Dodge & Cox

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Dodge & Cox reported 222 stock positions worth $191.0 billion. Its top holding was Johnson Controls Internation (JCI) at 4.3% of the portfolio, followed by Schwab (charles) (SCHW, 3.7%) and RTX (RTX, 3.5%). Compared with Q1 2026, it opened 5 new positions, sold out of 7, added to 72 and reduced 93. The biggest buy was Visa Class A (V, shares +630555%) and the biggest sale Occidental Petroleum (OXY, shares −2%).

Most Recent 13F
Q2 2026
Location
San Francisco, CA
CIK
0000200217
Portfolio Value
$191.0B (Q2 2026)
SEC Filing
0001193125-26-349535 ↗ filed Aug 13, 2026

Holdings Value

0$50.0B$100.0B$150.0B$200.0B Q1 2024: $171.8B Q1 2024 Q2 2024: $166.0B Q2 2024 Q3 2024: $176.4B Q3 2024 Q4 2024: $171.4B Q4 2024 Q1 2025: $175.5B Q1 2025 Q2 2025: $178.0B Q2 2025 Q3 2025: $185.3B Q3 2025 Q4 2025: $185.3B Q4 2025 Q1 2026: $182.0B Q1 2026 Q2 2026: $191.0B $191.0B Q2 2026

Holdings 222 stocks · $191.0B

JCI Johnson Controls Internation 4.27% 55,776,006 $8.1B Reduce -3.0%
SCHW Schwab (charles) Corp. 3.72% 76,968,323 $7.1B Add +2.6%
RTX RTX Corp. 3.49% 35,113,249 $6.7B Reduce -1.0%
CVS CVS Health Corp. 2.71% 50,012,765 $5.2B Reduce -3.4%
MSFT Microsoft Corp. 2.51% 12,836,229 $4.8B Add +7.3%
BKNG Booking Holdings Inc. 2.38% 25,536,950 $4.6B Add +2.4%
HUM Humana Inc. 2.28% 10,940,380 $4.3B Reduce -3.9%
GOOG Alphabet Inc. Class C 2.21% 11,961,097 $4.2B Reduce -2.2%
MET Metlife Inc. 2.15% 48,431,150 $4.1B Reduce -5.3%
SUNB Sunbelt Rentals Holdings Inc. 2.14% 54,761,610 $4.1B Add +3.1%
AMZN Amazon.com Inc. 2.08% 16,708,513 $4.0B Add +10.6%
GOOGL Alphabet Inc. Class A 1.99% 10,658,860 $3.8B Add +0.3%
UNH Unitedhealth Group Inc. 1.97% 9,072,258 $3.8B Reduce -4.2%
META Meta Platforms Inc. Class A 1.91% 6,489,255 $3.7B Add +29.4%
OXY Occidental Petroleum Corp. 1.85% 72,764,944 $3.5B Reduce -1.8%
TEL Te Connectivity PLC 1.79% 16,968,886 $3.4B Add +15.5%
CI The Cigna Group 1.76% 12,173,875 $3.4B Add +5.3%
REGN Regeneron Pharmaceuticals 1.59% 4,871,137 $3.0B Add +9.3%
GILD Gilead Sciences Inc. 1.57% 23,677,567 $3.0B Reduce -2.4%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 1.53% 37,007,037 $2.9B Add +1.5%
AON Aon PLC Class A 1.49% 8,593,144 $2.9B Add +5.9%
CMCSA Comcast Corp. Class A 1.49% 115,903,125 $2.8B Add +2.5%
APD Air Products & Chemicals Inc. 1.44% 9,393,493 $2.8B Add +1.8%
FTV Fortive Corp. 1.41% 43,979,772 $2.7B Add +1.9%
BN Brookfield Corp. 1.36% 61,210,651 $2.6B Add +3.4%
WFC Wells Fargo & Co. 1.36% 31,328,076 $2.6B Add +0.5%
GSK GSK PLC-Spon ADR 1.32% 48,197,514 $2.5B Reduce -17.8%
FISV Fiserv Inc. 1.29% 50,194,946 $2.5B Reduce -0.1%
BUD Anheuser-Busch Inbev-SPN ADR 1.27% 29,477,348 $2.4B Reduce -0.7%
GEHC GE Healthcare Technology 1.27% 37,864,164 $2.4B Add +20.9%
BNY Bank of New York Mellon Corp. 1.26% 16,608,370 $2.4B Reduce -29.0%
ROP Roper Technologies Inc. 1.25% 7,060,583 $2.4B Add +111.2%
FDX FedEx Corp. 1.19% 7,233,269 $2.3B Reduce -27.6%
SBAC SBA Communications Corp. 1.14% 12,323,254 $2.2B Add +2.0%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 1.13% 9,363,634 $2.1B Add +27.3%
CHTR Charter Communications Inc. Class A 1.12% 15,032,214 $2.1B Add +2.8%
WTW Willis Towers Watson PLC 1.10% 8,025,392 $2.1B Add +9.4%
ZBH Zimmer Biomet Holdings Inc. 1.09% 24,124,735 $2.1B Add +2.5%
CARR Carrier Global Corp. 1.06% 27,475,603 $2.0B Add +3.2%
BKR Baker Hughes Co. 1.01% 34,854,482 $1.9B Reduce -2.8%
FIS Fidelity National Info Serv 1.00% 49,069,080 $1.9B Reduce -0.0%
V Visa Inc. Class A 0.97% 5,417,326 $1.9B Add +630554.9%
COF Capital One Financial Corp. 0.96% 9,117,926 $1.8B Add +3.9%
TRU Transunion 0.91% 24,196,211 $1.7B Add +49.5%
UBS UBS Group AG-Reg 0.87% 33,630,342 $1.7B Reduce -0.0%
ELAN Elanco Animal Health Inc. 0.87% 67,397,025 $1.7B Reduce -2.2%
TMO Thermo Fisher Scientific Inc. 0.80% 3,054,778 $1.5B Add +11767.4%
HLN Haleon PLC-ADR 0.73% 149,934,507 $1.4B Add +2.3%
SU Suncor Energy Inc. 0.71% 25,366,554 $1.4B Reduce -3.4%
INCY Incyte Corp. 0.71% 11,957,326 $1.4B Reduce -2.4%
LPLA LPL Financial Holdings Inc. 0.68% 4,578,679 $1.3B Add +10.4%
CPNG Coupang Inc. 0.66% 72,194,220 $1.3B Add +0.3%
D Dominion Energy Inc. 0.65% 18,303,470 $1.2B Reduce -6.0%
BAX Baxter International Inc. 0.65% 58,386,345 $1.2B Add +2.0%
SNY Sanofi-ADR 0.63% 28,088,274 $1.2B Reduce -4.8%
AVTR Avantor Inc. 0.62% 120,020,974 $1.2B Add +0.3%
AEP American Electric Power 0.62% 8,674,355 $1.2B Reduce -0.8%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.60% 9,500,781 $1.1B Reduce -33.4%
FDXF FedEx Freight Holding Co. 0.57% 7,182,771 $1.1B Add +43.9%
ADM Archer-Daniels-Midland Co. 0.57% 14,182,325 $1.1B Reduce -10.0%
TDY Teledyne Technologies Inc. 0.56% 1,612,837 $1.1B Add +0.5%
TMUS T-Mobile US Inc. 0.56% 6,335,783 $1.1B Add +2.9%
RAL Ralliant Corp. 0.54% 14,005,203 $1.0B Add +1.9%
BAP Credicorp Ltd. 0.53% 2,614,315 $1.0B Reduce -23.3%
NVO Novo-Nordisk A/S-Spons ADR 0.51% 20,397,110 $977.8M Add +5.5%
COP Conocophillips 0.50% 9,266,284 $963.3M Reduce -3.9%
CX Cemex Sab-Spons ADR Part Cer 0.50% 80,187,637 $962.3M Reduce -5.9%
BABA Alibaba Group Holding-SP ADR 0.50% 9,957,970 $955.8M Add +0.4%
NBIX Neurocrine Biosciences Inc. 0.49% 5,584,707 $941.2M Add +2.3%
HPQ HP Inc. 0.49% 42,627,828 $935.3M Add +2.5%
BMRN Biomarin Pharmaceutical Inc. 0.44% 14,844,930 $849.4M Add +1.9%
FCNCA First Citizens Bcshs Class A 0.44% 404,215 $841.1M Add +2.8%
NSC Norfolk Southern Corp. 0.41% 2,508,128 $789.0M Reduce -59.9%
TIGO Millicom Intl Cellular S.A. 0.39% 8,218,532 $745.9M Add +0.7%
TAP Molson Coors Beverage Co. Class B 0.39% 19,065,434 $742.8M Add +2.9%
KKR KKR & Co. Inc. 0.39% 8,060,515 $739.8M New
CE Celanese Corp. 0.37% 15,282,234 $703.0M Reduce -0.4%
LIN Linde PLC 0.36% 1,326,590 $688.4M No change
TSM Taiwan Semiconductor-SP ADR 0.36% 1,440,767 $688.1M Add +1236.5%
ADBE Adobe Inc. 0.33% 3,114,932 $638.6M Add +24.8%
MDT Medtronic PLC 0.32% 7,875,898 $616.1M Add +2.4%
GLPI Gaming and Leisure Propertie 0.32% 13,773,135 $613.3M Add +2.3%
ALNY Alnylam Pharmaceuticals Inc. 0.31% 1,955,393 $588.6M Add +1.4%
FOXA Fox Corp. Class A 0.31% 11,223,096 $585.4M Add +3.0%
CTSH Cognizant Tech Solutions-A 0.29% 14,542,493 $563.2M Add +1.9%
XP XP Inc. Class A 0.28% 32,564,312 $529.5M Reduce -0.5%
MCHP Microchip Technology Inc. 0.26% 5,533,359 $504.6M Reduce -9.7%
AEG Aegon Ltd.-NY Reg SHR 0.20% 44,635,184 $376.7M Reduce -11.7%
VFC VF Corp. 0.20% 22,406,175 $373.7M Reduce -32.1%
PDD PDD Holdings Inc. 0.18% 4,550,000 $347.1M Add +0.3%
BNTX Biontech SE-ADR 0.18% 3,677,591 $342.2M Add +0.0%
YUMC Yum China Holdings Inc. 0.18% 8,365,562 $341.9M Add +0.2%
FOX Fox Corp. Class B 0.18% 7,266,093 $340.3M Add +1.2%
TRP TC Energy Corp. 0.17% 5,034,800 $333.8M Reduce -43.4%
NWSA News Corp. Class A 0.16% 12,538,190 $311.3M Add +2.3%
JD Jd.com Inc.-ADR 0.16% 12,194,648 $310.7M No change
NTES Netease Inc.-ADR 0.15% 2,162,476 $277.1M Add +0.3%
GE General Electric filed as GE AEROSPACE 0.12% 598,052 $223.5M Reduce -19.0%
COHR Coherent Corp. 0.11% 544,160 $214.7M Reduce -2.6%
HDB HDFC Bank Ltd.-ADR 0.09% 6,678,700 $172.5M Add +17.4%

Show all 222 holdings

Portfolio Sells Q1 2026 → Q2 2026

OXY Occidental Petroleum Corp. Reduce -1.8% 1.85% −0.80
FDX FedEx Corp. Reduce -27.6% 1.19% −0.77
LYB Lyondellbasell Indu Class A Sold out 0.00% −0.75
NSC Norfolk Southern Corp. Reduce -59.9% 0.41% −0.57
GS Goldman Sachs Group Inc. Reduce -90.3% 0.07% −0.57
NVS Novartis AG-Sponsored ADR Reduce -89.1% 0.06% −0.52
GSK GSK PLC-Spon ADR Reduce -17.8% 1.32% −0.46
SUI Sun Communities Inc. Reduce -33.4% 0.60% −0.39
GILD Gilead Sciences Inc. Reduce -2.4% 1.57% −0.29
RTX RTX Corp. Reduce -1.0% 3.49% −0.27
BNY Bank of New York Mellon Corp. Reduce -29.0% 1.26% −0.27
FIS Fidelity National Info Serv Reduce -0.0% 1.00% −0.27
FISV Fiserv Inc. Reduce -0.1% 1.29% −0.25
SU Suncor Energy Inc. Reduce -3.4% 0.71% −0.24
STT State Street Corp. Reduce -99.0% 0.00% −0.24
COP Conocophillips Reduce -3.9% 0.50% −0.20
BKR Baker Hughes Co. Reduce -2.8% 1.01% −0.19
CE Celanese Corp. Reduce -0.4% 0.37% −0.19
SNY Sanofi-ADR Reduce -4.8% 0.63% −0.15
BMY Bristol-Myers Squibb Co. Reduce -99.1% 0.00% −0.15
TRP TC Energy Corp. Reduce -43.4% 0.17% −0.13
VFC VF Corp. Reduce -32.1% 0.20% −0.11
BAP Credicorp Ltd. Reduce -23.3% 0.53% −0.10
XP XP Inc. Class A Reduce -0.5% 0.28% −0.07
ADM Archer-Daniels-Midland Co. Reduce -10.0% 0.57% −0.06
ELAN Elanco Animal Health Inc. Reduce -2.2% 0.87% −0.04
LBTYK Liberty Global Ltd. Class C Sold out 0.00% −0.03
CX Cemex Sab-Spons ADR Part Cer Reduce -5.9% 0.50% −0.03
ITUB Itau Unibanco H-Spon PRF ADR Reduce -5.1% 0.08% −0.01
AEP American Electric Power Reduce -0.8% 0.62% −0.01
VSNT Versant Media Group Inc. Reduce -0.9% 0.08% −0.01
D Dominion Energy Inc. Reduce -6.0% 0.65% −0.01
CVX Chevron Corp. Reduce -1.3% 0.02% −0.01
AEG Aegon Ltd.-NY Reg SHR Reduce -11.7% 0.20% −0.00
WMB Williams Cos Inc. Reduce -2.3% 0.04% −0.00
WMT Walmart Inc. Reduce -1.1% 0.01% −0.00
BSX Boston Scientific Corp. Reduce -1.6% 0.00% −0.00
DIS The Walt Disney Co. Reduce -2.2% 0.01% −0.00
SLB SLB Ltd. Reduce -10.4% 0.00% −0.00
AZN Astrazeneca PLC Reduce -2.6% 0.01% −0.00
EBAY eBay Inc. Sold out 0.00% −0.00
SHEL Shell PLC-ADR Reduce -1.3% 0.00% −0.00
PSMT Pricesmart Inc. Sold out 0.00% −0.00
LOMA Loma Negra Cia Ind-Spon ADR Sold out 0.00% −0.00
MSI Motorola Solutions Inc. Reduce -3.5% 0.00% −0.00
PFE Pfizer Inc. Reduce -0.8% 0.00% −0.00
AMGN Amgen Inc. Reduce -4.1% 0.00% −0.00
APA Apa Corp. Reduce -9.3% 0.00% −0.00
PG The Procter & Gamble Co. Reduce -0.1% 0.01% −0.00
SPGI S&P Global Inc. Reduce -3.7% 0.00% −0.00

Portfolio Buys Q1 2026 → Q2 2026

V Visa Inc. Class A Add +630554.9% 0.97% +0.97
TMO Thermo Fisher Scientific Inc. Add +11767.4% 0.80% +0.79
ROP Roper Technologies Inc. Add +111.2% 1.25% +0.60
KKR KKR & Co. Inc. New 0.39% +0.39
AMZN Amazon.com Inc. Add +10.6% 2.08% +0.36
TSM Taiwan Semiconductor-SP ADR Add +1236.5% 0.36% +0.34
META Meta Platforms Inc. Class A Add +29.4% 1.91% +0.34
GOOGL Alphabet Inc. Class A Add +0.3% 1.99% +0.32
TRU Transunion Add +49.5% 0.91% +0.30
AJG Arthur J Gallagher & Co. Add +27.3% 1.13% +0.25
SUNB Sunbelt Rentals Holdings Inc. Add +3.1% 2.14% +0.25
CARR Carrier Global Corp. Add +3.2% 1.06% +0.23
RAL Ralliant Corp. Add +1.9% 0.54% +0.23
FDXF FedEx Freight Holding Co. Add +43.9% 0.57% +0.15
BAX Baxter International Inc. Add +2.0% 0.65% +0.12
NVO Novo-Nordisk A/S-Spons ADR Add +5.5% 0.51% +0.12
AVTR Avantor Inc. Add +0.3% 0.62% +0.11
TEL Te Connectivity PLC Add +15.5% 1.79% +0.10
NBIX Neurocrine Biosciences Inc. Add +2.3% 0.49% +0.10
FTV Fortive Corp. Add +1.9% 1.41% +0.10
IFF Intl Flavors & Fragrances Add +1.5% 1.53% +0.08
COF Capital One Financial Corp. Add +3.9% 0.96% +0.08
BKNG Booking Holdings Inc. Add +2.4% 2.38% +0.08
MSFT Microsoft Corp. Add +7.3% 2.51% +0.07
CI The Cigna Group Add +5.3% 1.76% +0.06
TIGO Millicom Intl Cellular S.A. Add +0.7% 0.39% +0.05
AON Aon PLC Class A Add +5.9% 1.49% +0.05
HPQ HP Inc. Add +2.5% 0.49% +0.05
BN Brookfield Corp. Add +3.4% 1.36% +0.05
GEHC GE Healthcare Technology Add +20.9% 1.27% +0.04
FCNCA First Citizens Bcshs Class A Add +2.8% 0.44% +0.03
TDY Teledyne Technologies Inc. Add +0.5% 0.56% +0.03
DHR Danaher Corp. Add +1462.5% 0.03% +0.02
HDB HDFC Bank Ltd.-ADR Add +17.4% 0.09% +0.01
NTES Netease Inc.-ADR Add +0.3% 0.15% +0.01
KSPI JSC Kaspi.kz ADR Add +20.3% 0.01% +0.00
SE Sea Ltd.-ADR New 0.00% +0.00
ADBE Adobe Inc. Add +24.8% 0.33% +0.00
KARO Karooooo Ltd. Add +65.1% 0.00% +0.00
PAX Patria Investments Ltd. Class A Add +120.0% 0.00% +0.00
ATAT Atour Lifestyle Holdings-ADR Add +62.2% 0.00% +0.00
FUTU Futu Holdings Ltd.-ADR New 0.00% +0.00
ASR Grupo Aeroportuario Sur-ADR Add +110.4% 0.00% +0.00
CPA Copa Holdings SA Class A Add +20.8% 0.00% +0.00
AMG Affiliated Managers Group New 0.00% +0.00
LAUR Laureate Education Inc. Add +25.4% 0.00% +0.00
VOO Vanguard S&P 500 ETF New 0.00% +0.00
ZH Zhihu Inc. - ADR Add +4.2% 0.00% +0.00
DLO Dlocal Ltd. Add +37.6% 0.00% +0.00
JBS JBS NV-A Add +50.3% 0.00% 0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 222$191.0BJCI, SCHW, RTX, CVS, MSFT
Q1 2026 222$182.0BJCI, SCHW, RTX, OXY, MSFT
Q4 2025 222$185.3BSCHW, JCI, RTX, CVS, FDX
Q3 2025 219$185.3BSCHW, JCI, RTX, CVS, FISV
Q2 2025 219$178.0BSCHW, JCI, RTX, FISV, CVS
Q1 2025 214$175.5BSCHW, FISV, JCI, RTX, CVS
Q4 2024 213$171.4BSCHW, FISV, JCI, RTX, WFC
Q3 2024 204$176.4BJCI, FISV, SCHW, RTX, WFC
Q2 2024 201$166.0BSCHW, JCI, WFC, GOOG, FISV
Q1 2024 198$171.8BWFC, SCHW, FISV, JCI, OXY