Charles Brandes

Charles Brandes

Last Update: 06-01-2016

Number of Stocks: 187
Number of New Stocks: 29

Total Value: $6,992 Mil
Q/Q Turnover: 7%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Charles Brandes' s Profile & Performance

Profile

Charles Brandes is the chairman of Brandes Investment Partners. He started the firm in 1974. He manages multiple portfolios including US equity and Global Equity. Charles Brandes is listed as #488 in the Forbes List of World's Richest People with a net worth of $2 billion. He is author of the book Value Investing Today

Web Page:http://www.brandes.com/

Investing Philosophy

Charles Brandes is a Benjamin Graham disciple. Brandes consistently applies value investing to all portfolios managed by the Partnership. He seeks to purchase out-of-favor securities that are trading at discounts to their intrinsic values, and then hold them until the market recognizes their true worth.

Total Holding History

Performance of U. S. Value Equity

YearReturn (%)S&P500 (%)Excess Gain (%)
2015-4.341.19-5.5
201413.4513.69-0.2
201337.632.395.2
3-Year Cumulative49.3 (14.3%/year)52.3 (15.1%/year)-3 (-0.8%/year)
201218.54162.5
2011-1.042.11-3.1
5-Year Cumulative75.2 (11.9%/year)80.4 (12.5%/year)-5.2 (-0.6%/year)
201015.9515.060.9
20093526.468.5
2008-55.44-37-18.4
2007-15.265.49-20.8
200626.6715.7910.9
10-Year Cumulative31.2 (2.7%/year)102 (7.3%/year)-70.8 (-4.6%/year)
2005-4.594.91-9.5
200413.6110.882.7
200342.7828.6814.1
2002-22.08-22.10.0
200116.06-11.8927.9
15-Year Cumulative83.6 (4.1%/year)107.5 (5%/year)-23.9 (-0.9%/year)
200034.04-9.143.1
1999-12.4521.04-33.5
19981.6928.58-26.9
199732.9933.36-0.4
199629.4722.966.5
20-Year Cumulative277.2 (6.9%/year)381.4 (8.2%/year)-104.2 (-1.3%/year)
199520.9837.58-16.6
1994-3.541.32-4.9
19932410.0813.9
0000.0

Top Ranked Articles

Charles Brandes Continues to Buy Avon, Higher One Holdings Guru adds to several holdings for 2nd consecutive quarter
Charles Brandes (Trades, Portfolio) is the chairman of Brandes Investment Partners, the firm he started in 1974. In both fourth quarter 2015 and first quarter 2016, the guru bought shares in the following stocks: Read more...
Brandes Investments Comments on Citigroup Guru stock highlight
Citigroup (NYSE:C) has energy-loan exposure of less than 4% of total loans, and is, in our view, positioned to benefit from an eventual increase in interest rates. At its current valuation (as of March 31) of just 60% of book value and 7.7x earnings on depressed net interest margins, we believe the stock offers a compelling investment opportunity. Read more...
Brandes Investments Comments on Credit Suisse Guru stock highlight
Credit Suisse (NYSE:CS) declined over 30% during the quarter as the market remained concerned about the company’s restructuring/turnaround and the possible negative effect on financial results over the next year. Nonetheless, we continue to believe Credit Suisse has an economically attractive business model and is significantly discounted at its current valuation of 0.7x tangible book value. Accordingly, we increased our allocation during the quarter. Read more...
Brandes Investments Comments on Express Scripts Guru stock highlight
Express Scripts (NASDAQ:ESRX) declined 20% during the quarter due to a dispute with its largest client, health insurer Anthem (which accounts for 15%-20% of Express Scripts’ sales), as Anthem believes that Express Scripts needs to pass on larger drug cost savings to its customers. Under the existing contract, Anthem is entitled to a good-faith repricing of the contract terms, the deadline for which was December 15, 2015. As the deadline has passed and Express Scripts still has not provided Anthem with an offer that Anthem deems acceptable, Anthem has recently decided to take legal action against Express Scripts. Express Scripts’ CEO stated the company intends to resolve the dispute and keep Anthem as a customer. Read more...
Brandes Investments Comments on Total Guru stock highlight
We purchased France-based Total (NYSE:TOT), a vertically integrated oil company operating at all levels within the oil & gas industry, including exploration & production as well as refining & marketing. We had owned Total in the past and sold it in 2014 after the company had several positive developments. However, over the past year the stock declined significantly with the fall in oil prices and has traded near book value. We believe the company has positive attributes, including: Read more...
» More Charles Brandes Articles

Commentaries and Stories

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Charles Brandes Continues to Buy Avon, Higher One Holdings Guru adds to several holdings for 2nd consecutive quarter Charles Brandes - Charles Brandes Continues To Buy Avon, Higher One Holdings
Charles Brandes (Trades, Portfolio) is the chairman of Brandes Investment Partners, the firm he started in 1974. In both fourth quarter 2015 and first quarter 2016, the guru bought shares in the following stocks: More...

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Brandes Investments Comments on Chesapeake Guru stock highlight
The uncertainty with Chesapeake (NYSE:CHK) is (and has been) the natural gas price. We believe that supply and demand warrant a much higher price than the current sub-$2 per mmBtu level (currently even lower in Pennsylvania where Chesapeake has a significant percentage of its acreage), likely in the $4-$6 range in the medium to long term. At the current natural gas price, producers are cutting capex significantly, which could ultimately impact the supply of natural gas. The path of natural gas prices is uncertain with a lag between capex cuts and changes to production levels. At higher long-term price levels we believe that Chesapeake’s enterprise value would be substantially more than what was valued by the market. More...

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Brandes Investments Comments on Total Guru stock highlight
We purchased France-based Total (NYSE:TOT), a vertically integrated oil company operating at all levels within the oil & gas industry, including exploration & production as well as refining & marketing. We had owned Total in the past and sold it in 2014 after the company had several positive developments. However, over the past year the stock declined significantly with the fall in oil prices and has traded near book value. We believe the company has positive attributes, including: More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Brandes Investments Comments on Express Scripts Guru stock highlight
Express Scripts (NASDAQ:ESRX) declined 20% during the quarter due to a dispute with its largest client, health insurer Anthem (which accounts for 15%-20% of Express Scripts’ sales), as Anthem believes that Express Scripts needs to pass on larger drug cost savings to its customers. Under the existing contract, Anthem is entitled to a good-faith repricing of the contract terms, the deadline for which was December 15, 2015. As the deadline has passed and Express Scripts still has not provided Anthem with an offer that Anthem deems acceptable, Anthem has recently decided to take legal action against Express Scripts. Express Scripts’ CEO stated the company intends to resolve the dispute and keep Anthem as a customer. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Brandes Investments Comments on Credit Suisse Guru stock highlight
Credit Suisse (NYSE:CS) declined over 30% during the quarter as the market remained concerned about the company’s restructuring/turnaround and the possible negative effect on financial results over the next year. Nonetheless, we continue to believe Credit Suisse has an economically attractive business model and is significantly discounted at its current valuation of 0.7x tangible book value. Accordingly, we increased our allocation during the quarter. More...

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Rating: 0.0/5 (0 votes)

Brandes Investments Comments on Citigroup Guru stock highlight
Citigroup (NYSE:C) has energy-loan exposure of less than 4% of total loans, and is, in our view, positioned to benefit from an eventual increase in interest rates. At its current valuation (as of March 31) of just 60% of book value and 7.7x earnings on depressed net interest margins, we believe the stock offers a compelling investment opportunity. More...

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Rating: 5.0/5 (1 vote)

Brandes Global Equity Fund 1st Quarter Commentary Review of quarter and holdings Charles Brandes - Brandes Global Equity Fund 1st Quarter Commentary
Equity markets worldwide closed a volatile first quarter of 2016 with mixed performance. After posting losses through mid-February, many markets recovered, fueled by a rebound in oil prices and data pointing to the U.S. economy’s relative strength. Federal Reserve officials gave upbeat assessments of the economy while scaling back the number of rate increases expected this year, citing risks posed by global economic and financial developments. More...

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Charles Brandes Sells Out Stake in OmniVision Technologies Company has seen significant decreases in its financial statements over the past 12 months Charles Brandes - Charles Brandes Sells Out Stake In OmniVision Technologies
Guru Charles Brandes (Trades, Portfolio) sold out his 1,622,993-share stake in Omnivision Technologies (NASDAQ:OVTI) for an average price of $28.16 per share in the first quarter. More...

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Brandes Funds Comments on Publicis Guru stock highlight
Publicis (XPAR:PUB) is the world’s third-largest global ad agency holding company, with many valuable brands such as Saatchi & Saatchi, Leo Burnett, Razorfish, ZenithOptimedia, and Starcom MediaVest. Publicis has historically been a well-run company with a sound balance sheet and industry-leading margins. More...

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Brandes Funds Comments on Credit Suisse Guru stock highlight
Credit Suisse (NYSE:CS) saw its shares fall over 30% in the quarter as the market remained concerned about the company’s restructuring and its negative effect on financial results over the next year. Nonetheless, we continue to believe Credit Suisse has an economically attractive business model and is significantly discounted at its valuation of 0.7x tangible book value as of March 31. More...

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Rating: 5.0/5 (1 vote)

Brandes Funds Comments on Barclays Guru stock highlight
Barclays (LSE:BARC) declined as it announced a dividend cut and a rationalization of some of its businesses in efforts to focus on its core U.K. and U.S. markets and improve its capital position. Trading at 50% of tangible book value at quarter end, Barclays offers, in our opinion, an attractive risk/reward tradeoff as we believe it should see the benefits of its restructuring over the next couple of years. More...

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Rating: 5.0/5 (1 vote)

Brandes International Equity Fund Q1 Commentary Discussion of quarter, economy and holdings Charles Brandes - Brandes International Equity Fund Q1 Commentary
Market Overview More...

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Rating: 5.0/5 (1 vote)

Brandes Funds Comments on Embraer Guru stock highlight
Brazilian regional jet manufacturer Embraer (NYSE:ERJ) also weighed on returns as the real’s appreciation presented a headwind for the company, which derives the majority of its sales outside Brazil. Moreover, Embraer’s 2015 earnings indicated margin compression and the company issued guidance that was lower than market expectations. Pressure on the defense segment also hurt performance. More...

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The Investors’ Dilemma: Why 2016 May Be a Turning Point - Brandes Investment Funds On 'short-termism' by Barry Gillman, CFA Charles Brandes - The Investors’ Dilemma: Why 2016 May Be A Turning Point - Brandes Investment Funds
Many institutional investors ostensibly support the idea of focusing on long-term horizons. “Short-termism” suggests speculation, with exposure to the randomness of volatile markets. For institutions, the investors’ dilemma is that their obligations are long term but regulatory and behavioral pressures increasingly exert short-term influences on their decisions. Institutional funds and their investment managers are stewards of the capital entrusted to them, with liabilities that may have a multi-decade or even a multi-generational time horizon. They must maintain a long-term perspective. More...

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Avon's Price Looks Attractive Enough Revenue growth is negative and impacts margins but is still a good opportunity Jim Simons,Charles Brandes,Donald Yacktman,Wallace - Avon's Price Looks Attractive Enough
Avon Products Inc. (NYSE:AVP) is a $1.64 billion market cap company, which is the world's leading direct marketer of cosmetics, toiletries, fashion jewelry and fragrances, with about 6 million sales representatives worldwide. More...

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Charles Brandes Trims Stake in South American Petroleum Company Guru sells more than 22 million shares Charles Brandes - Charles Brandes Trims Stake In South American Petroleum Company
Charles Brandes (Trades, Portfolio) of Brandes Investment bought more than two dozen new stakes in the first quarter, but most were comparatively small investments in companies serving primarily the Northern Hemisphere. His largest transaction was his reduction of a South American stake. More...

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Rating: 5.0/5 (1 vote)

Brandes Emerging Markets Value Fund 1st Quarter Commentary Market and holdings overview Charles Brandes - Brandes Emerging Markets Value Fund 1st Quarter Commentary
Market Overview More...

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Charles Brandes' Top Buys During the 4th Quarter Credit Suisse, Exelon are his heavily weighted buys Charles Brandes,Ken Fisher,Dodge & Cox,Jeff Auxier - Charles Brandes' Top Buys During The 4th Quarter
Charles Brandes (Trades, Portfolio), chairman of Brandes Investment Partners, increased his stakes in many stocks in the fourth quarter. More...

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Charles Brandes Bets on Aaron's, Small-Cap ETF Brandes re-opens stake in Aaron's after selling out in 3rd quarter Charles Brandes, Jim Simons, Jeremy Grantham - Charles Brandes Bets On Aaron's, Small-Cap ETF
Charles Brandes (Trades, Portfolio) is the portfolio manager for the US Equity and Global Equity strategies at Brandes Investment Partners, the firm he founded in 1974. During the fourth quarter, he initiated new positions in 13 new stocks, according to data reported by GuruFocus Real Time Picks. More...

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Brandes Makes a Variety of Reductions in 4th Quarter Guru cuts stakes in companies across the world and in a range of sectors Charles Brandes - Brandes Makes A Variety Of Reductions In 4th Quarter
Charles Brandes (Trades, Portfolio), chairman of Brandes Investment Partners, reduced 89 stakes in his portfolio in the fourth quarter. His most noteworthy reductions crisscrossed the globe and spanned an investing spectrum that included several in oil and gas companies but also touched on banking and financial services and technology stocks. More...

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