AVGO) at 7.7% of the portfolio, followed by Microsoft (MSFT, 6.2%) and Alphabet Class C (GOOG, 4.2%). Compared with Q3 2025, it opened 36 new positions, sold out of 31, added to 229 and reduced 141. The biggest buy was Apple (AAPL, shares +28%) and the biggest sale Constellation Energy (CEG, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- Los Angeles, CA
- CIK
- 0001562230
- Portfolio Value
- $635.3B (Q4 2025)
- SEC Filing
- 0001562230-26-000005 ↗ filed Feb 11, 2026
Holdings Value
Holdings 447 stocks · $635.3B
| AVGO Broadcom Inc. | 7.73% | 141,864,077 | $49.1B | Reduce -3.1% |
| MSFT Microsoft Corp. | 6.21% | 81,585,381 | $39.5B | Add +2.8% |
| GOOG Alphabet Inc. Class C | 4.16% | 84,244,686 | $26.4B | Reduce -2.3% |
| AAPL Apple Inc. | 3.07% | 71,822,415 | $19.5B | Add +28.2% |
| NVDA Nvidia Corp. | 3.05% | 103,774,772 | $19.4B | Add +1.7% |
| META Meta Platforms Inc. Class A | 2.67% | 25,713,823 | $17.0B | Add +5.0% |
| PM Philip Morris International | 2.56% | 101,377,875 | $16.3B | Add +13.7% |
| AMZN Amazon.com Inc. | 2.53% | 69,579,830 | $16.1B | Add +8.9% |
| GE General Electric filed as GE AEROSPACE | 2.03% | 41,885,324 | $12.9B | Reduce -6.6% |
| GOOGL Alphabet Inc. Class A | 1.73% | 35,174,241 | $11.0B | Reduce -4.7% |
| LLY Eli Lilly & Co. | 1.67% | 9,869,380 | $10.6B | Reduce -1.3% |
| MA Mastercard Inc. Class A | 1.61% | 17,964,658 | $10.3B | Add +4.4% |
| RCL Royal Caribbean Cruises Ltd. | 1.59% | 36,165,358 | $10.1B | Add +9.8% |
| WELL Welltower Inc. | 1.39% | 47,431,769 | $8.8B | Add +2.0% |
| TDG Transdigm Group Inc. | 1.37% | 6,544,423 | $8.7B | Add +0.8% |
| JPM JPMorgan Chase & Co. | 1.35% | 26,626,025 | $8.6B | Reduce -5.4% |
| RTX RTX Corp. | 1.29% | 44,512,309 | $8.2B | Reduce -18.9% |
| ABT Abbott Laboratories | 1.25% | 63,229,445 | $7.9B | Add +2.6% |
| TSM Taiwan Semiconductor-SP ADR | 1.23% | 25,658,661 | $7.8B | Add +0.1% |
| V Visa Inc. Class A | 1.19% | 21,516,371 | $7.5B | Add +1.1% |
| KLAC KLA Corp. | 1.04% | 5,450,833 | $6.6B | Reduce -4.8% |
| NOC Northrop Grumman Corp. | 1.03% | 11,477,634 | $6.5B | Reduce -2.4% |
| MU Micron Technology Inc. | 0.99% | 22,056,387 | $6.3B | Reduce -5.6% |
| SHOP Shopify Inc. Class A | 0.97% | 38,343,155 | $6.2B | Reduce -0.7% |
| UNH Unitedhealth Group Inc. | 0.97% | 18,655,111 | $6.2B | Add +6.6% |
| CRM Salesforce Inc. | 0.95% | 22,721,010 | $6.0B | Add +13.3% |
| AMGN Amgen Inc. | 0.94% | 18,186,270 | $6.0B | Reduce -5.3% |
| CEG Constellation Energy | 0.94% | 16,813,303 | $5.9B | Reduce -35.6% |
| TFC Truist Financial Corp. | 0.84% | 108,358,164 | $5.3B | Add +0.7% |
| KKR KKR & Co. Inc. | 0.75% | 37,169,932 | $4.7B | Add +18.6% |
| ACN Accenture PLC Class A | 0.74% | 17,471,554 | $4.7B | Add +2.0% |
| MDLZ Mondelez International Inc. Class A | 0.74% | 86,943,586 | $4.7B | Add +10.7% |
| SRE Sempra | 0.72% | 51,777,703 | $4.6B | Reduce -4.2% |
| COP Conocophillips | 0.71% | 48,360,060 | $4.5B | Add +6.0% |
| DHR Danaher Corp. | 0.66% | 18,246,008 | $4.2B | Add +8.9% |
| IR Ingersoll-Rand Inc. | 0.65% | 52,353,914 | $4.1B | Add +4.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.57% | 3,409,421 | $3.6B | Reduce -13.0% |
| MS Morgan Stanley | 0.57% | 20,544,097 | $3.6B | Reduce -24.8% |
| B Barrick Mining Corp. | 0.57% | 83,673,678 | $3.6B | Reduce -17.8% |
| BTI British American Tob-SP ADR | 0.57% | 64,389,481 | $3.6B | Add +0.5% |
| MRSH Marsh & McLennan Cos | 0.55% | 18,766,815 | $3.5B | Add +0.9% |
| MELI MercadoLibre Inc. | 0.55% | 1,725,125 | $3.5B | Add +7.3% |
| TTE Totalenergies SE | 0.54% | 52,668,676 | $3.4B | Add +1438.5% |
| PGR Progressive Corp. | 0.53% | 14,921,724 | $3.4B | Add +8.9% |
| PAYX Paychex Inc. | 0.53% | 30,265,174 | $3.4B | Add +59.1% |
| CNP Centerpoint Energy Inc. | 0.52% | 86,030,252 | $3.3B | Reduce -1.3% |
| LIN Linde PLC | 0.51% | 7,610,387 | $3.2B | Add +20.1% |
| APH Amphenol Corp. Class A | 0.50% | 23,680,749 | $3.2B | Add +31.5% |
| APD Air Products & Chemicals Inc. | 0.50% | 12,792,580 | $3.2B | Add +44.2% |
| MSTR Strategy Inc. | 0.49% | 20,614,868 | $3.1B | Add +37.3% |
| TMUS T-Mobile US Inc. | 0.47% | 14,847,697 | $3.0B | Add +8.2% |
| YUM Yum! Brands Inc. | 0.46% | 19,419,826 | $2.9B | Add +20.0% |
| XOM Exxon Mobil Corp. | 0.45% | 23,993,545 | $2.9B | Reduce -0.9% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.45% | 39,929,929 | $2.9B | Add +6.6% |
| FTAI Ftai Aviation Ltd. | 0.43% | 13,731,430 | $2.7B | Reduce -1.2% |
| ABBV Abbvie Inc. | 0.42% | 11,692,765 | $2.7B | Add +9.2% |
| RBLX Roblox Corp. Class A | 0.41% | 31,953,301 | $2.6B | Add +7.3% |
| DB Deutsche Bank AG-Registered | 0.41% | 66,506,600 | $2.6B | Reduce -19.4% |
| IP International Paper Co. | 0.39% | 63,413,335 | $2.5B | Add +29.4% |
| PNC PNC Financial Services Group | 0.39% | 11,936,742 | $2.5B | Add +10.2% |
| NFLX Netflix Inc. | 0.39% | 26,461,233 | $2.5B | Reduce -19.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.39% | 15,986,573 | $2.5B | Add +2.0% |
| BURL Burlington Stores Inc. | 0.39% | 8,477,806 | $2.4B | Reduce -1.5% |
| WFC Wells Fargo & Co. | 0.38% | 25,557,973 | $2.4B | Reduce -28.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.37% | 42,862,620 | $2.4B | New |
| CVS CVS Health Corp. | 0.34% | 27,592,356 | $2.2B | Add +3.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.34% | 4,733,596 | $2.1B | Add +0.9% |
| BLK BlackRock Inc. | 0.33% | 1,976,762 | $2.1B | Add +7.4% |
| UAL United Airlines Holdings Inc. | 0.32% | 18,199,969 | $2.0B | Reduce -17.3% |
| ATO Atmos Energy Corp. | 0.31% | 11,893,826 | $2.0B | Add +8.5% |
| ATI Ati Inc. | 0.31% | 17,095,803 | $2.0B | Reduce -0.3% |
| HD Home Depot Inc. | 0.28% | 5,081,712 | $1.7B | Add +2.6% |
| FLUT Flutter Entertainment PLC-Di | 0.27% | 8,039,066 | $1.7B | Add +146.8% |
| DAL Delta Air Lines Inc. | 0.26% | 24,211,101 | $1.7B | Add +4.4% |
| CMG Chipotle Mexican Grill Inc. | 0.26% | 45,294,212 | $1.7B | Add +17.6% |
| KO The Coca-Cola Co. | 0.26% | 23,726,183 | $1.7B | Add +11.0% |
| HSY The Hershey Co. | 0.26% | 9,106,431 | $1.7B | Add +1.9% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.26% | 6,280,455 | $1.6B | Reduce -12.7% |
| TOST Toast Inc. Class A | 0.25% | 45,391,459 | $1.6B | Reduce -6.3% |
| NOW ServiceNow Inc. | 0.25% | 10,393,373 | $1.6B | Reduce -0.8% |
| SPGI S&P Global Inc. | 0.25% | 3,037,912 | $1.6B | Add +43.6% |
| WSO Watsco Inc. | 0.25% | 4,642,893 | $1.6B | Add +103.1% |
| ONC Beone Medicines Ltd.-ADR | 0.24% | 5,113,866 | $1.6B | Add +1.3% |
| JNJ Johnson & Johnson | 0.24% | 7,471,031 | $1.5B | Add +93.3% |
| ITT Itt Inc. | 0.24% | 8,797,165 | $1.5B | Add +3.0% |
| CGHM Cap Group Muni High-Income | 0.24% | 59,363,041 | $1.5B | Add +1.5% |
| HUM Humana Inc. | 0.23% | 5,818,008 | $1.5B | Add +113.9% |
| TRP TC Energy Corp. | 0.23% | 26,188,429 | $1.4B | Reduce -12.0% |
| APO Apollo Global Management Inc. | 0.23% | 9,956,181 | $1.4B | Reduce -7.0% |
| EFX Equifax Inc. | 0.22% | 6,438,868 | $1.4B | Reduce -38.3% |
| LII Lennox International Inc. | 0.22% | 2,853,658 | $1.4B | Add +91.3% |
| MTD Mettler-Toledo International | 0.21% | 969,067 | $1.4B | Add +12.7% |
| AZN Astrazeneca PLC-Spons ADR | 0.21% | 14,521,078 | $1.3B | Reduce -42.0% |
| GEV GE Vernova Inc. | 0.21% | 2,036,234 | $1.3B | Reduce -59.9% |
| SBUX Starbucks Corp. | 0.21% | 15,758,440 | $1.3B | Add +7.3% |
| CARR Carrier Global Corp. | 0.21% | 24,902,054 | $1.3B | Reduce -57.0% |
| MAR Marriott International Class A | 0.20% | 4,107,531 | $1.3B | Add +7.1% |
| CGMU Cap Group Municipal Income | 0.20% | 46,328,510 | $1.3B | Add +1.6% |
| NCLH Norwegian Cruise Line Holdin | 0.20% | 56,177,669 | $1.3B | Add +7.1% |
| CAT Caterpillar Inc. | 0.19% | 2,138,909 | $1.2B | New |
Other holdings (7): bonds, preferreds, convertibles and warrants · $2.7B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 13,880,658 | $809.0M | Add +6.7% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 14,613,757 | $757.6M | Add +31.1% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 10,119,545 | $698.9M | Add +0.1% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 2,092,400 | $164.8M | Add +0.4% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 2,159,420 | $163.1M | Add +122.5% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 1,957,900 | $80.3M | Reduce -42.0% |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | 14,613,000 | $12.0M | New |
Total filed on the 13F, all lines: $638.0B.
Portfolio Sells Q3 2025 → Q4 2025
| CEG Constellation Energy | Reduce -35.6% | 0.94% | −0.46 |
| URI United Rentals Inc. | Reduce -81.0% | 0.08% | −0.44 |
| CARR Carrier Global Corp. | Reduce -57.0% | 0.21% | −0.35 |
| CHTR Charter Communications Inc. Class A | Reduce -71.3% | 0.09% | −0.32 |
| EA Electronic Arts Inc. | Reduce -100.0% | 0.00% | −0.32 |
| GEV GE Vernova Inc. | Reduce -59.9% | 0.21% | −0.30 |
| NFLX Netflix Inc. | Reduce -19.0% | 0.39% | −0.24 |
| DAY Dayforce Inc. | Sold out | 0.00% | −0.21 |
| EFX Equifax Inc. | Reduce -38.3% | 0.22% | −0.21 |
| RTX RTX Corp. | Reduce -18.9% | 1.29% | −0.20 |
| GE General Electric | Reduce -6.6% | 2.03% | −0.15 |
| SO The Southern Co. | Reduce -42.8% | 0.15% | −0.15 |
| NOC Northrop Grumman Corp. | Reduce -2.4% | 1.03% | −0.13 |
| MS Morgan Stanley | Reduce -24.8% | 0.57% | −0.13 |
| CTVA Corteva Inc. | Reduce -92.8% | 0.01% | −0.12 |
| WFC Wells Fargo & Co. | Reduce -28.1% | 0.38% | −0.11 |
| AJG Arthur J Gallagher & Co. | Reduce -12.7% | 0.26% | −0.11 |
| AVGO Broadcom Inc. | Reduce -3.1% | 7.73% | −0.10 |
| VICI Vici Properties Inc. | Sold out | 0.00% | −0.10 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -42.0% | 0.21% | −0.10 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.10 |
| BKNG Booking Holdings Inc. | Reduce -58.3% | 0.06% | −0.09 |
| JPM JPMorgan Chase & Co. | Reduce -5.4% | 1.35% | −0.09 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -46.9% | 0.11% | −0.08 |
| RACE Ferrari NV | Reduce -60.1% | 0.04% | −0.08 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.08 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -36.7% | 0.09% | −0.07 |
| SRE Sempra | Reduce -4.2% | 0.72% | −0.07 |
| ELV Elevance Health Inc. | Reduce -46.3% | 0.09% | −0.07 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.06 |
| DB Deutsche Bank AG-Registered | Reduce -19.4% | 0.41% | −0.06 |
| NOW ServiceNow Inc. | Reduce -0.8% | 0.25% | −0.06 |
| AMX America Movil Sab DE CV | Reduce -28.3% | 0.13% | −0.06 |
| BX Blackstone Inc. | Reduce -31.4% | 0.09% | −0.06 |
| BMY Bristol-Myers Squibb Co. | Reduce -35.2% | 0.18% | −0.06 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.05 |
| PCG P G & E Corp. | Reduce -64.0% | 0.03% | −0.05 |
| SAND Sandstorm Gold Ltd. | Sold out | 0.00% | −0.05 |
| TXN Texas Instruments Inc. | Reduce -25.5% | 0.11% | −0.05 |
| SHW The Sherwin-Williams Co. | Reduce -24.5% | 0.10% | −0.05 |
| DRI Darden Restaurants Inc. | Reduce -77.3% | 0.01% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -23.1% | 0.11% | −0.05 |
| PCAR Paccar Inc. | Sold out | 0.00% | −0.04 |
| DDOG Datadog Inc. Class A | Reduce -85.0% | 0.01% | −0.04 |
| ADI Analog Devices Inc. | Reduce -56.4% | 0.04% | −0.04 |
| ETR Entergy Corp. | Reduce -34.8% | 0.07% | −0.04 |
| TEAM Atlassian Corp. Class A | Reduce -45.3% | 0.05% | −0.04 |
| VST Vistra Corp. | Reduce -81.5% | 0.01% | −0.04 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -13.0% | 0.57% | −0.04 |
| BAM Brookfield Asset Mgmt-A | Reduce -17.2% | 0.11% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| AAPL Apple Inc. | Add +28.2% | 3.07% | +0.76 |
| TTE Totalenergies SE | Add +1438.5% | 0.54% | +0.51 |
| BAC Bank of America Corp. | New | 0.37% | +0.37 |
| AMZN Amazon.com Inc. | Add +8.9% | 2.53% | +0.25 |
| PM Philip Morris International | Add +13.7% | 2.56% | +0.22 |
| CAT Caterpillar Inc. | New | 0.19% | +0.19 |
| CRM Salesforce Inc. | Add +13.3% | 0.95% | +0.18 |
| PSA Public Storage | Add +821.4% | 0.17% | +0.15 |
| PAYX Paychex Inc. | Add +59.1% | 0.53% | +0.14 |
| APH Amphenol Corp. Class A | Add +31.5% | 0.50% | +0.14 |
| FLUT Flutter Entertainment PLC-Di | Add +146.8% | 0.27% | +0.14 |
| JNJ Johnson & Johnson | Add +93.3% | 0.24% | +0.13 |
| HUM Humana Inc. | Add +113.9% | 0.23% | +0.12 |
| DHR Danaher Corp. | Add +8.9% | 0.66% | +0.12 |
| EXC Exelon Corp. | New | 0.12% | +0.12 |
| APD Air Products & Chemicals Inc. | Add +44.2% | 0.50% | +0.11 |
| VRSK Verisk Analytics Inc. | Add +1200.9% | 0.11% | +0.10 |
| WSO Watsco Inc. | Add +103.1% | 0.25% | +0.10 |
| WMT Walmart Inc. | New | 0.09% | +0.09 |
| OKE Oneok Inc. | New | 0.09% | +0.09 |
| LII Lennox International Inc. | Add +91.3% | 0.22% | +0.09 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +6.6% | 0.45% | +0.09 |
| KKR KKR & Co. Inc. | Add +18.6% | 0.75% | +0.09 |
| SPGI S&P Global Inc. | Add +43.6% | 0.25% | +0.08 |
| KDP Keurig Dr Pepper Inc. | Add +1987.4% | 0.07% | +0.07 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.1% | 1.23% | +0.07 |
| KVYO Klaviyo Inc. Class A | New | 0.07% | +0.07 |
| YUM Yum! Brands Inc. | Add +20.0% | 0.46% | +0.06 |
| AMT American Tower Corp. | Add +157.0% | 0.11% | +0.06 |
| BRO Brown & Brown Inc. | New | 0.06% | +0.06 |
| AMCR Amcor PLC | New | 0.06% | +0.06 |
| ACN Accenture PLC Class A | Add +2.0% | 0.74% | +0.05 |
| RGLD Royal Gold Inc. | New | 0.05% | +0.05 |
| ALGN Align Technology Inc. | Add +52.2% | 0.11% | +0.05 |
| DAL Delta Air Lines Inc. | Add +4.4% | 0.26% | +0.05 |
| TT Trane Technologies PLC | New | 0.05% | +0.05 |
| SPXC SPX Technologies Inc. | New | 0.05% | +0.05 |
| EXR Extra Space Storage Inc. | Add +73.9% | 0.13% | +0.05 |
| STZ Constellation Brands Inc. Class A | Add +48.5% | 0.14% | +0.05 |
| BLD Topbuild Corp. | Add +71.1% | 0.10% | +0.04 |
| WELL Welltower Inc. | Add +2.0% | 1.39% | +0.04 |
| TFC Truist Financial Corp. | Add +0.7% | 0.84% | +0.04 |
| MTD Mettler-Toledo International | Add +12.7% | 0.21% | +0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Add +0.9% | 0.34% | +0.04 |
| PNC PNC Financial Services Group | Add +10.2% | 0.39% | +0.04 |
| MAR Marriott International Class A | Add +7.1% | 0.20% | +0.04 |
| SLB SLB Ltd. | Add +86.9% | 0.07% | +0.04 |
| TSEM Tower Semiconductor Ltd. | New | 0.04% | +0.04 |
| WCN Waste Connections Inc. | Add +28.1% | 0.18% | +0.03 |
| PAAS Pan American Silver Corp. | New | 0.03% | +0.03 |
Notes & Other Activity Q3 2025 → Q4 2025
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Add +6.7% | 13,880,658 | $809.0M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Add +31.1% | 14,613,757 | $757.6M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +0.1% | 10,119,545 | $698.9M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Add +0.4% | 2,092,400 | $164.8M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Add +122.5% | 2,159,420 | $163.1M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Reduce -42.0% | 1,957,900 | $80.3M |
| STRATEGY INC (MSTR 0 12/01/29) | NOTE 12/0 · principal | New | 14,613,000 | $12.0M |
| MNTSW Momentus Inc.-CW26 | *W EXP 08/12/202 | Sold out | 2,225,000 | $55Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 438 | $480.4B | AVGO, MSFT, NVDA, GOOG, PM |
| Q1 2026 | 431 | $425.0B | AVGO, MSFT, NVDA, GOOG, PM |
| Q4 2025 | 447 | $635.3B | AVGO, MSFT, GOOG, AAPL, NVDA |
| Q3 2025 | 441 | $617.0B | AVGO, MSFT, GOOG, NVDA, META |
| Q2 2025 | 435 | $577.8B | AVGO, MSFT, META, GOOG, PM |
| Q1 2025 | 433 | $506.3B | MSFT, AVGO, PM, GOOG, META |
| Q4 2024 | 448 | $531.2B | AVGO, MSFT, GOOG, META, AAPL |
| Q3 2024 | 434 | $520.8B | MSFT, AVGO, META, GOOG, AAPL |
| Q2 2024 | 435 | $485.6B | MSFT, AVGO, GOOG, META, AAPL |
| Q1 2024 | 428 | $493.7B | MSFT, AVGO, META, GOOG, GE |