David Hoeft, Dodge & Cox Funds

Portfolio USD 190,859,486,000 across 218 positions as of 2026 Q2; history from 2024 Q1. Source: quarterly 13F filings via dataroma.com.

Positions, 2026 Q2

• JCI Johnson Controls Intl. plc: 4.3% of portfolio, USD 8,149,432,000, reduce -3.01%
• SCHW Charles Schwab Corp.: 3.7% of portfolio, USD 7,101,867,000, add +2.62%
• RTX RTX Corp.: 3.5% of portfolio, USD 6,662,037,000, reduce -1.02%
• CVS CVS Health Corp.: 2.7% of portfolio, USD 5,173,821,000, reduce -3.41%
• MSFT Microsoft Corp.: 2.5% of portfolio, USD 4,788,170,000, add +7.33%
• BKNG Booking Holdings Inc.: 2.4% of portfolio, USD 4,551,706,000, add +2.4%
• HUM Humana Inc.: 2.3% of portfolio, USD 4,345,738,000, reduce -3.87%
• GOOG Alphabet Inc. CL C: 2.2% of portfolio, USD 4,226,214,000, reduce -2.19%
• MET MetLife Inc.: 2.2% of portfolio, USD 4,097,760,000, reduce -5.25%
• SUNB Sunbelt Rentals Holdings Inc: 2.2% of portfolio, USD 4,096,716,000, add +3.13%
• AMZN Amazon.com Inc.: 2.1% of portfolio, USD 3,982,307,000, add +10.58%
• GOOGL Alphabet Inc.: 2.0% of portfolio, USD 3,809,157,000, add +0.32%
• UNH United Health Group Inc.: 2.0% of portfolio, USD 3,770,703,000, reduce -4.17%
• META Meta Platforms Inc.: 1.9% of portfolio, USD 3,655,332,000, add +29.41%
• OXY Occidental Petroleum: 1.9% of portfolio, USD 3,534,193,000, reduce -1.78%
• TEL TE Connectivity plc: 1.8% of portfolio, USD 3,421,097,000, add +15.52%
• CI Cigna Group: 1.8% of portfolio, USD 3,356,094,000, add +5.35%
• REGN Regeneron Pharmaceuticals: 1.6% of portfolio, USD 3,037,349,000, add +9.26%
• GILD Gilead Sciences: 1.6% of portfolio, USD 2,991,424,000, reduce -2.36%
• IFF International Flavors & Fragrances Inc.: 1.5% of portfolio, USD 2,931,697,000, add +1.46%
• AON Aon Plc: 1.5% of portfolio, USD 2,850,260,000, add +5.88%
• CMCSA Comcast Corp.: 1.5% of portfolio, USD 2,845,422,000, add +2.47%
• APD Air Products & Chemicals: 1.4% of portfolio, USD 2,753,984,000, add +1.75%
• FTV Fortive Corp.: 1.4% of portfolio, USD 2,686,724,000, add +1.91%
• BN Brookfield Corp.: 1.4% of portfolio, USD 2,606,962,000, add +3.42%
• WFC Wells Fargo: 1.4% of portfolio, USD 2,588,952,000, add +0.51%
• GSK GSK plc: 1.3% of portfolio, USD 2,526,514,000, reduce -17.84%
• FISV Fiserv Inc.: 1.3% of portfolio, USD 2,462,062,000, reduce -0.13%
• BUD Anheuser-Busch InBev: 1.3% of portfolio, USD 2,428,933,000, reduce -0.7%
• GEHC GE HealthCare Technologies Inc.: 1.3% of portfolio, USD 2,423,685,000, add +20.93%
• BNY Bank of New York Mellon Corp.: 1.3% of portfolio, USD 2,401,736,000, reduce -29.03%
• ROP Roper Technologies Inc.: 1.3% of portfolio, USD 2,389,231,000, add +111.16%
• FDX FedEx Corp.: 1.2% of portfolio, USD 2,264,953,000, reduce -27.55%
• SBAC SBA Communications Corp.: 1.1% of portfolio, USD 2,174,561,000, add +2.01%
• AJG Arthur J. Gallagher & Co.: 1.1% of portfolio, USD 2,149,609,000, add +27.31%
• CHTR Charter Communications: 1.1% of portfolio, USD 2,137,731,000, add +2.77%
• WTW Willis Towers Watson plc: 1.1% of portfolio, USD 2,097,597,000, add +9.45%
• ZBH Zimmer Biomet Holdings: 1.1% of portfolio, USD 2,076,898,000, add +2.47%
• CARR Carrier Global Corp.: 1.1% of portfolio, USD 2,015,335,000, add +3.21%
• BKR Baker Hughes Co.: 1.0% of portfolio, USD 1,934,424,000, reduce -2.84%
• FIS Fidelity National Information Services: 1.0% of portfolio, USD 1,907,806,000, reduce -0.01%
• V Visa Inc.: 1.0% of portfolio, USD 1,858,630,000, add +630554.95%
• COF Capital One Financial: 1.0% of portfolio, USD 1,829,238,000, add +3.91%
• TRU TransUnion: 0.9% of portfolio, USD 1,745,515,000, add +49.46%
• UBS UBS AG: 0.9% of portfolio, USD 1,666,002,000, reduce -0.04%
• ELAN Elanco Animal Health Inc.: 0.9% of portfolio, USD 1,658,641,000, reduce -2.24%
• TMO Thermo Fisher Scientific: 0.8% of portfolio, USD 1,531,543,000, add +11767.36%
• HLN Haleon Plc ADR: 0.7% of portfolio, USD 1,398,889,000, add +2.32%
• SU Suncor Energy Inc.: 0.7% of portfolio, USD 1,361,677,000, reduce -3.41%
• INCY Incyte Corp.: 0.7% of portfolio, USD 1,355,482,000, reduce -2.41%
• LPLA LPL Financial Holdings Inc.: 0.7% of portfolio, USD 1,289,722,000, add +10.42%
• CPNG Coupang Inc.: 0.7% of portfolio, USD 1,254,014,000, add +0.26%
• D Dominion Energy Inc.: 0.7% of portfolio, USD 1,249,944,000, reduce -6.03%
• BAX Baxter International Inc.: 0.7% of portfolio, USD 1,244,797,000, add +1.98%
• SNY Sanofi Aventis: 0.6% of portfolio, USD 1,198,246,000, reduce -4.8%
• AVTR Avantor Inc.: 0.6% of portfolio, USD 1,188,208,000, add +0.31%
• AEP American Electric Power: 0.6% of portfolio, USD 1,186,739,000, reduce -0.75%
• SUI Sun Communities Inc.: 0.6% of portfolio, USD 1,139,239,000, reduce -33.4%
• FDXF FedEx Freight Holding Co.: 0.6% of portfolio, USD 1,084,598,000, new
• ADM Archer-Daniels-Midland: 0.6% of portfolio, USD 1,083,530,000, reduce -9.99%
• TDY Teledyne Technologies: 0.6% of portfolio, USD 1,075,601,000, add +0.53%
• TMUS T-Mobile US Inc.: 0.6% of portfolio, USD 1,062,701,000, add +2.89%
• RAL Ralliant Corp.: 0.5% of portfolio, USD 1,031,203,000, add +1.87%
• BAP Credicorp Ltd.: 0.5% of portfolio, USD 1,018,485,000, reduce -23.34%
• NVO Novo Nordisk A S: 0.5% of portfolio, USD 977,837,000, add +5.5%
• COP ConocoPhillips: 0.5% of portfolio, USD 963,323,000, reduce -3.94%
• CX Cemex: 0.5% of portfolio, USD 962,252,000, reduce -5.92%
• BABA Alibaba Group Holdings: 0.5% of portfolio, USD 955,766,000, add +0.41%
• NBIX Neurocrine Biosciences Inc.: 0.5% of portfolio, USD 941,219,000, add +2.26%
• HPQ HP Inc.: 0.5% of portfolio, USD 935,255,000, add +2.49%
• BMRN BioMarin Pharmaceutical Inc.: 0.5% of portfolio, USD 849,427,000, add +1.94%
• FCNCA First Citizens Bancshares: 0.4% of portfolio, USD 841,087,000, add +2.83%
• NSC Norfolk Southern Corp.: 0.4% of portfolio, USD 789,032,000, reduce -59.92%
• TIGO Millicom Intl Cellular S.a.: 0.4% of portfolio, USD 745,914,000, add +0.69%
• TAP Molson Coors Beverage Co.: 0.4% of portfolio, USD 742,789,000, add +2.93%
• KKR KKR & Co. L.P.: 0.4% of portfolio, USD 739,794,000, new
• CE Celanese Corp.: 0.4% of portfolio, USD 702,983,000, reduce -0.41%
• LIN Linde plc: 0.4% of portfolio, USD 688,421,000, hold
• TSM Taiwan Semiconductor S.A.: 0.4% of portfolio, USD 688,067,000, add +1236.52%
• ADBE Adobe Inc.: 0.3% of portfolio, USD 638,623,000, add +24.82%
• MDT Medtronic plc: 0.3% of portfolio, USD 616,132,000, add +2.36%
• GLPI Gaming and Leisure Properties Inc.: 0.3% of portfolio, USD 613,318,000, add +2.34%
• ALNY Alnylam Pharmaceuticals: 0.3% of portfolio, USD 588,632,000, add +1.35%
• FOXA Fox Corporation: 0.3% of portfolio, USD 585,397,000, add +2.99%
• CTSH Cognizant Technology Solutions: 0.3% of portfolio, USD 563,231,000, add +1.89%
• XP XP Inc.: 0.3% of portfolio, USD 529,496,000, reduce -0.5%
• MCHP Microchip Technology: 0.3% of portfolio, USD 504,642,000, reduce -9.73%
• AEG Aegon Ltd: 0.2% of portfolio, USD 376,721,000, reduce -11.71%
• VFC V.F. Corp.: 0.2% of portfolio, USD 373,735,000, reduce -32.15%
• PDD Pinduoduo Inc.: 0.2% of portfolio, USD 347,074,000, add +0.27%
• BNTX Biontech Se ADR: 0.2% of portfolio, USD 342,200,000, add +0.02%
• YUMC Yum China Holdings Inc.: 0.2% of portfolio, USD 341,901,000, add +0.17%
• FOX Fox Corporation CL B: 0.2% of portfolio, USD 340,344,000, add +1.21%
• TRP TC Energy: 0.2% of portfolio, USD 333,757,000, reduce -43.38%
• NWSA News Corp.: 0.2% of portfolio, USD 311,323,000, add +2.3%
• JD JD.com Inc.: 0.2% of portfolio, USD 310,720,000, hold
• NTES NetEase.com Inc.: 0.2% of portfolio, USD 277,100,000, add +0.25%
• GE GE Aerospace: 0.1% of portfolio, USD 223,510,000, reduce -18.96%
• COHR Coherent Corp.: 0.1% of portfolio, USD 214,655,000, reduce -2.64%
• HDB HDFC Bank Ltd.: 0.1% of portfolio, USD 172,511,000, add +17.41%
• VSNT Versant Media Group Inc.: 0.1% of portfolio, USD 161,050,000, reduce -0.86%
• GEV Ge Vernova Inc: 0.1% of portfolio, USD 144,356,000, reduce -4.89%
• GS Goldman Sachs Group: 0.1% of portfolio, USD 135,656,000, reduce -90.28%
• NVS Novartis AG: 0.1% of portfolio, USD 119,009,000, reduce -89.1%
• BAC Bank of America Corp.: 0.1% of portfolio, USD 99,257,000, reduce -4.26%
• AXP American Express: 0.1% of portfolio, USD 91,760,000, reduce -2.24%
• FMS Fresenius Medical Care AG & Co KCaG: 0.1% of portfolio, USD 86,526,000, hold
• CDNS Cadence Design Systems: <0.1% of portfolio, USD 85,577,000, reduce -1.25%
• UNP Union Pacific: <0.1% of portfolio, USD 70,965,000, reduce -0.02%
• WMB Williams Cos.: <0.1% of portfolio, USD 70,210,000, reduce -2.27%
• FLUT Flutter Entertainment Plc: <0.1% of portfolio, USD 64,252,000, hold
• LLY Eli Lilly & Co.: <0.1% of portfolio, USD 49,486,000, reduce -1.79%
• DHR Danaher Corp.: <0.1% of portfolio, USD 48,961,000, add +1462.55%
• NESR National Energy Services Reunited Corp.: <0.1% of portfolio, USD 47,768,000, reduce -0.25%
• CAT Caterpillar Inc.: <0.1% of portfolio, USD 41,961,000, reduce -1.48%
• JPM JPMorgan Chase & Co.: <0.1% of portfolio, USD 38,340,000, reduce -1.12%
• CVX Chevron Corp.: <0.1% of portfolio, USD 33,567,000, reduce -1.27%
• TRV Travelers Companies Inc.: <0.1% of portfolio, USD 29,750,000, reduce -2.86%
• LBTYA Liberty Global Ltd CL A: <0.1% of portfolio, USD 26,891,000, add +14.24%
• DIS Walt Disney Co.: <0.1% of portfolio, USD 25,122,000, reduce -2.2%
• KSPI Jsc Kaspi.kz ADR: <0.1% of portfolio, USD 21,905,000, add +20.26%
• WMT Walmart Inc.: <0.1% of portfolio, USD 19,530,000, reduce -1.08%
• MRK Merck & Co.: <0.1% of portfolio, USD 17,444,000, reduce -0.22%
• ACMR ACM Research Inc.: <0.1% of portfolio, USD 14,769,000, reduce -2.92%
• PG Procter & Gamble: <0.1% of portfolio, USD 13,301,000, reduce -0.06%
• IBM International Business Machines: <0.1% of portfolio, USD 12,934,000, reduce -1.27%
• TGT Target Corp.: <0.1% of portfolio, USD 12,491,000, reduce -1.06%
• AZN AstraZeneca PLC: <0.1% of portfolio, USD 10,609,000, reduce -2.65%
• CSCO Cisco Systems: <0.1% of portfolio, USD 10,385,000, reduce -15.9%
• XOM ExxonMobil Holdings Corp.: <0.1% of portfolio, USD 10,098,000, hold
• AAPL Apple Inc.: 0.0% of portfolio, USD 9,081,000, reduce -0.71%
• GLW Corning Inc.: 0.0% of portfolio, USD 8,854,000, reduce -4.57%
• DE Deere & Co.: 0.0% of portfolio, USD 8,009,000, hold
• HD Home Depot: 0.0% of portfolio, USD 7,894,000, reduce -0.29%
• ADI Analog Devices: 0.0% of portfolio, USD 7,630,000, reduce -4.05%
• DELL Dell Technologies Inc.: 0.0% of portfolio, USD 7,443,000, reduce -8.73%
• AVGO Broadcom Inc.: 0.0% of portfolio, USD 7,287,000, hold
• VMC Vulcan Materials: 0.0% of portfolio, USD 7,080,000, hold
• BRK.B Berkshire Hathaway CL B: 0.0% of portfolio, USD 5,724,000, hold
• STT State Street Corp.: 0.0% of portfolio, USD 5,651,920, reduce -99.05%
• JNJ Johnson & Johnson: 0.0% of portfolio, USD 5,320,000, hold
• AMGN Amgen: 0.0% of portfolio, USD 4,641,000, reduce -4.11%
• SLB Schlumberger Ltd.: 0.0% of portfolio, USD 4,575,732, reduce -10.38%
• MSI Motorola Solutions Inc.: 0.0% of portfolio, USD 4,513,000, reduce -3.46%
• SNPS Synopsys Inc.: 0.0% of portfolio, USD 4,505,004, reduce -0.98%
• SHEL Shell plc: 0.0% of portfolio, USD 4,208,018, reduce -1.32%
• TBBB Bbb Foods Inc Class A: 0.0% of portfolio, USD 3,778,562, hold
• BSX Boston Scientific: 0.0% of portfolio, USD 3,734,000, reduce -1.58%
• KARO Karooooo Ltd: 0.0% of portfolio, USD 3,442,000, add +65.11%
• PNC PNC Financial Services: 0.0% of portfolio, USD 3,436,952, reduce -0.29%
• MELI Mercadolibre Inc.: 0.0% of portfolio, USD 3,373,000, hold
• BRK.A Berkshire Hathaway CL A: 0.0% of portfolio, USD 2,995,000, hold
• PM Philip Morris Intl.: 0.0% of portfolio, USD 2,985,000, hold
• BIDU Baidu Inc.: 0.0% of portfolio, USD 2,972,000, reduce -5.45%
• HPE Hewlett Packard Enterprise: 0.0% of portfolio, USD 2,862,000, reduce -17.33%
• JOYY JOYY Inc.: 0.0% of portfolio, USD 2,706,000, reduce -2.38%
• ABBV AbbVie Inc.: 0.0% of portfolio, USD 2,615,000, hold
• VIPS Vipshop Holdings Ltd: 0.0% of portfolio, USD 2,529,968, hold
• PH Parker-Hannifin: 0.0% of portfolio, USD 2,445,000, hold
• BMY Bristol-Myers Squibb: 0.0% of portfolio, USD 2,441,000, reduce -99.08%
• SE Sea Ltd: 0.0% of portfolio, USD 2,199,069, new
• SPGI S&P Global Inc.: 0.0% of portfolio, USD 2,118,012, reduce -3.7%
• PFE Pfizer Inc.: 0.0% of portfolio, USD 2,115,000, reduce -0.85%
• NEE NextEra Energy Inc.: 0.0% of portfolio, USD 2,019,000, reduce -2.54%
• TCOM Trip.com Group Ltd: 0.0% of portfolio, USD 1,962,120, hold
• KO Coca Cola Co.: 0.0% of portfolio, USD 1,950,000, hold
• MCD McDonald's Corp.: 0.0% of portfolio, USD 1,737,000, hold
• CTVA Corteva Inc.: 0.0% of portfolio, USD 1,711,000, reduce -0.65%
• ABT Abbott Labs: 0.0% of portfolio, USD 1,572,000, hold
• ZH Zhihu Inc ADR: 0.0% of portfolio, USD 1,568,418, add +4.16%
• MO Altria Group Inc.: 0.0% of portfolio, USD 1,475,000, hold
• ATAT Atour Lifestyle Holdings ADR: 0.0% of portfolio, USD 1,452,000, add +62.16%
• NUE Nucor Corp.: 0.0% of portfolio, USD 1,381,000, hold
• LVS Las Vegas Sands Corp.: 0.0% of portfolio, USD 1,302,000, hold
• CL Colgate-Palmolive: 0.0% of portfolio, USD 1,284,000, hold
• PAX Patria Investments Ltd A: 0.0% of portfolio, USD 1,270,000, add +119.96%
• MMM 3M Co.: 0.0% of portfolio, USD 1,224,000, reduce -1.54%
• CPA Copa Holdings SA: 0.0% of portfolio, USD 1,128,000, add +20.83%
• Q Qnity Electronics Inc.: 0.0% of portfolio, USD 1,039,994, reduce -5.32%
• IFS Intercorp Financial Services: 0.0% of portfolio, USD 991,000, hold
• LAUR Laureate Education Inc.: 0.0% of portfolio, USD 988,000, add +25.35%
• TFC Truist Financial Corp.: 0.0% of portfolio, USD 953,911, hold
• ARCO Arcos Dorados Holdings Inc.: 0.0% of portfolio, USD 911,000, hold
• HON Honeywell Int'l Inc.: 0.0% of portfolio, USD 898,000, reduce -49.99%
• DEO Diageo ADR: 0.0% of portfolio, USD 890,000, hold
• HONA Honeywell Aerospace Inc: 0.0% of portfolio, USD 886,000, new
• GPRK Geopark Ltd: 0.0% of portfolio, USD 847,000, hold
• ASR Grupo Aeroportuario Sure SA de CV: 0.0% of portfolio, USD 807,000, add +110.4%
• DLO DLocal Ltd: 0.0% of portfolio, USD 799,000, add +37.58%
• JBS Jbs Nv A: 0.0% of portfolio, USD 797,000, add +50.28%
• ABEV Ambev S.A.: 0.0% of portfolio, USD 793,000, reduce -17.5%
• AFYA Afya Ltd: 0.0% of portfolio, USD 761,000, hold
• AMP Ameriprise Financial Inc.: 0.0% of portfolio, USD 688,000, hold
• MDLZ Mondelez International: 0.0% of portfolio, USD 685,000, hold
• BLK BlackRock Inc.: 0.0% of portfolio, USD 684,000, hold
• NVDA NVIDIA Corp.: 0.0% of portfolio, USD 680,000, hold
• DD DuPont de Nemours Inc.: 0.0% of portfolio, USD 638,000, reduce -3.82%
• APA APA Corp.: 0.0% of portfolio, USD 635,000, reduce -9.3%
• ALL Allstate Corp.: 0.0% of portfolio, USD 617,000, hold
• MCO Moody's Corp.: 0.0% of portfolio, USD 549,000, hold
• GPC Genuine Parts: 0.0% of portfolio, USD 525,000, reduce -4.3%
• ELV Elevance Health Inc.: 0.0% of portfolio, USD 503,000, hold
• PBR Petroleo Brasileiro: 0.0% of portfolio, USD 485,000, reduce -3.85%
• PEP PepsiCo Inc.: 0.0% of portfolio, USD 416,000, hold
• LMT Lockheed Martin Corp.: 0.0% of portfolio, USD 395,000, hold
• FUTU Futu Holdings Ltd: 0.0% of portfolio, USD 394,000, new
• GIS General Mills: 0.0% of portfolio, USD 390,000, hold
• OTIS Otis Worldwide Corp.: 0.0% of portfolio, USD 373,000, reduce -13.31%
• UL Unilever PLC: 0.0% of portfolio, USD 314,999, hold
• CTAS Cintas Corp.: 0.0% of portfolio, USD 306,000, hold
• MGM MGM Resorts International: 0.0% of portfolio, USD 287,000, reduce -7.69%
• RIO Rio Tinto plc: 0.0% of portfolio, USD 285,000, hold
• LYV Live Nation Inc.: 0.0% of portfolio, USD 275,000, hold
• DOW Dow Inc.: 0.0% of portfolio, USD 249,000, reduce -6.17%
• CB Chubb Limited: 0.0% of portfolio, USD 246,000, hold
• VZ Verizon Communications: 0.0% of portfolio, USD 232,980, hold
• VOO Vanguard S&P 500 ETF: 0.0% of portfolio, USD 206,001, new
• AMG Affiliated Managers Group: 0.0% of portfolio, USD 203,000, new

Portfolio value, all published quarters

• 2024 Q1: USD 172,410,622,837
• 2024 Q2: USD 166,684,111,025
• 2024 Q3: USD 176,906,101,417
• 2024 Q4: USD 171,868,359,916
• 2025 Q1: USD 175,582,039,814
• 2025 Q2: USD 177,960,892,982
• 2025 Q3: USD 185,271,413,112
• 2025 Q4: USD 185,229,362,867
• 2026 Q1: USD 181,924,021,257
• 2026 Q2: USD 190,859,486,000