Dodge & Cox portfolio: Q2 2026 13F
Every US-listed position Dodge & Cox reported in its 13F for Q2 2026, the quarter ended Jun 30, 2026, filed with the SEC on Aug 13, 2026. 222 positions at the quarter end, after opening 7 and exiting 7 during it.
50 largest positions
| Ticker | Company | Allocation | Value | Shares | Change |
|---|---|---|---|---|---|
| JCI | Johnson Controls International plc | 4.27% | $8.15B | 55,776,006 | Trimmed |
| SCHW | Charles Schwab Corp | 3.72% | $7.10B | 76,968,323 | Added |
| RTX | RTX Corp | 3.49% | $6.66B | 35,113,249 | Trimmed |
| CVS | CVS Health Corp | 2.71% | $5.17B | 50,012,765 | Trimmed |
| MSFT | Microsoft Corp | 2.51% | $4.79B | 12,836,229 | Added |
| BKNG | Booking Holdings Inc. | 2.38% | $4.55B | 25,536,950 | Added |
| HUM | Humana Inc | 2.28% | $4.35B | 10,940,380 | Trimmed |
| GOOG | Alphabet Inc. | 2.21% | $4.23B | 11,961,097 | Trimmed |
| MET | MetLife Inc | 2.15% | $4.10B | 48,431,150 | Trimmed |
| SUNB | Sunbelt Rentals Holdings, Inc. | 2.14% | $4.10B | 54,761,610 | Added |
| AMZN | Amazon.com Inc | 2.08% | $3.98B | 16,708,513 | Added |
| GOOGL | Alphabet Inc. | 1.99% | $3.81B | 10,658,860 | Added |
| UNH | UnitedHealth Group Inc | 1.97% | $3.77B | 9,072,258 | Trimmed |
| META | Meta Platforms, Inc. | 1.91% | $3.66B | 6,489,255 | Added |
| OXY | Occidental Petroleum Corp | 1.85% | $3.53B | 72,764,944 | Trimmed |
| TEL | TE Connectivity plc | 1.79% | $3.42B | 16,968,886 | Added |
| CI | Cigna Group | 1.76% | $3.36B | 12,173,875 | Added |
| REGN | Regeneron Pharmaceuticals, Inc. | 1.59% | $3.04B | 4,871,137 | Added |
| GILD | Gilead Sciences, Inc. | 1.57% | $2.99B | 23,677,567 | Trimmed |
| IFF | International Flavors & Fragrances Inc | 1.53% | $2.93B | 37,007,037 | Added |
| AON | Aon plc | 1.49% | $2.85B | 8,593,144 | Added |
| CMCSA | Comcast Corp | 1.49% | $2.85B | 115,903,125 | Added |
| APD | Air Products & Chemicals, Inc. | 1.44% | $2.75B | 9,393,493 | Added |
| FTV | Fortive Corp | 1.41% | $2.69B | 43,979,772 | Added |
| BN | Brookfield Corp | 1.36% | $2.61B | 61,210,651 | Added |
| WFC | Wells Fargo & Company | 1.36% | $2.59B | 31,328,076 | Added |
| GSK | GSK plc | 1.32% | $2.53B | 48,197,514 | Trimmed |
| FISV | Fiserv Inc | 1.29% | $2.46B | 50,194,946 | Trimmed |
| BUD | Anheuser-Busch InBev SA/NV | 1.27% | $2.43B | 29,477,348 | Trimmed |
| GEHC | GE HealthCare Technologies Inc. | 1.27% | $2.42B | 37,864,164 | Added |
| BNY | Bank of New York Mellon Corp | 1.26% | $2.40B | 16,608,370 | Trimmed |
| ROP | Roper Technologies Inc | 1.25% | $2.39B | 7,060,583 | Added |
| FDX | FedEx Corp | 1.19% | $2.26B | 7,233,269 | Trimmed |
| SBAC | SBA Communications Corp | 1.14% | $2.17B | 12,323,254 | Added |
| AJG | Arthur J. Gallagher & Co. | 1.13% | $2.15B | 9,363,634 | Added |
| CHTR | Charter Communications, Inc. | 1.12% | $2.14B | 15,032,214 | Added |
| WTW | Willis Towers Watson plc | 1.10% | $2.10B | 8,025,392 | Added |
| ZBH | Zimmer Biomet Holdings, Inc. | 1.09% | $2.08B | 24,124,735 | Added |
| CARR | Carrier Global Corp | 1.06% | $2.02B | 27,475,603 | Added |
| BKR | Baker Hughes Co | 1.01% | $1.93B | 34,854,482 | Trimmed |
| FIS | Fidelity National Information Services, Inc. | 1.00% | $1.91B | 49,069,080 | Trimmed |
| V | Visa Inc. | 0.97% | $1.86B | 5,417,326 | Added |
| COF | Capital One Financial Corp | 0.96% | $1.83B | 9,117,926 | Added |
| TRU | TransUnion | 0.91% | $1.75B | 24,196,211 | Added |
| UBS | UBS Group AG | 0.87% | $1.67B | 33,630,342 | Trimmed |
| ELAN | Elanco Animal Health Inc | 0.87% | $1.66B | 67,397,025 | Trimmed |
| TMO | Thermo Fisher Scientific Inc. | 0.80% | $1.53B | 3,054,778 | Added |
| HLN | Haleon plc | 0.73% | $1.40B | 149,934,507 | Added |
| SU | Suncor Energy Inc | 0.71% | $1.36B | 25,366,554 | Trimmed |
| INCY | Incyte Corp | 0.71% | $1.36B | 11,957,326 | Trimmed |
Showing the 50 largest of 222 positions by allocation. The full portfolio, sortable by value, allocation and share count, loads below.
What changed in Q2 2026
| Action | Ticker | Company | Share change | Value |
|---|---|---|---|---|
| Trimmed | JCI | Johnson Controls International plc | -1,730,208 | $8.15B |
| Added | SCHW | Charles Schwab Corp | +1,965,442 | $7.10B |
| Trimmed | RTX | RTX Corp | -360,130 | $6.66B |
| Trimmed | CVS | CVS Health Corp | -1,767,351 | $5.17B |
| Added | MSFT | Microsoft Corp | +876,294 | $4.79B |
| Added | BKNG | Booking Holdings Inc. | +599,500 | $4.55B |
| Trimmed | HUM | Humana Inc | -440,293 | $4.35B |
| Trimmed | GOOG | Alphabet Inc. | -267,421 | $4.23B |
| Trimmed | MET | MetLife Inc | -2,683,626 | $4.10B |
| Added | SUNB | Sunbelt Rentals Holdings, Inc. | +1,659,763 | $4.10B |
| Added | AMZN | Amazon.com Inc | +1,598,614 | $3.98B |
| Added | GOOGL | Alphabet Inc. | +34,445 | $3.81B |
| Trimmed | UNH | UnitedHealth Group Inc | -394,498 | $3.77B |
| Added | META | Meta Platforms, Inc. | +1,474,936 | $3.66B |
| Trimmed | OXY | Occidental Petroleum Corp | -1,320,628 | $3.53B |
| Added | TEL | TE Connectivity plc | +2,279,936 | $3.42B |
| Added | CI | Cigna Group | +618,088 | $3.36B |
| Added | REGN | Regeneron Pharmaceuticals, Inc. | +412,899 | $3.04B |
| Trimmed | GILD | Gilead Sciences, Inc. | -573,259 | $2.99B |
| Added | IFF | International Flavors & Fragrances Inc | +534,095 | $2.93B |
| Added | AON | Aon plc | +477,049 | $2.85B |
| Added | CMCSA | Comcast Corp | +2,794,881 | $2.85B |
| Added | APD | Air Products & Chemicals, Inc. | +161,918 | $2.75B |
| Added | FTV | Fortive Corp | +823,575 | $2.69B |
| Added | BN | Brookfield Corp | +2,023,796 | $2.61B |
The 25 largest changes by value. The full quarter, filterable by action, loads below.
About these holdings
The 13F on record for Dodge & Cox (Dodge & Cox Funds), filed on Aug 13, 2026, reports 222 positions as of Jun 30, 2026. The largest is Johnson Controls International plc (JCI) at 4.3% of the reported portfolio, followed by Charles Schwab Corp (SCHW, 3.7%) and RTX Corp (RTX, 3.5%). The ten largest make up 27.9% of it. Against the previous quarter, it opened 7 new positions, added to 71, trimmed 94 and sold out of 7. The largest new position is FedEx Freight Holding Company, Inc. (FDXF), at 0.6% of the portfolio. The largest position it added to is Charles Schwab Corp (SCHW), now 3.7%. The largest it sold out of, by its value the quarter before, is LyondellBasell Industries N.V. (LYB).
Johnson Controls International plc (JCI), the largest position, is also held by Andreas Halvorsen, Christopher Davis, Ken Griffin and Bill Nygren.
Other investors
Polen Capital MgmtGeorge SorosLee AinslieMairs & PowerBill NygrenFirst Eagle InvestmentRichard PzenaRay Dalio