Sanders Capital, Llc
- Regulatory AUM
- $122B
- Discretionary
- $122B
- Clients
- 101
- Avg AUM / client
- $1.2B
- Accounts
- 110
- Employees
- 26
AUM over time
Annual snapshots from Form ADV filings · as of Jul 22, 2026
Investments (13F portfolio — 44 positions, $83,933,369,601)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Taiwan Semiconductor Manufac | SPONSORED ADS | $9,482,908,091 | 28,060,092 | 11.3% | 7.76% |
| 2 | Alphabet Inc | CAP STK CL C | $8,242,372,189 | 28,733,083 | 9.82% | 6.75% |
| 3 | Amazon Com Inc | COM | $6,210,335,442 | 29,818,675 | 7.4% | 5.08% |
| 4 | Meta Platforms Inc | CL A | $6,044,438,452 | 10,564,799 | 7.2% | 4.95% |
| 5 | Seagate Technology Hldngs Pl | ORD SHS | $5,052,607,464 | 12,897,201 | 6.02% | 4.14% |
| 6 | Microsoft Corp | COM | $4,587,772,968 | 12,393,692 | 5.47% | 3.75% |
| 7 | Hca Healthcare Inc | COM | $4,238,879,300 | 8,957,145 | 5.05% | 3.47% |
| 8 | Apple Inc | COM | $2,758,606,189 | 10,869,641 | 3.29% | 2.26% |
| 9 | The Cigna Group | COM | $2,744,959,399 | 10,290,382 | 3.27% | 2.25% |
| 10 | Accenture Plc Ireland | SHS CLASS A | $2,220,412,952 | 11,197,806 | 2.65% | 1.82% |
| 11 | Bank America Corp | COM | $2,201,899,001 | 45,167,159 | 2.62% | 1.8% |
| 12 | Applied Matls Inc | COM | $2,110,612,038 | 6,175,172 | 2.51% | 1.73% |
| 13 | Delta Air Lines Inc | COM NEW | $1,958,976,464 | 29,467,155 | 2.33% | 1.6% |
| 14 | State Str Spdr S&P 500 Etf T | TR UNIT | $1,900,949,023 | 2,923,008 | 2.26% | 1.56% |
| 15 | Rtx Corporation | COM | $1,814,663,926 | 9,407,278 | 2.16% | 1.49% |
| 16 | Salesforce Inc | COM | $1,779,395,001 | 9,532,303 | 2.12% | 1.46% |
| 17 | Elevance Health Inc Formerly | COM | $1,725,557,203 | 5,894,303 | 2.06% | 1.41% |
| 18 | Unitedhealth Group Inc | COM | $1,613,984,114 | 5,964,685 | 1.92% | 1.32% |
| 19 | Visa Inc | COM CL A | $1,469,386,003 | 4,861,653 | 1.75% | 1.2% |
| 20 | United Airls Hldgs Inc | COM | $1,399,883,011 | 15,204,551 | 1.67% | 1.15% |
| 21 | Astrazeneca Plc | ORD | $1,393,483,154 | 7,065,628 | 1.66% | 1.14% |
| 22 | Northrop Grumman Corp | COM | $1,273,896,948 | 1,867,227 | 1.52% | 1.04% |
| 23 | Nvidia Corporation | COM | $1,242,688,246 | 7,125,506 | 1.48% | 1.02% |
| 24 | General Dynamics Corp | COM | $1,241,510,486 | 3,617,244 | 1.48% | 1.02% |
| 25 | Cme Group Inc | COM | $1,229,007,467 | 4,161,190 | 1.46% | 1.01% |
Top 25 of 44 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 |
|---|---|---|---|
| Investment companies | 1 | $17.8B | 14.6% |
| Pooled investment vehicles (non-investment companies) | 23 | $20.5B | 16.8% |
| Pension and profit sharing plans | 43 | $41.4B | 33.9% |
| Charitable organizations | 21 | $4.9B | 4.0% |
| State or municipal government entities | Fewer than 5 clients | $146M | 0.12% |
| Insurance companies | Fewer than 5 clients | $1.4B | 1.13% |
| Sovereign wealth funds and foreign official institutions | 13 | $34.7B | 28.4% |
| Corporations and other businesses | Fewer than 5 clients | $1.1B | 0.9% |
| Other | Fewer than 5 clients | $271M | 0.22% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $1.4B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Sanders Capital All Asset Value Fund, L.P. Series I | Hedge Fund | Delaware | $584M | 4 |
| Sanders Capital All Asset Value Fund, L.P. Series I Tax Managed | Hedge Fund | Delaware | $494M | 13 |
| Sanders Capital All Asset Value Fund Series Ii Tax Managed | Hedge Fund | Delaware | $364M | 8 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| The Children's Aid Society Retirement Plan The Children's Aid Society | 2024 | |
| Valeo, Inc. Pension Plan Valeo North America, Inc. | 2024 | |
| Schwan's Company Retirement Savings Plan Schwans Shared Services, Llc | 2024 | |
| Msa Pension Plan Msa Worldwide, Llc | 2024 |
People (6)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Borgia, Michael, Thomas | Chief Financial Officer, Manager, Member | Aug 2009 (17y) | Less than 5% | |
| Sanders, Lewis, Alan | Ceo, Manager, Member | Aug 2009 (17y) | 25% – 50% | |
| Mahedy, John, Patrick | Co Chief Investment Officer, Member, Manager | Oct 2009 (17y) | 10% – 25% | |
| Shabshis, Alex, (Nmn) | Director Of Quantitative Research, Member, Manager | Nov 2009 (17y) | Less than 5% | |
| Frank David Speno | Director Of Marketing And Client Service, Member, Manager | Jan 2010 (17y) | 5% – 10% | |
| D'sidocky, James, Christian | General Counsel, Chief Compliance Officer, Manager, Member | Jan 2023 (4y) | Less than 5% |
Undisclosed: 0% – 60% of the firm is not attributable from the filed Schedule A bands.
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 (3, $1.4B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Sanders Capital All Asset Value Fund, L.P. Series I | Hedge Fund | $584M | $10.0M | 4 |
| Sanders Capital All Asset Value Fund, L.P. Series I Tax Managed | Hedge Fund | $494M | $10.0M | 13 |
| Sanders Capital All Asset Value Fund Series Ii Tax Managed | Hedge Fund | $364M | $10.0M | 8 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (4)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| The Children's Aid Society Retirement Plan | The Children's Aid Society | 195 | $85.1M | 01/01/2024 |
| Valeo, Inc. Pension Plan | Valeo North America, Inc. | 217 | $330M | 01/01/2024 |
| Schwan's Company Retirement Savings Plan | Schwans Shared Services, Llc | 9,135 | $632M | 01/01/2024 |
| Msa Pension Plan | Msa Worldwide, Llc | 1,686 | $575M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 1.61 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
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- State Street $49.9B (41% of AUM) Mar 2026
- J.P. Morgan $24.4B (20% of AUM) Mar 2026
- Brown Brothers Harriman & Co. $22.4B (18% of AUM) Mar 2026
- Northern Trust $4.8B (6% of AUM) Jan 2023
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: Jul 22, 2026.
View current Form ADV (SEC/IAPD) ↗