Sanders Capital, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Sanders Capital, LLC reported 44 stock positions worth $86.8 billion. Its top holding was Alphabet Class C (GOOG) at 11.5% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 11.2%) and Meta Platforms Class A (META, 7.6%). Compared with Q3 2025, it opened 1 new position, sold out of 4, added to 12 and reduced 31. The biggest buy was a new position in Salesforce (CRM) and the biggest sale Microsoft (MSFT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- West Palm Beach, FL
- CIK
- 0001508097
- Portfolio Value
- $86.8B (Q4 2025)
- SEC Filing
- 0001172661-26-000730 ↗ filed Feb 13, 2026
Holdings Value
Holdings 44 stocks · $86.8B
| GOOG Alphabet Inc. Class C | 11.53% | 31,914,021 | $10.0B | Reduce -5.2% |
| TSM Taiwan Semiconductor-SP ADR | 11.19% | 31,958,360 | $9.7B | Reduce -1.0% |
| META Meta Platforms Inc. Class A | 7.63% | 10,038,174 | $6.6B | Add +5.7% |
| MSFT Microsoft Corp. | 6.77% | 12,150,215 | $5.9B | Reduce -1.1% |
| HCA HCA Healthcare Inc. | 5.63% | 10,464,168 | $4.9B | Reduce -2.0% |
| STX Seagate Technology Holdings | 5.45% | 17,180,892 | $4.7B | Reduce -2.0% |
| AMZN Amazon.com Inc. | 3.96% | 14,900,430 | $3.4B | Reduce -0.2% |
| AAPL Apple Inc. | 3.42% | 10,910,255 | $3.0B | Reduce -0.5% |
| ACN Accenture PLC Class A | 3.39% | 10,963,615 | $2.9B | Add +14.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.87% | 45,271,028 | $2.5B | Reduce -0.2% |
| CRM Salesforce Inc. | 2.63% | 8,615,819 | $2.3B | New |
| AMAT Applied Materials Inc. | 2.62% | 8,835,961 | $2.3B | Reduce -19.5% |
| CI The Cigna Group | 2.47% | 7,801,089 | $2.1B | Reduce -0.3% |
| DAL Delta Air Lines Inc. | 2.36% | 29,577,814 | $2.1B | Add +0.2% |
| ELV Elevance Health Inc. | 2.32% | 5,750,865 | $2.0B | Reduce -0.3% |
| UNH Unitedhealth Group Inc. | 2.28% | 5,997,142 | $2.0B | Reduce -0.6% |
| RTX RTX Corp. | 1.98% | 9,395,871 | $1.7B | Reduce -0.0% |
| UAL United Airlines Holdings Inc. | 1.96% | 15,182,819 | $1.7B | Add +2.8% |
| BKNG Booking Holdings Inc. | 1.83% | 297,456 | $1.6B | Add +3.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.61% | 2,050,638 | $1.4B | Add +20.4% |
| JPM JPMorgan Chase & Co. | 1.60% | 4,305,493 | $1.4B | Reduce -0.7% |
| AZN Astrazeneca PLC-Spons ADR | 1.50% | 14,139,408 | $1.3B | Add +0.6% |
| GD General Dynamics Corp. | 1.43% | 3,677,624 | $1.2B | Reduce -1.5% |
| V Visa Inc. Class A | 1.34% | 3,315,303 | $1.2B | Add +6.5% |
| CME Cme Group Inc. | 1.31% | 4,177,515 | $1.1B | Add +12.1% |
| NOC Northrop Grumman Corp. | 1.25% | 1,903,403 | $1.1B | Reduce -1.2% |
| PG The Procter & Gamble Co. | 1.12% | 6,775,686 | $971.0M | Reduce -0.5% |
| PDD PDD Holdings Inc. | 1.06% | 8,112,327 | $919.9M | Reduce -0.3% |
| MA Mastercard Inc. Class A | 1.02% | 1,548,588 | $884.1M | Add +9.4% |
| ULTA Ulta Beauty Inc. | 0.88% | 1,263,736 | $764.6M | Reduce -0.0% |
| TCOM Trip.com Group Ltd.-ADR | 0.82% | 9,890,637 | $711.2M | Add +0.2% |
| PEP Pepsico Inc. | 0.70% | 4,245,422 | $609.3M | Reduce -12.4% |
| LMT Lockheed Martin Corp. | 0.64% | 1,143,227 | $552.9M | Add +125.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.55% | 6,463,079 | $475.4M | Reduce -28.5% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.26% | 2,887,470 | $227.2M | Reduce -2.8% |
| FISV Fiserv Inc. | 0.18% | 2,292,304 | $154.0M | Reduce -0.4% |
| ABT Abbott Laboratories | 0.17% | 1,151,585 | $144.3M | Reduce -2.9% |
| ABBV Abbvie Inc. | 0.14% | 532,163 | $121.6M | Reduce -3.0% |
| TFC Truist Financial Corp. | 0.12% | 2,102,622 | $103.5M | Reduce -3.0% |
| SHG Shinhan Financial Group-ADR | 0.01% | 157,486 | $8.4M | Reduce -2.7% |
| UL Unilever PLC-Sponsored ADR | 0.01% | 98,335 | $6.4M | Reduce -4.2% |
| NWG Natwest Group PLC -Spon ADR | 0.00% | 205,464 | $3.6M | Reduce -6.5% |
| ING ING Groep N.V.-Sponsored ADR | 0.00% | 128,385 | $3.6M | Reduce -6.4% |
| SYF Synchrony Financial | 0.00% | 19,837 | $1.7M | Reduce -7.6% |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -1.1% | 6.77% | −1.06 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.79 |
| HAL Halliburton Co. | Sold out | 0.00% | −0.79 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.32 |
| CI The Cigna Group | Reduce -0.3% | 2.47% | −0.30 |
| UNH Unitedhealth Group Inc. | Reduce -0.6% | 2.28% | −0.28 |
| PDD PDD Holdings Inc. | Reduce -0.3% | 1.06% | −0.26 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -28.5% | 0.55% | −0.25 |
| NOC Northrop Grumman Corp. | Reduce -1.2% | 1.25% | −0.19 |
| FISV Fiserv Inc. | Reduce -0.4% | 0.18% | −0.19 |
| PG The Procter & Gamble Co. | Reduce -0.5% | 1.12% | −0.17 |
| AMAT Applied Materials Inc. | Reduce -19.5% | 2.62% | −0.15 |
| GD General Dynamics Corp. | Reduce -1.5% | 1.43% | −0.14 |
| PEP Pepsico Inc. | Reduce -12.4% | 0.70% | −0.14 |
| C Citigroup Inc. | Sold out | 0.00% | −0.12 |
| JPM JPMorgan Chase & Co. | Reduce -0.7% | 1.60% | −0.09 |
| AMZN Amazon.com Inc. | Reduce -0.2% | 3.96% | −0.07 |
| ABT Abbott Laboratories | Reduce -2.9% | 0.17% | −0.03 |
| AAPL Apple Inc. | Reduce -0.5% | 3.42% | −0.02 |
| ABBV Abbvie Inc. | Reduce -3.0% | 0.14% | −0.02 |
| BAC Bank of America Corp. | Reduce -0.2% | 2.87% | −0.01 |
| TFC Truist Financial Corp. | Reduce -3.0% | 0.12% | −0.00 |
| UL Unilever PLC-Sponsored ADR | Reduce -4.2% | 0.01% | −0.00 |
| ING ING Groep N.V.-Sponsored ADR | Reduce -6.4% | 0.00% | −0.00 |
| SHG Shinhan Financial Group-ADR | Reduce -2.7% | 0.01% | −0.00 |
| SYF Synchrony Financial | Reduce -7.6% | 0.00% | 0.00 |
| NWG Natwest Group PLC -Spon ADR | Reduce -6.5% | 0.00% | +0.00 |
| HSBC HSBC Holdings PLC-Spons ADR | Reduce -2.8% | 0.26% | +0.00 |
| ELV Elevance Health Inc. | Reduce -0.3% | 2.32% | +0.03 |
| HCA HCA Healthcare Inc. | Reduce -2.0% | 5.63% | +0.03 |
| ULTA Ulta Beauty Inc. | Reduce -0.0% | 0.88% | +0.03 |
| RTX RTX Corp. | Reduce -0.0% | 1.98% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -1.0% | 11.19% | +0.10 |
| STX Seagate Technology Holdings | Reduce -2.0% | 5.45% | +0.36 |
| GOOG Alphabet Inc. Class C | Reduce -5.2% | 11.53% | +1.45 |
Portfolio Buys Q3 2025 → Q4 2025
| CRM Salesforce Inc. | New | 2.63% | +2.63 |
| ACN Accenture PLC Class A | Add +14.0% | 3.39% | +0.47 |
| LMT Lockheed Martin Corp. | Add +125.8% | 0.64% | +0.33 |
| DAL Delta Air Lines Inc. | Add +0.2% | 2.36% | +0.30 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +20.4% | 1.61% | +0.21 |
| UAL United Airlines Holdings Inc. | Add +2.8% | 1.96% | +0.20 |
| AZN Astrazeneca PLC-Spons ADR | Add +0.6% | 1.50% | +0.17 |
| CME Cme Group Inc. | Add +12.1% | 1.31% | +0.08 |
| V Visa Inc. Class A | Add +6.5% | 1.34% | +0.03 |
| MA Mastercard Inc. Class A | Add +9.4% | 1.02% | +0.03 |
| BKNG Booking Holdings Inc. | Add +3.7% | 1.83% | −0.07 |
| TCOM Trip.com Group Ltd.-ADR | Add +0.2% | 0.82% | −0.09 |
| META Meta Platforms Inc. Class A | Add +5.7% | 7.63% | −0.95 |
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 |