Brandes Investment Partners LP: Significant Changes in Holdings for Q2 2026

According to filings available on InsiderSet, Brandes Investment Partners LP experienced substantial changes in its portfolio holdings during the quarter ending June 30, 2026. The firm managed a total portfolio value of approximately $14.1 billion at that date.

Major Purchases This Quarter

Brandes Investment Partners demonstrated significant buying activity in several stocks this period:

• CNH INDL N V (CNH), a stock with an unknown sector, saw its holdings increase by over 704% in terms of shares and likely value.
• THE CAMPBELLS COMPANY (CPB), classified under Consumer Defensive, experienced a massive jump with its share count rising by approximately 3.68 million shares.
• JBS N.V. (N4732M103), another unknown sector stock, had its position increased significantly by about 158%.
• ZOETIS INC (ZTS) was added to the portfolio with a 100% increase in shares, indicating it was likely acquired during this quarter.
• The investor also notably increased its stake in CAE INC (CAE) by roughly 15.89% and purchased shares of several other companies, including EMBRAER S.A. (ERJ), GRIFOLS S A (GRFS), and others.

Significant Reductions in Holdings

In contrast to the buying activity, Brandes Investment Partners also reduced its positions substantially:

• KENNAMETAL INC (KMT) in the Industrials sector witnessed a significant decline of about -66% in holdings.
• AMBEV SA (ABEV), categorized under Consumer Defensive, also saw its stake reduced by approximately -15.09%.
• The firm exited or significantly scaled down positions in several other companies listed as having substantial decreases:
• PRESTIGE CONSMR HEALTHCARE I (PBH) experienced a nearly 140% increase in its position, which is unusual but noted.
• MERCK & CO INC (MRK)'s stake decreased by roughly -17.01%, impacting the Healthcare sector allocation.
• Several other holdings, including PFIZER INC (PFE), HALLIBURTON CO (HAL), and others, showed notable reductions.

Overall Portfolio Activity

The portfolio contained a total of 190 holdings at the end of this period. The top five holdings accounted for approximately 12.22% of the total portfolio value, as indicated by the 'top5_weight_pct' metric.

Sector Insights

Brandes Investment Partners maintains a diversified allocation across sectors:

• The largest sector allocation is Healthcare at approximately 20.61% of the portfolio value ($3,945 million).
• Industrials follows closely with an allocation of about 18.57% ($2,619 million).
• The Technology sector holds roughly $1,364 million or 9.67%.

In summary, Brandes Investment Partners' portfolio filing for the period ending June 30, 2026, shows a dynamic mix of significant new purchases and reductions in existing positions across various sectors including Healthcare, Industrials, Consumer Defensive, Technology, and others.