What Dodge & Cox Bought in Q2 2025
Dodge & Cox · Quarterly 13F recap as filed with the SEC.
Period: 2025-06-30 · Filed · Historical
$177.97B
Total Value
219
Holdings
9
New Buys
100
Reduced
In Q2 2025, Dodge & Cox reported 219 long equity positions worth $177.97B in their Dodge & Cox 13F filing, including 9 new positions (largest: Teledyne Technologies, Inc. at $767.3M) and 68 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | SCHW | The Charles Schwab Corp. | 84357885 | $7.70B | 4.32% | -4.9% |
| 2 | JCI | Johnson Controls International PLC | 66922767 | $7.07B | 3.97% | -5.5% |
| 3 | RTX | RTX Corp. | 41753934 | $6.10B | 3.43% | -1.4% |
| 4 | FISV | Fiserv, Inc. | 29719536 | $5.12B | 2.88% | -2.8% |
| 5 | CVS | CVS Health Corp. | 73288766 | $5.06B | 2.84% | -0.2% |
| 6 | CHTR | Charter Communications | 11126486 | $4.55B | 2.56% | -3.3% |
| 7 | MET | MetLife, Inc. | 53181881 | $4.28B | 2.40% | -1.4% |
| 8 | BKNG | Booking Holdings, Inc. | 730473 | $4.23B | 2.38% | -5.9% |
| 9 | WFC | Wells Fargo & Co. | 50745861 | $4.07B | 2.28% | -11.9% |
| 10 | MSFT | Microsoft Corp. | 8142260 | $4.05B | 2.28% | -8.3% |
| 11 | CMCSA | Comcast Corporation | 111272320 | $3.97B | 2.23% | 18.1% |
| 12 | AMZN | Amazon.com, Inc. | 16592150 | $3.64B | 2.05% | +0.4% |
| 13 | SNY | Sanofi SA | 71718315 | $3.46B | 1.95% | -2.0% |
| 14 | BNY | The Bank of New York Mellon Corp. | 37619374 | $3.43B | 1.93% | -10.4% |
| 15 | GILD | Gilead Sciences, Inc. | 30818322 | $3.42B | 1.92% | -5.7% |
| 16 | OXY | Occidental Petroleum Corp. | 80254372 | $3.37B | 1.89% | -0.7% |
| 17 | FDX | FedEx Corp. | 14482494 | $3.29B | 1.85% | +4.7% |
| 18 | META | Meta Platforms, Inc. | 4163253 | $3.07B | 1.73% | +18.1% |
| 19 | GSK | GSK plc | 78757869 | $3.02B | 1.70% | +0.1% |
| 20 | CI | The Cigna Group | 8950610 | $2.96B | 1.66% | +0.7% |
| 21 | TEL | TE Connectivity PLC | 17039803 | $2.87B | 1.61% | +6.3% |
| 22 | FIS | Fidelity National Information Services, Inc. | 35274497 | $2.87B | 1.61% | +1.3% |
| 23 | NSC | Norfolk Southern Corp. | 10859121 | $2.78B | 1.56% | +1.8% |
| 24 | HUM | Humana, Inc. | 11352920 | $2.78B | 1.56% | +5.6% |
| 25 | COF | Capital One Financial | 12856456 | $2.74B | 1.54% | -21.0% |
| 26 | UNH | UnitedHealth Group, Inc. | 8750560 | $2.73B | 1.53% | +117.7% |
| 27 | BUDFF | Anheuser-Busch InBev SA/NV | 38477542 | $2.64B | 1.49% | -6.4% |
| 28 | IFF | International Flavors & Fragrances, Inc. | 35047387 | $2.58B | 1.45% | +3.8% |
| 29 | GOOG | Alphabet, Inc. | 14179423 | $2.52B | 1.41% | -16.8% |
| 30 | APD | Air Products & Chemicals, Inc. | 8821400 | $2.49B | 1.40% | +0.7% |
| 31 | GS | The Goldman Sachs Group, Inc. | 3306574 | $2.34B | 1.31% | -1.3% |
| 32 | GE | GE Aerospace | 9065811 | $2.33B | 1.31% | +-35.2% |
| 33 | SBAC | SBA Communications Corp. | 8608494 | $2.02B | 1.14% | +1.5% |
| 34 | ZBH | Zimmer Biomet Holdings, Inc. | 22097463 | $2.02B | 1.13% | +12.9% |
| 35 | REGN | Regeneron Pharmaceuticals, Inc. | 3826283 | $2.01B | 1.13% | +64.6% |
| 36 | GOOGL | Alphabet, Inc. | 11275218 | $1.99B | 1.12% | -2.8% |
| 37 | SUI | Sun Communities, Inc. | 14198760 | $1.80B | 1.01% | +4.0% |
| 38 | GEHC | GE HealthCare Technologies, Inc. | 23567950 | $1.75B | 0.98% | +42.1% |
| 39 | FTV | Fortive Corp. | 33173605 | $1.73B | 0.97% | +51.5% |
| 40 | BKR | Baker Hughes Co. | 44582813 | $1.71B | 0.96% | -0.2% |
| 41 | HLNCF | Haleon PLC | 155471999 | $1.61B | 0.91% | -8.1% |
| 42 | AVTR | Avantor, Inc. | 117433484 | $1.58B | 0.89% | +17.1% |
| 43 | BAX | Baxter International, Inc. | 52121620 | $1.58B | 0.89% | +1.3% |
| 44 | UBS | UBS Group AG | 45635942 | $1.54B | 0.87% | -37.1% |
| 45 | CPNG | Coupang, Inc. | 46614520 | $1.40B | 0.78% | +14.3% |
| 46 | D | Dominion Energy, Inc. | 22925248 | $1.30B | 0.73% | -1.6% |
| 47 | NVS | Novartis AG | 10647629 | $1.29B | 0.72% | -9.9% |
| 48 | CTSH | Cognizant Technology Solutions Corp. | 16267302 | $1.27B | 0.71% | -11.0% |
| 49 | BABA | Alibaba Group Holding, Ltd. | 10964270 | $1.24B | 0.70% | -3.1% |
| 50 | ELAN | Elanco Animal Health, Inc. | 82895232 | $1.18B | 0.67% | -0.0% |
| 51 | BAP | Credicorp, Ltd. | 5147380 | $1.15B | 0.65% | -3.1% |
| 52 | ALNY | Alnylam Pharmaceuticals, Inc. | 3197096 | $1.04B | 0.59% | -4.6% |
| 53 | SU | Suncor Energy, Inc. | 27401654 | $1.03B | 0.58% | -3.4% |
| 54 | LPLA | LPL Financial Holdings, Inc. | 2701709 | $1.01B | 0.57% | +77.3% |
| 55 | COP | ConocoPhillips | 11235453 | $1.01B | 0.57% | +0.1% |
| 56 | INCY | Incyte Corp. | 14595181 | $993.9M | 0.56% | -1.8% |
| 57 | AEP | American Electric Power Co., Inc. | 9572403 | $993.2M | 0.56% | +-11.5% |
| 58 | LYB | LyondellBasell Industries NV | 16969997 | $981.9M | 0.55% | +0.4% |
| 59 | TMUS | T-Mobile U.S., Inc. | 4100279 | $976.9M | 0.55% | -29.7% |
| 60 | CARR | Carrier Global Corp. | 12776049 | $935.1M | 0.53% | -10.6% |
| 61 | HPQ | HP, Inc. | 34943498 | $854.7M | 0.48% | +4.6% |
| 62 | CE | Celanese Corp. | 15324667 | $847.9M | 0.48% | -0.4% |
| 63 | BAC | Bank of America Corp. | 17860502 | $845.2M | 0.47% | -15.0% |
| 64 | BMRN | BioMarin Pharmaceutical, Inc. | 15108310 | $830.5M | 0.47% | +1.0% |
| 65 | STT | State Street Corp. | 7412414 | $788.2M | 0.44% | +1.1% |
| 66 | FOXA | Fox Corp. | 14017947 | $785.6M | 0.44% | -28.6% |
| 67 | TDY | Teledyne Technologies, Inc. | 1497740 | $767.3M | 0.43% | NEW |
| 68 | NBIX | Neurocrine Biosciences, Inc. | 5566814 | $699.7M | 0.39% | +0.6% |
| 69 | XP | XP, Inc. | 34308445 | $693.0M | 0.39% | -19.3% |
| 70 | TAP | Molson Coors Beverage Co. | 14396195 | $692.3M | 0.39% | +2.3% |
| 71 | MDT | Medtronic PLC | 7740383 | $674.7M | 0.38% | +0.4% |
| 72 | CXMSF | Cemex SAB de CV | 95023835 | $658.5M | 0.37% | +35.1% |
| 73 | AEFC | Aegon, Ltd. | 88737090 | $642.5M | 0.36% | +-24.5% |
| 74 | GLPI | Gaming & Leisure Properties, Inc. | 13618357 | $635.7M | 0.36% | +0.8% |
| 75 | LIN | Linde PLC | 1329590 | $623.8M | 0.35% | — |
| 76 | AMRZ | Amrize, Ltd. | 12470706 | $622.1M | 0.35% | NEW |
| 77 | JD | JD.com, Inc. | 18705949 | $610.6M | 0.34% | +3.6% |
| 78 | NTR | Nutrien, Ltd. | 10076659 | $586.9M | 0.33% | -19.1% |
| 79 | RAL | Ralliant Corp. | 10797506 | $523.6M | 0.29% | NEW |
| 80 | VFC | VF Corp. | 40954100 | $481.2M | 0.27% | -0.0% |
| 81 | TRPEF | TC Energy Corp. | 9645800 | $470.6M | 0.26% | +-8.0% |
| 82 | BIDU | Baidu, Inc. | 5427715 | $465.5M | 0.26% | -0.2% |
| 83 | MCHPP | Microchip Technology, Inc. | 6339800 | $446.1M | 0.25% | +958.4% |
| 84 | WTW | Willis Towers Watson PLC | 1278423 | $391.8M | 0.22% | NEW |
| 85 | BMY | Bristol-Myers Squibb | 8436759 | $390.5M | 0.22% | +-35.3% |
| 86 | NWSLL | News Corp. | 13016220 | $386.8M | 0.22% | -6.0% |
| 87 | YUMC | Yum China Holdings, Inc. | 8516462 | $380.8M | 0.21% | +0.0% |
| 88 | FOX | Fox Corp. | 7308816 | $377.4M | 0.21% | +-27.6% |
| 89 | ECHO | EchoStar Corp. | 13398270 | $371.1M | 0.21% | -0.1% |
| 90 | NTES | NetEase, Inc. | 2745776 | $369.5M | 0.21% | -2.1% |
| 91 | ADM | Archer-Daniels-Midland Co. | 6549624 | $345.7M | 0.19% | NEW |
| 92 | TCKRF | Teck Resources, Ltd. | 8467540 | $341.9M | 0.19% | -0.2% |
| 93 | MLCMF | Millicom International Cellular SA | 8836132 | $331.1M | 0.19% | +1.5% |
| 94 | HDB | HDFC Bank, Ltd. | 2982400 | $228.7M | 0.13% | -7.7% |
| 95 | FLUT | Flutter Entertainment PLC | 628878 | $179.7M | 0.10% | — |
| 96 | COHR | Coherent Corp. | 1731595 | $154.5M | 0.09% | -73.1% |
| 97 | GRPFF | Grupo Televisa SAB | 64208690 | $140.6M | 0.08% | -0.0% |
| 98 | SNNRF | Sunrise Communications AG | 2289925 | $129.5M | 0.07% | — |
| 99 | ITUB | Itau Unibanco Holding SA | 17675815 | $120.0M | 0.07% | +1.0% |
| 100 | GAP | The Gap, Inc. | 5439326 | $118.6M | 0.07% | +-81.1% |
| 101 | AXP | American Express Co. | 358414 | $114.3M | 0.06% | -4.2% |
| 102 | FMCQF | Fresenius Medical Care AG | 3826910 | $109.3M | 0.06% | -8.3% |
| 103 | BNTX | BioNTech SE | 877437 | $93.4M | 0.05% | NEW |
| 104 | GEV | GE Vernova, Inc. | 162221 | $85.8M | 0.05% | -5.5% |
| 105 | JPM | JPMorgan Chase & Co. | 267683 | $77.6M | 0.04% | -3.4% |
| 106 | CDNS | Cadence Design Systems, Inc. | 246472 | $76.0M | 0.04% | -0.4% |
| 107 | WMB | The Williams Co., Inc. | 1134547 | $71.3M | 0.04% | -95.7% |
| 108 | LBTYK | Liberty Global, Ltd. | 6682068 | $68.9M | 0.04% | — |
| 109 | UNP | Union Pacific Corp. | 275441 | $63.4M | 0.04% | -0.2% |
| 110 | LBTYK | Liberty Global, Ltd. | 4767561 | $47.7M | 0.03% | — |
| 111 | CSCO | Cisco Systems, Inc. | 621455 | $43.1M | 0.02% | +-97.1% |
| 112 | DIS | The Walt Disney Co. | 292103 | $36.2M | 0.02% | -1.4% |
| 113 | LLY | Eli Lilly & Co. | 44957 | $35.0M | 0.02% | -0.3% |
| 114 | TRV | The Travelers Co., Inc. | 103926 | $27.8M | 0.02% | -2.7% |
| 115 | CVX | Chevron Corp. | 181857 | $26.0M | 0.01% | -0.5% |
| 116 | TSM | Taiwan Semiconductor Manufacturing Co., Ltd. | 107800 | $24.4M | 0.01% | +0.3% |
| 117 | SLB | Schlumberger NV | 566284 | $19.1M | 0.01% | -6.8% |
| 118 | WMT | Walmart, Inc. | 179085 | $17.5M | 0.01% | -0.7% |
| 119 | CAT | Caterpillar, Inc. | 41921 | $16.3M | 0.01% | -0.1% |
| 120 | PG | The Procter & Gamble Co. | 94301 | $15.0M | 0.01% | -0.1% |
| 121 | IBM | International Business Machines Corp. | 48071 | $14.2M | 0.01% | +41.8% |
| 122 | NESR | National Energy Services Reunited Corp. | 2136794 | $12.9M | 0.01% | 201.6% |
| 123 | MRK | Merck & Co., Inc. | 157300 | $12.5M | 0.01% | +0.1% |
| 124 | TGT | Target Corp. | 109909 | $10.8M | 0.01% | -3.3% |
| 125 | TMO | Thermo Fisher Scientific, Inc. | 25941 | $10.5M | 0.01% | -0.6% |
| 126 | BSX | Boston Scientific Corp. | 90385 | $9.7M | 0.01% | -1.4% |
| 127 | AZNN | AstraZeneca PLC | 137488 | $9.6M | 0.01% | +1.0% |
| 128 | HD | The Home Depot, Inc. | 23622 | $8.7M | 0.00% | +1.5% |
| 129 | XOM | Exxon Mobil Corp. | 77616 | $8.4M | 0.00% | -0.3% |
| 130 | ADBE | Adobe, Inc. | 19657 | $7.6M | 0.00% | -1.2% |
| 131 | ADI | Analog Devices, Inc. | 30805 | $7.3M | 0.00% | -0.9% |
| 132 | DE | Deere & Co. | 12736 | $6.5M | 0.00% | — |
| 133 | VMC | Vulcan Materials Co. | 24200 | $6.3M | 0.00% | — |
| 134 | AAPL | Apple, Inc. | 30244 | $6.2M | 0.00% | +11.4% |
| 135 | BRK.B | Berkshire Hathaway Inc. Class B | 12740 | $6.2M | 0.00% | — |
| 136 | HES | Hess Corp. | 44525 | $6.2M | 0.00% | -2.9% |
| 137 | AVGO | Broadcom, Inc. | 21180 | $5.8M | 0.00% | +2.5% |
| 138 | SNPS | Synopsys, Inc. | 11000 | $5.6M | 0.00% | -2.2% |
| 139 | MSI | Motorola Solutions, Inc. | 11355 | $4.8M | 0.00% | +1.1% |
| 140 | SHEL | Shell PLC | 57213 | $4.0M | 0.00% | -0.4% |
| 141 | AMGN | Amgen, Inc. | 13682 | $3.8M | 0.00% | +1.1% |
| 142 | DHR | Danaher Corp. | 16525 | $3.3M | 0.00% | — |
| 143 | JNJ | Johnson & Johnson | 20947 | $3.2M | 0.00% | -0.7% |
| 144 | PM | Philip Morris International, Inc. | 17000 | $3.1M | 0.00% | — |
| 145 | DELL | Dell Technologies, Inc. | 24630 | $3.0M | 0.00% | +1.1% |
| 146 | BRK.A | Berkshire Hathaway Inc. Class A | 4 | $2.9M | 0.00% | — |
| 147 | SPGI | S&P Global, Inc. | 5400 | $2.8M | 0.00% | — |
| 148 | JNPR | Juniper Networks, Inc. | 66959 | $2.7M | 0.00% | -3.8% |
| 149 | PNC | The PNC Financial Services Group, Inc. | 14080 | $2.6M | 0.00% | -0.8% |
| 150 | PFE | Pfizer, Inc. | 107960 | $2.6M | 0.00% | -1.6% |
| 151 | JOYY | JOYY, Inc. | 49606 | $2.5M | 0.00% | -5.5% |
| 152 | ABT | Abbott Laboratories | 17324 | $2.4M | 0.00% | — |
| 153 | HNDAF | Honda Motor Co., Ltd. | 78950 | $2.3M | 0.00% | +-99.6% |
| 154 | ACMR | ACM Research, Inc. | 81092 | $2.1M | 0.00% | +28.5% |
| 155 | GLW | Corning, Inc. | 39900 | $2.1M | 0.00% | -1.7% |
| 156 | ABBV | AbbVie, Inc. | 10473 | $1.9M | 0.00% | — |
| 157 | MCD | McDonald's Corp. | 6573 | $1.9M | 0.00% | — |
| 158 | OTIS | Otis Worldwide Corp. | 19320 | $1.9M | 0.00% | -11.0% |
| 159 | VIPS | Vipshop Holdings, Ltd. | 124197 | $1.9M | 0.00% | +4.5% |
| 160 | HON | Honeywell International, Inc. | 8019 | $1.9M | 0.00% | — |
| 161 | HPE-PC | Hewlett Packard Enterprise Co. | 88583 | $1.8M | 0.00% | +-28.5% |
| 162 | PH | Parker-Hannifin Corp. | 2500 | $1.7M | 0.00% | — |
| 163 | KO | The Coca-Cola Co. | 24635 | $1.7M | 0.00% | — |
| 164 | NEE-PS | NextEra Energy, Inc. | 23600 | $1.6M | 0.00% | — |
| 165 | CTVA | Corteva, Inc. | 20961 | $1.6M | 0.00% | -1.6% |
| 166 | UNLYF | Unilever PLC | 23900 | $1.5M | 0.00% | — |
| 167 | MMM | 3M Co. | 9146 | $1.4M | 0.00% | -0.5% |
| 168 | CL | Colgate-Palmolive Co. | 14000 | $1.3M | 0.00% | — |
| 169 | MO | Altria Group, Inc. | 21000 | $1.2M | 0.00% | — |
| 170 | LVS | Las Vegas Sands Corp. | 28186 | $1.2M | 0.00% | +19.0% |
| 171 | DEO | Diageo PLC | 11197 | $1.1M | 0.00% | -15.2% |
| 172 | TRPCF | Trip.com Group, Ltd. | 19250 | $1.1M | 0.00% | +11.9% |
| 173 | DD | DuPont de Nemours, Inc. | 15551 | $1.1M | 0.00% | -8.8% |
| 174 | HAL | Halliburton Co. | 51760 | $1.1M | 0.00% | -29.7% |
| 175 | EBAY | eBay, Inc. | 14100 | $1.0M | 0.00% | -4.1% |
| 176 | AMP | Ameriprise Financial, Inc. | 1827 | $975K | 0.00% | — |
| 177 | TFC-PR | Truist Financial Corp. | 20911 | $899K | 0.00% | -2.8% |
| 178 | ARCO | Arcos Dorados Holdings, Inc. | 109966 | $868K | 0.00% | +3.7% |
| 179 | LYV | Live Nation Entertainment, Inc. | 5400 | $817K | 0.00% | -6.9% |
| 180 | NUE | Nucor Corp. | 6200 | $803K | 0.00% | — |
| 181 | MDLZ | Mondelez International | 11840 | $798K | 0.00% | — |
| 182 | MCO | Moody's Corp. | 1566 | $785K | 0.00% | — |
| 183 | APA | APA Corp. | 41600 | $761K | 0.00% | — |
| 184 | BLK | Blackrock, Inc. | 655 | $687K | 0.00% | — |
| 185 | VOO | Vanguard S&P 500 ETF | 1200 | $682K | 0.00% | -25.5% |
| 186 | KSPI | Kaspi.KZ JSC | 7826 | $664K | 0.00% | +21.8% |
| 187 | IFS | Intercorp Financial Services, Inc. | 17391 | $663K | 0.00% | -30.9% |
| 188 | AFYA | Afya, Ltd. | 35262 | $630K | 0.00% | +12.8% |
| 189 | ABEV | Ambev SA | 260400 | $628K | 0.00% | — |
| 190 | AMG | Affiliated Managers Group, Inc. | 3000 | $590K | 0.00% | — |
| 191 | GIS | General Mills, Inc. | 11200 | $580K | 0.00% | — |
| 192 | GPC | Genuine Parts Co. | 4665 | $566K | 0.00% | — |
| 193 | CIB | Grupo Cibest SA | 12046 | $556K | 0.00% | NEW |
| 194 | GPRK | Geopark, Ltd. | 84545 | $551K | 0.00% | -14.5% |
| 195 | ASR | Grupo Aeroportuario del Sureste SAB de CV | 1700 | $542K | 0.00% | -5.6% |
| 196 | ALL-PJ | The Allstate Corp. | 2595 | $522K | 0.00% | — |
| 197 | ELV | Elevance Health, Inc. | 1300 | $506K | 0.00% | +8.3% |
| 198 | MGM | MGM Resorts International | 14000 | $481K | 0.00% | -9.7% |
| 199 | CTAS | Cintas Corp. | 2000 | $446K | 0.00% | — |
| 200 | CPA | Copa Holdings SA | 3950 | $434K | 0.00% | -43.2% |
| 201 | DLO | Dlocal, Ltd. | 36700 | $416K | 0.00% | -18.3% |
| 202 | PEP | PepsiCo, Inc. | 3075 | $406K | 0.00% | — |
| 203 | PBR | Petroleo Brasileiro SA - Petrobras | 30400 | $380K | 0.00% | +7.0% |
| 204 | DOW | Dow, Inc. | 14210 | $376K | 0.00% | -9.0% |
| 205 | LMT | Lockheed Martin Corp. | 775 | $359K | 0.00% | — |
| 206 | LOMA | Loma Negra Cia Industrial Argentina SA | 31100 | $341K | 0.00% | +0.6% |
| 207 | PYPL | PayPal Holdings, Inc. | 4475 | $333K | 0.00% | -40.9% |
| 208 | PSX | Phillips 66 | 2600 | $310K | 0.00% | — |
| 209 | LAUR | Laureate Education, Inc. | 13100 | $306K | 0.00% | NEW |
| 210 | V | Visa, Inc. | 859 | $305K | 0.00% | -10.4% |
| 211 | PAX | Patria Investments, Ltd. | 21200 | $298K | 0.00% | +7.1% |
| 212 | ISRG | Intuitive Surgical | 500 | $272K | 0.00% | — |
| 213 | PPG | PPG Industries, Inc. | 2200 | $250K | 0.00% | — |
| 214 | VZ | Verizon Communications, Inc. | 5500 | $238K | 0.00% | -2.7% |
| 215 | ZTS | Zoetis, Inc. | 1500 | $234K | 0.00% | -11.8% |
| 216 | RIO | Rio Tinto PLC | 4000 | $233K | 0.00% | — |
| 217 | JBS | JBS NV | 15950 | $233K | 0.00% | NEW |
| 218 | CB | Chubb, Ltd. | 722 | $209K | 0.00% | — |
| 219 | CIG | Cia Energetica de Minas Gerais | 15000 | $29K | 0.00% | — |