Dodge & Cox 13F, Q4 2025
Dodge & Cox · quarter ending 31 December 2025 · filed 13 February 2026 · SEC CIK 200217
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2025
The 25 largest of 222 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| The Charles Schwab Corp. | SCHW | $7.64B | 4.1% | -8% shares |
| Johnson Controls International PLC | $7.23B | 3.9% | -6% shares | |
| RTX Corp. | RTX | $6.89B | 3.7% | -6% shares |
| CVS Health Corp. | CVS | $4.96B | 2.7% | -15% shares |
| FedEx Corp. | FDX | $4.50B | 2.4% | -4% shares |
| MetLife, Inc. | MET | $4.12B | 2.2% | -3% shares |
| Alphabet, Inc. | GOOG | $4.04B | 2.2% | -8% shares |
| Booking Holdings, Inc. | BKNG | $3.92B | 2.1% | +8% shares |
| Microsoft Corp. | MSFT | $3.60B | 1.9% | -6% shares |
| Regeneron Pharmaceuticals, Inc. | REGN | $3.55B | 1.9% | unchanged |
| Amazon.com, Inc. | AMZN | $3.52B | 1.9% | -7% shares |
| Alphabet, Inc. | GOOGL | $3.39B | 1.8% | -5% shares |
| TE Connectivity PLC | $3.38B | 1.8% | -7% shares | |
| Comcast Corp. | CMCSA | $3.38B | 1.8% | unchanged |
| GSK PLC | GSK | $3.36B | 1.8% | -13% shares |
| Fiserv, Inc. | FISV | $3.32B | 1.8% | +28% shares |
| Meta Platforms, Inc. | META | $3.31B | 1.8% | +27% shares |
| Occidental Petroleum Corp. | OXY | $3.27B | 1.8% | unchanged |
| Fidelity National Information Services, Inc. | FIS | $3.26B | 1.8% | +14% shares |
| Gilead Sciences, Inc. | GILD | $3.23B | 1.7% | -13% shares |
| The Cigna Group | CI | $3.07B | 1.6% | +20% shares |
| Charter Communications, Inc. | CHTR | $3.05B | 1.6% | +24% shares |
| UnitedHealth Group, Inc. | UNH | $3.03B | 1.6% | -4% shares |
| Wells Fargo & Co. | WFC | $3.01B | 1.6% | -17% shares |
| The Bank of New York Mellon Corp. | BNY | $3.00B | 1.6% | -26% shares |
What changed since Q3 2025
Against the Q3 2025 filing, Dodge & Cox opened 10 new positions, added to 28, trimmed 81, left 103 unchanged and exited 7. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001193125-26-050636, 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.