13F
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Sanders Capital, LLC

13F equity value
$83.9B
Positions
44
Top 10 concentration
61.5%
Quarters / total new picks
22 / 47
13F equity value over time
$0M$43B$87B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 22 quarters, returned +6.9% per quarter — versus +2.3% per quarter from simply owning every 13F stock. It beat that baseline in only 50.0% of quarters (excess t = 1.65, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+11.1%
t-stat
1.65
Quarterly win rate
50%
Annualized excess
+16.3%
$1 → follow vs universe
$3.28 vs $1.51
Cumulative return: $1 invested in new picks vs universe
1.00 20180630: universe 0.92120180930: universe 0.96320181231: universe 0.95320191231: universe 0.76920200630: universe 0.85020200930: universe 1.04220201231: universe 1.08920210630: universe 1.17720210930: universe 1.05620220331: universe 1.13420221231: universe 1.05320230331: universe 1.11020230630: universe 1.07020231231: universe 1.11820240331: universe 1.14320240630: universe 1.24720240930: universe 1.23620241231: universe 1.15420250331: universe 1.25820250630: universe 1.29720250930: universe 1.45920251231: universe 1.509 20180630: follow 0.86920180930: follow 0.90820181231: follow 0.80920191231: follow 0.79020200630: follow 0.85020200930: follow 0.96520201231: follow 1.00320210630: follow 1.02220210930: follow 1.06320220331: follow 1.19520221231: follow 1.29620230331: follow 1.25520230630: follow 1.21220231231: follow 1.14620240331: follow 0.88320240630: follow 1.40220240930: follow 1.53120241231: follow 1.52520250331: follow 1.92120250630: follow 2.66220250930: follow 3.35520251231: follow 3.276 0.71 2.17 3.62 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 44 · 2026 Q1

Ticker Value Weight QoQ
TSM $9.5B
11.3%
TRIM
GOOG $8.2B
9.8%
TRIM
AMZN $6.2B
7.4%
ADD
META $6.0B
7.2%
ADD
STX $5.1B
6.0%
TRIM
MSFT $4.6B
5.5%
ADD
HCA $4.2B
5.1%
TRIM
AAPL $2.8B
3.3%
HOLD
CI $2.7B
3.3%
ADD
ACN $2.2B
2.6%
ADD
BAC $2.2B
2.6%
HOLD
AMAT $2.1B
2.5%
TRIM
DAL $2.0B
2.3%
HOLD
SPY $1.9B
2.3%
ADD
RTX $1.8B
2.2%
HOLD
CRM $1.8B
2.1%
ADD
ELV $1.7B
2.1%
ADD
UNH $1.6B
1.9%
HOLD
V $1.5B
1.8%
ADD
UAL $1.4B
1.7%
HOLD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

NVDA

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.