Brandes Investment Buys Flex, CVS Health Corp, Copa Holdings SA, Sells Shire PLC, iShares MSCI ACWI ex US Index Fund, Beazer Homes USA Inc

• New Purchases: FDX, HAL, DIS, FOX, FOXA,
• Added Positions: FLEX, ERJ, CVS, CPA, CX, TAK, BGG, NTGR, LH, WPP, UBS, YPF, TMHC, MCK, CS, TI, AGRO, DOX, HMC, BCS, CAH, MUFG, CRH, CTSH, TSM, SHG, AIG, NXPI, HSBC, GSK, MDC, AMX, INT, DGX, ORCL, AVT, AEG, BBT, EPC, NWLI, ENIC, GOOG, JOE, CSCO, SENEA, CVX, AMAT, JCI, GTS, AMGN, UTHR, UHAL, CMCSA, JNJ, GILD, L, MD, ORI, OMC, JPM, IPG, WTM, GTE, TKC, WHR, MSTR, FITB, NRIM, EGRX, SWIR, SCHL, CSS, PDCO, ORN,
• Reduced Positions: PFE, BZH, VIV, CHL, OMI, MRK, BP, BK, NOK, PBR.A, CBD, TI.A, SNY, TOT, TARO, PEP, PDLI, TM, APA, ARLO, FII, RECN, INFY, BBVA, ARW, IVC, PTR, ALEX,
• Sold Out: SHPG, ACWX, FOX, EEM, FN, PG, GWX, ELP, ACWI, FOXA, ANAT, SPY,

For the details of Charles Brandes's stock buys and sells, go to https://www.gurufocus.com/guru/charles+brandes/current-portfolio/portfolio

1. Embraer SA (ERJ) - 19,931,834 shares, 8.90% of the total portfolio. Shares added by 11.49%
2. Cemex SAB de CV (CX) - 62,096,886 shares, 6.71% of the total portfolio. Shares added by 5.70%
3. NXP Semiconductors NV (NXPI) - 1,690,904 shares, 3.47% of the total portfolio. Shares added by 1.10%
4. Citigroup Inc (C) - 2,057,597 shares, 2.98% of the total portfolio. Shares reduced by 0.34%
5. YPF SA (YPF) - 8,648,492 shares, 2.82% of the total portfolio. Shares added by 6.72%

Brandes Investment initiated holding in Halliburton Co. The purchase prices were between $26.58 and $32.3, with an estimated average price of $30.2. The stock is now traded at around $25.24. The impact to a portfolio due to this purchase was 0.1%. The holding were 150,228 shares as of .

Brandes Investment initiated holding in FedEx Corp. The purchase prices were between $157.19 and $185.62, with an estimated average price of $176.54. The stock is now traded at around $176.11. The impact to a portfolio due to this purchase was 0.1%. The holding were 24,476 shares as of .

Brandes Investment initiated holding in The Walt Disney Co. The purchase prices were between $106.33 and $115.25, with an estimated average price of $111.74. The stock is now traded at around $131.60. The impact to a portfolio due to this purchase was 0.05%. The holding were 18,312 shares as of .

Brandes Investment initiated holding in Fox Corp. The purchase prices were between $35.67 and $41.02, with an estimated average price of $38.11. The stock is now traded at around $37.30. The impact to a portfolio due to this purchase was 0.05%. The holding were 54,168 shares as of .

Brandes Investment initiated holding in Fox Corp. The purchase prices were between $36.4 and $41.7, with an estimated average price of $38.89. The stock is now traded at around $37.83. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 5,840 shares as of .

Brandes Investment added to a holding in Flex Ltd by 150.30%. The purchase prices were between $7.52 and $10.66, with an estimated average price of $9.46. The stock is now traded at around $10.29. The impact to a portfolio due to this purchase was 1.33%. The holding were 9,531,586 shares as of .

Brandes Investment added to a holding in CVS Health Corp by 1109.64%. The purchase prices were between $52.36 and $69.88, with an estimated average price of $61.96. The stock is now traded at around $54.45. The impact to a portfolio due to this purchase was 0.86%. The holding were 752,361 shares as of .

Brandes Investment added to a holding in Copa Holdings SA by 50.32%. The purchase prices were between $78.21 and $99.43, with an estimated average price of $87.92. The stock is now traded at around $91.72. The impact to a portfolio due to this purchase was 0.42%. The holding were 663,719 shares as of .

Brandes Investment added to a holding in Netgear Inc by 385.82%. The purchase prices were between $32.27 and $39.61, with an estimated average price of $36.24. The stock is now traded at around $28.24. The impact to a portfolio due to this purchase was 0.22%. The holding were 370,137 shares as of .

Brandes Investment added to a holding in Briggs & Stratton Corp by 21.60%. The purchase prices were between $11.55 and $14.41, with an estimated average price of $13.03. The stock is now traded at around $11.28. The impact to a portfolio due to this purchase was 0.22%. The holding were 4,465,929 shares as of .

Brandes Investment added to a holding in Takeda Pharmaceutical Co Ltd by 45.68%. The purchase prices were between $16.7 and $21.52, with an estimated average price of $20.07. The stock is now traded at around $19.51. The impact to a portfolio due to this purchase was 0.22%. The holding were 1,477,015 shares as of .

Brandes Investment sold out a holding in Shire PLC. The sale prices were between $172.15 and $179.2, with an estimated average price of $176.08.

Brandes Investment sold out a holding in iShares MSCI ACWI ex US Index Fund. The sale prices were between $41.42 and $46.87, with an estimated average price of $44.99.

Brandes Investment sold out a holding in Fox Corp. The sale prices were between $34.59 and $49.61, with an estimated average price of $36.43.

Brandes Investment sold out a holding in iShares MSCI Emerging Index Fund. The sale prices were between $38.45 and $43.71, with an estimated average price of $42.09.

Brandes Investment sold out a holding in Fabrinet. The sale prices were between $47.54 and $59.34, with an estimated average price of $54.44.

Brandes Investment sold out a holding in Procter & Gamble Co. The sale prices were between $90.44 and $104.05, with an estimated average price of $97.18.

Brandes Investment reduced to a holding in Beazer Homes USA Inc by 98.87%. The sale prices were between $9.48 and $13.36, with an estimated average price of $11.93. The stock is now traded at around $10.29. The impact to a portfolio due to this sale was -0.24%. Brandes Investment still held 11,297 shares as of .

Brandes Investment reduced to a holding in Owens & Minor Inc by 64.42%. The sale prices were between $4.07 and $7.94, with an estimated average price of $6.36. The stock is now traded at around $3.91. The impact to a portfolio due to this sale was -0.12%. Brandes Investment still held 403,502 shares as of .

Brandes Investment reduced to a holding in Companhia Brasileira De Distribuicao by 28.52%. The sale prices were between $20.77 and $26.74, with an estimated average price of $24.49. The stock is now traded at around $20.86. The impact to a portfolio due to this sale was -0.04%. Brandes Investment still held 187,320 shares as of .

Brandes Investment reduced to a holding in Arlo Technologies Inc by 82.01%. The sale prices were between $3.6 and $10.12, with an estimated average price of $5.61. The stock is now traded at around $3.92. The impact to a portfolio due to this sale was -0.01%. Brandes Investment still held 27,144 shares as of .

Brandes Investment reduced to a holding in Invacare Corp by 37.36%. The sale prices were between $4.3 and $10.43, with an estimated average price of $7.15. The stock is now traded at around $6.70. The impact to a portfolio due to this sale was less than 0.01%. Brandes Investment still held 25,519 shares as of .