V. D. Dodge, E. M. Cox - Dodge & Cox Stock Fund 13F Activity & Position Changes (Q1 2025)

As of Mar 31, 2025, the Dodge & Cox Stock Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 14, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2025, the filing reported:

New Buys - Chubb Limited, Patria Investments, Millicom, Vanguard S&P 500 ETF

Increases - Apple Inc., Ambev S.A., ACM Research, Inc., Air Products and Chemicals, Inc, Avantor, Inc., and 42 more

Reductions - AbbVie Inc., Abbott Laboratories, Adobe Inc., Analog Devices, Inc., Aegon Ltd. New York Registry Sh, and 109 more

Complete Exits - Brighthouse Financial, Inc., Noah Holdings Limited, , U.S. Bancorp

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2025	AAPL Apple Inc.	Apple Inc.	Buy	+3,276	+13.7%	$6.03M	27,144
Q1 2025	ABBV AbbVie Inc.	AbbVie Inc.	Sell	-533	-4.8%	$2.19M	10,473
Q1 2025	ABEV Ambev S.A.	Ambev S.A.	Buy	+54,200	+26.3%	$606.73K	260,400
Q1 2025	ABT Abbott Laboratories	Abbott Laboratories	Sell	-533	-3.0%	$2.30M	17,324
Q1 2025	ACMR ACM Research, Inc.	ACM Research, Inc.	Buy	+9,500	+17.7%	$1.47M	63,092
Q1 2025	ADBE Adobe Inc.	Adobe Inc.	Sell	-1,050	-5.0%	$7.63M	19,900
Q1 2025	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell	-100	-0.3%	$6.27M	31,085
Q1 2025	AEG Aegon Ltd. New York Registry Sh	Aegon Ltd. New York Registry Sh	Sell	-222,985	-0.2%	$774.60M	117,541,105
Q1 2025	AEP American Electric Power Company	American Electric Power Company	Sell	-763,670	-6.6%	$1.18B	10,811,550
Q1 2025	ALL Allstate Corporation (The)	Allstate Corporation (The)	Sell	-23	-0.9%	$537.35K	2,595
Q1 2025	ALNY Alnylam Pharmaceuticals, Inc.	Alnylam Pharmaceuticals, Inc.	Sell	-188,500	-5.3%	$905.04M	3,351,762
Q1 2025	AMG Affiliated Managers Group, Inc.	Affiliated Managers Group, Inc.	Sell	-3,500	-53.8%	$504.09K	3,000
Q1 2025	AMGN Amgen Inc.	Amgen Inc.	Sell	-750	-5.3%	$4.22M	13,532
Q1 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-640,325	-3.7%	$3.15B	16,532,632
Q1 2025	APA APA Corporation	APA Corporation	Sell	-1,300	-3.0%	$874.43K	41,600
Q1 2025	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Buy	+2,096,568	+31.5%	$2.58B	8,759,722
Q1 2025	AVGO Broadcom Inc.	Broadcom Inc.	Sell	-2,790	-11.9%	$3.46M	20,670
Q1 2025	AVTR Avantor, Inc.	Avantor, Inc.	Buy	+1,116,953	+1.1%	$1.63B	100,262,723
Q1 2025	AXP American Express Company	American Express Company	Sell	-25,168	-6.3%	$100.67M	374,172
Q1 2025	AZN Astrazeneca PLC	Astrazeneca PLC	Sell	-7,570	-5.3%	$10.01M	136,140
Q1 2025	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell	-3,150,200	-21.8%	$1.50B	11,319,570
Q1 2025	BAC Bank of America Corporation	Bank of America Corporation	Sell	-10,055,162	-32.4%	$876.54M	21,004,922
Q1 2025	BAP Credicorp	Credicorp	Sell	-27,400	-0.5%	$988.47M	5,309,780
Q1 2025	BAX Baxter International Inc.	Baxter International Inc.	Buy	+1,081,631	+2.1%	$1.76B	51,458,925
Q1 2025	BHF Brighthouse Financial, Inc.	Brighthouse Financial, Inc.	Sell - Position Exit	-6,669,575	-100.0%	$0.00	-
Q1 2025	BIDU Baidu, Inc.	Baidu, Inc.	Sell	-475,400	-8.0%	$500.72M	5,440,815
Q1 2025	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-2,722,558	-6.1%	$3.52B	41,976,640
Q1 2025	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell	-7,564	-1.0%	$3.57B	776,008
Q1 2025	BKR Baker Hughes Company	Baker Hughes Company	Sell	-1,003,035	-2.2%	$1.96B	44,655,095
Q1 2025	BLK BlackRock	BlackRock	Sell	-95	-12.7%	$619.94K	655

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