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Sanders Capital, LLC

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

Sanders Capital, LLC reported $86,819,838,720 across 44 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 61.83% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-000730

Period
2025-12-31
Reported value
$86.8B
Holdings
44
Top 10 weight
61.83%
New
2
Sold out
5

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CRMnew+8,615,819$2.28B
ACNadded+1,348,249$362M
METAadded+543,355$359M
LMTadded+637,030$308M
SPYadded+346,738$236M

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
BABAexited-3,607,811-$645M
HALexited-26,004,682-$640M
AMATreduced-2,143,029-$551M
GOOGreduced-1,752,685-$550M
SLBexited-7,590,519-$261M

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, Q4 2025

Share positions as resolved from 13F-HR 0001172661-26-000730, largest first. % of portfolio is the value over $86,819,838,720, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 31,914,021 shares 31,914,021$10B11.53%-1,752,685Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 31,958,360 shares 31,958,360$9.71B11.19%-322,044Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 10,038,174 shares 10,038,174$6.63B7.63%+543,355Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 12,150,215 shares 12,150,215$5.88B6.77%-134,780Timeline
HCAHCA HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 10,464,168 shares 10,464,168$4.89B5.63%-211,495Timeline
STXSEAGATE TECHNOLOGY HLDNGS PLQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 17,180,892 shares 17,180,892$4.73B5.45%-360,374Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 14,900,430 shares 14,900,430$3.44B3.96%-32,194Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 10,910,255 shares 10,910,255$2.97B3.42%-53,792Timeline
ACNACCENTURE PLC IRELANDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 8,824,786 shares; 2025Q3: 9,615,366 shares; 2025Q4: 10,963,615 shares 10,963,615$2.94B3.39%+1,348,249Timeline
BACBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 45,271,028 shares 45,271,028$2.49B2.87%-101,132Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 8,615,819 shares 8,615,819$2.28B2.63%newTimeline
AMATAPPLIED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,698,260 shares; 2025Q3: 10,978,990 shares; 2025Q4: 8,835,961 shares 8,835,961$2.27B2.62%-2,143,029Timeline
CITHE CIGNA GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 7,801,089 shares 7,801,089$2.15B2.47%-27,079Timeline
DALDELTA AIR LINES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 29,577,814 shares 29,577,814$2.05B2.36%+52,573Timeline
ELVELEVANCE HEALTH INC FORMERLYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 5,750,865 shares 5,750,865$2.02B2.32%-18,053Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 5,997,142 shares 5,997,142$1.98B2.28%-33,446Timeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 9,395,871 shares 9,395,871$1.72B1.98%-788Timeline
UALUNITED AIRLS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 15,182,819 shares 15,182,819$1.7B1.96%+409,234Timeline
BKNGBOOKING HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 281,138 shares; 2024Q4: 285,064 shares; 2025Q1: 283,119 shares; 2025Q2: 274,031 shares; 2025Q3: 286,928 shares; 2025Q4: 297,456 shares 297,456$1.59B1.83%+10,528Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,050,638 shares 2,050,638$1.4B1.61%+346,738Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 4,305,493 shares 4,305,493$1.39B1.6%-31,537Timeline
AZNASTRAZENECA PLC-SPONS ADRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 14,139,408 shares 14,139,408$1.3B1.5%+80,726Timeline
GDGENERAL DYNAMICS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,677,624 shares 3,677,624$1.24B1.43%-54,420Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 3,315,303 shares 3,315,303$1.16B1.34%+202,423Timeline
CMECME GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,726,755 shares; 2025Q4: 4,177,515 shares 4,177,515$1.14B1.31%+450,760Timeline
NOCNORTHROP GRUMMAN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,903,403 shares 1,903,403$1.09B1.25%-23,035Timeline
PGPROCTER & GAMBLE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 6,775,686 shares 6,775,686$971M1.12%-34,283Timeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 8,112,327 shares 8,112,327$920M1.06%-20,963Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,548,588 shares 1,548,588$884M1.02%+133,588Timeline
ULTAULTA BEAUTY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,263,736 shares 1,263,736$765M0.88%-84Timeline
TCOMTRIP COM GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 9,890,637 shares 9,890,637$711M0.82%+22,441Timeline
PEPPEPSICO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 4,245,422 shares 4,245,422$609M0.7%-598,890Timeline
LMTLOCKHEED MARTIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 506,197 shares; 2025Q4: 1,143,227 shares 1,143,227$553M0.64%+637,030Timeline
VEUVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 6,463,079 shares 6,463,079$475M0.55%-2,579,150Timeline
HSBCHSBC HLDGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,887,470 shares 2,887,470$227M0.26%-82,540Timeline
FISVFISERV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,292,304 shares 2,292,304$154M0.18%-8,667Timeline
ABTABBOTT LABORATORIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,151,585 shares 1,151,585$144M0.17%-34,660Timeline
ABBVABBVIE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 553,453 shares; 2024Q4: 552,523 shares; 2025Q1: 548,763 shares; 2025Q2: 549,143 shares; 2025Q3: 548,323 shares; 2025Q4: 532,163 shares 532,163$122M0.14%-16,160Timeline
TFCTRUIST FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,102,622 shares 2,102,622$103M0.12%-66,160Timeline
SHGSHINHAN FINANCIAL GROUP CO LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 195,096 shares; 2024Q4: 174,896 shares; 2025Q1: 173,706 shares; 2025Q2: 161,866 shares; 2025Q3: 161,786 shares; 2025Q4: 157,486 shares 157,486$8.45M0.01%-4,300Timeline
ULUNILEVER PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 98,335 shares 98,335$6.43M0.01%newTimeline
NWGNATWEST GROUP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 292,066 shares; 2024Q4: 291,566 shares; 2025Q1: 231,024 shares; 2025Q2: 230,064 shares; 2025Q3: 219,664 shares; 2025Q4: 205,464 shares 205,464$3.6M<0.01%-14,200Timeline
INGING GROEP N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 215,666 shares; 2024Q4: 219,066 shares; 2025Q1: 179,135 shares; 2025Q2: 143,785 shares; 2025Q3: 137,185 shares; 2025Q4: 128,385 shares 128,385$3.57M<0.01%-8,800Timeline
SYFSYNCHRONY FINANCIALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,747 shares; 2024Q4: 30,867 shares; 2025Q1: 23,307 shares; 2025Q2: 22,897 shares; 2025Q3: 21,477 shares; 2025Q4: 19,837 shares 19,837$1.66M<0.01%-1,640Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
BABAALIBABA GROUP HLDG LTD3,607,811$645Mshares
HALHALLIBURTON CO26,004,682$640Mshares
SLBSLB LIMITED7,590,519$261Mshares
CCITIGROUP INC943,584$95.8Mshares
UNILEVER PLCUNILEVER PLC115,530$6.85Mshares

How Q4 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 0001172661-26-000730 base2026-02-13acceptance time not in the bulk data set