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DODGE & COX

Q4 2025 · 13F-HR

DODGE & COXholdings as filed

Filed 2026-02-13 · accession 0001193125-26-050636

$185.26B
Reported value
222
Positions
2025-12-31
Period end
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The Brief · DODGE & COX · Q4 2025

AI · grounded in 13F

Dodge & Cox established a new position in Brookfield Corp. BN valued at $1.89B. The fund also initiated a new stake in TransUnion TRU for $843.95M and increased its holdings in Aon PLC AON by 126.64%. On the sell side, the fund reduced its exposure to Bank of America Corp. BAC by 86.91% and nearly exited its positions in EchoStar Corp. SATS and Baidu, Inc. BIDU.

Holdings as filed

CUSIPTickerIssuerValue% port.SharesClassVoting
808513105SCHWThe Charles Schwab Corp.$7.64B4.13%76,513,926CommonSOLE
G51502105JCIJohnson Controls International PLC$7.23B3.90%60,382,969CommonSOLE
75513E101RTXRTX Corp.$6.89B3.72%37,571,811CommonSOLE
126650100CVSCVS Health Corp.$4.96B2.68%62,509,988CommonSOLE
31428X106FDXFedEx Corp.$4.50B2.43%15,582,168CommonSOLE
59156R108METMetLife, Inc.$4.12B2.23%52,252,050CommonSOLE
02079K107GOOGAlphabet, Inc.$4.04B2.18%12,875,798CommonSOLE
09857L108BKNGBooking Holdings, Inc.$3.92B2.12%732,081CommonSOLE
594918104MSFTMicrosoft Corp.$3.60B1.94%7,441,750CommonSOLE
75886F107REGNRegeneron Pharmaceuticals, Inc.$3.55B1.92%4,596,358CommonSOLE
023135106AMZNAmazon.com, Inc.$3.52B1.90%15,230,394CommonSOLE
02079K305GOOGLAlphabet, Inc.$3.39B1.83%10,833,118CommonSOLE
G87052109TELTE Connectivity PLC$3.38B1.83%14,873,850CommonSOLE
20030N101CMCSAComcast Corp.$3.38B1.82%112,967,514CommonSOLE
37733W204GSKGSK PLC$3.36B1.81%68,517,969CommonSOLE
337738108FISVFiserv, Inc.$3.32B1.79%49,474,622CommonSOLE
30303M102METAMeta Platforms, Inc.$3.31B1.79%5,019,837CommonSOLE
674599105OXYOccidental Petroleum Corp.$3.27B1.76%79,473,071CommonSOLE
31620M106FISFidelity National Information Services, Inc.$3.26B1.76%49,113,297CommonSOLE
375558103GILDGilead Sciences, Inc.$3.23B1.74%26,283,511CommonSOLE
125523100CIThe Cigna Group$3.07B1.65%11,138,614CommonSOLE
16119P108CHTRCharter Communications, Inc.$3.05B1.65%14,609,220CommonSOLE
91324P102UNHUnitedHealth Group, Inc.$3.03B1.63%9,172,769CommonSOLE
949746101WMT2Wells Fargo & Co.$3.01B1.63%32,311,711CommonSOLE
064058100BKThe Bank of New York Mellon Corp.$3.00B1.62%25,811,239CommonSOLE
444859102HUMHumana, Inc.$2.89B1.56%11,290,435CommonSOLE
655844108NSCNorfolk Southern Corp.$2.78B1.50%9,623,885CommonSOLE
G0403H108AONAon PLC$2.77B1.50%7,852,456CommonSOLE
80105N105SNYSanofi SA$2.74B1.48%56,492,599CommonSOLE
36266G107GEHCGE HealthCare Technologies, Inc.$2.56B1.38%31,211,229CommonSOLE
459506101IFFInternational Flavors & Fragrances, Inc.$2.45B1.32%36,401,042CommonSOLE
34959J108FTVFortive Corp.$2.44B1.32%44,157,822CommonSOLE
78410G104SBACSBA Communications Corp.$2.32B1.25%11,996,134CommonSOLE
009158106APDAir Products & Chemicals, Inc.$2.28B1.23%9,236,610CommonSOLE
G96629103WTWWillis Towers Watson PLC$2.28B1.23%6,925,525CommonSOLE
14040H105COFCapital One Financial Corp.$2.22B1.20%9,163,067CommonSOLE
03524A108BUDAnheuser-Busch InBev SA/NV$2.12B1.14%33,113,431CommonSOLE
98956P102ZBHZimmer Biomet Holdings, Inc.$2.11B1.14%23,506,849CommonSOLE
11271J107BNBrookfield Corp.$1.89B1.02%41,280,320CommonSOLE
05722G100BKRBaker Hughes Co.$1.86B1.00%40,759,438CommonSOLE
866674104SUISun Communities, Inc.$1.80B0.97%14,491,865CommonSOLE
28414H103ELANElanco Animal Health, Inc.$1.79B0.97%79,084,305CommonSOLE
369604301GEGE Aerospace$1.60B0.86%5,191,577CommonSOLE
H42097107UBSUBS Group AG$1.56B0.84%33,665,342CommonSOLE
405552100HLNHaleon PLC$1.53B0.83%151,755,452CommonSOLE
38141G104GSThe Goldman Sachs Group, Inc.$1.50B0.81%1,709,674CommonSOLE
01609W102BABAAlibaba Group Holding, Ltd.$1.47B0.79%10,016,870CommonSOLE
50212V100LPLALPL Financial Holdings, Inc.$1.41B0.76%3,948,970CommonSOLE
05352A100AVTRAvantor, Inc.$1.34B0.72%117,065,143CommonSOLE
45337C102INCYIncyte Corp.$1.31B0.71%13,261,742CommonSOLE
25746U109DDominion Energy, Inc.$1.30B0.70%22,149,918CommonSOLE
872590104TMUST-Mobile U.S., Inc.$1.26B0.68%6,185,972CommonSOLE
192446102CTSHCognizant Technology Solutions Corp.$1.24B0.67%14,983,337CommonSOLE
66987V109NVSNovartis AG$1.24B0.67%9,014,641CommonSOLE
867224107SUSuncor Energy, Inc.$1.21B0.65%27,257,754CommonSOLE
22266T109CPNGCoupang, Inc.$1.16B0.63%49,233,320CommonSOLE
G2519Y108BAPCredicorp, Ltd.$1.11B0.60%3,870,940CommonSOLE
071813109BAXBaxter International, Inc.$1.09B0.59%56,999,970CommonSOLE
025537101AEPAmerican Electric Power Co., Inc.$1.08B0.58%9,342,540CommonSOLE
039483102ADMArcher-Daniels-Midland Co.$982.2M0.53%17,084,645CommonSOLE
151290889CXCemex SAB de CV$974.3M0.53%84,794,670CommonSOLE
20825C104COPConocoPhillips$963.3M0.52%10,290,169CommonSOLE
60871R209TAPMolson Coors Beverage Co.$868.8M0.47%18,610,924CommonSOLE
09061G101BMRNBioMarin Pharmaceutical, Inc.$866.0M0.47%14,572,384CommonSOLE
879360105TDYTeledyne Technologies, Inc.$860.8M0.46%1,685,340CommonSOLE
35137L105FOXAFox Corp.$848.6M0.46%11,613,443CommonSOLE
89400J107TRUTransUnion$844.0M0.46%9,842,006CommonSOLE
64125C109NBIXNeurocrine Biosciences, Inc.$781.2M0.42%5,508,042CommonSOLE
02043Q107ALNYAlnylam Pharmaceuticals, Inc.$781.1M0.42%1,964,415CommonSOLE
40434L105HPQHP, Inc.$768.7M0.41%34,503,131CommonSOLE
00724F101ADBEAdobe, Inc.$757.5M0.41%2,164,475CommonSOLE
G5960L103MDTMedtronic PLC$743.3M0.40%7,738,043CommonSOLE
918204108VFCVF Corp.$735.5M0.40%40,679,850CommonSOLE
N53745100LYBLyondellBasell Industries NV$730.9M0.39%16,879,077CommonSOLE
14448C104CARRCarrier Global Corp.$709.2M0.38%13,421,292CommonSOLE
150870103CECelanese Corp.$647.1M0.35%15,304,050CommonSOLE
750940108RALRalliant Corp.$621.8M0.34%12,214,679CommonSOLE
857477103STTState Street Corp.$612.0M0.33%4,744,154CommonSOLE
36467J108GLPIGaming & Leisure Properties, Inc.$607.3M0.33%13,589,962CommonSOLE
G54950103LINLinde PLC$566.9M0.31%1,329,590CommonSOLE
G98239109XPXP, Inc.$555.9M0.30%33,960,545CommonSOLE
0076CA104AEGAegon, Ltd.$543.7M0.29%70,522,831CommonSOLE
87807B107TRPTC Energy Corp.$511.3M0.28%9,294,300CommonSOLE
722304102PDDPDD Holdings, Inc.$503.4M0.27%4,439,800CommonSOLE
35137L204FOXFox Corp.$471.3M0.25%7,257,827CommonSOLE
L6388F110TIGOMillicom International Cellular SA$450.9M0.24%8,133,132CommonSOLE
98850P109YUMCYum China Holdings, Inc.$408.4M0.22%8,553,962CommonSOLE
595017104MCHPMicrochip Technology, Inc.$394.3M0.21%6,187,474CommonSOLE
110122108BMYBristol-Myers Squibb Co.$381.8M0.21%7,078,250CommonSOLE
47215P106JDJD.com, Inc.$350.0M0.19%12,194,648CommonSOLE
09075V102BNTXBioNTech SE$344.1M0.19%3,614,491CommonSOLE
65249B109NWSANews Corp.$325.2M0.18%12,449,295CommonSOLE
64110W102NTESNetEase, Inc.$296.5M0.16%2,154,376CommonSOLE
H2927K103AMRZAmrize, Ltd.$293.4M0.16%5,385,441CommonSOLE
363576109AJGArthur J Gallagher & Co.$227.9M0.12%880,585CommonSOLE
45167R104IEXIDEX Corp.$224.7M0.12%1,262,550CommonSOLE
40415F101HDBHDFC Bank, Ltd.$201.0M0.11%5,501,800CommonSOLE
465562106ITUBItau Unibanco Holding SA$136.9M0.07%19,120,110CommonSOLE
G3643J108FLUTFlutter Entertainment PLC$135.2M0.07%628,878CommonSOLE
19247G107COHRCoherent Corp.$123.6M0.07%669,855CommonSOLE
060505104BACBank of America Corp.$110.5M0.06%2,009,022CommonSOLE
025816109AXPAmerican Express Co.$108.2M0.06%292,549CommonSOLE
358029106FMSFresenius Medical Care AG$91.2M0.05%3,826,910CommonSOLE
36828A101GEVGE Vernova, Inc.$90.3M0.05%138,214CommonSOLE
127387108CDNSCadence Design Systems, Inc.$74.2M0.04%237,363CommonSOLE
G61188127LBTYKLiberty Global, Ltd.$73.8M0.04%6,682,068CommonSOLE
31946M103FCNCAFirst Citizens BancShares, Inc.$67.7M0.04%31,566CommonSOLE
907818108UNPUnion Pacific Corp.$60.9M0.03%263,116CommonSOLE
969457100WMBThe Williams Co., Inc.$60.2M0.03%1,000,892CommonSOLE
G61188101LBTYALiberty Global, Ltd.$49.9M0.03%4,481,061CommonSOLE
532457108LLYEli Lilly & Co.$45.7M0.02%42,492CommonSOLE
46625H100JPMJPMorgan Chase & Co.$40.1M0.02%124,405CommonSOLE
874039100TSMTaiwan Semiconductor Manufacturing Co., Ltd.$32.8M0.02%107,800CommonNONE
166764100CVXChevron Corp.$32.4M0.02%212,714CommonSOLE
254687106DISThe Walt Disney Co.$30.8M0.02%270,339CommonSOLE
G6375R107NESRNational Energy Services Reunited Corp.$30.2M0.02%1,929,094CommonSOLE
89417E109TRVThe Travelers Co., Inc.$27.5M0.01%94,782CommonSOLE
149123101CATCaterpillar, Inc.$23.3M0.01%40,724CommonSOLE
931142103WMTWalmart, Inc.$20.0M0.01%179,535CommonSOLE
883556102TMOThermo Fisher Scientific, Inc.$14.9M0.01%25,741CommonSOLE
58933Y105MRKMerck & Co., Inc.$14.5M0.01%138,205CommonSOLE
48581R205KSPIKaspi.KZ JSC$14.4M0.01%183,726CommonSOLE
459200101IBMInternational Business Machines Corp.$13.8M0.01%46,702CommonSOLE
742718109PGThe Procter & Gamble Co.$13.0M0.01%90,831CommonSOLE
17275R102CSCOCisco Systems, Inc.$12.6M0.01%163,114CommonSOLE
046353108AZNNAstraZeneca PLC$11.1M0.01%121,043CommonSOLE
87612E106TGTTarget Corp.$9.6M0.01%98,129CommonSOLE
30231G102XOMExxon Mobil Corp.$9.0M0.00%74,493CommonSOLE
037833100AAPLApple, Inc.$8.6M0.00%31,807CommonSOLE
101137107BSXBoston Scientific Corp.$8.5M0.00%88,885CommonSOLE
437076102HDThe Home Depot, Inc.$8.0M0.00%23,247CommonSOLE
11135F101AVGOBroadcom, Inc.$7.1M0.00%20,580CommonSOLE
929160109VMCVulcan Materials Co.$6.8M0.00%24,000CommonSOLE
806857108SLBSLB, Ltd.$6.8M0.00%176,849CommonSOLE
244199105DEDeere & Co.$5.9M0.00%12,626CommonSOLE
084670702BRK/BBerkshire Hathaway, Inc.$5.8M0.00%11,440CommonSOLE
032654105ADIAnalog Devices, Inc.$5.6M0.00%20,775CommonSOLE
871607107SNPSSynopsys, Inc.$4.8M0.00%10,200CommonSOLE
00108J109ACMRACM Research, Inc.$4.4M0.00%112,392CommonSOLE
031162100AMGNAmgen, Inc.$4.4M0.00%13,367CommonSOLE
478160104JNJJohnson & Johnson$4.3M0.00%20,947CommonSOLE
620076307MSIMotorola Solutions, Inc.$4.3M0.00%11,255CommonSOLE
780259305SHELShell PLC$4.1M0.00%55,194CommonSOLE
235851102DHRDanaher Corp.$3.8M0.00%16,450CommonSOLE
278768106SATSEchoStar Corp.$3.5M0.00%32,443CommonSOLE
219350105GLWCorning, Inc.$3.2M0.00%36,850CommonSOLE
46591M109JOYYJOYY, Inc.$3.2M0.00%49,606CommonSOLE
084670108BRK/ABerkshire Hathaway, Inc.$3.0M0.00%4CommonSOLE
693475105PNCThe PNC Financial Services Group, Inc.$2.9M0.00%14,000CommonSOLE
78409V104SPGIS&P Global, Inc.$2.8M0.00%5,400CommonSOLE
58733R102MELIMercadoLibre, Inc.$2.8M0.00%1,392CommonSOLE
718172109PMPhilip Morris International, Inc.$2.7M0.00%17,000CommonSOLE
24703L202DELLDell Technologies, Inc.$2.4M0.00%19,180CommonSOLE
00287Y109ABBVAbbVie, Inc.$2.4M0.00%10,393CommonSOLE
717081103PFEPfizer, Inc.$2.3M0.00%90,364CommonSOLE
701094104PHParker-Hannifin Corp.$2.2M0.00%2,500CommonSOLE
92763W103VIPSVipshop Holdings, Ltd.$2.2M0.00%124,197CommonSOLE
002824100ABTAbbott Laboratories$2.2M0.00%17,324CommonSOLE
056752108BIDUBaidu, Inc.$2.2M0.00%16,530CommonSOLE
42824C109HPEHewlett Packard Enterprise Co.$2.1M0.00%86,454CommonSOLE
580135101MCDMcDonald's Corp.$2.0M0.00%6,475CommonSOLE
65339F101NEENextEra Energy, Inc.$1.9M0.00%23,600CommonSOLE
517834107LVSLas Vegas Sands Corp.$1.8M0.00%28,186CommonSOLE
191216100KOThe Coca-Cola Co.$1.7M0.00%24,000CommonSOLE
438516106HONHoneywell International, Inc.$1.6M0.00%8,019CommonSOLE
68902V107OTISOtis Worldwide Corp.$1.4M0.00%16,010CommonSOLE
89677Q107TCOMTrip.com Group, Ltd.$1.4M0.00%19,250CommonSOLE
22052L104CTVACorteva, Inc.$1.4M0.00%20,527CommonSOLE
88579Y101MMM3M Co.$1.2M0.00%7,676CommonSOLE
02209S103MOAltria Group, Inc.$1.2M0.00%21,000CommonSOLE
Y4600W108KAROKarooooo, Ltd.$1.1M0.00%24,423CommonSOLE
278642103EBAYeBay, Inc.$1.1M0.00%12,750CommonSOLE
04965M106ATATAtour Lifestyle Holdings, Ltd.$1.1M0.00%28,152CommonSOLE
194162103CLColgate-Palmolive Co.$1.1M0.00%14,000CommonSOLE
98955N207ZHZhihu, Inc.$1.0M0.00%319,164CommonSOLE
670346105NUENucor Corp.$1.0M0.00%6,200CommonSOLE
25243Q205DEODiageo PLC$955,6130.00%11,077CommonSOLE
89832Q109TFCTruist Financial Corp.$942,4210.00%19,151CommonSOLE
G0457F107ARCOArcos Dorados Holdings, Inc.$829,1700.00%112,966CommonSOLE
40090E106CIBGrupo Cibest SA$766,2460.00%12,046CommonSOLE
09290D101BLKBlackrock, Inc.$761,0120.00%711CommonSOLE
741511109PSMTPriceSmart, Inc.$755,1570.00%6,156CommonSOLE
P5626F128IFSIntercorp Financial Services, Inc.$736,6830.00%17,391CommonSOLE
03076C106AMPAmeriprise Financial, Inc.$735,5100.00%1,500CommonSOLE
02319V103ABEVAmbev SA$731,8610.00%296,300CommonSOLE
G38327105GPRKGeopark, Ltd.$689,4630.00%93,045CommonSOLE
609207105MDLZMondelez International, Inc.$637,3470.00%11,840CommonSOLE
67066G104NVDANVIDIA Corp.$634,1000.00%3,400CommonSOLE
615369105MCOMoody's Corp.$619,6610.00%1,213CommonSOLE
74743L100QQnity Electronics, Inc.$612,5790.00%7,503CommonSOLE
26614N102DDDuPont de Nemours, Inc.$596,6890.00%14,843CommonSOLE
372460105GPCGenuine Parts Co.$571,7640.00%4,650CommonSOLE
54150E104LOMALoma Negra Cia Industrial Argentina SA$563,0920.00%43,482CommonSOLE
03743Q108APAAPA Corp.$550,3500.00%22,500CommonSOLE
40051E202ASRGrupo Aeroportuario del Sureste SAB de CV$549,7800.00%1,700CommonSOLE
G01125106AFYAAfya, Ltd.$545,3140.00%35,387CommonSOLE
020002101ALLThe Allstate Corp.$540,1490.00%2,595CommonSOLE
518613203LAURLaureate Education, Inc.$528,6190.00%15,700CommonSOLE
370334104GISGeneral Mills, Inc.$520,8000.00%11,200CommonSOLE
G29018101DLODlocal, Ltd.$518,9380.00%36,700CommonSOLE
538034109LYVLive Nation Entertainment, Inc.$498,7500.00%3,500CommonSOLE
P31076105CPACopa Holdings SA$476,4100.00%3,950CommonSOLE
036752103ELVElevance Health, Inc.$455,7150.00%1,300CommonNONE
713448108PEPPepsiCo, Inc.$441,3240.00%3,075CommonSOLE
922908363VOOVanguard S&P 500 ETF$376,3920.00%600CommonSOLE
539830109LMTLockheed Martin Corp.$374,8440.00%775CommonSOLE
71654V408PBRPetroleo Brasileiro SA - Petrobras$369,7200.00%31,200CommonSOLE
904767803ULUnilever PLC$342,9650.00%5,244CommonSOLE
172908105CTASCintas Corp.$338,5260.00%1,800CommonSOLE
G69451105PAXPatria Investments, Ltd.$336,8680.00%21,200CommonSOLE
718546104PSXPhillips 66$335,5040.00%2,600CommonSOLE
92826C839VVisa, Inc.$301,2600.00%859CommonSOLE
46120E602ISRGIntuitive Surgical, Inc.$283,1800.00%500CommonSOLE
552953101MGMMGM Resorts International$273,6750.00%7,500CommonSOLE
70450Y103PYPLPayPal Holdings, Inc.$261,2510.00%4,475CommonSOLE
N4732M103JBSJBS NV$244,4190.00%16,950CommonSOLE
767204100RIORio Tinto PLC$240,0900.00%3,000CommonSOLE
260557103DOWDow, Inc.$227,0900.00%9,713CommonSOLE
693506107PPGPPG Industries, Inc.$225,4120.00%2,200CommonSOLE
H1467J104CBChubb, Ltd.$225,3510.00%722CommonSOLE
92343V104VZVerizon Communications, Inc.$224,0150.00%5,500CommonSOLE
204409601CIGCia Energetica de Minas Gerais$30,0000.00%15,000CommonSOLE

Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.