Dodge & Cox
Dodge & Cox investment committeeSan Francisco, CA
$191.0bn in 222 US stocks at the end of 30 June 2026. The top 10 are 27.8% of the money. It changed about 10.8% of the portfolio this quarter.
Value
$191.0bn
Stocks
222
Top 10 share
27.8%
Turnover
10.8%
What changed this quarter
New
Bought for the first time this quarter.
- FedEx Freight Holding CompanyFDXF0.6% of the fund
- KKRKKR0.4% of the fund
- SeaSE<0.1% of the fund
- Honeywell InternationalHON<0.1% of the fund
- Honeywell AerospaceHONA<0.1% of the fund
- DuPont de NemoursDD<0.1% of the fund
- Futu HldgsFUTU<0.1% of the fund
- Vanguard Index FDSVOO<0.1% of the fund
- Affiliated Managers GroupAMG<0.1% of the fund
Added
Bought more of a stock they already held.
- Charles SchwabSCHW3.7% of the fund+3%
- MicrosoftMSFT2.5% of the fund+7%
- Booking HoldingsBKNG2.4% of the fund+2%
- Sunbelt Rentals HoldingsSUNB2.1% of the fund+3%
- Amazon.comAMZN2.1% of the fund+11%
- Meta PlatformsMETA1.9% of the fund+29%
- TE ConnectivityTEL1.8% of the fund+16%
- Cigna GroupCI1.8% of the fund+5%
- Regeneron PharmaceuticalsREGN1.6% of the fund+9%
- AonAON1.5% of the fund+6%
- ComcastCMCSA1.5% of the fund+2%
- BrookfieldBN1.4% of the fund+3%
- GE HealthCare TechnologiesGEHC1.3% of the fund+21%
- Roper TechnologiesROP1.3% of the fund+111%
- SBA CommunicationsSBAC1.1% of the fund+2%
- Arthur J. GallagherAJG1.1% of the fund+27%
- Charter CommunicationsCHTR1.1% of the fund+3%
- Willis Towers WatsonWTW1.1% of the fund+9%
- Zimmer Biomet HoldingsZBH1.1% of the fund+2%
- Carrier GlobalCARR1.1% of the fund+3%
- VisaV1.0% of the fund+630555%
- Capital One FinancialCOF1.0% of the fund+4%
- TransUnionTRU0.9% of the fund+49%
- Thermo Fisher ScientificTMO0.8% of the fund+11767%
- HaleonHLN0.7% of the fund+2%
Cut
Sold some of their stake.
- Johnson Controls InternationalJCI4.3% of the fund-3%
- CVS HealthCVS2.7% of the fund-3%
- HumanaHUM2.3% of the fund-4%
- AlphabetGOOG2.2% of the fund-2%
- MetLifeMET2.1% of the fund-5%
- UnitedHealth GroupUNH2.0% of the fund-4%
- Gilead SciencesGILD1.6% of the fund-2%
- GSKGSK1.3% of the fund-18%
- Bank of New York MellonBNY1.3% of the fund-29%
- FedExFDX1.2% of the fund-28%
- Baker HughesBKR1.0% of the fund-3%
- Elanco Animal HealthELAN0.9% of the fund-2%
- Suncor EnergySU0.7% of the fund-3%
- IncyteINCY0.7% of the fund-2%
- Dominion EnergyD0.7% of the fund-6%
- Sanofi SASNY0.6% of the fund-5%
- Sun CommunitiesSUI0.6% of the fund-33%
- Archer-Daniels-MidlandADM0.6% of the fund-10%
- CredicorpBAP0.5% of the fund-23%
- ConocoPhillipsCOP0.5% of the fund-4%
- Cemex SAB de CVCX0.5% of the fund-6%
- Norfolk SouthernNSC0.4% of the fund-60%
- Microchip TechnologyMCHP0.3% of the fund-10%
- AegonAEG0.2% of the fund-12%
- V FVFC0.2% of the fund-32%
Sold out
Sold their entire stake.
Holdings
- BrookfieldBN
- Share
- 1.4%
- Value
- $2.6bn
- Shares
- 61,210,651
+3%
- GSKGSK
- Share
- 1.3%
- Value
- $2.5bn
- Shares
- 48,197,514
-18%
- HaleonHLN
- Share
- 0.7%
- Value
- $1.4bn
- Shares
- 149,934,507
+2%
- Suncor EnergySU
- Share
- 0.7%
- Value
- $1.4bn
- Shares
- 25,366,554
-3%
- Sanofi SASNY
- Share
- 0.6%
- Value
- $1.2bn
- Shares
- 28,088,274
-5%
- Alibaba Group HldgBABA
- Share
- 0.5%
- Value
- $956m
- Shares
- 9,957,970
Held
- PDD HoldingsPDD
- Share
- 0.2%
- Value
- $347m
- Shares
- 4,550,000
Held
- Biontech SEBNTX
- Share
- 0.2%
- Value
- $342m
- Shares
- 3,677,591
Held
- TC EnergyTRP
- Share
- 0.2%
- Value
- $334m
- Shares
- 5,034,800
-43%
- Jd.comJD
- Share
- 0.2%
- Value
- $311m
- Shares
- 12,194,648
Held
- Netease.comNTES
- Share
- 0.1%
- Value
- $277m
- Shares
- 2,162,476
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Johnson Controls InternationalJCI | 4.3% | $8.1bn | 55,776,006 | -3% |
| Charles SchwabSCHW | 3.7% | $7.1bn | 76,968,323 | +3% |
| RTXRTX | 3.5% | $6.7bn | 35,113,249 | Held |
| CVS HealthCVS | 2.7% | $5.2bn | 50,012,765 | -3% |
| MicrosoftMSFT | 2.5% | $4.8bn | 12,836,229 | +7% |
| Booking HoldingsBKNG | 2.4% | $4.6bn | 25,536,950 | +2% |
| HumanaHUM | 2.3% | $4.3bn | 10,940,380 | -4% |
| AlphabetGOOG | 2.2% | $4.2bn | 11,961,097 | -2% |
| MetLifeMET | 2.1% | $4.1bn | 48,431,150 | -5% |
| Sunbelt Rentals HoldingsSUNB | 2.1% | $4.1bn | 54,761,610 | +3% |
| Amazon.comAMZN | 2.1% | $4.0bn | 16,708,513 | +11% |
| AlphabetGOOGL | 2.0% | $3.8bn | 10,658,860 | Held |
| UnitedHealth GroupUNH | 2.0% | $3.8bn | 9,072,258 | -4% |
| Meta PlatformsMETA | 1.9% | $3.7bn | 6,489,255 | +29% |
| Occidental PetroleumOXY | 1.9% | $3.5bn | 72,764,944 | Held |
| TE ConnectivityTEL | 1.8% | $3.4bn | 16,968,886 | +16% |
| Cigna GroupCI | 1.8% | $3.4bn | 12,173,875 | +5% |
| Regeneron PharmaceuticalsREGN | 1.6% | $3.0bn | 4,871,137 | +9% |
| Gilead SciencesGILD | 1.6% | $3.0bn | 23,677,567 | -2% |
| International Flavors & FragrancesIFF | 1.5% | $2.9bn | 37,007,037 | Held |
| AonAON | 1.5% | $2.9bn | 8,593,144 | +6% |
| ComcastCMCSA | 1.5% | $2.8bn | 115,903,125 | +2% |
| Air Products & ChemicalsAPD | 1.4% | $2.8bn | 9,393,493 | Held |
| FortiveFTV | 1.4% | $2.7bn | 43,979,772 | Held |
| BrookfieldBN | 1.4% | $2.6bn | 61,210,651 | +3% |
| Wells Fargo & CompanyWFC | 1.4% | $2.6bn | 31,328,076 | Held |
| GSKGSK | 1.3% | $2.5bn | 48,197,514 | -18% |
| FiservFISV | 1.3% | $2.5bn | 50,194,946 | Held |
| Anheuser-Busch InBev SABUD | 1.3% | $2.4bn | 29,477,348 | Held |
| GE HealthCare TechnologiesGEHC | 1.3% | $2.4bn | 37,864,164 | +21% |
| Bank of New York MellonBNY | 1.3% | $2.4bn | 16,608,370 | -29% |
| Roper TechnologiesROP | 1.3% | $2.4bn | 7,060,583 | +111% |
| FedExFDX | 1.2% | $2.3bn | 7,233,269 | -28% |
| SBA CommunicationsSBAC | 1.1% | $2.2bn | 12,323,254 | +2% |
| Arthur J. GallagherAJG | 1.1% | $2.1bn | 9,363,634 | +27% |
| Charter CommunicationsCHTR | 1.1% | $2.1bn | 15,032,214 | +3% |
| Willis Towers WatsonWTW | 1.1% | $2.1bn | 8,025,392 | +9% |
| Zimmer Biomet HoldingsZBH | 1.1% | $2.1bn | 24,124,735 | +2% |
| Carrier GlobalCARR | 1.1% | $2.0bn | 27,475,603 | +3% |
| Baker HughesBKR | 1.0% | $1.9bn | 34,854,482 | -3% |
| Fidelity National Information ServicesFIS | 1.0% | $1.9bn | 49,069,080 | Held |
| VisaV | 1.0% | $1.9bn | 5,417,326 | +630555% |
| Capital One FinancialCOF | 1.0% | $1.8bn | 9,117,926 | +4% |
| TransUnionTRU | 0.9% | $1.7bn | 24,196,211 | +49% |
| UBS Group AGUBS | 0.9% | $1.7bn | 33,630,342 | Held |
| Elanco Animal HealthELAN | 0.9% | $1.7bn | 67,397,025 | -2% |
| Thermo Fisher ScientificTMO | 0.8% | $1.5bn | 3,054,778 | +11767% |
| HaleonHLN | 0.7% | $1.4bn | 149,934,507 | +2% |
| Suncor EnergySU | 0.7% | $1.4bn | 25,366,554 | -3% |
| IncyteINCY | 0.7% | $1.4bn | 11,957,326 | -2% |
| LPL Financial HoldingsLPLA | 0.7% | $1.3bn | 4,578,679 | +10% |
| CoupangCPNG | 0.7% | $1.3bn | 72,194,220 | Held |
| Dominion EnergyD | 0.7% | $1.2bn | 18,303,470 | -6% |
| Baxter InternationalBAX | 0.7% | $1.2bn | 58,386,345 | Held |
| Sanofi SASNY | 0.6% | $1.2bn | 28,088,274 | -5% |
| AvantorAVTR | 0.6% | $1.2bn | 120,020,974 | Held |
| American Electric PowerAEP | 0.6% | $1.2bn | 8,674,355 | Held |
| Sun CommunitiesSUI | 0.6% | $1.1bn | 9,500,781 | -33% |
| FedEx Freight Holding CompanyFDXF | 0.6% | $1.1bn | 7,182,771 | New |
| Archer-Daniels-MidlandADM | 0.6% | $1.1bn | 14,182,325 | -10% |
| Teledyne TechnologiesTDY | 0.6% | $1.1bn | 1,612,837 | Held |
| T-Mobile USTMUS | 0.6% | $1.1bn | 6,335,783 | +3% |
| RalliantRAL | 0.5% | $1.0bn | 14,005,203 | Held |
| CredicorpBAP | 0.5% | $1.0bn | 2,614,315 | -23% |
| Novo Nordisk A SNVO | 0.5% | $978m | 20,397,110 | +6% |
| ConocoPhillipsCOP | 0.5% | $963m | 9,266,284 | -4% |
| Cemex SAB de CVCX | 0.5% | $962m | 80,187,637 | -6% |
| Alibaba Group HldgBABA | 0.5% | $956m | 9,957,970 | Held |
| Neurocrine BiosciencesNBIX | 0.5% | $941m | 5,584,707 | +2% |
| HPHPQ | 0.5% | $935m | 42,627,828 | +2% |
| Biomarin PharmaceuticalBMRN | 0.4% | $849m | 14,844,930 | Held |
| First Citizens BancsharesFCNCA | 0.4% | $841m | 404,215 | +3% |
| Norfolk SouthernNSC | 0.4% | $789m | 2,508,128 | -60% |
| Millicom International Cellular SATIGO | 0.4% | $746m | 8,218,532 | Held |
| Molson Coors BeverageTAP | 0.4% | $743m | 19,065,434 | +3% |
| KKRKKR | 0.4% | $740m | 8,060,515 | New |
| CelaneseCE | 0.4% | $703m | 15,282,234 | Held |
| LindeLIN | 0.4% | $688m | 1,326,590 | Held |
| Taiwan Semiconductor ManufacturingTSM | 0.4% | $688m | 1,440,767 | +1237% |
| AdobeADBE | 0.3% | $639m | 3,114,932 | +25% |
| MedtronicMDT | 0.3% | $616m | 7,875,898 | +2% |
| Gaming & Leisure PropertiesGLPI | 0.3% | $613m | 13,773,135 | +2% |
| Alnylam PharmaceuticalsALNY | 0.3% | $589m | 1,955,393 | Held |
| FoxFOXA | 0.3% | $585m | 11,223,096 | +3% |
| Cognizant Technology SolutionsCTSH | 0.3% | $563m | 14,542,493 | Held |
| XPXP | 0.3% | $529m | 32,564,312 | Held |
| Microchip TechnologyMCHP | 0.3% | $505m | 5,533,359 | -10% |
| AegonAEG | 0.2% | $377m | 44,635,184 | -12% |
| V FVFC | 0.2% | $374m | 22,406,175 | -32% |
| PDD HoldingsPDD | 0.2% | $347m | 4,550,000 | Held |
| Biontech SEBNTX | 0.2% | $342m | 3,677,591 | Held |
| Yum China HoldingsYUMC | 0.2% | $342m | 8,365,562 | Held |
| FoxFOX | 0.2% | $340m | 7,266,093 | Held |
| TC EnergyTRP | 0.2% | $334m | 5,034,800 | -43% |
| NewsNWSA | 0.2% | $311m | 12,538,190 | +2% |
| Jd.comJD | 0.2% | $311m | 12,194,648 | Held |
| Netease.comNTES | 0.1% | $277m | 2,162,476 | Held |
| General ElectricGE | 0.1% | $224m | 598,052 | -19% |
| CoherentCOHR | 0.1% | $215m | 544,160 | -3% |
| HDFC BankHDB | <0.1% | $173m | 6,678,700 | +17% |
Showing the largest 100 of 222.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 7.3% since 30 June 2025.
Where the money is
Financial services20.1%
Health care20.1%
Industrials14.1%
Media & telecom10.4%
Technology10.2%
Retail & consumer5.5%
Materials4.2%
Energy4.2%
Real estate3.4%
Everyday goods2.3%
Utilities1.5%
Other4.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.