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Exploring the Strategic Moves of a Value Investing Pioneer

Brandes Investment Partners, LP (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into its investment moves during this period. Founded by Charles Brandes in 1974, the firm is a leading investment advisory entity specializing in managing global equity and fixed-income assets. As a disciple of Benjamin Graham, Brandes Investment Partners, LP (Trades, Portfolio) adheres to classic value investing principles, focusing on purchasing undervalued securities and holding them until the market recognizes their intrinsic value. The firm operates several funds, including the U.S. Equity and Global Equity Funds, and was among the first to invest globally using a value approach.

• Warning! GuruFocus has detected 6 Warning Signs with CAE.

Summary of New Buy

Brandes Investment Partners, LP (Trades, Portfolio) added a total of 11 stocks, among them:

• The most significant addition was Evergy Inc (NASDAQ:EVRG), with 904,180 shares, accounting for 0.62% of the portfolio and a total value of $55.65 million.

• The second largest addition to the portfolio was STMicroelectronics NV (NYSE:STM), consisting of 623,529 shares, representing approximately 0.17% of the portfolio, with a total value of $15.57 million.

• The third largest addition was The Timken Co (NYSE:TKR), with 65,066 shares, accounting for 0.05% of the portfolio and a total value of $4.64 million.

Key Position Increases

Brandes Investment Partners, LP (Trades, Portfolio) also increased stakes in a total of 108 stocks, among them:

• The most notable increase was Arch Capital Group Ltd (NASDAQ:ACGL), with an additional 566,751 shares, bringing the total to 1,083,395 shares. This adjustment represents a significant 109.7% increase in share count, a 0.59% impact on the current portfolio, with a total value of $100.05 million.

• The second largest increase was Sysco Corp (NYSE:SYY), with an additional 631,921 shares, bringing the total to 635,102. This adjustment represents a significant 19,865.48% increase in share count, with a total value of $48.56 million.

Summary of Sold Out

Brandes Investment Partners, LP (Trades, Portfolio) completely exited 7 holdings in the fourth quarter of 2024, as detailed below:

• Orange SA (ORANY): Brandes Investment Partners, LP (Trades, Portfolio) sold all 1,848,118 shares, resulting in a -0.24% impact on the portfolio.

• Ribbon Communications Inc (NASDAQ:RBBN): Brandes Investment Partners, LP (Trades, Portfolio) liquidated all 808,799 shares, causing a -0.03% impact on the portfolio.