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Dodge & Cox
The positions Dodge & Cox reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 13 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.
Reported book
$191bn
+$9.0bn on Q1 2026
Positions
222
7 new, 9 sold out
Top ten weight
28%
Spread across the book
Quarter
Q2 2026
Filed 13 Aug 2026
Read the Q2 2026 filing on sec.gov CIK 0000200217 · Value / activist · CA
Opened this quarter
A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.
- Fedex Freight Holding Co., Inc. (FDXF)$1.1bn · 0.6%
- KKR & Co., Inc.$740m · 0.4%
- Liberty Global, Ltd.$27m · 0.0%
- Sea, Ltd.$2.2m · 0.0%
- Honeywell International, Inc. (HON)$900k · 0.0%
- Honeywell Aerospace, Inc. (HONA)$900k · 0.0%
- DuPont de Nemours, Inc. (DD)$600k · 0.0%
Sold out of this quarter
Exits are valued at what the position was worth in the previous filing, because by this one it is gone.
- LyondellBasell Industries NV$1.4bn held before
- Liberty Global, Ltd.$62m held before
- Honeywell International, Inc. (HON)$1.8m held before
- eBay, Inc. (EBAY)$1.1m held before
- PriceSmart, Inc. (PSMT)$900k held before
- Loma Negra Cia Industrial Argentina SA$800k held before
- DuPont de Nemours, Inc. (DD)$700k held before
- Intuitive Surgical, Inc. (ISRG)$200k held before
- Halliburton Co. (HAL)$200k held before
Every reported position, Q2 2026
200 positions, sorted by weight · page 2 of 2
| Position | Weight ↑ | Value | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
HDFC Bank, Ltd. (HDB) SPONSORED ADS · CUSIP 40415F101 | 0.1% | $173m | 6,678,700 | +$31m +990,400 shares | Added |
Coherent Corp. (COHR) COM · CUSIP 19247G107 | 0.1% | $215m | 544,160 | +$82m -14,760 shares | Trimmed |
GE Aerospace COM NEW · CUSIP 369604301 | 0.1% | $224m | 598,052 | +$14m -139,947 shares | Trimmed |
NetEase, Inc. SPONSORED ADS · CUSIP 64110W102 | 0.1% | $277m | 2,162,476 | +$36m +5,500 shares | Added |
JD.com, Inc. SPON ADS CL A · CUSIP 47215P106 | 0.2% | $311m | 12,194,648 | -$50m 0 shares | Held |
News Corp. CL A · CUSIP 65249B109 | 0.2% | $311m | 12,538,190 | +$5.8m +281,944 shares | Added |
TC Energy Corp. COM · CUSIP 87807B107 | 0.2% | $334m | 5,034,800 | -$223m -3,857,600 shares | Trimmed |
Fox Corp. CL B COM · CUSIP 35137L204 | 0.2% | $340m | 7,266,093 | -$41m +87,199 shares | Added |
Yum China Holdings, Inc. (YUMC) COM · CUSIP 98850P109 | 0.2% | $342m | 8,365,562 | -$66m +13,800 shares | Added |
BioNTech SE (BNTX) SPONSORED ADS · CUSIP 09075V102 | 0.2% | $342m | 3,677,591 | +$15m +800 shares | Added |
PDD Holdings, Inc. (PDD) SPONSORED ADS · CUSIP 722304102 | 0.2% | $347m | 4,550,000 | -$117m +12,400 shares | Added |
VF Corp. COM · CUSIP 918204108 | 0.2% | $374m | 22,406,175 | -$187m -10,618,450 shares | Trimmed |
Aegon, Ltd. AMER REG 1 CERT · CUSIP 0076CA104 | 0.2% | $377m | 44,635,184 | +$9.7m -5,921,325 shares | Trimmed |
Microchip Technology, Inc. COM · CUSIP 595017104 | 0.3% | $505m | 5,533,359 | +$109m -596,357 shares | Trimmed |
XP, Inc. (XP) CL A · CUSIP G98239109 | 0.3% | $530m | 32,564,312 | -$94m -162,376 shares | Trimmed |
Cognizant Technology Solutions Corp. (CTSH) CL A · CUSIP 192446102 | 0.3% | $563m | 14,542,493 | -$312m +269,586 shares | Added |
Fox Corp. CL A COM · CUSIP 35137L105 | 0.3% | $585m | 11,223,096 | -$51m +326,254 shares | Added |
Alnylam Pharmaceuticals, Inc. (ALNY) COM · CUSIP 02043Q107 | 0.3% | $589m | 1,955,393 | -$50m +26,140 shares | Added |
Gaming & Leisure Properties, Inc. (GLPI) COM · CUSIP 36467J108 | 0.3% | $613m | 13,773,135 | +$16m +314,978 shares | Added |
Medtronic PLC (MDT) SHS · CUSIP G5960L103 | 0.3% | $616m | 7,875,898 | -$51m +181,290 shares | Added |
Adobe, Inc. (ADBE) COM · CUSIP 00724F101 | 0.3% | $639m | 3,114,932 | +$32m +619,337 shares | Added |
Taiwan Semiconductor Manufacturing Co., Ltd. SPONSORED ADS · CUSIP 874039100 | 0.4% | $688m | 1,440,767 | +$652m +1,332,967 shares | Added |
Linde PLC (LIN) SHS · CUSIP G54950103 | 0.4% | $688m | 1,326,590 | +$31m 0 shares | Held |
Celanese Corp. (CE) COM · CUSIP 150870103 | 0.4% | $703m | 15,282,234 | -$306m -63,676 shares | Trimmed |
KKR & Co., Inc. COM · CUSIP 48251W104 | 0.4% | $740m | 8,060,515 | No earlier filing | New |
Molson Coors Beverage Co. CL B · CUSIP 60871R209 | 0.4% | $743m | 19,065,434 | -$55m +542,385 shares | Added |
Millicom International Cellular SA COM STK · CUSIP L6388F110 | 0.4% | $746m | 8,218,532 | +$134m +56,100 shares | Added |
Norfolk Southern Corp. (NSC) COM · CUSIP 655844108 | 0.4% | $789m | 2,508,128 | -$1.0bn -3,749,622 shares | Trimmed |
First Citizens BancShares, Inc. CL A · CUSIP 31946M103 | 0.4% | $841m | 404,215 | +$100m +11,128 shares | Added |
BioMarin Pharmaceutical, Inc. (BMRN) COM · CUSIP 09061G101 | 0.4% | $849m | 14,844,930 | +$27m +283,171 shares | Added |
HP, Inc. (HPQ) COM · CUSIP 40434L105 | 0.5% | $935m | 42,627,828 | +$136m +1,035,287 shares | Added |
Neurocrine Biosciences, Inc. (NBIX) COM · CUSIP 64125C109 | 0.5% | $941m | 5,584,707 | +$222m +123,670 shares | Added |
Alibaba Group Holding, Ltd. SPONSORED ADS · CUSIP 01609W102 | 0.5% | $956m | 9,957,970 | -$289m +40,200 shares | Added |
Cemex SAB de CV SPON ADR NEW · CUSIP 151290889 | 0.5% | $962m | 80,187,637 | -$13m -5,048,933 shares | Trimmed |
ConocoPhillips (COP) COM · CUSIP 20825C104 | 0.5% | $963m | 9,266,284 | -$310m -379,574 shares | Trimmed |
Novo Nordisk A/S ADR · CUSIP 670100205 | 0.5% | $978m | 20,397,110 | +$267m +1,063,360 shares | Added |
Credicorp, Ltd. (BAP) COM · CUSIP G2519Y108 | 0.5% | $1.0bn | 2,614,315 | -$138m -795,860 shares | Trimmed |
Ralliant Corp. (RAL) COM · CUSIP 750940108 | 0.5% | $1.0bn | 14,005,203 | +$459m +257,652 shares | Added |
T-Mobile U.S., Inc. COM · CUSIP 872590104 | 0.6% | $1.1bn | 6,335,783 | -$231m +177,984 shares | Added |
Teledyne Technologies, Inc. (TDY) COM · CUSIP 879360105 | 0.6% | $1.1bn | 1,612,837 | +$105m +8,572 shares | Added |
Archer-Daniels-Midland Co. (ADM) COM · CUSIP 039483102 | 0.6% | $1.1bn | 14,182,325 | -$62m -1,574,815 shares | Trimmed |
Fedex Freight Holding Co., Inc. (FDXF) COMMON STOCK · CUSIP 314352105 | 0.6% | $1.1bn | 7,182,771 | No earlier filing | New |
Sun Communities, Inc. (SUI) COM · CUSIP 866674104 | 0.6% | $1.1bn | 9,500,781 | -$658m -4,765,249 shares | Trimmed |
American Electric Power Co., Inc. (AEP) COM · CUSIP 025537101 | 0.6% | $1.2bn | 8,674,355 | +$41m -65,480 shares | Trimmed |
Avantor, Inc. (AVTR) COM · CUSIP 05352A100 | 0.6% | $1.2bn | 120,020,974 | +$250m +372,645 shares | Added |
Sanofi SA SPONSORED ADR · CUSIP 80105N105 | 0.6% | $1.2bn | 28,088,274 | -$223m -1,416,358 shares | Trimmed |
Baxter International, Inc. (BAX) COM · CUSIP 071813109 | 0.7% | $1.2bn | 58,386,345 | +$283m +1,131,775 shares | Added |
Dominion Energy, Inc. (D) COM · CUSIP 25746U109 | 0.7% | $1.2bn | 18,303,470 | +$46m -1,174,050 shares | Trimmed |
Coupang, Inc. (CPNG) CL A · CUSIP 22266T109 | 0.7% | $1.3bn | 72,194,220 | -$106m +186,100 shares | Added |
LPL Financial Holdings, Inc. (LPLA) COM · CUSIP 50212V100 | 0.7% | $1.3bn | 4,578,679 | +$42m +432,132 shares | Added |
Incyte Corp. (INCY) COM · CUSIP 45337C102 | 0.7% | $1.4bn | 11,957,326 | +$202m -295,030 shares | Trimmed |
Suncor Energy, Inc. (SU) COM · CUSIP 867224107 | 0.7% | $1.4bn | 25,366,554 | -$375m -895,900 shares | Trimmed |
Haleon PLC SPON ADS · CUSIP 405552100 | 0.7% | $1.4bn | 149,934,507 | -$68m +3,394,844 shares | Added |
Thermo Fisher Scientific, Inc. (TMO) COM · CUSIP 883556102 | 0.8% | $1.5bn | 3,054,778 | +$1.5bn +3,029,037 shares | Added |
Elanco Animal Health, Inc. (ELAN) COM · CUSIP 28414H103 | 0.9% | $1.7bn | 67,397,025 | +$8.8m -1,547,075 shares | Trimmed |
UBS Group AG SHS · CUSIP H42097107 | 0.9% | $1.7bn | 33,630,342 | +$357m -14,300 shares | Trimmed |
TransUnion (TRU) COM · CUSIP 89400J107 | 0.9% | $1.7bn | 24,196,211 | +$625m +8,006,700 shares | Added |
Capital One Financial Corp. COM · CUSIP 14040H105 | 1.0% | $1.8bn | 9,117,926 | +$228m +342,994 shares | Added |
Visa, Inc. (V) COM CL A · CUSIP 92826C839 | 1.0% | $1.9bn | 5,417,326 | +$1.9bn +5,416,467 shares | Added |
Fidelity National Information Services, Inc. (FIS) COM · CUSIP 31620M106 | 1.0% | $1.9bn | 49,069,080 | -$394m -4,077 shares | Trimmed |
Baker Hughes Co. (BKR) CL A · CUSIP 05722G100 | 1.0% | $1.9bn | 34,854,482 | -$256m -1,017,076 shares | Trimmed |
Carrier Global Corp. (CARR) COM · CUSIP 14448C104 | 1.1% | $2.0bn | 27,475,603 | +$516m +853,330 shares | Added |
Zimmer Biomet Holdings, Inc. (ZBH) COM · CUSIP 98956P102 | 1.1% | $2.1bn | 24,124,735 | -$52m +582,035 shares | Added |
Willis Towers Watson PLC (WTW) SHS · CUSIP G96629103 | 1.1% | $2.1bn | 8,025,392 | -$34m +692,978 shares | Added |
Charter Communications, Inc. CL A · CUSIP 16119P108 | 1.1% | $2.1bn | 15,032,214 | -$1.0bn +405,005 shares | Added |
Arthur J Gallagher & Co. (AJG) COM · CUSIP 363576109 | 1.1% | $2.1bn | 9,363,634 | +$557m +2,008,719 shares | Added |
SBA Communications Corp. (SBAC) CL A · CUSIP 78410G104 | 1.1% | $2.2bn | 12,323,254 | +$95m +242,970 shares | Added |
FedEx Corp. (FDX) COM · CUSIP 31428X106 | 1.2% | $2.3bn | 7,233,269 | -$1.3bn -2,750,180 shares | Trimmed |
Roper Technologies, Inc. (ROP) COM · CUSIP 776696106 | 1.3% | $2.4bn | 7,060,583 | +$1.2bn +3,716,889 shares | Added |
The Bank of New York Mellon Corp. COM · CUSIP 064058100 | 1.3% | $2.4bn | 16,608,370 | -$374m -6,793,424 shares | Trimmed |
GE HealthCare Technologies, Inc. (GEHC) COMMON STOCK · CUSIP 36266G107 | 1.3% | $2.4bn | 37,864,164 | +$195m +6,552,100 shares | Added |
Anheuser-Busch InBev SA/NV SPONSORED ADR · CUSIP 03524A108 | 1.3% | $2.4bn | 29,477,348 | +$370m -206,388 shares | Trimmed |
Fiserv, Inc. (FISV) COM · CUSIP 337738108 | 1.3% | $2.5bn | 50,194,946 | -$343m -66,004 shares | Trimmed |
Gsk plc SPONSORED ADR · CUSIP 37733W204 | 1.3% | $2.5bn | 48,197,514 | -$711m -10,465,460 shares | Trimmed |
Wells Fargo & Co. COM · CUSIP 949746101 | 1.4% | $2.6bn | 31,328,076 | +$108m +159,745 shares | Added |
Brookfield Corp. CL A LTD VT SH · CUSIP 11271J107 | 1.4% | $2.6bn | 61,210,651 | +$212m +2,023,796 shares | Added |
Fortive Corp. (FTV) COM · CUSIP 34959J108 | 1.4% | $2.7bn | 43,979,772 | +$301m +823,575 shares | Added |
Air Products & Chemicals, Inc. (APD) COM · CUSIP 009158106 | 1.4% | $2.8bn | 9,393,493 | +$72m +161,918 shares | Added |
Comcast Corp. CL A · CUSIP 20030N101 | 1.5% | $2.8bn | 115,903,125 | -$402m +2,794,881 shares | Added |
Aon PLC (AON) SHS CL A · CUSIP G0403H108 | 1.5% | $2.9bn | 8,593,144 | +$231m +477,049 shares | Added |
International Flavors & Fragrances, Inc. (IFF) COM · CUSIP 459506101 | 1.5% | $2.9bn | 37,007,037 | +$286m +534,095 shares | Added |
Gilead Sciences, Inc. (GILD) COM · CUSIP 375558103 | 1.6% | $3.0bn | 23,677,567 | -$388m -573,259 shares | Trimmed |
Regeneron Pharmaceuticals, Inc. (REGN) COM · CUSIP 75886F107 | 1.6% | $3.0bn | 4,871,137 | -$407m +412,899 shares | Added |
The Cigna Group (CI) COM · CUSIP 125523100 | 1.8% | $3.4bn | 12,173,875 | +$274m +618,088 shares | Added |
TE Connectivity PLC (TEL) ORD SHS · CUSIP G87052109 | 1.8% | $3.4bn | 16,968,886 | +$351m +2,279,936 shares | Added |
Occidental Petroleum Corp. COM · CUSIP 674599105 | 1.9% | $3.5bn | 72,764,944 | -$1.3bn -1,320,628 shares | Trimmed |
Meta Platforms, Inc. (META) CL A · CUSIP 30303M102 | 1.9% | $3.7bn | 6,489,255 | +$787m +1,474,936 shares | Added |
UnitedHealth Group, Inc. (UNH) COM · CUSIP 91324P102 | 2.0% | $3.8bn | 9,072,258 | +$1.2bn -394,498 shares | Trimmed |
Alphabet, Inc. CAP STK CL A · CUSIP 02079K305 | 2.0% | $3.8bn | 10,658,860 | +$754m +34,445 shares | Added |
Amazon.com, Inc. (AMZN) COM · CUSIP 023135106 | 2.1% | $4.0bn | 16,708,513 | +$835m +1,598,614 shares | Added |
Sunbelt Rentals Holdings, Inc. (SUNB) SHS · CUSIP 866966104 | 2.1% | $4.1bn | 54,761,610 | +$640m +1,659,763 shares | Added |
MetLife, Inc. COM · CUSIP 59156R108 | 2.1% | $4.1bn | 48,431,150 | +$483m -2,683,626 shares | Trimmed |
Alphabet, Inc. CAP STK CL C · CUSIP 02079K107 | 2.2% | $4.2bn | 11,961,097 | +$718m -267,421 shares | Trimmed |
Humana, Inc. (HUM) COM · CUSIP 444859102 | 2.3% | $4.3bn | 10,940,380 | +$2.4bn -440,293 shares | Trimmed |
Booking Holdings, Inc. (BKNG) COM · CUSIP 09857L108 | 2.4% | $4.6bn | 25,536,950 | +$352m +24,539,452 shares | Added |
Microsoft Corp. (MSFT) COM · CUSIP 594918104 | 2.5% | $4.8bn | 12,836,229 | +$361m +876,294 shares | Added |
CVS Health Corp. (CVS) COM · CUSIP 126650100 | 2.7% | $5.2bn | 50,012,765 | +$1.5bn -1,767,351 shares | Trimmed |
RTX Corp. (RTX) COM · CUSIP 75513E101 | 3.5% | $6.7bn | 35,113,249 | -$181m -360,130 shares | Trimmed |
The Charles Schwab Corp. COM · CUSIP 808513105 | 3.7% | $7.1bn | 76,968,323 | +$53m +1,965,442 shares | Added |
Johnson Controls International PLC (JCI) SHS · CUSIP G51502105 | 4.3% | $8.1bn | 55,776,006 | +$619m -1,730,208 shares | Trimmed |
Every filing on file
| Quarter | Period end | Filed | Book | Positions | Top 10 | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | 30 Jun 2026 | 13 Aug 2026 | $191bn | 222 | 28% | 13F-HR |
| Q1 2026 | 31 Mar 2026 | 14 May 2026 | $182bn | 222 | 27% | 13F-HR |
| Q4 2025 | 31 Dec 2025 | 13 Feb 2026 | $185bn | 222 | 27% | 13F-HR |
| Q3 2025 | 30 Sept 2025 | 13 Nov 2025 | $185bn | 219 | 28% | 13F-HR |
| Q2 2025 | 30 Jun 2025 | 13 Aug 2025 | $178bn | 219 | 29% | 13F-HR |
| Q1 2025 | 31 Mar 2025 | 14 May 2025 | $175bn | 214 | 29% | 13F-HR |
| Q4 2024 | 31 Dec 2024 | 13 Feb 2025 | $172bn | 214 | 29% | 13F-HR |
| Q3 2024 | 30 Sept 2024 | 13 Nov 2024 | $177bn | 205 | 28% | 13F-HR |
Taking this into the room
Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.
A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.
What this filing leaves out
A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.
The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.
Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More