GQG Partners LLC

CIK 1697233 · View on SEC EDGAR ↗

Portfolio value
$52.6B
#133 of 9,443 by 13F value · top 1.4%
Positions
102
As of
June 30, 2026

Portfolio value QoQ: -14.7% 13F does not disclose cash

Top 10 holdings weight
54.26%
Top 25 holdings weight
81.31%
Positions above 1%
26
Effective number of positions
20.0

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 17.63% Est. buys $10,074,602,903 · sells $18,152,074,003

Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 60.0% still held

New positions
29
Increased
29
Decreased
39
Closed
8
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+13.3%
S&P 500 total return (same window)
+28.1%
Excess return
-14.8%

Annualized: +8.7% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 99.1% · Options excluded: 0.0%

Sector breakdown

Consumer Staples
27.0%
Energy
19.8%
Financials
19.0%
Utilities
12.6%
Healthcare
6.9%
Technology
6.1%
Telecommunication
5.2%
Consumer products
1.0%
Communication Services
1.0%
Industrials
0.4%
Financial Services
0.4%
Retail
0.4%
Consumer Discretionary
0.3%

Full portfolio 102 positions

Type Streak 8Q trend
PM Philip Morris International Inc Common Stock $8,220,008,114 15.62% 45,436,985 $-64,504,083 Down ×2
CB Chubb Limited Common Stock $4,250,112,612 8.08% 12,473,178 $202,452,577 Up ×1
PBR Petroleo Brasileiro S.A. Petrobras ADS $3,122,083,433 5.93% 193,198,230 $-476,798,805 Up ×2
ENB Enbridge Inc Common Stock $2,646,936,674 5.03% 48,827,739 $-1,214,560,509 Down ×3
XOM Exxon Mobil Corporation Common Stock $2,307,497,463 4.38% 16,877,523 $1,177,032,702 Up ×1
MO Altria Group, Inc. $1,806,782,270 3.43% 25,111,622 $233,788,075 Up ×1
CI The Cigna Group Common Stock $1,628,918,123 3.09% 5,908,707 $27,759,362 Down ×2
PGR Progressive Corporation (The) Common Stock $1,538,570,007 2.92% 7,043,101 $-273,137,471 Down ×2
VZ Verizon Communications Inc. Common Stock $1,519,042,936 2.89% 35,877,241 $-775,830,431 Down ×1
BTI British American Tobacco Industries, p.l.c. Common Stock ADR $1,517,240,175 2.88% 24,566,708 $-101,404,589 Down ×3
KO Coca-Cola Company (The) Common Stock $1,494,497,939 2.84% 18,389,277 $-111,616,051 Down ×2
AEP American Electric Power Company, Inc. - Common Stock $1,404,093,904 2.67% 10,263,074 $-565,501,575 Down ×4
ALL Allstate Corporation (The) Common Stock $1,245,710,165 2.37% 5,235,375 $51,094,888 Down ×1
T AT&T Inc. $1,223,364,203 2.32% 59,099,713 $-1,135,061,945 Down ×4
AWK American Water Works Company, Inc. Common Stock $1,171,476,990 2.23% 8,903,133 $296,271,687 Up ×1
EXC Exelon Corporation - Common Stock $922,917,399 1.75% 19,796,580 $-169,160,939 Down ×4
IBN ICICI Bank Limited Common Stock $896,979,414 1.70% 30,898,356 $-1,106,814,332 Down ×1
XEL Xcel Energy Inc. - Common Stock $891,688,246 1.69% 11,104,441 $2,501,824 Down ×3
DUK Duke Energy Corporation (Holding Company) Common Stock $823,157,324 1.56% 6,503,039 $-198,499,877 Down ×4
CVS CVS Health Corporation Common Stock $822,989,370 1.56% 7,955,411 $820,725,388 Up ×2
TRV The Travelers Companies, Inc. Common Stock $789,023,639 1.50% 2,390,090 Up ×1
CVX Chevron Corporation Common Stock $716,387,313 1.36% 4,321,814 $-1,407,691,185 Down ×1
NEE NextEra Energy, Inc. Common Stock $651,293,395 1.24% 7,420,437 $-208,658,964 Down ×5
TEAM Atlassian Corporation - Class A Common Stock $595,747,918 1.13% 7,658,413 Up ×1
NVDA NVIDIA Corporation - Common Stock $590,215,822 1.12% 2,949,752 $589,695,428 Up ×1
ABEV Ambev S.A. American Depositary Shares (Each representing 1 Common Share) $581,127,327 1.10% 185,072,397 $34,977,716 Down ×1
BP BP p.l.c. Common Stock $522,413,270 0.99% 14,138,369 $265,673,280 Up ×1
UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) $521,467,466 0.99% 8,673,777 $-14,123,791 Down ×1
HSY The Hershey Company Common Stock $485,436,282 0.92% 2,766,786 Up ×1
ABBV AbbVie Inc. Common Stock $483,559,978 0.92% 1,921,614 Up ×1
DELL Dell Technologies Inc. Class C Common Stock $478,933,543 0.91% 1,110,030 Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd. $414,010,231 0.79% 866,910 $354,254,826 Up ×1
CVE Cenovus Energy Inc Common Stock $411,552,352 0.78% 16,592,495 $-296,779,971 Down ×1
DVN Devon Energy Corporation Common Stock $402,558,480 0.76% 9,742,444 $-411,134,227 Down ×1
ITUB Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) $393,276,593 0.75% 48,136,668 $-290,918,737 Down ×2
AAPL Apple Inc. - Common Stock $372,229,186 0.71% 1,286,388
CMS CMS Energy Corporation Common Stock $363,387,746 0.69% 4,750,161 $21,059,869 Up ×1
NVS Novartis AG Common Stock $337,128,503 0.64% 2,151,131 $-36,695,533 Down ×2
META Meta Platforms, Inc. - Class A Common Stock $333,128,261 0.63% 591,397
MSFT Microsoft Corporation - Common Stock $316,525,514 0.60% 848,548
ISRG Intuitive Surgical, Inc. - Common Stock $310,368,786 0.59% 780,428
INFY Infosys Limited American Depositary Shares $283,226,224 0.54% 26,999,640
CINF Cincinnati Financial Corporation - Common Stock $216,679,259 0.41% 1,170,338 $-22,230,703 Down ×4
EMBJ Embraer S.A. Common Stock $203,409,967 0.39% 3,188,244 $-157,012,529 Down ×4
ATO Atmos Energy Corporation Common Stock $202,443,484 0.38% 1,175,136 $38,555,974 Up ×2
STT State Street Corporation Common Stock $187,588,074 0.36% 1,106,046
RNR RenaissanceRe Holdings Ltd. Common Stock $185,350,721 0.35% 584,871 $36,033,152 Up ×2
BAC Bank of America Corporation Common Stock $180,431,514 0.34% 3,166,564
CNP CenterPoint Energy, Inc (Holding Co) Common Stock $176,573,746 0.34% 4,009,382 $-28,073,422 Down ×4
ACGL Arch Capital Group Ltd. - Common Stock $166,676,867 0.32% 1,717,256 $8,674,831 Up ×1
MCD McDonald's Corporation Common Stock $162,563,590 0.31% 601,383 Up ×1
NTES NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares $157,160,250 0.30% 1,226,473 Up ×1
AVGO Broadcom Inc. - Common Stock $140,849,881 0.27% 372,865
AMZN Amazon.com, Inc. - Common Stock $136,800,906 0.26% 573,974 $136,502,141 Up ×1
SU Suncor Energy Inc. Common Stock $123,194,101 0.23% 2,290,716 $-1,010,275,213 Down ×1
FANG Diamondback Energy, Inc. - Common Stock $103,192,084 0.20% 587,036 Up ×1
BUD Anheuser-Busch Inbev SA Sponsored ADR (Belgium) $75,671,518 0.14% 918,338 $75,200,349 Up ×1
ORI Old Republic International Corporation Common Stock $72,049,828 0.14% 1,760,732 $-68,885,672 Down ×1
JD JD.com, Inc. - American Depositary Shares $58,706,506 0.11% 2,304,023
PEP PepsiCo, Inc. - Common Stock $29,546,551 0.06% 218,202 $-135,266,739 Down ×1
BAP Credicorp Ltd. Common Stock $28,435,834 0.05% 72,991 $3,678,747
E ENI S.p.A. Common Stock $27,689,004 0.05% 590,882 $10,663,647 Up ×6
GOOG Alphabet Inc. - Class C Capital Stock $22,571,437 0.04% 63,882 $22,368,905 Up ×1
TTE TotalEnergies SE Ordinary Shares $20,512,763 0.04% 263,895 $-1,841,275 Up ×2
SPY SPY $11,037,628 0.02% 14,777 $4,932,248 Up ×1
IBM International Business Machines Corporation Common Stock $8,646,937 0.02% 30,749
AZN AstraZeneca PLC - American Depositary Shares $8,541,695 0.02% 45,569 $-331,240 Up ×1
NGG National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares $8,432,914 0.02% 101,755 $7,932,590 Up ×1
BBVA Banco Bilbao Vizcaya Argentaria S.A. Common Stock $8,285,036 0.02% 330,608 Up ×1
SAP SAP SE ADS $7,007,009 0.01% 45,468
VLO Valero Energy Corporation Common Stock $6,924,319 0.01% 26,587 $-1,454,658 Down ×1
MRK Merck & Company, Inc. Common Stock (new) $6,822,322 0.01% 53,092 $445,028 Up ×1
JNJ Johnson & Johnson Common Stock $6,389,393 0.01% 25,158 $-1,782,253,542 Down ×2
BMY Bristol-Myers Squibb Company Common Stock $5,546,732 0.01% 96,264 $2,734,938 Up ×1
AIG American International Group, Inc. New Common Stock $5,471,194 0.01% 73,409 $-791,235,051 Down ×4
PPL PPL Corporation Common Stock $5,328,481 0.01% 146,588 $-7,887,367 Down ×4
TRP TC Energy Corporation Common Stock $5,162,738 0.01% 77,876 $-1,047,800,446 Down ×1
SO Southern Company (The) Common Stock $5,146,997 0.01% 53,777 $-36,321 Up ×1
GLD $5,019,546 0.01% 13,626 $3,830,655 Up ×1
FDS FactSet Research Systems Inc. Common Stock $4,899,784 0.01% 21,296 Up ×1
PG Procter & Gamble Company (The) Common Stock $4,278,491 0.01% 29,177 $-9,658,842 Down ×2
SNY Sanofi - American Depositary Shares $4,165,322 0.01% 97,640 $-3,770,409 Down ×1
HSBC HSBC Holdings, plc. Common Stock $3,587,000 0.01% 37,717
SAN Banco Santander, S.A. Sponsored ADR (Spain) $3,578,011 0.01% 259,273 Up ×1
OMC Omnicom Group Inc. Common Stock $3,331,463 0.01% 45,743 Up ×1
PFE Pfizer, Inc. Common Stock $3,168,134 0.01% 131,567 $458,639 Up ×2
CNQ Canadian Natural Resources Limited Common Stock $2,759,510 0.01% 69,861 $2,597,385 Up ×1
ACWI iShares MSCI ACWI ETF $2,114,487 0.00% 13,470 $-1,530,649 Down ×2
LYG Lloyds Banking Group Plc American Depositary Shares $1,988,781 0.00% 341,126 Up ×1
KR Kroger Company (The) Common Stock $1,901,088 0.00% 34,235 $-919,752,705 Down ×2
WDAY Workday, Inc. - Class A Common Stock $1,865,985 0.00% 15,242 Up ×1
ASML ASML Holding N.V. - New York Registry Shares $1,085,017 0.00% 540 Up ×1
IWB $1,016,428 0.00% 2,481 $620,515 Up ×1
APP Applovin Corporation - Class A Common Stock $954,098 0.00% 1,852 $211,021 Down ×6
RY Royal Bank Of Canada Common Stock $633,121 0.00% 3,059 $138,236
WMT Walmart Inc. - Common Stock $610,882 0.00% 5,394 $-59,438
SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) $465,342 0.00% 6,001 $-92,781
AXIA AXIA Energia American Depositary Shares (Each representing one Common Share) $321,056 0.00% 30,403 $5,374 Up ×3
GS Goldman Sachs Group, Inc. (The) Common Stock $301,174 0.00% 298 $49,248
ADSK Autodesk, Inc. - Common Stock $229,464 0.00% 1,180 Up ×1

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
E $27,689,004 0.05% up ×6
AXIA $321,056 0.00% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
TRV $789,023,639 2,390,090 1.50%
TEAM $595,747,918 7,658,413 1.13%
HSY $485,436,282 2,766,786 0.92%
ABBV $483,559,978 1,921,614 0.92%
DELL $478,933,543 1,110,030 0.91%
AAPL $372,229,186 1,286,388 0.71%
META $333,128,261 591,397 0.63%
MSFT $316,525,514 848,548 0.60%
ISRG $310,368,786 780,428 0.59%
INFY $283,226,224 26,999,640 0.54%
STT $187,588,074 1,106,046 0.36%
BAC $180,431,514 3,166,564 0.34%
MCD $162,563,590 601,383 0.31%
NTES $157,160,250 1,226,473 0.30%
AVGO $140,849,881 372,865 0.27%

Top movers (QoQ)

Security Action Shares Δ Value Δ
CVX Trimmed -5.9M -$1.4B
ENB Trimmed -22.6M -$1.2B
XOM Bought more +10.2M +$1.2B
T Trimmed -22.3M -$1.1B
IBN Trimmed -46.5M -$1.1B
VZ Trimmed -9.8M -$775.8M
AEP Trimmed -4.8M -$565.5M
PBR Bought more +19.8M -$476.8M
DVN Trimmed -6.4M -$411.1M
CVE Trimmed -10.2M -$296.8M

8 positions hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
UNH March 31, 2025 3,425,564 $1,732,856,173 -25.1%
GE June 30, 2025 8,028,180 $1,606,840,144 37.2%
IBM Sept. 30, 2025 4,692,192 $1,383,174,807 -16.3%
OXY June 30, 2026 18,311,639 $1,190,257,845 27.4%
BRKB June 30, 2026 1,896,646 $908,882,953 No longer tracked
HDB June 30, 2026 34,095,946 $848,307,136 -10.0%
MRVL March 31, 2025 7,264,921 $802,410,473 295.1%
MELI Dec. 31, 2025 332,296 $776,555,814 -4.8%
CME June 30, 2026 2,625,795 $775,534,502 21.9%
SNOW March 31, 2025 4,860,902 $750,571,872 119.5%
TRGP June 30, 2025 3,614,307 $724,560,083 73.8%
DB Dec. 31, 2025 20,058,666 $705,889,555 -1.8%
BDX June 30, 2025 3,011,583 $689,833,122 38.4%
CTSH March 31, 2026 8,116,278 $673,651,074 -0.1%
GOOGL March 31, 2025 3,322,809 $629,007,744 121.8%
DTE Dec. 31, 2025 4,359,398 $616,554,420 8.0%
ISRG March 31, 2025 1,145,300 $597,800,779 -20.3%
CL March 31, 2026 7,396,227 $584,450,355 6.8%
ELV Sept. 30, 2025 1,463,610 $569,299,866 22.2%
ULXXXX Dec. 31, 2025 9,280,226 $550,132,164 No longer tracked
INFY March 31, 2026 29,130,383 $519,103,425 -12.1%
AXON March 31, 2025 804,867 $478,348,814 20.4%
FMX Sept. 30, 2025 3,759,941 $387,198,724 21.1%
ABEV March 31, 2025 196,676,003 $363,850,606 19.7%
MCK Sept. 30, 2025 490,526 $359,475,009 10.1%
KKR March 31, 2025 2,202,368 $325,752,269 -5.3%
OKE June 30, 2025 3,065,067 $304,115,940 18.8%
HOOD March 31, 2025 8,113,929 $302,325,007 135.8%
UNH Sept. 30, 2025 910,560 $284,076,235 13.6%
RDDT March 31, 2025 1,661,400 $271,539,154 41.4%
FISV June 30, 2025 1,203,502 $265,769,378 -70.2%
VALE June 30, 2026 16,574,442 $263,699,372 -8.1%
ACN March 31, 2026 835,404 $224,143,732 -6.7%
MMYT June 30, 2025 2,009,506 $196,911,493 -35.8%
CPNG June 30, 2025 7,666,520 $168,126,784 -45.5%
GGAL March 31, 2026 3,075,544 $165,894,843 -10.2%
BMY Sept. 30, 2025 3,025,192 $140,036,389 48.1%
ASR June 30, 2026 366,108 $123,059,882 -15.7%
ICE Dec. 31, 2025 659,877 $111,180,583 -2.7%
KSPI Dec. 31, 2025 1,107,143 $90,431,440 30.4%
GLOB March 31, 2025 395,979 $84,905,817 -66.1%
FLUT Dec. 31, 2025 281,210 $71,427,340 -52.5%
SPOT Sept. 30, 2025 75,839 $58,194,298 -22.6%
JD June 30, 2025 1,260,326 $51,824,605 -10.7%
NDAQ June 30, 2025 660,595 $50,112,737 8.4%
SLDE Dec. 31, 2025 2,989,964 $47,196,581 14.1%
ARM Sept. 30, 2025 273,048 $44,162,804 74.6%
IMO March 31, 2025 610,594 $37,611,266 No longer tracked
ETOR Dec. 31, 2025 842,502 $34,770,058 -16.7%
RDY March 31, 2025 2,008,759 $31,718,305 -7.8%
SE March 31, 2025 269,444 $28,588,008 -9.9%
CIB Dec. 31, 2025 505,743 $26,268,291 54.8%
CIBXXXX June 30, 2025 308,611 $12,406,162 No longer tracked
MA June 30, 2025 20,587 $11,284,146 2.7%
ORCL March 31, 2025 54,534 $9,087,546 2.0%
STT March 31, 2025 68,228 $6,696,614 107.1%
CNQ March 31, 2025 184,371 $5,689,323 65.9%
FTS March 31, 2025 132,648 $5,509,015 24.3%
HII March 31, 2026 16,129 $5,484,989 -19.0%
BABA March 31, 2025 59,497 $5,044,751 -5.3%
PDD March 31, 2025 52,012 $5,044,644 -25.2%
USB Dec. 31, 2025 85,600 $4,137,048 17.2%
TMUS March 31, 2025 18,533 $4,090,789 -31.6%
MFC June 30, 2025 117,100 $3,648,264 34.7%
SLB March 31, 2025 94,045 $3,605,689 29.5%
BAC Dec. 31, 2025 42,818 $2,208,960 14.4%
CCL March 31, 2025 62,805 $1,565,101 33.0%
MSFT March 31, 2026 1,815 $877,639 30.5%
VV March 31, 2025 3,062 $825,917 No longer tracked
GLD Dec. 31, 2025 1,908 $678,237 No longer tracked
LLY March 31, 2026 620 $666,162 37.9%
VT March 31, 2026 4,245 $598,764 No longer tracked
HSBC Dec. 31, 2025 7,225 $512,830 30.9%
SAP March 31, 2026 1,750 $425,016 26.3%
NVO Sept. 30, 2025 5,923 $408,778 -16.2%
NOW March 31, 2026 2,338 $358,186 24.0%
META March 31, 2026 518 $341,995 -4.4%
BCS Sept. 30, 2025 17,962 $333,914 29.6%
NFLX March 31, 2026 3,394 $318,235 -16.1%
DEO March 31, 2026 3,076 $265,367 25.6%
VV June 30, 2026 846 $252,978 No longer tracked
AAPL Dec. 31, 2025 906 $230,602 16.8%
AVGO March 31, 2026 608 $210,571 17.7%
SNY June 30, 2025 3,647 $202,263 -5.9%
FNV June 30, 2026 739 $182,570 20.2%