BRANDES INVESTMENT PARTNERS, LP

Long Only Manager • Value

BRANDES INVESTMENT PARTNERS, LP is a Value-focused institution based in La Jolla, CA led by Oliver Michael Murray, reporting $26.7B in AUM as of Q3 2025 with CAE as the largest holding (4% allocation).

CEOOliver Michael Murray

Portfolio Value: $12.5B
Positions: 180
Top Holding: CAE at 3.56%
Last Reported: Q3 2025

Address4275 Executive Square, 5th Floor, La Jolla, CA, 92037, United States

Top Holdings

Largest long holdings in BRANDES INVESTMENT PARTNERS, LP's portfolio (23.7% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 CAE CAE	Aerospace & Defense Industrials	$444.3M	3.56%	+$5.5M Bought	4.68% 15.0M shares	Q2 2022 Held for 3y 5m
2 Embraer ERJ	Unknown Unknown	$355.6M	2.85%	-$23.7M Sold	— 5.9M shares	Q4 2022 Held for 2y 11m
3 Open Text OTEX	Software - Application Technology	$336.4M	2.70%	+$23.6M Bought	3.54% 9.0M shares	Q3 2021 Held for 4y 2m
4 GRFS Grifois GRFS	Unknown Unknown	$290.0M	2.33%	+$10.8M Bought	— 29.1M shares	Q4 2022 Held for 2y 11m
5 Millicom International Cellular TIGO	Telecommunications Services Communication Services	$283.2M	2.27%	-$38.3M Sold	3.49% 5.8M shares	Q2 2022 Held for 3y 5m
6 Citigroup C	Banks - Diversified Financial Services	$266.0M	2.13%	-$16.2M Sold	0.14% 2.6M shares	Q4 2012 Held for 12y 11m
7 Bank of America BAC	Banks - Diversified Financial Services	$257.5M	2.06%	+$6.6M Bought	0.07% 5.0M shares	Q4 2012 Held for 12y 11m
8 Wells Fargo & Company WFC	Banks - Diversified Financial Services	$244.9M	1.96%	+$11.2M Bought	0.09% 2.9M shares	Q4 2012 Held for 12y 11m
9 Textron TXT	Aerospace & Defense Industrials	$242.3M	1.94%	+$12.9M Bought	1.61% 2.9M shares	Q1 2020 Held for 5y 8m
10 Cigna CI	Medical - Healthcare Plans Healthcare	$238.8M	1.91%	+$44.3M Bought	0.31% 828.4K shares	Q4 2018 Held for 6y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in BRANDES INVESTMENT PARTNERS, LP's latest filing

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Market Value

$12.5B

Prior: $11.1B

Q/Q Change

+12.69%

+$1.4B

Net Flows % of MV

+2.65%

Turnover Ratio

9.79%

New Purchases

2 stocks

$165.8M

Added To

142 stocks

+$1.2B

Sold Out Of

5 stocks

$255.7M

Reduced Holdings

32 stocks

-$774.6M

Increased Positions

Position	Shares Δ	Change
1 Globant GLOB	New	0 → 2.3M +$132.5M
2 KSPI Kaspi.kz KSPI	New	0 → 407.7K +$33.3M
3 EPAM Systems EPAM	+10,552.03%	7.7K → 822.6K +$122.9M
4 Prestige Consumer Healthcare PBH	+1,636.21%	18.1K → 314.0K +$18.5M
5 International Flavors & Fragrances IFF	+1,313.36%	58.3K → 823.6K +$47.1M

Decreased Positions

Position	Shares Δ	Change
1 Fiserv FI	Sold	1.2M → 0 −$201.0M
2 UWM Holdings UWMC	Sold	12.2M → 0 −$50.6M
3 NTES NetEase, Inc. NTES	Sold	17.5K → 0 −$2.4M
4 Quest Diagnostics DGX	Sold	6.2K → 0 −$1.1M
5 Anheuser-Busch InBev SA/NV BUD	Sold	9.0K → 0 −$617.6K

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Analytics

Portfolio insights and performance metrics for BRANDES INVESTMENT PARTNERS, LP

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Sector Allocation

Healthcare

18.00%

Industrials

15.90%

Financial Services

14.10%

Technology

11.60%

Communication Services

5.80%

Consumer Cyclical

4.00%

Basic Materials

3.90%

Energy

3.30%

Consumer Defensive

3.10%

Utilities

1.00%

Market Cap Distribution

Mega Cap (> $200B)

10.14%

Large Cap ($10B - $200B)

39.07%

Mid Cap ($2B - $10B)

22.44%

Small Cap ($300M - $2B)

9.46%

Micro Cap ($50M - $300M)

0.90%

N/A (ETF or Unknown)

18.00%

Portfolio Concentration

Top 10 Holdings %

23.73%

Top 20 Holdings %

40.13%

Top 50 Holdings %

71.78%

Top 100 Holdings %

95.08%