13F filing recap · Q4 2018

What did Dodge & Cox buy in Q4 2018?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Dodge & Cox account, including accounts that belong to no fund below.

Stock value

$109.15B

Positions

181

Estimated turnover

22.4%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

CIThe Cigna Group$2.51Breported value+13.23M shares LINLinde Plc$1.29Breported value+8.10M shares DELLDell Technologies Inc.$473.80Mreported value+9.70M shares BABAAlibaba Group Holding Limited$338.81Mreported value+2.47M shares GAPGap, Inc$323.75Mreported value+12.57M shares INCYIncyte Corporation$269.63Mreported value+4.24M shares

Increased positions

WFCWells Fargo & Company/mn$3.70Breported value+374.7K shares+0.5%SCHWSchwab Charles Corp$3.16Breported value+8.3K shares+0.0%JCIJohnson Controls International Plc$3.15Breported value+6.81M shares+6.8%BACBank of America Corp$2.81Breported value+620.1K shares

Reduced positions

CMCSAComcast Corporation$4.34Breported value-4.97M shares-3.8%CHTRCharter Communications, Inc.$3.33Breported value-243.4K shares-2.0%MSFTMicrosoft Corporation$3.25Breported value-4.42M shares-12.1%NVSNovartis AG$3.16Breported value-7.56M shares

Exited positions

ESRXExpress Scripts Holding Co$3.79Bprior reported value-39.94M shares-100.0%CIThe Cigna Group$1.85Bprior reported value-8.90M shares-100.0%DVMTDell Technologies Inc.$1.55Bprior reported value-16.01M shares-100.0%LILAKLiberty Latin America Ltd.$137.06Mprior reported value-6.64M shares