What Dodge & Cox Bought in Q4 2025
Dodge & Cox · Quarterly 13F recap as filed with the SEC.
Period: 2025-12-31 · Filed · Historical
$185.26B
Total Value
222
Holdings
10
New Buys
113
Reduced
In Q4 2025, Dodge & Cox reported 222 long equity positions worth $185.26B in their Dodge & Cox 13F filing, including 10 new positions (largest: Brookfield Corp. at $1.89B) and 44 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | SCHW | The Charles Schwab Corp. | 76513926 | $7.64B | 4.13% | -7.9% |
| 2 | JCI | Johnson Controls International PLC | 60382969 | $7.23B | 3.90% | -6.0% |
| 3 | RTX | RTX Corp. | 37571811 | $6.89B | 3.72% | -6.3% |
| 4 | CVS | CVS Health Corp. | 62509988 | $4.96B | 2.68% | -14.6% |
| 5 | FDX | FedEx Corp. | 15582168 | $4.50B | 2.43% | -4.0% |
| 6 | MET | MetLife, Inc. | 52252050 | $4.12B | 2.23% | -2.6% |
| 7 | GOOG | Alphabet, Inc. | 12875798 | $4.04B | 2.18% | -8.0% |
| 8 | BKNG | Booking Holdings, Inc. | 732081 | $3.92B | 2.12% | +8.4% |
| 9 | MSFT | Microsoft Corp. | 7441750 | $3.60B | 1.94% | -5.5% |
| 10 | REGN | Regeneron Pharmaceuticals, Inc. | 4596358 | $3.55B | 1.92% | +1.0% |
| 11 | AMZN | Amazon.com, Inc. | 15230394 | $3.52B | 1.90% | -6.5% |
| 12 | GOOGL | Alphabet, Inc. | 10833118 | $3.39B | 1.83% | -4.5% |
| 13 | TEL | TE Connectivity PLC | 14873850 | $3.38B | 1.83% | -7.3% |
| 14 | CMCSA | Comcast Corporation | 112967514 | $3.38B | 1.82% | +0.4% |
| 15 | GSK | GSK plc | 68517969 | $3.36B | 1.81% | -12.6% |
| 16 | FISV | Fiserv, Inc. | 49474622 | $3.32B | 1.79% | +28.1% |
| 17 | META | Meta Platforms, Inc. | 5019837 | $3.31B | 1.79% | +26.7% |
| 18 | OXY | Occidental Petroleum Corp. | 79473071 | $3.27B | 1.76% | -0.5% |
| 19 | FIS | Fidelity National Information Services, Inc. | 49113297 | $3.26B | 1.76% | +13.9% |
| 20 | GILD | Gilead Sciences, Inc. | 26283511 | $3.23B | 1.74% | -12.8% |
| 21 | CI | The Cigna Group | 11138614 | $3.07B | 1.65% | 19.7% |
| 22 | CHTR | Charter Communications | 14609220 | $3.05B | 1.65% | +23.7% |
| 23 | UNH | UnitedHealth Group, Inc. | 9172769 | $3.03B | 1.63% | -3.5% |
| 24 | WFC | Wells Fargo & Co. | 32311711 | $3.01B | 1.63% | -16.9% |
| 25 | BNY | The Bank of New York Mellon Corp. | 25811239 | $3.00B | 1.62% | -25.9% |
| 26 | HUM | Humana, Inc. | 11290435 | $2.89B | 1.56% | -0.4% |
| 27 | NSC | Norfolk Southern Corp. | 9623885 | $2.78B | 1.50% | +-11.5% |
| 28 | AON | Aon PLC | 7852456 | $2.77B | 1.50% | +126.6% |
| 29 | SNY | Sanofi SA | 56492599 | $2.74B | 1.48% | -18.0% |
| 30 | GEHC | GE HealthCare Technologies, Inc. | 31211229 | $2.56B | 1.38% | +13.4% |
| 31 | IFF | International Flavors & Fragrances, Inc. | 36401042 | $2.45B | 1.32% | -1.5% |
| 32 | FTV | Fortive Corp. | 44157822 | $2.44B | 1.32% | +3.7% |
| 33 | SBAC | SBA Communications Corp. | 11996134 | $2.32B | 1.25% | 24.1% |
| 34 | APD | Air Products & Chemicals, Inc. | 9236610 | $2.28B | 1.23% | +2.6% |
| 35 | WTW | Willis Towers Watson PLC | 6925525 | $2.28B | 1.23% | +90.7% |
| 36 | COF | Capital One Financial | 9163067 | $2.22B | 1.20% | +-24.3% |
| 37 | BUDFF | Anheuser-Busch InBev SA/NV | 33113431 | $2.12B | 1.14% | -9.4% |
| 38 | ZBH | Zimmer Biomet Holdings, Inc. | 23506849 | $2.11B | 1.14% | +1.3% |
| 39 | BN | Brookfield Corp. | 41280320 | $1.89B | 1.02% | NEW |
| 40 | BKR | Baker Hughes Co. | 40759438 | $1.86B | 1.00% | -7.5% |
| 41 | SUI | Sun Communities, Inc. | 14491865 | $1.80B | 0.97% | +0.1% |
| 42 | ELAN | Elanco Animal Health, Inc. | 79084305 | $1.79B | 0.97% | -4.4% |
| 43 | GE | GE Aerospace | 5191577 | $1.60B | 0.86% | -17.2% |
| 44 | UBS | UBS Group AG | 33665342 | $1.56B | 0.84% | -21.1% |
| 45 | HLNCF | Haleon PLC | 151755452 | $1.53B | 0.83% | -1.7% |
| 46 | GS | The Goldman Sachs Group, Inc. | 1709674 | $1.50B | 0.81% | -22.6% |
| 47 | BABA | Alibaba Group Holding, Ltd. | 10016870 | $1.47B | 0.79% | -8.7% |
| 48 | LPLA | LPL Financial Holdings, Inc. | 3948970 | $1.41B | 0.76% | +18.6% |
| 49 | AVTR | Avantor, Inc. | 117065143 | $1.34B | 0.72% | -0.6% |
| 50 | INCY | Incyte Corp. | 13261742 | $1.31B | 0.71% | -4.8% |
| 51 | D | Dominion Energy, Inc. | 22149918 | $1.30B | 0.70% | -2.8% |
| 52 | TMUS | T-Mobile U.S., Inc. | 6185972 | $1.26B | 0.68% | +65.2% |
| 53 | CTSH | Cognizant Technology Solutions Corp. | 14983337 | $1.24B | 0.67% | -7.5% |
| 54 | NVS | Novartis AG | 9014641 | $1.24B | 0.67% | +-14.8% |
| 55 | SU | Suncor Energy, Inc. | 27257754 | $1.21B | 0.65% | -0.8% |
| 56 | CPNG | Coupang, Inc. | 49233320 | $1.16B | 0.63% | +4.9% |
| 57 | BAP | Credicorp, Ltd. | 3870940 | $1.11B | 0.60% | -21.0% |
| 58 | BAX | Baxter International, Inc. | 56999970 | $1.09B | 0.59% | -0.7% |
| 59 | AEP | American Electric Power Co., Inc. | 9342540 | $1.08B | 0.58% | -1.9% |
| 60 | ADM | Archer-Daniels-Midland Co. | 17084645 | $982.2M | 0.53% | +13.4% |
| 61 | CXMSF | Cemex SAB de CV | 84794670 | $974.3M | 0.53% | -12.3% |
| 62 | COP | ConocoPhillips | 10290169 | $963.3M | 0.52% | -0.4% |
| 63 | TAP | Molson Coors Beverage Co. | 18610924 | $868.8M | 0.47% | -0.1% |
| 64 | BMRN | BioMarin Pharmaceutical, Inc. | 14572384 | $866.0M | 0.47% | -0.8% |
| 65 | TDY | Teledyne Technologies, Inc. | 1685340 | $860.8M | 0.46% | +0.3% |
| 66 | FOXA | Fox Corp. | 11613443 | $848.6M | 0.46% | -11.7% |
| 67 | TRU | TransUnion | 9842006 | $844.0M | 0.46% | NEW |
| 68 | NBIX | Neurocrine Biosciences, Inc. | 5508042 | $781.2M | 0.42% | -0.9% |
| 69 | ALNY | Alnylam Pharmaceuticals, Inc. | 1964415 | $781.1M | 0.42% | -15.4% |
| 70 | HPQ | HP, Inc. | 34503131 | $768.7M | 0.41% | -0.5% |
| 71 | ADBE | Adobe, Inc. | 2164475 | $757.5M | 0.41% | +35.8% |
| 72 | MDT | Medtronic PLC | 7738043 | $743.3M | 0.40% | +0.2% |
| 73 | VFC | VF Corp. | 40679850 | $735.5M | 0.40% | -0.7% |
| 74 | LYB | LyondellBasell Industries NV | 16879077 | $730.9M | 0.39% | -0.5% |
| 75 | CARR | Carrier Global Corp. | 13421292 | $709.2M | 0.38% | -0.0% |
| 76 | CE | Celanese Corp. | 15304050 | $647.1M | 0.35% | -0.4% |
| 77 | RAL | Ralliant Corp. | 12214679 | $621.8M | 0.34% | +13.3% |
| 78 | STT | State Street Corp. | 4744154 | $612.0M | 0.33% | -30.2% |
| 79 | GLPI | Gaming & Leisure Properties, Inc. | 13589962 | $607.3M | 0.33% | +0.1% |
| 80 | LIN | Linde PLC | 1329590 | $566.9M | 0.31% | — |
| 81 | XP | XP, Inc. | 33960545 | $555.9M | 0.30% | -1.5% |
| 82 | AEFC | Aegon, Ltd. | 70522831 | $543.7M | 0.29% | -17.8% |
| 83 | TRPEF | TC Energy Corp. | 9294300 | $511.3M | 0.28% | -3.6% |
| 84 | PDD | PDD Holdings, Inc. | 4439800 | $503.4M | 0.27% | NEW |
| 85 | FOX | Fox Corp. | 7257827 | $471.3M | 0.25% | -0.4% |
| 86 | MLCMF | Millicom International Cellular SA | 8133132 | $450.9M | 0.24% | -3.7% |
| 87 | YUMC | Yum China Holdings, Inc. | 8553962 | $408.4M | 0.22% | +0.4% |
| 88 | MCHPP | Microchip Technology, Inc. | 6187474 | $394.3M | 0.21% | -0.4% |
| 89 | BMY | Bristol-Myers Squibb | 7078250 | $381.8M | 0.21% | -4.7% |
| 90 | JD | JD.com, Inc. | 12194648 | $350.0M | 0.19% | -35.1% |
| 91 | BNTX | BioNTech SE | 3614491 | $344.1M | 0.19% | -0.9% |
| 92 | NWSLL | News Corp. | 12449295 | $325.2M | 0.18% | -0.2% |
| 93 | NTES | NetEase, Inc. | 2154376 | $296.5M | 0.16% | -6.0% |
| 94 | AMRZ | Amrize, Ltd. | 5385441 | $293.4M | 0.16% | -6.9% |
| 95 | AJG | Arthur J Gallagher & Co. | 880585 | $227.9M | 0.12% | NEW |
| 96 | IEX | IDEX Corp | 1262550 | $224.7M | 0.12% | 266.7% |
| 97 | HDB | HDFC Bank, Ltd. | 5501800 | $201.0M | 0.11% | -11.5% |
| 98 | ITUB | Itau Unibanco Holding SA | 19120110 | $136.9M | 0.07% | +2.7% |
| 99 | FLUT | Flutter Entertainment PLC | 628878 | $135.2M | 0.07% | — |
| 100 | COHR | Coherent Corp. | 669855 | $123.6M | 0.07% | -10.1% |
| 101 | BAC | Bank of America Corp. | 2009022 | $110.5M | 0.06% | +-86.9% |
| 102 | AXP | American Express Co. | 292549 | $108.2M | 0.06% | -15.3% |
| 103 | FMCQF | Fresenius Medical Care AG | 3826910 | $91.2M | 0.05% | — |
| 104 | GEV | GE Vernova, Inc. | 138214 | $90.3M | 0.05% | -10.1% |
| 105 | CDNS | Cadence Design Systems, Inc. | 237363 | $74.2M | 0.04% | -1.3% |
| 106 | LBTYK | Liberty Global, Ltd. | 6682068 | $73.8M | 0.04% | — |
| 107 | FCNCA | First Citizens BancShares, Inc. | 31566 | $67.7M | 0.04% | NEW |
| 108 | UNP | Union Pacific Corp. | 263116 | $60.9M | 0.03% | -3.6% |
| 109 | WMB | The Williams Co., Inc. | 1000892 | $60.2M | 0.03% | -10.3% |
| 110 | LBTYK | Liberty Global, Ltd. | 4481061 | $49.9M | 0.03% | -6.0% |
| 111 | LLY | Eli Lilly & Co. | 42492 | $45.7M | 0.02% | -2.1% |
| 112 | JPM | JPMorgan Chase & Co. | 124405 | $40.1M | 0.02% | -36.1% |
| 113 | TSM | Taiwan Semiconductor Manufacturing Co., Ltd. | 107800 | $32.8M | 0.02% | — |
| 114 | CVX | Chevron Corp. | 212714 | $32.4M | 0.02% | -4.7% |
| 115 | DIS | The Walt Disney Co. | 270339 | $30.8M | 0.02% | -6.2% |
| 116 | NESR | National Energy Services Reunited Corp. | 1929094 | $30.2M | 0.02% | -14.5% |
| 117 | TRV | The Travelers Co., Inc. | 94782 | $27.5M | 0.01% | +-6.1% |
| 118 | CAT | Caterpillar, Inc. | 40724 | $23.3M | 0.01% | -0.2% |
| 119 | WMT | Walmart, Inc. | 179535 | $20.0M | 0.01% | -0.7% |
| 120 | TMO | Thermo Fisher Scientific, Inc. | 25741 | $14.9M | 0.01% | — |
| 121 | MRK | Merck & Co., Inc. | 138205 | $14.5M | 0.01% | -10.4% |
| 122 | KSPI | Kaspi.KZ JSC | 183726 | $14.4M | 0.01% | +930.7% |
| 123 | IBM | International Business Machines Corp. | 46702 | $13.8M | 0.01% | -1.0% |
| 124 | PG | The Procter & Gamble Co. | 90831 | $13.0M | 0.01% | +0.0% |
| 125 | CSCO | Cisco Systems, Inc. | 163114 | $12.6M | 0.01% | -25.1% |
| 126 | AZNN | AstraZeneca PLC | 121043 | $11.1M | 0.01% | -12.0% |
| 127 | TGT | Target Corp. | 98129 | $9.6M | 0.01% | +-7.5% |
| 128 | XOM | Exxon Mobil Corp. | 74493 | $9.0M | 0.00% | -1.8% |
| 129 | AAPL | Apple, Inc. | 31807 | $8.6M | 0.00% | +1.5% |
| 130 | BSX | Boston Scientific Corp. | 88885 | $8.5M | 0.00% | — |
| 131 | HD | The Home Depot, Inc. | 23247 | $8.0M | 0.00% | -0.1% |
| 132 | AVGO | Broadcom, Inc. | 20580 | $7.1M | 0.00% | -2.1% |
| 133 | VMC | Vulcan Materials Co. | 24000 | $6.8M | 0.00% | -0.4% |
| 134 | SLB | SLB, Ltd. | 176849 | $6.8M | 0.00% | -62.9% |
| 135 | DE | Deere & Co. | 12626 | $5.9M | 0.00% | — |
| 136 | BRK.B | Berkshire Hathaway Inc. Class B | 11440 | $5.8M | 0.00% | — |
| 137 | ADI | Analog Devices, Inc. | 20775 | $5.6M | 0.00% | -32.6% |
| 138 | SNPS | Synopsys, Inc. | 10200 | $4.8M | 0.00% | -6.4% |
| 139 | ACMR | ACM Research, Inc. | 112392 | $4.4M | 0.00% | -8.5% |
| 140 | AMGN | Amgen, Inc. | 13367 | $4.4M | 0.00% | — |
| 141 | JNJ | Johnson & Johnson | 20947 | $4.3M | 0.00% | — |
| 142 | MSI | Motorola Solutions, Inc. | 11255 | $4.3M | 0.00% | -0.9% |
| 143 | SHEL | Shell PLC | 55194 | $4.1M | 0.00% | -1.3% |
| 144 | DHR | Danaher Corp. | 16450 | $3.8M | 0.00% | — |
| 145 | ECHO | EchoStar Corp. | 32443 | $3.5M | 0.00% | +-99.7% |
| 146 | GLW | Corning, Inc. | 36850 | $3.2M | 0.00% | -7.6% |
| 147 | JOYY | JOYY, Inc. | 49606 | $3.2M | 0.00% | — |
| 148 | BRK.A | Berkshire Hathaway Inc. Class A | 4 | $3.0M | 0.00% | — |
| 149 | PNC | The PNC Financial Services Group, Inc. | 14000 | $2.9M | 0.00% | -0.5% |
| 150 | SPGI | S&P Global, Inc. | 5400 | $2.8M | 0.00% | — |
| 151 | MELI | MercadoLibre, Inc. | 1392 | $2.8M | 0.00% | 255.1% |
| 152 | PM | Philip Morris International, Inc. | 17000 | $2.7M | 0.00% | — |
| 153 | DELL | Dell Technologies, Inc. | 19180 | $2.4M | 0.00% | -18.8% |
| 154 | ABBV | AbbVie, Inc. | 10393 | $2.4M | 0.00% | -0.8% |
| 155 | PFE | Pfizer, Inc. | 90364 | $2.3M | 0.00% | -2.8% |
| 156 | PH | Parker-Hannifin Corp. | 2500 | $2.2M | 0.00% | — |
| 157 | VIPS | Vipshop Holdings, Ltd. | 124197 | $2.2M | 0.00% | — |
| 158 | ABT | Abbott Laboratories | 17324 | $2.2M | 0.00% | — |
| 159 | BIDU | Baidu, Inc. | 16530 | $2.2M | 0.00% | -99.6% |
| 160 | HPE-PC | Hewlett Packard Enterprise Co. | 86454 | $2.1M | 0.00% | -1.5% |
| 161 | MCD | McDonald's Corp. | 6475 | $2.0M | 0.00% | — |
| 162 | NEE-PS | NextEra Energy, Inc. | 23600 | $1.9M | 0.00% | — |
| 163 | LVS | Las Vegas Sands Corp. | 28186 | $1.8M | 0.00% | — |
| 164 | KO | The Coca-Cola Co. | 24000 | $1.7M | 0.00% | — |
| 165 | HON | Honeywell International, Inc. | 8019 | $1.6M | 0.00% | — |
| 166 | OTIS | Otis Worldwide Corp. | 16010 | $1.4M | 0.00% | -3.6% |
| 167 | TRPCF | Trip.com Group, Ltd. | 19250 | $1.4M | 0.00% | — |
| 168 | CTVA | Corteva, Inc. | 20527 | $1.4M | 0.00% | -0.1% |
| 169 | MMM | 3M Co. | 7676 | $1.2M | 0.00% | -0.3% |
| 170 | MO | Altria Group, Inc. | 21000 | $1.2M | 0.00% | — |
| 171 | KARO | Karooooo, Ltd. | 24423 | $1.1M | 0.00% | NEW |
| 172 | EBAY | eBay, Inc. | 12750 | $1.1M | 0.00% | -9.3% |
| 173 | ATAT | Atour Lifestyle Holdings, Ltd. | 28152 | $1.1M | 0.00% | NEW |
| 174 | CL | Colgate-Palmolive Co. | 14000 | $1.1M | 0.00% | — |
| 175 | ZHIHF | Zhihu, Inc. | 319164 | $1.0M | 0.00% | +15.3% |
| 176 | NUE | Nucor Corp. | 6200 | $1.0M | 0.00% | — |
| 177 | DEO | Diageo PLC | 11077 | $956K | 0.00% | — |
| 178 | TFC-PR | Truist Financial Corp. | 19151 | $942K | 0.00% | -8.4% |
| 179 | ARCO | Arcos Dorados Holdings, Inc. | 112966 | $829K | 0.00% | +2.7% |
| 180 | CIB | Grupo Cibest SA | 12046 | $766K | 0.00% | — |
| 181 | BLK | Blackrock, Inc. | 711 | $761K | 0.00% | +8.5% |
| 182 | PSMT | PriceSmart, Inc. | 6156 | $755K | 0.00% | — |
| 183 | IFS | Intercorp Financial Services, Inc. | 17391 | $737K | 0.00% | — |
| 184 | AMP | Ameriprise Financial, Inc. | 1500 | $736K | 0.00% | — |
| 185 | ABEV | Ambev SA | 296300 | $732K | 0.00% | +7.2% |
| 186 | GPRK | Geopark, Ltd. | 93045 | $689K | 0.00% | — |
| 187 | MDLZ | Mondelez International | 11840 | $637K | 0.00% | — |
| 188 | NVDA | NVIDIA Corp. | 3400 | $634K | 0.00% | — |
| 189 | MCO | Moody's Corp. | 1213 | $620K | 0.00% | -22.5% |
| 190 | Q | Qnity Electronics, Inc. | 7503 | $613K | 0.00% | NEW |
| 191 | DD | DuPont de Nemours, Inc. | 14843 | $597K | 0.00% | -2.2% |
| 192 | GPC | Genuine Parts Co. | 4650 | $572K | 0.00% | -0.3% |
| 193 | LOMA | Loma Negra Cia Industrial Argentina SA | 43482 | $563K | 0.00% | +19.5% |
| 194 | APA | APA Corp. | 22500 | $550K | 0.00% | -36.1% |
| 195 | ASR | Grupo Aeroportuario del Sureste SAB de CV | 1700 | $550K | 0.00% | — |
| 196 | AFYA | Afya, Ltd. | 35387 | $545K | 0.00% | +0.4% |
| 197 | ALL-PJ | The Allstate Corp. | 2595 | $540K | 0.00% | — |
| 198 | LAUR | Laureate Education, Inc. | 15700 | $529K | 0.00% | — |
| 199 | GIS | General Mills, Inc. | 11200 | $521K | 0.00% | — |
| 200 | DLO | Dlocal, Ltd. | 36700 | $519K | 0.00% | — |
| 201 | LYV | Live Nation Entertainment, Inc. | 3500 | $499K | 0.00% | -22.2% |
| 202 | CPA | Copa Holdings SA | 3950 | $476K | 0.00% | — |
| 203 | ELV | Elevance Health, Inc. | 1300 | $456K | 0.00% | — |
| 204 | PEP | PepsiCo, Inc. | 3075 | $441K | 0.00% | — |
| 205 | VOO | Vanguard S&P 500 ETF | 600 | $376K | 0.00% | -7.7% |
| 206 | LMT | Lockheed Martin Corp. | 775 | $375K | 0.00% | — |
| 207 | PBR | Petroleo Brasileiro SA - Petrobras | 31200 | $370K | 0.00% | -4.6% |
| 208 | UNLYF | Unilever PLC | 5244 | $343K | 0.00% | NEW |
| 209 | CTAS | Cintas Corp. | 1800 | $339K | 0.00% | — |
| 210 | PAX | Patria Investments, Ltd. | 21200 | $337K | 0.00% | — |
| 211 | PSX | Phillips 66 | 2600 | $336K | 0.00% | — |
| 212 | V | Visa, Inc. | 859 | $301K | 0.00% | — |
| 213 | ISRG | Intuitive Surgical | 500 | $283K | 0.00% | — |
| 214 | MGM | MGM Resorts International | 7500 | $274K | 0.00% | +-28.6% |
| 215 | PYPL | PayPal Holdings, Inc. | 4475 | $261K | 0.00% | — |
| 216 | JBS | JBS NV | 16950 | $244K | 0.00% | +6.3% |
| 217 | RIO | Rio Tinto PLC | 3000 | $240K | 0.00% | NEW |
| 218 | DOW | Dow, Inc. | 9713 | $227K | 0.00% | +-17.1% |
| 219 | PPG | PPG Industries, Inc. | 2200 | $225K | 0.00% | — |
| 220 | CB | Chubb, Ltd. | 722 | $225K | 0.00% | — |
| 221 | VZ | Verizon Communications, Inc. | 5500 | $224K | 0.00% | — |
| 222 | CIG | Cia Energetica de Minas Gerais | 15000 | $30K | 0.00% | — |