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Sanders Capital, LLC

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13F filer, CIK 1508097, West Palm Beach, FL

Sanders Capital, LLC reported $81,289,910,265 across 47 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-13. Its ten largest share positions make up 61.54% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-004770

Period
2025-09-30
Reported value
$81.3B
Holdings
47
Top 10 weight
61.54%
New
2
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CMEnew+3,726,755$1.01B
SPYadded+1,146,111$764M
AMATadded+3,280,730$672M
VEUadded+5,866,945$419M
AMZNadded+1,518,620$333M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
TSMreduced-5,999,140-$1.68B
Creduced-10,831,813-$1.1B
BABAreduced-4,925,348-$880M
AAPLreduced-2,010,840-$512M
METAreduced-670,770-$493M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001172661-25-004770, largest first. % of portfolio is the value over $81,289,910,265, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,646,147 shares; 2024Q4: 41,877,457 shares; 2025Q1: 41,523,782 shares; 2025Q2: 38,279,544 shares; 2025Q3: 32,280,404 shares 32,280,404$9.02B11.09%-5,999,140Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,257,164 shares; 2024Q4: 33,504,543 shares; 2025Q1: 33,239,953 shares; 2025Q2: 35,357,943 shares; 2025Q3: 33,666,706 shares 33,666,706$8.2B10.09%-1,691,237Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,850,907 shares; 2024Q4: 12,086,958 shares; 2025Q1: 11,967,872 shares; 2025Q2: 10,165,589 shares; 2025Q3: 9,494,819 shares 9,494,819$6.97B8.58%-670,770Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,166,964 shares; 2024Q4: 13,322,075 shares; 2025Q1: 13,222,215 shares; 2025Q2: 12,767,575 shares; 2025Q3: 12,284,995 shares 12,284,995$6.36B7.83%-482,580Timeline
HCAHCA HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,538,737 shares; 2024Q4: 11,655,563 shares; 2025Q1: 11,565,147 shares; 2025Q2: 11,102,583 shares; 2025Q3: 10,675,663 shares 10,675,663$4.55B5.6%-426,920Timeline
STXSEAGATE TECHNOLOGY HLDNGS PLQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,367,591 shares; 2024Q4: 16,530,152 shares; 2025Q1: 18,315,348 shares; 2025Q2: 18,082,306 shares; 2025Q3: 17,541,266 shares 17,541,266$4.14B5.09%-541,040Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,929,921 shares; 2024Q4: 12,803,166 shares; 2025Q1: 13,759,910 shares; 2025Q2: 13,414,004 shares; 2025Q3: 14,932,624 shares 14,932,624$3.28B4.03%+1,518,620Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,396,954 shares; 2024Q4: 17,547,392 shares; 2025Q1: 14,342,174 shares; 2025Q2: 12,974,887 shares; 2025Q3: 10,964,047 shares 10,964,047$2.79B3.43%-2,010,840Timeline
ACNACCENTURE PLC IRELANDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 8,824,786 shares; 2025Q3: 9,615,366 shares 9,615,366$2.37B2.92%+790,580Timeline
BACBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,341,213 shares; 2024Q4: 22,516,155 shares; 2025Q1: 48,850,690 shares; 2025Q2: 47,162,420 shares; 2025Q3: 45,372,160 shares 45,372,160$2.34B2.88%-1,790,260Timeline
CITHE CIGNA GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,900,539 shares; 2024Q4: 8,054,959 shares; 2025Q1: 7,989,436 shares; 2025Q2: 7,793,018 shares; 2025Q3: 7,828,168 shares 7,828,168$2.26B2.78%+35,150Timeline
AMATAPPLIED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,698,260 shares; 2025Q3: 10,978,990 shares 10,978,990$2.25B2.77%+3,280,730Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,196,602 shares; 2024Q4: 5,258,593 shares; 2025Q1: 5,217,526 shares; 2025Q2: 5,948,828 shares; 2025Q3: 6,030,588 shares 6,030,588$2.08B2.56%+81,760Timeline
ELVELEVANCE HEALTH INC FORMERLYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,609,258 shares; 2024Q4: 4,686,154 shares; 2025Q1: 4,672,768 shares; 2025Q2: 5,825,208 shares; 2025Q3: 5,768,918 shares 5,768,918$1.86B2.29%-56,290Timeline
DALDELTA AIR LINES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,841,592 shares; 2024Q4: 29,764,524 shares; 2025Q1: 30,691,939 shares; 2025Q2: 30,368,851 shares; 2025Q3: 29,525,241 shares 29,525,241$1.68B2.06%-843,610Timeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,912,062 shares; 2024Q4: 9,522,676 shares; 2025Q1: 9,432,979 shares; 2025Q2: 9,402,989 shares; 2025Q3: 9,396,659 shares 9,396,659$1.57B1.93%-6,330Timeline
BKNGBOOKING HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 281,138 shares; 2024Q4: 285,064 shares; 2025Q1: 283,119 shares; 2025Q2: 274,031 shares; 2025Q3: 286,928 shares 286,928$1.55B1.91%+12,897Timeline
UALUNITED AIRLS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,457,587 shares; 2024Q4: 13,848,308 shares; 2025Q1: 14,553,975 shares; 2025Q2: 14,514,915 shares; 2025Q3: 14,773,585 shares 14,773,585$1.43B1.75%+258,670Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,194,767 shares; 2024Q4: 8,250,369 shares; 2025Q1: 7,765,918 shares; 2025Q2: 4,544,040 shares; 2025Q3: 4,337,030 shares 4,337,030$1.37B1.68%-207,010Timeline
GDGENERAL DYNAMICS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,178,460 shares; 2024Q4: 4,212,422 shares; 2025Q1: 4,182,036 shares; 2025Q2: 3,940,964 shares; 2025Q3: 3,732,044 shares 3,732,044$1.27B1.57%-208,920Timeline
NOCNORTHROP GRUMMAN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,282,730 shares; 2024Q4: 2,017,292 shares; 2025Q1: 2,018,834 shares; 2025Q2: 1,980,349 shares; 2025Q3: 1,926,438 shares 1,926,438$1.17B1.44%-53,911Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 871,195 shares; 2024Q4: 811,489 shares; 2025Q1: 821,392 shares; 2025Q2: 557,789 shares; 2025Q3: 1,703,900 shares 1,703,900$1.14B1.4%+1,146,111Timeline
AZNASTRAZENECA PLC-SPONS ADRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,974,391 shares; 2024Q4: 15,186,692 shares; 2025Q1: 15,068,986 shares; 2025Q2: 14,526,862 shares; 2025Q3: 14,058,682 shares 14,058,682$1.08B1.33%-468,180Timeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 5,154,878 shares; 2025Q1: 7,018,165 shares; 2025Q2: 8,526,610 shares; 2025Q3: 8,133,290 shares 8,133,290$1.07B1.32%-393,320Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,971,340 shares; 2025Q1: 3,182,370 shares; 2025Q2: 3,076,760 shares; 2025Q3: 3,112,880 shares 3,112,880$1.06B1.31%+36,120Timeline
PGPROCTER & GAMBLE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,249,547 shares; 2024Q4: 7,353,715 shares; 2025Q1: 7,297,102 shares; 2025Q2: 7,063,859 shares; 2025Q3: 6,809,969 shares 6,809,969$1.05B1.29%-253,890Timeline
CMECME GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,726,755 shares 3,726,755$1.01B1.24%newTimeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,172,310 shares; 2025Q1: 1,487,810 shares; 2025Q2: 1,437,970 shares; 2025Q3: 1,415,000 shares 1,415,000$805M0.99%-22,970Timeline
TCOMTRIP COM GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,566,403 shares; 2024Q4: 9,697,846 shares; 2025Q1: 9,460,414 shares; 2025Q2: 9,205,966 shares; 2025Q3: 9,868,196 shares 9,868,196$742M0.91%+662,230Timeline
ULTAULTA BEAUTY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,190,170 shares; 2025Q2: 1,160,280 shares; 2025Q3: 1,263,820 shares 1,263,820$691M0.85%+103,540Timeline
PEPPEPSICO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,071,671 shares; 2024Q4: 5,138,847 shares; 2025Q1: 5,103,217 shares; 2025Q2: 5,002,742 shares; 2025Q3: 4,844,312 shares 4,844,312$680M0.84%-158,430Timeline
VEUVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,716,687 shares; 2024Q4: 5,273,708 shares; 2025Q1: 5,328,719 shares; 2025Q2: 3,175,284 shares; 2025Q3: 9,042,229 shares 9,042,229$645M0.79%+5,866,945Timeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,460,434 shares; 2024Q4: 8,897,277 shares; 2025Q1: 8,757,019 shares; 2025Q2: 8,533,159 shares; 2025Q3: 3,607,811 shares 3,607,811$645M0.79%-4,925,348Timeline
HALHALLIBURTON COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,997,640 shares; 2024Q4: 24,372,694 shares; 2025Q1: 24,163,891 shares; 2025Q2: 23,765,699 shares; 2025Q3: 26,004,682 shares 26,004,682$640M0.79%+2,238,983Timeline
FISVFISERV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,255,737 shares; 2024Q4: 4,662,197 shares; 2025Q1: 2,303,588 shares; 2025Q2: 2,279,351 shares; 2025Q3: 2,300,971 shares 2,300,971$297M0.36%+21,620Timeline
SLBSLB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,494,219 shares; 2024Q4: 10,697,985 shares; 2025Q1: 10,683,260 shares; 2025Q2: 9,824,737 shares; 2025Q3: 7,590,519 shares 7,590,519$261M0.32%-2,234,218Timeline
LMTLOCKHEED MARTIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 506,197 shares 506,197$253M0.31%newTimeline
HSBCHSBC HLDGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,982,050 shares; 2024Q4: 2,981,120 shares; 2025Q1: 2,968,720 shares; 2025Q2: 2,971,630 shares; 2025Q3: 2,970,010 shares 2,970,010$211M0.26%-1,620Timeline
ABTABBOTT LABORATORIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,195,151 shares; 2024Q4: 1,193,811 shares; 2025Q1: 1,186,535 shares; 2025Q2: 1,187,695 shares; 2025Q3: 1,186,245 shares 1,186,245$159M0.2%-1,450Timeline
ABBVABBVIE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 553,453 shares; 2024Q4: 552,523 shares; 2025Q1: 548,763 shares; 2025Q2: 549,143 shares; 2025Q3: 548,323 shares 548,323$127M0.16%-820Timeline
TFCTRUIST FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,189,656 shares; 2024Q4: 2,186,226 shares; 2025Q1: 2,165,462 shares; 2025Q2: 2,173,042 shares; 2025Q3: 2,168,782 shares 2,168,782$99.2M0.12%-4,260Timeline
CCITIGROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,083,550 shares; 2024Q4: 12,237,923 shares; 2025Q1: 12,146,885 shares; 2025Q2: 11,775,397 shares; 2025Q3: 943,584 shares 943,584$95.8M0.12%-10,831,813Timeline
SHGSHINHAN FINANCIAL GROUP CO LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 195,096 shares; 2024Q4: 174,896 shares; 2025Q1: 173,706 shares; 2025Q2: 161,866 shares; 2025Q3: 161,786 shares 161,786$8.15M0.01%-80Timeline
UNILEVER PLCUNILEVER PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 134,370 shares; 2024Q4: 133,480 shares; 2025Q1: 118,880 shares; 2025Q2: 119,070 shares; 2025Q3: 115,530 shares 115,530$6.85M0.01%-3,540
INGING GROEP N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 215,666 shares; 2024Q4: 219,066 shares; 2025Q1: 179,135 shares; 2025Q2: 143,785 shares; 2025Q3: 137,185 shares 137,185$3.58M<0.01%-6,600Timeline
NWGNATWEST GROUP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 292,066 shares; 2024Q4: 291,566 shares; 2025Q1: 231,024 shares; 2025Q2: 230,064 shares; 2025Q3: 219,664 shares 219,664$3.11M<0.01%-10,400Timeline
SYFSYNCHRONY FINANCIALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,747 shares; 2024Q4: 30,867 shares; 2025Q1: 23,307 shares; 2025Q2: 22,897 shares; 2025Q3: 21,477 shares 21,477$1.53M<0.01%-1,420Timeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SUSUNCOR ENERGY INC NEW3,993,467$150Mshares
APTVAPTIV PLC835,962$57Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-25-004770 base2025-11-13acceptance time not in the bulk data set