Dodge & Cox 13F, Q4 2024
Dodge & Cox · quarter ending 31 December 2024 · filed 13 February 2025 · SEC CIK 200217
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2024
The 25 largest of 214 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2024 filing.
| Company | Ticker | Value | % of book | vs Q3 2024 |
|---|---|---|---|---|
| The Charles Schwab Corp. | SCHW | $6.61B | 3.9% | unchanged |
| Fiserv, Inc. | FISV | $6.61B | 3.9% | unchanged |
| Johnson Controls International PLC | $6.34B | 3.7% | -6% shares | |
| RTX Corp. | RTX | $5.15B | 3.0% | unchanged |
| Wells Fargo & Co. | WFC | $4.95B | 2.9% | -19% shares |
| MetLife, Inc. | MET | $4.43B | 2.6% | unchanged |
| Charter Communications, Inc. | CHTR | $3.96B | 2.3% | unchanged |
| FedEx Corp. | FDX | $3.91B | 2.3% | +6% shares |
| Booking Holdings, Inc. | BKNG | $3.89B | 2.3% | unchanged |
| Microsoft Corp. | MSFT | $3.82B | 2.2% | unchanged |
| Amazon.com, Inc. | AMZN | $3.77B | 2.2% | unchanged |
| Sanofi SA | SNY | $3.63B | 2.1% | unchanged |
| Occidental Petroleum Corp. | OXY | $3.46B | 2.0% | -10% shares |
| Alphabet, Inc. | GOOG | $3.45B | 2.0% | -27% shares |
| The Bank of New York Mellon Corp. | BNY | $3.43B | 2.0% | -8% shares |
| CVS Health Corp. | CVS | $3.15B | 1.8% | +11% shares |
| Capital One Financial Corp. | COF | $3.08B | 1.8% | -7% shares |
| Gilead Sciences, Inc. | GILD | $3.04B | 1.8% | unchanged |
| Comcast Corp. | CMCSA | $2.97B | 1.7% | +7% shares |
| Fidelity National Information Services, Inc. | FIS | $2.77B | 1.6% | -16% shares |
| International Flavors & Fragrances, Inc. | IFF | $2.66B | 1.6% | +12% shares |
| Humana, Inc. | HUM | $2.59B | 1.5% | +107% shares |
| Norfolk Southern Corp. | NSC | $2.51B | 1.5% | unchanged |
| The Cigna Group | CI | $2.42B | 1.4% | unchanged |
| GE Aerospace | GE | $2.36B | 1.4% | unchanged |
What changed since Q3 2024
Against the Q3 2024 filing, Dodge & Cox opened 12 new positions, added to 30, trimmed 42, left 130 unchanged and exited 3. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- FTV$583.49M
- Sunrise Communications AG$98.65M
- National Energy Services Reunited Corp.$6.88M
- IWD$3.17M
- AMG$1.20M
- LYV$906.5K
- Arcos Dorados Holdings, Inc.$771.7K
- BLK$768.8K
and 4 more
Exited
- BlackRock, Inc.was $712.1K
- BEKEwas $367.1K
- Chubb, Ltd.was $208.2K
Other quarters
Source: SEC Form 13F-HR, accession 0000950123-25-002054, filed by DODGE & COX. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.