§ 13F · FUND PROFILE
GQG Partners LLC.
Concentrated quality, emerging markets
AUM · $53.8B (13F)Positions · 106Turnover · 92% · Q2Filed · Aug 12, 2026
CONCENTRATION
53%
Top 10 holdings
NEW BUYS
+29
+$5.5B deployed
EXITS
0
No exits
SECTOR SHIFT
ENERGY → TOBACCO
-6pp · +3pp
§ 01 · TOP HOLDINGS
The book · Q2 2026
FILED AUG 12, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | PM | PHILIP MORRIS INTL INC | 45.44M | $8.2B | 15.3% | −9% |
| 2 | CB | CHUBB LIMITED | 12.47M | $4.3B | 7.9% | ±0% |
| 3 | PBR | PETROLEO BRASILEIRO S A | 193.20M | $3.1B | 5.8% | +11% |
| 4 | ENB | ENBRIDGE INC | 48.83M | $2.6B | 4.9% | −36% |
| 5 | XOM | EXXON MOBIL CORP | 16.88M | $2.3B | 4.3% | +153% |
| 6 | MO | ALTRIA GROUP INC | 25.11M | $1.8B | 3.4% | +5% |
| 7 | CI | THE CIGNA GROUP | 5.91M | $1.6B | 3.0% | −2% |
| 8 | PGR | PROGRESSIVE CORP | 7.04M | $1.5B | 2.9% | −23% |
| 9 | VZ | VERIZON COMMUNICATIONS INC | 35.88M | $1.5B | 2.8% | −22% |
| 10 | BTI | BRITISH AMERN TOB PLC | 24.57M | $1.5B | 2.8% | −11% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other23.4% (+3pp)
Energy21.5% (−5pp)
Tobacco21.5% (+3pp)
Insurance15.8% (+2pp)
Utilities12.3% (±0)
Health Care5.1%
§ 03 · THE GQG SIGNAL
AC read
GQG Partners LLC is a Quality / Compounder fund managing $53.8 billion in assets. The fund runs a portfolio of 106 positions, moderate concentration, with the top 10 positions making up 53% of the portfolio. Trading activity is aggressive at 92% quarterly turnover, with 29 new positions and 0 exits last quarter. Top sector allocations: Other (23%), Energy (22%), Tobacco (22%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
4 OF 2 FILINGS MEASURED
Q2 2026
Busy quarter
+29 buys · −0 exits · 68 changed
Q1 2026
Busy quarter
+10 buys · −0 exits · 69 changed
Q4 2025
Busy quarter
+10 buys · −0 exits · 76 changed
Q3 2025
Busy quarter
+10 buys · −0 exits · 79 changed