Dodge & Cox

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Dodge & Cox reported 222 stock positions worth $182.0 billion. Its top holding was Johnson Controls Internation (JCI) at 4.1% of the portfolio, followed by Schwab (charles) (SCHW, 3.9%) and RTX (RTX, 3.8%). Compared with Q4 2025, it opened 5 new positions, sold out of 6, added to 50 and reduced 111. The biggest buy was a new position in Sunbelt Rentals (SUNB) and the biggest sale General Electric (GE, shares −86%).

Most Recent 13F
Q2 2026
Location
San Francisco, CA
CIK
0000200217
Portfolio Value
$182.0B (Q1 2026)
SEC Filing
0001193125-26-223352 ↗ filed May 14, 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 $182.0B Q1 2026 Q2 2026: $191.0B Q2 2026

Holdings 222 stocks · $182.0B
JCI Johnson Controls Internation 4.14% 57,506,214 $7.5B Reduce -4.8%
SCHW Schwab (charles) Corp. 3.87% 75,002,881 $7.0B Reduce -2.0%
RTX RTX Corp. 3.76% 35,473,379 $6.8B Reduce -5.6%
OXY Occidental Petroleum Corp. 2.65% 74,085,572 $4.8B Reduce -6.8%
MSFT Microsoft Corp. 2.43% 11,959,935 $4.4B Add +60.7%
BKNG Booking Holdings Inc. 2.31% 997,498 $4.2B Add +36.3%
CVS CVS Health Corp. 2.04% 51,780,116 $3.7B Reduce -17.2%
MET Metlife Inc. 1.99% 51,114,776 $3.6B Reduce -2.2%
FDX FedEx Corp. 1.95% 9,983,449 $3.6B Reduce -35.9%
GOOG Alphabet Inc. Class C 1.93% 12,228,518 $3.5B Reduce -5.0%
SUNB Sunbelt Rentals Holdings Inc. 1.90% 53,101,847 $3.5B New
REGN Regeneron Pharmaceuticals 1.89% 4,458,238 $3.4B Reduce -3.0%
GILD Gilead Sciences Inc. 1.86% 24,250,826 $3.4B Reduce -7.7%
CMCSA Comcast Corp. Class A 1.78% 113,108,244 $3.2B Add +0.1%
GSK GSK PLC-Spon ADR 1.78% 58,662,974 $3.2B Reduce -14.4%
CHTR Charter Communications Inc. Class A 1.74% 14,627,209 $3.2B Add +0.1%
AMZN Amazon.com Inc. 1.73% 15,109,899 $3.1B Reduce -0.8%
CI The Cigna Group 1.69% 11,555,787 $3.1B Add +3.8%
TEL Te Connectivity PLC 1.69% 14,688,950 $3.1B Reduce -1.2%
GOOGL Alphabet Inc. Class A 1.68% 10,624,415 $3.1B Reduce -1.9%
META Meta Platforms Inc. Class A 1.58% 5,014,319 $2.9B Reduce -0.1%
FISV Fiserv Inc. 1.54% 50,260,950 $2.8B Add +1.6%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.53% 23,401,794 $2.8B Reduce -9.3%
APD Air Products & Chemicals Inc. 1.47% 9,231,575 $2.7B Reduce -0.1%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 1.45% 36,472,942 $2.6B Add +0.2%
AON Aon PLC Class A 1.44% 8,116,095 $2.6B Add +3.4%
UNH Unitedhealth Group Inc. 1.41% 9,466,756 $2.6B Add +3.2%
WFC Wells Fargo & Co. 1.36% 31,168,331 $2.5B Reduce -3.5%
BN Brookfield Corp. 1.32% 59,186,855 $2.4B Add +43.4%
FTV Fortive Corp. 1.31% 43,156,197 $2.4B Reduce -2.3%
FIS Fidelity National Info Serv 1.26% 49,073,157 $2.3B Reduce -0.1%
GEHC GE Healthcare Technology 1.22% 31,312,064 $2.2B Add +0.3%
BKR Baker Hughes Co. 1.20% 35,871,558 $2.2B Reduce -12.0%
WTW Willis Towers Watson PLC 1.17% 7,332,414 $2.1B Add +5.9%
ZBH Zimmer Biomet Holdings Inc. 1.17% 23,542,700 $2.1B Add +0.1%
SBAC SBA Communications Corp. 1.14% 12,080,284 $2.1B Add +0.7%
BUD Anheuser-Busch Inbev-SPN ADR 1.13% 29,683,736 $2.1B Reduce -10.4%
HUM Humana Inc. 1.08% 11,380,673 $2.0B Add +0.8%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.99% 14,266,030 $1.8B Reduce -1.6%
NSC Norfolk Southern Corp. 0.99% 6,257,750 $1.8B Reduce -35.0%
SU Suncor Energy Inc. 0.95% 26,262,454 $1.7B Reduce -3.6%
ELAN Elanco Animal Health Inc. 0.91% 68,944,100 $1.6B Reduce -12.8%
COF Capital One Financial Corp. 0.88% 8,774,932 $1.6B Reduce -4.2%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.88% 7,354,915 $1.6B Add +735.2%
CARR Carrier Global Corp. 0.82% 26,622,273 $1.5B Add +98.4%
HLN Haleon PLC-ADR 0.81% 146,539,663 $1.5B Reduce -3.4%
SNY Sanofi-ADR 0.78% 29,504,632 $1.4B Reduce -47.8%
CPNG Coupang Inc. 0.75% 72,008,120 $1.4B Add +46.3%
LYB Lyondellbasell Indu Class A 0.75% 16,839,152 $1.4B Reduce -0.2%
UBS UBS Group AG-Reg 0.72% 33,644,642 $1.3B Reduce -0.1%
TMUS T-Mobile US Inc. 0.71% 6,157,799 $1.3B Reduce -0.5%
COP Conocophillips 0.70% 9,645,858 $1.3B Reduce -6.3%
LPLA LPL Financial Holdings Inc. 0.69% 4,146,547 $1.2B Add +5.0%
BABA Alibaba Group Holding-SP ADR 0.68% 9,917,770 $1.2B Reduce -1.0%
D Dominion Energy Inc. 0.66% 19,477,520 $1.2B Reduce -12.1%
ROP Roper Technologies Inc. 0.65% 3,343,694 $1.2B New
GS Goldman Sachs Group Inc. 0.64% 1,380,455 $1.2B Reduce -19.3%
BAP Credicorp Ltd. 0.64% 3,410,175 $1.2B Reduce -11.9%
INCY Incyte Corp. 0.63% 12,252,356 $1.2B Reduce -7.6%
AEP American Electric Power 0.63% 8,739,835 $1.1B Reduce -6.5%
ADM Archer-Daniels-Midland Co. 0.63% 15,757,140 $1.1B Reduce -7.8%
TRU Transunion 0.62% 16,189,511 $1.1B Add +64.5%
NVS Novartis AG-Sponsored ADR 0.58% 6,967,383 $1.1B Reduce -22.7%
CE Celanese Corp. 0.55% 15,345,910 $1.0B Add +0.3%
CX Cemex Sab-Spons ADR Part Cer 0.54% 85,236,570 $975.1M Add +0.5%
TDY Teledyne Technologies Inc. 0.53% 1,604,265 $970.6M Reduce -4.8%
BAX Baxter International Inc. 0.53% 57,254,570 $961.9M Add +0.5%
AVTR Avantor Inc. 0.52% 119,648,329 $938.0M Add +2.2%
CTSH Cognizant Tech Solutions-A 0.48% 14,272,907 $875.6M Reduce -4.7%
BMRN Biomarin Pharmaceutical Inc. 0.45% 14,561,759 $822.6M Reduce -0.1%
HPQ HP Inc. 0.44% 41,592,541 $799.0M Add +20.6%
TAP Molson Coors Beverage Co. Class B 0.44% 18,523,049 $797.6M Reduce -0.5%
FCNCA First Citizens Bcshs Class A 0.41% 393,087 $740.8M Add +1145.3%
NBIX Neurocrine Biosciences Inc. 0.40% 5,461,037 $719.4M Reduce -0.8%
NVO Novo-Nordisk A/S-Spons ADR 0.39% 19,333,750 $710.5M New
MDT Medtronic PLC 0.37% 7,694,608 $666.7M Reduce -0.6%
LIN Linde PLC 0.36% 1,326,590 $657.7M Reduce -0.2%
ALNY Alnylam Pharmaceuticals Inc. 0.35% 1,929,253 $638.3M Reduce -1.8%
FOXA Fox Corp. Class A 0.35% 10,896,842 $636.4M Reduce -6.2%
XP XP Inc. Class A 0.34% 32,726,688 $623.1M Reduce -3.6%
TIGO Millicom Intl Cellular S.A. 0.34% 8,162,432 $611.7M Add +0.4%
ADBE Adobe Inc. 0.33% 2,495,595 $606.6M Add +15.3%
GLPI Gaming and Leisure Propertie 0.33% 13,458,157 $597.1M Reduce -1.0%
RAL Ralliant Corp. 0.31% 13,747,551 $571.8M Add +12.6%
VFC VF Corp. 0.31% 33,024,625 $561.1M Reduce -18.8%
TRP TC Energy Corp. 0.31% 8,892,400 $556.7M Reduce -4.3%
PDD PDD Holdings Inc. 0.25% 4,537,600 $463.7M Add +2.2%
STT State Street Corp. 0.24% 3,499,879 $442.9M Reduce -26.2%
YUMC Yum China Holdings Inc. 0.22% 8,351,762 $407.4M Reduce -2.4%
MCHP Microchip Technology Inc. 0.22% 6,129,716 $396.0M Reduce -0.9%
FOX Fox Corp. Class B 0.21% 7,178,894 $381.2M Reduce -1.1%
AEG Aegon Ltd.-NY Reg SHR 0.20% 50,556,509 $367.0M Reduce -28.3%
JD Jd.com Inc.-ADR 0.20% 12,194,648 $360.6M No change
BNTX Biontech SE-ADR 0.18% 3,676,791 $326.8M Add +1.7%
NWSA News Corp. Class A 0.17% 12,256,246 $305.5M Reduce -1.6%
BMY Bristol-Myers Squibb Co. 0.15% 4,622,820 $280.4M Reduce -34.7%
NTES Netease Inc.-ADR 0.13% 2,156,976 $241.5M Add +0.1%
GE General Electric filed as GE AEROSPACE 0.12% 737,999 $209.4M Reduce -85.8%
VSNT Versant Media Group Inc. 0.09% 4,510,956 $167.0M Reduce -0.2%
ITUB Itau Unibanco H-Spon PRF ADR 0.09% 19,169,381 $160.6M Add +0.3%

Show all 222 holdings

Portfolio Sells Q4 2025 → Q1 2026
GE General Electric Reduce -85.8% 0.12% −0.75
SNY Sanofi-ADR Reduce -47.8% 0.78% −0.70
CVS CVS Health Corp. Reduce -17.2% 2.04% −0.63
NSC Norfolk Southern Corp. Reduce -35.0% 0.99% −0.51
FIS Fidelity National Info Serv Reduce -0.1% 1.26% −0.50
FDX FedEx Corp. Reduce -35.9% 1.95% −0.48
COF Capital One Financial Corp. Reduce -4.2% 0.88% −0.32
WFC Wells Fargo & Co. Reduce -3.5% 1.36% −0.26
GOOG Alphabet Inc. Class C Reduce -5.0% 1.93% −0.25
SCHW Schwab (charles) Corp. Reduce -2.0% 3.87% −0.25
MET Metlife Inc. Reduce -2.2% 1.99% −0.24
META Meta Platforms Inc. Class A Reduce -0.1% 1.58% −0.21
CTSH Cognizant Tech Solutions-A Reduce -4.7% 0.48% −0.19
GS Goldman Sachs Group Inc. Reduce -19.3% 0.64% −0.17
AMZN Amazon.com Inc. Reduce -0.8% 1.73% −0.17
AMRZ Amrize Ltd. Sold out 0.00% −0.16
GOOGL Alphabet Inc. Class A Reduce -1.9% 1.68% −0.15
TEL Te Connectivity PLC Reduce -1.2% 1.69% −0.14
IEX Idex Corp. Sold out 0.00% −0.12
UBS UBS Group AG-Reg Reduce -0.1% 0.72% −0.12
BABA Alibaba Group Holding-SP ADR Reduce -1.0% 0.68% −0.11
FOXA Fox Corp. Class A Reduce -6.2% 0.35% −0.11
BNY Bank of New York Mellon Corp. Reduce -9.3% 1.53% −0.09
AEG Aegon Ltd.-NY Reg SHR Reduce -28.3% 0.20% −0.09
VFC VF Corp. Reduce -18.8% 0.31% −0.09
STT State Street Corp. Reduce -26.2% 0.24% −0.09
NVS Novartis AG-Sponsored ADR Reduce -22.7% 0.58% −0.09
INCY Incyte Corp. Reduce -7.6% 0.63% −0.07
ALNY Alnylam Pharmaceuticals Inc. Reduce -1.8% 0.35% −0.07
ELAN Elanco Animal Health Inc. Reduce -12.8% 0.91% −0.06
BMY Bristol-Myers Squibb Co. Reduce -34.7% 0.15% −0.05
FOX Fox Corp. Class B Reduce -1.1% 0.21% −0.04
D Dominion Energy Inc. Reduce -12.1% 0.66% −0.04
MDT Medtronic PLC Reduce -0.6% 0.37% −0.03
GSK GSK PLC-Spon ADR Reduce -14.4% 1.78% −0.03
TAP Molson Coors Beverage Co. Class B Reduce -0.5% 0.44% −0.03
NBIX Neurocrine Biosciences Inc. Reduce -0.8% 0.40% −0.03
REGN Regeneron Pharmaceuticals Reduce -3.0% 1.89% −0.02
HLN Haleon PLC-ADR Reduce -3.4% 0.81% −0.02
BMRN Biomarin Pharmaceutical Inc. Reduce -0.1% 0.45% −0.02
BUD Anheuser-Busch Inbev-SPN ADR Reduce -10.4% 1.13% −0.01
LBTYA Liberty Global Ltd. Class A Reduce -52.3% 0.01% −0.01
AXP American Express Co. Reduce -5.2% 0.05% −0.01
BAC Bank of America Corp. Reduce -9.4% 0.05% −0.01
NWSA News Corp. Class A Reduce -1.6% 0.17% −0.01
LBTYK Liberty Global Ltd. Class C Reduce -21.4% 0.03% −0.01
FTV Fortive Corp. Reduce -2.3% 1.31% −0.01
CDNS Cadence Design SYS Inc. Reduce -2.7% 0.04% −0.00
LLY Eli Lilly & Co. Reduce -1.1% 0.02% −0.00
DIS The Walt Disney Co. Reduce -1.3% 0.01% −0.00

Portfolio Buys Q4 2025 → Q1 2026
SUNB Sunbelt Rentals Holdings Inc. New 1.90% +1.90
AJG Arthur J Gallagher & Co. Add +735.2% 0.88% +0.75
ROP Roper Technologies Inc. New 0.65% +0.65
MSFT Microsoft Corp. Add +60.7% 2.43% +0.49
CARR Carrier Global Corp. Add +98.4% 0.82% +0.44
NVO Novo-Nordisk A/S-Spons ADR New 0.39% +0.39
FCNCA First Citizens Bcshs Class A Add +1145.3% 0.41% +0.37
BN Brookfield Corp. Add +43.4% 1.32% +0.29
CE Celanese Corp. Add +0.3% 0.55% +0.21
BKNG Booking Holdings Inc. Add +36.3% 2.31% +0.19
TRU Transunion Add +64.5% 0.62% +0.16
IFF Intl Flavors & Fragrances Add +0.2% 1.45% +0.13
CPNG Coupang Inc. Add +46.3% 0.75% +0.12
TIGO Millicom Intl Cellular S.A. Add +0.4% 0.34% +0.09
CHTR Charter Communications Inc. Class A Add +0.1% 1.74% +0.09
CI The Cigna Group Add +3.8% 1.69% +0.04
ZBH Zimmer Biomet Holdings Inc. Add +0.1% 1.17% +0.03
HPQ HP Inc. Add +20.6% 0.44% +0.02
ITUB Itau Unibanco H-Spon PRF ADR Add +0.3% 0.09% +0.01
CX Cemex Sab-Spons ADR Part Cer Add +0.5% 0.54% +0.01
TBBB BBB Foods Inc. Class A New 0.00% +0.00
KSPI JSC Kaspi.kz ADR Add +14.4% 0.01% +0.00
TCOM Trip.com Group Ltd.-ADR Add +155.8% 0.00% +0.00
KARO Karooooo Ltd. Add +72.9% 0.00% +0.00
BIDU Baidu Inc. - Spon ADR Add +66.4% 0.00% +0.00
VIPS Vipshop Holdings Ltd. - ADR Add +53.6% 0.00% +0.00
MELI MercadoLibre Inc. Add +42.7% 0.00% +0.00
JBS JBS NV-A Add +164.0% 0.00% +0.00
ACMR Acm Research Inc. Class A Add +6.7% 0.00% +0.00
ZH Zhihu Inc. - ADR Add +50.7% 0.00% +0.00
PAX Patria Investments Ltd. Class A Add +148.1% 0.00% +0.00
ABEV Ambev SA-ADR Add +3.4% 0.00% +0.00
HAL Halliburton Co. New 0.00% +0.00
LAUR Laureate Education Inc. Add +38.2% 0.00% +0.00
LOMA Loma Negra Cia Ind-Spon ADR Add +66.0% 0.00% +0.00
AFYA Afya Ltd. Class A Add +44.9% 0.00% +0.00
CPA Copa Holdings SA Class A Add +51.9% 0.00% +0.00
DLO Dlocal Ltd. Add +21.8% 0.00% 0.00
BNTX Biontech SE-ADR Add +1.7% 0.18% −0.01
PDD PDD Holdings Inc. Add +2.2% 0.25% −0.02
RAL Ralliant Corp. Add +12.6% 0.31% −0.02
NTES Netease Inc.-ADR Add +0.1% 0.13% −0.03
HDB HDFC Bank Ltd.-ADR Add +3.4% 0.08% −0.03
CMCSA Comcast Corp. Class A Add +0.1% 1.78% −0.04
AON Aon PLC Class A Add +3.4% 1.44% −0.06
WTW Willis Towers Watson PLC Add +5.9% 1.17% −0.06
BAX Baxter International Inc. Add +0.5% 0.53% −0.06
ADBE Adobe Inc. Add +15.3% 0.33% −0.08
LPLA LPL Financial Holdings Inc. Add +5.0% 0.69% −0.08
SBAC SBA Communications Corp. Add +0.7% 1.14% −0.11

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