Brandywine Global Investment Management, LLC Q4 2025 Filing

Filed February 11, 2026

Portfolio Value

$14.9B

Holdings

601

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (601 positions)

#	Stock	Shares	Value	% Portfolio
1	JPMJPMORGAN CHASE & CO.	1,374,890	$443.0M	2.97%
2	JNJJOHNSON & JOHNSON	1,951,088	$403.0M	2.70%
3	BACBANK AMERICA CORP	5,972,520	$328.0M	2.20%
4	WFCWELLS FARGO CO NEW	3,422,909	$319.0M	2.14%
5	TRVCCITIGROUP INC	2,696,496	$314.0M	2.11%
6	TAT&T INC	12,229,088	$303.0M	2.03%
7	XOMEXXON MOBIL CORP	2,009,194	$241.0M	1.62%
8	GSGOLDMAN SACHS GROUP INC	257,578	$226.0M	1.52%
9	GOOGLALPHABET INC	704,629	$220.0M	1.48%
10	CVSCVS HEALTH CORP	2,723,074	$216.0M	1.45%
11	KRKROGER CO	3,357,243	$209.0M	1.40%
12	CMCSACOMCAST CORP NEW	6,975,368	$208.0M	1.39%
13	PEPPEPSICO INC	1,391,861	$199.0M	1.33%
14	DISDISNEY WALT CO	1,717,034	$195.0M	1.31%
15	BACVERIZON COMMUNICATIONS INC	4,309,428	$175.0M	1.17%
16	DGDOLLAR GEN CORP NEW	1,254,014	$166.0M	1.11%
17	FDXFEDEX CORP	553,129	$159.0M	1.07%
18	DWDMORGAN STANLEY	877,171	$155.0M	1.04%
19	MDTMEDTRONIC PLC	1,584,743	$152.0M	1.02%
20	GPNGLOBAL PMTS INC	1,888,747	$146.0M	0.98%
21	AMGNAMGEN INC	427,722	$139.0M	0.93%
22	QCOMQUALCOMM INC	756,299	$129.0M	0.87%
23	DALDELTA AIR LINES INC DEL	1,838,051	$127.0M	0.85%
24	AERAERCAP HOLDINGS NV	873,309	$125.0M	0.84%
25	MTBM & T BK CORP	584,386	$117.0M	0.78%
26	GMGENERAL MTRS CO	1,412,993	$114.0M	0.76%
27	CRMSALESFORCE INC	415,202	$109.0M	0.73%
28	LMTLOCKHEED MARTIN CORP	225,122	$108.0M	0.72%
29	IBMINTERNATIONAL BUSINESS MACHS	364,334	$107.0M	0.72%
30	WTWWILLIS TOWERS WATSON PLC LTD	328,291	$107.0M	0.72%
31	GILDGILEAD SCIENCES INC	861,496	$105.0M	0.70%
32	LOWLOWES COS INC	417,673	$100.0M	0.67%
33	ONON SEMICONDUCTOR CORP	1,847,377	$100.0M	0.67%
34	MRKMERCK & CO INC	905,795	$95.0M	0.64%
35	KMBKIMBERLY-CLARK CORP	922,106	$93.0M	0.62%
36	EOGEOG RES INC	892,095	$93.0M	0.62%
37	ADBEADOBE INC	262,757	$91.0M	0.61%
38	HCAHCA HEALTHCARE INC	191,451	$89.0M	0.60%
39	TMUST-MOBILE US INC	440,280	$89.0M	0.60%
40	HONHONEYWELL INTL INC	452,541	$88.0M	0.59%
41	UNPUNION PAC CORP	384,313	$88.0M	0.59%
42	CITHE CIGNA GROUP	301,723	$83.0M	0.56%
43	METMETLIFE INC	1,046,639	$82.0M	0.55%
44	ANFABERCROMBIE & FITCH CO	637,848	$80.0M	0.54%
45	SATS 3.875 11/30/30ECHOSTAR CORP	24,218,011	$80.0M	0.54%
46	HUMHUMANA INC	313,859	$80.0M	0.54%
47	CRCCANADIAN NAT RES LTD	2,285,276	$77.0M	0.52%
48	SRESEMPRA	869,717	$76.0M	0.51%
49	EBAEBAY INC.	866,383	$75.0M	0.50%
50	CBCHUBB LIMITED	231,747	$72.0M	0.48%
51	PFEPFIZER INC	2,857,645	$71.0M	0.48%
52	NEMNEWMONT CORP	713,007	$71.0M	0.48%
53	ICLRICON PLC	399,813	$71.0M	0.48%
54	PGPROCTER AND GAMBLE CO	481,295	$68.0M	0.46%
55	MOALTRIA GROUP INC	1,165,851	$67.0M	0.45%
56	VTRSVIATRIS INC	5,423,976	$67.0M	0.45%
57	ADMARCHER DANIELS MIDLAND CO	1,161,285	$66.0M	0.44%
58	XELXCEL ENERGY INC	902,437	$66.0M	0.44%
59	PYPLPAYPAL HLDGS INC	1,118,334	$65.0M	0.44%
60	COPCONOCOPHILLIPS	693,506	$64.0M	0.43%
61	ALSALLSTATE CORP	306,489	$63.0M	0.42%
62	EIXEDISON INTL	1,043,859	$62.0M	0.42%
63	CSCOCISCO SYS INC	810,693	$62.0M	0.42%
64	NLYANNALY CAPITAL MANAGEMENT IN	2,771,945	$61.0M	0.41%
65	RPRXROYALTY PHARMA PLC	1,579,252	$61.0M	0.41%
66	FEFIRSTENERGY CORP	1,329,624	$59.0M	0.40%
67	SYYSYSCO CORP	813,340	$59.0M	0.40%
68	MMM3M CO	367,504	$58.0M	0.39%
69	SNYSANOFI SA	1,200,571	$58.0M	0.39%
70	TRVTRAVELERS COMPANIES INC	200,865	$58.0M	0.39%
71	SHELSHELL PLC	781,017	$57.0M	0.38%
72	PGRPROGRESSIVE CORP	250,851	$57.0M	0.38%
73	CABO 1.125 03/15/28CABLE ONE INC	70,351,000	$57.0M	0.38%
74	BMRNBIOMARIN PHARMACEUTICAL INC	945,847	$56.0M	0.38%
75	DHID R HORTON INC	391,512	$56.0M	0.38%
76	HSTHOST HOTELS & RESORTS INC	3,163,450	$56.0M	0.38%
77	DOCHEALTHPEAK PROPERTIES INC	3,446,910	$55.0M	0.37%
78	ESEVERSOURCE ENERGY	829,120	$55.0M	0.37%
79	VNTVONTIER CORPORATION	1,495,686	$55.0M	0.37%
80	RRXREGAL REXNORD CORPORATION	387,424	$54.0M	0.36%
81	GSKGSK PLC	1,116,087	$54.0M	0.36%
82	GDGENERAL DYNAMICS CORP	159,113	$53.0M	0.36%
83	SWSMURFIT WESTROCK PLC	1,404,000	$53.0M	0.36%
84	AIGAMERICAN INTL GROUP INC	611,195	$52.0M	0.35%
85	MGAMAGNA INTL INC	982,886	$52.0M	0.35%
86	IWDISHARES TR	242,573	$51.0M	0.34%
87	BIDUNBAIDU INC	384,282	$50.0M	0.34%
88	MIDDMIDDLEBY CORP	337,939	$50.0M	0.34%
89	DUKDUKE ENERGY CORP NEW	426,984	$50.0M	0.34%
90	HIGHARTFORD INSURANCE GROUP INC	351,366	$48.0M	0.32%
91	CECELANESE CORP DEL	1,119,658	$47.0M	0.32%
92	CAGCONAGRA BRANDS INC	2,734,874	$47.0M	0.32%
93	ELLAUDER ESTEE COS INC	439,378	$46.0M	0.31%
94	DEODIAGEO PLC	540,879	$46.0M	0.31%
95	BKBANK NEW YORK MELLON CORP	392,700	$45.0M	0.30%
96	CNHICNH INDL N V	4,961,457	$45.0M	0.30%
97	ABGCENCORA INC	133,773	$45.0M	0.30%
98	TSNTYSON FOODS INC	757,626	$44.0M	0.30%
99	CSXCSX CORP	1,202,015	$43.0M	0.29%
100	SYFSYNCHRONY FINANCIAL	523,715	$43.0M	0.29%

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