BRANDYWINE GLOBAL INVESTMENT MANAGEMENT LLC
Q2 2023 Form 13-F

PHILADELPHIA, PENNSYLVANIA
CIK 0000829108 · CRD 110783 · SEC-registered investment adviser
Holdings reported by American Beacon Advisors Inc since Q2 2026 , Russell Investments Group Ltd since Q1 2020 , FRANKLIN RESOURCES INC since Q1 2024 and 1 more
Consolidated report · includes 1 manager since Q1 2024
$12.0B Reported Value Total

BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC reports 1,176 total accounts under management (AUM). There are 1,158 discretionary accounts valued at $51,778,679,939, and 18 non-discretionary accounts valued at $2,597,678,203.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary & Non-Discretionary
Firm Brochure (Part 2A) Client Relationship Summary (Form CRS)
Private funds (Form ADV)
63 funds · $5.4B gross asset value
Other: $4.2B · Hedge Fund: $1.3B
Source: Form ADV filed 2026-09-29
Reported value
$12.0B
Quarter over quarter
+2.9%
Holdings
690
Top-10 concentration
15.3%

Reports holdings for

Holdings reported by

Key People

Form ADV owners & control persons
Christian Kanan Correa
EXECUTIVE VICE PRESIDENT AND CHIEF INVESTMENT OFFICER
Bjorn Anthony Davis
CHIEF COMPLIANCE OFFICER
Sonal Desai
EXECUTIVE VICE PRESIDENT AND DIRECTOR
Q1 2023
Q3 2023
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Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

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Q2 2023 13F filing summary

Period of report June 30, 2023
Filed August 11, 2023
Form 13F-HR
Reported value $12.0B
Positions 690
Change in reported value -3.1%
New positions 78
Exited positions 88
Position turnover 21.3%
Top-10 concentration 15.3%

13F filings by quarter

Quarter Positions Value
Q4 2025 13F
Filed Feb 11, 2026
 594 $14.9B
Q3 2025 13F
Filed Nov 13, 2025
 590 $14.6B
Q2 2025 13F
Filed Aug 12, 2025
 564 $14.2B
Q1 2025 13F
Filed May 13, 2025
 551 $13.9B
Q4 2024 13F
Filed Feb 12, 2025
 553 $13.8B
Q3 2024 13F
Filed Nov 12, 2024
 663 $15.0B
Q2 2024 13F
Filed Aug 14, 2024
 682 $13.4B
Q1 2024 13F
Filed May 13, 2024
 691 $13.8B
Q4 2023 13F
Filed Feb 9, 2024
 677 $12.4B
Q3 2023 13F
Filed Nov 13, 2023
 682 $11.4B
Q2 2023 13F
Filed Aug 11, 2023
 690 $12.0B
Q1 2023 13F
Filed May 12, 2023
 698 $12.4B
Q4 2022 13F
Filed Feb 10, 2023
 714 $12.8B
Q3 2022 13F
Filed Nov 14, 2022
 728 $10.7B
Q2 2022 13F
Filed Aug 11, 2022
 716 $11.5B
Q1 2022 13F
Filed May 13, 2022
 705 $13.7B
Q4 2021 13F
Filed Feb 11, 2022
 692 $14.0B
Q3 2021 13F
Filed Nov 12, 2021
 674 $13.2B
Q2 2021 13F
Filed Aug 13, 2021
 678 $13.5B
Q1 2021 13F
Filed May 13, 2021
 667 $13.3B

31 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q2 2023

# Holding Reported value % of portfolio
1 JPM JPMORGAN CHASE & CO $320.5M 2.67%
2 XOM EXXON MOBIL CORP $242.9M 2.02%
3 CVX CHEVRON CORP NEW $192.0M 1.6%
4 BAC BANK AMERICA CORP $169.4M 1.41%
5 COP CONOCOPHILLIPS $162.2M 1.35%
6 C CITIGROUP INC $157.5M 1.31%
7 MRK MERCK & CO INC $154.0M 1.28%
8 KR KROGER CO $149.6M 1.25%
9 BMY BRISTOL-MYERS SQUIBB CO $145.2M 1.21%
10 CSCO CISCO SYS INC $141.6M 1.18%
11 ABBV ABBVIE INC $131.5M 1.1%
12 TMUS T-MOBILE US INC $129.3M 1.08%
13 WFC WELLS FARGO CO NEW $127.9M 1.06%
14 LMT LOCKHEED MARTIN CORP $123.3M 1.03%
15 CI THE CIGNA GROUP $123.0M 1.02%
16 T AT&T INC $121.3M 1.01%
17 LOW LOWES COS INC $115.4M 0.96%
18 CB CHUBB LIMITED $106.2M 0.88%
19 FDX FEDEX CORP $104.2M 0.87%
20 CMCSA COMCAST CORP NEW $103.9M 0.87%

Values as reported on the Q2 2023 Form 13F. Every position is in the holdings table below.

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