§ 13F · FUND PROFILE
GQG Partners LLC.
Concentrated quality, emerging markets
AUM · $70277.7T (13F)Positions · 95Turnover · 99% · Q4Filed · Feb 13, 2026
CONCENTRATION
51%
Top 10 holdings
NEW BUYS
+10
+$2924.4T deployed
EXITS
0
No exits
SECTOR SHIFT
OTHER → INSURANCE
-5pp · +3pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 13, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | PM | PHILIP MORRIS INTL INC | 55.10M | $8837.5T | 14.6% | ±0% |
| 2 | CB | CHUBB LIMITED | 12.48M | $3895.6T | 6.4% | +15% |
| 3 | ENB | ENBRIDGE INC | 74.83M | $3585.7T | 5.9% | −3% |
| 4 | PGR | PROGRESSIVE CORP | 10.43M | $2375.7T | 3.9% | +12% |
| 5 | IBN | ICICI BANK LIMITED | 74.63M | $2224.1T | 3.7% | −1% |
| 6 | CI | THE CIGNA GROUP | 7.76M | $2136.7T | 3.5% | +14% |
| 7 | T | AT&T INC | 86.01M | $2136.4T | 3.5% | −19% |
| 8 | AEP | AMERICAN ELEC PWR CO INC | 16.90M | $1949.1T | 3.2% | −11% |
| 9 | HDB | HDFC BANK LTD | 52.96M | $1935.3T | 3.2% | +1% |
| 10 | KO | COCA COLA CO | 26.25M | $1835.2T | 3.0% | +15% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other28.6% (−5pp)
Tobacco19.6% (+1pp)
Insurance15.6% (+3pp)
Energy12.6% (−1pp)
Utilities12.4% (−1pp)
Banking8.7%
§ 03 · THE GQG SIGNAL
AC read
GQG Partners LLC is a Quality / Compounder fund managing $70277732.8 trillion 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 99% quarterly turnover, with 10 new positions and 0 exits last quarter. Top sector allocations: Other (29%), Tobacco (20%), Insurance (16%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Busy quarter
+10 buys · −0 exits · 79 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed