Sanders Capital, LLC

West Palm Beach, FL · CIK 1508097 · 13F filing filed 2026-08-10

SEC-registered investment adviser since 2009 · limited liability company

Assets managed$122.2bn
Staff26 · 16 in investment roles
Main clients (by assets)Pension plans 34%, Sovereign wealth funds 28%, Private funds 17%
Private funds3 (3 hedge) · $2.1bn gross assets
Websitesanderscapital.com
Form ADV · 2026-07-22SEC adviser record

Legal entitySANDERS CAPITAL, LLC (US)

$99.8bn reported value +18.9% vs Q1 2026

47positions

60.2%in top 10

4 new 9 added 34 reduced 1 sold out vs Q1 2026

Also in the report of:

Russell Investments Group, Ltd. – $295.4m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	26,149,064	$12.5bn12.51%	12.51%	Reduced -1.9m	-1,911,028 -6.8%
2	ALPHABET INC CAP STK CL C GOOG	GOOG	27,472,939	$9.7bn9.72%	9.72%	Reduced -1.3m	-1,260,144 -4.4%
3	AMAZON COM INC COM AMZN	AMZN	29,352,719	$7.0bn7.01%	7.01%	Reduced -466.0k	-465,956 -1.6%
4	META PLATFORMS INC CL A META	META	10,823,070	$6.1bn6.11%	6.11%	Added +258.3k	+258,271 2.4%
5	MICROSOFT CORP COM MSFT	MSFT	16,102,026	$6.0bn6.02%	6.02%	Added +3.7m	+3,708,334 29.9%
6	NVIDIA CORPORATION COM NVDA	NVDA	22,560,894	$4.5bn4.52%	4.52%	Added +15.4m	+15,435,388 216.6%
7	APPLIED MATLS INC COM AMAT	AMAT	6,094,372	$4.4bn4.41%	4.41%	Reduced -80.8k	-80,800 -1.3%
8	HCA HEALTHCARE INC COM HCA	HCA	8,828,287	$3.4bn3.45%	3.45%	Reduced -128.9k	-128,858 -1.4%
9	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	3,487,219	$3.4bn3.37%	3.37%	Reduced -9.4m	-9,409,982 -73.0%
10	APPLE INC COM AAPL	AAPL	10,528,191	$3.0bn3.05%	3.05%	Reduced -341.4k	-341,450 -3.1%
11	THE CIGNA GROUP COM CI	CI	10,144,617	$2.8bn2.80%	2.80%	Reduced -145.8k	-145,765 -1.4%
12	DELTA AIR LINES INC DEL COM NEW DAL	DAL	29,129,629	$2.7bn2.73%	2.73%	Reduced -337.5k	-337,526 -1.1%
13	BANK AMERICA CORP COM BAC	BAC	46,345,469	$2.6bn2.65%	2.65%	Added +1.2m	+1,178,310 2.6%
14	UNITEDHEALTH GROUP INC COM UNH	UNH	5,898,634	$2.5bn2.46%	2.46%	Reduced -66.1k	-66,051 -1.1%
15	ELEVANCE HEALTH INC COM ELV	ELV	5,825,024	$2.3bn2.26%	2.26%	Reduced -69.3k	-69,279 -1.2%
16	UNITED AIRLS HLDGS INC COM UAL	UAL	15,027,948	$2.0bn2.05%	2.05%	Reduced -176.6k	-176,603 -1.2%
17	BROADCOM INC COM AVGO	AVGO	5,163,630	$2.0bn1.95%	1.95%	New
18	RTX CORPORATION COM RTX	RTX	9,277,878	$1.8bn1.76%	1.76%	Reduced -129.4k	-129,400 -1.4%
19	VISA INC COM CL A V	V	4,796,303	$1.6bn1.65%	1.65%	Reduced -65.3k	-65,350 -1.3%
20	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,036,906	$1.5bn1.52%	1.52%	Reduced -886.1k	-886,102 -30.3%
21	SALESFORCE INC COM CRM	CRM	9,615,354	$1.5bn1.51%	1.51%	Added +83.1k	+83,051 0.9%
22	DISNEY WALT CO COM DIS	DIS	13,780,700	$1.3bn1.33%	1.33%	New
23	ASTRAZENECA PLC ORD AZN	AZN	6,986,830	$1.3bn1.33%	1.33%	Reduced -78.8k	-78,798 -1.1%
24	BOOKING HOLDINGS INC COM BKNG	BKNG	7,414,965	$1.3bn1.32%	1.32%	Reduced -71.9k	-71,860 -1.0%
25	GENERAL DYNAMICS CORP COM GD	GD	3,546,156	$1.3bn1.26%	1.26%	Reduced -71.1k	-71,088 -2.0%
26	JPMORGAN CHASE & CO COM JPM	JPM	3,837,596	$1.3bn1.26%	1.26%	Reduced -59.0k	-58,969 -1.5%
27	MASTERCARD INCORPORATED CL A MA	MA	2,330,359	$1.2bn1.20%	1.20%	Reduced -30.1k	-30,070 -1.3%
28	CME GROUP INC COM CME	CME	5,067,740	$1.1bn1.12%	1.12%	Added +906.5k	+906,550 21.8%
29	ULTA BEAUTY INC COM ULTA	ULTA	2,460,969	$1.1bn1.11%	1.11%	Added +552.8k	+552,830 29.0%
30	LOCKHEED MARTIN CORP COM LMT	LMT	2,093,533	$1.1bn1.07%	1.07%	Added +952.5k	+952,510 83.5%
31	PROCTER AND GAMBLE CO COM PG	PG	6,648,957	$975.0m0.98%	0.98%	Reduced -102.5k	-102,531 -1.5%
32	NORTHROP GRUMMAN CORP COM NOC	NOC	1,828,249	$931.1m0.93%	0.93%	Reduced -39.0k	-38,978 -2.1%
33	ROYAL CARIBBEAN GROUP COM RCL	RCL	2,603,252	$826.6m0.83%	0.83%	New
34	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	7,839,638	$656.6m0.66%	0.66%	Reduced -2.1m	-2,140,071 -21.4%
35	PDD HOLDINGS INC SPONSORED ADS PDD	PDD	7,936,717	$605.4m0.61%	0.61%	Reduced -155.1k	-155,084 -1.9%
36	TRIP COM GROUP LTD ADS TCOM	TCOM	10,560,564	$420.7m0.42%	0.42%	Reduced -80.2k	-80,210 -0.8%
37	MCCORMICK & CO INC COM NON VTG MKC	MKC	8,107,755	$408.8m0.41%	0.41%	New
38	HSBC HLDGS PLC SPON ADR NEW HSBC	HSBC	2,632,430	$250.3m0.25%	0.25%	Reduced -174.6k	-174,600 -6.2%
39	ABBVIE INC COM ABBV	ABBV	483,963	$121.8m0.12%	0.12%	Reduced -32.6k	-32,630 -6.3%
40	ABBOTT LABS COM ABT	ABT	1,050,405	$95.3m0.10%	0.10%	Reduced -70.8k	-70,800 -6.3%
41	TRUIST FINL CORP COM TFC	TFC	1,909,022	$95.1m0.10%	0.10%	Reduced -128.8k	-128,800 -6.3%
42	PEPSICO INC COM PEP	PEP	530,401	$71.8m0.07%	0.07%	Reduced -1.2m	-1,243,181 -70.1%
43	UNILEVER PLC SPON ADR NEW UL	UL	235,435	$14.2m0.01%	0.01%	Added +143.9k	+143,900 157.2%
44	SHINHAN FINANCIAL GROUP CO L SPN ADR RESTRD SHG	SHG	119,936	$7.6m0.01%	0.01%	Reduced -33.7k	-33,690 -21.9%
45	ING GROEP N.V. SPONSORED ADR ING	ING	112,785	$3.5m0.00%	0.00%	Reduced -3.1k	-3,100 -2.7%
46	NATWEST GROUP PLC SPONS ADR NWG	NWG	179,964	$3.2m0.00%	0.00%	Reduced -5.1k	-5,100 -2.8%
47	SYNCHRONY FINANCIAL COM SYF	SYF	2,773	$210.9k0.00%	0.00%	Reduced -16.1k	-16,094 -85.3%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ACCENTURE PLC IRELAND ACN	ACN	11,197,806	$2.2bn11.2m shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
ULTA BEAUTY INC ULTA · 13G · filed 2026-08-04	ULTA	5.7%≈ $1.1bn	new	13G	2026-08-04