Total reported value
$83.9B
Reporting period: 2026-03-31 · Number of holdings: 44
Sanders Capital, LLC disclosed 44 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $83.9B and a quarterly turnover rate of 23.2%.
Browse other institutions with $10B to $100B AUMBrowse other institutions starting with "S"
Add AMZN
+100.1% $2.8B
Trim BKNG
+0.7% -$1.5B
Trim GOOG
-10.0% -$1.8B
Trim MSFT
+2.0% -$1.3B
Add CI
+31.9% $597.9M
Trim ACN
+2.1% -$721.1M
Sanders Capital is rotating aggressively into mega-cap momentum names—doubling its AMZN bet and initiating a fresh position in NVDA—while trimming GOOG and exiting AZNN, telegraphing a conviction that the AI-led rally still has legs and that peak crowding in semis and cloud hasn't arrived. The low portfolio turnover makes these weight shifts a deliberate conviction pivot, not noise.
By pushing Information Technology to 36% of assets and adding NVDA and AMZN, Sanders is pricing in a soft-landing regime where earnings growth outruns valuation risk. The opposing thesis is a late-cycle earnings cliff in overpriced tech, or a sudden value rotation that would decimate momentum-driven portfolios.
The portfolio's extreme momentum factor tilt (score 100.0) is now a consensus trade — the exact positioning that gets squeezed when a growth scare triggers a coordinated unwind of crowded longs. Adding to NVDA and AMZN in the same quarter locks them into the same core positions as every other momentum fund, with no commodity or defensive duration to absorb a systematic reversal.
This summary was generated by AI from publicly filed SEC data and reflects historical holdings only — it is not a recommendation to buy or sell.
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 11.30% | +0.11% | -12.20% | |
| 2 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 9.82% | -1.71% | -9.97% | |
| 3 | AMZN | Amazon.com INC | Stock-Consumer Disc | 7.40% | +3.44% | +100.12% | |
| 4 | META | Meta Platforms Inc-class A | Stock-Comm Services | 7.20% | -0.43% | +5.25% | |
| 5 | STX | Seagate Technology Holdings plc | Stock-Tech | 6.02% | +0.57% | -24.93% | |
| 6 | MSFT | Microsoft CORP | Stock-Tech | 5.47% | -1.30% | +2.00% | |
| 7 | HCA | Hca Healthcare INC | Stock-Healthcare | 5.05% | -0.58% | -14.40% | |
| 8 | AAPL | Apple INC | Stock-Tech | 3.29% | -0.13% | -0.37% | |
| 9 | CI | THE Cigna Group | Stock-Healthcare | 3.27% | +0.80% | +31.91% | |
| 10 | ACN | Accenture plc | Stock-Tech | 2.65% | -0.74% | +2.14% | |
| 11 | BAC | Bank Of America CORP | Stock-Financials | 2.62% | -0.25% | -0.23% | |
| 12 | AMAT | Applied Materials INC | Stock-Tech | 2.51% | -0.11% | -30.11% | |
| 13 | DAL | Delta Air Lines INC | Stock-Industrials | 2.33% | -0.03% | -0.37% | |
| 14 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 2.26% | +0.65% | +42.54% | |
| 15 | RTX | Rtx CORP | Stock-Industrials | 2.16% | +0.18% | +0.12% | |
| 16 | CRM | Salesforce INC | Stock-Tech | 2.12% | -0.51% | +10.64% | |
| 17 | ELV | Elevance Health INC | Stock-Healthcare | 2.06% | -0.26% | +2.49% | |
| 18 | UNH | Unitedhealth Group INC | Stock-Healthcare | 1.92% | -0.36% | -0.54% | |
| 19 | V | Visa Inc-class A Shares | Stock-Financials | 1.75% | +0.41% | +46.64% | |
| 20 | UAL | United Airlines Holdings INC | Stock-Industrials | 1.67% | -0.29% | +0.14% | |
| 21 | AZN | AstraZeneca PLC | Stock-Healthcare | 1.66% | +1.66% | NEW | |
| 22 | NOC | Northrop Grumman CORP | Stock-Industrials | 1.52% | +0.27% | -1.90% | |
| 23 | NVDA | Nvidia CORP | Stock-Tech | 1.48% | +1.48% | NEW | |
| 24 | GD | General Dynamics CORP | Stock-Industrials | 1.48% | +0.05% | -1.64% | |
| 25 | CME | Cme Group INC | Stock-Financials | 1.46% | +0.15% | -0.39% | |
| 26 | MA | Mastercard INC - A | Stock-Financials | 1.41% | +0.39% | +52.42% | |
| 27 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.37% | -0.23% | -9.50% | |
| 28 | ULTA | Ulta Beauty INC | Stock-Consumer Disc | 1.19% | +0.31% | +50.99% | |
| 29 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.16% | +0.04% | -0.36% | |
| 30 | PDD | Pdd Holdings INC | Stock-Consumer Disc | 0.99% | -0.07% | -0.25% | |
| 31 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 0.89% | +0.34% | +54.41% | |
| 32 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.82% | +0.18% | -0.19% | |
| 33 | TCOM | Trip.com Group Ltd-adr | Stock-Consumer Disc | 0.63% | -0.19% | +7.58% | |
| 34 | PEP | Pepsico INC | Stock-Consumer Staples | 0.33% | -0.37% | -58.22% | |
| 35 | HSBC | Hsbc Holdings Plc-spons Adr | Stock-Financials | 0.28% | +0.02% | -2.79% | |
| 36 | ABT | Abbott Laboratories | Stock-Healthcare | 0.14% | -0.03% | -2.64% | |
| 37 | ABBV | Abbvie INC | Stock-Healthcare | 0.13% | -0.01% | -2.93% | |
| 38 | TFC | Truist Financial CORP | Stock-Financials | 0.11% | -0.01% | -3.08% | |
| 39 | BKNG | Booking Holdings INC | Stock-Consumer Disc | 0.06% | -1.77% | +0.68% | |
| 40 | SHG | Shinhan Financial Group-adr | Stock-Other | 0.01% | — | -2.45% | |
| 41 | UL | Unilever Plc-sponsored Adr | Stock-Consumer Staples | 0.01% | — | -6.92% | |
| 42 | ING | Ing Groep N.v.-sponsored Adr | Stock-Financials | — | — | -9.74% | |
| 43 | NWG | Natwest Group PLC -spon Adr | Stock-Financials | — | — | -9.93% | |
| 44 | SYF | Synchrony Financial | Stock-Financials | — | — | -4.89% |
Performance for Q3 2026
+1.2%
Performance Last 4 Quarters
+24.6%
Based on 74% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 44 | $83.9B | 23 | |
| 2025-12-31 | 44 | $86.8B | 15 | |
| 2025-09-30 | 47 | $81.3B | 33 | |
| 2025-06-30 | 47 | $74.5B | 0 | |
| 2025-03-31 | 47 | $66.9B | 100 | |
| 2024-12-31 | 46 | $68.4B | 0 | |
| 2024-09-30 | 45 | $69.0B | 0 | |
| 2024-06-30 | 45 | $65.3B | 0 | |
| 2024-03-31 | 42 | $59.9B | 0 | |
| 2023-12-31 | 44 | $54.1B | 0 | |
| 2023-09-30 | 44 | $47.3B | 0 | |
| 2023-06-30 | 49 | $47.9B | 0 | |
| 2023-03-31 | 48 | $42.2B | 0 | |
| 2022-12-31 | 46 | $38.1B | 0 | |
| 2022-09-30 | 42 | $36.4B | 0 | |
| 2022-06-30 | 42 | $39.5B | 0 | |
| 2022-03-31 | 44 | $46.0B | 0 | |
| 2021-12-31 | 44 | $49.0B | 0 | |
| 2021-09-30 | 45 | $44.1B | 0 | |
| 2021-06-30 | 46 | $44.1B | 0 | |
| 2021-03-31 | 44 | $41.5B | 0 | |
| 2020-12-31 | 44 | $37.9B | 0 | |
| 2020-09-30 | 45 | $29.2B | 0 | |
| 2020-06-30 | 42 | $26.8B | 0 | |
| 2020-03-31 | 40 | $21.3B | 0 | |
| 2019-12-31 | 42 | $28.3B | 0 | |
| 2019-09-30 | 40 | $22.3B | 0 | |
| 2019-06-30 | 40 | $21.8B | 0 | |
| 2019-03-31 | 42 | $20.8B | 0 | |
| 2018-12-31 | 44 | $18.0B | 0 | |
| 2018-09-30 | 43 | $19.8B | 0 | |
| 2018-06-30 | 41 | $18.6B | 0 | |
| 2018-03-31 | 40 | $18.0B | 0 | |
| 2017-12-31 | 41 | $18.4B | 0 | |
| 2017-09-30 | 38 | $16.6B | 0 | |
| 2017-06-30 | 38 | $15.6B | 0 | |
| 2017-03-31 | 40 | $15.1B | 0 | |
| 2016-12-31 | 42 | $14.1B | 0 | |
| 2016-09-30 | 44 | $12.7B | 0 | |
| 2016-06-30 | 47 | $12.1B | 0 | |
| 2016-03-31 | 49 | $11.6B | 0 | |
| 2015-12-31 | 48 | $10.9B | 0 | |
| 2015-09-30 | 49 | $10.0B | 0 | |
| 2015-06-30 | 48 | $10.6B | 0 | |
| 2015-03-31 | 48 | $10.1B | 0 | |
| 2014-12-31 | 53 | $10.2B | 0 | |
| 2014-09-30 | 55 | $9.4B | 0 | |
| 2014-06-30 | 55 | $9.0B | 0 | |
| 2014-03-31 | 56 | $8.6B | 0 | |
| 2013-12-31 | 57 | $8.4B | 0 | |
| 2013-09-30 | 56 | $7.3B | 0 | |
| 2013-06-30 | 56 | $7.3B | 0 |
Sanders Capital, LLC's most significant position changes for 2026-03-31: New buy: AstraZeneca PLC (AZN); Sold out: Astrazeneca Plc-spons Adr (AZNN); New buy: Nvidia CORP (NVDA); Sold out: Fiserv INC (FISV); Add: Amazon.com INC (AMZN) — shares +100.12%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com INC | +3.4% | +100.12% | Add |
| 2 | CI | THE Cigna Group | +0.8% | +31.91% | Add |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.7% | +42.54% | Add |
| 4 | STX | Seagate Technology Holdings plc | +0.6% | -24.93% | Trim |
| 5 | V | Visa Inc-class A Shares | +0.4% | +46.64% | Add |
| 6 | MA | Mastercard INC - A | +0.4% | +52.42% | Add |
| 7 | VEU | Vanguard Ftse All-world Ex-u | +0.3% | +54.41% | Add |
| 8 | ULTA | Ulta Beauty INC | +0.3% | +50.99% | Add |
| 9 | NOC | Northrop Grumman CORP | +0.3% | -1.90% | Trim |
| 10 | LMT | Lockheed Martin CORP | +0.2% | -0.19% | Trim |
| 11 | RTX | Rtx CORP | +0.2% | +0.12% | Add |
| 12 | CME | Cme Group INC | +0.2% | -0.39% | Trim |
| 13 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | -12.20% | Trim |
| 14 | GD | General Dynamics CORP | +0.1% | -1.64% | Trim |
| 15 | PG | Procter & Gamble Co/the | 0% | -0.36% | Trim |
| 16 | HSBC | Hsbc Holdings Plc-spons Adr | 0% | -2.79% | Trim |
| 17 | UL | Unilever Plc-sponsored Adr | — | -6.92% | Trim |
| 18 | SHG | Shinhan Financial Group-adr | — | -2.45% | Trim |
| 19 | NWG | Natwest Group PLC -spon Adr | — | -9.93% | Trim |
| 20 | ING | Ing Groep N.v.-sponsored Adr | — | -9.74% | Trim |
| 21 | SYF | Synchrony Financial | — | -4.89% | Trim |
| 22 | TFC | Truist Financial CORP | 0% | -3.08% | Trim |
| 23 | ABBV | Abbvie INC | 0% | -2.93% | Trim |
| 24 | DAL | Delta Air Lines INC | 0% | -0.37% | Trim |
| 25 | ABT | Abbott Laboratories | 0% | -2.64% | Trim |
| 26 | PDD | Pdd Holdings INC | -0.1% | -0.25% | Trim |
| 27 | AMAT | Applied Materials INC | -0.1% | -30.11% | Trim |
| 28 | AAPL | Apple INC | -0.1% | -0.37% | Trim |
| 29 | TCOM | Trip.com Group Ltd-adr | -0.2% | +7.58% | Add |
| 30 | JPM | Jpmorgan Chase & Co | -0.2% | -9.50% | Trim |
| 31 | BAC | Bank Of America CORP | -0.3% | -0.23% | Trim |
| 32 | ELV | Elevance Health INC | -0.3% | +2.49% | Add |
| 33 | UAL | United Airlines Holdings INC | -0.3% | +0.14% | Add |
| 34 | UNH | Unitedhealth Group INC | -0.4% | -0.54% | Trim |
| 35 | PEP | Pepsico INC | -0.4% | -58.22% | Trim |
| 36 | META | Meta Platforms Inc-class A | -0.4% | +5.25% | Add |
| 37 | CRM | Salesforce INC | -0.5% | +10.64% | Add |
| 38 | HCA | Hca Healthcare INC | -0.6% | -14.40% | Trim |
| 39 | ACN | Accenture plc | -0.7% | +2.14% | Add |
| 40 | MSFT | Microsoft CORP | -1.3% | +2.00% | Add |
| 41 | GOOG | Alphabet Inc-cl C | -1.7% | -9.97% | Trim |
| 42 | BKNG | Booking Holdings INC | -1.8% | +0.68% | Add |
| 43 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 44 | AZNN | Astrazeneca Plc-spons Adr | — | EXIT | Sold out |
| 45 | NVDA | Nvidia CORP | — | NEW | New buy |
| 46 | FISV | Fiserv INC | — | EXIT | Sold out |
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