1y return+7.7%S&P 500 +20.9%
3y return+39.3%S&P 500 +68.5%
5y return+38.6%S&P 500 +74.5%
10y return+170.2%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $270 against $357 in the S&P 500.2
Dodge & CoxS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| Johnson Controls International PLCCUSIP G51502105 | $8.1B | 4.3% | −3.0% |
| SCHWThe Charles Schwab Corp. | $7.1B | 3.7% | +2.6% |
| RTXRTX Corp. | $6.7B | 3.5% | −1.0% |
| CVSCVS Health Corp. | $5.2B | 2.7% | −3.4% |
| MSFTMicrosoft Corp. | $4.8B | 2.5% | +7.3% |
| BKNGBooking Holdings, Inc. | $4.6B | 2.4% | +2.4% |
| HUMHumana, Inc. | $4.3B | 2.3% | −3.9% |
| GOOGAlphabet, Inc. | $4.2B | 2.2% | −2.2% |
| METMetLife, Inc. | $4.1B | 2.1% | −5.3% |
| SUNBSunbelt Rentals Holdings, Inc. | $4.1B | 2.1% | +3.1% |
| AMZNAmazon.com, Inc. | $4.0B | 2.1% | +10.6% |
| GOOGLAlphabet, Inc. | $3.8B | 2.0% | |
| UNHUnitedHealth Group, Inc. | $3.8B | 2.0% | −4.2% |
| METAMeta Platforms, Inc. | $3.7B | 1.9% | +29.4% |
| OXYOccidental Petroleum Corp. | $3.5B | 1.9% | −1.8% |
| TE Connectivity PLCCUSIP G87052109 | $3.4B | 1.8% | +15.5% |
| CIThe Cigna Group | $3.4B | 1.8% | +5.3% |
| REGNRegeneron Pharmaceuticals, Inc. | $3.0B | 1.6% | +9.3% |
| GILDGilead Sciences, Inc. | $3.0B | 1.6% | −2.4% |
| IFFInternational Flavors & Fragrances, Inc. | $2.9B | 1.5% | +1.5% |
| Aon PLCCUSIP G0403H108 | $2.9B | 1.5% | +5.9% |
| CMCSAComcast Corp. | $2.8B | 1.5% | +2.5% |
| APDAir Products & Chemicals, Inc. | $2.8B | 1.4% | +1.8% |
| FTVFortive Corp. | $2.7B | 1.4% | +1.9% |
| BNBrookfield Corp. | $2.6B | 1.4% | +3.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GOOGLAlphabet, Inc. | June 30, 2020 | +404.0% | $3.8B |
| GOOGAlphabet, Inc. | June 30, 2020 | +399.9% | $4.2B |
| Johnson Controls International PLCCUSIP G51502105 | June 30, 2020 | +328.0% | $8.1B |
| BNYThe Bank of New York Mellon Corp. | June 30, 2020 | +274.1% | $2.4B |
| BKRBaker Hughes Co. | June 30, 2020 | +260.6% | $1.9B |
| CARRCarrier Global Corp. | June 30, 2020 | +230.1% | $2.0B |
| WFCWells Fargo & Co. | June 30, 2020 | +222.8% | $2.6B |
| RTXRTX Corp. | June 30, 2020 | +207.9% | $6.7B |
| BKNGBooking Holdings, Inc. | June 30, 2020 | +179.8% | $4.6B |
| SCHWThe Charles Schwab Corp. | June 30, 2020 | +173.5% | $7.1B |
Sold off last quarter
- LyondellBasell Industries NVCUSIP N53745100 was $1.4B
- Liberty Global, Ltd.CUSIP G61188127 was $61.6M
- Honeywell International, Inc.CUSIP 438516106 was $1.8M
- EBAYeBay, Inc. was $1.1M
- PSMTPriceSmart, Inc. was $926K
- LOMALoma Negra Cia Industrial Argentina SA was $800K
- DuPont de Nemours, Inc.CUSIP 26614N102 was $672K
- ISRGIntuitive Surgical, Inc. was $230K
- HALHalliburton Co. was $214K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +3.8% | +14.8% |
| March 31, 2026 | −2.0% | −4.6% |
| December 31, 2025 | +2.0% | +2.4% |
| September 30, 2025 | +3.8% | +7.8% |
| June 30, 2025 | +3.9% | +10.5% |
| March 31, 2025 | +3.2% | −4.6% |
| December 31, 2024 | −1.9% | +2.1% |
| September 30, 2024 | +7.1% | +5.4% |
| June 30, 2024 | −1.1% | +4.0% |
| March 31, 2024 | +8.0% | +10.0% |
| December 31, 2023 | +7.3% | +11.2% |
| September 30, 2023 | +0.1% | −3.6% |
| June 30, 2023 | +4.9% | +8.3% |
| March 31, 2023 | +0.8% | +7.0% |
| December 31, 2022 | +12.3% | +7.1% |
| September 30, 2022 | −7.8% | −5.3% |
| June 30, 2022 | −12.7% | −16.5% |
| March 31, 2022 | +1.5% | −4.9% |
| December 31, 2021 | +4.6% | +10.7% |
| September 30, 2021 | −2.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Dodge & Cox Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=200217&type=13F-HR&dateb=&owner=include&count=40CIK 200217
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/200217/000119312526349535/Filed August 13, 2026 · accession 0001193125-26-349535