Q2 2025 · 13F-HR
BRANDES INVESTMENT PARTNERS, LPholdings as filed
Filed 2025-08-13 · accession 0001041062-25-000152
$11.06B
Reported value
181
Positions
2025-06-30
Period end
The Brief · BRANDES INVESTMENT PARTNERS, LP · Q2 2025
AI · grounded in 13F
Brandes Investment Partners, LP established a new position in CAE Inc CAE valued at $433.3M. The fund also initiated new stakes in Embraer S.A. EMBJ for $357.1M and Grifols S A GRFS for $253.4M. Other new additions include Millicom Intl Cellular S A TIGO and Open Text Corp OTEX. The fund ended the period with 181 positions and total AUM of $11.1B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 124765108 | CAE | CAE INC | $433.3M | 3.92% | 14,803,106 | Common | SOLE |
| 29082A107 | EMBJ | EMBRAER S.A. | $357.1M | 3.23% | 6,275,601 | Common | SOLE |
| 398438408 | GRFS | GRIFOLS S A | $253.4M | 2.29% | 28,035,461 | Common | SOLE |
| L6388F110 | TIGO | MILLICOM INTL CELLULAR S A | $248.2M | 2.24% | 6,624,718 | Common | SOLE |
| 683715106 | OTEX | OPEN TEXT CORP | $244.4M | 2.21% | 8,368,336 | Common | SOLE |
| 172967424 | C | CITIGROUP INC | $236.7M | 2.14% | 2,780,651 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $230.1M | 2.08% | 4,863,575 | Common | SOLE |
| 151290889 | CX | CEMEX SAB DE CV | $226.3M | 2.04% | 32,648,163 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $223.4M | 2.02% | 2,788,372 | Common | SOLE |
| 125523100 | CI | THE CIGNA GROUP | $223.1M | 2.02% | 674,759 | Common | SOLE |
| 883203101 | TXT | TEXTRON INC | $217.9M | 1.97% | 2,714,466 | Common | SOLE |
| G02602103 | DOX | AMDOCS LTD | $212.5M | 1.92% | 2,328,804 | Common | SOLE |
| 337738108 | FISV | FISERV INC | $201.0M | 1.82% | 1,166,009 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $198.9M | 1.80% | 5,573,835 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $195.0M | 1.76% | 8,042,709 | Common | SOLE |
| 489170100 | KMT | KENNAMETAL INC | $187.2M | 1.69% | 8,154,119 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $178.0M | 1.61% | 2,527,597 | Common | SOLE |
| 22052L104 | CTVA | CORTEVA INC | $174.1M | 1.57% | 2,335,741 | Common | SOLE |
| 192446102 | CTSH | COGNIZANT TECHNOLOGY SOLUTIO | $168.0M | 1.52% | 2,153,116 | Common | SOLE |
| 14149Y108 | CAH | CARDINAL HEALTH INC | $159.4M | 1.44% | 948,994 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $151.4M | 1.37% | 1,912,228 | Common | SOLE |
| 922908744 | VTV | VANGUARD INDEX FDS | $150.4M | 1.36% | 850,835 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON & CO | $150.1M | 1.36% | 871,110 | Common | SOLE |
| 31428X106 | FDX | FEDEX CORP | $149.8M | 1.35% | 658,807 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $142.8M | 1.29% | 1,158,894 | Common | SOLE |
| 064058100 | BK | BANK NEW YORK MELLON CORP | $140.1M | 1.27% | 1,537,771 | Common | SOLE |
| 40412C101 | HCA | HCA HEALTHCARE INC | $140.1M | 1.27% | 365,689 | Common | SOLE |
| 693475105 | PNC | PNC FINL SVCS GROUP INC | $137.9M | 1.25% | 739,521 | Common | SOLE |
| 428291108 | HXL | HEXCEL CORP NEW | $137.8M | 1.25% | 2,440,242 | Common | SOLE |
| 406216101 | HAL | HALLIBURTON CO | $135.0M | 1.22% | 6,625,668 | Common | SOLE |
| G0450A105 | ACGL | ARCH CAP GROUP LTD | $131.4M | 1.19% | 1,443,320 | Common | SOLE |
| 58155Q103 | MCK | MCKESSON CORP | $129.9M | 1.17% | 177,220 | Common | SOLE |
| 026874784 | AIG | AMERICAN INTL GROUP INC | $121.9M | 1.10% | 1,424,592 | Common | SOLE |
| 80105N105 | SNY | SANOFI | $120.0M | 1.08% | 2,483,767 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $118.9M | 1.07% | 1,723,998 | Common | SOLE |
| 291011104 | EMR | EMERSON ELEC CO | $118.0M | 1.07% | 884,967 | Common | SOLE |
| 28414H103 | ELAN | ELANCO ANIMAL HEALTH INC | $115.7M | 1.05% | 8,100,322 | Common | SOLE |
| 960413102 | WLK | WESTLAKE CORPORATION | $110.6M | 1.00% | 1,456,871 | Common | SOLE |
| 457651107 | INVX | INNOVEX INTERNATIONAL INC | $110.2M | 1.00% | 7,054,674 | Common | SOLE |
| 28035Q102 | EPC | EDGEWELL PERS CARE CO | $107.6M | 0.97% | 4,597,685 | Common | SOLE |
| 68268W103 | OMF | ONEMAIN HLDGS INC | $106.9M | 0.97% | 1,874,863 | Common | SOLE |
| 04206A101 | ARLO | ARLO TECHNOLOGIES INC | $101.9M | 0.92% | 6,005,562 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $98.5M | 0.89% | 687,909 | Common | SOLE |
| 67077M108 | NTR | NUTRIEN LTD | $94.7M | 0.86% | 1,626,395 | Common | SOLE |
| 608190104 | MHK | MOHAWK INDS INC | $91.3M | 0.83% | 870,778 | Common | SOLE |
| 78467J100 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $77.1M | 0.70% | 930,748 | Common | SOLE |
| 084423102 | WRB | BERKLEY W R CORP | $75.4M | 0.68% | 1,025,919 | Common | SOLE |
| 981475106 | WKC | WORLD KINECT CORPORATION | $74.7M | 0.68% | 2,635,485 | Common | SOLE |
| 30034W106 | EVRG | EVERGY INC | $74.2M | 0.67% | 1,076,140 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $71.9M | 0.65% | 633,732 | Common | SOLE |
| G96629103 | WTW | WILLIS TOWERS WATSON PLC LTD | $71.7M | 0.65% | 233,830 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $71.2M | 0.64% | 401,225 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $70.2M | 0.63% | 398,576 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS SA | $69.5M | 0.63% | 631,943 | Common | SOLE |
| 37733W204 | GSK | GSK PLC | $67.9M | 0.61% | 1,767,435 | Common | SOLE |
| 384556106 | GHM | GRAHAM CORP | $65.2M | 0.59% | 1,316,535 | Common | SOLE |
| 501889208 | LKQ | LKQ CORP | $64.4M | 0.58% | 1,741,269 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $62.7M | 0.57% | 410,765 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $62.0M | 0.56% | 213,684 | Common | SOLE |
| 871829107 | SYY | SYSCO CORP | $61.1M | 0.55% | 806,944 | Common | SOLE |
| 457030104 | IMKTA | INGLES MKTS INC | $60.1M | 0.54% | 948,627 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $59.7M | 0.54% | 263,751 | Common | SOLE |
| H42097107 | UBS | UBS GROUP AG | $59.3M | 0.54% | 1,754,446 | Common | SOLE |
| 81211K100 | SDA | SEALED AIR CORP NEW | $59.2M | 0.54% | 1,908,782 | Common | SOLE |
| Y2573F102 | FLEX | FLEX LTD | $58.4M | 0.53% | 1,170,482 | Common | SOLE |
| G29687103 | AVDL | AVADEL PHARMACEUTICALS PLC | $57.4M | 0.52% | 6,487,642 | Common | SOLE |
| 874060205 | TAK | TAKEDA PHARMACEUTICAL CO LTD | $57.4M | 0.52% | 3,712,278 | Common | SOLE |
| 410345102 | HN9 | HANESBRANDS INC | $56.9M | 0.51% | 12,423,152 | Common | SOLE |
| 615394202 | MOG/A | MOOG INC | $56.8M | 0.51% | 313,641 | Common | SOLE |
| 857477103 | STT | STATE STR CORP | $54.7M | 0.49% | 514,510 | Common | SOLE |
| 02390A101 | AMX | AMERICA MOVIL SAB DE CV | $54.7M | 0.49% | 3,047,720 | Common | SOLE |
| 504922105 | LH | LABCORP HOLDINGS INC | $54.0M | 0.49% | 205,647 | Common | SOLE |
| 74051N102 | 2655957D | PREMIER INC | $52.3M | 0.47% | 2,386,361 | Common | SOLE |
| 053332102 | AZO | AUTOZONE INC | $52.3M | 0.47% | 14,085 | Common | SOLE |
| 71654V101 | PBR/A | PETROLEO BRASILEIRO SA PETRO | $52.1M | 0.47% | 4,510,519 | Common | SOLE |
| 681919106 | OMC | OMNICOM GROUP INC | $51.6M | 0.47% | 717,946 | Common | SOLE |
| 91823B109 | UWMC | UWM HOLDINGS CORPORATION | $50.6M | 0.46% | 12,228,813 | Common | SOLE |
| 02319V103 | ABEV | AMBEV SA | $49.7M | 0.45% | 20,606,928 | Common | SOLE |
| 83175M205 | SNN | SMITH & NEPHEW PLC | $49.1M | 0.44% | 1,604,400 | Common | SOLE |
| 806857108 | SLB | SCHLUMBERGER LTD | $48.6M | 0.44% | 1,439,089 | Common | SOLE |
| 64111Q104 | NTGR | NETGEAR INC | $46.3M | 0.42% | 1,594,211 | Common | SOLE |
| 70014A104 | PKE | PARK AEROSPACE CORP | $44.3M | 0.40% | 3,001,732 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $43.5M | 0.39% | 139,416 | Common | SOLE |
| 89151E109 | TTEN | TOTALENERGIES SE | $40.7M | 0.37% | 662,773 | Common | SOLE |
| 499049104 | KNX | KNIGHT-SWIFT TRANSN HLDGS IN | $39.9M | 0.36% | 902,669 | Common | SOLE |
| 810186106 | SMG | SCOTTS MIRACLE-GRO CO | $39.8M | 0.36% | 603,941 | Common | SOLE |
| 87612E106 | TGT | TARGET CORP | $39.8M | 0.36% | 403,675 | Common | SOLE |
| 87936R205 | VIV | TELEFONICA BRASIL SA | $39.7M | 0.36% | 3,480,597 | Common | SOLE |
| 68628V308 | ORN | ORION GROUP HLDGS INC | $39.2M | 0.35% | 4,324,589 | Common | SOLE |
| 457187102 | INGR | INGREDION INC | $39.0M | 0.35% | 287,313 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $37.6M | 0.34% | 1,798,333 | Common | SOLE |
| 887389104 | TKR | TIMKEN CO | $37.3M | 0.34% | 513,641 | Common | SOLE |
| 500472303 | PHG | KONINKLIJKE PHILIPS N V | $36.7M | 0.33% | 1,530,918 | Common | SOLE |
| G39108108 | GTES | GATES INDL CORP PLC | $36.5M | 0.33% | 1,583,799 | Common | SOLE |
| 861012102 | STM | STMICROELECTRONICS N V | $34.1M | 0.31% | 1,122,295 | Common | SOLE |
| 698813102 | PZZA | PAPA JOHNS INTL INC | $33.8M | 0.31% | 690,299 | Common | SOLE |
| 89832Q109 | TFC | TRUIST FINL CORP | $32.7M | 0.30% | 760,426 | Common | SOLE |
| G4705A100 | ICLR | ICON PLC | $30.2M | 0.27% | 207,533 | Common | SOLE |
| 603158106 | MTX | MINERALS TECHNOLOGIES INC | $29.6M | 0.27% | 538,073 | Common | SOLE |
| 66987V109 | NVS | NOVARTIS AG | $29.0M | 0.26% | 239,282 | Common | SOLE |
| 74736K101 | QRVO | QORVO INC | $28.4M | 0.26% | 334,947 | Common | SOLE |
| 29364G103 | ETR | ENTERGY CORP NEW | $28.3M | 0.26% | 340,972 | Common | SOLE |
| 350060109 | FSTR | FOSTER L B CO | $25.8M | 0.23% | 1,179,015 | Common | SOLE |
| 438128308 | HMC | HONDA MOTOR LTD | $24.4M | 0.22% | 847,314 | Common | SOLE |
| 553530106 | MSM | MSC INDL DIRECT INC | $24.1M | 0.22% | 283,076 | Common | SOLE |
| 824596100 | SHG | SHINHAN FINANCIAL GROUP CO L | $23.9M | 0.22% | 528,135 | Common | SOLE |
| 26874R108 | E | ENI S P A | $22.8M | 0.21% | 702,770 | Common | SOLE |
| 803054204 | SAP | SAP SE | $22.5M | 0.20% | 74,013 | Common | SOLE |
| 92937A102 | WPP | WPP PLC NEW | $21.9M | 0.20% | 626,371 | Common | SOLE |
| 29278D105 | ENIC | ENEL CHILE S.A. | $17.8M | 0.16% | 4,900,227 | Common | SOLE |
| 917488108 | UTMD | UTAH MED PRODS INC | $15.4M | 0.14% | 271,322 | Common | SOLE |
| N20944109 | CNH | CNH INDL N V | $14.6M | 0.13% | 1,125,287 | Common | SOLE |
| 02875D109 | AOUT | AMERICAN OUTDOOR BRANDS INC | $12.7M | 0.12% | 1,219,798 | Common | SOLE |
| 904708104 | UNF | UNIFIRST CORP MASS | $12.6M | 0.11% | 66,783 | Common | SOLE |
| 606822104 | MUFG | MITSUBISHI UFJ FINL GROUP IN | $12.4M | 0.11% | 907,346 | Common | SOLE |
| 71742Q106 | PAHC | PHIBRO ANIMAL HEALTH CORP | $9.6M | 0.09% | 375,375 | Common | SOLE |
| 421906108 | HCSG | HEALTHCARE SVCS GROUP INC | $9.2M | 0.08% | 614,112 | Common | SOLE |
| 44980X109 | IPGP | IPG PHOTONICS CORP | $9.2M | 0.08% | 133,592 | Common | SOLE |
| 58502B106 | MD | PEDIATRIX MEDICAL GROUP INC | $8.1M | 0.07% | 565,212 | Common | SOLE |
| 447324104 | HURC | HURCO CO | $8.0M | 0.07% | 423,332 | Common | SOLE |
| 52634L108 | LNSR | LENSAR INC | $7.4M | 0.07% | 563,581 | Common | SOLE |
| 639057207 | NWG | NATWEST GROUP PLC | $7.4M | 0.07% | 521,284 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $6.9M | 0.06% | 75,306 | Common | SOLE |
| 460690100 | IPG | INTERPUBLIC GROUP COS INC | $6.3M | 0.06% | 257,520 | Common | SOLE |
| 24906P109 | XRAY | DENTSPLY SIRONA INC | $6.0M | 0.05% | 376,662 | Common | SOLE |
| 637215104 | NPK | NATIONAL PRESTO INDS INC | $5.7M | 0.05% | 58,358 | Common | SOLE |
| 624580106 | MOV | MOVADO GROUP INC | $5.5M | 0.05% | 363,296 | Common | SOLE |
| 26942G100 | EBMT | EAGLE BANCORP MONT INC | $5.0M | 0.05% | 300,216 | Common | SOLE |
| 634865109 | NKSH | NATIONAL BANKSHARES INC VA | $4.8M | 0.04% | 177,826 | Common | SOLE |
| 459506101 | IFF | INTERNATIONAL FLAVORS&FRAGRA | $4.3M | 0.04% | 58,275 | Common | SOLE |
| 60871R209 | TAP | MOLSON COORS BEVERAGE CO | $4.2M | 0.04% | 86,888 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $3.9M | 0.04% | 51,125 | Common | SOLE |
| 68622V106 | OGN | ORGANON & CO | $3.9M | 0.03% | 398,423 | Common | SOLE |
| G2519Y108 | BAP | CREDICORP LTD | $3.4M | 0.03% | 15,299 | Common | SOLE |
| 042735100 | ARW | ARROW ELECTRS INC | $3.2M | 0.03% | 25,359 | Common | SOLE |
| 76122Q105 | RGP | RESOURCES CONNECTION INC | $3.2M | 0.03% | 590,400 | Common | SOLE |
| 315616102 | FFIV | F5 INC | $3.1M | 0.03% | 10,660 | Common | SOLE |
| 88706T108 | TIMB | TIM S A | $3.1M | 0.03% | 152,326 | Common | SOLE |
| 46266C105 | IQV | IQVIA HLDGS INC | $2.9M | 0.03% | 18,489 | Common | SOLE |
| 715684106 | TLK | P T TELEKOMUNIKASI INDONESIA | $2.9M | 0.03% | 169,894 | Common | SOLE |
| 174610105 | CFG | CITIZENS FINL GROUP INC | $2.5M | 0.02% | 55,529 | Common | SOLE |
| 404280406 | HSBC | HSBC HLDGS PLC | $2.4M | 0.02% | 39,036 | Common | SOLE |
| 64110W102 | NTES | NETEASE INC | $2.4M | 0.02% | 17,474 | Common | SOLE |
| 784117103 | SEIC | SEI INVTS CO | $2.3M | 0.02% | 25,311 | Common | SOLE |
| 436440101 | HO1 | HOLOGIC INC | $2.2M | 0.02% | 34,413 | Common | SOLE |
| 775109200 | RCI | ROGERS COMMUNICATIONS INC | $2.1M | 0.02% | 71,977 | Common | SOLE |
| 807066105 | SCHL | SCHOLASTIC CORP | $2.0M | 0.02% | 97,149 | Common | SOLE |
| 963320106 | WHR | WHIRLPOOL CORP | $2.0M | 0.02% | 19,921 | Common | SOLE |
| 98980A105 | ZTO | ZTO EXPRESS CAYMAN INC | $1.9M | 0.02% | 108,603 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $1.9M | 0.02% | 16,315 | Common | SOLE |
| 922908611 | VBR | VANGUARD INDEX FDS | $1.7M | 0.02% | 8,932 | Common | SOLE |
| 86959K105 | SUZ | SUZANO S A | $1.6M | 0.01% | 170,535 | Common | SOLE |
| 104674106 | BRC | BRADY CORP | $1.5M | 0.01% | 22,303 | Common | SOLE |
| 52736R102 | LEVI | LEVI STRAUSS & CO NEW | $1.5M | 0.01% | 79,470 | Common | SOLE |
| 74112D101 | PBH | PRESTIGE CONSMR HEALTHCARE I | $1.4M | 0.01% | 18,085 | Common | SOLE |
| 001084102 | AGCO | AGCO CORP | $1.4M | 0.01% | 13,942 | Common | SOLE |
| 422347104 | HTLD | HEARTLAND EXPRESS INC | $1.4M | 0.01% | 164,904 | Common | SOLE |
| 29414B104 | EPAM | EPAM SYS INC | $1.4M | 0.01% | 7,722 | Common | SOLE |
| 344419106 | FMX | FOMENTO ECONOMICO MEXICANO S | $1.2M | 0.01% | 11,946 | Common | SOLE |
| 811543107 | SEB | SEABOARD CORP DEL | $1.2M | 0.01% | 421 | Common | SOLE |
| 513847103 | MZTI | LANCASTER COLONY CORP | $1.2M | 0.01% | 6,821 | Common | SOLE |
| 053807103 | AVT | AVNET INC | $1.2M | 0.01% | 22,191 | Common | SOLE |
| 98956P102 | ZBH | ZIMMER BIOMET HOLDINGS INC | $1.2M | 0.01% | 12,765 | Common | SOLE |
| 83601L102 | SHC | SOTERA HEALTH CO | $1.2M | 0.01% | 104,362 | Common | SOLE |
| 835495102 | SON | SONOCO PRODS CO | $1.1M | 0.01% | 25,874 | Common | SOLE |
| 74834L100 | DGX | QUEST DIAGNOSTICS INC | $1.1M | 0.01% | 6,212 | Common | SOLE |
| 34965K107 | FTRE | FORTREA HLDGS INC | $1.1M | 0.01% | 224,272 | Common | SOLE |
| 92540K109 | VTMX | VESTA REAL ESTATE CORP | $1.1M | 0.01% | 39,573 | Common | SOLE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $1.1M | 0.01% | 10,429 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $1.1M | 0.01% | 22,204 | Common | SOLE |
| 806407102 | HSIC | HENRY SCHEIN INC | $1.0M | 0.01% | 14,358 | Common | SOLE |
| G9618E107 | WTM | WHITE MTNS INS GROUP LTD | $1.0M | 0.01% | 570 | Common | SOLE |
| 680223104 | ORI | OLD REP INTL CORP | $957,943 | 0.01% | 24,920 | Common | SOLE |
| 134429109 | CPB | THE CAMPBELLS COMPANY | $902,152 | 0.01% | 29,434 | Common | SOLE |
| 126117100 | CNA | CNA FINL CORP | $849,824 | 0.01% | 18,264 | Common | SOLE |
| 91307C102 | UTHR | UNITED THERAPEUTICS CORP DEL | $692,226 | 0.01% | 2,409 | Common | SOLE |
| 03524A108 | BUD | ANHEUSER BUSCH INBEV SA/NV | $617,620 | 0.01% | 8,987 | Common | SOLE |
| 515098101 | LSTR | LANDSTAR SYS INC | $502,001 | 0.00% | 3,611 | Common | SOLE |
| 25243Q205 | DEO | DIAGEO PLC | $432,604 | 0.00% | 4,290 | Common | NONE |
| 191241108 | KOF | COCA-COLA FEMSA SAB DE CV | $319,595 | 0.00% | 3,304 | Common | SOLE |
| 38500T200 | GTE | GRAN TIERRA ENERGY INC | $304,655 | 0.00% | 63,869 | 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.