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

About Dodge & Cox

Investment Activity

Dodge & Cox has $171.84 billion in total holdings as of December 31, 2024.
Dodge & Cox owns shares of 214 different stocks, but just 48 companies or ETFs make up 80% of its holdings.
Approximately 4.68% of the portfolio was purchased this quarter.
About 5.61% of the portfolio was sold this quarter.
This quarter, Dodge & Cox has purchased 205 new stocks and bought additional shares in 45 stocks.
Dodge & Cox sold shares of 101 stocks and completely divested from 3 stocks this quarter.

Largest Holdings

Charles Schwab: $6,614,238,799
Fiserv: $6,612,961,781
Johnson Controls International: $6,343,593,918
RTX: $5,148,545,155
Wells Fargo & Company: $4,948,608,199

Largest New Holdings this Quarter

34959J108 - Fortive: $583,493,025 Holding
867975104 - Sunrise Communications AG: $98,649,969 Holding
G6375R107 - National Energy Services Reunited: $6,882,077 Holding
464287598 - iShares Russell 1000 Value ETF: $3,165,723 Holding
008252108 - Affiliated Managers Group: $1,201,980 Holding

Largest Purchases this Quarter

Humana: 5,264,045 shares (about $1.34B)
SBA Communications: 5,722,740 shares (about $1.17B)
Avantor: 30,727,673 shares (about $647.43M)
Fortive: 7,779,907 shares (about $583.49M)
Celanese: 6,818,993 shares (about $471.94M)

Largest Sales this Quarter

Alphabet: 6,761,511 shares (about $1.29B)
Wells Fargo & Company: 16,496,760 shares (about $1.16B)
Truist Financial: 25,693,714 shares (about $1.11B)
Bank of America: 22,147,719 shares (about $973.39M)
The Goldman Sachs Group: 1,509,556 shares (about $864.40M)

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	$6,614,238,799	$16,157,123 ▼	-0.2%	89,369,528	3.8%	Finance
FI Fiserv	$6,612,961,781	$109,154,436 ▼	-1.6%	32,192,395	3.8%	Business Services
JCI Johnson Controls International	$6,343,593,918	$394,453,070 ▼	-5.9%	80,369,871	3.7%	Construction
RTX RTX	$5,148,545,155	$10,702,596 ▲	0.2%	44,491,403	3.0%	Aerospace
WFC Wells Fargo & Company	$4,948,608,199	$1,158,732,426 ▼	-19.0%	70,452,850	2.9%	Finance
MET MetLife	$4,434,174,882	$41,105,971 ▼	-0.9%	54,154,554	2.6%	Finance
CHTR Charter Communications	$3,958,025,518	$30,892,832 ▼	-0.8%	11,547,176	2.3%	Consumer Discretionary
FDX FedEx	$3,907,567,920	$206,571,616 ▲	5.6%	13,889,624	2.3%	Transportation
BKNG Booking	$3,893,114,796	$27,753,594 ▼	-0.7%	783,572	2.3%	Retail/Wholesale
MSFT Microsoft	$3,819,249,857	$16,733,972 ▼	-0.4%	9,061,091	2.2%	Computer and Technology
AMZN Amazon.com	$3,767,575,036	$23,686,003 ▼	-0.6%	17,172,957	2.2%	Retail/Wholesale
SNY Sanofi	$3,627,888,959	$51,924,177 ▼	-1.4%	75,220,588	2.1%	Medical
OXY Occidental Petroleum	$3,458,823,624	$395,702,258 ▼	-10.3%	70,002,502	2.0%	Energy
GOOG Alphabet	$3,453,011,803	$1,287,662,155 ▼	-27.2%	18,131,757	2.0%	Computer and Technology
BK Bank of New York Mellon	$3,434,239,382	$293,932,449 ▼	-7.9%	44,699,198	2.0%	Finance
CVS CVS Health	$3,147,053,806	$317,606,132 ▲	11.2%	70,105,899	1.8%	Medical
COF Capital One Financial	$3,082,260,665	$245,599,244 ▼	-7.4%	17,284,997	1.8%	Finance
GILD Gilead Sciences	$3,043,380,619	$9,054,107 ▼	-0.3%	32,947,717	1.8%	Medical
CMCSA Comcast	$2,968,723,093	$189,144,557 ▲	6.8%	79,102,667	1.7%	Consumer Discretionary
FIS Fidelity National Information Services	$2,772,634,356	$544,855,762 ▼	-16.4%	34,327,527	1.6%	Business Services
IFF International Flavors & Fragrances	$2,658,062,862	$283,697,464 ▲	11.9%	31,437,763	1.5%	Basic Materials
HUM Humana	$2,587,344,728	$1,335,540,857 ▲	106.7%	10,198,040	1.5%	Medical
NSC Norfolk Southern	$2,508,757,352	$40,750,961 ▼	-1.6%	10,689,209	1.5%	Transportation
CI The Cigna Group	$2,422,467,973	$4,640,809 ▼	-0.2%	8,772,608	1.4%	Medical
GE GE Aerospace	$2,361,963,894	$2,623,940 ▼	-0.1%	14,161,304	1.4%	Industrials
GSK GSK	$2,314,671,644	$11,963,791 ▲	0.5%	68,440,912	1.3%	Medical
TE Connectivity PLC	$2,282,603,119	$3,513,774 ▼	-0.2%	15,965,609	1.3%	ORD SHS
GOOGL Alphabet	$2,272,577,167	$3,094,109 ▲	0.1%	12,005,162	1.3%	Computer and Technology
UBS UBS Group	$2,237,481,992	$3,823,661 ▲	0.2%	73,497,042	1.3%	Finance
META Meta Platforms	$2,231,283,172	$1,099,002 ▼	0.0%	3,810,837	1.3%	Computer and Technology
GS The Goldman Sachs Group	$2,216,346,324	$864,401,957 ▼	-28.1%	3,870,536	1.3%	Finance
AVTR Avantor	$2,089,001,374	$647,432,070 ▲	44.9%	99,145,770	1.2%	Medical
TMUS T-Mobile US	$2,071,039,177	$41,578,469 ▼	-2.0%	9,382,681	1.2%	Computer and Technology
UNH UnitedHealth Group	$2,070,600,316	$96,628,365 ▲	4.9%	4,093,228	1.2%	Medical
ZBH Zimmer Biomet	$2,019,480,395	$215,975,851 ▲	12.0%	19,118,436	1.2%	Medical
BUD Anheuser-Busch InBev SA/NV	$2,002,641,278	$434,153,966 ▲	27.7%	39,996,830	1.2%	Consumer Staples
WMB Williams Companies	$1,967,181,578	$49,958,821 ▼	-2.5%	36,348,514	1.1%	Energy
APD Air Products and Chemicals	$1,932,581,186	$18,840,998 ▲	1.0%	6,663,154	1.1%	Basic Materials
BKR Baker Hughes	$1,872,896,493	$7,059,870 ▼	-0.4%	45,658,130	1.1%	Energy
HLN Haleon	$1,705,226,594	$4,077,940 ▼	-0.2%	178,744,926	1.0%	Medical
REGN Regeneron Pharmaceuticals	$1,653,543,026	$6,682,368 ▲	0.4%	2,321,316	1.0%	Medical
SBAC SBA Communications	$1,497,166,769	$1,166,294,412 ▲	352.5%	7,346,255	0.9%	Finance
BAX Baxter International	$1,469,001,893	$168,518,556 ▲	13.0%	50,377,294	0.9%	Medical
CTSH Cognizant Technology Solutions	$1,409,607,529	$1,474,711 ▼	-0.1%	18,330,397	0.8%	Computer and Technology
CSCO Cisco Systems	$1,405,329,264	$4,906,318 ▼	-0.3%	23,738,670	0.8%	Computer and Technology
BAC Bank of America	$1,365,090,671	$973,392,235 ▼	-41.6%	31,060,084	0.8%	Finance
GEHC GE HealthCare Technologies	$1,303,691,215	$927,762 ▲	0.1%	16,675,508	0.8%	Medical
LYB LyondellBasell Industries	$1,260,052,343	$63,230,879 ▲	5.3%	16,965,832	0.7%	Basic Materials
BABA Alibaba Group	$1,226,891,798	$306,668,472 ▼	-20.0%	14,469,770	0.7%	Retail/Wholesale
D Dominion Energy	$1,218,481,943	$3,486,896 ▼	-0.3%	22,623,133	0.7%	Utilities
NVS Novartis	$1,188,609,051	$701,702 ▼	-0.1%	12,214,665	0.7%	Medical
SUI Sun Communities	$1,181,252,033	$448,207,573 ▲	61.1%	9,606,018	0.7%	Finance
COP ConocoPhillips	$1,132,877,024	$777,989 ▼	-0.1%	11,423,586	0.7%	Energy
HPQ HP	$1,101,128,880	$2,488,690 ▼	-0.2%	33,745,905	0.6%	Computer and Technology
AEP American Electric Power	$1,067,582,541	$487,436 ▼	0.0%	11,575,220	0.6%	Utilities
INCY Incyte	$1,030,499,051	$24,620,692 ▼	-2.3%	14,919,633	0.6%	Medical
FOXA FOX	$1,024,941,617	$357,414,282 ▼	-25.9%	21,098,016	0.6%	Consumer Discretionary
SU Suncor Energy	$1,015,169,287	$34,188,576 ▼	-3.3%	28,452,054	0.6%	Energy
ELAN Elanco Animal Health	$1,007,317,865	$1,633,445 ▼	-0.2%	83,180,666	0.6%	Medical
BAP Credicorp	$978,411,838	$13,510,684 ▼	-1.4%	5,337,180	0.6%	Finance
CARR Carrier Global	$976,516,638	$2,775,383 ▼	-0.3%	14,305,840	0.6%	Computer and Technology
COHR Coherent	$969,949,848	$37,918,051 ▼	-3.8%	10,239,099	0.6%	Business Services
BMRN BioMarin Pharmaceutical	$969,270,027	$55,733,584 ▲	6.1%	14,746,235	0.6%	Medical
CE Celanese	$942,506,071	$471,942,506 ▲	100.3%	13,618,062	0.5%	Basic Materials
VFC VF	$910,926,569	$1,399,192 ▼	-0.2%	42,447,650	0.5%	Consumer Discretionary
BMY Bristol-Myers Squibb	$871,163,590	$12,741,554 ▼	-1.4%	15,402,468	0.5%	Medical
TAP Molson Coors Beverage	$835,220,553	$2,767,123 ▼	-0.3%	14,571,189	0.5%	Consumer Staples
ALNY Alnylam Pharmaceuticals	$833,059,051	$19,359,660 ▼	-2.3%	3,540,262	0.5%	Medical
STT State Street	$728,787,699	$199,300,249 ▼	-21.5%	7,425,244	0.4%	Finance
Aegon, Ltd.	$693,630,490	$117,753 ▼	0.0%	117,764,090	0.4%	AMER REG 1 CERT
GPS GAP	$681,128,157	$1,149,009 ▼	-0.2%	28,824,721	0.4%	Consumer Cyclical
GLPI Gaming and Leisure Properties	$650,094,213	$279,197,920 ▲	75.3%	13,498,634	0.4%	Finance
HMC Honda Motor	$630,238,395	$42,111 ▼	0.0%	22,074,900	0.4%	Auto/Tires/Trucks
MDT Medtronic	$611,970,665	$71,703,084 ▲	13.3%	7,661,125	0.4%	Medical
FTV Fortive	$583,493,025	$583,493,025 ▲	New Holding	7,779,907	0.3%	Computer and Technology
JD JD.com	$579,801,699	$199,664,807 ▼	-25.6%	16,723,441	0.3%	Retail/Wholesale
NTR Nutrien	$560,415,840	$1,825,800 ▲	0.3%	12,523,259	0.3%	Basic Materials
Linde PLC	$556,659,445	$1,088,542 ▲	0.2%	1,329,590	0.3%	SHS
FOX FOX	$518,746,488	$465,862 ▲	0.1%	11,341,200	0.3%	Consumer Discretionary
XP XP	$511,365,953	$98,254,275 ▲	23.8%	43,153,245	0.3%	Finance
TRP TC Energy	$509,652,396		0.0%	10,953,200	0.3%	Energy
BIDU Baidu	$498,796,087	$1,854,820 ▲	0.4%	5,916,215	0.3%	Computer and Technology
CPNG Coupang	$444,640,454	$2,723,322 ▲	0.6%	20,229,320	0.3%	Retail/Wholesale
NBIX Neurocrine Biosciences	$411,742,013	$235,954,583 ▲	134.2%	3,016,425	0.2%	Medical
YUMC Yum China	$410,030,844	$104,654,142 ▼	-20.3%	8,512,162	0.2%	Retail/Wholesale
Occidental Petroleum Corp.	$392,665,194	$42,703 ▼	0.0%	14,252,820	0.2%	*W EXP 08/03/202
TECK Teck Resources	$346,893,838	$29,420,808 ▼	-7.8%	8,558,940	0.2%	Basic Materials
NWSA News	$321,190,345	$34,294,956 ▲	12.0%	11,662,685	0.2%	Consumer Discretionary
BHF Brighthouse Financial	$320,406,383		0.0%	6,669,575	0.2%	Finance
SATS EchoStar	$307,226,469	$1,175,915 ▼	-0.4%	13,416,003	0.2%	Computer and Technology
CX CEMEX	$279,868,131	$276,034,623 ▲	7,200.6%	49,622,009	0.2%	Construction
NTES NetEase	$236,395,438	$1,418,439 ▲	0.6%	2,649,876	0.1%	Computer and Technology
HDB HDFC Bank	$208,924,376	$22,753,318 ▲	12.2%	3,271,600	0.1%	Finance
Flutter Entertainment PLC	$162,533,519	$1,137,180 ▲	0.7%	628,878	0.1%	SHS
LPLA LPL Financial	$153,495,290	$148,416,100 ▲	2,922.0%	470,109	0.1%	Finance
AXP American Express	$118,520,119	$3,361,147 ▼	-2.8%	399,340	0.1%	Finance
TV Grupo Televisa, S.A.B.	$107,877,319		0.0%	64,212,690	0.1%	Utilities
Sunrise Communications AG	$98,649,969	$98,649,969 ▲	New Holding	2,289,925	0.1%	ADS CL A
FMS Fresenius Medical Care	$94,488,266		0.0%	4,173,510	0.1%	Medical
Liberty Global, Ltd.	$87,802,374		0.0%	6,682,068	0.1%	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