Q3 2025 · 13F-HR
BRANDES INVESTMENT PARTNERS, LPholdings as filed
Filed 2025-11-14 · accession 0001015079-25-000040
$12.47B
Reported value
180
Positions
2025-09-30
Period end
The Brief · BRANDES INVESTMENT PARTNERS, LP · Q3 2025
AI · grounded in 13F
BRANDES INVESTMENT PARTNERS, LP established a new position in CAE INC CAE valued at $444.3M. The fund also initiated new stakes in EMBRAER S.A. EMBJ for $355.6M and OPEN TEXT CORP OTEX for $336.4M. Other new additions include GRIFOLS S A GRFS and MILLICOM INTL CELLULAR S A TIGO. The fund manages a total of 180 positions with $12.5B in assets under management.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 124765108 | CAE | CAE INC | $444.3M | 3.56% | 14,989,914 | Common | SOLE |
| 29082A107 | EMBJ | EMBRAER S.A. | $355.6M | 2.85% | 5,883,293 | Common | SOLE |
| 683715106 | OTEX | OPEN TEXT CORP | $336.4M | 2.70% | 8,999,391 | Common | SOLE |
| 398438408 | GRFS | GRIFOLS S A | $290.0M | 2.33% | 29,115,496 | Common | SOLE |
| L6388F110 | TIGO | MILLICOM INTL CELLULAR S A | $283.2M | 2.27% | 5,835,307 | Common | SOLE |
| 172967424 | C | CITIGROUP INC | $266.0M | 2.13% | 2,620,917 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $257.5M | 2.06% | 4,991,025 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $244.9M | 1.96% | 2,921,669 | Common | SOLE |
| 883203101 | TXT | TEXTRON INC | $242.3M | 1.94% | 2,867,663 | Common | SOLE |
| 125523100 | CI | THE CIGNA GROUP | $238.8M | 1.91% | 828,405 | Common | SOLE |
| 151290889 | CX | CEMEX SAB DE CV | $223.9M | 1.80% | 24,902,885 | Common | SOLE |
| G02602103 | DOX | AMDOCS LTD | $216.7M | 1.74% | 2,640,721 | Common | SOLE |
| 489170100 | KMT | KENNAMETAL INC | $216.1M | 1.73% | 10,326,140 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON & CO | $215.7M | 1.73% | 1,152,603 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $214.4M | 1.72% | 8,412,771 | Common | SOLE |
| 337738108 | FISV | FISERV INC | $206.6M | 1.66% | 1,602,704 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $203.3M | 1.63% | 2,422,667 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $183.9M | 1.47% | 2,570,622 | Common | SOLE |
| 406216101 | HAL | HALLIBURTON CO | $183.2M | 1.47% | 7,446,925 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $181.8M | 1.46% | 5,785,056 | Common | SOLE |
| 31428X106 | FDX | FEDEX CORP | $171.9M | 1.38% | 728,871 | Common | SOLE |
| 40412C101 | HCA | HCA HEALTHCARE INC | $170.9M | 1.37% | 401,056 | Common | SOLE |
| 693475105 | PNC | PNC FINL SVCS GROUP INC | $157.6M | 1.26% | 784,152 | Common | SOLE |
| 428291108 | HXL | HEXCEL CORP NEW | $156.7M | 1.26% | 2,498,697 | Common | SOLE |
| 14149Y108 | CAH | CARDINAL HEALTH INC | $155.5M | 1.25% | 990,631 | Common | SOLE |
| 22052L104 | CTVA | CORTEVA INC | $154.7M | 1.24% | 2,287,530 | Common | SOLE |
| 192446102 | CTSH | COGNIZANT TECHNOLOGY SOLUTIO | $151.8M | 1.22% | 2,263,702 | Common | SOLE |
| 58155Q103 | MCK | MCKESSON CORP | $142.5M | 1.14% | 184,441 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $142.3M | 1.14% | 850,419 | Common | SOLE |
| 457651107 | INVX | INNOVEX INTERNATIONAL INC | $142.0M | 1.14% | 7,657,368 | Common | SOLE |
| G0450A105 | ACGL | ARCH CAP GROUP LTD | $136.7M | 1.10% | 1,506,483 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $135.7M | 1.09% | 1,799,482 | Common | SOLE |
| 80105N105 | SNY | SANOFI SA | $133.2M | 1.07% | 2,822,971 | Common | SOLE |
| L44385109 | GLOB | GLOBANT S A | $132.5M | 1.06% | 2,309,000 | Common | SOLE |
| G4705A100 | ICLR | ICON PLC | $132.2M | 1.06% | 755,660 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $128.8M | 1.03% | 373,112 | Common | SOLE |
| 410345102 | HN9 | HANESBRANDS INC | $127.4M | 1.02% | 19,338,869 | Common | SOLE |
| 29414B104 | EPAM | EPAM SYS INC | $124.0M | 0.99% | 822,550 | Common | SOLE |
| 291011104 | EMR | EMERSON ELEC CO | $124.0M | 0.99% | 945,148 | Common | SOLE |
| 28414H103 | ELAN | ELANCO ANIMAL HEALTH INC | $119.6M | 0.96% | 5,939,517 | Common | SOLE |
| 960413102 | WLK | WESTLAKE CORPORATION | $119.3M | 0.96% | 1,548,694 | Common | SOLE |
| 026874784 | AIG | AMERICAN INTL GROUP INC | $118.5M | 0.95% | 1,508,917 | Common | SOLE |
| 608190104 | MHK | MOHAWK INDS INC | $118.1M | 0.95% | 915,925 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $117.5M | 0.94% | 657,221 | Common | SOLE |
| 04206A101 | ARLO | ARLO TECHNOLOGIES INC | $108.9M | 0.87% | 6,426,644 | Common | SOLE |
| 68268W103 | OMF | ONEMAIN HLDGS INC | $108.8M | 0.87% | 1,927,307 | Common | SOLE |
| 28035Q102 | EPC | EDGEWELL PERS CARE CO | $107.0M | 0.86% | 5,257,559 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD | $105.0M | 0.84% | 1,787,995 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $102.6M | 0.82% | 660,914 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $99.8M | 0.80% | 410,345 | Common | SOLE |
| 78467J100 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $91.1M | 0.73% | 1,026,499 | Common | SOLE |
| G96629103 | WTW | WILLIS TOWERS WATSON PLC LTD | $89.7M | 0.72% | 259,612 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $85.3M | 0.68% | 350,133 | Common | SOLE |
| 30034W106 | EVRG | EVERGY INC | $83.9M | 0.67% | 1,103,754 | Common | SOLE |
| G29687103 | AVDL | AVADEL PHARMACEUTICALS PLC | $83.1M | 0.67% | 5,444,803 | Common | SOLE |
| 457030104 | IMKTA | INGLES MKTS INC | $80.7M | 0.65% | 1,160,377 | Common | SOLE |
| 37733W204 | GSK | GSK PLC | $80.6M | 0.65% | 1,868,004 | Common | SOLE |
| 81211K100 | SDA | SEALED AIR CORP NEW | $80.5M | 0.65% | 2,275,814 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $78.1M | 0.63% | 421,050 | Common | SOLE |
| 981475106 | WKC | WORLD KINECT CORPORATION | $76.2M | 0.61% | 2,938,260 | Common | SOLE |
| 084423102 | WRB | BERKLEY W R CORP | $75.8M | 0.61% | 988,836 | Common | SOLE |
| 384556106 | GHM | GRAHAM CORP | $75.3M | 0.60% | 1,372,218 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS SA | $75.1M | 0.60% | 632,129 | Common | SOLE |
| 615394202 | MOG/A | MOOG INC | $72.0M | 0.58% | 346,726 | Common | SOLE |
| 871829107 | SYY | SYSCO CORP | $67.9M | 0.54% | 824,962 | Common | SOLE |
| 02390A101 | AMX | AMERICA MOVIL SAB DE CV | $65.8M | 0.53% | 3,134,710 | Common | SOLE |
| 857477103 | STT | STATE STR CORP | $65.2M | 0.52% | 561,627 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $64.5M | 0.52% | 204,354 | Common | SOLE |
| 504922105 | LH | LABCORP HOLDINGS INC | $64.1M | 0.51% | 223,263 | Common | SOLE |
| 70014A104 | PKE | PARK AEROSPACE CORP | $62.7M | 0.50% | 3,084,180 | Common | SOLE |
| 681919106 | OMC | OMNICOM GROUP INC | $62.3M | 0.50% | 763,870 | Common | SOLE |
| 71654V101 | PBR/A | PETROLEO BRASILEIRO SA PETRO | $62.2M | 0.50% | 5,258,639 | Common | SOLE |
| H42097107 | UBS | UBS GROUP AG | $58.4M | 0.47% | 1,425,439 | Common | SOLE |
| 874060205 | TAK | TAKEDA PHARMACEUTICAL CO LTD | $57.6M | 0.46% | 3,931,803 | Common | SOLE |
| 501889208 | LKQ | LKQ CORP | $55.8M | 0.45% | 1,827,051 | Common | SOLE |
| Y2573F102 | FLEX | FLEX LTD | $54.5M | 0.44% | 939,905 | Common | SOLE |
| 64111Q104 | NTGR | NETGEAR INC | $54.3M | 0.44% | 1,675,260 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $51.8M | 0.42% | 185,428 | Common | SOLE |
| 806857108 | SLB | SCHLUMBERGER LTD | $51.7M | 0.41% | 1,503,924 | Common | SOLE |
| 459506101 | IFF | INTERNATIONAL FLAVORS&FRAGRA | $50.7M | 0.41% | 823,636 | Common | SOLE |
| 064058100 | BK | BANK NEW YORK MELLON CORP | $50.3M | 0.40% | 461,406 | Common | SOLE |
| 499049104 | KNX | KNIGHT-SWIFT TRANSN HLDGS IN | $49.8M | 0.40% | 1,259,843 | Common | SOLE |
| 02319V103 | ABEV | AMBEV SA | $48.4M | 0.39% | 21,725,467 | Common | SOLE |
| 89151E109 | TTEN | TOTALENERGIES SE | $45.7M | 0.37% | 766,340 | Common | SOLE |
| 053332102 | AZO | AUTOZONE INC | $45.6M | 0.37% | 10,625 | Common | SOLE |
| 83175M205 | SNN | SMITH & NEPHEW PLC | $45.4M | 0.36% | 1,250,197 | Common | SOLE |
| 500472303 | PHG | KONINKLIJKE PHILIPS N V | $44.1M | 0.35% | 1,618,641 | Common | SOLE |
| 887389104 | TKR | TIMKEN CO | $44.0M | 0.35% | 585,878 | Common | SOLE |
| 87612E106 | TGT | TARGET CORP | $43.8M | 0.35% | 488,772 | Common | SOLE |
| 603158106 | MTX | MINERALS TECHNOLOGIES INC | $41.4M | 0.33% | 666,958 | Common | SOLE |
| 68628V308 | ORN | ORION GROUP HLDGS INC | $41.2M | 0.33% | 4,953,530 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $40.0M | 0.32% | 2,461,745 | Common | SOLE |
| 457187102 | INGR | INGREDION INC | $39.0M | 0.31% | 319,648 | Common | SOLE |
| 861012102 | STM | STMICROELECTRONICS N V | $36.8M | 0.30% | 1,301,857 | Common | SOLE |
| 29364G103 | ETR | ENTERGY CORP NEW | $36.1M | 0.29% | 387,769 | Common | SOLE |
| 350060109 | FSTR | FOSTER L B CO | $36.1M | 0.29% | 1,340,044 | Common | SOLE |
| 803054204 | SAP | SAP SE | $36.0M | 0.29% | 134,757 | Common | SOLE |
| 89832Q109 | TFC | TRUIST FINL CORP | $35.7M | 0.29% | 781,602 | Common | SOLE |
| 698813102 | PZZA | PAPA JOHNS INTL INC | $35.5M | 0.28% | 737,029 | Common | SOLE |
| 87936R205 | VIV | TELEFONICA BRASIL SA | $33.7M | 0.27% | 2,640,717 | Common | SOLE |
| 48581R205 | KSPI | KASPI KZ JSC | $33.3M | 0.27% | 407,732 | Common | SOLE |
| 66987V109 | NVS | NOVARTIS AG | $31.8M | 0.25% | 247,875 | Common | SOLE |
| 74736K101 | QRVO | QORVO INC | $31.4M | 0.25% | 344,713 | Common | SOLE |
| G39108108 | GTES | GATES INDL CORP PLC | $28.0M | 0.22% | 1,129,442 | Common | SOLE |
| 438128308 | HMC | HONDA MOTOR LTD | $27.6M | 0.22% | 896,042 | Common | SOLE |
| 26874R108 | E | ENI S P A | $25.7M | 0.21% | 736,457 | Common | SOLE |
| 553530106 | MSM | MSC INDL DIRECT INC | $25.1M | 0.20% | 272,306 | Common | SOLE |
| 904708104 | UNF | UNIFIRST CORP MASS | $23.3M | 0.19% | 139,200 | Common | SOLE |
| 917488108 | UTMD | UTAH MED PRODS INC | $21.3M | 0.17% | 337,930 | Common | SOLE |
| 29278D105 | ENIC | ENEL CHILE S.A. | $20.0M | 0.16% | 5,149,843 | Common | SOLE |
| 74112D101 | PBH | PRESTIGE CONSMR HEALTHCARE I | $19.6M | 0.16% | 313,993 | Common | SOLE |
| 92937A102 | WPP | WPP PLC NEW | $19.0M | 0.15% | 759,236 | Common | SOLE |
| 74051N102 | 2655957D | PREMIER INC | $18.6M | 0.15% | 670,452 | Common | SOLE |
| N20944109 | CNH | CNH INDL N V | $17.5M | 0.14% | 1,613,465 | Common | SOLE |
| 02875D109 | AOUT | AMERICAN OUTDOOR BRANDS INC | $15.4M | 0.12% | 1,770,674 | Common | SOLE |
| 606822104 | MUFG | MITSUBISHI UFJ FINL GROUP IN | $15.2M | 0.12% | 951,620 | Common | SOLE |
| 624580106 | MOV | MOVADO GROUP INC | $12.6M | 0.10% | 666,449 | Common | SOLE |
| 421906108 | HCSG | HEALTHCARE SVCS GROUP INC | $11.9M | 0.10% | 707,646 | Common | SOLE |
| 44980X109 | IPGP | IPG PHOTONICS CORP | $11.2M | 0.09% | 141,112 | Common | SOLE |
| 58502B106 | MD | PEDIATRIX MEDICAL GROUP INC | $10.6M | 0.08% | 630,711 | Common | SOLE |
| 52634L108 | LNSR | LENSAR INC | $9.6M | 0.08% | 777,703 | Common | SOLE |
| 810186106 | SMG | SCOTTS MIRACLE-GRO CO | $9.1M | 0.07% | 159,372 | Common | SOLE |
| 447324104 | HURC | HURCO CO | $8.6M | 0.07% | 494,264 | Common | SOLE |
| 460690100 | IPG | INTERPUBLIC GROUP COS INC | $7.6M | 0.06% | 270,689 | Common | SOLE |
| 835495102 | SON | SONOCO PRODS CO | $7.5M | 0.06% | 174,782 | Common | SOLE |
| 639057207 | NWG | NATWEST GROUP PLC | $7.3M | 0.06% | 518,113 | Common | SOLE |
| 807066105 | SCHL | SCHOLASTIC CORP | $7.2M | 0.06% | 262,279 | Common | SOLE |
| 76122Q105 | RGP | RESOURCES CONNECTION INC | $7.1M | 0.06% | 1,399,276 | Common | SOLE |
| 637215104 | NPK | NATIONAL PRESTO INDS INC | $7.0M | 0.06% | 62,405 | Common | SOLE |
| 634865109 | NKSH | NATIONAL BANKSHARES INC VA | $6.8M | 0.05% | 231,807 | Common | SOLE |
| 26942G100 | EBMT | EAGLE BANCORP MONT INC | $6.7M | 0.05% | 390,369 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $6.7M | 0.05% | 55,928 | Common | SOLE |
| 104674106 | BRC | BRADY CORP | $6.1M | 0.05% | 78,391 | Common | SOLE |
| 24906P109 | XRAY | DENTSPLY SIRONA INC | $5.9M | 0.05% | 467,636 | Common | SOLE |
| 46266C105 | IQV | IQVIA HLDGS INC | $5.2M | 0.04% | 27,469 | Common | SOLE |
| 68622V106 | OGN | ORGANON & CO | $4.4M | 0.04% | 413,435 | Common | SOLE |
| 60871R209 | TAP | MOLSON COORS BEVERAGE CO | $4.2M | 0.03% | 93,835 | Common | SOLE |
| G2519Y108 | BAP | CREDICORP LTD | $4.1M | 0.03% | 15,441 | Common | SOLE |
| 315616102 | FFIV | F5 INC | $3.6M | 0.03% | 11,241 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $3.5M | 0.03% | 102,460 | Common | SOLE |
| 88706T108 | TIMB | TIM S A | $3.4M | 0.03% | 152,527 | Common | SOLE |
| 042735100 | ARW | ARROW ELECTRS INC | $3.3M | 0.03% | 27,076 | Common | SOLE |
| 715684106 | TLK | P T TELEKOMUNIKASI INDONESIA | $3.2M | 0.03% | 170,253 | Common | SOLE |
| 824596100 | SHG | SHINHAN FINANCIAL GROUP CO L | $3.1M | 0.03% | 62,047 | Common | SOLE |
| 174610105 | CFG | CITIZENS FINL GROUP INC | $3.0M | 0.02% | 56,445 | Common | SOLE |
| 404280406 | HSBC | HSBC HLDGS PLC | $2.8M | 0.02% | 39,489 | Common | SOLE |
| 436440101 | HO1 | HOLOGIC INC | $2.7M | 0.02% | 39,522 | Common | SOLE |
| 784117103 | SEIC | SEI INVTS CO | $2.4M | 0.02% | 28,820 | Common | SOLE |
| 98980A105 | ZTO | ZTO EXPRESS CAYMAN INC | $2.2M | 0.02% | 113,768 | Common | SOLE |
| 52736R102 | LEVI | LEVI STRAUSS & CO NEW | $2.1M | 0.02% | 89,940 | Common | SOLE |
| 344419106 | FMX | FOMENTO ECONOMICO MEXICANO S | $2.1M | 0.02% | 20,815 | Common | SOLE |
| 34965K107 | FTRE | FORTREA HLDGS INC | $2.1M | 0.02% | 243,820 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $2.0M | 0.02% | 18,709 | Common | SOLE |
| 86959K105 | SUZ | SUZANO S A | $2.0M | 0.02% | 209,058 | Common | SOLE |
| 83601L102 | SHC | SOTERA HEALTH CO | $1.9M | 0.02% | 119,995 | Common | SOLE |
| 134429109 | CPB | THE CAMPBELLS COMPANY | $1.9M | 0.01% | 59,162 | Common | SOLE |
| 963320106 | WHR | WHIRLPOOL CORP | $1.8M | 0.01% | 23,058 | Common | SOLE |
| 001084102 | AGCO | AGCO CORP | $1.8M | 0.01% | 16,648 | Common | SOLE |
| 775109200 | RCI | ROGERS COMMUNICATIONS INC | $1.8M | 0.01% | 51,558 | Common | SOLE |
| 811543107 | SEB | SEABOARD CORP DEL | $1.6M | 0.01% | 443 | Common | SOLE |
| 422347104 | HTLD | HEARTLAND EXPRESS INC | $1.6M | 0.01% | 192,689 | Common | SOLE |
| 71742Q106 | PAHC | PHIBRO ANIMAL HEALTH CORP | $1.6M | 0.01% | 38,475 | Common | SOLE |
| 98956P102 | ZBH | ZIMMER BIOMET HOLDINGS INC | $1.5M | 0.01% | 15,495 | Common | SOLE |
| 513847103 | MZTI | MARZETTI COMPANY | $1.4M | 0.01% | 8,260 | Common | SOLE |
| 053807103 | AVT | AVNET INC | $1.4M | 0.01% | 25,846 | Common | SOLE |
| 91307C102 | UTHR | UNITED THERAPEUTICS CORP DEL | $1.3M | 0.01% | 3,017 | Common | SOLE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $1.3M | 0.01% | 15,126 | Common | SOLE |
| 680223104 | ORI | OLD REP INTL CORP | $1.2M | 0.01% | 28,721 | Common | SOLE |
| 806407102 | HSIC | HENRY SCHEIN INC | $1.1M | 0.01% | 17,191 | Common | SOLE |
| 92540K109 | VTMX | VESTA REAL ESTATE CORP | $1.1M | 0.01% | 40,024 | Common | SOLE |
| G9618E107 | WTM | WHITE MTNS INS GROUP LTD | $1.0M | 0.01% | 614 | Common | SOLE |
| 126117100 | CNA | CNA FINL CORP | $848,545 | 0.01% | 18,264 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $792,166 | 0.01% | 14,924 | Common | SOLE |
| 25243Q205 | DEO | DIAGEO PLC | $629,075 | 0.01% | 6,592 | Common | NONE |
| 515098101 | LSTR | LANDSTAR SYS INC | $619,786 | 0.00% | 5,057 | Common | SOLE |
| 922908744 | VTV | VANGUARD INDEX FDS | $618,587 | 0.00% | 3,317 | Common | SOLE |
| 46432F834 | IXUS | ISHARES TR | $322,723 | 0.00% | 3,908 | Common | SOLE |
| 38500T200 | GTE | GRAN TIERRA ENERGY INC | $277,830 | 0.00% | 63,869 | Common | SOLE |
| 922908611 | VBR | VANGUARD INDEX FDS | $271,532 | 0.00% | 1,301 | Common | SOLE |
| 191241108 | KOF | COCA-COLA FEMSA SAB DE CV | $219,549 | 0.00% | 2,642 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.