SEC 13F Intelligence

Managers / Q4 2019 · view latest →

BRANDES INVESTMENT PARTNERS, LP

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

Reported Value
$4.2B
Q4 2019
Positions
305
Filings on Record
30
2019–present window
Filed
Feb 13, 2020
original filing

Summary

Brandes Investment Partners, LP reported $4.2B in U.S.-listed holdings across 305 positions for Q4 2019.

Its largest position, EMBJ, represents 7.5% of the portfolio.

Compared with Q3 2019, the fund opened 11 new positions and exited 8.

Portfolio Metrics

Turnover
+4.4%
vs prior filed quarter
Top-10 Concentration
+29.3%
share of reported value
Largest Position
+7.5%
Embraer S A
New / Exited
11 / 8
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: 45.5%ADR: 37.2%Other: 16.7%ETP: 0.6%
  • Common Stock · 45.5% · $1.9B
  • ADR · 37.2% · $1.6B
  • Other · 16.7% · $703M
  • ETP · 0.6% · $26M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BABAALIBABA GROUP HLDG LTDNEW+345.2K345.2K+$73M$73M
BIDUNBAIDU INCNEW+166.1K166.1K+$21M$21M
TFCTRUIST FINL CORPNEW+194.9K194.9K+$11M$11M
CCOCAMECO CORPNEW+1.10M1.10M+$10M$10M
INGRINGREDION INCNEW+48.3K48.3K+$4M$4M
UEOWESTLAKE CHEM CORPNEW+61.5K61.5K+$4M$4M
CFGCITIZENS FINL GROUP INCNEW+13.0K13.0K+$530,000$530,000
CTBCOOPER TIRE & RUBR CONEW+8.2K8.2K+$237,000$237,000

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

Holdings — Q4 2019

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EMBJEMBRAER S Ahistory →SPONSORED ADS8.91%$375M19.22M
2CEMEX SAB DE CVSPON ADR NEW5.94%$250M66.11M
3NXP SEMICONDUCTORS N VCOM3.02%$127M999.1K
4TRVCCITIGROUP INChistory →COM NEW2.68%$113M1.41M
5YPF SOCIEDAD ANONIMASPON ADR CL D2.31%$97M8.38M
6MRKMERCK & CO INChistory →COM2.01%$85M931.1K
7SNYSANOFIhistory →SPONSORED ADR1.96%$82M1.64M
8BACBANK AMER CORPhistory →COM1.92%$81M2.30M
9PFEPFIZER INChistory →COM1.77%$75M1.90M
10MCKMCKESSON CORPhistory →COM1.74%$73M528.3K
11WFCWELLS FARGO CO NEWhistory →COM1.71%$72M1.34M
12GLAXOSMITHKLINE PLCSPONSORED ADR1.68%$71M1.51M
13CAHCARDINAL HEALTH INChistory →COM1.66%$70M1.38M
14FLEX LTDORD1.54%$65M5.15M
15ADECOAGRO S ACOM1.51%$64M7.60M
16BNYBANK NEW YORK MELLON CORPhistory →COM1.50%$63M1.25M
17BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.42%$60M281.9K
18CICIGNA CORP NEWhistory →COM1.31%$55M268.6K
19STTSTATE STR CORPhistory →COM1.28%$54M680.8K
20CVSCVS HEALTH CORPhistory →COM1.26%$53M715.9K
21AIGAMERICAN INTL GROUP INChistory →COM NEW1.25%$52M1.02M
22HALHALLIBURTON COhistory →COM1.22%$51M2.09M
23PNCPNC FINL SVCS GROUP INChistory →COM1.19%$50M314.5K
24EMREMERSON ELEC COhistory →COM1.19%$50M656.8K
25LABORATORY CORP AMER HLDGSCOM NEW1.19%$50M295.0K
26HCAHCA HEALTHCARE INChistory →COM1.11%$47M315.5K
27WPPWPP PLC NEWhistory →ADR1.05%$44M625.4K
28UBS GROUP AGSHS1.04%$44M3.47M
29CREDIT SUISSE GROUPSPONSORED ADR1.03%$43M3.23M
30EENI S P Ahistory →SPONSORED ADR0.97%$41M1.31M
31VIV1USDTELEFONICA BRASIL SAhistory →SPONSORED ADR0.92%$39M2.70M
32HMCHONDA MOTOR LTDhistory →AMERN SHS0.85%$36M1.27M
33COPA HOLDINGS SACL A0.84%$35M326.3K
34CHINA MOBILE LIMITEDSPONSORED ADR0.83%$35M822.3K
35JEFJEFFERIES FINL GROUP INChistory →COM0.81%$34M1.60M
36TAKEDA PHARMACEUTICAL CO LTDSPONSORED ADS0.80%$34M1.71M
37ENICENEL CHILE S Ahistory →SPONSORED ADR0.76%$32M6.77M
38FDXFEDEX CORPhistory →COM0.76%$32M211.0K
39AVALGRUPO AVAL ACCIONES Y VALOREhistory →SPONSORED ADS0.75%$32M3.63M
40BPBP PLChistory →SPONSORED ADR0.73%$31M818.2K
41PEPPEPSICO INChistory →COM0.73%$31M225.5K
42TOTAL S ASPONSORED ADS0.73%$31M555.8K
43CHVCHEVRON CORP NEWhistory →COM0.71%$30M248.3K
44MSFTMICROSOFT CORPhistory →COM0.70%$29M186.0K
45CMCSACOMCAST CORP NEWhistory →CL A0.64%$27M600.7K
46MBTGBPMOBILE TELESYSTEMS PJSChistory →SPONSORED ADR0.64%$27M2.64M
47BCSBARCLAYS PLChistory →ADR0.62%$26M2.75M

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 ↗.