SEC 13F Intelligence

Managers / Q2 2022 · view latest →

BRANDES INVESTMENT PARTNERS, LP

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

Reported Value
$4.1B
Q2 2022
Positions
354
Filings on Record
30
2019–present window
Filed
Aug 12, 2022
original filing

Summary

Brandes Investment Partners, LP reported $4.1B in U.S.-listed holdings across 354 positions for Q2 2022.

Its largest position, EMBJ, represents 3.5% of the portfolio.

Compared with Q1 2022, the fund opened 11 new positions and exited 6.

Portfolio Metrics

Turnover
+4.1%
vs prior filed quarter
Top-10 Concentration
+21.2%
share of reported value
Largest Position
+3.5%
Embraer S A
New / Exited
11 / 6
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: 69.5%ADR: 18.4%Other: 11.5%NY Reg Shrs: 0.2%US DOMESTIC: 0.1%Other: 0.2%
  • Common Stock · 69.5% · $2.8B
  • ADR · 18.4% · $753M
  • Other · 11.5% · $472M
  • NY Reg Shrs · 0.2% · $10M
  • US DOMESTIC · 0.1% · $5M
  • Other · 0.2% · $9M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MILLICOM INTL CELLULAR S ANEW+1.94M1.94M+$28M$28M
SAPSAP SENEW+169.1K169.1K+$15M$15M
PHGKONINKLIJKE PHILIPS N VNEW+461.2K461.2K+$10M$10M
VANGUARD INDEX FDSNEW+21.0K21.0K+$3M$3M
SMGSCOTTS MIRACLE-GRO CONEW+13.8K13.8K+$1M$1M
GIB/ACGI INCNEW+10.8K10.8K+$859,000$859,000
MDC1USDM D C HLDGS INCNEW+21.4K21.4K+$691,000$691,000
UTMUTAH MED PRODS INCNEW+7.9K7.9K+$681,000$681,000

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

Holdings — Q2 2022

40 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EMBJEMBRAER S.A.history →SPONSORED ADS3.47%$142M16.17M
2MRKMERCK & CO INChistory →COM3.04%$124M1.36M
3CEMEX SAB DE CVSPON ADR NEW2.91%$119M30.39M
4CICIGNA CORP NEWhistory →COM2.90%$119M451.0K
5PFEPFIZER INChistory →COM2.66%$109M2.08M
6CMCSACOMCAST CORP NEWhistory →CL A2.22%$91M2.32M
7FDXFEDEX CORPhistory →COM2.15%$88M389.4K
8CHVCHEVRON CORP NEWhistory →COM2.14%$88M604.4K
9WFCWELLS FARGO CO NEWhistory →COM2.13%$87M2.22M
10GDGENERAL DYNAMICS CORPhistory →COM2.11%$86M389.8K
11MCKMCKESSON CORPhistory →COM2.06%$84M258.5K
12CVSCVS HEALTH CORPhistory →COM1.97%$81M871.9K
13AMDOCS LTDSHS1.91%$78M938.0K
14TRVCCITIGROUP INChistory →COM NEW1.60%$65M1.42M
15BACBK OF AMERICA CORPhistory →COM1.59%$65M2.10M
16TECHNIPFMC PLCCOM1.57%$64M9.57M
17FISVFISERV INChistory →COM1.43%$59M657.7K
18HALHALLIBURTON COhistory →COM1.39%$57M1.82M
19AIGAMERICAN INTL GROUP INChistory →COM NEW1.31%$54M1.05M
20GRFSGRIFOLS S Ahistory →SP ADR REP B NVT1.27%$52M4.39M
21CAHCARDINAL HEALTH INChistory →COM1.17%$48M917.3K
22TXTTEXTRON INChistory →COM1.05%$43M705.4K
23TFCTRUIST FINL CORPhistory →COM0.92%$37M790.4K
24OMFONEMAIN HLDGS INChistory →COM0.91%$37M993.2K
25BNYBANK NEW YORK MELLON CORPhistory →COM0.87%$36M852.6K
26PNCPNC FINL SVCS GROUP INChistory →COM0.85%$35M220.2K
27ORIOLD REP INTL CORPhistory →COM0.84%$35M1.54M
28STTSTATE STR CORPhistory →COM0.83%$34M550.2K
29UBS GROUP AGSHS0.79%$32M1.99M
30HCAHCA HEALTHCARE INChistory →COM0.78%$32M189.3K
31MHKMOHAWK INDS INChistory →COM0.77%$32M254.6K
32GSK PLCSPONSORED ADR0.75%$31M709.5K
33EMREMERSON ELEC COhistory →COM0.75%$31M383.8K
34EPCEDGEWELL PERS CARE COhistory →COM0.74%$30M882.7K
35SNYSANOFIhistory →SPONSORED ADR0.73%$30M595.4K
36ZTOZTO EXPRESS CAYMAN INChistory →SPONSORED ADS A0.70%$28M1.04M
37TAKEDA PHARMACEUTICAL CO LTDSPONSORED ADS0.69%$28M2.02M
38LABORATORY CORP AMER HLDGSCOM NEW0.69%$28M120.9K
39NTGRNETGEAR INChistory →COM0.69%$28M1.52M
40JPMJPMORGAN CHASE & COhistory →COM0.65%$26M235.0K

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 ↗.