Top Institutional Investors

Sanders Capital, LLC — 13F Holdings & Portfolio

CIK 1508097 · latest 13F-HR filed 2026-11-02

Backtest portfolio

Sanders Capital, LLC manages $103.18B in 13F-reported U.S. long-equity assets across 46 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are TSM (10.81%), GOOG (9.03%), MSFT (7.98%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 1 new position and exited 2; 14 existing positions rose in reported value and 14 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$103.18B

Long-equity book

Holdings
46

Distinct positions

Period
2026-09-30

Filed 2026-11-02

Q/Q Activity
+1 / −2 / ↑14 / ↓14

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
TSM10.8% · -6%GOOG9.0% · -0%MSFT8.0% · -0%META7.6% · -0%AMZN7.1% · -0%NVDA6.6% · +33%HCA3.6% · -0%AAPL3.4% · -0%STX3.1% · +0%CI2.7% · -0%AMAT2.6% · -15%BAC2.4% · -0%DAL2.3% · -0%ELV2.2% · +0%CRM2.1% · -1%UNH2.0% · -3%AVGO1.8% · -0%RTX1.7% · +0%V1.7% · -0%UAL1.6% · +0%MA1.6% · +26%LMT1.5% · +45%DIS1.4% · -0%SPY1.3% · -11%ULTA1.3% · -0%CME1.3% · -0%RCL1.2% · +86%JPM1.2% · -1%BKNG1.2% · +0%GD1.1% · +0%AZN1.1% · 0%NOC0.9% · +0%VEU0.6% · -1%PDD0.6% · +0%TCOM0.4% · +2%MKC0.4% · +0%HSBC0.2% · -30%ABBV0.1% · -4%ABT0.1% · -4%TFC0.1% · -4%PEP0.1% · -4%UL0.0% · -3%SHG0.0% · +2%ING0.0% · -6%NWG0.0% · -2%LYG0.0% · new

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

5 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 61.9%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Jul 22, 2026.

Assets Under Management
$122.18B
Discretionary
$122.18B
Employees
26
Accounts
110
Address
777 S. FLAGLER DRIVE E. TOWER
SUITE NO. 1100
WEST PALM BEACH, FL 33401-5153
Phone
(212) 291-7900
Website
Name Title / Status Ownership Type
BORGIA, MICHAEL, THOMAS ControlCHIEF FINANCIAL OFFICER, MANAGER, MEMBER
since Aug 2009
Less than 5%Individual
D'SIDOCKY, JAMES, CHRISTIAN ControlGENERAL COUNSEL, CHIEF COMPLIANCE OFFICER, MANAGER, MEMBER
since Jan 2023
Less than 5%Individual
MAHEDY, JOHN, PATRICK ControlCO-CHIEF INVESTMENT OFFICER, MEMBER, MANAGER
since Oct 2009
10–25%Individual
SANDERS, LEWIS, ALAN ControlCEO, MANAGER, MEMBER
since Aug 2009
25–50%Individual
SHABSHIS, ALEX, (NMN) ControlDIRECTOR OF QUANTITATIVE RESEARCH, MEMBER, MANAGER
since Nov 2009
Less than 5%Individual
SPENO, FRANK, DAVID ControlDIRECTOR OF MARKETING AND CLIENT SERVICE, MEMBER, MANAGER
since Jan 2010
5–10%Individual
Ownership & leadership changes · 2 filings with changes since Mar 21, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 31, 2023 filing
  • ChangedBORGIA, MICHAEL, THOMAS · ownership 5–10% → Less than 5%
  • ChangedD'SIDOCKY, JAMES, CHRISTIAN · title GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER → GENERAL COUNSEL, CHIEF COMPLIANCE OFFICER, MANAGER, MEMBER
  • ChangedSANDERS, LEWIS, ALAN · ownership 50–75% → 25–50%
  • ChangedSHABSHIS, ALEX, (NMN) · ownership 5–10% → Less than 5%
  • ChangedSPENO, FRANK, DAVID · ownership 10–25% → 5–10%
Jan 11, 2023 filing
  • No longer listedREID, JEAN, MARGO · GENERAL COUNSEL, CHIEF COMPLIANCE OFFICER, MANAGER, MEMBER · 5–10% · control person · listed since Aug 2009
  • AddedD'SIDOCKY, JAMES, CHRISTIAN · GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Mar 21, 2012 filing (earliest on record)
  • ListedBORGIA, MICHAEL, THOMAS · CHIEF FINANCIAL OFFICER, MANAGER, MEMBER · 5–10% · control person
  • ListedMAHEDY, JOHN, PATRICK · CO-CHIEF INVESTMENT OFFICER, MEMBER, MANAGER · 10–25% · control person
  • ListedREID, JEAN, MARGO · GENERAL COUNSEL, CHIEF COMPLIANCE OFFICER, MANAGER, MEMBER · 5–10% · control person
  • ListedSANDERS, LEWIS, ALAN · CEO, MANAGER, MEMBER · 50–75% · control person
  • ListedSHABSHIS, ALEX, (NMN) · DIRECTOR OF QUANTITATIVE RESEARCH, MEMBER, MANAGER · 5–10% · control person
  • ListedSPENO, FRANK, DAVID · DIRECTOR OF MARKETING AND CLIENT SERVICE, MEMBER, MANAGER · 10–25% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 14 →

Top Trims

Show all 14 →

New Positions

Show all 1 →

Exited Positions

Show all 2 →

Sanders Capital, LLC Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $11.16B 10.81% 24,455,974 SH
2 ALPHABET INC GOOG 02079K107 $9.32B 9.03% 27,347,980 SH
3 MICROSOFT CORP MSFT 594918104 $8.23B 7.98% 16,053,871 SH
4 META PLATFORMS INC META 30303M102 $7.83B 7.59% 10,798,688 SH
5 AMAZON COM INC AMZN 023135106 $7.29B 7.06% 29,251,676 SH
6 NVIDIA CORPORATION NVDA 67066G104 $6.84B 6.63% 29,948,467 SH
7 HCA HEALTHCARE INC HCA 40412C101 $3.75B 3.64% 8,791,782 SH
8 APPLE INC AAPL 037833100 $3.49B 3.38% 10,484,052 SH
9 SEAGATE TECHNOLOGY HLDNGS PL STX G7997R103 $3.22B 3.12% 3,490,299 SH
10 THE CIGNA GROUP CI 125523100 $2.74B 2.66% 10,098,076 SH
11 APPLIED MATLS INC AMAT 038222105 $2.64B 2.56% 5,162,011 SH
12 BANK OF AMER CORP BAC 060505104 $2.52B 2.44% 46,250,149 SH
13 DELTA AIR LINES INC DAL 247361702 $2.42B 2.35% 29,013,651 SH
14 ELEVANCE HEALTH INC FORMERLY ELV 036752103 $2.27B 2.20% 5,830,605 SH
15 SALESFORCE INC CRM 79466L302 $2.19B 2.12% 9,533,018 SH
16 UNITEDHEALTH GROUP INC UNH 91324P102 $2.09B 2.03% 5,706,292 SH
17 BROADCOM INC AVGO 11135F101 $1.81B 1.75% 5,154,512 SH
18 RTX CORPORATION RTX 75513E101 $1.72B 1.67% 9,285,728 SH
19 VISA INC V 92826C839 $1.72B 1.67% 4,783,872 SH
20 UNITED AIRLS HLDGS INC UAL 910047109 $1.67B 1.62% 15,090,502 SH
21 MASTERCARD INCORPORATED MA 57636Q104 $1.62B 1.57% 2,941,951 SH
22 LOCKHEED MARTIN CORP LMT 539830109 $1.54B 1.50% 3,030,638 SH
23 DISNEY WALT CO DIS 254687106 $1.44B 1.40% 13,749,399 SH
24 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $1.38B 1.34% 1,815,012 SH
25 ULTA BEAUTY INC ULTA 90384S303 $1.34B 1.30% 2,453,057 SH
26 CME GROUP INC CME 12572Q105 $1.33B 1.28% 5,058,865 SH
27 ROYAL CARIBBEAN GROUP RCL V7780T103 $1.29B 1.25% 4,835,116 SH
28 JPMORGAN CHASE & CO JPM 46625H100 $1.26B 1.22% 3,814,867 SH
29 BOOKING HOLDINGS INC BKNG 09857L108 $1.21B 1.17% 7,419,768 SH
30 GENERAL DYNAMICS CORP GD 369550108 $1.18B 1.14% 3,555,708 SH
31 ASTRAZENECA PLC AZN G0593M107 $1.13B 1.09% 6,989,827 SH
32 NORTHROP GRUMMAN CORP NOC 666807102 $885.4M 0.86% 1,831,238 SH
33 VANGUARD INTL EQUITY INDEX F VEU 922042775 $641.7M 0.62% 7,733,751 SH
34 PDD HOLDINGS INC PDD 722304102 $619.5M 0.60% 7,948,316 SH
35 TRIP COM GROUP LTD TCOM 89677Q107 $418.9M 0.41% 10,714,647 SH
36 MCCORMICK & CO INC MKC 579780206 $376.5M 0.36% 8,113,953 SH
37 HSBC HLDGS PLC HSBC 404280406 $183.1M 0.18% 1,844,107 SH
38 ABBVIE INC ABBV 00287Y109 $121.0M 0.12% 462,723 SH
39 ABBOTT LABORATORIES ABT 002824100 $99.3M 0.10% 1,004,725 SH
40 TRUIST FINL CORP TFC 89832Q109 $84.5M 0.08% 1,825,212 SH
41 PEPSICO INC PEP 713448108 $64.3M 0.06% 507,521 SH
42 UNILEVER PLC UL 904767803 $13.8M 0.01% 227,515 SH
43 SHINHAN FINANCIAL GROUP CO L SHG 824596100 $9.5M 0.01% 122,426 SH
44 ING GROEP N.V. ING 456837103 $3.8M 0.00% 106,595 SH
45 NATWEST GROUP PLC NWG 639057207 $3.2M 0.00% 175,534 SH
46 LLOYDS BANKING GROUP PLC LYG 539439109 $174.0K 0.00% 30,900 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-11-02 $103.18B 46 0001172661-26-004809
2026-06-30 2026-08-10 $99.83B 47 0001172661-26-003204
2026-03-31 2026-05-14 $83.93B 44 0001172661-26-001934
2025-12-31 2026-02-13 $86.82B 44 0001172661-26-000730
2025-09-30 2025-11-13 $81.29B 47 0001172661-25-004770
Filer Information
Address
777 S. FLAGLER DRIVE
PHILLIPS POINT EAST TOWER, SUITE 1100
WEST PALM BEACH, FL 33401
Phone
(212) 291-7900
Filing Manager
Sanders Capital, LLC
West Palm Beach, FL
Signatory
Eric Hansen
Deputy Chief Compliance Officer