What Dodge & Cox Bought in Q3 2025
Dodge & Cox · Quarterly 13F recap as filed with the SEC.
Period: 2025-09-30 · Filed · Historical
$185.33B
Total Value
219
Holdings
6
New Buys
107
Reduced
In Q3 2025, Dodge & Cox reported 219 long equity positions worth $185.33B in their Dodge & Cox 13F filing, including 6 new positions (largest: Aon PLC at $1.24B) and 49 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | SCHW | The Charles Schwab Corp. | 83043253 | $7.93B | 4.28% | -1.6% |
| 2 | JCI | Johnson Controls International PLC | 64210645 | $7.06B | 3.81% | -4.1% |
| 3 | RTX | RTX Corp. | 40099366 | $6.71B | 3.62% | -4.0% |
| 4 | CVS | CVS Health Corp. | 73176586 | $5.52B | 2.98% | -0.2% |
| 5 | FISV | Fiserv, Inc. | 38634009 | $4.98B | 2.69% | +30.0% |
| 6 | MET | MetLife, Inc. | 53659664 | $4.42B | 2.38% | +0.9% |
| 7 | MSFT | Microsoft Corp. | 7872161 | $4.08B | 2.20% | -3.3% |
| 8 | FDX | FedEx Corp. | 16225160 | $3.83B | 2.06% | +12.0% |
| 9 | BNY | The Bank of New York Mellon Corp. | 34842944 | $3.80B | 2.05% | -7.4% |
| 10 | OXY | Occidental Petroleum Corp. | 79883371 | $3.77B | 2.04% | -0.5% |
| 11 | BKNG | Booking Holdings, Inc. | 675082 | $3.64B | 1.97% | -7.6% |
| 12 | AMZN | Amazon.com, Inc. | 16296330 | $3.58B | 1.93% | -1.8% |
| 13 | CMCSA | Comcast Corporation | 112567918 | $3.54B | 1.91% | +1.2% |
| 14 | TEL | TE Connectivity PLC | 16039754 | $3.52B | 1.90% | -5.9% |
| 15 | GOOG | Alphabet, Inc. | 13992737 | $3.41B | 1.84% | -1.3% |
| 16 | GSK | GSK plc | 78403734 | $3.38B | 1.83% | -0.4% |
| 17 | GILD | Gilead Sciences, Inc. | 30133131 | $3.34B | 1.80% | -2.2% |
| 18 | UNH | UnitedHealth Group, Inc. | 9505636 | $3.28B | 1.77% | +8.6% |
| 19 | NSC | Norfolk Southern Corp. | 10874249 | $3.27B | 1.76% | +0.1% |
| 20 | WFC | Wells Fargo & Co. | 38887925 | $3.26B | 1.76% | -23.4% |
| 21 | SNY | Sanofi SA | 68931747 | $3.25B | 1.76% | -3.9% |
| 22 | CHTR | Charter Communications | 11807549 | $3.25B | 1.75% | +6.1% |
| 23 | HUM | Humana, Inc. | 11338186 | $2.95B | 1.59% | -0.1% |
| 24 | META | Meta Platforms, Inc. | 3963207 | $2.91B | 1.57% | -4.8% |
| 25 | FIS | Fidelity National Information Services, Inc. | 43105207 | $2.84B | 1.53% | +22.2% |
| 26 | GOOGL | Alphabet, Inc. | 11338777 | $2.76B | 1.49% | +0.6% |
| 27 | CI | The Cigna Group | 9305225 | $2.68B | 1.45% | +4.0% |
| 28 | COF | Capital One Financial | 12107917 | $2.57B | 1.39% | -5.8% |
| 29 | REGN | Regeneron Pharmaceuticals, Inc. | 4550845 | $2.56B | 1.38% | +18.9% |
| 30 | APD | Air Products & Chemicals, Inc. | 9004892 | $2.46B | 1.33% | +2.1% |
| 31 | ZBH | Zimmer Biomet Holdings, Inc. | 23216173 | $2.29B | 1.23% | +5.1% |
| 32 | IFF | International Flavors & Fragrances, Inc. | 36972638 | $2.28B | 1.23% | +5.5% |
| 33 | BUDFF | Anheuser-Busch InBev SA/NV | 36546221 | $2.18B | 1.18% | -5.0% |
| 34 | BKR | Baker Hughes Co. | 44053488 | $2.15B | 1.16% | -1.2% |
| 35 | FTV | Fortive Corp. | 42595794 | $2.09B | 1.13% | +28.4% |
| 36 | GEHC | GE HealthCare Technologies, Inc. | 27517311 | $2.07B | 1.12% | +16.8% |
| 37 | BABA | Alibaba Group Holding, Ltd. | 10975370 | $1.96B | 1.06% | +0.1% |
| 38 | GE | GE Aerospace | 6271622 | $1.89B | 1.02% | -30.8% |
| 39 | SBAC | SBA Communications Corp. | 9667297 | $1.87B | 1.01% | +12.3% |
| 40 | SUI | Sun Communities, Inc. | 14480815 | $1.87B | 1.01% | +2.0% |
| 41 | GS | The Goldman Sachs Group, Inc. | 2208625 | $1.76B | 0.95% | -33.2% |
| 42 | UBS | UBS Group AG | 42641442 | $1.75B | 0.95% | -6.6% |
| 43 | ELAN | Elanco Animal Health, Inc. | 82759837 | $1.67B | 0.90% | -0.2% |
| 44 | CPNG | Coupang, Inc. | 46947720 | $1.51B | 0.82% | +0.7% |
| 45 | AVTR | Avantor, Inc. | 117746888 | $1.47B | 0.79% | +0.3% |
| 46 | D | Dominion Energy, Inc. | 22780033 | $1.39B | 0.75% | -0.6% |
| 47 | HLNCF | Haleon PLC | 154384622 | $1.38B | 0.75% | -0.7% |
| 48 | NVS | Novartis AG | 10585145 | $1.36B | 0.73% | -0.6% |
| 49 | BAX | Baxter International, Inc. | 57396370 | $1.31B | 0.71% | +10.1% |
| 50 | BAP | Credicorp, Ltd. | 4899715 | $1.30B | 0.70% | -4.8% |
| 51 | WTW | Willis Towers Watson PLC | 3632191 | $1.25B | 0.68% | +184.1% |
| 52 | AON | Aon PLC | 3464683 | $1.24B | 0.67% | NEW |
| 53 | INCY | Incyte Corp. | 13932416 | $1.18B | 0.64% | -4.5% |
| 54 | SU | Suncor Energy, Inc. | 27471954 | $1.15B | 0.62% | +0.3% |
| 55 | LPLA | LPL Financial Holdings, Inc. | 3329255 | $1.11B | 0.60% | +23.2% |
| 56 | CTSH | Cognizant Technology Solutions Corp. | 16201642 | $1.09B | 0.59% | -0.4% |
| 57 | AEP | American Electric Power Co., Inc. | 9523516 | $1.07B | 0.58% | -0.5% |
| 58 | ALNY | Alnylam Pharmaceuticals, Inc. | 2321230 | $1.06B | 0.57% | -27.4% |
| 59 | TDY | Teledyne Technologies, Inc. | 1680962 | $985.1M | 0.53% | +12.2% |
| 60 | COP | ConocoPhillips | 10327000 | $976.8M | 0.53% | -8.1% |
| 61 | HPQ | HP, Inc. | 34683331 | $944.4M | 0.51% | -0.7% |
| 62 | ECHO | EchoStar Corp. | 11791127 | $900.4M | 0.49% | -12.0% |
| 63 | ADM | Archer-Daniels-Midland Co. | 15068544 | $900.2M | 0.49% | 130.1% |
| 64 | TMUS | T-Mobile U.S., Inc. | 3743522 | $896.1M | 0.48% | -8.7% |
| 65 | CXMSF | Cemex SAB de CV | 96734370 | $869.6M | 0.47% | +1.8% |
| 66 | TAP | Molson Coors Beverage Co. | 18631224 | $843.1M | 0.45% | +29.4% |
| 67 | LYB | LyondellBasell Industries NV | 16969062 | $832.2M | 0.45% | -0.0% |
| 68 | FOXA | Fox Corp. | 13151969 | $829.4M | 0.45% | -6.2% |
| 69 | CARR | Carrier Global Corp. | 13427697 | $801.6M | 0.43% | +5.1% |
| 70 | BMRN | BioMarin Pharmaceutical, Inc. | 14686801 | $795.4M | 0.43% | -2.8% |
| 71 | BAC | Bank of America Corp. | 15347021 | $791.8M | 0.43% | -14.1% |
| 72 | STT | State Street Corp. | 6795174 | $788.3M | 0.43% | -8.3% |
| 73 | NBIX | Neurocrine Biosciences, Inc. | 5556618 | $780.0M | 0.42% | -0.2% |
| 74 | MDT | Medtronic PLC | 7725071 | $735.7M | 0.40% | -0.2% |
| 75 | AEFC | Aegon, Ltd. | 85783505 | $685.4M | 0.37% | -3.3% |
| 76 | JD | JD.com, Inc. | 18792249 | $657.4M | 0.35% | +0.5% |
| 77 | XP | XP, Inc. | 34478145 | $647.8M | 0.35% | +0.5% |
| 78 | CE | Celanese Corp. | 15361604 | $646.4M | 0.35% | +0.2% |
| 79 | GLPI | Gaming & Leisure Properties, Inc. | 13582857 | $633.1M | 0.34% | -0.3% |
| 80 | LIN | Linde PLC | 1329590 | $631.6M | 0.34% | — |
| 81 | VFC | VF Corp. | 40977400 | $591.3M | 0.32% | +0.1% |
| 82 | BIDU | Baidu, Inc. | 4404415 | $580.4M | 0.31% | -18.9% |
| 83 | ADBE | Adobe, Inc. | 1593506 | $562.1M | 0.30% | 8006.6% |
| 84 | TRPEF | TC Energy Corp. | 9645800 | $524.8M | 0.28% | — |
| 85 | RAL | Ralliant Corp. | 10780303 | $471.4M | 0.25% | -0.2% |
| 86 | FOX | Fox Corp. | 7285191 | $417.4M | 0.23% | -0.3% |
| 87 | MLCMF | Millicom International Cellular SA | 8448632 | $410.1M | 0.22% | -4.4% |
| 88 | MCHPP | Microchip Technology, Inc. | 6211864 | $398.9M | 0.22% | -2.0% |
| 89 | NWSLL | News Corp. | 12476445 | $383.2M | 0.21% | -4.1% |
| 90 | YUMC | Yum China Holdings, Inc. | 8520862 | $365.7M | 0.20% | +0.1% |
| 91 | BNTX | BioNTech SE | 3647091 | $359.7M | 0.19% | 315.7% |
| 92 | NTES | NetEase, Inc. | 2292576 | $348.4M | 0.19% | -16.5% |
| 93 | TCKRF | Teck Resources, Ltd. | 7871440 | $345.5M | 0.19% | -7.0% |
| 94 | BMY | Bristol-Myers Squibb | 7423820 | $334.8M | 0.18% | -12.0% |
| 95 | AMRZ | Amrize, Ltd. | 5786541 | $280.4M | 0.15% | +-53.6% |
| 96 | HDB | HDFC Bank, Ltd. | 6214800 | $212.3M | 0.11% | +108.4% |
| 97 | GRPFF | Grupo Televisa SAB | 64208690 | $172.7M | 0.09% | — |
| 98 | FLUT | Flutter Entertainment PLC | 628878 | $159.7M | 0.09% | — |
| 99 | ITUB | Itau Unibanco Holding SA | 18622215 | $136.7M | 0.07% | +5.4% |
| 100 | GAP | The Gap, Inc. | 5429526 | $116.1M | 0.06% | -0.2% |
| 101 | AXP | American Express Co. | 345492 | $114.8M | 0.06% | -3.6% |
| 102 | FMCQF | Fresenius Medical Care AG | 3826910 | $100.8M | 0.05% | — |
| 103 | GEV | GE Vernova, Inc. | 153740 | $94.5M | 0.05% | -5.2% |
| 104 | CDNS | Cadence Design Systems, Inc. | 240525 | $84.5M | 0.05% | -2.4% |
| 105 | COHR | Coherent Corp. | 744879 | $80.2M | 0.04% | +-57.0% |
| 106 | LBTYK | Liberty Global, Ltd. | 6682068 | $78.5M | 0.04% | — |
| 107 | WMB | The Williams Co., Inc. | 1115522 | $70.7M | 0.04% | -1.7% |
| 108 | UNP | Union Pacific Corp. | 272881 | $64.5M | 0.03% | -0.9% |
| 109 | JPM | JPMorgan Chase & Co. | 194655 | $61.4M | 0.03% | -27.3% |
| 110 | IEX | IDEX Corp | 344342 | $56.0M | 0.03% | NEW |
| 111 | LBTYK | Liberty Global, Ltd. | 4767561 | $54.6M | 0.03% | — |
| 112 | CVX | Chevron Corp. | 223271 | $34.7M | 0.02% | +22.8% |
| 113 | LLY | Eli Lilly & Co. | 43384 | $33.1M | 0.02% | -3.5% |
| 114 | DIS | The Walt Disney Co. | 288127 | $33.0M | 0.02% | -1.4% |
| 115 | TSM | Taiwan Semiconductor Manufacturing Co., Ltd. | 107800 | $30.1M | 0.02% | — |
| 116 | TRV | The Travelers Co., Inc. | 100965 | $28.2M | 0.02% | -2.8% |
| 117 | NESR | National Energy Services Reunited Corp. | 2255894 | $23.1M | 0.01% | +5.6% |
| 118 | CAT | Caterpillar, Inc. | 40794 | $19.5M | 0.01% | -2.7% |
| 119 | WMT | Walmart, Inc. | 180835 | $18.6M | 0.01% | +1.0% |
| 120 | SLB | Schlumberger NV | 476259 | $16.4M | 0.01% | -15.9% |
| 121 | CSCO | Cisco Systems, Inc. | 217789 | $14.9M | 0.01% | -65.0% |
| 122 | PG | The Procter & Gamble Co. | 90796 | $14.0M | 0.01% | -3.7% |
| 123 | IBM | International Business Machines Corp. | 47188 | $13.3M | 0.01% | -1.8% |
| 124 | MRK | Merck & Co., Inc. | 154275 | $12.9M | 0.01% | -1.9% |
| 125 | TMO | Thermo Fisher Scientific, Inc. | 25741 | $12.5M | 0.01% | -0.8% |
| 126 | AZNN | AstraZeneca PLC | 137488 | $10.5M | 0.01% | — |
| 127 | TGT | Target Corp. | 106079 | $9.5M | 0.01% | -3.5% |
| 128 | HD | The Home Depot, Inc. | 23272 | $9.4M | 0.01% | -1.5% |
| 129 | BSX | Boston Scientific Corp. | 88885 | $8.7M | 0.00% | -1.7% |
| 130 | XOM | Exxon Mobil Corp. | 75863 | $8.6M | 0.00% | -2.3% |
| 131 | AAPL | Apple, Inc. | 31322 | $8.0M | 0.00% | +3.6% |
| 132 | ADI | Analog Devices, Inc. | 30805 | $7.6M | 0.00% | — |
| 133 | VMC | Vulcan Materials Co. | 24100 | $7.4M | 0.00% | -0.4% |
| 134 | AVGO | Broadcom, Inc. | 21030 | $6.9M | 0.00% | -0.7% |
| 135 | DE | Deere & Co. | 12626 | $5.8M | 0.00% | -0.9% |
| 136 | BRK.B | Berkshire Hathaway Inc. Class B | 11440 | $5.8M | 0.00% | -10.2% |
| 137 | SNPS | Synopsys, Inc. | 10900 | $5.4M | 0.00% | -0.9% |
| 138 | MSI | Motorola Solutions, Inc. | 11355 | $5.2M | 0.00% | — |
| 139 | ACMR | ACM Research, Inc. | 122892 | $4.8M | 0.00% | 51.5% |
| 140 | SHEL | Shell PLC | 55919 | $4.0M | 0.00% | -2.3% |
| 141 | JNJ | Johnson & Johnson | 20947 | $3.9M | 0.00% | — |
| 142 | AMGN | Amgen, Inc. | 13367 | $3.8M | 0.00% | -2.3% |
| 143 | DELL | Dell Technologies, Inc. | 23630 | $3.4M | 0.00% | -4.1% |
| 144 | GLW | Corning, Inc. | 39900 | $3.3M | 0.00% | — |
| 145 | DHR | Danaher Corp. | 16450 | $3.3M | 0.00% | -0.5% |
| 146 | BRK.A | Berkshire Hathaway Inc. Class A | 4 | $3.0M | 0.00% | — |
| 147 | JOYY | JOYY, Inc. | 49606 | $2.9M | 0.00% | — |
| 148 | PNC | The PNC Financial Services Group, Inc. | 14065 | $2.8M | 0.00% | -0.1% |
| 149 | PM | Philip Morris International, Inc. | 17000 | $2.8M | 0.00% | — |
| 150 | SPGI | S&P Global, Inc. | 5400 | $2.6M | 0.00% | — |
| 151 | VIPS | Vipshop Holdings, Ltd. | 124197 | $2.4M | 0.00% | — |
| 152 | ABBV | AbbVie, Inc. | 10473 | $2.4M | 0.00% | — |
| 153 | PFE | Pfizer, Inc. | 93014 | $2.4M | 0.00% | +-13.8% |
| 154 | ABT | Abbott Laboratories | 17324 | $2.3M | 0.00% | — |
| 155 | HPE-PC | Hewlett Packard Enterprise Co. | 87754 | $2.2M | 0.00% | -0.9% |
| 156 | MCD | McDonald's Corp. | 6475 | $2.0M | 0.00% | -1.5% |
| 157 | PH | Parker-Hannifin Corp. | 2500 | $1.9M | 0.00% | — |
| 158 | NEE-PS | NextEra Energy, Inc. | 23600 | $1.8M | 0.00% | — |
| 159 | HON | Honeywell International, Inc. | 8019 | $1.7M | 0.00% | — |
| 160 | KO | The Coca-Cola Co. | 24000 | $1.6M | 0.00% | -2.6% |
| 161 | OTIS | Otis Worldwide Corp. | 16610 | $1.5M | 0.00% | -14.0% |
| 162 | LVS | Las Vegas Sands Corp. | 28186 | $1.5M | 0.00% | — |
| 163 | KSPI | Kaspi.KZ JSC | 17826 | $1.5M | 0.00% | 127.8% |
| 164 | TRPCF | Trip.com Group, Ltd. | 19250 | $1.4M | 0.00% | — |
| 165 | UNLYF | Unilever PLC | 23900 | $1.4M | 0.00% | — |
| 166 | ZHIHF | Zhihu, Inc. | 276897 | $1.4M | 0.00% | NEW |
| 167 | CTVA | Corteva, Inc. | 20539 | $1.4M | 0.00% | -2.0% |
| 168 | MO | Altria Group, Inc. | 21000 | $1.4M | 0.00% | — |
| 169 | EBAY | eBay, Inc. | 14050 | $1.3M | 0.00% | -0.4% |
| 170 | MMM | 3M Co. | 7696 | $1.2M | 0.00% | -15.9% |
| 171 | DD | DuPont de Nemours, Inc. | 15175 | $1.2M | 0.00% | -2.4% |
| 172 | CL | Colgate-Palmolive Co. | 14000 | $1.1M | 0.00% | — |
| 173 | DEO | Diageo PLC | 11077 | $1.1M | 0.00% | -1.1% |
| 174 | TFC-PR | Truist Financial Corp. | 20911 | $956K | 0.00% | — |
| 175 | MELI | MercadoLibre, Inc. | 392 | $916K | 0.00% | NEW |
| 176 | APA | APA Corp. | 35200 | $855K | 0.00% | -15.4% |
| 177 | NUE | Nucor Corp. | 6200 | $840K | 0.00% | — |
| 178 | BLK | Blackrock, Inc. | 655 | $764K | 0.00% | — |
| 179 | MCO | Moody's Corp. | 1566 | $746K | 0.00% | — |
| 180 | PSMT | PriceSmart, Inc. | 6156 | $746K | 0.00% | NEW |
| 181 | ARCO | Arcos Dorados Holdings, Inc. | 109966 | $742K | 0.00% | — |
| 182 | MDLZ | Mondelez International | 11840 | $740K | 0.00% | — |
| 183 | AMP | Ameriprise Financial, Inc. | 1500 | $737K | 0.00% | -17.9% |
| 184 | LYV | Live Nation Entertainment, Inc. | 4500 | $735K | 0.00% | -16.7% |
| 185 | IFS | Intercorp Financial Services, Inc. | 17391 | $702K | 0.00% | — |
| 186 | GPC | Genuine Parts Co. | 4665 | $647K | 0.00% | — |
| 187 | NVDA | NVIDIA Corp. | 3400 | $634K | 0.00% | NEW |
| 188 | CIB | Grupo Cibest SA | 12046 | $626K | 0.00% | — |
| 189 | ABEV | Ambev SA | 276300 | $616K | 0.00% | +6.1% |
| 190 | GPRK | Geopark, Ltd. | 93045 | $593K | 0.00% | +10.1% |
| 191 | AMG | Affiliated Managers Group, Inc. | 2400 | $572K | 0.00% | -20.0% |
| 192 | GIS | General Mills, Inc. | 11200 | $565K | 0.00% | — |
| 193 | ALL-PJ | The Allstate Corp. | 2595 | $557K | 0.00% | — |
| 194 | AFYA | Afya, Ltd. | 35262 | $550K | 0.00% | — |
| 195 | ASR | Grupo Aeroportuario del Sureste SAB de CV | 1700 | $550K | 0.00% | — |
| 196 | DLO | Dlocal, Ltd. | 36700 | $524K | 0.00% | — |
| 197 | LAUR | Laureate Education, Inc. | 15700 | $495K | 0.00% | +19.8% |
| 198 | CPA | Copa Holdings SA | 3950 | $469K | 0.00% | — |
| 199 | PEP | PepsiCo, Inc. | 3075 | $432K | 0.00% | — |
| 200 | ELV | Elevance Health, Inc. | 1300 | $420K | 0.00% | — |
| 201 | PBR | Petroleo Brasileiro SA - Petrobras | 32700 | $414K | 0.00% | +7.6% |
| 202 | VOO | Vanguard S&P 500 ETF | 650 | $398K | 0.00% | +-45.8% |
| 203 | LMT | Lockheed Martin Corp. | 775 | $387K | 0.00% | — |
| 204 | CTAS | Cintas Corp. | 1800 | $369K | 0.00% | -10.0% |
| 205 | MGM | MGM Resorts International | 10500 | $364K | 0.00% | -25.0% |
| 206 | HAL | Halliburton Co. | 14700 | $362K | 0.00% | -71.6% |
| 207 | PSX | Phillips 66 | 2600 | $354K | 0.00% | — |
| 208 | PAX | Patria Investments, Ltd. | 21200 | $310K | 0.00% | — |
| 209 | PYPL | PayPal Holdings, Inc. | 4475 | $300K | 0.00% | — |
| 210 | V | Visa, Inc. | 859 | $293K | 0.00% | — |
| 211 | DOW | Dow, Inc. | 11711 | $269K | 0.00% | -17.6% |
| 212 | LOMA | Loma Negra Cia Industrial Argentina SA | 36400 | $268K | 0.00% | +17.0% |
| 213 | VZ | Verizon Communications, Inc. | 5500 | $242K | 0.00% | — |
| 214 | JBS | JBS NV | 15950 | $238K | 0.00% | — |
| 215 | PPG | PPG Industries, Inc. | 2200 | $231K | 0.00% | — |
| 216 | ISRG | Intuitive Surgical | 500 | $224K | 0.00% | — |
| 217 | ZTS | Zoetis, Inc. | 1500 | $219K | 0.00% | — |
| 218 | CB | Chubb, Ltd. | 722 | $204K | 0.00% | — |
| 219 | CIG | Cia Energetica de Minas Gerais | 15000 | $32K | 0.00% | — |