Dodge & Cox

Name: Dodge & Cox 13F holdings, Q2 2024
Creator: Dodge & Cox
Published: 2024-08-13

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Dodge & Cox reported 201 stock positions worth $166.0 billion. Its top holding was Schwab (charles) (SCHW) at 3.8% of the portfolio, followed by Johnson Controls Internation (JCI, 3.4%) and Wells Fargo (WFC, 3.3%). Compared with Q1 2024, it opened 5 new positions, sold out of 3, added to 26 and reduced 107. The biggest buy was a new position in Humana (HUM) and the biggest sale Cigna (CI, shares −33%).

Most Recent 13F: Q2 2026
Location: San Francisco, CA
CIK: 0000200217
Portfolio Value: $166.0B (Q2 2024)
SEC Filing: 0000950123-24-008085 ↗ filed Aug 13, 2024

Holdings Value

Holdings 201 stocks · $166.0B


SCHW Schwab (charles) Corp.	3.81%	85,787,053	$6.3B	Reduce -0.6%
JCI Johnson Controls Internation	3.41%	85,272,989	$5.7B	Add +6.7%
WFC Wells Fargo & Co.	3.30%	92,277,487	$5.5B	Reduce -19.9%
GOOG Alphabet Inc. Class C	3.25%	29,421,485	$5.4B	Reduce -4.9%
FISV Fiserv Inc.	3.09%	34,371,378	$5.1B	Reduce -0.7%
OXY Occidental Petroleum Corp.	2.97%	78,361,008	$4.9B	Reduce -1.5%
RTX RTX Corp.	2.68%	44,284,541	$4.4B	Reduce -0.0%
MSFT Microsoft Corp.	2.53%	9,414,281	$4.2B	Reduce -0.8%
FDX FedEx Corp.	2.42%	13,394,616	$4.0B	Reduce -0.9%
MET Metlife Inc.	2.38%	56,353,281	$4.0B	Reduce -0.3%
SNY Sanofi-ADR	2.25%	77,109,633	$3.7B	Reduce -1.3%
CVS CVS Health Corp.	2.19%	61,683,343	$3.6B	Add +50.4%
CHTR Charter Communications Inc. Class A	2.10%	11,681,107	$3.5B	Add +1.0%
AMZN Amazon.com Inc.	2.02%	17,334,351	$3.3B	Reduce -0.4%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	1.98%	54,771,782	$3.3B	Reduce -1.1%
BKNG Booking Holdings Inc.	1.88%	789,804	$3.1B	Reduce -0.3%
FIS Fidelity National Info Serv	1.88%	41,435,311	$3.1B	Reduce -0.2%
CI The Cigna Group	1.76%	8,852,809	$2.9B	Reduce -32.6%
CMCSA Comcast Corp. Class A	1.72%	72,739,344	$2.8B	Reduce -0.6%
COF Capital One Financial Corp.	1.66%	19,939,018	$2.8B	Reduce -18.2%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA	1.62%	28,206,607	$2.7B	Add +1.7%
GSK GSK PLC-Spon ADR	1.58%	68,337,138	$2.6B	Reduce -0.8%
GS Goldman Sachs Group Inc.	1.48%	5,423,532	$2.5B	Reduce -0.9%
REGN Regeneron Pharmaceuticals	1.47%	2,315,686	$2.4B	Reduce -1.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP	1.45%	60,616,153	$2.4B	Reduce -14.5%
TEL Te Connectivity Ltd.	1.43%	15,766,921	$2.4B	Reduce -0.3%
NSC Norfolk Southern Corp.	1.40%	10,794,867	$2.3B	Add +32.9%
GE General Electric filed as GE AEROSPACE	1.37%	14,312,511	$2.3B	Reduce -11.3%
GILD Gilead Sciences Inc.	1.37%	33,122,337	$2.3B	Reduce -0.1%
GOOGL Alphabet Inc. Class A	1.34%	12,202,672	$2.2B	Reduce -0.4%
UBS UBS Group AG-Reg	1.30%	73,442,242	$2.2B	Reduce -2.6%
TFC Truist Financial Corp.	1.21%	51,665,856	$2.0B	Reduce -0.5%
UNH Unitedhealth Group Inc.	1.20%	3,921,445	$2.0B	Reduce -0.6%
META Meta Platforms Inc. Class A	1.16%	3,829,095	$1.9B	Reduce -0.1%
BUD Anheuser-Busch Inbev-SPN ADR	1.10%	31,470,885	$1.8B	Reduce -0.8%
ZBH Zimmer Biomet Holdings Inc.	1.09%	16,745,630	$1.8B	Add +2.0%
TMUS T-Mobile US Inc.	1.04%	9,827,889	$1.7B	Reduce -11.0%
BKR Baker Hughes Co.	0.98%	46,058,888	$1.6B	Reduce -0.2%
HUM Humana Inc.	0.97%	4,308,536	$1.6B	New
WMB Williams Cos Inc.	0.96%	37,547,551	$1.6B	Reduce -0.6%
LYB Lyondellbasell Indu Class A	0.93%	16,158,867	$1.5B	Reduce -0.4%
HLN Haleon PLC-ADR	0.90%	180,170,635	$1.5B	Add +1.8%
AVTR Avantor Inc.	0.83%	65,364,190	$1.4B	Add +2.6%
COP Conocophillips	0.79%	11,475,600	$1.3B	Reduce -1.1%
NVS Novartis AG-Sponsored ADR	0.78%	12,236,526	$1.3B	Reduce -0.9%
GEHC GE Healthcare Technology	0.78%	16,713,150	$1.3B	Reduce -0.6%
BABA Alibaba Group Holding-SP ADR	0.78%	18,034,070	$1.3B	Reduce -0.2%
CTSH Cognizant Tech Solutions-A	0.76%	18,458,724	$1.3B	Reduce -0.2%
JNPR Juniper Networks Inc.	0.75%	34,212,790	$1.2B	Reduce -0.1%
HPQ HP Inc.	0.74%	35,098,525	$1.2B	Reduce -0.7%
ELAN Elanco Animal Health Inc.	0.73%	83,583,150	$1.2B	Reduce -0.3%
SU Suncor Energy Inc.	0.69%	30,255,854	$1.2B	Reduce -24.4%
BMRN Biomarin Pharmaceutical Inc.	0.69%	13,930,493	$1.1B	Reduce -0.5%
CSCO Cisco Systems Inc.	0.68%	23,912,097	$1.1B	Reduce -0.2%
D Dominion Energy Inc.	0.67%	22,812,448	$1.1B	Reduce -0.2%
AEP American Electric Power	0.63%	11,831,805	$1.0B	Add +4.1%
COHR Coherent Corp.	0.61%	14,013,619	$1.0B	Reduce -7.2%
FOXA Fox Corp. Class A	0.59%	28,594,326	$982.8M	Reduce -1.0%
STT State Street Corp.	0.58%	12,914,714	$955.7M	Reduce -32.2%
INCY Incyte Corp.	0.56%	15,279,343	$926.2M	Reduce -0.9%
BAX Baxter International Inc.	0.55%	27,522,745	$920.6M	Add +0.1%
ALNY Alnylam Pharmaceuticals Inc.	0.55%	3,780,185	$918.6M	Reduce -0.8%
CE Celanese Corp.	0.55%	6,808,019	$918.3M	Reduce -0.3%
CARR Carrier Global Corp.	0.55%	14,367,024	$906.3M	Reduce -0.1%
BAP Credicorp Ltd.	0.53%	5,474,280	$883.2M	Reduce -0.8%
TAP Molson Coors Beverage Co. Class B	0.45%	14,574,964	$740.8M	Add +0.4%
AEG Aegon Ltd.-NY Reg SHR	0.44%	118,143,251	$724.2M	Reduce -5.7%
HMC Honda Motor Co. Ltd.-Spons ADR	0.43%	22,135,475	$713.6M	Reduce -0.5%
GAP The Gap Inc.	0.42%	28,971,846	$692.1M	Reduce -19.8%
SUI Sun Communities Inc. filed as SUN CMNTYS INC	0.40%	5,576,740	$671.1M	Add +2.9%
BMY Bristol-Myers Squibb Co.	0.39%	15,766,898	$654.8M	Reduce -3.1%
NTR Nutrien Ltd.	0.37%	12,199,059	$621.1M	Reduce -0.5%
XP XP Inc. Class A	0.36%	34,352,845	$604.3M	Add +15.7%
LIN Linde PLC	0.35%	1,326,990	$582.3M	No change
JD Jd.com Inc.-ADR	0.35%	22,479,249	$580.9M	Reduce -6.1%
VFC VF Corp.	0.35%	42,556,750	$574.5M	Add +20.1%
MDT Medtronic PLC	0.32%	6,791,555	$534.6M	Add +0.0%
BIDU Baidu Inc. - Spon ADR	0.31%	5,883,215	$508.8M	Add +55.5%
TECK Teck Resources Ltd.-CLS B	0.30%	10,554,840	$505.6M	Reduce -0.1%
TRP TC Energy Corp.	0.27%	11,860,400	$449.5M	No change
FOX Fox Corp. Class B	0.22%	11,366,057	$363.9M	Add +0.2%
YUMC Yum China Holdings Inc.	0.20%	10,681,262	$329.4M	Add +59.0%
GLPI Gaming and Leisure Propertie	0.18%	6,524,863	$295.0M	Add +1.4%
BHF Brighthouse Financial Inc.	0.17%	6,688,783	$289.9M	Reduce -23.5%
NWSA News Corp. Class A	0.17%	10,457,182	$288.3M	Reduce -0.1%
CPNG Coupang Inc.	0.15%	12,114,152	$253.8M	New
ECHO Echostar Corp. Class A	0.15%	13,564,286	$241.6M	Reduce -0.7%
TV Grupo Televisa SA-Spon ADR	0.11%	64,212,690	$177.9M	No change
NBIX Neurocrine Biosciences Inc.	0.11%	1,280,820	$176.3M	Add +1.2%
LBTYK Liberty Global Ltd. Class C	0.09%	8,786,768	$156.8M	No change
HDB HDFC Bank Ltd.-ADR	0.09%	2,364,300	$152.1M	Add +14.3%
FLUT Flutter Entertainment PLC-Di	0.07%	624,478	$113.9M	No change
NTES Netease Inc.-ADR	0.06%	1,080,952	$103.3M	Add +14.1%
AXP American Express Co.	0.06%	416,269	$96.4M	Reduce -2.9%
ITUB Itau Unibanco H-Spon PRF ADR	0.05%	15,228,405	$88.9M	Reduce -3.7%
LBTYA Liberty Global Ltd. Class A	0.05%	4,767,561	$83.1M	No change
FMS Fresenius Medical Care-ADR	0.05%	4,223,110	$80.6M	No change
CDNS Cadence Design SYS Inc.	0.05%	261,118	$80.4M	Reduce -1.5%
UNP Union Pacific Corp.	0.04%	282,582	$63.9M	Reduce -0.2%
JPM JPMorgan Chase & Co.	0.04%	307,915	$62.3M	Reduce -4.0%

Show all 201 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $587.4M (not counted above)

Security	Class	Shares / Principal	Value	Change
OXY.WS Occidental Petroleum-CW27	*W EXP 08/03/202	14,270,270	$587.4M	Reduce -0.0%

Total filed on the 13F, all lines: $166.6B.

Portfolio Sells Q1 2024 → Q2 2024


CI The Cigna Group	Reduce -32.6%	1.76%	−1.01
WFC Wells Fargo & Co.	Reduce -19.9%	3.30%	−0.59
HPE Hewlett Packard Enterprise	Reduce -98.5%	0.01%	−0.49
COF Capital One Financial Corp.	Reduce -18.2%	1.66%	−0.45
MCHP Microchip Technology Inc.	Reduce -92.8%	0.03%	−0.42
GEV GE Vernova Inc.	Reduce -95.5%	0.02%	−0.38
STT State Street Corp.	Reduce -32.2%	0.58%	−0.28
GE General Electric	Reduce -11.3%	1.37%	−0.28
OVV Ovintiv Inc.	Sold out	0.00%	−0.26
SU Suncor Energy Inc.	Reduce -24.4%	0.69%	−0.17
GAP The Gap Inc.	Reduce -19.8%	0.42%	−0.16
FISV Fiserv Inc.	Reduce -0.7%	3.09%	−0.13
GSK GSK PLC-Spon ADR	Reduce -0.8%	1.58%	−0.13
CMCSA Comcast Corp. Class A	Reduce -0.6%	1.72%	−0.13
CE Celanese Corp.	Reduce -0.3%	0.55%	−0.13
BMY Bristol-Myers Squibb Co.	Reduce -3.1%	0.39%	−0.12
BAC Bank of America Corp.	Reduce -14.5%	1.45%	−0.11
GEHC GE Healthcare Technology	Reduce -0.6%	0.78%	−0.11
BHF Brighthouse Financial Inc.	Reduce -23.5%	0.17%	−0.09
COP Conocophillips	Reduce -1.1%	0.79%	−0.07
ELAN Elanco Animal Health Inc.	Reduce -0.3%	0.73%	−0.07
MET Metlife Inc.	Reduce -0.3%	2.38%	−0.06
HMC Honda Motor Co. Ltd.-Spons ADR	Reduce -0.5%	0.43%	−0.05
UBS UBS Group AG-Reg	Reduce -2.6%	1.30%	−0.05
GILD Gilead Sciences Inc.	Reduce -0.1%	1.37%	−0.05
LYB Lyondellbasell Indu Class A	Reduce -0.4%	0.93%	−0.04
OXY Occidental Petroleum Corp.	Reduce -1.5%	2.97%	−0.03
CTSH Cognizant Tech Solutions-A	Reduce -0.2%	0.76%	−0.03
JD Jd.com Inc.-ADR	Reduce -6.1%	0.35%	−0.03
BMRN Biomarin Pharmaceutical Inc.	Reduce -0.5%	0.69%	−0.02
BUD Anheuser-Busch Inbev-SPN ADR	Reduce -0.8%	1.10%	−0.02
NTR Nutrien Ltd.	Reduce -0.5%	0.37%	−0.01
BAP Credicorp Ltd.	Reduce -0.8%	0.53%	−0.01
CSCO Cisco Systems Inc.	Reduce -0.2%	0.68%	−0.01
ITUB Itau Unibanco H-Spon PRF ADR	Reduce -3.7%	0.05%	−0.01
TMUS T-Mobile US Inc.	Reduce -11.0%	1.04%	−0.01
AEG Aegon Ltd.-NY Reg SHR	Reduce -5.7%	0.44%	−0.01
SLB SLB Ltd.	Reduce -8.5%	0.02%	−0.00
DIS The Walt Disney Co.	Reduce -1.6%	0.02%	−0.00
UNP Union Pacific Corp.	Reduce -0.2%	0.04%	−0.00
TGT Target Corp.	Reduce -1.3%	0.01%	−0.00
DELL Dell Technologies -C	Reduce -39.6%	0.00%	−0.00
CAT Caterpillar Inc.	Reduce -0.1%	0.01%	−0.00
HD Home Depot Inc.	Reduce -1.4%	0.01%	−0.00
MRK Merck & Co. Inc.	Reduce -1.0%	0.01%	−0.00
APA Apa Corp.	Reduce -8.2%	0.00%	−0.00
HAL Halliburton Co.	Reduce -5.6%	0.00%	−0.00
IBN Icici Bank Ltd.-Spon ADR	Sold out	0.00%	−0.00
DE Deere & Co.	Reduce -0.9%	0.00%	−0.00
DEO Diageo PLC-Sponsored ADR	Reduce -2.9%	0.00%	−0.00

Portfolio Buys Q1 2024 → Q2 2024


HUM Humana Inc.	New	0.97%	+0.97
JCI Johnson Controls Internation	Add +6.7%	3.41%	+0.37
CVS CVS Health Corp.	Add +50.4%	2.19%	+0.29
IFF Intl Flavors & Fragrances	Add +1.7%	1.62%	+0.23
NSC Norfolk Southern Corp.	Add +32.9%	1.40%	+0.19
CPNG Coupang Inc.	New	0.15%	+0.15
CHTR Charter Communications Inc. Class A	Add +1.0%	2.10%	+0.15
BIDU Baidu Inc. - Spon ADR	Add +55.5%	0.31%	+0.07
AEP American Electric Power	Add +4.1%	0.63%	+0.06
YUMC Yum China Holdings Inc.	Add +59.0%	0.20%	+0.04
FOX Fox Corp. Class B	Add +0.2%	0.22%	+0.03
VFC VF Corp.	Add +20.1%	0.35%	+0.03
HDB HDFC Bank Ltd.-ADR	Add +14.3%	0.09%	+0.02
HLN Haleon PLC-ADR	Add +1.8%	0.90%	+0.02
NTES Netease Inc.-ADR	Add +14.1%	0.06%	+0.01
GLPI Gaming and Leisure Propertie	Add +1.4%	0.18%	+0.01
NBIX Neurocrine Biosciences Inc.	Add +1.2%	0.11%	+0.00
AOSL Alpha & Omega Semiconductor	Add +5.4%	0.00%	+0.00
BANCOLOMBIA S.A.-SPONS ADR	New	0.00%	+0.00
DLO Dlocal Ltd.	New	0.00%	+0.00
ISRG Intuitive Surgical Inc.	New	0.00%	+0.00
JOYY Joyy Inc.-ADR	Add +3.7%	0.00%	0.00
VIPS Vipshop Holdings Ltd. - ADR	Add +8.3%	0.00%	−0.00
CX Cemex Sab-Spons ADR Part Cer	Add +5.1%	0.00%	−0.00
SUI Sun Communities Inc.	Add +2.9%	0.40%	−0.00
MDT Medtronic PLC	Add +0.0%	0.32%	−0.02
XP XP Inc. Class A	Add +15.7%	0.36%	−0.08
AVTR Avantor Inc.	Add +2.6%	0.83%	−0.11
TAP Molson Coors Beverage Co. Class B	Add +0.4%	0.45%	−0.12
BAX Baxter International Inc.	Add +0.1%	0.55%	−0.13
ZBH Zimmer Biomet Holdings Inc.	Add +2.0%	1.09%	−0.17

Notes & Other Activity Q1 2024 → Q2 2024


OXY.WS Occidental Petroleum-CW27	*W EXP 08/03/202	Reduce -0.0%	14,270,270	$587.4M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	222	$191.0B	JCI, SCHW, RTX, CVS, MSFT
Q1 2026	222	$182.0B	JCI, SCHW, RTX, OXY, MSFT
Q4 2025	222	$185.3B	SCHW, JCI, RTX, CVS, FDX
Q3 2025	219	$185.3B	SCHW, JCI, RTX, CVS, FISV
Q2 2025	219	$178.0B	SCHW, JCI, RTX, FISV, CVS
Q1 2025	214	$175.5B	SCHW, FISV, JCI, RTX, CVS
Q4 2024	213	$171.4B	SCHW, FISV, JCI, RTX, WFC
Q3 2024	204	$176.4B	JCI, FISV, SCHW, RTX, WFC
Q2 2024	201	$166.0B	SCHW, JCI, WFC, GOOG, FISV
Q1 2024	198	$171.8B	WFC, SCHW, FISV, JCI, OXY