Charles Brandes's top holdings (October 2025) include Cae Inc. (CAE), a global technology company providing simulation training and critical operations support solutions for civil aviation, defense, and healthcare.

Charles Brandes is widely recognized as the founder of Brandes Investment Partners, an investment management firm based in San Diego. His firm specializes in global value investing, focusing on identifying companies worldwide that appear to be trading below their intrinsic business worth.

Cae Inc. (CAE)

Cae Inc. is a high-technology company that designs and manufactures simulation products and delivers training services to airlines, business jet operators, defense forces, and healthcare professionals. The company's offerings span flight simulators, mission rehearsal systems, and healthcare patient simulators, serving a broad global client base.

Cae Inc. has a market capitalization of $9.14 billion, with Charles Brandes's position currently valued at $438.76 million. Analysts covering the company have set a price target of $29.0, while a discounted cash flow analysis suggests a value of $1.96 per share.

Here's an overview of Charles Brandes's trades in Cae Inc.:

Embraer S.A. - ADR (ERJ)

Embraer S.A. is a Brazilian aerospace conglomerate that produces commercial, executive, and agricultural aircraft, as well as providing aerospace services. The company is a leading manufacturer of commercial jets up to 150 seats and is a major player in the executive aviation market globally.

The company's market cap stands at $11.13 billion, while the current value of Charles Brandes's holding is $379.36 million. The analyst price target for Embraer S.A. is $60.5, and its discounted cash flow analysis indicates a value of -$22.34 per share.

Here's an overview of Charles Brandes's trades in Embraer S.A. - ADR:

Millicom International Cellular S.A. (TIGO)

Millicom International Cellular S.A. operates under the Tigo brand, providing mobile, cable, broadband, and other digital services in Latin America. The company offers a range of communications and entertainment solutions, connecting millions of individuals and businesses across its markets.

This holding in Charles Brandes's portfolio is currently worth $321.56 million. Millicom International Cellular S.A. carries a market capitalization of $8.18 billion, and a discounted cash flow analysis suggests a value of $20.37 per share.

Here's an overview of Charles Brandes's trades in Millicom International Cellular S.A.:

Open Text Corp (OTEX)

Open Text Corp is a Canadian software company specializing in Enterprise Information Management (EIM) solutions. Their products help organizations manage and leverage unstructured data, encompassing content management, business process automation, and digital experience platforms.

Open Text Corp has a market capitalization of $9.52 billion, and the current value of Charles Brandes's position is $312.81 million. Analysts tracking the stock have a price target of $35.0, while the discounted cash flow value is $90.89 per share.

Here's an overview of Charles Brandes's trades in Open Text Corp:

Cemex S.A.B. De C.V. - ADR (CX)

Cemex S.A.B. De C.V. is a global company in the building materials industry, providing cement, ready-mix concrete, and aggregates. Headquartered in Mexico, Cemex serves customers and communities in more than 50 countries across four continents, supporting diverse construction projects.

Charles Brandes's holding in Cemex S.A.B. De C.V. is currently valued at $293.51 million. The company's market capitalization is $13.06 billion. An analyst price target for Cemex is $10.9, with a discounted cash flow analysis indicating a value of $0.68 per share.

Here's an overview of Charles Brandes's trades in Cemex S.A.B. De C.V. - ADR: