Q4 2025 · 13F-HR
GQG Partners LLCholdings as filed
Filed 2026-02-13 · accession 0001062993-26-000911
$60.72B
Reported value
87
Positions
2025-12-31
Period end
The Brief · GQG Partners LLC · Q4 2025
AI · grounded in 13F
GQG Partners LLC established a new position in BRK/B valued at $1.0B. The fund also initiated new stakes in CTSH for $673.7M and UL for $589.8M. On the sell side, the fund closed its position in MELI for a loss of $776.6M and trimmed holdings in META, MSFT, and V by over 99%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 718172109 | PM | PHILIP MORRIS INTL INC | $8.84B | 14.6% | 55,096,316 | Common | SOLE |
| H1467J104 | CB | CHUBB LIMITED | $3.90B | 6.42% | 12,481,176 | Common | SOLE |
| 29250N105 | ENB | ENBRIDGE INC | $3.85B | 6.34% | 80,353,458 | Common | SOLE |
| 743315103 | PGR | PROGRESSIVE CORP | $2.38B | 3.91% | 10,432,549 | Common | SOLE |
| 45104G104 | IBN | ICICI BANK LIMITED | $2.22B | 3.66% | 74,633,839 | Common | SOLE |
| 125523100 | CI | THE CIGNA GROUP | $2.14B | 3.52% | 7,763,295 | Common | SOLE |
| 00206R102 | T | AT&T INC | $2.14B | 3.52% | 86,007,645 | Common | SOLE |
| 025537101 | AEP | AMERICAN ELEC PWR CO INC | $1.95B | 3.21% | 16,902,872 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $1.94B | 3.19% | 52,962,709 | Common | SOLE |
| 191216100 | KO | COCA COLA CO | $1.84B | 3.02% | 26,250,313 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $1.79B | 2.94% | 43,866,695 | Common | SOLE |
| 71654V408 | PBR | PETROLEO BRASILEIRO SA PETRO | $1.61B | 2.65% | 136,003,212 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $1.60B | 2.64% | 7,752,266 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $1.59B | 2.62% | 28,062,747 | Common | SOLE |
| 02209S103 | MO | ALTRIA GROUP INC | $1.44B | 2.38% | 25,058,437 | Common | SOLE |
| 026874784 | AIG | AMERICAN INTL GROUP INC | $1.33B | 2.18% | 15,492,942 | Common | SOLE |
| 12572Q105 | CME | CME GROUP INC | $1.15B | 1.89% | 4,208,459 | Common | SOLE |
| 020002101 | ALL | ALLSTATE CORP | $1.14B | 1.88% | 5,488,560 | Common | SOLE |
| 26441C204 | DUK | DUKE ENERGY CORP NEW | $1.12B | 1.84% | 9,543,071 | Common | SOLE |
| 30161N101 | EXC | EXELON CORP | $1.09B | 1.79% | 24,979,574 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $1.05B | 1.73% | 8,715,556 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $1.00B | 1.65% | 1,997,793 | Common | SOLE |
| 98389B100 | XEL | XCEL ENERGY INC | $911.0M | 1.50% | 12,334,556 | Common | SOLE |
| 87807B107 | TRP | TC ENERGY CORP | $890.7M | 1.47% | 16,154,469 | Common | SOLE |
| 91912E105 | VALE | VALE S A | $848.7M | 1.40% | 65,132,572 | Common | SOLE |
| 030420103 | AWK | AMERICAN WTR WKS CO INC NEW | $847.4M | 1.40% | 6,493,161 | Common | SOLE |
| 501044101 | KR | KROGER CO | $837.1M | 1.38% | 13,398,072 | Common | SOLE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $791.9M | 1.30% | 9,864,284 | Common | SOLE |
| 465562106 | ITUB | ITAU UNIBANCO HLDG S A | $694.2M | 1.14% | 96,959,405 | Common | SOLE |
| 192446102 | CTSH | COGNIZANT TECHNOLOGY SOLUTIO | $673.7M | 1.11% | 8,116,278 | Common | SOLE |
| 904767803 | UL | UNILEVER PLC | $589.8M | 0.97% | 9,018,850 | Common | SOLE |
| 194162103 | CL | COLGATE PALMOLIVE CO | $584.5M | 0.96% | 7,396,227 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $556.7M | 0.92% | 1,832,009 | Common | SOLE |
| 456788108 | INFY | INFOSYS LTD | $519.1M | 0.85% | 29,130,383 | Common | SOLE |
| 29082A107 | EMBJ | EMBRAER S.A. | $515.3M | 0.85% | 8,004,535 | Common | SOLE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $462.5M | 0.76% | 3,226,929 | Common | SOLE |
| 66987V109 | NVS | NOVARTIS AG | $435.4M | 0.72% | 3,158,122 | Common | SOLE |
| 02319V103 | ABEV | AMBEV SA | $427.2M | 0.70% | 172,969,655 | Common | SOLE |
| 351858105 | FNV | FRANCO NEV CORP | $362.4M | 0.60% | 1,746,117 | Common | SOLE |
| 125896100 | CMS | CMS ENERGY CORP | $316.1M | 0.52% | 4,519,921 | Common | SOLE |
| 172062101 | CINF | CINCINNATI FINL CORP | $276.4M | 0.46% | 1,692,540 | Common | SOLE |
| G2519Y108 | BAP | CREDICORP LTD | $272.4M | 0.45% | 949,184 | Common | SOLE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $224.1M | 0.37% | 835,404 | Common | SOLE |
| 15189T107 | CNP | CENTERPOINT ENERGY INC | $217.8M | 0.36% | 5,681,646 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $214.0M | 0.35% | 1,404,342 | Common | SOLE |
| 399909100 | GGAL | GRUPO FINANCIERO GALICIA S.A | $165.9M | 0.27% | 3,075,544 | Common | SOLE |
| G0450A105 | ACGL | ARCH CAP GROUP LTD | $162.5M | 0.27% | 1,693,629 | Common | SOLE |
| 69351T106 | PPL | PPL CORP | $162.4M | 0.27% | 4,638,660 | Common | SOLE |
| 680223104 | ORI | OLD REP INTL CORP | $156.0M | 0.26% | 3,417,166 | Common | SOLE |
| 03524A108 | BUD | ANHEUSER BUSCH INBEV SA/NV | $149.8M | 0.25% | 2,338,805 | Common | SOLE |
| 049560105 | ATO | ATMOS ENERGY CORP | $117.9M | 0.19% | 703,592 | Common | SOLE |
| G7496G103 | RNR | RENAISSANCERE HLDGS LTD | $108.8M | 0.18% | 386,876 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $34.1M | 0.06% | 50,058 | Common | SOLE |
| F92124100 | TTE | TOTALENERGIES SE | $14.9M | 0.02% | 228,150 | Common | SOLE |
| 40051E202 | ASR | GRUPO AEROPORTUARIO DEL SURE | $10.6M | 0.02% | 32,785 | Common | SOLE |
| 046353108 | AZNN | ASTRAZENECA PLC | $9.4M | 0.02% | 102,372 | Common | SOLE |
| 464288257 | ACWI | ISHARES TR | $7.8M | 0.01% | 54,789 | Common | SOLE |
| 26874R108 | E | ENI S P A | $6.7M | 0.01% | 175,726 | Common | SOLE |
| 464287622 | IWB | ISHARES TR | $6.7M | 0.01% | 17,826 | Common | SOLE |
| 80105N105 | SNY | SANOFI SA | $5.9M | 0.01% | 120,946 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $5.6M | 0.01% | 53,509 | Common | SOLE |
| 91913Y100 | VLO | VALERO ENERGY CORP | $5.5M | 0.01% | 33,886 | Common | SOLE |
| 446413106 | HII | HUNTINGTON INGALLS INDS INC | $5.5M | 0.01% | 16,129 | Common | SOLE |
| 842587107 | SO | SOUTHERN CO | $4.7M | 0.01% | 53,863 | Common | SOLE |
| 92826C839 | V | VISA INC | $2.9M | 0.00% | 8,307 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $2.5M | 0.00% | 31,518 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $2.4M | 0.00% | 96,482 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $1.5M | 0.00% | 2,174 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $877,639 | 0.00% | 1,815 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $757,964 | 0.00% | 4,064 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $754,594 | 0.00% | 3,269 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $678,710 | 0.00% | 6,092 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $666,162 | 0.00% | 620 | Common | SOLE |
| 922042742 | VT | VANGUARD INTL EQUITY INDEX F | $598,764 | 0.00% | 4,245 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $536,884 | 0.00% | 7,307 | Common | SOLE |
| 780087102 | RY | ROYAL BK CDA | $521,529 | 0.00% | 3,059 | Common | SOLE |
| 922908637 | VV | VANGUARD INDEX FDS | $471,182 | 0.00% | 1,497 | Common | SOLE |
| 636274409 | NGG | NATIONAL GRID PLC | $457,448 | 0.00% | 5,914 | Common | SOLE |
| 803054204 | SAP | SAP SE | $425,016 | 0.00% | 1,750 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $401,368 | 0.00% | 1,279 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INC | $358,186 | 0.00% | 2,338 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $341,995 | 0.00% | 518 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $318,235 | 0.00% | 3,394 | Common | SOLE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $281,859 | 0.00% | 321 | Common | SOLE |
| 25243Q205 | DEO | DIAGEO PLC | $265,367 | 0.00% | 3,076 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $210,571 | 0.00% | 608 | Common | SOLE |
| 15234Q207 | AXIA | CENTRAIS ELET BRAS SA | $191,206 | 0.00% | 20,874 | 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.