Sanders Capital, LLC Long-Term Concentrated

Location: West Palm Beach, FL

CIK: 0001508097 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 13, 2026

Total Value: $86.82B (100.0% shares, 0.0% debt)

Holdings (44)

GOOG ALPHABET INC 11.5%

Value $10.01B Shares 31,914,021 Est. Cost $121.15 Unrealized +136.4%

TSM TAIWAN SEMICONDUCTOR MFG LTD 11.2%

Value $9.712B Shares 31,958,360 Est. Cost $45.37 Unrealized —

META META PLATFORMS INC 7.6%

Value $6.626B Shares 10,038,174 Est. Cost $240.53 Unrealized +177.4%

MSFT MICROSOFT CORP 6.8%

Value $5.876B Shares 12,150,215 Est. Cost $122.55 Unrealized +308.5%

HCA HCA HEALTHCARE INC 5.6%

Value $4.885B Shares 10,464,168 Est. Cost $149.20 Unrealized +210.8%

STX SEAGATE TECHNOLOGY HLDNGS PL 5.4%

Value $4.731B Shares 17,180,892 Est. Cost $68.04 Unrealized +280.5%

AMZN AMAZON COM INC 4.0%

Value $3.439B Shares 14,900,430 Est. Cost $192.67 Unrealized +18.7%

AAPL APPLE INC 3.4%

Value $2.966B Shares 10,910,255 Est. Cost $82.87 Unrealized +223.8%

ACN ACCENTURE PLC IRELAND 3.4%

Value $2.942B Shares 10,963,615 Est. Cost $293.83 Unrealized -13.5%

BAC BANK AMERICA CORP 2.9%

Value $2.49B Shares 45,271,028 Est. Cost $40.13 Unrealized +31.2%

CRM SALESFORCE INC 2.6%

Value $2.282B Shares 8,615,819 Est. Cost $248.17 Unrealized 0.0%

AMAT APPLIED MATLS INC 2.6%

Value $2.271B Shares 8,835,961 Est. Cost $164.42 Unrealized +45.7%

CI THE CIGNA GROUP 2.5%

Value $2.147B Shares 7,801,089 Est. Cost $194.32 Unrealized +43.7%

DAL DELTA AIR LINES INC DEL 2.4%

Value $2.053B Shares 29,577,814 Est. Cost $43.67 Unrealized +43.0%

ELV ELEVANCE HEALTH INC FORMERLY 2.3%

Value $2.016B Shares 5,750,865 Est. Cost $276.78 Unrealized +21.6%

UNH UNITEDHEALTH GROUP INC 2.3%

Value $1.98B Shares 5,997,142 Est. Cost $246.77 Unrealized +36.6%

RTX RTX CORPORATION 2.0%

Value $1.723B Shares 9,395,871 Est. Cost $89.43 Unrealized +93.8%

UAL UNITED AIRLS HLDGS INC 2.0%

Value $1.698B Shares 15,182,819 Est. Cost $64.11 Unrealized +57.6%

BKNG BOOKING HOLDINGS INC 1.8%

Value $1.593B Shares 297,456 Est. Cost $2258.56 Unrealized +127.5%

SPY SPDR S&P 500 ETF TR 1.6%

Value $1.398B Shares 2,050,638 Est. Cost $610.90 Unrealized —

JPM JPMORGAN CHASE & CO. 1.6%

Value $1.387B Shares 4,305,493 Est. Cost $93.65 Unrealized +230.5%

AZN ASTRAZENECA PLC 1.5%

Value $1.3B Shares 14,139,408 Est. Cost $67.59 Unrealized —

GD GENERAL DYNAMICS CORP 1.4%

Value $1.238B Shares 3,677,624 Est. Cost $215.26 Unrealized +58.4%

V VISA INC 1.3%

Value $1.163B Shares 3,315,303 Est. Cost $314.82 Unrealized +8.1%

CME CME GROUP INC 1.3%

Value $1.141B Shares 4,177,515 Est. Cost $269.96 Unrealized +0.3%

NOC NORTHROP GRUMMAN CORP 1.3%

Value $1.085B Shares 1,903,403 Est. Cost $355.84 Unrealized +62.7%

PG PROCTER AND GAMBLE CO 1.1%

Value $971M Shares 6,775,686 Est. Cost $125.84 Unrealized +17.0%

PDD PDD HOLDINGS INC 1.1%

Value $920M Shares 8,112,327 Est. Cost $103.01 Unrealized —

MA MASTERCARD INCORPORATED 1.0%

Value $884M Shares 1,548,588 Est. Cost $523.79 Unrealized +6.7%

ULTA ULTA BEAUTY INC 0.9%

Value $765M Shares 1,263,736 Est. Cost $391.87 Unrealized +40.3%

TCOM TRIP COM GROUP LTD 0.8%

Value $711M Shares 9,890,637 Est. Cost $52.11 Unrealized —

PEP PEPSICO INC 0.7%

Value $609M Shares 4,245,422 Est. Cost $115.49 Unrealized +26.3%

LMT LOCKHEED MARTIN CORP 0.6%

Value $553M Shares 1,143,227 Est. Cost $463.77 Unrealized +2.7%

VEU VANGUARD INTL EQUITY INDEX F 0.5%

Value $475M Shares 6,463,079 Est. Cost $64.78 Unrealized —

HSBC HSBC HLDGS PLC 0.3%

Value $227M Shares 2,887,470 Est. Cost $39.37 Unrealized —

FISV FISERV INC 0.2%

Value $154M Shares 2,292,304 Est. Cost $168.37 Unrealized -50.2%

ABT ABBOTT LABS 0.2%

Value $144M Shares 1,151,585 Est. Cost $96.07 Unrealized +32.5%

ABBV ABBVIE INC 0.1%

Value $122M Shares 532,163 Est. Cost $28.95 Unrealized +685.9%

TFC TRUIST FINL CORP 0.1%

Value $103M Shares 2,102,622 Est. Cost $40.21 Unrealized +13.9%

SHG SHINHAN FINANCIAL GROUP CO L 0.0%

Value $8.446M Shares 157,486 Est. Cost $36.91 Unrealized —

UL UNILEVER PLC 0.0%

Value $6.431M Shares 98,335 Est. Cost $65.40 Unrealized —

NWG NATWEST GROUP PLC 0.0%

Value $3.596M Shares 205,464 Est. Cost $5.04 Unrealized —

ING ING GROEP N.V. 0.0%

Value $3.569M Shares 128,385 Est. Cost $10.06 Unrealized —

SYF SYNCHRONY FINANCIAL 0.0%

Value $1.655M Shares 19,837 Est. Cost $26.81 Unrealized +184.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	31,914,021	$10.01B	11.5%	$121.15	+136.4%	CAP STK CL C	02079K107
TSM	TAIWAN SEMICONDUCTOR MFG LTD	31,958,360	$9.712B	11.2%	$45.37	—	SPONSORED ADS	874039100
META	META PLATFORMS INC	10,038,174	$6.626B	7.6%	$240.53	+177.4%	CL A	30303M102
MSFT	MICROSOFT CORP	12,150,215	$5.876B	6.8%	$122.55	+308.5%	COM	594918104
HCA	HCA HEALTHCARE INC	10,464,168	$4.885B	5.6%	$149.20	+210.8%	COM	40412C101
STX	SEAGATE TECHNOLOGY HLDNGS PL	17,180,892	$4.731B	5.4%	$68.04	+280.5%	ORD SHS	G7997R103
AMZN	AMAZON COM INC	14,900,430	$3.439B	4.0%	$192.67	+18.7%	COM	023135106
AAPL	APPLE INC	10,910,255	$2.966B	3.4%	$82.87	+223.8%	COM	037833100
ACN	ACCENTURE PLC IRELAND	10,963,615	$2.942B	3.4%	$293.83	-13.5%	SHS CLASS A	G1151C101
BAC	BANK AMERICA CORP	45,271,028	$2.49B	2.9%	$40.13	+31.2%	COM	060505104
CRM	SALESFORCE INC	8,615,819	$2.282B	2.6%	$248.17	0.0%	COM	79466L302
AMAT	APPLIED MATLS INC	8,835,961	$2.271B	2.6%	$164.42	+45.7%	COM	038222105
CI	THE CIGNA GROUP	7,801,089	$2.147B	2.5%	$194.32	+43.7%	COM	125523100
DAL	DELTA AIR LINES INC DEL	29,577,814	$2.053B	2.4%	$43.67	+43.0%	COM NEW	247361702
ELV	ELEVANCE HEALTH INC FORMERLY	5,750,865	$2.016B	2.3%	$276.78	+21.6%	COM	036752103
UNH	UNITEDHEALTH GROUP INC	5,997,142	$1.98B	2.3%	$246.77	+36.6%	COM	91324P102
RTX	RTX CORPORATION	9,395,871	$1.723B	2.0%	$89.43	+93.8%	COM	75513E101
UAL	UNITED AIRLS HLDGS INC	15,182,819	$1.698B	2.0%	$64.11	+57.6%	COM	910047109
BKNG	BOOKING HOLDINGS INC	297,456	$1.593B	1.8%	$2258.56	+127.5%	COM	09857L108
SPY	SPDR S&P 500 ETF TR	2,050,638	$1.398B	1.6%	$610.90	—	TR UNIT	78462F103
JPM	JPMORGAN CHASE & CO.	4,305,493	$1.387B	1.6%	$93.65	+230.5%	COM	46625H100
AZN	ASTRAZENECA PLC	14,139,408	$1.3B	1.5%	$67.59	—	SPONSORED ADR	046353108
GD	GENERAL DYNAMICS CORP	3,677,624	$1.238B	1.4%	$215.26	+58.4%	COM	369550108
V	VISA INC	3,315,303	$1.163B	1.3%	$314.82	+8.1%	COM CL A	92826C839
CME	CME GROUP INC	4,177,515	$1.141B	1.3%	$269.96	+0.3%	COM	12572Q105
NOC	NORTHROP GRUMMAN CORP	1,903,403	$1.085B	1.3%	$355.84	+62.7%	COM	666807102
PG	PROCTER AND GAMBLE CO	6,775,686	$971M	1.1%	$125.84	+17.0%	COM	742718109
PDD	PDD HOLDINGS INC	8,112,327	$920M	1.1%	$103.01	—	SPONSORED ADS	722304102
MA	MASTERCARD INCORPORATED	1,548,588	$884M	1.0%	$523.79	+6.7%	CL A	57636Q104
ULTA	ULTA BEAUTY INC	1,263,736	$765M	0.9%	$391.87	+40.3%	COM	90384S303
TCOM	TRIP COM GROUP LTD	9,890,637	$711M	0.8%	$52.11	—	ADS	89677Q107
PEP	PEPSICO INC	4,245,422	$609M	0.7%	$115.49	+26.3%	COM	713448108
LMT	LOCKHEED MARTIN CORP	1,143,227	$553M	0.6%	$463.77	+2.7%	COM	539830109
VEU	VANGUARD INTL EQUITY INDEX F	6,463,079	$475M	0.5%	$64.78	—	ALLWRLD EX US	922042775
HSBC	HSBC HLDGS PLC	2,887,470	$227M	0.3%	$39.37	—	SPON ADR NEW	404280406
FISV	FISERV INC	2,292,304	$154M	0.2%	$168.37	-50.2%	COM	337738108
ABT	ABBOTT LABS	1,151,585	$144M	0.2%	$96.07	+32.5%	COM	002824100
ABBV	ABBVIE INC	532,163	$122M	0.1%	$28.95	+685.9%	COM	00287Y109
TFC	TRUIST FINL CORP	2,102,622	$103M	0.1%	$40.21	+13.9%	COM	89832Q109
SHG	SHINHAN FINANCIAL GROUP CO L	157,486	$8.446M	0.0%	$36.91	—	SPN ADR RESTRD	824596100
UL	UNILEVER PLC	98,335	$6.431M	0.0%	$65.40	—	SPON ADR NEW	904767803
NWG	NATWEST GROUP PLC	205,464	$3.596M	0.0%	$5.04	—	SPONS ADR	639057207
ING	ING GROEP N.V.	128,385	$3.569M	0.0%	$10.06	—	SPONSORED ADR	456837103
SYF	SYNCHRONY FINANCIAL	19,837	$1.655M	0.0%	$26.81	+184.7%	COM	87165B103