GQG Partners LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), GQG Partners LLC reported 81 stock positions worth $63.1 billion. Its top holding was Philip Morris International (PM) at 13.1% of the portfolio, followed by Enbridge (ENB, 6.5%) and Chubb (CB, 6.4%). Compared with Q4 2025, it opened 9 new positions, sold out of 15, added to 19 and reduced 51. The biggest buy was Petroleo Brasileiro-Spon ADR (PBR, shares +28%) and the biggest sale HDFC Bank Ltd.-ADR (HDB, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- FT. LAUDERDALE, FL
- CIK
- 0001697233
- Portfolio Value
- $63.1B (Q1 2026)
- SEC Filing
- 0001062993-26-002533 ↗ filed May 12, 2026
Holdings Value
Holdings 81 stocks · $63.1B
| PM Philip Morris International | 13.13% | 50,105,900 | $8.3B | Reduce -9.1% |
| ENB Enbridge Inc. | 6.55% | 76,426,780 | $4.1B | Reduce -4.9% |
| CB Chubb Ltd. | 6.42% | 12,418,796 | $4.0B | Reduce -0.5% |
| PBR Petroleo Brasileiro-Spon ADR | 5.70% | 173,440,105 | $3.6B | Add +27.5% |
| T AT&T Inc. | 3.74% | 81,353,084 | $2.4B | Reduce -5.4% |
| VZ Verizon Communications Inc. | 3.64% | 45,714,595 | $2.3B | Add +4.2% |
| CVX Chevron Corp. | 3.37% | 10,266,187 | $2.1B | Add +631.0% |
| IBN Icici Bank Ltd.-Spon ADR | 3.18% | 77,366,552 | $2.0B | Add +3.7% |
| AEP American Electric Power | 3.12% | 15,025,884 | $2.0B | Reduce -11.1% |
| PGR Progressive Corp. | 2.87% | 9,138,940 | $1.8B | Reduce -12.4% |
| JNJ Johnson & Johnson | 2.83% | 7,317,289 | $1.8B | Reduce -5.6% |
| BTI British American Tob-SP ADR | 2.57% | 27,683,334 | $1.6B | Reduce -1.4% |
| KO The Coca-Cola Co. | 2.55% | 21,119,167 | $1.6B | Reduce -19.6% |
| CI The Cigna Group | 2.54% | 6,002,448 | $1.6B | Reduce -22.7% |
| MO Altria Group Inc. | 2.49% | 23,836,839 | $1.6B | Reduce -4.9% |
| ALL Allstate Corp. | 1.89% | 5,761,603 | $1.2B | Add +5.0% |
| OXY Occidental Petroleum Corp. | 1.89% | 18,311,639 | $1.2B | New |
| SU Suncor Energy Inc. | 1.80% | 17,218,819 | $1.1B | New |
| XOM Exxon Mobil Corp. | 1.79% | 6,663,103 | $1.1B | Reduce -23.6% |
| EXC Exelon Corp. | 1.73% | 22,278,201 | $1.1B | Reduce -10.8% |
| TRP TC Energy Corp. | 1.68% | 16,946,570 | $1.1B | Add +4.9% |
| DUK Duke Energy Corp. | 1.62% | 7,802,463 | $1.0B | Reduce -18.2% |
| KR Kroger Co. | 1.46% | 12,737,042 | $921.7M | Reduce -4.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.44% | 1,896,646 | $908.9M | Reduce -5.1% |
| XEL Xcel Energy Inc. | 1.41% | 11,193,162 | $889.2M | Reduce -9.3% |
| AWK American Water Works Co. Inc. | 1.39% | 6,431,056 | $875.2M | Reduce -1.0% |
| NEE Nextera Energy Inc. | 1.36% | 9,258,727 | $860.0M | Reduce -6.1% |
| CNQ Canadian Natural Resources | 1.35% | 17,555,471 | $853.7M | New |
| HDB HDFC Bank Ltd.-ADR | 1.34% | 34,095,946 | $848.3M | Reduce -35.6% |
| DVN Devon Energy Corp. | 1.29% | 16,170,345 | $813.7M | New |
| AIG American International Group | 1.26% | 10,587,437 | $796.7M | Reduce -31.7% |
| CME Cme Group Inc. | 1.23% | 2,625,795 | $775.5M | Reduce -37.6% |
| CVE Cenovus Energy Inc. | 1.12% | 26,774,463 | $708.3M | New |
| ITUB Itau Unibanco H-Spon PRF ADR | 1.08% | 81,646,220 | $684.2M | Reduce -15.8% |
| ABEV Ambev SA-ADR | 0.87% | 187,037,538 | $546.1M | Add +8.1% |
| UL Unilever PLC-Sponsored ADR | 0.85% | 9,401,286 | $535.6M | Add +4.2% |
| NVS Novartis AG-Sponsored ADR | 0.59% | 2,447,272 | $373.8M | Reduce -22.5% |
| EMBJ Embraer SA-Spon ADR | 0.57% | 6,073,854 | $360.4M | Reduce -24.1% |
| CMS CMS Energy Corp. | 0.54% | 4,412,573 | $342.3M | Reduce -2.4% |
| FNV Franco-Nevada Corp. | 0.46% | 1,166,853 | $288.0M | Reduce -33.2% |
| VALE Vale SA-SP ADR | 0.42% | 16,574,442 | $263.7M | Reduce -74.5% |
| BP BP PLC-Spons ADR | 0.41% | 5,462,538 | $256.7M | New |
| CINF Cincinnati Financial Corp. | 0.38% | 1,518,318 | $238.9M | Reduce -10.3% |
| CNP Centerpoint Energy Inc. | 0.32% | 4,741,580 | $204.6M | Reduce -16.6% |
| PEP Pepsico Inc. | 0.26% | 1,061,310 | $164.8M | New |
| ATO Atmos Energy Corp. | 0.26% | 887,204 | $163.9M | Add +26.1% |
| ACGL Arch Capital Group Ltd. | 0.25% | 1,646,026 | $158.0M | Reduce -2.8% |
| RNR Renaissancere Holdings Ltd. | 0.24% | 502,346 | $149.3M | Add +29.9% |
| ORI Old Republic Intl Corp. | 0.22% | 3,532,203 | $140.9M | Add +3.4% |
| ASR Grupo Aeroportuario Sur-ADR | 0.20% | 366,108 | $123.1M | Add +1016.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.09% | 176,817 | $59.8M | Reduce -90.3% |
| BAP Credicorp Ltd. | 0.04% | 72,991 | $24.8M | Reduce -92.3% |
| TTE Totalenergies SE | 0.04% | 242,809 | $22.4M | Add +6.4% |
| E Eni SPA-Sponsored ADR | 0.03% | 300,743 | $17.0M | Add +71.1% |
| PG The Procter & Gamble Co. | 0.02% | 96,492 | $13.9M | Reduce -97.0% |
| PPL PPL Corp. | 0.02% | 345,965 | $13.2M | Reduce -92.5% |
| AZN Astrazeneca PLC | 0.01% | 45,524 | $8.9M | Reduce -11.1% |
| VLO Valero Energy Corp. | 0.01% | 33,912 | $8.4M | Add +0.1% |
| SNY Sanofi-ADR | 0.01% | 164,705 | $7.9M | Add +36.2% |
| MRK Merck & Co. Inc. | 0.01% | 53,016 | $6.4M | Reduce -0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.01% | 9,385 | $6.1M | Reduce -81.3% |
| SO The Southern Co. | 0.01% | 53,702 | $5.2M | Reduce -0.3% |
| ACWI iShares MSCI Acwi ETF | 0.01% | 26,342 | $3.6M | Reduce -51.9% |
| BMY Bristol-Myers Squibb Co. | 0.00% | 46,361 | $2.8M | New |
| PFE Pfizer Inc. | 0.00% | 96,492 | $2.7M | Add +0.0% |
| CVS CVS Health Corp. | 0.00% | 31,523 | $2.3M | Add +0.0% |
| GLD SPDR Gold Shares | 0.00% | 2,763 | $1.2M | New |
| APP AppLovin Corp. Class A | 0.00% | 1,867 | $743K | Reduce -14.1% |
| WMT Walmart Inc. | 0.00% | 5,394 | $670K | Reduce -11.5% |
| SHEL Shell PLC-ADR | 0.00% | 6,001 | $558K | Reduce -17.9% |
| NVDA Nvidia Corp. | 0.00% | 2,984 | $520K | Reduce -26.6% |
| NGG National Grid PLC-SP ADR | 0.00% | 5,914 | $500K | No change |
| RY Royal Bank of Canada | 0.00% | 3,059 | $495K | No change |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.00% | 6,792 | $471K | Reduce -99.7% |
| IWB iShares Russell 1000 ETF | 0.00% | 1,110 | $396K | Reduce -93.8% |
| V Visa Inc. Class A | 0.00% | 1,236 | $374K | Reduce -85.1% |
| AXIAY Axia Energia-ADR filed as CENTRAIS ELET BRAS SA | 0.00% | 27,986 | $316K | Add +34.1% |
| AMZN Amazon.com Inc. | 0.00% | 1,434 | $299K | Reduce -56.1% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.00% | 846 | $253K | Reduce -43.5% |
| GS Goldman Sachs Group Inc. | 0.00% | 298 | $252K | Reduce -7.2% |
| GOOG Alphabet Inc. Class C | 0.00% | 706 | $203K | Reduce -44.8% |
Portfolio Sells Q4 2025 → Q1 2026
| HDB HDFC Bank Ltd.-ADR | Reduce -35.6% | 1.34% | −1.84 |
| PM Philip Morris International | Reduce -9.1% | 13.13% | −1.42 |
| CTSH Cognizant Tech Solutions-A | Sold out | 0.00% | −1.11 |
| PGR Progressive Corp. | Reduce -12.4% | 2.87% | −1.04 |
| CI The Cigna Group | Reduce -22.7% | 2.54% | −0.98 |
| VALE Vale SA-SP ADR | Reduce -74.5% | 0.42% | −0.98 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.96 |
| AIG American International Group | Reduce -31.7% | 1.26% | −0.92 |
| INFY Infosys Ltd.-SP ADR | Sold out | 0.00% | −0.85 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -90.3% | 0.09% | −0.82 |
| PG The Procter & Gamble Co. | Reduce -97.0% | 0.02% | −0.74 |
| CME Cme Group Inc. | Reduce -37.6% | 1.23% | −0.66 |
| KO The Coca-Cola Co. | Reduce -19.6% | 2.55% | −0.48 |
| BAP Credicorp Ltd. | Reduce -92.3% | 0.04% | −0.41 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.37 |
| EMBJ Embraer SA-Spon ADR | Reduce -24.1% | 0.57% | −0.28 |
| GGAL Grupo Financiero Galicia-ADR | Sold out | 0.00% | −0.27 |
| PPL PPL Corp. | Reduce -92.5% | 0.02% | −0.25 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -99.7% | 0.00% | −0.25 |
| DUK Duke Energy Corp. | Reduce -18.2% | 1.62% | −0.22 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.1% | 1.44% | −0.21 |
| FNV Franco-Nevada Corp. | Reduce -33.2% | 0.46% | −0.14 |
| NVS Novartis AG-Sponsored ADR | Reduce -22.5% | 0.59% | −0.12 |
| XEL Xcel Energy Inc. | Reduce -9.3% | 1.41% | −0.09 |
| AEP American Electric Power | Reduce -11.1% | 3.12% | −0.09 |
| CINF Cincinnati Financial Corp. | Reduce -10.3% | 0.38% | −0.08 |
| EXC Exelon Corp. | Reduce -10.8% | 1.73% | −0.06 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -15.8% | 1.08% | −0.06 |
| BTI British American Tob-SP ADR | Reduce -1.4% | 2.57% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -81.3% | 0.01% | −0.05 |
| CNP Centerpoint Energy Inc. | Reduce -16.6% | 0.32% | −0.03 |
| ACGL Arch Capital Group Ltd. | Reduce -2.8% | 0.25% | −0.02 |
| IWB iShares Russell 1000 ETF | Reduce -93.8% | 0.00% | −0.01 |
| HII Huntington Ingalls Industrie | Sold out | 0.00% | −0.01 |
| AWK American Water Works Co. Inc. | Reduce -1.0% | 1.39% | −0.01 |
| ACWI iShares MSCI Acwi ETF | Reduce -51.9% | 0.01% | −0.01 |
| V Visa Inc. Class A | Reduce -85.1% | 0.00% | −0.00 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.00 |
| AZN Astrazeneca PLC | Reduce -11.1% | 0.01% | −0.00 |
| APP AppLovin Corp. Class A | Reduce -14.1% | 0.00% | −0.00 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.00 |
| VT Vanguard Tot World STK ETF | Sold out | 0.00% | −0.00 |
| AMZN Amazon.com Inc. | Reduce -56.1% | 0.00% | −0.00 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.00 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.00 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.00 |
| CB Chubb Ltd. | Reduce -0.5% | 6.42% | −0.00 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.00 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.00 |
| NVDA Nvidia Corp. | Reduce -26.6% | 0.00% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| PBR Petroleo Brasileiro-Spon ADR | Add +27.5% | 5.70% | +3.05 |
| CVX Chevron Corp. | Add +631.0% | 3.37% | +3.01 |
| OXY Occidental Petroleum Corp. | New | 1.89% | +1.89 |
| SU Suncor Energy Inc. | New | 1.80% | +1.80 |
| CNQ Canadian Natural Resources | New | 1.35% | +1.35 |
| DVN Devon Energy Corp. | New | 1.29% | +1.29 |
| CVE Cenovus Energy Inc. | New | 1.12% | +1.12 |
| VZ Verizon Communications Inc. | Add +4.2% | 3.64% | +0.69 |
| BP BP PLC-Spons ADR | New | 0.41% | +0.41 |
| PEP Pepsico Inc. | New | 0.26% | +0.26 |
| TRP TC Energy Corp. | Add +4.9% | 1.68% | +0.21 |
| ASR Grupo Aeroportuario Sur-ADR | Add +1016.7% | 0.20% | +0.18 |
| ABEV Ambev SA-ADR | Add +8.1% | 0.87% | +0.16 |
| ATO Atmos Energy Corp. | Add +26.1% | 0.26% | +0.07 |
| RNR Renaissancere Holdings Ltd. | Add +29.9% | 0.24% | +0.06 |
| E Eni SPA-Sponsored ADR | Add +71.1% | 0.03% | +0.02 |
| ALL Allstate Corp. | Add +5.0% | 1.89% | +0.01 |
| TTE Totalenergies SE | Add +6.4% | 0.04% | +0.01 |
| BMY Bristol-Myers Squibb Co. | New | 0.00% | +0.00 |
| VLO Valero Energy Corp. | Add +0.1% | 0.01% | +0.00 |
| SNY Sanofi-ADR | Add +36.2% | 0.01% | +0.00 |
| GLD SPDR Gold Shares | New | 0.00% | +0.00 |
| PFE Pfizer Inc. | Add +0.0% | 0.00% | +0.00 |
| AXIAY Axia Energia-ADR | Add +34.1% | 0.00% | +0.00 |
| CVS CVS Health Corp. | Add +0.0% | 0.00% | −0.00 |
| ORI Old Republic Intl Corp. | Add +3.4% | 0.22% | −0.03 |
| UL Unilever PLC-Sponsored ADR | Add +4.2% | 0.85% | −0.12 |
| IBN Icici Bank Ltd.-Spon ADR | Add +3.7% | 3.18% | −0.49 |
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 |