13F filing recap · Q1 2025
What did Dodge & Cox buy in Q1 2025?
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
$175.45B
Positions
214
Estimated turnover
8.5%
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.
Quarter in review
Dodge & Cox opened a new position in Millicom International Cellular and exited Brighthouse Financial, Noah Holdings, Occidental Petroleum, and US Bancorp. The firm substantially increased its stake in Sun Communities and Neurocrine Biosciences, and dramatically added to Fortive, Coupang, and LPL Financial. It trimmed T-Mobile US and Coherent substantially, while reducing Williams Companies, Wells Fargo, Bank of America, and Bristol-Myers Squibb.