§ 13F · FUND PROFILE
GQG Partners LLC.
Concentrated quality, emerging markets
AUM · $65.1B (13F)Positions · 95Turnover · 92% · Q1Filed · May 12, 2026
CONCENTRATION
51%
Top 10 holdings
NEW BUYS
+10
+$5.1B deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → ENERGY
-9pp · +14pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 12, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | PM | PHILIP MORRIS INTL INC | 50.11M | $8.3B | 13.1% | −9% |
| 2 | CB | CHUBB LTD SWITZ | 12.42M | $4.0B | 6.4% | ±0% |
| 3 | ENB | ENBRIDGE INC | 71.46M | $3.9B | 6.1% | −5% |
| 4 | PBR | PETROLEO BRASILEIRO S A | 173.44M | $3.6B | 5.7% | +28% |
| 5 | T | AT&T INC | 81.35M | $2.4B | 3.7% | −5% |
| 6 | VZ | VERIZON COMMUNICATIONS INC | 45.71M | $2.3B | 3.6% | +4% |
| 7 | CVX | CHEVRON CORPORATION | 10.27M | $2.1B | 3.4% | +631% |
| 8 | IBN | ICICI BANK LIMITED | 77.37M | $2.0B | 3.2% | +4% |
| 9 | AEP | AMERICAN ELEC PWR CO INC | 15.03M | $2.0B | 3.1% | −11% |
| 10 | PGR | PROGRESSIVE CORP | 9.14M | $1.8B | 2.9% | −12% |
§ 02 · SECTOR ALLOCATION
Where the money is
Energy27.0% (+14pp)
Other20.1% (−8pp)
Tobacco18.2% (−1pp)
Insurance13.5% (−2pp)
Utilities11.8% (−1pp)
Telecommunication7.4%
§ 03 · THE GQG SIGNAL
AC read
GQG Partners LLC is a Quality / Compounder fund managing $65.1 billion in assets. The fund runs a portfolio of 95 positions, moderate concentration, with the top 10 positions making up 51% of the portfolio. Trading activity is aggressive at 92% quarterly turnover, with 10 new positions and 0 exits last quarter. Top sector allocations: Energy (27%), Other (20%), Tobacco (18%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
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
Q2 2025
Busy quarter
+20 buys · −0 exits · 70 changed