Brandes Investment Partners, LP Makes Significant Moves with NICE Ltd in Q1 2026

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Exploring the Strategic Portfolio Adjustments by Brandes Investment Partners, LP (Trades, Portfolio)

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Brandes Investment Partners, LP (Trades, Portfolio) recently submitted its 13F filing for the first quarter of 2026, revealing strategic investment decisions made during this period. Founded by Charles Brandes in 1974, the firm is renowned for its disciplined value investing approach, inspired by Benjamin Graham. Brandes Investment Partners, LP (Trades, Portfolio) manages a diverse range of global equity and fixed-income assets, focusing on acquiring undervalued securities and holding them until the market acknowledges their intrinsic value. This philosophy has positioned the firm as a leader in global value investing.Brandes Investment Partners, LP Makes Significant Moves with NICE Ltd in Q1 2026

Summary of New Buy

Brandes Investment Partners, LP (Trades, Portfolio) added a total of 10 stocks to its portfolio. The most significant addition was Arthur J. Gallagher & Co (NYSE:AJG), with 701,260 shares, accounting for 1.07% of the portfolio and valued at $151.88 million. The second largest addition was Equifax Inc (NYSE:EFX), consisting of 747,201 shares, representing approximately 0.95% of the portfolio, with a total value of $134.55 million. The third largest addition was Lamb Weston Holdings Inc (NYSE:LW), with 942,284 shares, accounting for 0.28% of the portfolio and valued at $39.82 million.

Key Position Increases

Brandes Investment Partners, LP (Trades, Portfolio) also increased stakes in a total of 121 stocks. The most notable increase was in NICE Ltd (NASDAQ:NICE), with an additional 1,522,382 shares, bringing the total to 2,229,590 shares. This adjustment represents a significant 215.27% increase in share count, impacting the portfolio by 1.19%, with a total value of $245.84 million. The second largest increase was in Mohawk Industries Inc (NYSE:MHK), with an additional 1,515,848 shares, bringing the total to 2,618,422. This adjustment represents a 137.48% increase in share count, with a total value of $257.81 million.

Summary of Sold Out

Brandes Investment Partners, LP (Trades, Portfolio) completely exited 14 holdings in the first quarter of 2026. Notable exits include Gildan Activewear Inc (NYSE:GIL), with the sale of all 1,598,946 shares, resulting in a -0.76% impact on the portfolio. Another significant exit was UWM Holdings Corp (NYSE:UWMC), with the liquidation of all 10,471,859 shares, causing a -0.35% impact on the portfolio.

Story Continues

Key Position Reduces

Brandes Investment Partners, LP (Trades, Portfolio) reduced positions in 52 stocks. The most significant changes include a reduction in Kennametal Inc (NYSE:KMT) by 4,965,772 shares, resulting in a -48.54% decrease in shares and a -1.07% impact on the portfolio. The stock traded at an average price of $36.45 during the quarter and has returned -13.17% over the past 3 months and 21.60% year-to-date. Another notable reduction was in Cardinal Health Inc (NYSE:CAH) by 523,985 shares, resulting in a -67.01% reduction in shares and a -0.82% impact on the portfolio. The stock traded at an average price of $215.35 during the quarter and has returned -11.45% over the past 3 months and -4.63% year-to-date.

Portfolio Overview

As of the first quarter of 2026, Brandes Investment Partners, LP (Trades, Portfolio)'s portfolio included 186 stocks. The top holdings included 2.93% in CAE Inc (NYSE:CAE), 2.4% in Embraer SA (NYSE:EMBJ), 2.15% in Amdocs Ltd (NASDAQ:DOX), 2.06% in Grifols SA (NASDAQ:GRFS), and 1.96% in Citigroup Inc (NYSE:C). The holdings are mainly concentrated in 11 industries: Healthcare, Industrials, Technology, Financial Services, Energy, Communication Services, Consumer Defensive, Consumer Cyclical, Basic Materials, Utilities, and Real Estate.Brandes Investment Partners, LP Makes Significant Moves with NICE Ltd in Q1 2026Brandes Investment Partners, LP Makes Significant Moves with NICE Ltd in Q1 2026

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