Sanders Capital, LLC

CIK 1508097 · View on SEC EDGAR ↗

Portfolio value
$99.8B
#73 of 9,443 by 13F value · top 0.8%
Positions
47
As of
June 30, 2026

Portfolio value QoQ: +18.9% 13F does not disclose cash

Top 10 holdings weight
60.17%
Top 25 holdings weight
88.75%
Positions above 1%
30
Effective number of positions
19.4

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

Turnover Q2 2026: 12.43% Est. buys $11,421,430,118 · sells $14,349,740,717

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 79.7% still held

New positions
4
Increased
10
Decreased
33
Closed
1
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+51.4%
S&P 500 total return (same window)
+28.1%
Excess return
+23.4%

Annualized: +32.0% · 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: 99.4% · Options excluded: 0.0%

Sector breakdown

Technology
37.3%
Communication Services
17.2%
Health Care
12.5%
Industrials
9.8%
Retail
8.7%
Financials
4.3%
Financial Services
4.0%
Consumer Discretionary
2.6%
Consumer products
1.0%
Consumer Staples
0.5%
Other/Unmapped
2.2%

Full portfolio 47 positions

Type Streak 8Q trend
TSM Taiwan Semiconductor Manufacturing Company Ltd. $12,488,008,494 12.51% 26,149,064 $3,005,100,403 Down ×6
GOOG Alphabet Inc. - Class C Capital Stock $9,707,013,537 9.72% 27,472,939 $1,464,641,348 Down ×4
AMZN Amazon.com, Inc. - Common Stock $6,995,927,046 7.01% 29,352,719 $785,591,604 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $6,096,527,100 6.11% 10,823,070 $52,088,648 Up ×3
MSFT Microsoft Corporation - Common Stock $6,006,377,739 6.02% 16,102,026 $1,418,604,771 Up ×2
NVDA NVIDIA Corporation - Common Stock $4,514,209,280 4.52% 22,560,894 $3,271,521,034 Up ×1
AMAT Applied Materials, Inc. - Common Stock $4,406,230,956 4.41% 6,094,372 $2,295,618,918 Down ×3
HCA HCA Healthcare, Inc. Common Stock $3,442,060,818 3.45% 8,828,287 $-796,818,482 Down ×6
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $3,365,166,335 3.37% 3,487,219 $-1,687,441,129 Down ×5
AAPL Apple Inc. - Common Stock $3,046,437,348 3.05% 10,528,191 $287,831,159 Down ×6
CI The Cigna Group Common Stock $2,796,668,015 2.80% 10,144,617 $51,708,616 Down ×1
DAL Delta Air Lines, Inc. Common Stock $2,728,281,052 2.73% 29,129,629 $769,304,588 Down ×2
BAC Bank of America Corporation Common Stock $2,640,764,824 2.65% 46,345,469 $438,865,823 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $2,451,649,249 2.46% 5,898,634 $837,665,135 Down ×3
ELV Elevance Health, Inc. Common Stock $2,252,711,532 2.26% 5,825,024 $527,154,329 Down ×1
UAL United Airlines Holdings, Inc. - Common Stock $2,043,650,649 2.05% 15,027,948 $643,767,638 Down ×1
AVGO Broadcom Inc. - Common Stock $1,950,561,233 1.95% 5,163,630 Up ×1
RTX RTX Corporation Common Stock $1,760,291,793 1.76% 9,277,878 $-54,372,133 Down ×1
V Visa Inc. $1,645,563,596 1.65% 4,796,303 $176,177,593 Down ×1
SPY SPY $1,521,100,294 1.52% 2,036,906 $-379,848,729 Down ×1
CRM Salesforce, Inc. Common Stock $1,506,341,358 1.51% 9,615,354 $-273,053,643 Up ×2
DIS Walt Disney Company (The) Common Stock $1,326,392,375 1.33% 13,780,700 Up ×1
AZN AstraZeneca PLC - American Depositary Shares $1,324,842,705 1.33% 6,986,830 $-68,640,449 Down ×1
BKNG Booking Holdings Inc. - Common Stock $1,321,643,362 1.32% 7,414,965 $1,271,208,216 Up ×4
GD General Dynamics Corporation Common Stock $1,256,190,301 1.26% 3,546,156 $14,679,815 Down ×6
JPM JP Morgan Chase & Co. Common Stock $1,256,160,299 1.26% 3,837,596 $109,946,739 Down ×6
MA Mastercard Incorporated Common Stock $1,196,872,382 1.20% 2,330,359 $17,460,428 Down ×1
CME CME Group Inc. - Class A Common Stock $1,119,109,024 1.12% 5,067,740 $-109,898,443 Up ×1
ULTA Ulta Beauty, Inc. - Common Stock $1,109,847,800 1.11% 2,460,969 $112,444,463 Up ×2
LMT Lockheed Martin Corporation Common Stock $1,066,571,322 1.07% 2,093,533 $376,948,431 Up ×1
PG Procter & Gamble Company (The) Common Stock $975,003,054 0.98% 6,648,957 $-181,873 Down ×6
NOC Northrop Grumman Corporation Common Stock $931,145,498 0.93% 1,828,249 $-342,751,450 Down ×5
RCL Royal Caribbean Cruises Ltd. Common Stock $826,610,608 0.83% 2,603,252 Up ×1
VEU $656,569,683 0.66% 7,839,638 $-92,906,463 Down ×1
PDD PDD Holdings Inc. - American Depositary Shares $605,412,773 0.61% 7,936,717 $-221,407,453 Down ×4
TCOM Trip.com Group Limited - American Depositary Shares $420,732,870 0.42% 10,560,564 $-109,071,267 Down ×1
MKC McCormick & Company, Incorporated Common Stock $408,793,007 0.41% 8,107,755 Up ×1
HSBC HSBC Holdings, plc. Common Stock $250,317,769 0.25% 2,632,430 $18,765,864 Down ×4
ABBV AbbVie Inc. Common Stock $121,784,449 0.12% 483,963 $9,430,637 Down ×4
ABT Abbott Laboratories Common Stock $95,313,750 0.10% 1,050,405 $-19,800,367 Down ×4
TFC Truist Financial Corporation Common Stock $95,107,476 0.10% 1,909,022 $1,428,799 Down ×4
PEP PepsiCo, Inc. - Common Stock $71,816,295 0.07% 530,401 $-203,603,254 Down ×6
UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) $14,154,352 0.01% 235,435 $8,939,603 Up ×1
SHG Shinhan Financial Group Co Ltd American Depositary Shares $7,585,952 0.01% 119,936 $-1,834,394 Down ×6
ING ING Group, N.V. Common Stock $3,539,193 0.00% 112,785 $520,389 Down ×6
NWG NatWest Group plc American Depositary Shares, (each representing two (2) Ordinary Shares) $3,172,765 0.00% 179,964 $415,311 Down ×6
SYF Synchrony Financial Common Stock $210,887 0.00% 2,773 $-1,072,446 Down ×6

Conviction holdings

Positions increased for 3+ consecutive quarters.

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

Security Value % of portfolio Streak
META $6,096,527,100 6.11% up ×3
BKNG $1,321,643,362 1.32% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
AVGO $1,950,561,233 5,163,630 1.95%
DIS $1,326,392,375 13,780,700 1.33%
RCL $826,610,608 2,603,252 0.83%
MKC $408,793,007 8,107,755 0.41%

Top movers (QoQ)

Security Action Shares Δ Value Δ
NVDA Bought more +15.4M +$3.3B
TSM Trimmed -1.9M +$3.0B
AMAT Trimmed -81K +$2.3B
STX Trimmed -9.4M -$1.7B
GOOG Trimmed -1.3M +$1.5B
MSFT Bought more +3.7M +$1.4B
UNH Trimmed -66K +$837.7M
HCA Trimmed -129K -$796.8M
AMZN Trimmed -466K +$785.6M
DAL Trimmed -338K +$769.3M

1 position 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
ACN June 30, 2026 11,197,806 $2,220,412,952 48.7%
BABA Dec. 31, 2025 3,607,811 $644,824,060 -14.5%
HAL Dec. 31, 2025 26,004,682 $639,715,177 27.4%
HUM June 30, 2025 1,191,951 $315,390,235 56.6%
SLB Dec. 31, 2025 7,590,519 $260,886,138 41.0%
FISV March 31, 2026 2,292,304 $153,974,060 -8.0%
SU Sept. 30, 2025 3,993,467 $149,555,339 63.3%
C Dec. 31, 2025 943,584 $95,773,776 13.1%
APTV Sept. 30, 2025 835,962 $57,029,328 -44.3%
WFC June 30, 2025 152,720 $10,963,769 6.4%
ULXXXX Dec. 31, 2025 115,530 $6,848,618 No longer tracked