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Asset manager

GQG Partners LLC

13F for the quarter to June 30, 2026, filed August 12, 2026 · SEC CIK 1697233

Reported value
$53.8bn
91% in companies we cover
Positions we cover
82
Largest PM 15.3%
Copy, a year
+18.7%
S&P 500 +14.6%
Copy Sharpe ratio
0.80
S&P 500 0.67

How copying its 13F would have done

$10.0k$20.0k$40.0k 20172019202120232025 $47.6k$34.6k
CopyS&P 500 $10,000 copying GQG Partners LLC's filed holdings in companies we cover from September 29, 2017, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −30.7% (S&P 500 −31.8%); beta 0.90; alpha +4.9% a year (t = 1.32); last 12 months +21.3% against +12.1%.

Reported value by quarter

GQG Partners LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $10T $20T $30T $40T Reported value, 2016-12-31: $143.9M Reported value, 2017-03-31: $444.6M Reported value, 2017-06-30: $1.4B Reported value, 2017-09-30: $2.8B Reported value, 2017-12-31: $3.2B Reported value, 2018-03-31: $3.9B Reported value, 2018-06-30: $4.2B Reported value, 2018-09-30: $6.1B Reported value, 2018-12-31: $6.5B Reported value, 2019-03-31: $8.1B Reported value, 2019-06-30: $9.3B Reported value, 2019-09-30: $9.8B Reported value, 2019-12-31: $14.5B Reported value, 2020-03-31: $14.5B Reported value, 2020-06-30: $22.8B Reported value, 2020-09-30: $29.2B Reported value, 2020-12-31: $29.2B Reported value, 2021-03-31: $27.4B Reported value, 2021-06-30: $34B Reported value, 2021-09-30: $36.5B Reported value, 2021-12-31: $40.3B Reported value, 2022-03-31: $43.1B Reported value, 2022-06-30: $40.7B Reported value, 2022-09-30: $34.6B Reported value, 2022-12-31: $37T Reported value, 2023-03-31: $38.2B Reported value, 2023-06-30: $43.5B Reported value, 2023-09-30: $43.2B Reported value, 2023-12-31: $47.2B Reported value, 2024-03-31: $62.2B Reported value, 2024-06-30: $66B Reported value, 2024-09-30: $63.8B Reported value, 2024-12-31: $67.4B Reported value, 2025-03-31: $62.8B Reported value, 2025-06-30: $70.3B Reported value, 2025-09-30: $65.1B Reported value, 2025-12-31: $60.7B Reported value, 2026-03-31: $63.1B Reported value, 2026-06-30: $53.8B 2016-12-31 2018-12-31 2020-12-31 2022-12-31 2024-12-31 2026-06-30 $53.8B
View chart data
Period Reported value
2016-12-31 $143.9M
2017-03-31 $444.6M
2017-06-30 $1.4B
2017-09-30 $2.8B
2017-12-31 $3.2B
2018-03-31 $3.9B
2018-06-30 $4.2B
2018-09-30 $6.1B
2018-12-31 $6.5B
2019-03-31 $8.1B
2019-06-30 $9.3B
2019-09-30 $9.8B
2019-12-31 $14.5B
2020-03-31 $14.5B
2020-06-30 $22.8B
2020-09-30 $29.2B
2020-12-31 $29.2B
2021-03-31 $27.4B
2021-06-30 $34B
2021-09-30 $36.5B
2021-12-31 $40.3B
2022-03-31 $43.1B
2022-06-30 $40.7B
2022-09-30 $34.6B
2022-12-31 $37T
2023-03-31 $38.2B
2023-06-30 $43.5B
2023-09-30 $43.2B
2023-12-31 $47.2B
2024-03-31 $62.2B
2024-06-30 $66B
2024-09-30 $63.8B
2024-12-31 $67.4B
2025-03-31 $62.8B
2025-06-30 $70.3B
2025-09-30 $65.1B
2025-12-31 $60.7B
2026-03-31 $63.1B
2026-06-30 $53.8B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
PMPhilip Morris International15.29%$8.2bn45.44M−9.3% Reduced
CBChubb Limited7.91%$4.3bn12.47M+0.4%
PBRPetrobras - Petroleo Brasileiro SA5.81%$3.1bn193.20M+11.4% Added
ENBEnbridge Inc4.95%$2.7bn49.08M−35.8% Reduced
MOAltria3.36%$1.8bn25.11M+5.3% Added
CICigna3.03%$1.6bn5.91M−1.6% Reduced
PGRProgressive Corporation2.86%$1.5bn7.04M−22.9% Reduced
VZVerizon2.83%$1.5bn35.88M−21.5% Reduced
BTIBritish American Tobacco P.l.c.2.82%$1.5bn24.57M−11.3% Reduced
KOThe Coca-Cola Company2.78%$1.5bn18.39M−12.9% Reduced
AEPAmerican Electric Power2.61%$1.4bn10.26M−31.7% Reduced
ALLAllstate2.32%$1.2bn5.24M−9.1% Reduced
TAT&T2.28%$1.2bn59.10M−27.4% Reduced
AWKAmerican Water Works2.18%$1.2bn8.90M+38.4% Added
TRPTC Energy Corp2.06%$1.1bn16.74M−1.2% Reduced
EXCExelon1.72%$922.9m19.80M−11.1% Reduced
XELXcel Energy1.66%$891.7m11.10M−0.8% Reduced
DUKDuke Energy1.53%$823.2m6.50M−16.7% Reduced
CVSCVS Health1.53%$823.0m7.96M+25136.8% Added
TRVThe Travelers Companies1.47%$789.0m2.39MNew
CVXChevron Corporation1.33%$716.4m4.32M−57.9% Reduced
NEENextEra Energy1.21%$651.3m7.42M−19.9% Reduced
TEAMAtlassian Corp1.11%$595.7m7.66MNew
NVDANVIDIA Corporation1.10%$590.2m2.95M+98752.3% Added
ABEVAmbev S.a.1.08%$581.1m185.07M−1.1% Reduced
ULUnilever PLC0.97%$521.5m8.67M−7.7% Reduced
HSYThe Hershey Company0.90%$485.4m2.77MNew
ABBVAbbVie0.90%$483.6m1.92MNew
DELLDell Technologies0.89%$478.9m1.11MNew
TSMTaiwan Semiconductor Manufacturing Co LTD0.77%$414.0m866.9K+390.3% Added
CVECenovus Energy Inc.0.77%$411.6m16.59M−38.0% Reduced
DVNDevon Energy0.75%$402.6m9.74M−39.8% Reduced
AAPLApple Inc.0.69%$372.2m1.29MNew
CMSCMS Energy0.68%$363.4m4.75M+7.7% Added
METAMeta Platforms0.62%$333.1m591.4KNew
MSFTMicrosoft Corporation0.59%$316.5m848.5KNew
ISRGIntuitive Surgical0.58%$310.4m780.4KNew
CINFCincinnati Financial0.40%$216.7m1.17M−22.9% Reduced
EMBJEmbraer S.a.0.38%$203.4m3.19M−47.5% Reduced
ATOAtmos Energy0.38%$202.4m1.18M+32.5% Added
STTState Street Corporation0.35%$187.6m1.11MNew
RNRRenaissancere Holdings LTD0.34%$185.4m584.9K+16.4% Added
BACBank of America0.34%$180.4m3.17MNew
CNPCenterPoint Energy0.33%$176.6m4.01M−15.4% Reduced
ACGLArch Capital Group0.31%$166.7m1.72M+4.3% Added
MCDMcDonald's0.30%$162.6m601.4KNew
NTESNetease, Inc.0.29%$157.2m1.23MNew
AVGOBroadcom0.26%$140.8m372.9KNew
AMZNAmazon0.25%$136.8m574.0K+39926.1% Added
SUSuncor Energy Inc0.23%$123.3m2.29M−86.7% Reduced
FANGDiamondback Energy0.19%$103.2m587.0KNew
BUDAnheuser-busch Inbev SA0.14%$75.7m918.3K+13420.9% Added
ORIOLD Republic International Corp0.13%$72.0m1.76M−50.2% Reduced
JDJd.com, Inc.0.11%$58.7m2.30MNew
PEPPepsiCo0.06%$29.5m218.2K−79.4% Reduced
CNQCanadian Natural Resources Ltd0.02%$10.9m274.9K−98.4% Reduced
IBMIBM0.02%$8.6m30.7KNew
AZNAstrazeneca PLC0.02%$8.5m45.6K+0.1%
SAPSAP SE0.01%$7.0m45.5KNew
VLOValero Energy0.01%$6.9m26.6K−21.6% Reduced
MRKMerck & Co.0.01%$6.8m53.1K+0.1%
JNJJohnson & Johnson0.01%$6.4m25.2K−99.7% Reduced
BMYBristol Myers Squibb0.01%$5.5m96.3K+107.6% Added
AIGAmerican International Group0.01%$5.5m73.4K−99.3% Reduced
PPLPPL Corporation0.01%$5.3m146.6K−57.6% Reduced
SOSouthern Company0.01%$5.1m53.8K+0.1%
FDSFactset Research Systems Inc0.01%$4.9m21.3KNew
PGProcter & Gamble0.01%$4.3m29.2K−69.8% Reduced
HSBCHsbc Holdings PLC0.01%$3.6m37.7KNew
OMCOmnicom Group0.01%$3.3m45.7KNew
PFEPfizer0.01%$3.2m131.6K+36.4% Added
KRKroger0.00%$1.9m34.2K−99.7% Reduced
WDAYWorkday, Inc.0.00%$1.9m15.2KNew
ASMLAsml Holding NV0.00%$1.1m540New
APPApplovin Corp0.00%$954,0981.9K−0.8% Reduced
RYRoyal Bank Of Canada0.00%$633,1213.1K0.0%
WMTWalmart0.00%$610,8825.4K0.0%
SHELShell plc0.00%$465,3426.0K0.0%
GSGoldman Sachs0.00%$301,1742980.0%
ADSKAutodesk, Inc.0.00%$229,4641.2KNew
VVisa Inc.0.00%$219,154639−48.3% Reduced
GRABGrab Holdings Ltd0.00%$48,80312.9KNew
CompanyBought (value)Shares
CVSCVS Health$819.7m7.92M
TRVThe Travelers Companies$789.0m2.39M
TEAMAtlassian Corp$595.7m7.66M
NVDANVIDIA Corporation$589.6m2.95M
HSYThe Hershey Company$485.4m2.77M
ABBVAbbVie$483.6m1.92M
DELLDell Technologies$478.9m1.11M
AAPLApple Inc.$372.2m1.29M
METAMeta Platforms$333.1m591.4K
TSMTaiwan Semiconductor Manufacturing Co LTD$329.6m690.1K
AWKAmerican Water Works$325.3m2.47M
PBRPetrobras - Petroleo Brasileiro SA$319.3m19.76M
MSFTMicrosoft Corporation$316.5m848.5K
ISRGIntuitive Surgical$310.4m780.4K
STTState Street Corporation$187.6m1.11M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
JNJJohnson & Johnson−$1.9bn−7.29M
ENBEnbridge Inc−$1.5bn−27.34M
OXYOccidental Petroleum−$1.2bn−18.31M
CVXChevron Corporation−$985.3m−5.94M
HDBHdfc Bank LTD−$848.3m−34.10M
PMPhilip Morris International−$844.7m−4.67M
SUSuncor Energy Inc−$802.7m−14.93M
AIGAmerican International Group−$783.6m−10.51M
CMECME Group−$775.5m−2.63M
KRKroger−$705.4m−12.70M
CNQCanadian Natural Resources Ltd−$683.3m−17.28M
AEPAmerican Electric Power−$651.6m−4.76M
TAT&T−$460.6m−22.25M
PGRProgressive Corporation−$457.8m−2.10M
VZVerizon−$416.5m−9.84M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
OXYOccidental Petroleum$1.2bn18.31M
HDBHdfc Bank LTD$848.3m34.10M
CMECME Group$775.5m2.63M
FNVFranco Nevada Corp$288.0m1.17M
VALEVale S.a.$263.7m16.57M
  • Consumer Staples30.2%
  • Financials18.1%
  • Energy17.7%
  • Utilities13.5%
  • Health Care6.7%
  • Communication Services6.6%
  • Technology6.0%
  • Consumer Discretionary0.7%
  • Industrials0.4%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestSeptember 29, 2017 to November 2, 2026+18.7%+14.6%0.800.67−30.7%0.90
2018 onwardsJanuary 5, 2018 to November 2, 2026+17.8%+13.9%0.760.63−30.7%0.90
Last three yearsNovember 3, 2023 to November 2, 2026+30.1%+21.8%1.311.16−14.9%0.73
Last yearNovember 7, 2025 to November 2, 2026+19.2%+14.2%1.100.84−7.2%−0.18

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.