Sanders Capital, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Sanders Capital, LLC reported 47 stock positions worth $74.5 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 11.6% of the portfolio, followed by Meta Platforms Class A (META, 10.1%) and Microsoft (MSFT, 8.5%). Compared with Q1 2025, it opened 2 new positions, sold out of 2, added to 10 and reduced 35. The biggest buy was a new position in Accenture Class A (ACN) and the biggest sale Suncor Energy (SU, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- West Palm Beach, FL
- CIK
- 0001508097
- Portfolio Value
- $74.5B (Q2 2025)
- SEC Filing
- 0001172661-25-002985 ↗ filed Aug 8, 2025
Holdings Value
Holdings 47 stocks · $74.5B
| TSM Taiwan Semiconductor-SP ADR | 11.64% | 38,279,544 | $8.7B | Reduce -7.8% |
| META Meta Platforms Inc. Class A | 10.07% | 10,165,589 | $7.5B | Reduce -15.1% |
| MSFT Microsoft Corp. | 8.53% | 12,767,575 | $6.4B | Reduce -3.4% |
| GOOG Alphabet Inc. Class C | 8.42% | 35,357,943 | $6.3B | Add +6.4% |
| HCA HCA Healthcare Inc. | 5.71% | 11,102,583 | $4.3B | Reduce -4.0% |
| AMZN Amazon.com Inc. | 3.95% | 13,414,004 | $2.9B | Reduce -2.5% |
| AAPL Apple Inc. | 3.57% | 12,974,887 | $2.7B | Reduce -9.5% |
| ACN Accenture PLC Class A | 3.54% | 8,824,786 | $2.6B | New |
| STX Seagate Technology Holdings | 3.50% | 18,082,306 | $2.6B | Reduce -1.3% |
| CI The Cigna Group | 3.46% | 7,793,018 | $2.6B | Reduce -2.5% |
| ELV Elevance Health Inc. | 3.04% | 5,825,208 | $2.3B | Add +24.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 3.00% | 47,162,420 | $2.2B | Reduce -3.5% |
| UNH Unitedhealth Group Inc. | 2.49% | 5,948,828 | $1.9B | Add +14.0% |
| BKNG Booking Holdings Inc. | 2.13% | 274,031 | $1.6B | Reduce -3.2% |
| DAL Delta Air Lines Inc. | 2.01% | 30,368,851 | $1.5B | Reduce -1.1% |
| AMAT Applied Materials Inc. | 1.89% | 7,698,260 | $1.4B | New |
| RTX RTX Corp. | 1.84% | 9,402,989 | $1.4B | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 1.77% | 4,544,040 | $1.3B | Reduce -41.5% |
| UAL United Airlines Holdings Inc. | 1.55% | 14,514,915 | $1.2B | Reduce -0.3% |
| GD General Dynamics Corp. | 1.54% | 3,940,964 | $1.1B | Reduce -5.8% |
| PG The Procter & Gamble Co. | 1.51% | 7,063,859 | $1.1B | Reduce -3.2% |
| V Visa Inc. Class A | 1.47% | 3,076,760 | $1.1B | Reduce -3.3% |
| AZN Astrazeneca PLC-Spons ADR | 1.36% | 14,526,862 | $1.0B | Reduce -3.6% |
| C Citigroup Inc. | 1.35% | 11,775,397 | $1.0B | Reduce -3.1% |
| NOC Northrop Grumman Corp. | 1.33% | 1,980,349 | $990.1M | Reduce -1.9% |
| BABA Alibaba Group Holding-SP ADR | 1.30% | 8,533,159 | $967.7M | Reduce -2.6% |
| PDD PDD Holdings Inc. | 1.20% | 8,526,610 | $892.4M | Add +21.5% |
| MA Mastercard Inc. Class A | 1.08% | 1,437,970 | $808.1M | Reduce -3.4% |
| PEP Pepsico Inc. | 0.89% | 5,002,742 | $660.6M | Reduce -2.0% |
| ULTA Ulta Beauty Inc. | 0.73% | 1,160,280 | $542.8M | Reduce -2.5% |
| TCOM Trip.com Group Ltd.-ADR | 0.72% | 9,205,966 | $539.8M | Reduce -2.7% |
| HAL Halliburton Co. | 0.65% | 23,765,699 | $484.3M | Reduce -1.6% |
| FISV Fiserv Inc. | 0.53% | 2,279,351 | $393.0M | Reduce -1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.46% | 557,789 | $344.6M | Reduce -32.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.45% | 9,824,737 | $332.1M | Reduce -8.0% |
| VEU Vanguard Ftse All-World Ex-U | 0.29% | 3,175,284 | $213.4M | Reduce -40.4% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.24% | 2,971,630 | $180.6M | Add +0.1% |
| ABT Abbott Laboratories | 0.22% | 1,187,695 | $161.5M | Add +0.1% |
| SU Suncor Energy Inc. | 0.20% | 3,993,467 | $149.6M | Reduce -84.3% |
| ABBV Abbvie Inc. | 0.14% | 549,143 | $101.9M | Add +0.1% |
| TFC Truist Financial Corp. | 0.13% | 2,173,042 | $93.4M | Add +0.3% |
| APTV Aptiv PLC | 0.08% | 835,962 | $57.0M | Add +0.1% |
| SHG Shinhan Financial Group-ADR | 0.01% | 161,866 | $7.3M | Reduce -6.8% |
| UL Unilever PLC | 0.01% | 119,070 | $7.3M | Add +0.2% |
| NWG Natwest Group PLC -Spon ADR | 0.00% | 230,064 | $3.3M | Reduce -0.4% |
| ING ING Groep N.V.-Sponsored ADR | 0.00% | 143,785 | $3.1M | Reduce -19.7% |
| SYF Synchrony Financial | 0.00% | 22,897 | $1.5M | Reduce -1.8% |
Portfolio Sells Q1 2025 → Q2 2025
| SU Suncor Energy Inc. | Reduce -84.3% | 0.20% | −1.27 |
| AAPL Apple Inc. | Reduce -9.5% | 3.57% | −1.19 |
| JPM JPMorgan Chase & Co. | Reduce -41.5% | 1.77% | −1.08 |
| HUM Humana Inc. | Sold out | 0.00% | −0.47 |
| CI The Cigna Group | Reduce -2.5% | 3.46% | −0.47 |
| BABA Alibaba Group Holding-SP ADR | Reduce -2.6% | 1.30% | −0.43 |
| PG The Procter & Gamble Co. | Reduce -3.2% | 1.51% | −0.35 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -3.6% | 1.36% | −0.29 |
| HAL Halliburton Co. | Reduce -1.6% | 0.65% | −0.27 |
| HCA HCA Healthcare Inc. | Reduce -4.0% | 5.71% | −0.26 |
| PEP Pepsico Inc. | Reduce -2.0% | 0.89% | −0.26 |
| META Meta Platforms Inc. Class A | Reduce -15.1% | 10.07% | −0.24 |
| FISV Fiserv Inc. | Reduce -1.1% | 0.53% | −0.23 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -32.1% | 0.46% | −0.22 |
| SLB SLB Ltd. | Reduce -8.0% | 0.45% | −0.22 |
| NOC Northrop Grumman Corp. | Reduce -1.9% | 1.33% | −0.22 |
| V Visa Inc. Class A | Reduce -3.3% | 1.47% | −0.20 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -40.4% | 0.29% | −0.20 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -2.7% | 0.72% | −0.17 |
| GD General Dynamics Corp. | Reduce -5.8% | 1.54% | −0.16 |
| MA Mastercard Inc. Class A | Reduce -3.4% | 1.08% | −0.13 |
| BAC Bank of America Corp. | Reduce -3.5% | 3.00% | −0.05 |
| RTX RTX Corp. | Reduce -0.3% | 1.84% | −0.02 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.02 |
| ING ING Groep N.V.-Sponsored ADR | Reduce -19.7% | 0.00% | −0.00 |
| SYF Synchrony Financial | Reduce -1.8% | 0.00% | +0.00 |
| NWG Natwest Group PLC -Spon ADR | Reduce -0.4% | 0.00% | +0.00 |
| SHG Shinhan Financial Group-ADR | Reduce -6.8% | 0.01% | +0.00 |
| DAL Delta Air Lines Inc. | Reduce -1.1% | 2.01% | +0.01 |
| AMZN Amazon.com Inc. | Reduce -2.5% | 3.95% | +0.04 |
| UAL United Airlines Holdings Inc. | Reduce -0.3% | 1.55% | +0.05 |
| C Citigroup Inc. | Reduce -3.1% | 1.35% | +0.06 |
| ULTA Ulta Beauty Inc. | Reduce -2.5% | 0.73% | +0.08 |
| BKNG Booking Holdings Inc. | Reduce -3.2% | 2.13% | +0.18 |
| MSFT Microsoft Corp. | Reduce -3.4% | 8.53% | +1.11 |
| STX Seagate Technology Holdings | Reduce -1.3% | 3.50% | +1.18 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -7.8% | 11.64% | +1.34 |
Portfolio Buys Q1 2025 → Q2 2025
| ACN Accenture PLC Class A | New | 3.54% | +3.54 |
| AMAT Applied Materials Inc. | New | 1.89% | +1.89 |
| GOOG Alphabet Inc. Class C | Add +6.4% | 8.42% | +0.66 |
| ELV Elevance Health Inc. | Add +24.7% | 3.04% | +0.00 |
| APTV Aptiv PLC | Add +0.1% | 0.08% | +0.00 |
| UL Unilever PLC | Add +0.2% | 0.01% | −0.00 |
| TFC Truist Financial Corp. | Add +0.3% | 0.13% | −0.01 |
| HSBC HSBC Holdings PLC-Spons ADR | Add +0.1% | 0.24% | −0.01 |
| ABT Abbott Laboratories | Add +0.1% | 0.22% | −0.02 |
| ABBV Abbvie Inc. | Add +0.1% | 0.14% | −0.04 |
| PDD PDD Holdings Inc. | Add +21.5% | 1.20% | −0.04 |
| UNH Unitedhealth Group Inc. | Add +14.0% | 2.49% | −1.59 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 47 | $99.8B | TSM, GOOG, AMZN, META, MSFT |
| Q1 2026 | 44 | $83.9B | TSM, GOOG, AMZN, META, STX |
| Q4 2025 | 44 | $86.8B | GOOG, TSM, META, MSFT, HCA |
| Q3 2025 | 47 | $81.3B | TSM, GOOG, META, MSFT, HCA |
| Q2 2025 | 47 | $74.5B | TSM, META, MSFT, GOOG, HCA |
| Q1 2025 | 47 | $66.9B | META, TSM, GOOG, MSFT, HCA |
| Q4 2024 | 46 | $68.4B | TSM, META, GOOG, MSFT, AAPL |
| Q3 2024 | 45 | $69.0B | META, TSM, MSFT, GOOG, HCA |
| Q2 2024 | 45 | $65.3B | TSM, META, MSFT, GOOG, AAPL |
| Q1 2024 | 42 | $59.9B | META, TSM, MSFT, GOOG, HCA |