Brandywine Global Investment Management, LLC — 13F Holdings & Portfolio
CIK 829108 · latest 13F-HR filed 2026-02-11
Brandywine Global Investment Management, LLC manages $14.91B in 13F-reported U.S. long-equity assets across 601 reported positions as of its 2025-12-31 13F-HR filing. Its largest disclosed positions are JPM (2.97%), JNJ (2.71%), BAC (2.20%). Quarter over quarter (versus its 2025-09-30 filing) the fund opened 70 new positions, exited 67, added to 228, and trimmed 147.
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.
$14.91B
Long-equity book
601
Distinct positions
2025-12-31
Filed 2026-02-11
+70 / −67 / ↑228 / ↓147
vs 2025-09-30
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- GOLDMAN SACHS GROUP INC$88.8M +64.5%
- MERCK & CO INC$88.1M +1208.5%
- FEDEX CORP$82.6M +107.0%
- PEPSICO INC$62.5M +45.5%
- EXXON MOBIL CORP$55.2M +29.6%
Top Trims
- CISCO SYS INC-$88.2M -58.5%
- FMC CORP-$76.1M -99.2%
- GENERAL MTRS CO-$61.6M -34.9%
- COMCAST CORP NEW-$55.5M -21.0%
- MICRON TECHNOLOGY INC-$53.1M -99.2%
New Positions
- SMURFIT WESTROCK PLC$53.7M
- DIAGEO PLC$46.8M
- ILLINOIS TOOL WKS INC$31.0M
- DIAMONDBACK ENERGY INC$30.2M
- CHENIERE ENERGY INC$29.1M
Exited Positions
- ABBVIE INC$115.0M
- DEERE & CO$99.1M
- CRH PLC$53.3M
- NORFOLK SOUTHN CORP$41.0M
- APOLLO GLOBAL MGMT INC$36.9M
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 | JPMORGAN CHASE & CO. | JPM | 46625H100 | $443.0M | 2.97% | 1,374,890 | SH |
| 2 | JOHNSON & JOHNSON | JNJ | 478160104 | $403.8M | 2.71% | 1,951,088 | SH |
| 3 | BANK AMERICA CORP | BAC | 060505104 | $328.5M | 2.20% | 5,972,520 | SH |
| 4 | WELLS FARGO CO NEW | WFC | 949746101 | $319.0M | 2.14% | 3,422,909 | SH |
| 5 | CITIGROUP INC | C | 172967424 | $314.7M | 2.11% | 2,696,496 | SH |
| 6 | AT&T INC | T | 00206R102 | $303.8M | 2.04% | 12,229,088 | SH |
| 7 | EXXON MOBIL CORP | XOM | 30231G102 | $241.8M | 1.62% | 2,009,194 | SH |
| 8 | GOLDMAN SACHS GROUP INC | GS | 38141G104 | $226.4M | 1.52% | 257,578 | SH |
| 9 | ALPHABET INC | GOOGL | 02079K305 | $220.5M | 1.48% | 704,629 | SH |
| 10 | CVS HEALTH CORP | CVS | 126650100 | $216.1M | 1.45% | 2,723,074 | SH |
| 11 | KROGER CO | KR | 501044101 | $209.8M | 1.41% | 3,357,243 | SH |
| 12 | COMCAST CORP NEW | CMCSA | 20030N101 | $208.5M | 1.40% | 6,975,368 | SH |
| 13 | PEPSICO INC | PEP | 713448108 | $199.8M | 1.34% | 1,391,861 | SH |
| 14 | DISNEY WALT CO | DIS | 254687106 | $195.3M | 1.31% | 1,717,034 | SH |
| 15 | VERIZON COMMUNICATIONS INC | VZ | 92343V104 | $175.5M | 1.18% | 4,309,428 | SH |
| 16 | DOLLAR GEN CORP NEW | DG | 256677105 | $166.5M | 1.12% | 1,254,014 | SH |
| 17 | FEDEX CORP | FDX | 31428X106 | $159.8M | 1.07% | 553,129 | SH |
| 18 | MORGAN STANLEY | MS | 617446448 | $155.7M | 1.04% | 877,171 | SH |
| 19 | MEDTRONIC PLC | MDT | G5960L103 | $152.2M | 1.02% | 1,584,743 | SH |
| 20 | GLOBAL PMTS INC | GPN | 37940X102 | $146.2M | 0.98% | 1,888,747 | SH |
| 21 | AMGEN INC | AMGN | 031162100 | $140.0M | 0.94% | 427,722 | SH |
| 22 | QUALCOMM INC | QCOM | 747525103 | $129.4M | 0.87% | 756,299 | SH |
| 23 | DELTA AIR LINES INC DEL | DAL | 247361702 | $127.6M | 0.86% | 1,838,051 | SH |
| 24 | AERCAP HOLDINGS NV | AER | N00985106 | $125.5M | 0.84% | 873,309 | SH |
| 25 | M & T BK CORP | MTB | 55261F104 | $117.7M | 0.79% | 584,386 | SH |
| 26 | GENERAL MTRS CO | GM | 37045V100 | $114.9M | 0.77% | 1,412,993 | SH |
| 27 | SALESFORCE INC | CRM | 79466L302 | $110.0M | 0.74% | 415,202 | SH |
| 28 | LOCKHEED MARTIN CORP | LMT | 539830109 | $108.9M | 0.73% | 225,122 | SH |
| 29 | INTERNATIONAL BUSINESS MACHS | IBM | 459200101 | $107.9M | 0.72% | 364,334 | SH |
| 30 | WILLIS TOWERS WATSON PLC LTD | WTW | G96629103 | $107.9M | 0.72% | 328,291 | SH |
| 31 | GILEAD SCIENCES INC | GILD | 375558103 | $105.7M | 0.71% | 861,496 | SH |
| 32 | LOWES COS INC | LOW | 548661107 | $100.7M | 0.68% | 417,673 | SH |
| 33 | ON SEMICONDUCTOR CORP | ON | 682189105 | $100.0M | 0.67% | 1,847,377 | SH |
| 34 | MERCK & CO INC | MRK | 58933Y105 | $95.3M | 0.64% | 905,795 | SH |
| 35 | EOG RES INC | EOG | 26875P101 | $93.7M | 0.63% | 892,095 | SH |
| 36 | KIMBERLY-CLARK CORP | KMB | 494368103 | $93.0M | 0.62% | 922,106 | SH |
| 37 | ADOBE INC | ADBE | 00724F101 | $92.0M | 0.62% | 262,757 | SH |
| 38 | T-MOBILE US INC | TMUS | 872590104 | $89.4M | 0.60% | 440,280 | SH |
| 39 | HCA HEALTHCARE INC | HCA | 40412C101 | $89.4M | 0.60% | 191,451 | SH |
| 40 | UNION PAC CORP | UNP | 907818108 | $88.9M | 0.60% | 384,313 | SH |
| 41 | HONEYWELL INTL INC | HON | 438516106 | $88.3M | 0.59% | 452,541 | SH |
| 42 | THE CIGNA GROUP | CI | 125523100 | $83.0M | 0.56% | 301,723 | SH |
| 43 | METLIFE INC | MET | 59156R108 | $82.6M | 0.55% | 1,046,639 | SH |
| 44 | ECHOSTAR CORP | — | 278768AB2 | $80.9M | 0.54% | 24,218,011 | PRN |
| 45 | HUMANA INC | HUM | 444859102 | $80.4M | 0.54% | 313,859 | SH |
| 46 | ABERCROMBIE & FITCH CO | ANF | 002896207 | $80.3M | 0.54% | 637,848 | SH |
| 47 | CANADIAN NAT RES LTD | CNQ | 136385101 | $77.4M | 0.52% | 2,285,276 | SH |
| 48 | SEMPRA | SRE | 816851109 | $76.8M | 0.51% | 869,717 | SH |
| 49 | EBAY INC. | EBAY | 278642103 | $75.5M | 0.51% | 866,383 | SH |
| 50 | CHUBB LIMITED | CB | H1467J104 | $72.3M | 0.49% | 231,747 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2025-12-31 | 2026-02-11 | $14.91B | 601 | 0000829108-26-000001 |
| 2025-09-30 | 2025-11-13 | $14.58B | 598 | 0000829108-25-000008 |