SEC 13F Intelligence

Managers / Q3 2019 · view latest →

BRANDES INVESTMENT PARTNERS, LP

CIK 0001015079 · 4275 EXECUTIVE SQUARE, 5TH FLOOR, LA JOLLA, CA, 92037 · 8587550239

Reported Value
$3.9B
Q3 2019
Positions
279
Filings on Record
30
2019–present window
Filed
Nov 13, 2019
original filing

Summary

Brandes Investment Partners, LP reported $3.9B in U.S.-listed holdings across 279 positions for Q3 2019.

Its largest position, EMBJ, represents 7.0% of the portfolio.

Compared with Q2 2019, the fund opened 11 new positions and exited 16.

Portfolio Metrics

Turnover
+2.6%
vs prior filed quarter
Top-10 Concentration
+30.4%
share of reported value
Largest Position
+7.0%
Embraer S A
New / Exited
11 / 16
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: $3.9BQ4 ’18Q1 ’19: $4.3BQ2 ’19: $4.5BQ3 ’19: $3.9BQ4 ’19: $4.2BQ4 ’19Q1 ’20: $2.9BQ2 ’20: $3.3BQ3 ’20: $2.9BQ4 ’20: $3.9BQ4 ’20Q1 ’21: $4.2BQ2 ’21: $4.5BQ3 ’21: $4.6BQ4 ’21: $4.6BQ4 ’21Q1 ’22: $4.7BQ2 ’22: $4.1BQ3 ’22: $3.8BQ4 ’22: $3.6BQ4 ’22Q1 ’23: $4.7BQ2 ’23: $5.0BQ3 ’23: $5.1BQ4 ’23: $6.6BQ4 ’23Q1 ’24: $7.8BQ2 ’24: $8.1BQ3 ’24: $8.9BQ4 ’24: $8.9BQ4 ’24Q1 ’25: $9.8BQ2 ’25: $11.1BQ3 ’25: $12.5BQ4 ’25: $13.1BQ4 ’25Q1 ’26: $14.1Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 45.2%ADR: 37.8%Other: 17.0%ETP: 0.1%
  • Common Stock · 45.2% · $1.7B
  • ADR · 37.8% · $1.5B
  • Other · 17.0% · $656M
  • ETP · 0.1% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+74.2K74.2K+$3M$3M
TXTERNIUM SANEW+121.6K121.6K+$2M$2M
SPBSPECTRUM BRANDS HLDGS INC NENEW+42.8K42.8K+$2M$2M
VERSUM MATLS INCNEW+11.8K11.8K+$625,000$625,000
2655957DPREMIER INCNEW+15.4K15.4K+$445,000$445,000
NPKNATIONAL PRESTO INDS INCNEW+4.2K4.2K+$373,000$373,000
ACWIISHARES TRNEW+4.4K4.4K+$324,000$324,000
SSFSENSIENT TECHNOLOGIES CORPNEW+3.8K3.8K+$259,000$259,000

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

Holdings — Q3 2019

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EMBJEMBRAER S Ahistory →SPONSORED ADS8.30%$321M18.41M
2CEMEX SAB DE CVSPON ADR NEW7.03%$272M69.25M
3NXP SEMICONDUCTORS N VCOM3.06%$118M1.08M
4TRVCCITIGROUP INChistory →COM NEW2.63%$102M1.47M
5SNYSANOFIhistory →SPONSORED ADR2.19%$85M1.83M
6MRKMERCK & CO INChistory →COM2.12%$82M972.4K
7MCKMCKESSON CORPhistory →COM1.93%$75M547.0K
8PFEPFIZER INChistory →COM1.83%$71M1.97M
9BACBANK AMER CORPhistory →COM1.83%$71M2.42M
10WFCWELLS FARGO CO NEWhistory →COM1.81%$70M1.39M
11GLAXOSMITHKLINE PLCSPONSORED ADR1.78%$69M1.61M
12CAHCARDINAL HEALTH INChistory →COM1.77%$68M1.45M
13AIGAMERICAN INTL GROUP INChistory →COM NEW1.55%$60M1.08M
14BNYBANK NEW YORK MELLON CORPhistory →COM1.53%$59M1.31M
15YPF SOCIEDAD ANONIMASPON ADR CL D1.41%$55M5.90M
16FLEX LTDORD1.40%$54M5.17M
17EMREMERSON ELEC COhistory →COM1.36%$53M786.3K
18LABORATORY CORP AMER HLDGSCOM NEW1.31%$51M302.7K
19PNCPNC FINL SVCS GROUP INChistory →COM1.21%$47M333.1K
20ADECOAGRO S ACOM1.15%$45M7.66M
21EENI S P Ahistory →SPONSORED ADR1.14%$44M1.45M
22UBS GROUP AGSHS1.14%$44M3.89M
23VIV1USDTELEFONICA BRASIL SAhistory →SPONSORED ADR1.11%$43M3.26M
24CREDIT SUISSE GROUPSPONSORED ADR1.11%$43M3.52M
25WPPWPP PLC NEWhistory →ADR1.11%$43M684.7K
26STTSTATE STR CORPhistory →COM1.09%$42M711.9K
27CVSCVS HEALTH CORPhistory →COM1.07%$42M658.9K
28AVALGRUPO AVAL ACCIONES Y VALOREhistory →SPONSORED ADS1.07%$41M5.53M
29HALHALLIBURTON COhistory →COM1.06%$41M2.18M
30CHINA MOBILE LIMITEDSPONSORED ADR1.02%$39M952.7K
31HCAHCA HEALTHCARE INChistory →COM1.01%$39M325.6K
32CICIGNA CORP NEWhistory →COM0.95%$37M241.0K
33NOKNOKIA CORPhistory →SPONSORED ADR0.94%$36M7.20M
34HMCHONDA MOTOR LTDhistory →AMERN SHS0.94%$36M1.39M
35BPBP PLChistory →SPONSORED ADR0.86%$33M876.2K
36COPA HOLDINGS SACL A0.85%$33M334.9K
37PEPPEPSICO INChistory →COM0.84%$32M236.4K
38TAKEDA PHARMACEUTICAL CO LTDSPONSORED ADS0.82%$32M1.84M
39JEFJEFFERIES FINL GROUP INChistory →COM0.79%$31M1.67M
40ENICENEL CHILE S Ahistory →SPONSORED ADR0.76%$30M7.02M
41TOTAL S ASPONSORED ADS0.76%$29M566.8K
42CHVCHEVRON CORP NEWhistory →COM0.76%$29M248.2K
43CRH PLCADR0.73%$28M825.5K
44MSFTMICROSOFT CORPhistory →COM0.70%$27M193.6K
45CMCSACOMCAST CORP NEWhistory →CL A0.69%$27M594.2K
46TIIAYTELECOM ITALIA S P A NEWhistory →SPON ADR ORD0.65%$25M4.48M
47MITSUBISHI UFJ FINL GROUP INSPONSORED ADS0.63%$24M4.82M
48EPCEDGEWELL PERS CARE COhistory →COM0.63%$24M749.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$14.1B476May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$13.1B473Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$12.5B460Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$11.1B454Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$9.8B452May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$8.9B455Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$8.9B448Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$8.1B369Aug 19, 202413F-HRchanges · EDGAR ↗
Q1 2024$7.8B364May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$6.6B371Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$5.1B329Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$5.0B329Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$4.7B337May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$3.6B318Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.8B352Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$4.1B354Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$4.7B345May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$4.6B347Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$4.6B336Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$4.5B335Aug 11, 202113F-HRchanges · EDGAR ↗
Q1 2021$4.2B338May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$3.9B324Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.9B328Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$3.3B343Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$2.9B321May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$4.2B305Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$3.9B279Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$4.5B293Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$4.3B293May 10, 201913F-HRchanges · EDGAR ↗
Q4 2018$3.9B299Feb 11, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 4 additional managers.

  • UNITED SERVICES AUTOMOBILE ASSOCIATION028-05810
  • Brandes Investment Partners & Co.028-14898
  • Brandes Investment Partners (Europe) Ltd.028-18793
  • Northern Trust Investments, Inc028-10487

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 ↗.