SEC 13F Intelligence

Managers / Q2 2020 · view latest →

BRANDES INVESTMENT PARTNERS, LP

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

Reported Value
$3.3B
Q2 2020
Positions
343
Filings on Record
30
2019–present window
Filed
Aug 12, 2020
original filing

Summary

Brandes Investment Partners, LP reported $3.3B in U.S.-listed holdings across 343 positions for Q2 2020.

Its largest position, Cemex Sab De Cv, represents 4.7% of the portfolio.

Compared with Q1 2020, the fund opened 25 new positions and exited 7.

Portfolio Metrics

Turnover
+5.9%
vs prior filed quarter
Top-10 Concentration
+24.6%
share of reported value
Largest Position
+4.7%
Cemex Sab De Cv
New / Exited
25 / 7
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: 55.4%ADR: 30.4%Other: 14.0%REIT: 0.2%ETP: 0.0%
  • Common Stock · 55.4% · $1.8B
  • ADR · 30.4% · $999M
  • Other · 14.0% · $461M
  • REIT · 0.2% · $5M
  • ETP · 0.0% · $918,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CTVACORTEVA INCNEW+1.18M1.18M+$32M$32M
ABEVAMBEV SANEW+5.92M5.92M+$16M$16M
LIVANOVA PLCNEW+288.7K288.7K+$14M$14M
BUDANHEUSER BUSCH INBEV SA/NVNEW+261.4K261.4K+$13M$13M
OLNOLIN CORPNEW+744.5K744.5K+$9M$9M
KOPKOPPERS HOLDINGS INCNEW+355.3K355.3K+$7M$7M
HRIHERC HLDGS INCNEW+216.6K216.6K+$7M$7M
BHFBRIGHTHOUSE FINL INCNEW+201.3K201.3K+$6M$6M

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

Holdings — Q2 2020

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CEMEX SAB DE CVSPON ADR NEW5.62%$185M64.11M
2EMBJEMBRAER S.A.history →SPONSORED ADS3.77%$124M20.72M
3CCOCAMECO CORPhistory →COM2.74%$90M8.78M
4TRVCCITIGROUP INChistory →COM NEW2.08%$68M1.34M
5MCKMCKESSON CORPhistory →COM1.97%$65M422.4K
6CAHCARDINAL HEALTH INChistory →COM1.96%$65M1.24M
7HALHALLIBURTON COhistory →COM1.86%$61M4.70M
8BACBK OF AMERICA CORPhistory →COM1.85%$61M2.56M
9BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.83%$60M278.7K
10MRKMERCK & CO. INChistory →COM1.83%$60M776.3K
11NXP SEMICONDUCTORS N VCOM1.75%$57M503.8K
12BIDUNBAIDU INChistory →SPON ADR REP A1.70%$56M467.1K
13PFEPFIZER INChistory →COM1.69%$55M1.69M
14SNYSANOFIhistory →SPONSORED ADR1.56%$51M1.01M
15WFCWELLS FARGO CO NEWhistory →COM1.50%$49M1.93M
16CICIGNA CORP NEWhistory →COM1.43%$47M251.1K
17LABORATORY CORP AMER HLDGSCOM NEW1.42%$47M281.3K
18BNYBANK NEW YORK MELLON CORPhistory →COM1.41%$46M1.20M
19EMREMERSON ELEC COhistory →COM1.36%$45M721.4K
20CVSCVS HEALTH CORPhistory →COM1.35%$44M683.7K
21COPA HOLDINGS SACL A1.33%$44M864.8K
22MHKMOHAWK INDS INChistory →COM1.29%$42M416.9K
23FDXFEDEX CORPhistory →COM1.24%$41M291.3K
24STTSTATE STR CORPhistory →COM1.23%$41M637.8K
25CMCSACOMCAST CORP NEWhistory →CL A1.22%$40M1.03M
26TXTTEXTRON INChistory →COM1.21%$40M1.21M
27GLAXOSMITHKLINE PLCSPONSORED ADR1.17%$38M938.5K
28HCAHCA HEALTHCARE INChistory →COM1.08%$35M364.8K
29UBS GROUP AGSHS1.07%$35M3.05M
30AIGAMERICAN INTL GROUP INChistory →COM NEW1.05%$35M1.11M
31YPF SOCIEDAD ANONIMASPON ADR CL D1.02%$34M5.84M
32ADECOAGRO S ACOM0.95%$31M7.22M
33CREDIT SUISSE GROUPSPONSORED ADR0.93%$31M2.98M
34TAKEDA PHARMACEUTICAL CO LTDSPONSORED ADS0.91%$30M1.67M
35PNCPNC FINL SVCS GROUP INChistory →COM0.89%$29M279.1K
36EPCEDGEWELL PERS CARE COhistory →COM0.85%$28M897.4K
37AMATAPPLIED MATLS INChistory →COM0.84%$28M457.5K
38TOTAL S.A.SPONSORED ADS0.83%$27M708.7K
39EENI S P Ahistory →SPONSORED ADR0.82%$27M1.39M
40TFCTRUIST FINL CORPhistory →COM0.81%$27M710.0K
41CHVCHEVRON CORP NEWhistory →COM0.79%$26M292.5K
42CTVACORTEVA INChistory →COM0.78%$26M955.8K
43NTGRNETGEAR INChistory →COM0.78%$25M984.7K
44ENICENEL CHILE S.A.history →SPONSORED ADR0.77%$25M6.68M
45HMCHONDA MOTOR LTDhistory →AMERN SHS0.77%$25M985.1K
46CHINA MOBILE LIMITEDSPONSORED ADR0.76%$25M740.1K
47BPBP PLChistory →SPONSORED ADR0.75%$25M1.06M
48WPPWPP PLC NEWhistory →ADR0.74%$24M620.7K
49TMHCTAYLOR MORRISON HOME CORPhistory →COM0.69%$23M1.17M

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 2 additional managers.

  • Brandes Investment Partners & Co.028-14898
  • Brandes Investment Partners (Europe) Ltd.028-18793

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 ↗.