Brandes Investment Partners, Lp
SEC-registered
Investment Adviser · Large ($10B–$100B)
CRD 105404
· SEC file 801-24896
· La Jolla, CA
· X.COM
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ADV data as of Apr 10, 2026
- Regulatory AUM
- $40.6B
- Discretionary
- $39.7B
- Clients
- 13,504
- Avg AUM / client
- $3.0M
- Accounts
- 13,504
- Employees
- 149
AUM over time
$17.5B
$40.6B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Apr 10, 2026
Asset allocation (SMA assets by investment type)
as of Apr 10, 2026
Exchange-traded equities
$37.0B
91%
Non-exchange-traded equities
$1.6B
4%
US government & agency bonds
$813M
2%
Cash & equivalents
$813M
2%
Registered investment companies (funds/ETFs)
$406M
1%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Investments (13F portfolio — 186 positions, $14,129,283,803)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Cae Inc | COM | $413,535,711 | 15,874,667 | 2.93% | 1.02% |
| 2 | Embraer S.A. | SPONSORED ADS | $338,473,622 | 5,703,945 | 2.4% | 0.83% |
| 3 | Amdocs Ltd | SHS | $303,791,611 | 4,655,087 | 2.15% | 0.75% |
| 4 | Grifols S A | SP ADR REP B NVT | $291,396,445 | 36,333,714 | 2.06% | 0.72% |
| 5 | Citigroup Inc | COM NEW | $277,230,683 | 2,444,489 | 1.96% | 0.68% |
| 6 | Merck & Co Inc | COM | $276,976,426 | 2,302,562 | 1.96% | 0.68% |
| 7 | Open Text Corp | COM | $269,904,986 | 12,135,998 | 1.91% | 0.66% |
| 8 | The Cigna Group | COM | $269,119,147 | 1,008,869 | 1.9% | 0.66% |
| 9 | Mohawk Inds Inc | COM | $257,811,133 | 2,618,422 | 1.82% | 0.63% |
| 10 | Shell Plc | SPON ADS | $256,008,485 | 2,752,755 | 1.81% | 0.63% |
| 11 | Pfizer Inc | COM | $255,731,055 | 9,107,225 | 1.81% | 0.63% |
| 12 | Fedex Corp | COM | $251,633,913 | 706,467 | 1.78% | 0.62% |
| 13 | Textron Inc | COM | $248,737,250 | 2,840,753 | 1.76% | 0.61% |
| 14 | Nice Ltd | SPONSORED ADR | $245,837,015 | 2,229,590 | 1.74% | 0.6% |
| 15 | Halliburton Co | COM | $245,299,785 | 6,291,344 | 1.74% | 0.6% |
| 16 | Millicom Intl Cellular S A | COM STK | $244,380,705 | 3,261,016 | 1.73% | 0.6% |
| 17 | Becton Dickinson & Co | COM | $238,300,341 | 1,515,604 | 1.69% | 0.59% |
| 18 | Bank America Corp | COM | $222,635,604 | 4,566,877 | 1.58% | 0.55% |
| 19 | Wells Fargo & Co | COM | $219,317,737 | 2,754,893 | 1.55% | 0.54% |
| 20 | Westlake Corporation | COM | $215,259,803 | 1,842,650 | 1.52% | 0.53% |
| 21 | Kennametal Inc | COM | $190,234,567 | 5,265,280 | 1.35% | 0.47% |
| 22 | Cognizant Technology Solutio | CL A | $186,679,040 | 3,042,840 | 1.32% | 0.46% |
| 23 | Comcast Corp New | CL A | $184,597,984 | 6,429,738 | 1.31% | 0.45% |
| 24 | Hexcel Corp New | COM | $180,824,523 | 2,234,325 | 1.28% | 0.44% |
| 25 | Epam Sys Inc | COM | $179,414,106 | 1,325,054 | 1.27% | 0.44% |
Top 25 of 186 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 9,723 | $1.6B | 3.99% |
| High net worth individuals | 1,444 | $1.8B | 4.49% |
| Banking or thrift institutions | Fewer than 5 clients | — | — |
| Investment companies | 10 | $5.9B | 14.6% |
| Pooled investment vehicles (non-investment companies) | 27 | $3.7B | 9.09% |
| Pension and profit sharing plans | 209 | $642M | 1.58% |
| Charitable organizations | 112 | $165M | 0.4% |
| State or municipal government entities | 24 | $15.0B | 36.9% |
| Other investment advisers | 3 | $9.7B | 23.8% |
| Insurance companies | Fewer than 5 clients | — | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | — | — |
| Corporations and other businesses | 1,951 | $2.1B | 5.08% |
| Other | 1 | $33.0M | 0.08% |
Private funds (18)
View all →Reported in Form ADV Section 7.B.(1), filing of Nov 2024 · $1.5B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Brandes Non U.S. Small Cap Portfolio Ii | Other Private Fund | California | $459M | 25 |
| Brandes Emerging Markets Equity Portfolio Ii | Other Private Fund | California | $357M | 28 |
| Brandes Non U.S. Equity Portfolio | Other Private Fund | California | $162M | 11 |
| Brandes Global Small Cap Portfolio | Other Private Fund | California | $125M | 11 |
| Brandes Global Equity Portfolio | Other Private Fund | California | $104M | 10 |
| Brandes Global Small Mid Cap Portfolio | Other Private Fund | California | $88.6M | 13 |
| Brandes Core Plus Fixed Income Portfolio | Other Private Fund | California | $58.6M | 7 |
| Brandes Global Opportunities Value Portfolio | Other Private Fund | California | $38.6M | 8 |
| Brandes U.S. Equity Portfolio | Other Private Fund | California | $36.9M | 5 |
| Brandes Asia (Ex Japan) Equity Portfolio | Other Private Fund | California | $23.2M | 13 |
| Brandes Japan Equity Portfolio | Other Private Fund | California | $13.7M | 10 |
| Brandes Europe Equity Portfolio | Other Private Fund | California | $12.7M | 8 |
| Brandes Non U.S. Small Mid Cap Portfolio | Other Private Fund | California | $9.5M | 6 |
| Brandes U.S. Small Cap Portfolio | Other Private Fund | California | $8.5M | 3 |
| Brandes U.S. Small Mid Cap Portfolio | Other Private Fund | California | $6.5M | 6 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Local 18 Int'l Assoc. Of Heat & Frost Insulators & Allied Workers Supplemental Pension Fund Board Of Trustees Local 18 Int'l Heat & Frost Insulators | 2024 | |
| Enbridge Gas Ohio Union Pension Plan Enbridge Employee Services, Inc. | 2024 | |
| Enbridge Employee Services, Inc. Employees' Pension Plan Enbridge Employee Services, Inc. | 2024 | |
| Alaska Electrical Pension Plan Joint Board Of Trustees Alaska Electrical Pension Fund | 2024 | |
| Bunzl Usa, Llc Retirement Plan Bunzl Usa, Llc | 2024 | |
| Pha America, Inc. 401(k) Plan Pha America Inc | 2024 |
People (33)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Glenn Richard Carlson | Executive Director | CFA | May 1996 (30y) | ≈ 0% – 3.75% via Co Gp, Llc |
| Scafidi, Joseph | Trading Director | Apr 2007 (19y) | Less than 5% | |
| Loubier, Roberta, Lyn | Global Head Of Compliance (Chief Compliance Officer) | Aug 2010 (16y) | Less than 5% | |
| Farnsworth, Stephen, Kent | Operations Director | Sep 2011 (15y) | Less than 5% | |
| Little, Kenneth, Daniel | Managing Director Of Investments | Feb 2013 (14y) | Less than 5% | |
| Kaligian, Karen, Michele | Director Of Human Resources | Jan 2021 (6y) | Less than 5% | |
| Nakagawa, Jon, Kazumi | Finance Director | Mar 2022 (4y) | Less than 5% | |
| Murray, Oliver, Michael | Chief Executive Officer | May 2024 (2y) | Less than 5% | |
| Woods, Brent, Vardeman | Executive Director | May 2024 (2y) | Less than 5% | |
| Turner, Dylan | Managing Director Portfolio Management And Client Service | Sep 2024 (2y) | Less than 5% | |
| Lawrence Alan Taylor | Registered representative | May 1996 (30y) | ||
| Matthew Cummings Johnson | Registered representative | May 1996 (30y) | ||
| Ray Edens Lewis | Registered representative | Jul 1997 (29y) | ||
| Marsha Claire Otto | Registered representative | Feb 1999 (27y) | ||
| Timothy M Doyle | Registered representative | CFA | Apr 2000 (26y) | |
| Charles S Gramling | Registered representative | Jun 2000 (26y) | ||
| Grant Whalen Duncan | Registered representative | Aug 2000 (26y) | ||
| Michelle Lynn Isenberg | Registered representative | Nov 2000 (26y) | ||
| Pranav Sumant Jaiswal | Registered representative | Aug 2002 (24y) | ||
| Rhonda Kay Berger | Registered representative | Jan 2003 (24y) | ||
| Chad Michael Jensen | Registered representative | May 2006 (20y) | ||
| Anthony Theodore Bregante | Registered representative | May 2006 (20y) | ||
| Michael James Martin | Registered representative | Mar 2007 (19y) | ||
| Robert Paul Marshall | Registered representative | Dec 2012 (14y) | ||
| Javier Ignacio Fernandez | Registered representative | Jun 2014 (12y) | ||
| Sarah Scripp Sondag | Registered representative | Oct 2014 (12y) | ||
| Tony Kiggins Pamaran | Registered representative | Jul 2015 (11y) | ||
| Kevin M. Grieve | Registered representative | Jan 2020 (7y) | ||
| John Philip Kelly | Registered representative | Feb 2020 (6y) | ||
| Timothy James Newburn | Registered representative | Jul 2020 (6y) | ||
| Jerome Walter Butkiewicz | Registered representative | Apr 2024 (2y) | ||
| Michael Bruce Israel | Registered representative | CFA | Jan 2026 (1y) | |
| Daniel Charles Mottram | Registered representative | May 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Brandes Worldwide Holdings, L.P. | Limited Partner | Oct 2004 | A | 75% or more |
| Co Gp, Llc | General Partner | Feb 2018 | A | Less than 5% |
| Co Gp, Llc | General Partner | Feb 2018 | B | GP / trustee / elected manager of Brandes Worldwide Holdings, L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Glenn Richard Carlson: 50% – 75% of Co Gp, Llc × 0% – 5% direct ≈ 0% – 3.75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (18, $1.5B gross assets)
From Form ADV Section 7.B private fund reporting.
Retirement plans served (6)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Local 18 Int'l Assoc. Of Heat & Frost Insulators & Allied Workers Supplemental Pension Fund | Board Of Trustees Local 18 Int'l Heat & Frost Insulators | 676 | $63.2M | 06/01/2024 |
| Enbridge Gas Ohio Union Pension Plan | Enbridge Employee Services, Inc. | 973 | $471M | 03/07/2024 |
| Enbridge Employee Services, Inc. Employees' Pension Plan | Enbridge Employee Services, Inc. | 5,354 | $1.1B | 01/01/2024 |
| Alaska Electrical Pension Plan | Joint Board Of Trustees Alaska Electrical Pension Fund | 3,855 | $2.1B | 01/01/2024 |
| Bunzl Usa, Llc Retirement Plan | Bunzl Usa, Llc | 143 | $102M | 01/01/2024 |
| Pha America, Inc. 401(k) Plan | Pha America Inc | 199 | $3.4M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/10/2026 | 4.49 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $5.2B (13% of AUM) Apr 2026
- Northern Trust $3.9B (10% of AUM) Apr 2026
- J.P. Morgan $1.8B (4% of AUM) Apr 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 10, 2026.
View current Form ADV (SEC/IAPD) ↗