Brandywine Global Investment Management, LLC
13F Reported Value
ⓘ$14.9B
Holdings
601
Latest Filing
2025-12-31
Filing Quarter
Q4 2025
Portfolio Overview
Brandywine Global Investment Management, LLC disclosed 601 positions worth $14.9B in its Form 13F-HR for Q4 2025, led by $JPM (JPMORGAN CHASE & CO) at 3.0% of the equity portfolio, followed by $JNJ and $BAC. During the quarter the fund opened 68 new positions and exited 66 — including a new stake in $SW and a full exit from $ABBV. The portfolio is most concentrated in Financials (24.4% of disclosed assets). All figures are sourced directly from Brandywine Global Investment Management, LLC’s Form 13F-HR filing with the SEC under CIK 829108.
AI Fund Analysis
StableSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q4 2025
Click any card to unlockTop Holdings
- 70.7#210
Quality
$443.0M1,374,890 sh - 69.0#285
Quality
$403.8M1,951,088 sh - 67.6#349
Quality
$328.5M5,972,520 sh - 61.8
Quality
$319.0M3,422,909 sh - 65.0
Quality
$314.7M2,696,496 sh - 65.7
Quality
$303.8M12,229,088 sh - 57.9
Quality
$241.8M2,009,194 sh - 73.5
Quality
$226.4M257,578 sh - 78.2
Quality
$220.5M704,629 sh - 59.4
Quality
$216.1M2,723,074 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 JPMORGAN CHASE & CO$JPM | 70.7#210 | $443.0M | 1,374,890 |
 JOHNSON & JOHNSON$JNJ | 69.0#285 | $403.8M | 1,951,088 |
 BANK OF AMERICA CORP /DE/$BAC | 67.6#349 | $328.5M | 5,972,520 |
 WELLS FARGO & COMPANY/MN$WFC | 61.8 | $319.0M | 3,422,909 |
 CITIGROUP INC$C | 65.0 | $314.7M | 2,696,496 |
 AT&T INC.$T | 65.7 | $303.8M | 12,229,088 |
 EXXON MOBIL CORP$XOM.R34088 | 57.9 | $241.8M | 2,009,194 |
 GOLDMAN SACHS GROUP INC$GS | 73.5 | $226.4M | 257,578 |
 Alphabet Inc.$GOOG | 78.2 | $220.5M | 704,629 |
 CVS HEALTH Corp$CVS | 59.4 | $216.1M | 2,723,074 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Brandywine Global Investment Management, LLC's 601 positions.
Showing top 10 of 601 holdings.
Sector Allocation
Financials
$3.6B
Healthcare
$2.1B
Industrials
$2.1B
Technology
$1.2B
Communication Services
$1.2B
Energy
$1.1B
Consumer Staples
$1.0B
Consumer Discretionary
$920.9M
Top Holdings — Brandywine Global Investment Management, LLC (Q4 2025)
Top 150 of 601 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $JPM | JPMORGAN CHASE & CO | $443.0M | 3.0% | -5% | 70.7 |
| 2 | $JNJ | JOHNSON & JOHNSON | $403.8M | 2.7% | -0% | 69 |
| 3 | $BAC | BANK OF AMERICA CORP /DE/ | $328.5M | 2.2% | -2% | 67.6 |
| 4 | $WFC | WELLS FARGO & COMPANY/MN | $319.0M | 2.1% | -1% | 61.8 |
| 5 | $C | CITIGROUP INC | $314.7M | 2.1% | -3% | 65 |
| 6 | $T | AT&T INC. | $303.8M | 2.0% | +4% | 65.7 |
| 7 | $XOM.R34088 | EXXON MOBIL CORP | $241.8M | 1.6% | +21% | 57.9 |
| 8 | $GS | GOLDMAN SACHS GROUP INC | $226.4M | 1.5% | +49% | 73.5 |
| 9 | $GOOG | Alphabet Inc. | $220.5M | 1.5% | -2% | 78.2 |
| 10 | $CVS | CVS HEALTH Corp | $216.1M | 1.4% | -13% | 59.4 |
| 11 |  $KR | KROGER CO | $209.8M | 1.4% | +10% | 52.6 |
| 12 |  $CCZ | COMCAST CORP | $208.5M | 1.4% | -17% | 59.5 |
| 13 |  $PEP | PEPSICO INC | $199.8M | 1.3% | +42% | 63.4 |
| 14 |  $DIS | Walt Disney Co | $195.3M | 1.3% | +2% | 60.1 |
| 15 |  $VZ | VERIZON COMMUNICATIONS INC | $175.5M | 1.2% | +4% | 65.8 |
| 16 |  $DG | DOLLAR GENERAL CORP | $166.5M | 1.1% | -13% | 59.5 |
| 17 |  $FDX | FEDEX CORP | $159.8M | 1.1% | +69% | 60.3 |
| 18 |  $MS | MORGAN STANLEY | $155.7M | 1.0% | -2% | 75.8 |
| 19 |  $MDT | Medtronic plc | $152.2M | 1.0% | +4% | 68.7 |
| 20 |  $GPN | GLOBAL PAYMENTS INC | $146.2M | 1.0% | +14% | 47 |
| 21 |  $AMGN | AMGEN INC | $140.0M | 0.9% | +16% | 79.2 |
| 22 |  $QCOM | QUALCOMM INC/DE | $129.4M | 0.9% | -2% | 70.5 |
| 23 |  $DAL | DELTA AIR LINES, INC. | $127.6M | 0.9% | -6% | 57.5 |
| 24 |  $AER | AerCap Holdings N.V. | $125.5M | 0.8% | -25% | — |
| 25 |  $MTB | M&T BANK CORP | $117.7M | 0.8% | +24% | 58.6 |
| 26 |  $GM | General Motors Co | $114.9M | 0.8% | -51% | 54.3 |
| 27 |  $CRM | Salesforce, Inc. | $110.0M | 0.7% | +14% | 77 |
| 28 |  $LMT | LOCKHEED MARTIN CORP | $108.9M | 0.7% | -1% | 65.6 |
| 29 |  $IBM | INTERNATIONAL BUSINESS MACHINES CORP | $107.9M | 0.7% | -5% | 70 |
| 30 |  $WTW | WILLIS TOWERS WATSON PLC | $107.9M | 0.7% | +13% | — |
| 31 |  $GILD | GILEAD SCIENCES, INC. | $105.7M | 0.7% | +23% | 57.4 |
| 32 |  $LOW | LOWES COMPANIES INC | $100.7M | 0.7% | -2% | 60.8 |
| 33 |  $ON | ON SEMICONDUCTOR CORP | $100.0M | 0.7% | +17% | 55 |
| 34 |  $MRK | Merck & Co., Inc. | $95.3M | 0.6% | +943% | 59.9 |
| 35 |  $EOG | EOG RESOURCES INC | $93.7M | 0.6% | +4% | 71.9 |
| 36 |  $KMB | KIMBERLY CLARK CORP | $93.0M | 0.6% | +122% | 58.7 |
| 37 |  $ADBE | ADOBE INC. | $92.0M | 0.6% | +21% | 77.6 |
| 38 |  $TMUS | T-Mobile US, Inc. | $89.4M | 0.6% | +2% | 69.1 |
| 39 |  $HCA | HCA Healthcare, Inc. | $89.4M | 0.6% | -2% | 68.9 |
| 40 |  $UNP | UNION PACIFIC CORP | $88.9M | 0.6% | +39% | 69.7 |
| 41 |  $HON | HONEYWELL INTERNATIONAL INC | $88.3M | 0.6% | +23% | 65 |
| 42 |  $CI | Cigna Group | $83.0M | 0.6% | +61% | 66.2 |
| 43 |  $MET | METLIFE INC | $82.6M | 0.6% | +3% | 56.2 |
| 44 |  $ECHO | EchoStar CORP | $80.9M | 0.5% | +20% | 32.8 |
| 45 |  $HUM | HUMANA INC | $80.4M | 0.5% | +32% | 58.9 |
| 46 |  $ANF | ABERCROMBIE & FITCH CO /DE/ | $80.3M | 0.5% | -16% | 66.2 |
| 47 |  $CNQ | CANADIAN NATURAL RESOURCES Ltd | $77.4M | 0.5% | -1% | — |
| 48 |  $SRE | SEMPRA | $76.8M | 0.5% | -0% | 41.9 |
| 49 |  $EBAY | EBAY INC | $75.5M | 0.5% | -1% | 66.4 |
| 50 |  $CB | Chubb Ltd | $72.3M | 0.5% | -2% | — |
| 51 |  $ICLR | ICON PLC | $71.7M | 0.5% | +6% | — |
| 52 |  $NEM | NEWMONT Corp /DE/ | $71.2M | 0.5% | -2% | 86.8 |
| 53 |  $PFE | PFIZER INC | $71.2M | 0.5% | +78% | 62 |
| 54 |  $PG | PROCTER & GAMBLE Co | $69.0M | 0.5% | +99% | 64.6 |
| 55 |  $VTRS | Viatris Inc | $67.5M | 0.5% | +22% | 45.4 |
| 56 |  $MO | ALTRIA GROUP, INC. | $67.2M | 0.5% | -1% | 67.4 |
| 57 |  $ADM | Archer-Daniels-Midland Co | $66.8M | 0.5% | -1% | 50.7 |
| 58 |  $XEL | XCEL ENERGY INC | $66.7M | 0.5% | -1% | 56.4 |
| 59 |  $PYPL | PayPal Holdings, Inc. | $65.3M | 0.4% | +1% | 64.1 |
| 60 |  $COP | CONOCOPHILLIPS | $64.9M | 0.4% | -0% | 70.2 |
| 61 |  $ALL | ALLSTATE CORP | $63.8M | 0.4% | +21% | 78.5 |
| 62 |  $EIX | EDISON INTERNATIONAL | $62.7M | 0.4% | -1% | 61.2 |
| 63 |  $CSCO | CISCO SYSTEMS, INC. | $62.4M | 0.4% | -63% | 70.3 |
| 64 |  $NLY | ANNALY CAPITAL MANAGEMENT INC | $62.0M | 0.4% | -14% | — |
| 65 |  $RPRX | Royalty Pharma plc | $61.0M | 0.4% | +4% | — |
| 66 |  $SYY | SYSCO CORP | $59.9M | 0.4% | +2% | 54.7 |
| 67 |  $FE | FIRSTENERGY CORP | $59.5M | 0.4% | +2% | 61.5 |
| 68 |  $MMM | 3M CO | $58.8M | 0.4% | -2% | 64.9 |
| 69 |  $TRV | TRAVELERS COMPANIES, INC. | $58.3M | 0.4% | -2% | 75.9 |
| 70 |  $SNY | Sanofi | $58.2M | 0.4% | -0% | — |
| 71 |  $CABO | Cable One, Inc. | $57.4M | 0.4% | +0% | 32.2 |
| 72 |  $SHEL | Shell plc | $57.4M | 0.4% | -3% | — |
| 73 |  $PGR | PROGRESSIVE CORP/OH/ | $57.1M | 0.4% | -2% | 80.1 |
| 74 |  $DHI | HORTON D R INC /DE/ | $56.4M | 0.4% | +28% | 53.6 |
| 75 |  $BMRN | BIOMARIN PHARMACEUTICAL INC | $56.2M | 0.4% | +4% | 58.2 |
| 76 |  $HST | HOST HOTELS & RESORTS, INC. | $56.1M | 0.4% | -1% | 67.3 |
| 77 |  $ES | EVERSOURCE ENERGY | $55.8M | 0.4% | +5% | 66.1 |
| 78 |  $VNT | Vontier Corp | $55.6M | 0.4% | +8% | 56.8 |
| 79 |  $DOC | HEALTHPEAK PROPERTIES, INC. | $55.4M | 0.4% | +2% | 63.9 |
| 80 |  $GSK | GSK plc | $54.7M | 0.4% | -2% | — |
| 81 |  $RRX | REGAL REXNORD CORP | $54.4M | 0.4% | -1% | 52 |
| 82 |  $SW | Smurfit Westrock plc | $53.7M | 0.4% | NEW | — |
| 83 |  $GD | GENERAL DYNAMICS CORP | $53.6M | 0.4% | -2% | 68.7 |
| 84 |  $MGA | MAGNA INTERNATIONAL INC | $52.4M | 0.3% | -1% | — |
| 85 |  $AIG | AMERICAN INTERNATIONAL GROUP, INC. | $52.3M | 0.3% | +36% | 54.9 |
| 86 | — | ISHARES TR | $51.0M | 0.3% | +21% | — |
| 87 |  $MIDD | MIDDLEBY Corp | $50.2M | 0.3% | +804% | 40.6 |
| 88 |  $BIDU | Baidu, Inc. | $50.2M | 0.3% | +1% | 27 |
| 89 |  $DUK | Duke Energy CORP | $50.0M | 0.3% | -2% | 56.4 |
| 90 |  $HIG | HARTFORD INSURANCE GROUP, INC. | $48.4M | 0.3% | +26% | 71.6 |
| 91 |  $CAG | CONAGRA BRANDS INC. | $47.3M | 0.3% | +0% | 38.9 |
| 92 |  $CE | Celanese Corp | $47.3M | 0.3% | -0% | 42.6 |
| 93 |  $DEO | DIAGEO PLC | $46.8M | 0.3% | NEW | — |
| 94 |  $EL | ESTEE LAUDER COMPANIES INC | $46.0M | 0.3% | -1% | 51.2 |
| 95 |  $CNH | CNH Industrial N.V. | $45.7M | 0.3% | +186% | — |
| 96 |  $BNY | Bank of New York Mellon Corp | $45.6M | 0.3% | -2% | 74.1 |
| 97 |  $COR | Cencora, Inc. | $45.2M | 0.3% | -2% | 61.1 |
| 98 |  $TSN | TYSON FOODS, INC. | $44.4M | 0.3% | -1% | 57.8 |
| 99 |  $SYF | Synchrony Financial | $43.7M | 0.3% | +15% | 64 |
| 100 |  $CSX | CSX CORP | $43.6M | 0.3% | -27% | 65.2 |
| 101 |  $NRG | NRG ENERGY, INC. | $42.7M | 0.3% | -27% | 51.9 |
| 102 |  $KMI | KINDER MORGAN, INC. | $42.7M | 0.3% | -1% | 71.3 |
| 103 |  $HHH | Howard Hughes Holdings Inc. | $41.9M | 0.3% | -1% | 70.9 |
| 104 |  $MDLZ | Mondelez International, Inc. | $41.4M | 0.3% | -2% | 56.4 |
| 105 |  $BP | BP PLC | $41.2M | 0.3% | -1% | — |
| 106 |  $DVN | DEVON ENERGY CORP/DE | $40.7M | 0.3% | +64% | 74.8 |
| 107 |  $CMI | CUMMINS INC | $40.7M | 0.3% | -2% | 58.1 |
| 108 |  $PCAR | PACCAR INC | $40.0M | 0.3% | -1% | 56.5 |
| 109 |  $PNC | PNC FINANCIAL SERVICES GROUP, INC. | $39.9M | 0.3% | -2% | 73.7 |
| 110 |  $SLB | SLB LIMITED/NV | $37.4M | 0.3% | -21% | 57.9 |
| 111 |  $JBL | JABIL INC | $37.2M | 0.3% | -1% | 57.4 |
| 112 |  $PSX | Phillips 66 | $36.2M | 0.2% | -2% | 57.8 |
| 113 |  $NVR | NVR INC | $36.1M | 0.2% | +2% | 56.3 |
| 114 |  $F | FORD MOTOR CO | $36.0M | 0.2% | -1% | 54.9 |
| 115 |  $VLO | VALERO ENERGY CORP/TX | $36.0M | 0.2% | -2% | 57.8 |
| 116 |  $URI | UNITED RENTALS, INC. | $35.7M | 0.2% | +4% | 63.9 |
| 117 |  $WMB | WILLIAMS COMPANIES, INC. | $35.7M | 0.2% | -1% | 64.3 |
| 118 |  $PPG | PPG INDUSTRIES INC | $34.9M | 0.2% | +8% | 59.1 |
| 119 |  $AFL | AFLAC INC | $34.9M | 0.2% | -2% | 61.3 |
| 120 |  $NTRS | NORTHERN TRUST CORP | $33.6M | 0.2% | +23% | 65.2 |
| 121 |  $CTVA | Corteva, Inc. | $31.8M | 0.2% | -2% | 47.2 |
| 122 |  $GMAB | GENMAB A/S | $31.8M | 0.2% | -27% | 77.9 |
| 123 |  $LDOS | Leidos Holdings, Inc. | $31.8M | 0.2% | -1% | 65.4 |
| 124 |  $ITW | ILLINOIS TOOL WORKS INC | $31.0M | 0.2% | NEW | 63.6 |
| 125 |  $FANG | Diamondback Energy, Inc. | $30.2M | 0.2% | NEW | 76.1 |
| 126 |  $DRI | DARDEN RESTAURANTS INC | $29.7M | 0.2% | +68% | 64.1 |
| 127 |  $DELL | Dell Technologies Inc. | $29.6M | 0.2% | -1% | 71.2 |
| 128 |  $USB | US BANCORP \DE\ | $29.5M | 0.2% | -2% | 65.3 |
| 129 |  $LNG | Cheniere Energy, Inc. | $29.1M | 0.2% | NEW | 66.5 |
| 130 |  $BKR | Baker Hughes Co | $28.9M | 0.2% | -2% | 60.7 |
| 131 |  $BMY | BRISTOL MYERS SQUIBB CO | $28.5M | 0.2% | +11% | 70.4 |
| 132 |  $CTSH | COGNIZANT TECHNOLOGY SOLUTIONS CORP | $28.2M | 0.2% | -2% | 64.1 |
| 133 |  $PEG | PUBLIC SERVICE ENTERPRISE GROUP INC | $27.8M | 0.2% | +13% | 60.9 |
| 134 |  $CSL | CARLISLE COMPANIES INC | $27.6M | 0.2% | +49% | 59.4 |
| 135 |  $WHR | WHIRLPOOL CORP /DE/ | $27.5M | 0.2% | -20% | 42.8 |
| 136 |  $AMP | AMERIPRISE FINANCIAL INC | $27.2M | 0.2% | -2% | 68.7 |
| 137 |  $DLTR | DOLLAR TREE, INC. | $27.2M | 0.2% | +75% | 68 |
| 138 |  $CF | CF Industries Holdings, Inc. | $27.1M | 0.2% | -1% | 77.4 |
| 139 |  $LVS | LAS VEGAS SANDS CORP | $26.5M | 0.2% | -1% | 70.7 |
| 140 |  $KDP | Keurig Dr Pepper Inc. | $26.2M | 0.2% | -2% | 64.6 |
| 141 |  $NUE | NUCOR CORP | $26.0M | 0.2% | -2% | 61.7 |
| 142 |  $ORI | OLD REPUBLIC INTERNATIONAL CORP | $25.4M | 0.2% | -1% | 71.1 |
| 143 |  $UAL | United Airlines Holdings, Inc. | $25.4M | 0.2% | -1% | 60.8 |
| 144 |  $THC | TENET HEALTHCARE CORP | $25.1M | 0.2% | +20% | 66.2 |
| 145 |  $OI | O-I Glass, Inc. /DE/ | $25.1M | 0.2% | NEW | 33.5 |
| 146 |  $SO | SOUTHERN CO | $23.9M | 0.2% | -2% | 62 |
| 147 | $GPN | GLOBAL PAYMENTS INC | $23.8M | 0.2% | -0% | 47 |
| 148 |  $EXPE | Expedia Group, Inc. | $23.7M | 0.2% | -2% | 71.1 |
| 149 |  $FLEX | FLEX LTD. | $23.6M | 0.2% | -1% | — |
| 150 |  $TFC | TRUIST FINANCIAL CORP | $22.4M | 0.1% | -1% | 76.4 |
New Positions (68)
$SW Smurfit Westrock plc$53.7M$DEO DIAGEO PLC$46.8M$ITW ILLINOIS TOOL WORKS INC$31.0M$FANG Diamondback Energy, Inc.$30.2M$LNG Cheniere Energy, Inc.$29.1M$OI O-I Glass, Inc. /DE/$25.1M
$TPR TAPESTRY, INC.$18.2M
$REGN REGENERON PHARMACEUTICALS, INC.$17.8M
$HAL HALLIBURTON CO$16.6M
$MTH Meritage Homes CORP$10.6M
$AA Alcoa Corp$9.6M
$BTU PEABODY ENERGY CORP$8.3M
$THO THOR INDUSTRIES INC$8.1M
$PVH PVH CORP. /DE/$7.4M
$HPQ HP INC$6.9MExited Positions (66)
$ABBV AbbVie Inc.
$DE DEERE & CO
$NSC NORFOLK SOUTHERN CORP
$APO Apollo Global Management, Inc.
$OGN Organon & Co.
$MGM MGM Resorts International
$AMAT APPLIED MATERIALS INC /DE
$CAH CARDINAL HEALTH INC
$SDA SunCar Technology Group Inc.
$TRGP Targa Resources Corp.
$CLF CLEVELAND-CLIFFS INC.
$KVUE Kenvue Inc.
$CG Carlyle Group Inc.Browse Top Institutional Investors
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