Sanders Capital 13F, Q3 2025
Lewis Sanders · quarter ending 30 September 2025 · filed 13 November 2025 · SEC CIK 1508097
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
The 25 largest of 47 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $9.02B | 11.1% | -16% shares |
| ALPHABET INC | GOOG | $8.20B | 10.1% | -5% shares |
| META PLATFORMS INC | META | $6.97B | 8.6% | -7% shares |
| MICROSOFT CORP | MSFT | $6.36B | 7.8% | -4% shares |
| HCA HEALTHCARE INC | HCA | $4.55B | 5.6% | -4% shares |
| SEAGATE TECHNOLOGY HLDNGS PL | $4.14B | 5.1% | -3% shares | |
| AMAZON COM INC | AMZN | $3.28B | 4.0% | +11% shares |
| APPLE INC | AAPL | $2.79B | 3.4% | -16% shares |
| ACCENTURE PLC IRELAND | $2.37B | 2.9% | +9% shares | |
| BANK AMERICA CORP | BAC | $2.34B | 2.9% | -4% shares |
| THE CIGNA GROUP | CI | $2.26B | 2.8% | unchanged |
| APPLIED MATLS INC | AMAT | $2.25B | 2.8% | +43% shares |
| UNITEDHEALTH GROUP INC | UNH | $2.08B | 2.6% | unchanged |
| ELEVANCE HEALTH INC FORMERLY | ELV | $1.86B | 2.3% | unchanged |
| DELTA AIR LINES INC DEL | DAL | $1.68B | 2.1% | -3% shares |
| RTX CORPORATION | RTX | $1.57B | 1.9% | unchanged |
| BOOKING HOLDINGS INC | BKNG | $1.55B | 1.9% | +5% shares |
| UNITED AIRLS HLDGS INC | UAL | $1.43B | 1.8% | unchanged |
| JPMORGAN CHASE & CO. | JPM | $1.37B | 1.7% | -5% shares |
| GENERAL DYNAMICS CORP | GD | $1.27B | 1.6% | -5% shares |
| NORTHROP GRUMMAN CORP | NOC | $1.17B | 1.4% | -3% shares |
| SPDR S&P 500 ETF TR | SPY | $1.14B | 1.4% | +206% shares |
| ASTRAZENECA PLC | AZNN | $1.08B | 1.3% | -3% shares |
| PDD HOLDINGS INC | PDD | $1.07B | 1.3% | -5% shares |
| VISA INC | V | $1.06B | 1.3% | unchanged |
What changed since Q2 2025
Against the Q2 2025 filing, Sanders Capital opened 2 new positions, added to 9, trimmed 23, left 13 unchanged and exited 2. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001172661-25-004770, filed by Sanders Capital, LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.