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Funds (13F)

Sanders Capital, LLC

Backtest from 9 Sept 2022 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+21.6%
S&P 500 +17.7%
Last 12 months
+20.6%
S&P 500 +12.1%
Sharpe ratio
1.04
S&P 500 0.84
Biggest drop
−16.9%
S&P 500 −16.9%
$10.0k$20.0k 20222023202420252026 $22.5k$19.7k
Sanders Capital, LLCS&P 500 $10,000 in Sanders Capital, LLC from 9 Sept 2022 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Sanders Capital, LLC'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.

Sanders Capital, LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+21.6%+17.7%
Total return+125%+97%
Last 12 months+20.6%+12.1%
Last 3 months+0.2%—
Last month−3.8%—
This year so far+16.5%—
Volatility a year15.1%14.8%
Sharpe ratio1.040.84
Biggest drop−16.9%−16.9%
Beta to the S&P 5000.931.00
Alpha a year (t-statistic)+4.1% (1.34)—
Share of weeks up62%—

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
TSM14.2%——
AMZN8.0%——
META6.9%——
MSFT6.8%——
NVDA5.1%——
AMAT5.0%——
HCA3.9%——
STX3.8%——
AAPL3.5%——
CI3.2%——
DAL3.1%——
BAC3.0%——
UNH2.8%——
ELV2.6%——
UAL2.3%——
AVGO2.2%——
RTX2.0%——
V1.9%——
CRM1.7%——
DIS1.5%——
AZN1.5%——
BKNG1.5%——
GD1.4%——
JPM1.4%——
MA1.4%——
CME1.3%——
ULTA1.3%——
LMT1.2%——
PG1.1%——
NOC1.1%——
RCL0.9%——
PDD0.7%——
TCOM0.5%——
MKC0.5%——
HSBC0.3%——
ABBV0.1%——
ABT0.1%——
TFC0.1%——
PEP0.1%——
UL0.0%——
NWG0.0%——
SYF0.0%——

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

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest9 Sept 2022 to 2 Nov 2026+21.6%+17.7%1.040.84−16.9%0.93+4.1% (1.34)
Last three years3 Nov 2023 to 2 Nov 2026+27.8%+21.8%1.411.16−16.9%1.00+5.1% (1.45)
Last year7 Nov 2025 to 2 Nov 2026+21.8%+14.2%1.120.84−10.1%1.16+5.2% (0.92)
DateCompanyAction
14 Aug 2026RCLBought
14 Aug 2026MKCBought
14 Aug 2026DISBought
14 Aug 2026AVGOBought
15 May 2026NVDABought
15 May 2026AZNBought
20 Feb 2026ULBought
20 Feb 2026CRMBought
14 Nov 2025LMTBought
14 Nov 2025CMEBought
15 Aug 2025AMATBought
15 Aug 2025ACNBought
16 May 2025ULTABought
14 Feb 2025VBought
14 Feb 2025PDDBought
14 Feb 2025MABought
14 Feb 2025APTVBought
15 Nov 2024WFCBought
15 Nov 2024UNHBought
15 Nov 2024UALBought
15 Nov 2024TSMBought
15 Nov 2024TFCBought
15 Nov 2024TCOMBought
15 Nov 2024SYFBought
15 Nov 2024SUBought

Dated at the rebalance that made the change.

DateCompanyAction
14 Aug 2026ACNSold
15 May 2026FISVSold
20 Feb 2026SLBSold
20 Feb 2026HALSold
20 Feb 2026CSold
20 Feb 2026BABASold
14 Nov 2025SUSold
14 Nov 2025APTVSold
15 Aug 2025WFCSold
15 Aug 2025HUMSold
14 Feb 2025MDTSold
14 Feb 2025BIDUSold

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