undamentalytics Newsletter
Sign in

Funds (13F)

Brandes Investment Partners, LP

Backtest from 22 Nov 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+13.0%
S&P 500 +13.6%
Last 12 months
+22.3%
S&P 500 +12.1%
Sharpe ratio
0.64
S&P 500 0.75
Biggest drop
−41.5%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $52.0k$48.4k
StrategyS&P 500 $10,000 in Brandes Investment Partners, LP from 22 Nov 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Brandes Investment Partners, LP's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Brandes Investment Partners, LP's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+13.0%+13.6%
Total return+384%+421%
Last 12 months+22.3%+12.1%
Last 3 months+3.4%—
Last month+6.4%—
This year so far+14.6%—
Volatility a year18.6%16.1%
Sharpe ratio0.640.75
Biggest drop−41.5%−31.8%
Beta to the S&P 5000.981.00
Alpha a year (t-statistic)+0.1% (0.03)—
Share of weeks up59%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
CAE3.6%——
EMBJ3.0%——
MHK2.7%——
OTEX2.3%——
NICE2.0%——
BDX2.0%——
TIGO2.0%——
CNH1.9%——
MRK1.9%——
C1.8%——
CI1.8%——
DOX1.8%——
TXT1.8%——
BAC1.7%——
HXL1.7%——
ICLR1.6%——
EPC1.5%——
WFC1.5%——
AJG1.5%——
PFE1.4%——
EFX1.4%——
UNH1.4%——
FDX1.4%——
CVS1.4%——
PGR1.4%——
HAL1.3%——
PNC1.3%——
SHEL1.3%——
ACGL1.2%——
ARLO1.1%——
WKC1.1%——
INVX1.1%——
CPB1.1%——
ZTS1.1%——
CMCSA1.1%——
GHM1.1%——
HCA0.9%——
EMR0.9%——
INGR0.9%——
GLOB0.9%——
WLK0.9%——
IMKTA0.9%——
MCK0.8%——
PZZA0.8%——
KNX0.8%——
CTSH0.8%——
PBH0.8%——
PKE0.8%——
SLB0.8%——
SAP0.7%——
EPAM0.7%——
BABA0.7%——
JBS0.7%——
SMG0.7%——
SSNC0.7%——
IFF0.7%——
ARW0.7%——
SYY0.7%——
TAP0.7%——
GOOGL0.7%——
OMC0.7%——
ORN0.7%——
TSM0.6%——
CVX0.6%——
WTW0.6%——
AMX0.6%——
FISV0.6%——
GSK0.6%——
EVRG0.6%——
CTVA0.6%——
AZO0.6%——
TGT0.6%——
ELAN0.6%——
JNJ0.6%——
LH0.6%——
KVUE0.6%——
UBS0.5%——
FSTR0.5%——
ABEV0.5%——
KMT0.5%——
CAH0.5%——
LKQ0.5%——
PHG0.5%——
COF0.5%——
ALSN0.5%——
VIV0.4%——
STT0.4%——
NTES0.4%——
JPM0.4%——
FLEX0.4%——
TFC0.3%——
LW0.3%——
NTGR0.3%——
ETR0.3%——
HMC0.3%——
SON0.3%——
WRB0.3%——
TCOM0.3%——
UTMD0.3%——
CAG0.3%——
UNF0.2%——
AOUT0.2%——
BRC0.2%——
MTX0.2%——
TKR0.1%——
WPP0.1%——
MSM0.1%——
IPGP0.1%——
XRAY0.1%——
MD0.1%——
OGN0.1%——
HURC0.1%——
HDB0.1%——
SCHL0.1%——
RGP0.1%——
OMF0.1%——
HCSG0.1%——
ZBH0.1%——
LNSR0.1%——
CFG0.1%——
FTRE0.1%——
IQV0.0%——
FFIV0.0%——
FBIN0.0%——
TFX0.0%——
SEIC0.0%——
MU0.0%——
BRO0.0%——
AVT0.0%——
LEVI0.0%——
COO0.0%——
AGCO0.0%——
TIMB0.0%——
SHC0.0%——
TSN0.0%——
ZBRA0.0%——
MZTI0.0%——
TRU0.0%——
WHR0.0%——
EXE0.0%——
MAT0.0%——
UTHR0.0%——
HSIC0.0%——
LSTR0.0%——
STM0.0%——
VTMX0.0%——
ORI0.0%——
WTM0.0%——
WFG0.0%——
CNA0.0%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest22 Nov 2013 to 2 Nov 2026+13.0%+13.6%0.640.75−41.5%0.98+0.1% (0.03)
2018 onwards5 Jan 2018 to 2 Nov 2026+12.7%+13.9%0.550.66−41.5%0.97−0.1% (−0.04)
Last three years3 Nov 2023 to 2 Nov 2026+24.9%+21.8%1.341.16−12.4%0.70+7.4% (1.26)
Last year7 Nov 2025 to 2 Nov 2026+22.6%+14.2%1.420.84−7.8%0.40+13.0% (1.17)
DateCompanyAction
21 Aug 2026ZTSBought
21 Aug 2026ZBRABought
21 Aug 2026MATBought
21 Aug 2026FDXFBought
21 Aug 2026FBINBought
21 Aug 2026COOBought
21 Aug 2026COFBought
21 Aug 2026BROBought
22 May 2026WATBought
22 May 2026TSNBought
22 May 2026TRUBought
22 May 2026TFXBought
22 May 2026NTESBought
22 May 2026LWBought
22 May 2026EFXBought
22 May 2026CAGBought
22 May 2026AJGBought
13 Feb 2026WFGBought
13 Feb 2026UWMCBought
13 Feb 2026TCOMBought
13 Feb 2026RTOBought
13 Feb 2026PGRBought
13 Feb 2026NICEBought
13 Feb 2026JBSBought
13 Feb 2026GILBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026ZTOSold
21 Aug 2026WATSold
21 Aug 2026NWGSold
21 Aug 2026NTRSold
21 Aug 2026NPKSold
21 Aug 2026NKSHSold
21 Aug 2026MOVSold
21 Aug 2026HTLDSold
22 May 2026UWMCSold
22 May 2026SEBSold
22 May 2026RTOSold
22 May 2026HSBCSold
22 May 2026GTESold
22 May 2026GILSold
22 May 2026AIGSold
13 Feb 2026PAHCSold
13 Feb 2026CRHSold
21 Nov 2025UWMCSold
21 Nov 2025NTESSold
21 Nov 2025DGXSold
21 Nov 2025BUDSold
15 Aug 2025WMKSold
15 Aug 2025SXTSold
15 Aug 2025NWNSold
15 Aug 2025GDSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest