Dodge & Cox.
The book · Q2 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | JCI | Johnson Controls International PLC | 55.78M | $8.1B | 4.3% | −3% |
| 2 | SCHW | The Charles Schwab Corp. | 76.97M | $7.1B | 3.7% | +3% |
| 3 | RTX | RTX Corp. | 35.11M | $6.7B | 3.5% | −1% |
| 4 | CVS | CVS Health Corp. | 50.01M | $5.2B | 2.7% | −3% |
| 5 | MSFT | Microsoft Corp. | 12.84M | $4.8B | 2.5% | +7% |
| 6 | BKNG | Booking Holdings, Inc. | 25.54M | $4.6B | 2.4% | +2460% |
| 7 | HUM | Humana, Inc. | 10.94M | $4.3B | 2.3% | −4% |
| 8 | GOOG | Alphabet, Inc. | 11.96M | $4.2B | 2.2% | −2% |
| 9 | MET | MetLife, Inc. | 48.43M | $4.1B | 2.1% | −5% |
| 10 | SUNB | Sunbelt Rentals Holdings, Inc. | 54.76M | $4.1B | 2.1% | +3% |
Where the money is
AC read
Dodge & Cox's most recent 13F filing shows a portfolio of 219 positions spread across a diversified base, with an HHI of 0.017 confirming that concentration risk is spread relatively thin despite the top 10 holdings comprising 27.2% of reported value. The filing data, which reflects positions as of the reporting date but is disclosed with a 45-90 day lag under SEC rules, shows Charles Schwab (SCHW) and Johnson Controls (JCI) appearing multiple times in the top holdings list, likely reflecting share class distinctions or aggregation across separate accounts within the same filing entity, with combined SCHW exposure alone accounting for roughly 20% of the top 10 by weight. Raytheon (RTX) rounds out the top 10 at 3.7%, and sector allocation leans into Financial Services (14.6%) and Health Care (11.1%), with smaller allocations to Media, Pharmaceuticals, and Biotechnology.
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