Dodge & Cox Top Holdings and 13F Report (2025)

About Dodge & Cox

Investment Activity

Dodge & Cox has $175.45 billion in total holdings as of March 31, 2025.
Dodge & Cox owns shares of 214 different stocks, but just 48 companies or ETFs make up 80% of its holdings.
Approximately 3.69% of the portfolio was purchased this quarter.
About 4.75% of the portfolio was sold this quarter.
This quarter, Dodge & Cox has purchased 214 new stocks and bought additional shares in 47 stocks.
Dodge & Cox sold shares of 114 stocks and completely divested from 4 stocks this quarter.

Largest Holdings

Charles Schwab: $6,947,401,307
Fiserv: $6,755,298,128
Johnson Controls International: $5,673,234,306
RTX: $5,610,152,823
CVS Health: $4,976,855,516

Largest New Holdings this Quarter

L6388F110 - Millicom International Cellular: $263,401,428 Holding
922908363 - Vanguard S&P 500 ETF: $828,002 Holding
G69451105 - Patria Investments: $223,542 Holding
H1467J104 - Chubb: $218,037 Holding

Largest Purchases this Quarter

Fortive: 14,120,456 shares (about $1.03B)
Air Products and Chemicals: 2,096,568 shares (about $618.32M)
Comcast: 15,115,074 shares (about $557.75M)
Occidental Petroleum: 10,836,568 shares (about $534.89M)
Sun Communities: 4,041,802 shares (about $519.94M)

Largest Sales this Quarter

T-Mobile US: 3,550,128 shares (about $946.85M)
Wells Fargo & Company: 12,824,735 shares (about $920.69M)
Johnson Controls International: 9,551,817 shares (about $765.20M)
Williams Companies: 10,089,391 shares (about $602.94M)
Bank of America: 10,055,162 shares (about $419.60M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
SCHW Charles Schwab	$6,947,401,307	$48,445,379 ▼	-0.7%	88,750,655	4.0%	Finance
FI Fiserv	$6,755,298,128	$353,748,460 ▼	-5.0%	30,590,491	3.9%	Business Services
JCI Johnson Controls International	$5,673,234,306	$765,196,060 ▼	-11.9%	70,818,054	3.2%	Construction
RTX RTX	$5,610,152,823	$283,178,419 ▼	-4.8%	42,353,562	3.2%	Aerospace
CVS CVS Health	$4,976,855,516	$227,180,858 ▲	4.8%	73,459,122	2.8%	Medical
MET MetLife	$4,328,688,981	$19,380,159 ▼	-0.4%	53,913,177	2.5%	Finance
CHTR Charter Communications	$4,240,350,404	$15,130,368 ▼	-0.4%	11,506,120	2.4%	Consumer Discretionary
WFC Wells Fargo & Company	$4,137,122,392	$920,687,729 ▼	-18.2%	57,628,115	2.4%	Finance
SNY Sanofi	$4,059,286,941	$112,446,869 ▼	-2.7%	73,193,057	2.3%	Medical
OXY Occidental Petroleum	$3,990,216,495	$534,892,996 ▲	15.5%	80,839,070	2.3%	Energy
GILD Gilead Sciences	$3,663,451,332	$28,340,358 ▼	-0.8%	32,694,791	2.1%	Medical
BKNG Booking	$3,574,999,015	$34,846,667 ▼	-1.0%	776,008	2.0%	Retail/Wholesale
BK Bank of New York Mellon	$3,520,580,797	$228,340,939 ▼	-6.1%	41,976,640	2.0%	Finance
CMCSA Comcast	$3,476,634,643	$557,746,231 ▲	19.1%	94,217,741	2.0%	Consumer Discretionary
FDX FedEx	$3,372,225,317	$13,787,222 ▼	-0.4%	13,833,068	1.9%	Transportation
MSFT Microsoft	$3,333,595,713	$67,847,238 ▼	-2.0%	8,880,353	1.9%	Computer and Technology
AMZN Amazon.com	$3,145,498,564	$121,828,234 ▼	-3.7%	16,532,632	1.8%	Retail/Wholesale
GSK GSK	$3,046,972,010	$395,571,079 ▲	14.9%	78,651,833	1.7%	Medical
CI The Cigna Group	$2,924,722,170	$38,534,125 ▲	1.3%	8,889,733	1.7%	Medical
COF Capital One Financial	$2,918,342,742	$180,857,221 ▼	-5.8%	16,276,312	1.7%	Finance
HUM Humana	$2,845,829,889	$147,428,505 ▲	5.5%	10,755,215	1.6%	Medical
GE GE Aerospace	$2,799,368,153	$35,016,843 ▼	-1.2%	13,986,351	1.6%	Industrials
GOOG Alphabet	$2,663,465,439	$169,258,957 ▼	-6.0%	17,048,361	1.5%	Computer and Technology
IFF International Flavors & Fragrances	$2,621,247,249	$181,362,463 ▲	7.4%	33,774,607	1.5%	Basic Materials
FIS Fidelity National Information Services	$2,599,483,695	$35,903,978 ▲	1.4%	34,808,298	1.5%	Business Services
APD Air Products and Chemicals	$2,583,417,212	$618,319,835 ▲	31.5%	8,759,722	1.5%	Basic Materials
BUD Anheuser-Busch InBev SA/NV	$2,531,109,455	$68,904,600 ▲	2.8%	41,116,138	1.4%	Consumer Staples
NSC Norfolk Southern	$2,526,373,315	$5,365,837 ▼	-0.2%	10,666,554	1.4%	Transportation
TE Connectivity PLC	$2,264,296,874	$8,037,010 ▲	0.4%	16,022,480	1.3%	ORD SHS
UBS UBS Group	$2,224,631,412	$27,214,733 ▼	-1.2%	72,608,792	1.3%	Finance
ZBH Zimmer Biomet	$2,214,304,904	$50,480,317 ▲	2.3%	19,564,454	1.3%	Medical
UNH UnitedHealth Group	$2,105,667,740	$38,160,425 ▼	-1.8%	4,020,368	1.2%	Medical
META Meta Platforms	$2,031,388,889	$165,025,124 ▼	-7.5%	3,524,514	1.2%	Computer and Technology
BKR Baker Hughes	$1,962,591,425	$44,083,388 ▼	-2.2%	44,655,095	1.1%	Energy
SBAC SBA Communications	$1,866,842,933	$250,593,370 ▲	15.5%	8,485,264	1.1%	Finance
GS The Goldman Sachs Group	$1,830,912,240	$283,522,871 ▼	-13.4%	3,351,539	1.0%	Finance
GOOGL Alphabet	$1,793,156,264	$63,321,987 ▼	-3.4%	11,595,682	1.0%	Computer and Technology
BAX Baxter International	$1,761,439,003	$37,024,229 ▲	2.1%	51,458,925	1.0%	Medical
SUI Sun Communities	$1,755,655,565	$519,937,409 ▲	42.1%	13,647,820	1.0%	Finance
HLN Haleon	$1,740,563,131	$98,722,157 ▼	-5.4%	169,150,936	1.0%	Medical
AVTR Avantor	$1,625,258,740	$18,105,808 ▲	1.1%	100,262,723	0.9%	Medical
FTV Fortive	$1,602,668,564	$1,033,334,970 ▲	181.5%	21,900,363	0.9%	Computer and Technology
WMB Williams Companies	$1,569,245,190	$602,942,006 ▼	-27.8%	26,259,123	0.9%	Energy
TMUS T-Mobile US	$1,555,600,211	$946,854,639 ▼	-37.8%	5,832,553	0.9%	Computer and Technology
BABA Alibaba Group	$1,496,786,741	$416,550,946 ▼	-21.8%	11,319,570	0.9%	Retail/Wholesale
REGN Regeneron Pharmaceuticals	$1,474,004,430	$1,756,183 ▲	0.1%	2,324,085	0.8%	Medical
CTSH Cognizant Technology Solutions	$1,397,681,546	$4,593,825 ▼	-0.3%	18,270,347	0.8%	Computer and Technology
CSCO Cisco Systems	$1,340,508,804	$124,404,521 ▼	-8.5%	21,722,716	0.8%	Computer and Technology
GEHC GE HealthCare Technologies	$1,338,616,431	$7,263,819 ▼	-0.5%	16,585,509	0.8%	Medical
NVS Novartis	$1,317,482,011	$44,208,843 ▼	-3.2%	11,818,102	0.8%	Medical
D Dominion Energy	$1,306,900,754	$38,421,687 ▲	3.0%	23,308,378	0.7%	Utilities
LYB LyondellBasell Industries	$1,189,480,653	$4,913,920 ▼	-0.4%	16,896,032	0.7%	Basic Materials
AEP American Electric Power	$1,181,378,069	$83,446,221 ▼	-6.6%	10,811,550	0.7%	Utilities
COP ConocoPhillips	$1,178,502,829	$21,202,173 ▼	-1.8%	11,221,699	0.7%	Energy
FOXA FOX	$1,111,462,237	$82,685,468 ▼	-6.9%	19,637,142	0.6%	Consumer Discretionary
SU Suncor Energy	$1,097,923,179	$3,740,352 ▼	-0.3%	28,355,454	0.6%	Energy
BMRN BioMarin Pharmaceutical	$1,057,185,916	$14,774,563 ▲	1.4%	14,955,240	0.6%	Medical
BAP Credicorp	$988,468,645	$5,100,784 ▼	-0.5%	5,309,780	0.6%	Finance
HPQ HP	$924,999,763	$9,424,347 ▼	-1.0%	33,405,553	0.5%	Computer and Technology
CARR Carrier Global	$905,881,390	$1,108,866 ▼	-0.1%	14,288,350	0.5%	Computer and Technology
ALNY Alnylam Pharmaceuticals	$905,042,775	$50,898,770 ▼	-5.3%	3,351,762	0.5%	Medical
INCY Incyte	$900,035,060	$3,348,718 ▼	-0.4%	14,864,328	0.5%	Medical
CPNG Coupang	$894,413,296	$450,784,308 ▲	101.6%	40,784,920	0.5%	Retail/Wholesale
BAC Bank of America	$876,535,378	$419,601,902 ▼	-32.4%	21,004,922	0.5%	Finance
CE Celanese	$873,770,686	$100,673,307 ▲	13.0%	15,391,416	0.5%	Basic Materials
ELAN Elanco Animal Health	$870,666,111	$2,730,882 ▼	-0.3%	82,920,582	0.5%	Medical
TAP Molson Coors Beverage	$856,338,030	$30,610,245 ▼	-3.5%	14,068,310	0.5%	Consumer Staples
BMY Bristol-Myers Squibb	$794,734,003	$144,662,552 ▼	-15.4%	13,030,562	0.5%	Medical
Aegon, Ltd.	$774,595,882	$1,469,471 ▼	-0.2%	117,541,105	0.4%	AMER REG 1 CERT
JD JD.com	$742,748,463	$55,080,569 ▲	8.0%	18,062,949	0.4%	Retail/Wholesale
MDT Medtronic	$692,715,733	$4,287,041 ▲	0.6%	7,708,833	0.4%	Medical
GLPI Gaming and Leisure Properties	$687,639,098	$558,627 ▲	0.1%	13,509,609	0.4%	Finance
STT State Street	$656,394,477	$8,387,618 ▼	-1.3%	7,331,559	0.4%	Finance
VFC VF	$635,722,092	$23,065,436 ▼	-3.5%	40,961,475	0.4%	Consumer Discretionary
Linde PLC	$619,110,288		0.0%	1,329,590	0.4%	SHS
NTR Nutrien	$619,000,405	$3,029,870 ▼	-0.5%	12,462,259	0.4%	Basic Materials
NBIX Neurocrine Biosciences	$612,129,414	$278,512,809 ▲	83.5%	5,534,624	0.3%	Medical
GPS GAP	$592,222,394	$1,855,106 ▼	-0.3%	28,734,711	0.3%	Consumer Cyclical
XP XP	$584,895,369	$8,461,750 ▼	-1.4%	42,537,845	0.3%	Finance
HMC Honda Motor	$570,272,736	$28,619,301 ▼	-4.8%	21,020,005	0.3%	Auto/Tires/Trucks
FOX FOX	$532,333,260	$65,461,392 ▼	-11.0%	10,099,284	0.3%	Consumer Discretionary
BIDU Baidu	$500,718,204	$43,751,062 ▼	-8.0%	5,440,815	0.3%	Computer and Technology
LPLA LPL Financial	$498,384,704	$344,593,246 ▲	224.1%	1,523,460	0.3%	Finance
TRP TC Energy	$495,072,386	$22,028,186 ▼	-4.3%	10,486,600	0.3%	Energy
YUMC Yum China	$443,195,214	$52,060 ▲	0.0%	8,513,162	0.3%	Retail/Wholesale
COHR Coherent	$418,068,719	$246,858,370 ▼	-37.1%	6,437,769	0.2%	Business Services
CX CEMEX	$394,499,688	$116,120,218 ▲	41.7%	70,320,800	0.2%	Construction
NWSA News	$376,896,232	$59,437,946 ▲	18.7%	13,846,298	0.2%	Consumer Discretionary
SATS EchoStar	$342,975,438	$205,919 ▼	-0.1%	13,407,953	0.2%	Computer and Technology
TECK Teck Resources	$309,048,076	$2,754,108 ▼	-0.9%	8,483,340	0.2%	Basic Materials
NTES NetEase	$288,553,099	$15,827,861 ▲	5.8%	2,803,664	0.2%	Computer and Technology
TIGO Millicom International Cellular	$263,401,428	$263,401,428 ▲	New Holding	8,701,732	0.2%	Computer and Technology
HDB HDFC Bank	$214,754,012	$2,611,092 ▼	-1.2%	3,232,300	0.1%	Finance
Flutter Entertainment PLC	$139,327,921		0.0%	628,878	0.1%	SHS
TV Grupo Televisa, S.A.B.	$112,372,208		0.0%	64,212,690	0.1%	Utilities
Sunrise Communications AG	$110,580,478		0.0%	2,289,925	0.1%	ADS CL A
FMS Fresenius Medical Care	$103,920,399		0.0%	4,173,510	0.1%	Medical
AXP American Express	$100,670,977	$6,771,450 ▼	-6.3%	374,172	0.1%	Finance
ITUB Itaú Unibanco	$96,213,783	$4,798,255 ▲	5.2%	17,493,415	0.1%	Finance
Liberty Global, Ltd.	$79,984,354		0.0%	6,682,068	0.0%	COM CL C

Showing largest 100 holdings. View all holdings.

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Dodge & Cox Top Holdings and 13F Report (2025)

About Dodge & Cox

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

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Dodge & Cox Top Holdings and 13F Report (2025)

About Dodge & Cox

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofDodge & Cox

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools