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Asset Manager ← All Institutions

Dodge & Cox

Q4 2025 · Filed 2026-02-13
Market Value
$184.1B
Holdings
220
+3
New Purchases
9
Added To
38
Closed
7
Reduced
114
Top 10 Concentration
27.4%
Turnover
7.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BN 1.03% 0.00% +1.03% $1.9B
AON 1.50% 0.67% +0.83% $2.8B
WTW 1.24% 0.68% +0.55% $2.3B
REGN 1.93% 1.39% +0.54% $3.5B
TRU 0.46% 0.00% +0.46% $844M
FDX 2.44% 2.08% +0.37% $4.5B
GOOGL 1.84% 1.50% +0.34% $3.4B
GOOG 2.19% 1.85% +0.34% $4.0B
PDD 0.27% 0.00% +0.27% $503M
GEHC 1.39% 1.12% +0.27% $2.6B
SBAC 1.26% 1.02% +0.24% $2.3B
FIS 1.77% 1.54% +0.23% $3.3B
META 1.80% 1.58% +0.22% $3.3B
CI 1.66% 1.46% +0.21% $3.1B
TMUS 0.68% 0.49% +0.20% $1.3B

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FI 1.80% 2.71% -0.90% $3.3B
SATS 0.00% 0.49% -0.49% $4M
BK 1.63% 2.06% -0.44% $3.0B
BAC 0.06% 0.43% -0.37% $110M
BIDU 0.00% 0.32% -0.31% $2M
CVS 2.69% 3.00% -0.30% $5.0B
SNY 1.49% 1.77% -0.28% $2.7B
OXY 1.77% 2.05% -0.28% $3.3B
BABA 0.80% 1.07% -0.27% $1.5B
NSC 1.51% 1.77% -0.27% $2.8B
MSFT 1.95% 2.22% -0.26% $3.6B
COF 1.21% 1.40% -0.19% $2.2B
CPNG 0.63% 0.82% -0.19% $1.2B
TECK 0.00% 0.19% -0.19% $0
JD 0.19% 0.36% -0.17% $350M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 44 $39.0B 21.2%
Large Cap 146 $139.2B 75.6%
Mid Cap 22 $5.9B 3.2%
Small Cap 7 $4M 0.0%
Micro Cap 1 $1M 0.0%

Portfolio Analytics

Avg Market Cap
$259.8B
Median Market Cap
$66.4B
Avg P/E
29.3
Median P/E
21.9
Avg Dividend Yield
0.02%
Avg Beta
0.81
# Stocks
219
# ETFs / Funds
1

Top Holdings (220 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SCHW 4.15% 76,513,926 $7.6B $99.91 -$284M -6,529,327 -7.9%
2 JCI 3.93% 60,382,969 $7.2B $119.75 $171M -3,827,676 -6.0%
3 RTX 3.74% 37,571,811 $6.9B $183.40 $181M -2,527,555 -6.3%
4 CVS 2.69% 62,509,988 $5.0B $79.36 -$556M -10,666,598 -14.6%
5 FDX 2.44% 15,582,168 $4.5B $288.86 $675M -642,992 -4.0%
6 MET 2.24% 52,252,050 $4.1B $78.94 -$295M -1,407,614 -2.6%
7 GOOG 2.19% 12,875,798 $4.0B $313.80 $632M -1,116,939 -8.0%
8 BKNG 2.13% 732,081 $3.9B $5,355.33 $276M +56,999 +8.4%
9 MSFT 1.95% 7,441,750 $3.6B $483.62 -$478M -430,411 -5.5%
10 REGN 1.93% 4,596,358 $3.5B $771.87 $989M +45,513 +1.0%
11 AMZN 1.91% 15,230,394 $3.5B $230.82 -$63M -1,065,936 -6.5%
12 GOOGL 1.84% 10,833,118 $3.4B $313.00 $634M -505,659 -4.5%
13 TEL 1.84% 14,873,850 $3.4B $227.51 -$137M -1,165,904 -7.3%
14 CMCSA 1.83% 112,967,514 $3.4B $29.89 -$160M +399,596 +0.3%
15 GSK 1.82% 68,517,969 $3.4B $49.04 -$24M -9,885,765 -12.6%
16 FI 1.80% 49,474,622 $3.3B $67.17 -$1.7B +10,840,613 +28.1%
17 META 1.80% 5,019,837 $3.3B $660.09 $403M +1,056,630 +26.7%
18 OXY 1.77% 79,473,071 $3.3B $41.12 -$507M -410,300 -0.5%
19 FIS 1.77% 49,113,297 $3.3B $66.46 $422M +6,008,090 +13.9%
20 GILD 1.75% 26,283,511 $3.2B $122.74 -$119M -3,849,620 -12.8%
21 CI 1.66% 11,138,614 $3.1B $275.23 $383M +1,833,389 +19.7%
22 CHTR 1.66% 14,609,220 $3.0B $208.75 -$199M +2,801,671 +23.7%
23 UNH 1.64% 9,172,769 $3.0B $330.11 -$254M -332,867 -3.5%
24 WFC 1.64% 32,311,711 $3.0B $93.20 -$248M -6,576,214 -16.9%
25 BK 1.63% 25,811,239 $3.0B $116.09 -$800M -9,031,705 -25.9%
26 HUM 1.57% 11,290,435 $2.9B $256.13 -$58M -47,751 -0.4%
27 NSC 1.51% 9,623,885 $2.8B $288.72 -$488M -1,250,364 -11.5%
28 AON 1.50% 7,852,456 $2.8B $352.88 $1.5B +4,387,773 +126.6%
29 SNY 1.49% 56,492,599 $2.7B $48.46 -$516M -12,439,148 -18.1%
30 GEHC 1.39% 31,211,229 $2.6B $82.02 $493M +3,693,918 +13.4%
31 IFF 1.33% 36,401,042 $2.5B $67.39 $178M -571,596 -1.6%
32 FTV 1.32% 44,157,822 $2.4B $55.21 $351M +1,562,028 +3.7%
33 SBAC 1.26% 11,996,134 $2.3B $193.43 $451M +2,328,837 +24.1%
34 APD 1.24% 9,236,610 $2.3B $247.02 -$174M +231,718 +2.6%
35 WTW 1.24% 6,925,525 $2.3B $328.60 $1.0B +3,293,334 +90.7%
36 COF 1.21% 9,163,067 $2.2B $242.36 -$353M -2,944,850 -24.3%
37 BUD 1.15% 33,113,431 $2.1B $64.04 -$58M -3,432,790 -9.4%
38 ZBH 1.15% 23,506,849 $2.1B $89.92 -$173M +290,676 +1.2%
39 BN 1.03% 41,280,320 $1.9B $45.89 +41,280,320 NEW
40 BKR 1.01% 40,759,438 $1.9B $45.54 -$290M -3,294,050 -7.5%
41 SUI 0.98% 14,491,865 $1.8B $123.91 -$72M +11,050 +0.1%
42 ELAN 0.97% 79,084,305 $1.8B $22.63 $123M -3,675,532 -4.4%
43 GE 0.87% 5,191,577 $1.6B $308.03 -$287M -1,080,045 -17.2%
44 UBS 0.85% 33,665,342 $1.6B $46.23 -$197M -8,976,100 -21.1%
45 HLN 0.83% 151,755,452 $1.5B $10.11 $149M -2,629,170 -1.7%
46 GS 0.82% 1,709,674 $1.5B $879.00 -$256M -498,951 -22.6%
47 BABA 0.80% 10,016,870 $1.5B $146.58 -$493M -958,500 -8.7%
48 LPLA 0.77% 3,948,970 $1.4B $357.17 $303M +619,715 +18.6%
49 AVTR 0.73% 117,065,143 $1.3B $11.46 -$128M -681,745 -0.6%
50 INCY 0.71% 13,261,742 $1.3B $98.77 $128M -670,674 -4.8%
51 D 0.70% 22,149,918 $1.3B $58.59 -$96M -630,115 -2.8%
52 TMUS 0.68% 6,185,972 $1.3B $203.04 $360M +2,442,450 +65.2%
53 CTSH 0.68% 14,983,337 $1.2B $83.00 $157M -1,218,305 -7.5%
54 NVS 0.67% 9,014,641 $1.2B $137.87 -$115M -1,570,504 -14.8%
55 SU 0.66% 27,257,754 $1.2B $44.36 $61M -214,200 -0.8%
56 CPNG 0.63% 49,233,320 $1.2B $23.59 -$350M +2,285,600 +4.9%
57 BAP 0.60% 3,870,940 $1.1B $287.00 -$194M -1,028,775 -21.0%
58 BAX 0.59% 56,999,970 $1.1B $19.11 -$218M -396,400 -0.7%
59 AEP 0.59% 9,342,540 $1.1B $115.31 $6M -180,976 -1.9%
60 ADM 0.53% 17,084,645 $982M $57.49 $82M +2,016,101 +13.4%
61 CX 0.53% 84,794,670 $974M $11.49 $105M -11,939,700 -12.3%
62 COP 0.52% 10,290,169 $963M $93.61 -$14M -36,831 -0.4%
63 TAP 0.47% 18,610,924 $869M $46.68 $26M -20,300 -0.1%
64 BMRN 0.47% 14,572,384 $866M $59.43 $71M -114,417 -0.8%
65 TDY 0.47% 1,685,340 $861M $510.73 -$124M +4,378 +0.3%
66 FOXA 0.46% 11,613,443 $849M $73.07 $19M -1,538,526 -11.7%
67 TRU 0.46% 9,842,006 $844M $85.75 +9,842,006 NEW
68 NBIX 0.42% 5,508,042 $781M $141.83 $1M -48,576 -0.9%
69 ALNY 0.42% 1,964,415 $781M $397.65 -$277M -356,815 -15.4%
70 HPQ 0.42% 34,503,131 $769M $22.28 -$176M -180,200 -0.5%
71 ADBE 0.41% 2,164,475 $758M $349.99 $195M +570,969 +35.8%
72 MDT 0.40% 7,738,043 $743M $96.06 $8M +12,972 +0.2%
73 VFC 0.40% 40,679,850 $735M $18.08 $144M -297,550 -0.7%
74 LYB 0.40% 16,879,077 $731M $43.30 -$101M -89,985 -0.5%
75 CARR 0.39% 13,421,292 $709M $52.84 -$92M -6,405 -0.1%
76 CE 0.35% 15,304,050 $647M $42.28 $639K -57,554 -0.4%
77 RAL 0.34% 12,214,679 $622M $50.91 $150M +1,434,376 +13.3%
78 STT 0.33% 4,744,154 $612M $129.01 -$176M -2,051,020 -30.2%
79 GLPI 0.33% 13,589,962 $607M $44.69 -$26M +7,105 +0.1%
80 LIN 0.31% 1,329,590 $567M $426.39 -$65M
81 XP 0.30% 33,960,545 $556M $16.37 -$92M -517,600 -1.5%
82 TRP 0.28% 9,294,300 $511M $55.01 -$14M -351,500 -3.6%
83 PDD 0.27% 4,439,800 $503M $113.39 +4,439,800 NEW
84 FOX 0.26% 7,257,827 $471M $64.93 $54M -27,364 -0.4%
85 TIGO 0.24% 8,133,132 $451M $55.44 $41M -315,500 -3.7%
86 YUMC 0.22% 8,553,962 $408M $47.74 $43M +33,100 +0.4%
87 MCHP 0.21% 6,187,474 $394M $63.72 -$5M -24,390 -0.4%
88 BMY 0.21% 7,078,250 $382M $53.94 $47M -345,570 -4.7%
89 JD 0.19% 12,194,648 $350M $28.70 -$307M -6,597,601 -35.1%
90 BNTX 0.19% 3,614,491 $344M $95.20 -$16M -32,600 -0.9%
91 NWSA 0.18% 12,449,295 $325M $26.12 -$58M -27,150 -0.2%
92 NTES 0.16% 2,154,376 $296M $137.62 -$52M -138,200 -6.0%
93 AJG 0.12% 880,585 $228M $258.79 +880,585 NEW
94 IEX 0.12% 1,262,550 $225M $177.94 $169M +918,208 +266.7%
95 HDB 0.11% 5,501,800 $201M $36.54 -$11M -713,000 -11.5%
96 ITUB 0.07% 19,120,110 $137M $7.16 $213K +497,895 +2.7%
97 COHR 0.07% 669,855 $124M $184.57 $43M -75,024 -10.1%
98 BAC 0.06% 2,009,022 $110M $55.00 -$681M -13,337,999 -86.9%
99 AXP 0.06% 292,549 $108M $369.95 -$7M -52,943 -15.3%
100 FMS 0.05% 3,826,910 $91M $23.82 -$10M

New Positions

SymbolValue% Port
BN $1.9B 1.03%
TRU $844M 0.46%
PDD $503M 0.27%
AJG $228M 0.12%
FCNCA $68M 0.04%
KARO $1M —%
ATAT $1M —%
Q $613K —%
RIO $240K —%

Sold Out Positions

SymbolValue% Port
ZTS —%
HAL —%
TECK —%
AMG —%
UL —%
TV —%
GPS —%
View SEC EDGAR Filings for Dodge & Cox →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms