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Brandywine Global Investment Management, LLC
Period ended Dec 31, 2025 · Latest filing Feb 11, 2026
These quarterly holdings are delayed and may not include all assets or short positions.
Values are from the reporting date, not current prices or purchase costs.
The same security may appear in multiple rows.
Source: SEC
Reported portfolio value
Quarter-end reported holdings; not current value or investment performance.
View reported values
- Dec 31, 2025: $14,911,914,746
More quarters will appear as history becomes available.
Top holdings
Top 10 at Dec 31, 2025. Matching entries are combined; security classes and options remain separate. Shares exclude principal amounts; option shares reflect the reported underlying amount.
View top holdings values
- JPMORGAN CHASE & CO. · COM · 46625H100 · shares: $443,017,056
- JOHNSON & JOHNSON · COM · 478160104 · shares: $403,777,662
- BANK AMERICA CORP · COM · 060505104 · shares: $328,488,600
- WELLS FARGO CO NEW · COM · 949746101 · shares: $319,015,119
- CITIGROUP INC · COM NEW · 172967424 · shares: $314,654,118
- AT&T INC · COM · 00206R102 · shares: $303,770,546
- EXXON MOBIL CORP · COM · 30231G102 · shares: $241,786,406
- GOLDMAN SACHS GROUP INC · COM · 38141G104 · shares: $226,411,062
- ALPHABET INC · CAP STK CL A · 02079K305 · shares: $220,548,877
- CVS HEALTH CORP · COM · 126650100 · shares: $216,103,153
Reported holdings
601 reported entries| Issuer | Class | CUSIP | Type | Shares / principal | Reported value (USD) |
|---|---|---|---|---|---|
| JPMORGAN CHASE & CO. | COM | 46625H100 | — | 1,374,890 shares | $443,017,056 |
| JOHNSON & JOHNSON | COM | 478160104 | — | 1,951,088 shares | $403,777,662 |
| BANK AMERICA CORP | COM | 060505104 | — | 5,972,520 shares | $328,488,600 |
| WELLS FARGO CO NEW | COM | 949746101 | — | 3,422,909 shares | $319,015,119 |
| CITIGROUP INC | COM NEW | 172967424 | — | 2,696,496 shares | $314,654,118 |
| AT&T INC | COM | 00206R102 | — | 12,229,088 shares | $303,770,546 |
| EXXON MOBIL CORP | COM | 30231G102 | — | 2,009,194 shares | $241,786,406 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | — | 257,578 shares | $226,411,062 |
| ALPHABET INC | CAP STK CL A | 02079K305 | — | 704,629 shares | $220,548,877 |
| CVS HEALTH CORP | COM | 126650100 | — | 2,723,074 shares | $216,103,153 |
| KROGER CO | COM | 501044101 | — | 3,357,243 shares | $209,760,543 |
| COMCAST CORP NEW | CL A | 20030N101 | — | 6,975,368 shares | $208,493,750 |
| PEPSICO INC | COM | 713448108 | — | 1,391,861 shares | $199,759,891 |
| DISNEY WALT CO | COM | 254687106 | — | 1,717,034 shares | $195,346,958 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | — | 4,309,428 shares | $175,523,002 |
| DOLLAR GEN CORP NEW | COM | 256677105 | — | 1,254,014 shares | $166,495,439 |
| FEDEX CORP | COM | 31428X106 | — | 553,129 shares | $159,776,843 |
| MORGAN STANLEY | COM NEW | 617446448 | — | 877,171 shares | $155,724,168 |
| MEDTRONIC PLC | SHS | G5960L103 | — | 1,584,743 shares | $152,230,413 |
| GLOBAL PMTS INC | COM | 37940X102 | — | 1,888,747 shares | $146,189,018 |
| AMGEN INC | COM | 031162100 | — | 427,722 shares | $139,997,688 |
| QUALCOMM INC | COM | 747525103 | — | 756,299 shares | $129,364,944 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 | — | 1,838,051 shares | $127,560,739 |
| AERCAP HOLDINGS NV | SHS | N00985106 | — | 873,309 shares | $125,546,902 |
| M & T BK CORP | COM | 55261F104 | — | 584,386 shares | $117,742,091 |
| GENERAL MTRS CO | COM | 37045V100 | — | 1,412,993 shares | $114,904,591 |
| SALESFORCE INC | COM | 79466L302 | — | 415,202 shares | $109,991,162 |
| LOCKHEED MARTIN CORP | COM | 539830109 | — | 225,122 shares | $108,884,758 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | — | 364,334 shares | $107,919,374 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 | — | 328,291 shares | $107,876,423 |
| GILEAD SCIENCES INC | COM | 375558103 | — | 861,496 shares | $105,740,019 |
| LOWES COS INC | COM | 548661107 | — | 417,673 shares | $100,726,021 |
| ON SEMICONDUCTOR CORP | COM | 682189105 | — | 1,847,377 shares | $100,035,465 |
| MERCK & CO INC | COM | 58933Y105 | — | 905,795 shares | $95,343,982 |
| EOG RES INC | COM | 26875P101 | — | 892,095 shares | $93,678,896 |
| KIMBERLY-CLARK CORP | COM | 494368103 | — | 922,106 shares | $93,022,053 |
| ADOBE INC | COM | 00724F101 | — | 262,757 shares | $91,962,322 |
| T-MOBILE US INC | COM | 872590104 | — | 440,280 shares | $89,394,451 |
| HCA HEALTHCARE INC | COM | 40412C101 | — | 191,451 shares | $89,380,814 |
| UNION PAC CORP | COM | 907818108 | — | 384,313 shares | $88,899,283 |
| HONEYWELL INTL INC | COM | 438516106 | — | 452,541 shares | $88,286,224 |
| THE CIGNA GROUP | COM | 125523100 | — | 301,723 shares | $83,043,221 |
| METLIFE INC | COM | 59156R108 | — | 1,046,639 shares | $82,621,683 |
| ECHOSTAR CORP | NOTE 3.875%11/3 | 278768AB2 | — | 24,218,011 principal | $80,948,702 |
| HUMANA INC | COM | 444859102 | — | 313,859 shares | $80,388,706 |
| ABERCROMBIE & FITCH CO | CL A | 002896207 | — | 637,848 shares | $80,285,928 |
| CANADIAN NAT RES LTD | COM | 136385101 | — | 2,285,276 shares | $77,406,760 |
| SEMPRA | COM | 816851109 | — | 869,717 shares | $76,787,314 |
| EBAY INC. | COM | 278642103 | — | 866,383 shares | $75,461,959 |
| CHUBB LIMITED | COM | H1467J104 | — | 231,747 shares | $72,332,874 |
| ICON PLC | SHS | G4705A100 | — | 399,813 shares | $71,680,573 |
| NEWMONT CORP | COM | 651639106 | — | 713,007 shares | $71,193,749 |
| PFIZER INC | COM | 717081103 | — | 2,857,645 shares | $71,155,361 |
| PROCTER AND GAMBLE CO | COM | 742718109 | — | 481,295 shares | $68,974,386 |
| VIATRIS INC | COM | 92556V106 | — | 5,423,976 shares | $67,528,501 |
| ALTRIA GROUP INC | COM | 02209S103 | — | 1,165,851 shares | $67,222,969 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 | — | 1,161,285 shares | $66,762,275 |
| XCEL ENERGY INC | COM | 98389B100 | — | 902,437 shares | $66,653,997 |
| PAYPAL HLDGS INC | COM | 70450Y103 | — | 1,118,334 shares | $65,288,339 |
| CONOCOPHILLIPS | COM | 20825C104 | — | 693,506 shares | $64,919,097 |
| ALLSTATE CORP | COM | 020002101 | — | 306,489 shares | $63,795,685 |
| EDISON INTL | COM | 281020107 | — | 1,043,859 shares | $62,652,417 |
| CISCO SYS INC | COM | 17275R102 | — | 810,693 shares | $62,447,682 |
| ANNALY CAPITAL MANAGEMENT IN | COM NEW | 035710839 | — | 2,771,945 shares | $61,980,690 |
| ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 | — | 1,579,252 shares | $61,022,297 |
| SYSCO CORP | COM | 871829107 | — | 813,340 shares | $59,935,025 |
| FIRSTENERGY CORP | COM | 337932107 | — | 1,329,624 shares | $59,527,266 |
| 3M CO | COM | 88579Y101 | — | 367,504 shares | $58,837,390 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | — | 200,865 shares | $58,262,902 |
| SANOFI SA | SPONSORED ADR | 80105N105 | — | 1,200,571 shares | $58,179,671 |
| CABLE ONE INC | NOTE 1.125% 3/1 | 12685JAG0 | — | 70,351,000 principal | $57,427,521 |
| SHELL PLC | SPON ADS | 780259305 | — | 781,017 shares | $57,389,129 |
| PROGRESSIVE CORP | COM | 743315103 | — | 250,851 shares | $57,123,790 |
| D R HORTON INC | COM | 23331A109 | — | 391,512 shares | $56,389,473 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 | — | 945,847 shares | $56,211,687 |
| HOST HOTELS & RESORTS INC | COM | 44107P104 | — | 3,163,450 shares | $56,087,969 |
| EVERSOURCE ENERGY | COM | 30040W108 | — | 829,120 shares | $55,824,650 |
| VONTIER CORPORATION | COM | 928881101 | — | 1,495,686 shares | $55,609,605 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 | — | 3,446,910 shares | $55,426,313 |
| GSK PLC | SPONSORED ADR | 37733W204 | — | 1,116,087 shares | $54,732,906 |
| REGAL REXNORD CORPORATION | COM | 758750103 | — | 387,424 shares | $54,363,336 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 | — | 1,404,000 shares | $53,732,498 |
| GENERAL DYNAMICS CORP | COM | 369550108 | — | 159,113 shares | $53,566,983 |
| MAGNA INTL INC | COM | 559222401 | — | 982,886 shares | $52,398,263 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 | — | 611,195 shares | $52,287,732 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | — | 242,573 shares | $51,022,805 |
| MIDDLEBY CORP | COM | 596278101 | — | 337,939 shares | $50,241,391 |
| BAIDU INC | SPON ADR REP A | 056752108 | — | 384,282 shares | $50,210,286 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | — | 426,984 shares | $50,046,795 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 | — | 351,366 shares | $48,418,235 |
| CONAGRA BRANDS INC | COM | 205887102 | — | 2,734,874 shares | $47,340,669 |
| CELANESE CORP DEL | COM | 150870103 | — | 1,119,658 shares | $47,339,140 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 | — | 540,879 shares | $46,763,052 |
| LAUDER ESTEE COS INC | CL A | 518439104 | — | 439,378 shares | $46,011,664 |
| CNH INDL N V | SHS | N20944109 | — | 4,961,457 shares | $45,744,634 |
| BANK NEW YORK MELLON CORP | COM | 064058100 | — | 392,700 shares | $45,588,543 |
| CENCORA INC | COM | 03073E105 | — | 133,773 shares | $45,181,831 |
| TYSON FOODS INC | CL A | 902494103 | — | 757,626 shares | $44,412,036 |
| SYNCHRONY FINANCIAL | COM | 87165B103 | — | 523,715 shares | $43,693,542 |
| CSX CORP | COM | 126408103 | — | 1,202,015 shares | $43,573,044 |