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Livermore
Livermore
ZHEN

Dodge & Cox

SEC CIK
0000200217
Latest filing
Aug 13, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 13, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
219
0 vs. Q2 2025
Portfolio value
$185.3B
+$7.36B (+4.1%) vs. Q2 2025
Filed
Nov 13, 2025
SEC
Holdings of Dodge & Cox in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
WMTWalmart Inc.Stock180,835$18.6M<0.1%+1,750+1.0%AddedHistory
CATCaterpillar IncStock40,794$19.5M<0.1%−1,127−2.7%ReducedHistory
NESRNational Energy Services Reunited Corp.SHS2,255,894$23.1M<0.1%+119,100+5.6%AddedHistory
TRVTravelers Companies, Inc.Stock100,965$28.2M<0.1%−2,961−2.8%ReducedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR107,800$30.1M<0.1%00.0%UnchangedHistory
DISWalt Disney CoStock288,127$33.0M<0.1%−3,976−1.4%ReducedHistory
LLYEli Lilly & CoStock43,384$33.1M<0.1%−1,573−3.5%ReducedHistory
CVXChevron CorpStock223,271$34.7M<0.1%+41,414+22.8%AddedHistory
LBTYALiberty Global Ltd.COM CL A4,767,561$54.6M<0.1%00.0%UnchangedHistory
IEXIdex CorpCOM344,342$56.0M<0.1%+344,342NewHistory
JPMJPMorgan Chase & CoStock194,655$61.4M<0.1%−73,028−27.3%ReducedHistory
UNPUnion Pacific CorpStock272,881$64.5M<0.1%−2,560−0.9%ReducedHistory
WMBWilliams Companies, Inc.COM1,115,522$70.7M<0.1%−19,025−1.7%ReducedHistory
LBTYKLiberty Global Ltd.COM CL C6,682,068$78.5M<0.1%00.0%UnchangedHistory
COHRCoherent Corp.COM744,879$80.2M<0.1%−986,716−57.0%ReducedHistory
CDNSCadence Design Systems IncStock240,525$84.5M<0.1%−5,947−2.4%ReducedHistory
GEVGE Vernova Inc.Stock153,740$94.5M0.1%−8,481−5.2%ReducedHistory
FMSFresenius Medical Care AGSPONSORED ADR3,826,910$100.8M0.1%00.0%UnchangedHistory
AXPAmerican Express CoStock345,492$114.8M0.1%−12,922−3.6%ReducedHistory
GAPGap IncCOM5,429,526$116.1M0.1%−9,800−0.2%ReducedHistory
ITUBItau Unibanco Holding S.A.SPON ADR REP PFD18,622,215$136.7M0.1%+946,400+5.4%AddedHistory
FLUTFlutter Entertainment plcSHS628,878$159.7M0.1%00.0%UnchangedHistory
TVGrupo Televisa, S.A.B.SPON ADR REP ORD64,208,690$172.7M0.1%00.0%UnchangedHistory
HDBHDFC Bank LtdSPONSORED ADS6,214,800$212.3M0.1%+250,000+4.2%AddedConverted for a 2-for-1 splitHistory
AMRZAmrize LtdSHS5,786,541$280.4M0.2%−6,684,165−53.6%ReducedHistory
BMYBristol Myers Squibb CoStock7,423,820$334.8M0.2%−1,012,939−12.0%ReducedHistory
TECKTeck Resources LtdCL B7,871,440$345.5M0.2%−596,100−7.0%ReducedHistory
NTESNetEase, Inc.SPONSORED ADS2,292,576$348.4M0.2%−453,200−16.5%ReducedHistory
BNTXBioNTech SESPONSORED ADS3,647,091$359.7M0.2%+2,769,654+315.7%AddedHistory
YUMCYum China Holdings, Inc.COM8,520,862$365.7M0.2%+4,400+0.1%AddedHistory
NWSANews CorpCL A12,476,445$383.2M0.2%−539,775−4.1%ReducedHistory
MCHPMicrochip Technology IncStock6,211,864$398.9M0.2%−127,936−2.0%ReducedHistory
TIGOMillicom International Cellular SACOM STK8,448,632$410.1M0.2%−387,500−4.4%ReducedHistory
FOXFox CorpCL B COM7,285,191$417.4M0.2%−23,625−0.3%ReducedHistory
RALRalliant CorpStock10,780,303$471.4M0.3%−17,203−0.2%ReducedHistory
TRPTC Energy CorpCOM9,645,800$524.8M0.3%00.0%UnchangedHistory
ADBEAdobe Inc.Stock1,593,506$562.1M0.3%+1,573,849+8,006.6%AddedHistory
BIDUBaidu, Inc.ADR4,404,415$580.4M0.3%−1,023,300−18.9%ReducedHistory
VFCV F CorpStock40,977,400$591.3M0.3%+23,300+0.1%AddedHistory
LINLinde PLCStock1,329,590$631.6M0.3%00.0%UnchangedHistory
GLPIGaming & Leisure Properties, Inc.COM13,582,857$633.1M0.3%−35,500−0.3%ReducedHistory
CECelanese CorpStock15,361,604$646.4M0.3%+36,937+0.2%AddedHistory
XPXP Inc.CL A34,478,145$647.8M0.3%+169,700+0.5%AddedHistory
JDJD.com, Inc.SPON ADS CL A18,792,249$657.4M0.4%+86,300+0.5%AddedHistory
AEGAegon Ltd.AMER REG 1 CERT85,783,505$685.4M0.4%−2,953,585−3.3%ReducedHistory
MDTMedtronic plcStock7,725,071$735.7M0.4%−15,312−0.2%ReducedHistory
NBIXNeurocrine Biosciences IncStock5,556,618$780.0M0.4%−10,196−0.2%ReducedHistory
STTState Street CorpCOM6,795,174$788.3M0.4%−617,240−8.3%ReducedHistory
BACBank of America CorpStock15,347,021$791.8M0.4%−2,513,481−14.1%ReducedHistory
BMRNBiomarin Pharmaceutical IncCOM14,686,801$795.4M0.4%−421,509−2.8%ReducedHistory
CARRCarrier Global CorpStock13,427,697$801.6M0.4%+651,648+5.1%AddedHistory
FOXAFox CorpCL A COM13,151,969$829.4M0.4%−865,978−6.2%ReducedHistory
LYBLyondellBasell Industries N.V.SHS - A -16,969,062$832.2M0.4%−9350.0%ReducedHistory
TAPMolson Coors Beverage CoCL B18,631,224$843.1M0.5%+4,235,029+29.4%AddedHistory
CXCemex SAB de CVSPON ADR NEW96,734,370$869.6M0.5%+1,710,535+1.8%AddedHistory
TMUST-Mobile US, Inc.Stock3,743,522$896.1M0.5%−356,757−8.7%ReducedHistory
ADMArcher-Daniels-Midland CoStock15,068,544$900.2M0.5%+8,518,920+130.1%AddedHistory
ECHOEchoStar CORPCL A11,791,127$900.4M0.5%−1,607,143−12.0%ReducedHistory
HPQHP IncStock34,683,331$944.4M0.5%−260,167−0.7%ReducedHistory
COPConocoPhillipsStock10,327,000$976.8M0.5%−908,453−8.1%ReducedHistory
TDYTeledyne Technologies IncCOM1,680,962$985.1M0.5%+183,222+12.2%AddedHistory
ALNYAlnylam Pharmaceuticals, Inc.COM2,321,230$1.06B0.6%−875,866−27.4%ReducedHistory
AEPAmerican Electric Power Co IncStock9,523,516$1.07B0.6%−48,887−0.5%ReducedHistory
CTSHCognizant Technology Solutions CorpCL A16,201,642$1.09B0.6%−65,660−0.4%ReducedHistory
LPLALPL Financial Holdings Inc.COM3,329,255$1.11B0.6%+627,546+23.2%AddedHistory
SUSuncor Energy IncStock27,471,954$1.15B0.6%+70,300+0.3%AddedHistory
INCYIncyte CorpCOM13,932,416$1.18B0.6%−662,765−4.5%ReducedHistory
AONAon plcCL A3,464,683$1.24B0.7%+3,464,683NewHistory
WTWWillis Towers Watson PLCSHS3,632,191$1.25B0.7%+2,353,768+184.1%AddedHistory
BAPCredicorp LtdCOM4,899,715$1.30B0.7%−247,665−4.8%ReducedHistory
BAXBaxter International IncStock57,396,370$1.31B0.7%+5,274,750+10.1%AddedHistory
NVSNovartis AGADR10,585,145$1.36B0.7%−62,484−0.6%ReducedHistory
HLNHaleon plcADR154,384,622$1.38B0.7%−1,087,377−0.7%ReducedHistory
DDominion Energy, IncStock22,780,033$1.39B0.8%−145,215−0.6%ReducedHistory
AVTRAvantor, Inc.COM117,746,888$1.47B0.8%+313,404+0.3%AddedHistory
CPNGCoupang, Inc.CL A46,947,720$1.51B0.8%+333,200+0.7%AddedHistory
ELANElanco Animal Health IncCOM82,759,837$1.67B0.9%−135,395−0.2%ReducedHistory
UBSUBS Group AGStock42,641,442$1.75B0.9%−2,994,500−6.6%ReducedHistory
GSGoldman Sachs Group IncStock2,208,625$1.76B0.9%−1,097,949−33.2%ReducedHistory
SUISun Communities IncCOM14,480,815$1.87B1.0%+282,055+2.0%AddedHistory
SBACSba Communications CorpCL A9,667,297$1.87B1.0%+1,058,803+12.3%AddedHistory
GEGeneral Electric CoStock6,271,622$1.89B1.0%−2,794,189−30.8%ReducedHistory
BABAAlibaba Group Holding LtdADR10,975,370$1.96B1.1%+11,100+0.1%AddedHistory
GEHCGE HealthCare Technologies Inc.Stock27,517,311$2.07B1.1%+3,949,361+16.8%AddedHistory
FTVFortive CorpStock42,595,794$2.09B1.1%+9,422,189+28.4%AddedHistory
BKRBaker Hughes CoCL A44,053,488$2.15B1.2%−529,325−1.2%ReducedHistory
BUDAnheuser-Busch InBev SA/NVADR36,546,221$2.18B1.2%−1,931,321−5.0%ReducedHistory
IFFInternational Flavors & Fragrances IncCOM36,972,638$2.28B1.2%+1,925,251+5.5%AddedHistory
ZBHZimmer Biomet Holdings, Inc.Stock23,216,173$2.29B1.2%+1,118,710+5.1%AddedHistory
APDAir Products & Chemicals, Inc.Stock9,004,892$2.46B1.3%+183,492+2.1%AddedHistory
REGNRegeneron Pharmaceuticals, Inc.COM4,550,845$2.56B1.4%+724,562+18.9%AddedHistory
COFCapital One Financial CorpStock12,107,917$2.57B1.4%−748,539−5.8%ReducedHistory
CICigna GroupStock9,305,225$2.68B1.4%+354,615+4.0%AddedHistory
GOOGLAlphabet Inc.Stock11,338,777$2.76B1.5%+63,559+0.6%AddedHistory
FISFidelity National Information Services, Inc.Stock43,105,207$2.84B1.5%+7,830,710+22.2%AddedHistory
METAMeta Platforms, Inc.Stock3,963,207$2.91B1.6%−200,046−4.8%ReducedHistory
HUMHumana IncStock11,338,186$2.95B1.6%−14,734−0.1%ReducedHistory
CHTRCharter Communications, Inc.CL A11,807,549$3.25B1.8%+681,063+6.1%AddedHistory
SNYSanofiSPONSORED ADR68,931,747$3.25B1.8%−2,786,568−3.9%ReducedHistory
WFCWells Fargo & CompanyStock38,887,925$3.26B1.8%−11,857,936−23.4%ReducedHistory

Sold out since Q2 2025 (6)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Dodge & Cox sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
NTRNutrien Ltd.COM10,076,659$586.9M0.3%History
SNNRFSunrise Communications AGADS CL A2,289,925$129.5M0.1%History
HESHess CorpStock44,525$6.17M<0.1%History
JNPRJuniper Networks IncCOM66,959$2.67M<0.1%History
HMCHonda Motor Co LtdADR ECH CNV IN 378,950$2.28M<0.1%History
RIORio Tinto PLCADR4,000$233.3K<0.1%History