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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) |
|---|---|---|---|---|---|
| NRG ENERGY INC | COM NEW | 629377508 | — | 268,251 shares | $42,716,289 |
| KINDER MORGAN INC DEL | COM | 49456B101 | — | 1,553,215 shares | $42,697,880 |
| HOWARD HUGHES HOLDINGS INC | COM | 44267T102 | — | 524,951 shares | $41,875,341 |
| MONDELEZ INTL INC | CL A | 609207105 | — | 768,229 shares | $41,353,767 |
| BP PLC | SPONSORED ADR | 055622104 | — | 1,186,320 shares | $41,200,894 |
| DEVON ENERGY CORP NEW | COM | 25179M103 | — | 1,111,510 shares | $40,714,611 |
| CUMMINS INC | COM | 231021106 | — | 79,643 shares | $40,653,769 |
| PACCAR INC | COM | 693718108 | — | 364,961 shares | $39,966,879 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | — | 191,289 shares | $39,927,753 |
| SLB LIMITED | COM STK | 806857108 | — | 973,671 shares | $37,369,493 |
| JABIL INC | COM | 466313103 | — | 162,984 shares | $37,163,612 |
| PHILLIPS 66 | COM | 718546104 | — | 280,896 shares | $36,246,820 |
| NVR INC | COM | 62944T105 | — | 4,945 shares | $36,062,748 |
| FORD MTR CO | COM | 345370860 | — | 2,743,392 shares | $35,993,303 |
| VALERO ENERGY CORP | COM | 91913Y100 | — | 221,002 shares | $35,976,916 |
| UNITED RENTALS INC | COM | 911363109 | — | 44,158 shares | $35,737,953 |
| WILLIAMS COS INC | COM | 969457100 | — | 594,368 shares | $35,727,460 |
| PPG INDS INC | COM | 693506107 | — | 341,007 shares | $34,939,577 |
| AFLAC INC | COM | 001055102 | — | 316,704 shares | $34,922,950 |
| NORTHERN TR CORP | COM | 665859104 | — | 246,036 shares | $33,606,057 |
| CORTEVA INC | COM | 22052L104 | — | 474,136 shares | $31,781,336 |
| GENMAB A/S | SPONSORED ADS | 372303206 | — | 1,031,464 shares | $31,769,091 |
| LEIDOS HOLDINGS INC | COM | 525327102 | — | 176,036 shares | $31,756,894 |
| ILLINOIS TOOL WKS INC | COM | 452308109 | — | 125,737 shares | $30,969,023 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 | — | 200,936 shares | $30,206,709 |
| DARDEN RESTAURANTS INC | COM | 237194105 | — | 161,426 shares | $29,705,613 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 | — | 235,270 shares | $29,615,788 |
| US BANCORP DEL | COM NEW | 902973304 | — | 552,949 shares | $29,505,359 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 | — | 149,569 shares | $29,074,718 |
| BAKER HUGHES COMPANY | CL A | 05722G100 | — | 635,252 shares | $28,929,376 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | — | 529,009 shares | $28,534,745 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 | — | 339,521 shares | $28,180,243 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 | — | 346,108 shares | $27,792,472 |
| CARLISLE COS INC | COM | 142339100 | — | 86,311 shares | $27,607,436 |
| WHIRLPOOL CORP | COM | 963320106 | — | 380,676 shares | $27,461,967 |
| AMERIPRISE FINL INC | COM | 03076C106 | — | 55,525 shares | $27,226,129 |
| DOLLAR TREE INC | COM | 256746108 | — | 221,323 shares | $27,224,942 |
| CF INDS HLDGS INC | COM | 125269100 | — | 350,077 shares | $27,074,955 |
| LAS VEGAS SANDS CORP | COM | 517834107 | — | 407,676 shares | $26,535,631 |
| KEURIG DR PEPPER INC | COM | 49271V100 | — | 935,907 shares | $26,214,755 |
| NUCOR CORP | COM | 670346105 | — | 159,673 shares | $26,044,263 |
| OLD REP INTL CORP | COM | 680223104 | — | 557,475 shares | $25,443,159 |
| UNITED AIRLS HLDGS INC | COM | 910047109 | — | 227,008 shares | $25,384,035 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 | — | 126,248 shares | $25,088,003 |
| O-I GLASS INC | COM | 67098H104 | — | 1,698,081 shares | $25,063,676 |
| SOUTHERN CO | COM | 842587107 | — | 273,908 shares | $23,884,778 |
| GLOBAL PMTS INC | NOTE 1.500% 3/0 | 37940XAU6 | — | 26,505,000 principal | $23,841,248 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 | — | 83,600 shares | $23,684,716 |
| FLEX LTD | ORD | Y2573F102 | — | 390,663 shares | $23,603,858 |
| TRUIST FINL CORP | COM | 89832Q109 | — | 455,903 shares | $22,434,987 |
| STATE STR CORP | COM | 857477103 | — | 168,774 shares | $21,773,534 |
| NEXSTAR MEDIA GROUP INC | COMMON STOCK | 65336K103 | — | 107,111 shares | $21,748,889 |
| WALMART INC | COM | 931142103 | — | 192,599 shares | $21,459,381 |
| PRICE T ROWE GROUP INC | COM | 74144T108 | — | 203,944 shares | $20,879,787 |
| STEEL DYNAMICS INC | COM | 858119100 | — | 120,300 shares | $20,384,835 |
| PRUDENTIAL FINL INC | COM | 744320102 | — | 178,605 shares | $20,160,932 |
| FIRST SOLAR INC | COM | 336433107 | — | 73,855 shares | $19,293,142 |
| RAYMOND JAMES FINL INC | COM | 754730109 | — | 118,806 shares | $19,079,056 |
| ULTA BEAUTY INC | COM | 90384S303 | — | 31,201 shares | $18,876,917 |
| AMAZON COM INC | COM | 023135106 | — | 81,195 shares | $18,741,430 |
| TRAVEL PLUS LEISURE CO | COM | 894164102 | — | 265,669 shares | $18,737,635 |
| TAPESTRY INC | COM | 876030107 | — | 142,168 shares | $18,164,805 |
| PPL CORP | COM | 69351T106 | — | 515,979 shares | $18,069,585 |
| ASBURY AUTOMOTIVE GROUP INC | COM | 043436104 | — | 77,395 shares | $17,996,659 |
| PULTE GROUP INC | COM | 745867101 | — | 153,316 shares | $17,977,834 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | — | 58,679 shares | $17,831,961 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 | — | 23,076 shares | $17,811,672 |
| DTE ENERGY CO | COM | 233331107 | — | 132,758 shares | $17,123,127 |
| ARCH CAP GROUP LTD | ORD | G0450A105 | — | 178,182 shares | $17,091,217 |
| SNAP INC | NOTE 0.500% 5/0 | 83304AAK2 | — | 19,500,000 principal | $17,077,125 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 | — | 60,640 shares | $17,049,542 |
| KRAFT HEINZ CO | COM | 500754106 | — | 701,240 shares | $17,005,070 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 | — | 26,839 shares | $16,711,572 |
| COPA HOLDINGS SA | CL A | P31076105 | — | 137,970 shares | $16,640,562 |
| HALLIBURTON CO | COM | 406216101 | — | 586,599 shares | $16,577,288 |
| EXELIXIS INC | COM | 30161Q104 | — | 376,229 shares | $16,490,117 |
| UNUM GROUP | COM | 91529Y106 | — | 211,266 shares | $16,373,115 |
| AVNET INC | COM | 053807103 | — | 339,427 shares | $16,319,650 |
| BLACK HILLS CORP | COM | 092113109 | — | 231,017 shares | $16,037,200 |
| MAGNOLIA OIL & GAS CORP | CL A | 559663109 | — | 731,423 shares | $16,010,849 |
| GROUP 1 AUTOMOTIVE INC | COM | 398905109 | — | 40,676 shares | $15,997,871 |
| AIR PRODS & CHEMS INC | COM | 009158106 | — | 63,048 shares | $15,574,117 |
| BERKLEY W R CORP | COM | 084423102 | — | 220,882 shares | $15,488,246 |
| WILLIAMS SONOMA INC | COM | 969904101 | — | 84,655 shares | $15,118,536 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 | — | 848,947 shares | $15,102,767 |
| SOUTHWEST AIRLS CO | COM | 844741108 | — | 364,408 shares | $15,060,983 |
| CINCINNATI FINL CORP | COM | 172062101 | — | 91,067 shares | $14,873,062 |
| NETAPP INC | COM | 64110D104 | — | 138,480 shares | $14,829,823 |
| PORTLAND GEN ELEC CO | COM NEW | 736508847 | — | 308,395 shares | $14,799,876 |
| SEI INVTS CO | COM | 784117103 | — | 179,610 shares | $14,731,612 |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 | — | 50,902 shares | $14,674,029 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 | — | 29,870 shares | $14,554,158 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 | — | 57,620 shares | $14,455,706 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 | — | 173,634 shares | $14,241,461 |
| AVERY DENNISON CORP | COM | 053611109 | — | 77,257 shares | $14,051,503 |
| FIRST CTZNS BANCSHARES INC D | CL A | 31946M103 | — | 6,525 shares | $14,003,825 |
| AMERICAN FINL GROUP INC OHIO | COM | 025932104 | — | 102,223 shares | $13,971,840 |
| FOX CORP | CL A COM | 35137L105 | — | 191,066 shares | $13,961,193 |
| GLOBE LIFE INC | COM | 37959E102 | — | 98,154 shares | $13,727,818 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 | — | 78,605 shares | $13,640,326 |