GQG Partners LLC 13F Disclosure (Q2 2026) — Portfolio & Holdings

GQG Partners' June 2026 quarter reads as a program of active pruning rather than accumulation: seven of the eight largest reported moves were reductions, headlined by a near-total liquidation of Johnson & Johnson (2.84% down to 0.01%), a clean exit from Occidental Petroleum, Suncor cut to a 0.23% stub, and deep percentage-point reductions across Chevron, Enbridge, AT&T and ICICI Bank. The sole large addition was Exxon Mobil, raised from 1.79% to 4.29% — which, given energy's still-substantial 21.45% sector weight, suggests the selling was largely intra-energy consolidation into a single integrated major rather than a sector exit. With 102 names, an HHI around 0.048 and roughly 50% turnover, the book remains diversified while churning hard; note the file discloses only the top movers, so the redeployment of proceeds beyond XOM cannot be traced from this data.