GQG Partners LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), GQG Partners LLC reported 92 stock positions worth $67.4 billion. Its top holding was Philip Morris International (PM) at 8.7% of the portfolio, followed by Meta Platforms Class A (META, 8.1%) and Eli Lilly (LLY, 5.2%). Compared with Q3 2024, it opened 26 new positions, sold out of 12, added to 31 and reduced 32. The biggest buy was Nvidia (NVDA, shares +132%) and the biggest sale Coca-Cola (KO, shares −81%).
- Most Recent 13F
- Q2 2026
- Location
- FT. LAUDERDALE, FL
- CIK
- 0001697233
- Portfolio Value
- $67.4B (Q4 2024)
- SEC Filing
- 0001062993-25-002114 ↗ filed Feb 11, 2025
Holdings Value
Holdings 92 stocks · $67.4B
| PM Philip Morris International | 8.71% | 48,746,809 | $5.9B | Add +14.3% |
| META Meta Platforms Inc. Class A | 8.10% | 9,317,553 | $5.5B | Reduce -10.6% |
| LLY Eli Lilly & Co. | 5.20% | 4,534,964 | $3.5B | Reduce -5.7% |
| NVDA Nvidia Corp. | 5.12% | 25,697,930 | $3.5B | Add +132.3% |
| ENB Enbridge Inc. | 4.68% | 74,290,740 | $3.2B | Add +2.0% |
| PBR Petroleo Brasileiro-Spon ADR | 4.53% | 237,236,034 | $3.1B | Add +2.6% |
| APP AppLovin Corp. Class A | 4.06% | 8,438,557 | $2.7B | Reduce -12.1% |
| MSFT Microsoft Corp. | 3.96% | 6,337,902 | $2.7B | Add +53.0% |
| AVGO Broadcom Inc. | 3.51% | 10,213,160 | $2.4B | Add +200.0% |
| T AT&T Inc. | 3.27% | 96,779,385 | $2.2B | Add +37.3% |
| IBN Icici Bank Ltd.-Spon ADR | 2.84% | 64,185,627 | $1.9B | Add +7.7% |
| AMZN Amazon.com Inc. | 2.58% | 7,922,215 | $1.7B | Add +5.2% |
| UNH Unitedhealth Group Inc. | 2.57% | 3,425,564 | $1.7B | Reduce -7.8% |
| NFLX Netflix Inc. | 2.52% | 1,905,043 | $1.7B | Add +15.4% |
| TSM Taiwan Semiconductor-SP ADR | 2.29% | 7,819,269 | $1.5B | Add +11.0% |
| V Visa Inc. Class A | 2.10% | 4,487,285 | $1.4B | Reduce -14.7% |
| AEP American Electric Power | 2.06% | 15,060,525 | $1.4B | Add +3.7% |
| GOOG Alphabet Inc. Class C | 2.04% | 7,225,721 | $1.4B | Add +181679.1% |
| PGR Progressive Corp. | 1.84% | 5,171,501 | $1.2B | Add +67.6% |
| CB Chubb Ltd. | 1.82% | 4,429,720 | $1.2B | Add +36.3% |
| SO The Southern Co. | 1.81% | 14,802,254 | $1.2B | Reduce -10.6% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.66% | 12,994,533 | $1.1B | Add +74.7% |
| CI The Cigna Group | 1.65% | 4,021,582 | $1.1B | Add +22.4% |
| WMT Walmart Inc. | 1.59% | 11,890,765 | $1.1B | Reduce -27.0% |
| PG The Procter & Gamble Co. | 1.33% | 5,329,268 | $893.5M | Reduce -44.7% |
| ALL Allstate Corp. | 1.24% | 4,316,516 | $832.2M | Add +64.1% |
| MRVL Marvell Technology Inc. | 1.19% | 7,264,921 | $802.4M | New |
| SPOT Spotify Technology SA | 1.19% | 1,789,809 | $800.7M | New |
| NEE Nextera Energy Inc. | 1.16% | 10,883,704 | $780.3M | Reduce -14.9% |
| SNOW Snowflake Inc. | 1.11% | 4,860,902 | $750.6M | New |
| RY Royal Bank of Canada | 1.04% | 5,796,767 | $698.6M | Add +0.9% |
| MELI MercadoLibre Inc. | 0.94% | 373,963 | $635.9M | Reduce -30.9% |
| GOOGL Alphabet Inc. Class A | 0.93% | 3,322,809 | $629.0M | New |
| ISRG Intuitive Surgical Inc. | 0.89% | 1,145,300 | $597.8M | Add +42.5% |
| HDB HDFC Bank Ltd.-ADR | 0.75% | 7,883,347 | $503.4M | Add +74.4% |
| VZ Verizon Communications Inc. | 0.73% | 12,343,800 | $493.6M | Reduce -50.1% |
| AXON Axon Enterprise Inc. | 0.71% | 804,867 | $478.3M | New |
| KO The Coca-Cola Co. | 0.65% | 6,997,188 | $435.6M | Reduce -81.5% |
| CL Colgate-Palmolive Co. | 0.59% | 4,361,315 | $396.5M | Reduce -53.3% |
| TRGP Targa Resources Corp. | 0.58% | 2,203,560 | $393.3M | New |
| UL Unilever PLC | 0.55% | 6,496,305 | $368.3M | Reduce -35.9% |
| ABEV Ambev SA-ADR | 0.54% | 196,676,003 | $363.9M | Add +51.9% |
| KKR KKR & Co. Inc. | 0.48% | 2,202,368 | $325.8M | New |
| HOOD Robinhood Markets Inc. Class A | 0.45% | 8,113,929 | $302.3M | New |
| AZN Astrazeneca PLC-Spons ADR | 0.43% | 4,375,340 | $286.7M | Reduce -20.1% |
| RDDT Reddit Inc. Class A | 0.40% | 1,661,400 | $271.5M | New |
| BTI British American Tob-SP ADR | 0.32% | 6,007,549 | $218.2M | Reduce -56.2% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.22% | 1,590,274 | $150.6M | Reduce -19.9% |
| OKE Oneok Inc. | 0.18% | 1,235,012 | $124.0M | Add +217.2% |
| GLOB Globant SA | 0.13% | 395,979 | $84.9M | New |
| SAP Sap SE-Sponsored ADR | 0.10% | 285,624 | $70.3M | Add +1.8% |
| MMYT Makemytrip Ltd. | 0.09% | 538,521 | $60.5M | New |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.07% | 9,269,375 | $46.0M | Add +33.0% |
| BAP Credicorp Ltd. | 0.06% | 219,219 | $40.2M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.06% | 66,806 | $39.2M | Add +2235.1% |
| IMO Imperial Oil Ltd. | 0.06% | 610,594 | $37.6M | Reduce -62.0% |
| RDY Dr. Reddy's Laboratories-ADR | 0.05% | 2,008,759 | $31.7M | Reduce -8.1% |
| SE Sea Ltd.-ADR | 0.04% | 269,444 | $28.6M | New |
| MO Altria Group Inc. | 0.02% | 226,748 | $11.9M | New |
| MA Mastercard Inc. Class A | 0.02% | 20,587 | $10.8M | No change |
| BANCOLOMBIA S.A.-SPONS ADR | 0.01% | 308,611 | $9.7M | New |
| ORCL Oracle Corp. | 0.01% | 54,534 | $9.1M | Add +188.0% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.01% | 172,913 | $8.6M | Add +129.5% |
| XOM Exxon Mobil Corp. | 0.01% | 66,102 | $7.1M | Reduce -99.4% |
| STT State Street Corp. | 0.01% | 68,228 | $6.7M | New |
| CME Cme Group Inc. | 0.01% | 28,356 | $6.6M | Reduce -98.6% |
| CMS CMS Energy Corp. | 0.01% | 94,026 | $6.3M | Reduce -97.2% |
| DUK Duke Energy Corp. | 0.01% | 57,005 | $6.1M | Reduce -98.7% |
| TTE Totalenergies SE -Spon ADR | 0.01% | 108,413 | $5.9M | Reduce -65.2% |
| MRK Merck & Co. Inc. | 0.01% | 57,933 | $5.8M | Reduce -93.6% |
| CNQ Canadian Natural Resources | 0.01% | 184,371 | $5.7M | New |
| FTS Fortis Inc. | 0.01% | 132,648 | $5.5M | Reduce -4.7% |
| BABA Alibaba Group Holding-SP ADR | 0.01% | 59,497 | $5.0M | New |
| PDD PDD Holdings Inc. | 0.01% | 52,012 | $5.0M | New |
| JD Jd.com Inc.-ADR | 0.01% | 144,719 | $5.0M | New |
| AIG American International Group | 0.01% | 56,590 | $4.1M | No change |
| TMUS T-Mobile US Inc. | 0.01% | 18,533 | $4.1M | No change |
| IWB iShares Russell 1000 ETF | 0.01% | 11,646 | $3.8M | Add +1554.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.01% | 94,045 | $3.6M | Reduce -99.1% |
| MFC Manulife Financial Corp. | 0.01% | 114,503 | $3.5M | Add +0.0% |
| BMY Bristol-Myers Squibb Co. | 0.00% | 52,856 | $3.0M | New |
| E Eni SPA-Sponsored ADR | 0.00% | 106,870 | $2.9M | Reduce -1.3% |
| GS Goldman Sachs Group Inc. | 0.00% | 4,870 | $2.8M | New |
| AWK American Water Works Co. Inc. | 0.00% | 20,335 | $2.5M | New |
| ACWI iShares MSCI Acwi ETF | 0.00% | 15,480 | $1.8M | New |
| CCL Carnival Corp. | 0.00% | 62,805 | $1.6M | New |
| NGG National Grid PLC-SP ADR | 0.00% | 17,863 | $1.1M | Add +234.7% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.00% | 3,062 | $826K | New |
| SHEL Shell PLC-ADR | 0.00% | 6,694 | $419K | Reduce -4.6% |
| AAPL Apple Inc. | 0.00% | 1,363 | $341K | Reduce -28.8% |
| NVS Novartis AG-Sponsored ADR | 0.00% | 3,456 | $336K | Reduce -6.0% |
| JNJ Johnson & Johnson | 0.00% | 1,635 | $236K | Reduce -99.9% |
Portfolio Sells Q3 2024 → Q4 2024
| KO The Coca-Cola Co. | Reduce -81.5% | 0.65% | −3.61 |
| XOM Exxon Mobil Corp. | Reduce -99.4% | 0.01% | −2.16 |
| LLY Eli Lilly & Co. | Reduce -5.7% | 5.20% | −1.48 |
| PG The Procter & Gamble Co. | Reduce -44.7% | 1.33% | −1.29 |
| META Meta Platforms Inc. Class A | Reduce -10.6% | 8.10% | −1.25 |
| VZ Verizon Communications Inc. | Reduce -50.1% | 0.73% | −1.01 |
| CL Colgate-Palmolive Co. | Reduce -53.3% | 0.59% | −0.93 |
| UNH Unitedhealth Group Inc. | Reduce -7.8% | 2.57% | −0.83 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −0.80 |
| MELI MercadoLibre Inc. | Reduce -30.9% | 0.94% | −0.80 |
| DUK Duke Energy Corp. | Reduce -98.7% | 0.01% | −0.78 |
| CME Cme Group Inc. | Reduce -98.6% | 0.01% | −0.71 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.70 |
| SLB SLB Ltd. | Reduce -99.1% | 0.01% | −0.65 |
| CBOE Cboe Global Markets Inc. | Sold out | 0.00% | −0.59 |
| NEE Nextera Energy Inc. | Reduce -14.9% | 1.16% | −0.54 |
| SO The Southern Co. | Reduce -10.6% | 1.81% | −0.53 |
| UL Unilever PLC | Reduce -35.9% | 0.55% | −0.49 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.47 |
| WMT Walmart Inc. | Reduce -27.0% | 1.59% | −0.47 |
| BTI British American Tob-SP ADR | Reduce -56.2% | 0.32% | −0.46 |
| JNJ Johnson & Johnson | Reduce -99.9% | 0.00% | −0.38 |
| CMS CMS Energy Corp. | Reduce -97.2% | 0.01% | −0.37 |
| VALE Vale SA-SP ADR | Sold out | 0.00% | −0.33 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -20.1% | 0.43% | −0.24 |
| EC Ecopetrol SA-Sponsored ADR | Sold out | 0.00% | −0.17 |
| V Visa Inc. Class A | Reduce -14.7% | 2.10% | −0.16 |
| MRK Merck & Co. Inc. | Reduce -93.6% | 0.01% | −0.15 |
| IMO Imperial Oil Ltd. | Reduce -62.0% | 0.06% | −0.12 |
| KSPI JSC Kaspi.kz ADR | Reduce -19.9% | 0.22% | −0.11 |
| TTE Totalenergies SE -Spon ADR | Reduce -65.2% | 0.01% | −0.02 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.01 |
| RDY Dr. Reddy's Laboratories-ADR | Reduce -8.1% | 0.05% | −0.01 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.01 |
| YPF YPF S.A.-Sponsored ADR | Sold out | 0.00% | −0.00 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.00 |
| FTS Fortis Inc. | Reduce -4.7% | 0.01% | −0.00 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.00 |
| E Eni SPA-Sponsored ADR | Reduce -1.3% | 0.00% | −0.00 |
| KLAC KLA Corp. | Sold out | 0.00% | −0.00 |
| AAPL Apple Inc. | Reduce -28.8% | 0.00% | −0.00 |
| NVS Novartis AG-Sponsored ADR | Reduce -6.0% | 0.00% | −0.00 |
| SHEL Shell PLC-ADR | Reduce -4.6% | 0.00% | −0.00 |
| APP AppLovin Corp. Class A | Reduce -12.1% | 4.06% | +2.09 |
Portfolio Buys Q3 2024 → Q4 2024
| NVDA Nvidia Corp. | Add +132.3% | 5.12% | +3.02 |
| AVGO Broadcom Inc. | Add +200.0% | 3.51% | +2.59 |
| GOOG Alphabet Inc. Class C | Add +181679.1% | 2.04% | +2.04 |
| MRVL Marvell Technology Inc. | New | 1.19% | +1.19 |
| SPOT Spotify Technology SA | New | 1.19% | +1.19 |
| MSFT Microsoft Corp. | Add +53.0% | 3.96% | +1.17 |
| SNOW Snowflake Inc. | New | 1.11% | +1.11 |
| GOOGL Alphabet Inc. Class A | New | 0.93% | +0.93 |
| T AT&T Inc. | Add +37.3% | 3.27% | +0.84 |
| AXON Axon Enterprise Inc. | New | 0.71% | +0.71 |
| NFLX Netflix Inc. | Add +15.4% | 2.52% | +0.68 |
| PGR Progressive Corp. | Add +67.6% | 1.84% | +0.61 |
| PM Philip Morris International | Add +14.3% | 8.71% | +0.59 |
| TRGP Targa Resources Corp. | New | 0.58% | +0.58 |
| KKR KKR & Co. Inc. | New | 0.48% | +0.48 |
| ALL Allstate Corp. | Add +64.1% | 1.24% | +0.45 |
| HOOD Robinhood Markets Inc. Class A | New | 0.45% | +0.45 |
| RDDT Reddit Inc. Class A | New | 0.40% | +0.40 |
| AMZN Amazon.com Inc. | Add +5.2% | 2.58% | +0.38 |
| TSM Taiwan Semiconductor-SP ADR | Add +11.0% | 2.29% | +0.38 |
| CB Chubb Ltd. | Add +36.3% | 1.82% | +0.35 |
| HDB HDFC Bank Ltd.-ADR | Add +74.4% | 0.75% | +0.30 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +74.7% | 1.66% | +0.27 |
| ISRG Intuitive Surgical Inc. | Add +42.5% | 0.89% | +0.27 |
| OKE Oneok Inc. | Add +217.2% | 0.18% | +0.13 |
| GLOB Globant SA | New | 0.13% | +0.13 |
| MMYT Makemytrip Ltd. | New | 0.09% | +0.09 |
| BAP Credicorp Ltd. | New | 0.06% | +0.06 |
| IBN Icici Bank Ltd.-Spon ADR | Add +7.7% | 2.84% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2235.1% | 0.06% | +0.06 |
| ABEV Ambev SA-ADR | Add +51.9% | 0.54% | +0.04 |
| SE Sea Ltd.-ADR | New | 0.04% | +0.04 |
| ENB Enbridge Inc. | Add +2.0% | 4.68% | +0.04 |
| MO Altria Group Inc. | New | 0.02% | +0.02 |
| BANCOLOMBIA S.A.-SPONS ADR | New | 0.01% | +0.01 |
| STT State Street Corp. | New | 0.01% | +0.01 |
| CNQ Canadian Natural Resources | New | 0.01% | +0.01 |
| ORCL Oracle Corp. | Add +188.0% | 0.01% | +0.01 |
| BABA Alibaba Group Holding-SP ADR | New | 0.01% | +0.01 |
| PDD PDD Holdings Inc. | New | 0.01% | +0.01 |
| HSBC HSBC Holdings PLC-Spons ADR | Add +129.5% | 0.01% | +0.01 |
| JD Jd.com Inc.-ADR | New | 0.01% | +0.01 |
| IWB iShares Russell 1000 ETF | Add +1554.3% | 0.01% | +0.01 |
| BMY Bristol-Myers Squibb Co. | New | 0.00% | +0.00 |
| GS Goldman Sachs Group Inc. | New | 0.00% | +0.00 |
| AWK American Water Works Co. Inc. | New | 0.00% | +0.00 |
| SAP Sap SE-Sponsored ADR | Add +1.8% | 0.10% | +0.00 |
| ACWI iShares MSCI Acwi ETF | New | 0.00% | +0.00 |
| CCL Carnival Corp. | New | 0.00% | +0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 102 | $53.8B | PM, CB, PBR, ENB, XOM |
| Q1 2026 | 81 | $63.1B | PM, ENB, CB, PBR, T |
| Q4 2025 | 87 | $60.7B | PM, CB, ENB, PGR, IBN |
| Q3 2025 | 93 | $65.1B | PM, ENB, CB, T, PBR |
| Q2 2025 | 93 | $70.3B | PM, ENB, T, CB, PBR |
| Q1 2025 | 86 | $62.8B | PM, PBR, ENB, T, CB |
| Q4 2024 | 92 | $67.4B | PM, META, LLY, NVDA, ENB |
| Q3 2024 | 78 | $63.8B | META, PM, LLY, PBR, ENB |
| Q2 2024 | 79 | $66.0B | NVDA, META, AVGO, PM, LLY |
| Q1 2024 | 86 | $62.2B | NVDA, META, AVGO, MSFT, LLY |