Dodge & Cox reported 216 positions worth $188.04B for the quarter ended Jun 30, 2026, up 5.3% on the prior quarter. It opened 6 new positions, added to 71, trimmed 90 and exited 7. Its largest holding is Johnson Controls International plc at 4.3% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Trade Value | Weight |
|---|---|---|---|
| V Visa Inc. | +5.42M +630,554.9% | $1.86B | 0.988% |
| TMO Thermo Fisher Scientific Inc. | +3.03M +11,767.4% | $1.52B | 0.814% |
| ROP Roper Technologies Inc | +3.72M +111.2% | $1.26B | 1.27% |
| FDXF FedEx Freight Holding Company, Inc. | +7.18M | $1.08B | 0.577% |
| META Meta Platforms, Inc. | +1.47M +29.4% | $830.82M | 1.94% |
| KKR KKR & Co. Inc. | +8.06M | $739.79M | 0.393% |
| TSM Taiwan Semiconductor Manufacturing Co Ltd | +1.33M +1,236.5% | $636.59M | 0.366% |
| TRU TransUnion | +8.01M +49.5% | $577.60M | 0.928% |
| AJG Arthur J. Gallagher & Co. | +2.01M +27.3% | $461.14M | 1.14% |
| TEL TE Connectivity plc | +2.28M +15.5% | $459.66M | 1.82% |
| Holding | Change | Trade Value | Weight |
|---|---|---|---|
| LYB LyondellBasell Industries N.V. | -16.84M -100.0% | $1.36B | Exited |
| GS Goldman Sachs Group Inc | -1.25M -90.3% | $1.26B | 0.072% |
| NSC Norfolk Southern Corp | -3.75M -59.9% | $1.18B | 0.42% |
| NVS Novartis Ag | -6.21M -89.1% | $972.92M | 0.063% |
| FDX Fedex Corp | -2.75M -27.5% | $861.16M | 1.2% |
| STT State Street Corp | -3.47M -99.0% | $587.93M | <0.01% |
| SUI Sun Communities Inc | -4.77M -33.4% | $571.40M | 0.606% |
| GSK GSK plc | -10.47M -17.8% | $548.60M | 1.34% |
| BAP Credicorp Ltd | -795.9K -23.3% | $310.05M | 0.542% |
| BMY Bristol Myers Squibb Co | -4.58M -99.1% | $263.92M | <0.01% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| FDXF FedEx Freight Holding Company, Inc. | +7.18M | $1.08B | 0.577% |
| KKR KKR & Co. Inc. | +8.06M | $739.79M | 0.393% |
| SE Sea Ltd | +23.0K | $2.20M | <0.01% |
| HONA Honeywell Aerospace Inc. | +4,009 | $886.31K | <0.01% |
| FUTU Futu Holdings Ltd | +4,200 | $393.71K | <0.01% |
| AMG Affiliated Managers Group, Inc. | +600 | $203.04K | <0.01% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| LYB LyondellBasell Industries N.V. | -16.84M | $1.36B | 0.76% |
| LBTYK Liberty Global Ltd. | -5.26M | $61.65M | 0.035% |
| EBAY Ebay Inc | -11.8K | $1.07M | <0.01% |
| PSMT Pricesmart Inc | -6,156 | $926.48K | <0.01% |
| LOMA Loma Negra Compania Industrial Argentina Sociedad Anonima | -72.2K | $800.50K | <0.01% |
| ISRG Intuitive Surgical Inc | -500 | $230.50K | <0.01% |
| HAL Halliburton Co | -5,500 | $214.45K | <0.01% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | JCI Johnson Controls International plc | Industrials | 55.78M | $8.15B | 4.33% | -1.73M | -3.0% | Reduced | 9.17% |
| 2 | SCHW Schwab Charles Corp | Financial Services | 76.97M | $7.10B | 3.78% | +1.97M | +2.6% | Added | 4.44% |
| 3 | RTX RTX Corp | Industrials | 35.11M | $6.66B | 3.54% | -360.1K | -1.0% | Reduced | 2.6% |
| 4 | CVS CVS HEALTH Corp | Healthcare | 50.01M | $5.17B | 2.75% | -1.77M | -3.4% | Reduced | 3.91% |
| 5 | MSFT Microsoft Corp | Technology | 12.84M | $4.79B | 2.55% | +876.3K | +7.3% | Added | 0.17% |
| 6 | BKNG Booking Holdings Inc. | Technology | 25.54M | $4.55B | 2.42% | +599.5K | +2.4% | Added | 3.33% |
| 7 | HUM Humana Inc | Healthcare | 10.94M | $4.35B | 2.31% | -440.3K | -3.9% | Reduced | 9.11% |
| 8 | GOOG Alphabet Inc. | Technology | 11.96M | $4.23B | 2.25% | -267.4K | -2.2% | Reduced | 0.22% |
| 9 | MET Metlife Inc | Financial Services | 48.43M | $4.10B | 2.18% | -2.68M | -5.3% | Reduced | 7.54% |
| 10 | SUNB Sunbelt Rentals Holdings, Inc. | Industrials | 54.76M | $4.10B | 2.18% | +1.66M | +3.1% | Added | 13.03% |
| 11 | AMZN Amazon Com Inc | Consumer Discretionary | 16.71M | $3.98B | 2.12% | +1.60M | +10.6% | Added | 0.15% |
| 12 | GOOGL Alphabet Inc. | Technology | 10.66M | $3.81B | 2.03% | +34.4K | +0.3% | Added | 0.18% |
| 13 | UNH Unitedhealth Group Inc | Healthcare | 9.07M | $3.77B | 2.01% | -394.5K | -4.2% | Reduced | 1% |
| 14 | META Meta Platforms, Inc. | Technology | 6.49M | $3.66B | 1.94% | +1.47M | +29.4% | Added | 0.29% |
| 15 | OXY Occidental Petroleum Corp | Energy | 72.76M | $3.53B | 1.88% | -1.32M | -1.8% | Reduced | 7.28% |
Tip. Select a row to see that position’s full history at Dodge & Cox.
As of its Q2 2026 13F filing, Dodge & Cox’s five largest positions were Johnson Controls International plc (JCI) at 4.3%, Schwab Charles Corp (SCHW) at 3.8%, RTX Corp (RTX) at 3.5%, CVS HEALTH Corp (CVS) at 2.8%, Microsoft Corp (MSFT) at 2.5% of the reported portfolio.
Dodge & Cox reported a 13F portfolio worth $188.04B across 216 positions for Q2 2026. That is up 5.3% from the previous quarter.
Its largest purchases by value were Visa Inc. ($1.86B), Thermo Fisher Scientific Inc. ($1.52B), Roper Technologies Inc ($1.26B). It opened 6 new positions.
Its largest sales by value were LyondellBasell Industries N.V. ($1.36B), Goldman Sachs Group Inc ($1.26B), Norfolk Southern Corp ($1.18B). It exited 7 positions entirely.
From the Form 13F-HR reports Dodge & Cox files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.