13F filing recap · Q4 2023

What did Dodge & Cox buy in Q4 2023?

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

$157.55B

Positions

197

Estimated turnover

12.9%

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

IFFInternational Flavors & Fragrances Inc$1.25Breported value+15.44M shares AEGAegon Ltd.$719.86Mreported value+124.98M shares LBTYKLiberty Global Ltd.$163.79Mreported value+8.79M shares LBTYALiberty Global Ltd.$84.72Mreported value+4.77M shares AVGOBroadcom Inc.$62.23Mreported value+55.7K shares HDBHdfc Bank Limited$37.68Mreported value+561.5K shares TSMTaiwan Semiconductor Manufacturing$6.40Mreported value+61.5K shares IFSIntercorp Financial Services Inc.$592.9Kreported value+27.0K shares VLTOVeralto Corporation$278.2Kreported value+3.4K shares VZVerizon Communications Inc$207.3Kreported value+5.5K shares

Increased positions

SCHWSchwab Charles Corp$5.95Breported value+8.18M shares+10.5%JCIJohnson Controls International Plc$3.91Breported value+4.10M shares+6.4%RTXRtx Corporation$3.55Breported value+9.66M shares+29.7%CVSCVS Health Corp$2.40Breported value+3.69M shares

Reduced positions

WFCWells Fargo & Company/mn$5.77Breported value-881.0K shares-0.7%OXYOccidental Petroleum Corporation$4.84Breported value-9.46M shares-10.5%FISVFiserv Inc$4.63Breported value-181.9K shares-0.5%GOOGAlphabet Inc.$4.40Breported value-4.13M shares

Exited positions

VMWVmware, Inc.$3.29Bprior reported value-19.73M shares-100.0%AEGAegon Ltd.$602.57Mprior reported value-125.54M shares-100.0%LBTYKLiberty Global Ltd.$166.33Mprior reported value-8.96M shares-100.0%LBTYALiberty Global Ltd.$83.13Mprior reported value-4.86M shares