SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Brandywine Global Investment Management, LLC

CIK 0000829108 · 1735 MARKET STREET, SUITE 1800, PHILADELPHIA, PA, 19103 · 215-609-3500

Reported Value
$8.4B
Q1 2020
Positions
792
Filings on Record
30
2019–present window
Filed
May 15, 2020
original filing

Summary

Brandywine Global Investment Management, LLC reported $8.4B in U.S.-listed holdings across 792 positions for Q1 2020.

Its largest position, JNJ, represents 4.3% of the portfolio.

Compared with Q4 2019, the fund opened 92 new positions and exited 114.

Portfolio Metrics

Turnover
+5.4%
vs prior filed quarter
Top-10 Concentration
+26.2%
share of reported value
Largest Position
+4.3%
Johnson Johnson
New / Exited
92 / 114
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $13.5BQ4 ’18Q1 ’19: $14.5BQ2 ’19: $14.5BQ3 ’19: $13.6BQ4 ’19: $14.2BQ4 ’19Q1 ’20: $8.4BQ2 ’20: $9.8BQ3 ’20: $10.2BQ4 ’20: $12.0BQ4 ’20Q1 ’21: $13.3BQ2 ’21: $13.5BQ3 ’21: $13.2BQ4 ’21: $14.0BQ4 ’21Q1 ’22: $13.7BQ2 ’22: $11.5BQ3 ’22: $10.7BQ4 ’22: $12.8BQ4 ’22Q1 ’23: $24.8BQ2 ’23: $12.0BQ3 ’23: $11.4BQ4 ’23: $12.4BQ4 ’23Q1 ’24: $13.8BQ2 ’24: $13.4BQ3 ’24: $15.0BQ4 ’24: $13.8BQ4 ’24Q1 ’25: $13.9BQ2 ’25: $14.2BQ3 ’25: $14.6BQ4 ’25: $14.9BQ4 ’25filingsflow.com

Portfolio Composition

By security type
Common Stock: 93.2%Other: 4.3%ADR: 1.3%REIT: 0.8%ETP: 0.3%Other: 0.0%
  • Common Stock · 93.2% · $7.8B
  • Other · 4.3% · $362M
  • ADR · 1.3% · $106M
  • REIT · 0.8% · $70M
  • ETP · 0.3% · $26M
  • Other · 0.0% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ANETEURARISTA NETWORKS INCNEW+159.2K159.2K+$32M$32M
KMIKINDER MORGAN INC DELNEW+1.84M1.84M+$26M$26M
GTLSCHART INDS INCNEW+755.9K755.9K+$22M$22M
ALXNALEXION PHARMACEUTICALS INCNEW+192.5K192.5K+$17M$17M
ULTAULTA BEAUTY INCNEW+93.8K93.8K+$16M$16M
UTHUNITED THERAPEUTICS CORP DELNEW+142.9K142.9K+$14M$14M
WMTWALMART INCNEW+114.3K114.3K+$13M$13M
CAGCONAGRA BRANDS INCNEW+424.5K424.5K+$12M$12M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2020

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1JNJJOHNSON & JOHNSONhistory →COM4.29%$359M2.74M
2JPMJPMORGAN CHASE & COhistory →COM3.19%$267M2.97M
3BACVERIZON COMMUNICATIONS INChistory →COM2.98%$250M4.64M
4INTCINTEL CORPhistory →COM2.76%$231M4.27M
5TAT&T INChistory →COM2.75%$230M7.90M
6BACBK OF AMERICA CORPhistory →COM2.58%$216M10.17M
7MRKMERCK & CO. INChistory →COM2.05%$172M2.23M
8TRVCCITIGROUP INChistory →COM NEW2.00%$167M3.98M
9ORCLORACLE CORPhistory →COM1.84%$154M3.18M
10CHVCHEVRON CORP NEWhistory →COM1.75%$147M2.03M
11CMCSACOMCAST CORP NEWhistory →CL A1.63%$136M3.97M
12PFEPFIZER INChistory →COM1.55%$130M3.98M
13WFCWELLS FARGO CO NEWhistory →COM1.55%$129M4.51M
14AMGNAMGEN INChistory →COM1.53%$128M632.7K
154I1PHILIP MORRIS INTL INChistory →COM1.19%$99M1.36M
16GILDGILEAD SCIENCES INChistory →COM1.18%$99M1.33M
17IBMINTERNATIONAL BUSINESS MACHShistory →COM1.08%$90M814.8K
18LMTLOCKHEED MARTIN CORPhistory →COM1.00%$84M246.4K
19AVGOBROADCOM INChistory →COM0.99%$83M348.3K
20BLKCHFBLACKROCK INChistory →COM0.93%$78M176.5K
21CATCATERPILLAR INC DELhistory →COM0.85%$71M609.7K
22AXPAMERICAN EXPRESS COhistory →COM0.80%$67M784.8K
23BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.79%$66M363.5K
24MUMICRON TECHNOLOGY INChistory →COM0.77%$64M1.53M
25METAFACEBOOK INChistory →CL A0.76%$64M380.7K
26GMGENERAL MTRS COhistory →COM0.74%$62M2.97M
27TSNTYSON FOODS INChistory →CL A0.71%$60M1.03M
28UPSUNITED PARCEL SERVICE INChistory →CL B0.68%$57M612.8K
29BIIBBIOGEN INChistory →COM0.63%$53M167.3K
30BPBP PLChistory →SPONSORED ADR0.62%$52M2.14M
31CRCCANADIAN NAT RES LTDhistory →COM0.61%$51M3.77M
32USBUS BANCORP DELhistory →COM NEW0.61%$51M1.48M
33ELVANTHEM INChistory →COM0.60%$50M221.4K
34CSXCSX CORPhistory →COM0.58%$48M843.1K
35CVSCVS HEALTH CORPhistory →COM0.58%$48M812.9K
36DWDMORGAN STANLEYhistory →COM NEW0.58%$48M1.42M
37GSGOLDMAN SACHS GROUP INChistory →COM0.57%$48M310.1K
38NEMNEWMONT CORPhistory →COM0.55%$46M1.02M
39INGRINGREDION INChistory →COM0.55%$46M613.3K
40CCKCROWN HLDGS INChistory →COM0.54%$46M784.1K
41TAPMOLSON COORS BEVERAGE COhistory →CL B0.54%$45M1.16M
42TRVTRAVELERS COMPANIES INChistory →COM0.53%$45M450.5K
43NOCNORTHROP GRUMMAN CORPhistory →COM0.53%$45M147.7K
44CHUBB LIMITEDCOM0.53%$44M397.1K
45MARVELL TECHNOLOGY GROUP LTDORD0.52%$43M1.91M
46SCHWSCHWAB CHARLES CORPhistory →COM0.50%$42M1.24M
47NLYEURANNALY CAPITAL MANAGEMENT INhistory →COM0.49%$41M8.06M
48DYHTARGET CORPhistory →COM0.47%$39M424.0K
49DEDEERE & COhistory →COM0.46%$38M275.8K
50COPCONOCOPHILLIPShistory →COM0.44%$37M1.21M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2025$14.9B601Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$14.6B598Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$14.2B572Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$13.9B558May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$13.8B557Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$15.0B669Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$13.4B686Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$13.8B696May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$12.4B684Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$11.4B686Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$12.0B694Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023REVEALED$24.8B1,406May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$12.8B719Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$10.7B731Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$11.5B719Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$13.7B712May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$14.0B695Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$13.2B676Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$13.5B681Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$13.3B671May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$12.0B627Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$10.2B589Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$9.8B743Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$8.4B792May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$14.2B814Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$13.6B825Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$14.5B821Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$14.5B842May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$13.5B825Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • LEGG MASON, INC.028-01700

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.