Brandywine Asset Management, Inc.
- SEC CIK
- 0002106766
- Latest filing
- Apr 22, 2026
The latest 13F from Brandywine Asset Management, Inc. covers Q1 2026 (filed Apr 22, 2026): 14 long positions worth $126.0M. The top 10 holdings make up 99.1% of the portfolio, and the largest is Vanguard Ftse Developed Markets ETF at 23.0%. Livermore has 2 filings on Form 13F from this institution, going back to Q4 2025.
What changed in Q1 2026
Share counts compared with Q4 2025: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.
- New
- 0
- Added
- 9
- Est. +$825.3K
- Reduced
- 2
- Est. −$2.72M
- Sold out
- 1
- Est. −$10.1M
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard Ftse Developed Markets ETF92194385823.0%$29.0M
- SPYSPDR S&P 500 ETF Trust
- Vanguard S&P 500 ETF92290836314.2%$17.9M
- Vanguard Scottsdale FDS92206C66411.9%$15.0M
- iShares Core U.S. Aggregate Bond ETF46428722610.6%$13.4M
Share of portfolio
Top 5 holdings and the other 9 positions, by share of portfolio value
- Vanguard Ftse Developed Markets ETF23.0%
- SPY15.4%
- Vanguard S&P 500 ETF14.2%
- Vanguard Scottsdale FDS11.9%
- iShares Core U.S. Aggregate Bond ETF10.6%
- Other 9 positions24.8%
Biggest buys
New and added positions, by estimated amount bought
- Vanguard Scottsdale FDS92206C680+$681.2KAdded
- Vanguard Ftse Developed Markets ETF921943858+$50.1KAdded
- Vanguard Scottsdale FDS92206C714+$40.4KAdded
- Vanguard Scottsdale FDS92206C649+$14.3KAdded
- iShares Core U.S. Aggregate Bond ETF464287226+$11.3KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Ftse Developed Markets ETF921943858+2.13 pp20.9% → 23.0%
- iShares Core U.S. Aggregate Bond ETF464287226+1.16 pp9.5% → 10.6%
- Vanguard Scottsdale FDS92206C680+1.11 pp7.8% → 8.9%
- Vanguard Scottsdale FDS92206C714+0.68 pp6.6% → 7.3%
- Vanguard Scottsdale FDS92206C649+0.30 pp2.8% → 3.1%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Invesco Nasdaq 100 ETF46138G649−$10.1MSold out
- SPYSPDR S&P 500 ETF Trust
- Vanguard Scottsdale FDS92206C664−$51.0KReduced
Metrics
13F metrics for Q1 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $126.0M
- −$16.3M (−11.4%) vs. prior quarter
- Positions
- 14
- −1 vs. prior quarter
- Top 10 concentration
- 99.1%
- Top 10 as share of value
- Turnover
- 0.6%
- Q1 2026, one quarter
- Average holding period
- 2.0 quarters
- Weighted by value
How these are calculated
- Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
- Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
- Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
- Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2025), so positions held before then are understated.
13F filings by quarter
2 quarters, going back to Q4 2025. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $142.3M (Q4 2025)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q1 2026 | Apr 22, 2026 | 14 | $126.0M | Vanguard Ftse Developed Markets ETFSPYVanguard S&P 500 ETF | vs. Q4 2025 | SEC |
| Q4 2025 | Feb 12, 2026 | 15 | $142.3M | Vanguard Ftse Developed Markets ETFSPYVanguard S&P 500 ETF | – | SEC |