SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Brandywine Global Investment Management, LLC

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

Reported Value
$12.0B
Q4 2020
Positions
627
Filings on Record
30
2019–present window
Filed
Feb 10, 2021
original filing

Summary

Brandywine Global Investment Management, LLC reported $12.0B in U.S.-listed holdings across 627 positions for Q4 2020.

Its largest position, JPM, represents 3.3% of the portfolio.

Compared with Q3 2020, the fund opened 107 new positions and exited 69.

Portfolio Metrics

Turnover
+15.7%
vs prior filed quarter
Top-10 Concentration
+21.1%
share of reported value
Largest Position
+3.3%
Jpmorgan Chase
New / Exited
107 / 69
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: 92.2%Other: 4.7%REIT: 1.5%ADR: 0.7%US DOMESTIC: 0.5%Other: 0.5%
  • Common Stock · 92.2% · $11.1B
  • Other · 4.7% · $562M
  • REIT · 1.5% · $175M
  • ADR · 0.7% · $85M
  • US DOMESTIC · 0.5% · $60M
  • Other · 0.5% · $59M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LLYLILLY ELI & CONEW+783.7K783.7K+$132M$132M
LOWLOWES COS INCNEW+694.9K694.9K+$112M$112M
DYHTARGET CORPNEW+474.9K474.9K+$84M$84M
EXMOCEXXON MOBIL CORPNEW+1.82M1.82M+$75M$75M
DGDOLLAR GEN CORP NEWNEW+232.8K232.8K+$49M$49M
VTRSVIATRIS INCNEW+1.91M1.91M+$36M$36M
ORLYOREILLY AUTOMOTIVE INCNEW+69.0K69.0K+$31M$31M
PSXPHILLIPS 66NEW+416.4K416.4K+$29M$29M

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

Holdings — Q4 2020

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1JPMJPMORGAN CHASE & COhistory →COM3.31%$399M3.14M
2BACBK OF AMERICA CORPhistory →COM2.84%$342M11.29M
3JNJJOHNSON & JOHNSONhistory →COM2.77%$333M2.12M
4BACVERIZON COMMUNICATIONS INChistory →COM2.19%$264M4.49M
5UNHUNITEDHEALTH GROUP INChistory →COM2.14%$257M734.1K
6CMCSACOMCAST CORP NEWhistory →CL A1.69%$204M3.88M
7ORCLORACLE CORPhistory →COM1.60%$193M2.99M
8PFEPFIZER INChistory →COM1.59%$192M5.21M
9TRVCCITIGROUP INChistory →COM NEW1.51%$182M2.95M
10MRKMERCK & CO. INChistory →COM1.47%$177M2.17M
11CSCOCISCO SYS INChistory →COM1.29%$155M3.46M
12GMGENERAL MTRS COhistory →COM1.28%$154M3.70M
13AVGOBROADCOM INChistory →COM1.21%$146M332.5K
14LLYLILLY ELI & COhistory →COM1.10%$132M783.7K
15MUMICRON TECHNOLOGY INChistory →COM1.03%$124M1.65M
16AMGNAMGEN INChistory →COM1.00%$121M526.3K
17NEMNEWMONT CORPhistory →COM0.98%$118M1.97M
18LOWLOWES COS INChistory →COM0.93%$112M694.9K
19BLKCHFBLACKROCK INChistory →COM0.92%$110M152.9K
20GSGOLDMAN SACHS GROUP INChistory →COM0.91%$110M417.8K
214I1PHILIP MORRIS INTL INChistory →COM0.89%$107M1.30M
22UPSUNITED PARCEL SERVICE INChistory →CL B0.82%$98M584.1K
23MMM3M COhistory →COM0.79%$96M546.5K
24IBMINTERNATIONAL BUSINESS MACHShistory →COM0.77%$93M739.6K
25DYHTARGET CORPhistory →COM0.70%$84M474.9K
26ANETEURARISTA NETWORKS INChistory →COM0.66%$80M274.1K
27USBUS BANCORP DELhistory →COM NEW0.63%$75M1.62M
28EXMOCEXXON MOBIL CORPhistory →COM0.62%$75M1.82M
29AMATAPPLIED MATLS INChistory →COM0.62%$75M866.8K
30WFCWELLS FARGO CO NEWhistory →COM0.62%$75M2.48M
31CFGCITIZENS FINL GROUP INChistory →COM0.60%$73M2.03M
32TSNTYSON FOODS INChistory →CL A0.57%$69M1.07M
33ELVANTHEM INChistory →COM0.56%$68M211.2K
34CHUBB LIMITEDCOM0.55%$66M427.7K
35DWDMORGAN STANLEYhistory →COM NEW0.54%$65M948.4K
36HCAHCA HEALTHCARE INChistory →COM0.54%$65M393.4K
37CTSHCOGNIZANT TECHNOLOGY SOLUTIOhistory →CL A0.53%$63M773.5K
38CICIGNA CORP NEWhistory →COM0.51%$62M296.4K
39EBAEBAY INC.history →COM0.51%$61M1.22M
40PHMPULTE GROUP INChistory →COM0.51%$61M1.42M
41OMCOMNICOM GROUP INChistory →COM0.50%$61M972.3K
42TRVTRAVELERS COMPANIES INChistory →COM0.50%$61M432.0K
43REGNREGENERON PHARMACEUTICALShistory →COM0.50%$60M124.0K
44PNCPNC FINL SVCS GROUP INChistory →COM0.50%$60M401.8K
45PGRPROGRESSIVE CORPhistory →COM0.50%$60M604.0K
46ALXNALEXION PHARMACEUTICALS INChistory →COM0.50%$60M381.6K
47CSXCSX CORPhistory →COM0.49%$59M648.8K
48CMICUMMINS INChistory →COM0.49%$59M258.9K
49DHID R HORTON INChistory →COM0.48%$58M846.1K
50CVSCVS HEALTH CORPhistory →COM0.48%$58M843.0K

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.

  • FRANKLIN RESOURCES INC028-00734

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 ↗.