Sanders Capital, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Sanders Capital, LLC reported 47 stock positions worth $81.3 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 11.1% of the portfolio, followed by Alphabet Class C (GOOG, 10.1%) and Meta Platforms Class A (META, 8.6%). Compared with Q2 2025, it opened 2 new positions, sold out of 2, added to 14 and reduced 31. The biggest buy was a new position in Cme (CME) and the biggest sale Meta Platforms Class A (META, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- West Palm Beach, FL
- CIK
- 0001508097
- Portfolio Value
- $81.3B (Q3 2025)
- SEC Filing
- 0001172661-25-004770 ↗ filed Nov 13, 2025
Holdings Value
Holdings 47 stocks · $81.3B
| TSM Taiwan Semiconductor-SP ADR | 11.09% | 32,280,404 | $9.0B | Reduce -15.7% |
| GOOG Alphabet Inc. Class C | 10.09% | 33,666,706 | $8.2B | Reduce -4.8% |
| META Meta Platforms Inc. Class A | 8.58% | 9,494,819 | $7.0B | Reduce -6.6% |
| MSFT Microsoft Corp. | 7.83% | 12,284,995 | $6.4B | Reduce -3.8% |
| HCA HCA Healthcare Inc. | 5.60% | 10,675,663 | $4.5B | Reduce -3.9% |
| STX Seagate Technology Holdings | 5.09% | 17,541,266 | $4.1B | Reduce -3.0% |
| AMZN Amazon.com Inc. | 4.03% | 14,932,624 | $3.3B | Add +11.3% |
| AAPL Apple Inc. | 3.43% | 10,964,047 | $2.8B | Reduce -15.5% |
| ACN Accenture PLC Class A | 2.92% | 9,615,366 | $2.4B | Add +9.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.88% | 45,372,160 | $2.3B | Reduce -3.8% |
| CI The Cigna Group | 2.78% | 7,828,168 | $2.3B | Add +0.5% |
| AMAT Applied Materials Inc. | 2.77% | 10,978,990 | $2.2B | Add +42.6% |
| UNH Unitedhealth Group Inc. | 2.56% | 6,030,588 | $2.1B | Add +1.4% |
| ELV Elevance Health Inc. | 2.29% | 5,768,918 | $1.9B | Reduce -1.0% |
| DAL Delta Air Lines Inc. | 2.06% | 29,525,241 | $1.7B | Reduce -2.8% |
| RTX RTX Corp. | 1.93% | 9,396,659 | $1.6B | Reduce -0.1% |
| BKNG Booking Holdings Inc. | 1.91% | 286,928 | $1.5B | Add +4.7% |
| UAL United Airlines Holdings Inc. | 1.75% | 14,773,585 | $1.4B | Add +1.8% |
| JPM JPMorgan Chase & Co. | 1.68% | 4,337,030 | $1.4B | Reduce -4.6% |
| GD General Dynamics Corp. | 1.57% | 3,732,044 | $1.3B | Reduce -5.3% |
| NOC Northrop Grumman Corp. | 1.44% | 1,926,438 | $1.2B | Reduce -2.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.40% | 1,703,900 | $1.1B | Add +205.5% |
| AZN Astrazeneca PLC-Spons ADR | 1.33% | 14,058,682 | $1.1B | Reduce -3.2% |
| PDD PDD Holdings Inc. | 1.32% | 8,133,290 | $1.1B | Reduce -4.6% |
| V Visa Inc. Class A | 1.31% | 3,112,880 | $1.1B | Add +1.2% |
| PG The Procter & Gamble Co. | 1.29% | 6,809,969 | $1.0B | Reduce -3.6% |
| CME Cme Group Inc. | 1.24% | 3,726,755 | $1.0B | New |
| MA Mastercard Inc. Class A | 0.99% | 1,415,000 | $804.9M | Reduce -1.6% |
| TCOM Trip.com Group Ltd.-ADR | 0.91% | 9,868,196 | $742.1M | Add +7.2% |
| ULTA Ulta Beauty Inc. | 0.85% | 1,263,820 | $691.0M | Add +8.9% |
| PEP Pepsico Inc. | 0.84% | 4,844,312 | $680.3M | Reduce -3.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.79% | 9,042,229 | $645.3M | Add +184.8% |
| BABA Alibaba Group Holding-SP ADR | 0.79% | 3,607,811 | $644.8M | Reduce -57.7% |
| HAL Halliburton Co. | 0.79% | 26,004,682 | $639.7M | Add +9.4% |
| FISV Fiserv Inc. | 0.36% | 2,300,971 | $296.7M | Add +0.9% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.32% | 7,590,519 | $260.9M | Reduce -22.7% |
| LMT Lockheed Martin Corp. | 0.31% | 506,197 | $252.7M | New |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.26% | 2,970,010 | $210.8M | Reduce -0.1% |
| ABT Abbott Laboratories | 0.20% | 1,186,245 | $158.9M | Reduce -0.1% |
| ABBV Abbvie Inc. | 0.16% | 548,323 | $127.0M | Reduce -0.1% |
| TFC Truist Financial Corp. | 0.12% | 2,168,782 | $99.2M | Reduce -0.2% |
| C Citigroup Inc. | 0.12% | 943,584 | $95.8M | Reduce -92.0% |
| SHG Shinhan Financial Group-ADR | 0.01% | 161,786 | $8.1M | Reduce -0.1% |
| UL Unilever PLC | 0.01% | 115,530 | $6.8M | Reduce -3.0% |
| ING ING Groep N.V.-Sponsored ADR | 0.00% | 137,185 | $3.6M | Reduce -4.6% |
| NWG Natwest Group PLC -Spon ADR | 0.00% | 219,664 | $3.1M | Reduce -4.5% |
| SYF Synchrony Financial | 0.00% | 21,477 | $1.5M | Reduce -6.2% |
Portfolio Sells Q2 2025 → Q3 2025
| META Meta Platforms Inc. Class A | Reduce -6.6% | 8.58% | −1.50 |
| C Citigroup Inc. | Reduce -92.0% | 0.12% | −1.23 |
| ELV Elevance Health Inc. | Reduce -1.0% | 2.29% | −0.75 |
| MSFT Microsoft Corp. | Reduce -3.8% | 7.83% | −0.70 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -15.7% | 11.09% | −0.55 |
| BABA Alibaba Group Holding-SP ADR | Reduce -57.7% | 0.79% | −0.51 |
| PG The Procter & Gamble Co. | Reduce -3.6% | 1.29% | −0.22 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −0.20 |
| AAPL Apple Inc. | Reduce -15.5% | 3.43% | −0.14 |
| SLB SLB Ltd. | Reduce -22.7% | 0.32% | −0.12 |
| BAC Bank of America Corp. | Reduce -3.8% | 2.88% | −0.12 |
| HCA HCA Healthcare Inc. | Reduce -3.9% | 5.60% | −0.11 |
| MA Mastercard Inc. Class A | Reduce -1.6% | 0.99% | −0.09 |
| JPM JPMorgan Chase & Co. | Reduce -4.6% | 1.68% | −0.09 |
| APTV Aptiv PLC | Sold out | 0.00% | −0.08 |
| PEP Pepsico Inc. | Reduce -3.2% | 0.84% | −0.05 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -3.2% | 1.33% | −0.04 |
| ABT Abbott Laboratories | Reduce -0.1% | 0.20% | −0.02 |
| TFC Truist Financial Corp. | Reduce -0.2% | 0.12% | −0.00 |
| UL Unilever PLC | Reduce -3.0% | 0.01% | −0.00 |
| NWG Natwest Group PLC -Spon ADR | Reduce -4.5% | 0.00% | −0.00 |
| SYF Synchrony Financial | Reduce -6.2% | 0.00% | −0.00 |
| ING ING Groep N.V.-Sponsored ADR | Reduce -4.6% | 0.00% | +0.00 |
| SHG Shinhan Financial Group-ADR | Reduce -0.1% | 0.01% | +0.00 |
| HSBC HSBC Holdings PLC-Spons ADR | Reduce -0.1% | 0.26% | +0.02 |
| ABBV Abbvie Inc. | Reduce -0.1% | 0.16% | +0.02 |
| GD General Dynamics Corp. | Reduce -5.3% | 1.57% | +0.02 |
| DAL Delta Air Lines Inc. | Reduce -2.8% | 2.06% | +0.06 |
| RTX RTX Corp. | Reduce -0.1% | 1.93% | +0.09 |
| NOC Northrop Grumman Corp. | Reduce -2.7% | 1.44% | +0.11 |
| PDD PDD Holdings Inc. | Reduce -4.6% | 1.32% | +0.12 |
| STX Seagate Technology Holdings | Reduce -3.0% | 5.09% | +1.59 |
| GOOG Alphabet Inc. Class C | Reduce -4.8% | 10.09% | +1.67 |
Portfolio Buys Q2 2025 → Q3 2025
| CME Cme Group Inc. | New | 1.24% | +1.24 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +205.5% | 1.40% | +0.93 |
| AMAT Applied Materials Inc. | Add +42.6% | 2.77% | +0.87 |
| VEU Vanguard Ftse All-World Ex-U | Add +184.8% | 0.79% | +0.51 |
| LMT Lockheed Martin Corp. | New | 0.31% | +0.31 |
| UAL United Airlines Holdings Inc. | Add +1.8% | 1.75% | +0.20 |
| TCOM Trip.com Group Ltd.-ADR | Add +7.2% | 0.91% | +0.19 |
| HAL Halliburton Co. | Add +9.4% | 0.79% | +0.14 |
| ULTA Ulta Beauty Inc. | Add +8.9% | 0.85% | +0.12 |
| AMZN Amazon.com Inc. | Add +11.3% | 4.03% | +0.08 |
| UNH Unitedhealth Group Inc. | Add +1.4% | 2.56% | +0.07 |
| V Visa Inc. Class A | Add +1.2% | 1.31% | −0.16 |
| FISV Fiserv Inc. | Add +0.9% | 0.36% | −0.16 |
| BKNG Booking Holdings Inc. | Add +4.7% | 1.91% | −0.22 |
| ACN Accenture PLC Class A | Add +9.0% | 2.92% | −0.62 |
| CI The Cigna Group | Add +0.5% | 2.78% | −0.68 |
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 |