BRANDES INVESTMENT PARTNERS, LP

CIK 0001015079 · Q1 2026

13F Equity AUM

$14.1B

+7.5% QoQ

Positions

186

-4 QoQ

AUM Rank

#522

Top 4%

Skill Alpha (FF)

-0.7%/yr^ns

No Clear Edge

Rank #3,229 · Top 39%

vs S&P -5.5%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 11.5%Top 10: 20.9%Top 20: 37.8%

CAE2.9%

EMBJ2.4%

DOX2.1%

GRFS2.1%

TRVC2.0%

MRK2.0%

OTX1.9%

CI1.9%

MHK1.8%

SHEL1.8%

Others (176)79.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Healthcare21.5%

Industrials19.4%

Technology15.2%

Financial Services10.6%

Energy7.9%

Communication Services6.0%

Consumer Defensive5.7%

Consumer Cyclical4.8%

Other8.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 186Median: 0.36%Avg: 0.54%

0–0.5%

116(19.5%)

0.5–1%

31(20.4%)

1–3%

39(60.1%)

3–5%

0(0.0%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 186Unique: 0vs 20 funds

2.5%Low

186

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

4.6%

MORGAN STANLEY

3.5%

BANK OF AMERICA CORP /DE/

3.7%

JPMORGAN CHASE & CO

3.5%

FMR LLC

5.5%

STATE STREET CORP

4.6%

VANGUARD CAPITAL MANAGEMENT LLC

4.4%

GEODE CAPITAL MANAGEMENT, LLC

4.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

4.7%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New10Increased121Decreased52Exited14

New Positions

AJG1.1%

+701K

EFX0.9%

+747K

LW0.3%

+942K

FMS0.3%

+1.6M

WAT0.1%

+69K

NTES0.1%

+109K

TFX0.0%

+33K

TSN0.0%

+51K

CAG0.0%

+149K

TRU0.0%

+34K

Increased

GRFS2.1%

+5.4M(+17%)

OTX1.9%

+3.0M(+33%)

PZZA0.6%

+2.3M(+609%)

ARLO1.0%

+2.0M(+25%)

DOX2.1%

+1.9M(+71%)

TAP0.5%

+1.5M(+1425%)

NSY1.7%

+1.5M(+215%)

MHK1.8%

+1.5M(+137%)

JBS0.4%

+1.3M(+78%)

NTGR0.5%

+1.1M(+62%)

Decreased

KMT1.4%

-4,965,772(-49%)

CX0.7%

-3,753,325(-29%)

TIGO1.7%

-1,575,489(-33%)

ELAN0.5%

-1,422,956(-34%)

CTVA0.5%

-1,416,962(-61%)

HAL1.7%

-1,257,586(-17%)

PJX0.6%

-1,256,846(-23%)

INVX1.1%

-1,072,795(-14%)

SEE0.0%

-1,067,584(-98%)

NTR0.5%

-915,583(-49%)

Exited

GIL

-1,598,946

UWMC

-10,471,859

GTES

-1,130,476

-410,556

-218,425

-44,864

-463

-10,175

-24,869

-4,552

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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