GQG Partners LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), GQG Partners LLC reported 87 stock positions worth $60.7 billion. Its top holding was Philip Morris International (PM) at 14.6% of the portfolio, followed by Chubb (CB, 6.4%) and Enbridge (ENB, 6.3%). Compared with Q3 2025, it opened 8 new positions, sold out of 14, added to 32 and reduced 46. The biggest buy was Chubb (CB, shares +15%) and the biggest sale Meta Platforms Class A (META, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- FT. LAUDERDALE, FL
- CIK
- 0001697233
- Portfolio Value
- $60.7B (Q4 2025)
- SEC Filing
- 0001062993-26-000911 ↗ filed Feb 13, 2026
Holdings Value
Holdings 87 stocks · $60.7B
| PM Philip Morris International | 14.56% | 55,096,316 | $8.8B | Add +0.2% |
| CB Chubb Ltd. | 6.42% | 12,481,176 | $3.9B | Add +15.2% |
| ENB Enbridge Inc. | 6.34% | 80,353,458 | $3.8B | Reduce -3.8% |
| PGR Progressive Corp. | 3.91% | 10,432,549 | $2.4B | Add +11.7% |
| IBN Icici Bank Ltd.-Spon ADR | 3.66% | 74,633,839 | $2.2B | Reduce -1.3% |
| CI The Cigna Group | 3.52% | 7,763,295 | $2.1B | Add +14.3% |
| T AT&T Inc. | 3.52% | 86,007,645 | $2.1B | Reduce -19.5% |
| AEP American Electric Power | 3.21% | 16,902,872 | $1.9B | Reduce -10.6% |
| HDB HDFC Bank Ltd.-ADR | 3.19% | 52,962,709 | $1.9B | Add +1.5% |
| KO The Coca-Cola Co. | 3.02% | 26,250,313 | $1.8B | Add +15.1% |
| VZ Verizon Communications Inc. | 2.94% | 43,866,695 | $1.8B | Reduce -17.2% |
| PBR Petroleo Brasileiro-Spon ADR | 2.65% | 136,003,212 | $1.6B | Reduce -35.8% |
| JNJ Johnson & Johnson | 2.64% | 7,752,266 | $1.6B | Add +28.4% |
| BTI British American Tob-SP ADR | 2.62% | 28,062,747 | $1.6B | Reduce -1.7% |
| MO Altria Group Inc. | 2.38% | 25,058,437 | $1.4B | Reduce -2.7% |
| AIG American International Group | 2.18% | 15,492,942 | $1.3B | Reduce -16.1% |
| CME Cme Group Inc. | 1.89% | 4,208,459 | $1.1B | Reduce -7.0% |
| ALL Allstate Corp. | 1.88% | 5,488,560 | $1.1B | Add +36.0% |
| DUK Duke Energy Corp. | 1.84% | 9,543,071 | $1.1B | Reduce -7.6% |
| EXC Exelon Corp. | 1.79% | 24,979,574 | $1.1B | Reduce -7.5% |
| XOM Exxon Mobil Corp. | 1.73% | 8,715,556 | $1.0B | Reduce -26.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.65% | 1,997,793 | $1.0B | New |
| XEL Xcel Energy Inc. | 1.50% | 12,334,556 | $911.0M | Reduce -5.7% |
| TRP TC Energy Corp. | 1.47% | 16,154,469 | $890.7M | Add +586.5% |
| VALE Vale SA-SP ADR | 1.40% | 65,132,572 | $848.7M | Add +42.4% |
| AWK American Water Works Co. Inc. | 1.40% | 6,493,161 | $847.4M | Add +64.2% |
| KR Kroger Co. | 1.38% | 13,398,072 | $837.1M | Add +11.3% |
| NEE Nextera Energy Inc. | 1.30% | 9,864,284 | $791.9M | Reduce -6.1% |
| ITUB Itau Unibanco H-Spon PRF ADR | 1.14% | 96,959,405 | $694.2M | Add +6.3% |
| CTSH Cognizant Tech Solutions-A | 1.11% | 8,116,278 | $673.7M | New |
| UL Unilever PLC-Sponsored ADR | 0.97% | 9,018,850 | $589.8M | Add +9.4% |
| CL Colgate-Palmolive Co. | 0.96% | 7,396,227 | $584.5M | Reduce -34.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.92% | 1,832,009 | $556.7M | Reduce -47.6% |
| INFY Infosys Ltd.-SP ADR | 0.85% | 29,130,383 | $519.1M | Add +35.2% |
| EMBJ Embraer SA-Spon ADR | 0.85% | 8,004,535 | $515.3M | Reduce -0.9% |
| PG The Procter & Gamble Co. | 0.76% | 3,226,929 | $462.5M | Add +56.3% |
| NVS Novartis AG-Sponsored ADR | 0.72% | 3,158,122 | $435.4M | Add +39.6% |
| ABEV Ambev SA-ADR | 0.70% | 172,969,655 | $427.2M | Add +9.1% |
| FNV Franco-Nevada Corp. | 0.60% | 1,746,117 | $362.4M | Add +1.8% |
| CMS CMS Energy Corp. | 0.52% | 4,519,921 | $316.1M | Reduce -16.6% |
| CINF Cincinnati Financial Corp. | 0.46% | 1,692,540 | $276.4M | Reduce -9.1% |
| BAP Credicorp Ltd. | 0.45% | 949,184 | $272.4M | Reduce -0.6% |
| ACN Accenture PLC Class A | 0.37% | 835,404 | $224.1M | New |
| CNP Centerpoint Energy Inc. | 0.36% | 5,681,646 | $217.8M | Reduce -9.4% |
| CVX Chevron Corp. | 0.35% | 1,404,342 | $214.0M | Reduce -5.8% |
| GGAL Grupo Financiero Galicia-ADR | 0.27% | 3,075,544 | $165.9M | Reduce -1.6% |
| ACGL Arch Capital Group Ltd. | 0.27% | 1,693,629 | $162.5M | Add +95.6% |
| PPL PPL Corp. | 0.27% | 4,638,660 | $162.4M | Reduce -9.4% |
| ORI Old Republic Intl Corp. | 0.26% | 3,417,166 | $156.0M | New |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.25% | 2,338,805 | $149.8M | New |
| ATO Atmos Energy Corp. | 0.19% | 703,592 | $117.9M | Reduce -2.2% |
| RNR Renaissancere Holdings Ltd. | 0.18% | 386,876 | $108.8M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.06% | 50,058 | $34.1M | Add +188.8% |
| TTE Totalenergies SE | 0.02% | 228,150 | $14.9M | Reduce -12.5% |
| ASR Grupo Aeroportuario Sur-ADR | 0.02% | 32,785 | $10.6M | Add +8.4% |
| AZN Astrazeneca PLC-Spons ADR | 0.02% | 102,372 | $9.4M | Add +16.4% |
| ACWI iShares MSCI Acwi ETF | 0.01% | 54,789 | $7.8M | Add +236.3% |
| E Eni SPA-Sponsored ADR | 0.01% | 175,726 | $6.7M | Add +24.4% |
| IWB iShares Russell 1000 ETF | 0.01% | 17,826 | $6.7M | Add +359.6% |
| SNY Sanofi-ADR | 0.01% | 120,946 | $5.9M | Add +41.0% |
| MRK Merck & Co. Inc. | 0.01% | 53,509 | $5.6M | Add +0.8% |
| VLO Valero Energy Corp. | 0.01% | 33,886 | $5.5M | Add +0.4% |
| HII Huntington Ingalls Industrie | 0.01% | 16,129 | $5.5M | Reduce -0.6% |
| SO The Southern Co. | 0.01% | 53,863 | $4.7M | Reduce -1.0% |
| V Visa Inc. Class A | 0.00% | 8,307 | $2.9M | Reduce -99.7% |
| CVS CVS Health Corp. | 0.00% | 31,518 | $2.5M | New |
| PFE Pfizer Inc. | 0.00% | 96,482 | $2.4M | Reduce -1.2% |
| APP AppLovin Corp. Class A | 0.00% | 2,174 | $1.5M | Reduce -18.4% |
| MSFT Microsoft Corp. | 0.00% | 1,815 | $878K | Reduce -99.9% |
| NVDA Nvidia Corp. | 0.00% | 4,064 | $758K | Reduce -37.5% |
| AMZN Amazon.com Inc. | 0.00% | 3,269 | $755K | Reduce -32.7% |
| WMT Walmart Inc. | 0.00% | 6,092 | $679K | Reduce -6.7% |
| LLY Eli Lilly & Co. | 0.00% | 620 | $666K | Reduce -22.7% |
| VT Vanguard Tot World STK ETF | 0.00% | 4,245 | $599K | New |
| SHEL Shell PLC-ADR | 0.00% | 7,307 | $537K | Reduce -12.8% |
| RY Royal Bank of Canada | 0.00% | 3,059 | $522K | No change |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.00% | 1,497 | $471K | Add +3.4% |
| NGG National Grid PLC-SP ADR | 0.00% | 5,914 | $457K | Add +47.7% |
| SAP Sap SE-Sponsored ADR | 0.00% | 1,750 | $425K | Reduce -3.1% |
| GOOG Alphabet Inc. Class C | 0.00% | 1,279 | $401K | Reduce -50.3% |
| NOW ServiceNow Inc. | 0.00% | 2,338 | $358K | Reduce -2.4% |
| META Meta Platforms Inc. Class A | 0.00% | 518 | $342K | Reduce -100.0% |
| NFLX Netflix Inc. | 0.00% | 3,394 | $318K | Reduce -32.3% |
| GS Goldman Sachs Group Inc. | 0.00% | 321 | $282K | Reduce -1.5% |
| DEO Diageo PLC-Sponsored ADR | 0.00% | 3,076 | $265K | Reduce -99.8% |
| AVGO Broadcom Inc. | 0.00% | 608 | $211K | Reduce -35.3% |
| AXIAY Axia Energia-ADR filed as CENTRAIS ELET BRAS SA | 0.00% | 20,874 | $191K | Add +13.2% |
Portfolio Sells Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | Reduce -100.0% | 0.00% | −2.27 |
| MSFT Microsoft Corp. | Reduce -99.9% | 0.00% | −1.70 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -35.8% | 2.65% | −1.47 |
| V Visa Inc. Class A | Reduce -99.7% | 0.00% | −1.37 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −1.19 |
| T AT&T Inc. | Reduce -19.5% | 3.52% | −1.11 |
| DB Deutsche Bank AG-Registered | Sold out | 0.00% | −1.08 |
| DTE DTE Energy Company | Sold out | 0.00% | −0.95 |
| VZ Verizon Communications Inc. | Reduce -17.2% | 2.94% | −0.64 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -47.6% | 0.92% | −0.58 |
| CL Colgate-Palmolive Co. | Reduce -34.9% | 0.96% | −0.43 |
| XOM Exxon Mobil Corp. | Reduce -26.1% | 1.73% | −0.32 |
| MO Altria Group Inc. | Reduce -2.7% | 2.38% | −0.23 |
| DEO Diageo PLC-Sponsored ADR | Reduce -99.8% | 0.00% | −0.20 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.17 |
| KSPI JSC Kaspi.kz ADR | Sold out | 0.00% | −0.14 |
| ENB Enbridge Inc. | Reduce -3.8% | 6.34% | −0.14 |
| DUK Duke Energy Corp. | Reduce -7.6% | 1.84% | −0.12 |
| XEL Xcel Energy Inc. | Reduce -5.7% | 1.50% | −0.12 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.11 |
| CMS CMS Energy Corp. | Reduce -16.6% | 0.52% | −0.09 |
| EXC Exelon Corp. | Reduce -7.5% | 1.79% | −0.07 |
| SLDE Slide Insurance Holdings Inc. | Sold out | 0.00% | −0.07 |
| AEP American Electric Power | Reduce -10.6% | 3.21% | −0.06 |
| ETOR Etoro Group Ltd. Class A | Sold out | 0.00% | −0.05 |
| AIG American International Group | Reduce -16.1% | 2.18% | −0.04 |
| CIB Grupo Cibest SA-ADR | Sold out | 0.00% | −0.04 |
| PPL PPL Corp. | Reduce -9.4% | 0.27% | −0.02 |
| CNP Centerpoint Energy Inc. | Reduce -9.4% | 0.36% | −0.01 |
| USB US Bancorp | Sold out | 0.00% | −0.01 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.00 |
| CVX Chevron Corp. | Reduce -5.8% | 0.35% | −0.00 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.00 |
| HSBC HSBC Holdings PLC-Spons ADR | Sold out | 0.00% | −0.00 |
| NVDA Nvidia Corp. | Reduce -37.5% | 0.00% | −0.00 |
| APP AppLovin Corp. Class A | Reduce -18.4% | 0.00% | −0.00 |
| AMZN Amazon.com Inc. | Reduce -32.7% | 0.00% | −0.00 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.00 |
| NFLX Netflix Inc. | Reduce -32.3% | 0.00% | −0.00 |
| GOOG Alphabet Inc. Class C | Reduce -50.3% | 0.00% | −0.00 |
| SO The Southern Co. | Reduce -1.0% | 0.01% | −0.00 |
| AVGO Broadcom Inc. | Reduce -35.3% | 0.00% | −0.00 |
| NOW ServiceNow Inc. | Reduce -2.4% | 0.00% | −0.00 |
| SHEL Shell PLC-ADR | Reduce -12.8% | 0.00% | 0.00 |
| SAP Sap SE-Sponsored ADR | Reduce -3.1% | 0.00% | 0.00 |
| GS Goldman Sachs Group Inc. | Reduce -1.5% | 0.00% | +0.00 |
| PFE Pfizer Inc. | Reduce -1.2% | 0.00% | +0.00 |
| WMT Walmart Inc. | Reduce -6.7% | 0.00% | +0.00 |
| LLY Eli Lilly & Co. | Reduce -22.7% | 0.00% | +0.00 |
| TTE Totalenergies SE | Reduce -12.5% | 0.02% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| CB Chubb Ltd. | Add +15.2% | 6.42% | +1.72 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 1.65% | +1.65 |
| TRP TC Energy Corp. | Add +586.5% | 1.47% | +1.27 |
| CTSH Cognizant Tech Solutions-A | New | 1.11% | +1.11 |
| JNJ Johnson & Johnson | Add +28.4% | 2.64% | +0.92 |
| PM Philip Morris International | Add +0.2% | 14.56% | +0.85 |
| KO The Coca-Cola Co. | Add +15.1% | 3.02% | +0.70 |
| VALE Vale SA-SP ADR | Add +42.4% | 1.40% | +0.63 |
| ALL Allstate Corp. | Add +36.0% | 1.88% | +0.55 |
| AWK American Water Works Co. Inc. | Add +64.2% | 1.40% | +0.55 |
| CI The Cigna Group | Add +14.3% | 3.52% | +0.51 |
| HDB HDFC Bank Ltd.-ADR | Add +1.5% | 3.19% | +0.45 |
| ACN Accenture PLC Class A | New | 0.37% | +0.37 |
| PGR Progressive Corp. | Add +11.7% | 3.91% | +0.37 |
| INFY Infosys Ltd.-SP ADR | Add +35.2% | 0.85% | +0.32 |
| PG The Procter & Gamble Co. | Add +56.3% | 0.76% | +0.27 |
| NVS Novartis AG-Sponsored ADR | Add +39.6% | 0.72% | +0.27 |
| ORI Old Republic Intl Corp. | New | 0.26% | +0.26 |
| BUD Anheuser-Busch Inbev-SPN ADR | New | 0.25% | +0.25 |
| RNR Renaissancere Holdings Ltd. | New | 0.18% | +0.18 |
| ABEV Ambev SA-ADR | Add +9.1% | 0.70% | +0.16 |
| ACGL Arch Capital Group Ltd. | Add +95.6% | 0.27% | +0.15 |
| KR Kroger Co. | Add +11.3% | 1.38% | +0.13 |
| UL Unilever PLC-Sponsored ADR | Add +9.4% | 0.97% | +0.13 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +6.3% | 1.14% | +0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +188.8% | 0.06% | +0.04 |
| FNV Franco-Nevada Corp. | Add +1.8% | 0.60% | +0.01 |
| ACWI iShares MSCI Acwi ETF | Add +236.3% | 0.01% | +0.01 |
| IWB iShares Russell 1000 ETF | Add +359.6% | 0.01% | +0.01 |
| AZN Astrazeneca PLC-Spons ADR | Add +16.4% | 0.02% | +0.01 |
| CVS CVS Health Corp. | New | 0.00% | +0.00 |
| E Eni SPA-Sponsored ADR | Add +24.4% | 0.01% | +0.00 |
| SNY Sanofi-ADR | Add +41.0% | 0.01% | +0.00 |
| ASR Grupo Aeroportuario Sur-ADR | Add +8.4% | 0.02% | +0.00 |
| MRK Merck & Co. Inc. | Add +0.8% | 0.01% | +0.00 |
| VT Vanguard Tot World STK ETF | New | 0.00% | +0.00 |
| NGG National Grid PLC-SP ADR | Add +47.7% | 0.00% | +0.00 |
| VLO Valero Energy Corp. | Add +0.4% | 0.01% | +0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +3.4% | 0.00% | +0.00 |
| AXIAY Axia Energia-ADR | Add +13.2% | 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 |