SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Brandywine Global Investment Management, LLC

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

Reported Value
$13.3B
Q1 2021
Positions
671
Filings on Record
30
2019–present window
Filed
May 13, 2021
original filing

Summary

Brandywine Global Investment Management, LLC reported $13.3B in U.S.-listed holdings across 671 positions for Q1 2021.

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

Compared with Q4 2020, the fund opened 98 new positions and exited 54.

Portfolio Metrics

Turnover
+13.2%
vs prior filed quarter
Top-10 Concentration
+20.6%
share of reported value
Largest Position
+3.3%
Jpmorgan Chase
New / Exited
98 / 54
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: 91.8%Other: 5.3%REIT: 1.2%ADR: 0.8%US DOMESTIC: 0.6%Other: 0.4%
  • Common Stock · 91.8% · $12.2B
  • Other · 5.3% · $698M
  • REIT · 1.2% · $156M
  • ADR · 0.8% · $101M
  • US DOMESTIC · 0.6% · $82M
  • Other · 0.4% · $47M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HDHOME DEPOT INCNEW+326.0K326.0K+$99M$99M
MOALTRIA GROUP INCNEW+849.9K849.9K+$43M$43M
TMUST-MOBILE US INCNEW+333.5K333.5K+$42M$42M
TFCTRUIST FINL CORPNEW+611.4K611.4K+$36M$36M
VNTVONTIER CORPORATIONNEW+1.15M1.15M+$35M$35M
WBAWALGREENS BOOTS ALLIANCE INCNEW+396.1K396.1K+$22M$22M
EQUITY COMWLTHNEW+653.0K653.0K+$18M$18M
USX1UNITED STATES STL CORP NEWNEW+642.6K642.6K+$17M$17M

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

Holdings — Q1 2021

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1JPMJPMORGAN CHASE & COhistory →COM3.31%$438M2.88M
2BACBK OF AMERICA CORPhistory →COM3.09%$409M10.58M
3JNJJOHNSON & JOHNSONhistory →COM2.48%$329M2.00M
4UNHUNITEDHEALTH GROUP INChistory →COM2.26%$300M807.4K
5ORCLORACLE CORPhistory →COM1.87%$248M3.53M
6WFCWELLS FARGO CO NEWhistory →COM1.77%$235M6.02M
7GMGENERAL MTRS COhistory →COM1.59%$210M3.66M
8CMCSACOMCAST CORP NEWhistory →CL A1.49%$197M3.65M
9TRVCCITIGROUP INChistory →COM NEW1.45%$193M2.65M
10LOWLOWES COS INChistory →COM1.33%$176M927.7K
11CSCOCISCO SYS INChistory →COM1.25%$165M3.20M
12AVGOBROADCOM INChistory →COM1.09%$145M312.1K
13GSGOLDMAN SACHS GROUP INChistory →COM1.03%$136M416.9K
14MUMICRON TECHNOLOGY INChistory →COM1.01%$134M1.52M
15MMM3M COhistory →COM0.95%$126M654.3K
16ELVANTHEM INChistory →COM0.94%$125M348.5K
17AMGNAMGEN INChistory →COM0.93%$123M495.4K
18DYHTARGET CORPhistory →COM0.85%$113M568.0K
19PGPROCTER AND GAMBLE COhistory →COM0.84%$112M825.6K
204I1PHILIP MORRIS INTL INChistory →COM0.81%$108M1.22M
21EXMOCEXXON MOBIL CORPhistory →COM0.81%$108M1.93M
22AMATAPPLIED MATLS INChistory →COM0.81%$108M807.1K
23BLKCHFBLACKROCK INChistory →COM0.77%$102M135.3K
24HDHOME DEPOT INChistory →COM0.75%$99M326.0K
25UPSUNITED PARCEL SERVICE INChistory →CL B0.70%$93M547.2K
26USBUS BANCORP DELhistory →COM NEW0.70%$93M1.68M
27HCAHCA HEALTHCARE INChistory →COM0.70%$92M490.6K
28CFGCITIZENS FINANCIAL GROUP INChistory →COM0.64%$85M1.94M
29NEMNEWMONT CORPhistory →COM0.64%$85M1.41M
30CICIGNA CORP NEWhistory →COM0.64%$84M349.4K
31TSNTYSON FOODS INChistory →CL A0.59%$78M1.05M
32DHID R HORTON INChistory →COM0.58%$77M860.1K
33JOHNSON CTLS INTL PLCSHS0.57%$75M1.26M
34PHMPULTE GROUP INChistory →COM0.56%$74M1.41M
35CVSCVS HEALTH CORPhistory →COM0.53%$70M929.1K
36CTSHCOGNIZANT TECHNOLOGY SOLUTIOhistory →CL A0.51%$68M866.7K
37PNCPNC FINL SVCS GROUP INChistory →COM0.50%$66M374.8K
38LYONDELLBASELL INDUSTRIES NSHS - A -0.48%$64M610.5K
39SLMSLM CORPhistory →COM0.48%$63M3.52M
40CHUBB LIMITEDCOM0.47%$63M397.4K
41TRVTRAVELERS COMPANIES INChistory →COM0.46%$61M408.8K
42BACVERIZON COMMUNICATIONS INChistory →COM0.45%$60M1.03M
43GDGENERAL DYNAMICS CORPhistory →COM0.44%$59M324.9K
44CSXCSX CORPhistory →COM0.44%$59M609.4K
45BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.44%$58M227.5K
46COFCAPITAL ONE FINL CORPhistory →COM0.44%$58M456.0K
47KRKROGER COhistory →COM0.44%$58M1.61M
48TROWPRICE T ROWE GROUP INChistory →COM0.43%$57M331.5K
49DWDPEURDUPONT DE NEMOURS INChistory →COM0.43%$57M732.7K
50HUNHUNTSMAN CORPhistory →COM0.42%$56M1.95M

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 ↗.