Sanders Capital, LLC

Long Only Manager • Value

Sanders Capital, LLC is a Value-focused institution based in West Palm Beach, FL led by Lewis Alan Sanders, reporting $100.24B in AUM as of Q3 2025 with 33% Technology concentration and 62% concentrated in top 10 holdings.

CEOLewis Alan Sanders

Portfolio Value: $81.3B
Positions: 47
Top Holding: TSM at 11.09%
Last Reported: Q3 2025

Address777 S. Flagler Drive E. Tower, Suite No. 1100, West Palm Beach, FL, 33401-5153, United States

Top Holdings

Largest long holdings in Sanders Capital, LLC's portfolio (61.5% of total portfolio)

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Holding	Sector	Market Value	Weight	Ownership	Owned Since
1 Taiwan Semiconductor Manufacturing Company TSM	Semiconductors Technology	$9.0B	11.09%	— 32.3M shares	Q4 2022 Held for 2y 11m
2 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$8.2B	10.09%	0.28% 33.7M shares	Q3 2016 Held for 9y 2m
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$7.0B	8.58%	0.38% 9.5M shares	Q3 2018 Held for 7y 2m
4 Microsoft MSFT	Software - Infrastructure Technology	$6.4B	7.83%	0.17% 12.3M shares	Q4 2010 Held for 14y 11m
5 HCA Healthcare HCA	Medical - Care Facilities Healthcare	$4.5B	5.60%	4.56% 10.7M shares	Q2 2020 Held for 5y 5m
6 Seagate Technology Holdings PLC STX	Computer Hardware Technology	$4.1B	5.09%	8.24% 17.5M shares	Q3 2021 Held for 4y 2m
7 Amazon AMZN	Specialty Retail Consumer Cyclical	$3.3B	4.03%	0.14% 14.9M shares	Q2 2024 Held for 1y 5m
8 Apple AAPL	Consumer Electronics Technology	$2.8B	3.43%	0.07% 11.0M shares	Q3 2013 Held for 12y 2m
9 Accenture ACN	Information Technology Services Technology	$2.4B	2.92%	1.55% 9.6M shares	Q2 2025 Held for 5 months
10 Bank of America BAC	Banks - Diversified Financial Services	$2.3B	2.88%	0.61% 45.4M shares	Q4 2012 Held for 12y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Sanders Capital, LLC's latest filing

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Market Value

$81.3B

Prior: $74.5B

Q/Q Change

+9.13%

+$6.8B

Net Flows % of MV

-3.45%

Turnover Ratio

6.64%

New Purchases

2 stocks

$1.3B

Added To

13 stocks

+$2.7B

Sold Out Of

3 stocks

$599.6M

Reduced Holdings

31 stocks

-$6.2B

Increased Positions

Position	Shares Δ	Change
1 CME Group CME	New	0 → 3.7M +$1.0B
2 FISV Fiserv, Inc. Common Stock FISV	New	0 → 2.3M +$296.7M
3 SPDR S&P 500 ETF Trust SPY	+205.47%	557.8K → 1.7M +$763.5M
4 Vanguard FTSE All-World Ex-US ETF VEU	+184.77%	3.2M → 9.0M +$418.7M
5 Applied Materials AMAT	+42.62%	7.7M → 11.0M +$671.7M

Decreased Positions

Position	Shares Δ	Change
1 Fiserv FI	Sold	2.3M → 0 −$393.0M
2 Suncor Energy SU	Sold	4.0M → 0 −$149.6M
3 Aptiv APTV	Sold	836.0K → 0 −$57.0M
4 Citigroup C	-91.99%	11.8M → 943.6K −$1.1B
5 BABA Alibaba Group Holding Limited BABA	-57.72%	8.5M → 3.6M −$880.3M