Institutional Manager · CIK 0000200217
Dodge & Cox
San Francisco, CA · File #028-00400
Latest AUM
$185.26B
Positions
222
Top-10 Concentration
33.6%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | Brookfield Corp. | 11271J107 | +41,280,320 | +$1.89B | $0 |
| ADD | Aon PLC | AON | +4,387,773 | +$1.55B | -$12.8M |
| REDUCE | EchoStar Corp. | SATS | -11,758,684 | -$1.28B | +$381.3M |
| ADD | Willis Towers Watson PLC | WTW | +3,293,334 | +$1.08B | -$61.2M |
| REDUCE | The Bank of New York Mellon Corp. | 064058100 | -9,031,705 | -$1.05B | +$248.4M |
| REDUCE | CVS Health Corp. | CVS | -10,666,598 | -$846.5M | +$290.5M |
| NEW | TransUnion | TRU | +9,842,006 | +$844.0M | $0 |
| REDUCE | Bank of America Corp. | 060505104 | -13,337,999 | -$733.6M | +$52.3M |
| ADD | Fiserv, Inc. | FISV | +10,840,613 | +$728.2M | -$2.39B |
| REDUCE | Capital One Financial Corp. | 14040H105 | -2,944,850 | -$713.7M | +$360.6M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025222 pos · $185.26B
- 13F HOLDINGS REPORTQ/E Sep 2025219 pos · $185.33B
- 13F HOLDINGS REPORTQ/E Jun 2025219 pos · $177.97B
- 13F HOLDINGS REPORTQ/E Mar 2025214 pos · $175.45B
- 13F HOLDINGS REPORTQ/E Dec 2024214 pos · $171.84B
- 13F HOLDINGS REPORTQ/E Sep 2024205 pos · $176.83B
- 13F HOLDINGS REPORTQ/E Jun 2024202 pos · $166.62B
- 13F HOLDINGS REPORTQ/E Mar 2024199 pos · $172.38B
- 13F HOLDINGS REPORTQ/E Dec 2023192 pos · $148.40B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | The Charles Schwab Corp. | SCHW-PJ | 76,513,926 | $7.64B | 5.09% |
| 2 | Johnson Controls International PLC | G51502105 | 60,382,969 | $7.23B | 4.82% |
| 3 | RTX Corp. | RTX | 37,571,811 | $6.89B | 4.59% |
| 4 | CVS Health Corp. | CVS | 62,509,988 | $4.96B | 3.31% |
| 5 | FedEx Corp. | FDX | 15,582,168 | $4.50B | 3.00% |
| 6 | MetLife, Inc. | MET-PF | 52,252,050 | $4.12B | 2.75% |
| 7 | Alphabet, Inc. | GOOG | 12,875,798 | $4.04B | 2.69% |
| 8 | Booking Holdings, Inc. | BKNG | 732,081 | $3.92B | 2.61% |
| 9 | Microsoft Corp. | MSFT | 7,441,750 | $3.60B | 2.40% |
| 10 | Regeneron Pharmaceuticals, Inc. | REGN | 4,596,358 | $3.55B | 2.36% |
| 11 | Amazon.com, Inc. | AMZN | 15,230,394 | $3.52B | 2.34% |
| 12 | Alphabet, Inc. | GOOG | 10,833,118 | $3.39B | 2.26% |
| 13 | TE Connectivity PLC | TEL | 14,873,850 | $3.38B | 2.26% |
| 14 | Comcast Corp. | CCZ | 112,967,514 | $3.38B | 2.25% |
| 15 | GSK PLC | GLAXF | 68,517,969 | $3.36B | 2.24% |
| 16 | Fiserv, Inc. | FISV | 49,474,622 | $3.32B | 2.21% |
| 17 | Meta Platforms, Inc. | META | 5,019,837 | $3.31B | 2.21% |
| 18 | Occidental Petroleum Corp. | 674599105 | 79,473,071 | $3.27B | 2.18% |
| 19 | Fidelity National Information Services, Inc. | 31620M106 | 49,113,297 | $3.26B | 2.18% |
| 20 | Gilead Sciences, Inc. | GILD | 26,283,511 | $3.23B | 2.15% |